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The differences between value engineers and industrial engineers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a value engineer and an industrial engineer. Additionally, a value engineer has an average salary of $88,531, which is higher than the $76,501 average annual salary of an industrial engineer.
The top three skills for a value engineer include project management, CAD and sigma. The most important skills for an industrial engineer are continuous improvement, lean manufacturing, and sigma.
| Value Engineer | Industrial Engineer | |
| Yearly salary | $88,531 | $76,501 |
| Hourly rate | $42.56 | $36.78 |
| Growth rate | 10% | 10% |
| Number of jobs | 47,777 | 46,756 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
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.
An industrial engineer specializes in devising various systems to improve the workflow and the workforce in a manufacturing setting. One of their primary responsibilities is to understand all of the procedures in a manufacturing plant and develop strategies to resolve issues or improve production operations, such as designing a cost-efficient machine or system that will enhance the quality of goods and boost the productivity of workers. Moreover, it is also essential to adhere to all the company's policies and safety regulations to maintain a safe and productive work environment for all employees.
Value engineers and industrial engineers have different pay scales, as shown below.
| Value Engineer | Industrial Engineer | |
| Average salary | $88,531 | $76,501 |
| Salary range | Between $63,000 And $124,000 | Between $59,000 And $97,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Alaska |
| Best paying company | Amazon | Apple |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a value engineer and an industrial engineer in terms of educational background:
| Value Engineer | Industrial Engineer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| Most common major | Mechanical Engineering | Industrial Engineering |
| Most common college | Northwestern University | New York University |
Here are the differences between value engineers' and industrial engineers' demographics:
| Value Engineer | Industrial Engineer | |
| Average age | 42 | 42 |
| Gender ratio | Male, 89.6% Female, 10.4% | Male, 80.2% Female, 19.8% |
| 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, 4.8% Unknown, 4.0% Hispanic or Latino, 11.8% Asian, 12.9% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 4% | 4% |