As of May 18, 2021, the average salary for a Test Engineer V in New Jersey is $161,898 per year, which breaks down to an hourly rate of $78.
However, a Test Engineer V's salary can vary significantly. Here’s a look at the typical salary range:
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Test Engineer V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $171,131 | $14,261 | $3,291 | $82 |
| Average | $161,898 | $13,491 | $3,113 | $78 |
| 25th Percentile | $149,572 | $12,464 | $2,876 | $72 |
DTCC- The Depository Trust & Clearing Corporation - Jersey City, NJ
Noblis - Atlantic City, NJ
Survice Engineering Company - Atlantic City, NJ
Survice Engineering Company - Atlantic City, NJ
A Test Engineer V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Test Engineer V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Test Engineer III | 4-7 years | $122,813 |
| Test Engineer IV | 7+ years | $148,204 |
| Test Engineer V | 7-10 years | $161,898 |
| Test Engineering Supervisor | 10+ years | $116,334 |
| Test Engineering Manager I | 10+ years | $138,767 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Test Engineer Vs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Test Engineer V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $171,131 | $14,261 | $3,291 | $82 |
| Average | $161,898 | $13,491 | $3,113 | $78 |
| 25th Percentile | $149,572 | $12,464 | $2,876 | $72 |
For a Test Engineer V, the most direct path to higher earnings is advancing to the Test Engineering Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $116,334 - a projected growth of -28% over your current level.
Ready to take the next step in your career? Browse thousands of current Test Engineer V job openings on our job board. Use the search bar below to find your perfect match.
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