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The differences between value engineers and engineers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a value engineer, becoming an engineer takes usually requires 4-6 years. Additionally, an engineer has an average salary of $92,077, which is higher than the $88,531 average annual salary of a value engineer.
The top three skills for a value engineer include project management, CAD and sigma. The most important skills for an engineer are python, cloud, and C++.
| Value Engineer | Engineer | |
| Yearly salary | $88,531 | $92,077 |
| Hourly rate | $42.56 | $44.27 |
| Growth rate | 10% | 2% |
| Number of jobs | 47,777 | 618,207 |
| Job satisfaction | - | 4.33 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 65% |
| Average age | 42 | 41 |
| Years of experience | 4 | 6 |
A value engineer specializes in designing and developing procedures and strategies to enhance the value of projects and operations in an organization. Although the extent of their responsibilities varies on their company or industry of employment, it usually includes conducting research and analysis, reviewing documentation, developing tools, creating and presenting financial models, and help in developing processes and practices to optimize operations. Moreover, a value engineer typically works in a team environment, which requires an active communication line for a safe and efficient workflow.
Engineers are highly trained professionals who determine the feasibility of various projects, usually related to the construction industry. They are considered experts in mathematics and science, two disciplines that they need to use in designing and coming up with plans for projects. They should also be well-versed in different construction or industrial materials, and they ensure that appropriate materials are used for the project. They also ensure that the projects meet the requirements of the groups that hired them. They create spaces that would both address the needs of the end-users and the industry standards. They also ensure that the projects they make would stand the test of time.
Value engineers and engineers have different pay scales, as shown below.
| Value Engineer | Engineer | |
| Average salary | $88,531 | $92,077 |
| Salary range | Between $63,000 And $124,000 | Between $65,000 And $130,000 |
| Highest paying City | San Francisco, CA | Huntsville, AL |
| Highest paying state | California | New Hampshire |
| Best paying company | Amazon | Fort Bend County |
| Best paying industry | Manufacturing | Automotive |
There are a few differences between a value engineer and an engineer in terms of educational background:
| Value Engineer | Engineer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 65% |
| Most common major | Mechanical Engineering | Mechanical Engineering |
| Most common college | Northwestern University | Michigan Technological University |
Here are the differences between value engineers' and engineers' demographics:
| Value Engineer | Engineer | |
| Average age | 42 | 41 |
| Gender ratio | Male, 89.6% Female, 10.4% | Male, 86.3% Female, 13.7% |
| Race ratio | Black or African American, 4.7% Unknown, 3.9% Hispanic or Latino, 11.5% Asian, 12.2% White, 67.5% American Indian and Alaska Native, 0.2% | Black or African American, 3.3% Unknown, 4.6% Hispanic or Latino, 9.1% Asian, 15.0% White, 67.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 4% | 5% |