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Working as a Value Engineer

Value engineers create plans for engineering activities devising design criteria and product specifications for components and equipment applied in aircraft. They function as a mediator between engineering and other departments involved in the work.

It will be your job as a value engineer to research product design to make sure proposals match standard design criteria. You will make sure the design costs are reasonable and approve plans or suggest improvements in design proposals based on various factors such as practicality, costs, and component technology.

You will be responsible for coordinating the testing processes of equipment. You will evaluate results and accept or reject utilizing equipment based on the outcome of the tests. Providing technical guidance for research programs aimed at improving production methods will also be your responsibility.

There is more than meets the eye when it comes to being a value engineer. For example, did you know that they make an average of $39.64 an hour? That's $82,451 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 23,800 job opportunities across the U.S.

What Does a Value Engineer Do

There are certain skills that many value engineers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed speaking skills, writing skills and creativity.

When it comes to the most important skills required to be a value engineer, we found that a lot of resumes listed 12.6% of value engineers included project management, while 9.7% of resumes included cad, and 7.3% of resumes included sigma. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the value engineer job title. But what industry to start with? Most value engineers actually find jobs in the manufacturing and technology industries.

How To Become a Value Engineer

If you're interested in becoming a value engineer, one of the first things to consider is how much education you need. We've determined that 52.0% of value engineers have a bachelor's degree. In terms of higher education levels, we found that 34.3% of value engineers have master's degrees. Even though most value engineers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a value engineer. When we researched the most common majors for a value engineer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on value engineer resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a value engineer. In fact, many value engineer jobs require experience in a role such as project engineer. Meanwhile, many value engineers also have previous career experience in roles such as manufacturing engineer or engineer.

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Average Salary$82,451
Job Growth Rate8%

Value Engineer Career Paths

Top Careers Before Value Engineer

Top Careers After Value Engineer

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Average Salary for a Value Engineer

Value Engineers in America make an average salary of $82,451 per year or $40 per hour. The top 10 percent makes over $106,000 per year, while the bottom 10 percent under $63,000 per year.
Average Salary
$82,451

Best Paying Cities

City
Average Salary
Austin, TX
Salary Range91k - 151k$117k$117,453
Phoenix, AZ
Salary Range72k - 118k$93k$92,694
Reno, NV
Salary Range71k - 112k$90k$89,879
Boston, MA
Salary Range73k - 107k$89k$88,745
Troy, MI
Salary Range72k - 102k$86k$86,348
Schenectady, NY
Salary Range70k - 104k$86k$85,578
$55k
$151k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Value Chain Engineer
Value Chain Engineer
Volvo Group North America LLC
Volvo Group North America LLC
04/03/2019
04/03/2019
$92,37804/03/2019
$92,378
Sustainability and Value Engineer
Sustainability and Value Engineer
Ceo Development LLC
Ceo Development LLC
03/20/2019
03/20/2019
$70,20003/20/2019
$70,200
Sustainability and Value Engineer
Sustainability and Value Engineer
Ceo Development LLC
Ceo Development LLC
03/20/2019
03/20/2019
$70,43603/20/2019
$70,436
Mathematical Value Engineer
Mathematical Value Engineer
Midwest Cooling Towers, Inc.
Midwest Cooling Towers, Inc.
03/11/2019
03/11/2019
$59,28003/11/2019
$59,280
Senior Value Engineer I
Senior Value Engineer I
ASM America Inc.
ASM America Inc.
02/04/2019
02/04/2019
$88,31702/04/2019
$88,317
See More Recent Salaries

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Value Engineer Demographics

Gender

male

84.1 %

female

10.7 %

unknown

5.1 %

Ethnicity

White

71.4 %

Asian

12.8 %

Hispanic or Latino

9.4 %

Foreign Languages Spoken

Spanish

21.4 %

Russian

14.3 %

Portuguese

7.1 %
See More Demographics

Value Engineer Education

Degrees

Bachelors

52.0 %

Masters

34.3 %

Associate

8.8 %

Top Colleges for Value Engineers

1. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

2. Johns Hopkins University

Baltimore, MD • Private

In-State Tuition
$53,740
Enrollment
5,567

3. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

4. University of Illinois at Urbana-Champaign

Champaign, IL • Public

In-State Tuition
$15,094
Enrollment
32,974

5. Georgia Institute of Technology

Atlanta, GA • Public

In-State Tuition
$12,424
Enrollment
15,201

6. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

7. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

8. University of Michigan - Ann Arbor

Ann Arbor, MI • Public

In-State Tuition
$15,262
Enrollment
30,079

9. Cornell University

Ithaca, NY • Private

In-State Tuition
$55,188
Enrollment
15,105

10. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083
See More Education Info
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Internship
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Top Skills For a Value Engineer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.6% of value engineers listed project management on their resume, but soft skills such as speaking skills and writing skills are important as well.

Best States For a Value Engineer

Some places are better than others when it comes to starting a career as a value engineer. The best states for people in this position are Texas, California, Colorado, and Louisiana. Value engineers make the most in Texas with an average salary of $115,757. Whereas in California and Colorado, they would average $103,845 and $103,514, respectively. While value engineers would only make an average of $98,623 in Louisiana, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Texas

Total Value Engineer Jobs:
3,037
Highest 10% Earn:
$180,000
Location Quotient:
1.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. California

Total Value Engineer Jobs:
7,217
Highest 10% Earn:
$165,000
Location Quotient:
1.5
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Washington

Total Value Engineer Jobs:
1,227
Highest 10% Earn:
$138,000
Location Quotient:
1.13
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Value Engineer Employers

1. Lockheed Martin
4.9
Avg. Salary: 
$104,687
Value Engineers Hired: 
19+
2. Honeywell
4.8
Avg. Salary: 
$72,514
Value Engineers Hired: 
11+
3. General Electric
4.7
Avg. Salary: 
$101,864
Value Engineers Hired: 
9+
4. Arrow Electronics
4.7
Avg. Salary: 
$81,245
Value Engineers Hired: 
8+
5. Rolls-Royce
4.8
Avg. Salary: 
$83,843
Value Engineers Hired: 
7+
6. Stanley Black & Decker
4.8
Avg. Salary: 
$83,266
Value Engineers Hired: 
6+
Updated October 2, 2020