Average Product Development Engineer Salary in New Zealand
The average annual salary of Product Development Engineer is $74,207.00
The starting salary of Product Development Engineer is between $51,272.00 and $60,320.00 whereas the maximum salary range is between $89,380.00 and $102,787.00.
| Minimum Annual Pay | Maximum Annual Pay |
|---|---|
| $51,272.00 | $102,787.00 |
- Currency : NZD
- Annual Salary : $74,207.00
- Weekly Pay : $1,334.00
- Fortnightly Salary : $2,667.00
- Monthly Salary : $5,779.00
Product Development Engineer Salary Comparison by Gender
This pie chart demonstrates the gender share for Product Development Engineer. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Product Development Engineer compared to female. Their involvement is 79% while of female is only 21%.
Salary Distribution Based on Years of Experience
The line graph shows Product Development Engineer salary in New Zealand on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Product Development Engineer working less than a year in a company, you notice that their annual salary starts around $64,676.24.
As the years of experience reaches 1 to 4, there is a significant increase of $5,970.32 which would give a total wage of NZD70,646.56.
Once the experience reaches 5-9 years Product Development Engineer salary would increase again to a total of $81,832.94, adding $11,186.38 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $85,245.17.
And finally, once the Product Development Engineer gains 20 years of experience or more, their salary would reach $70,209.90.
Prominent Skills Affecting Product Development Engineer Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Product Development Engineer's salary. It clearly highlights the skills needed for a post of Product Development Engineer when hired by an employer.
The most vital skill expected of Product Development Engineer is Medical Devices which impacts the most than the rest of the skills indicated with a staggering 13% comparatively. Therefore, one’s salary would greatly depend on their skills in Medical Devices.
The skill least likely to affect one’s pay would be SolidWorks with 1%. It can be said that SolidWorks skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Product Development Engineer. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $63,818.00 whereas the highest earning is $86,080.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of $86,080.00 at 16%. So to summerize, Entry Level earns 14% less than the average salary, Early Career earns 2% less than the average salary, Mid Carrer earns 13% more than the average salary, Late Career earns 16% more than the average salary, Experienced earns 7% less than the average salary.