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Earning Of A Tool And Die Engineer
Choosing a career at the right age is important because in this rapidly growing world we do not have a single day to waste. If you are interested in kick-starting a career in Tool and die, it is a must that you start researching this particular field as a career option. In your research you need to cover a lot of things such as the qualification for becoming an engineer in this field, what would be the expected tuition fee, hiring outlook, and earning once you are employed.
Other than this, you need to do thorough research about the institution for accomplishing a Tool and Die course.
Because, this is the first thing you should be concerned about after which you can give heed to other things such as getting hired, earning, etc.
Education, Hiring, and other requirements
Typically, a bachelor's degree in Tool engineering is the least qualification you will require to be hired as a tool and die engineer irrespective of the company where you will work. Its course duration is generally 4 years. In addition to this, you may also opt for a master's degree to increase your earning as well as your position in the company.
In some countries, other than doing a tool and die maker course, you need to pass a qualifying or licensing examination which will decide if you can be enrolled in a Tool engineer course or not. Once you qualify for this examination, you can get enrolled in your favourite college or university. But, before appearing in one such examination, one has to prepare a lot as there is enough competition among students.
Work of a tool and die engineer
As you can easily guess by the name of this profession, in this particular field, engineers need to manufacture specialty tools as well as die of different types. They need to keep a lot of things in mind while tool manufacturing and meet specific precision guidelines.
Earnings/Salaries for Tool Engineers
Speaking about the salary of a tool and die engineer, he earns ₹ 292,384 on an average. On top of that, they can earn additional perks including bonuses, commission, and profit-sharing. You can earn a bonus of up to ₹20,000 and commission of up to ₹60,000. But, this will be specifically based on the type of work you do and how much it is liked by your employer. Moreover, you can also ear a few extra bugs of up to ₹10,174 as profit sharing.
The earning can also vary based on the tool and die maker course you opted for and your experience as a tool engineer. The more experience you have the more will be your salary. If you have an experience of less than 1 year, then you can expect your salary to be around ₹204,841. Those with an experience of 1-4 years can expect their earnings to be ₹250,666 on an average. Engineers with 5-9 years of experience, reported earn ₹350,000, and tool makers having 10-19 can earn ₹399,022. If someone has 20 years or more experience can expect their salaries to be ₹392,357.
In addition to this, your additional skills will let you earn some extra money. The additional skills may include Precision Machining, Mechanical Tool Repair, Grinding Tools, CNC/NC, CAD/CAM, etc. Your earnings may also vary based on the location where you are hired. At locations, where there are enough industries for this kind of work your chances to get hired and receive higher salaries also increase.
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