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Component Engineer Jobs in Rochester Hills, MI (NOW HIRING)

Develop component cost estimates for new programs, including: * Early-phase cost engineering estimates * Detailed "should-cost" calculations using a bottom-up manufacturing approach * Provide idea ...

Develop component cost estimates for new programs, including: * Early-phase cost engineering estimates * Detailed "should-cost" calculations using a bottom-up manufacturing approach * Provide idea ...

Cost Engineer responsibilities will include utilizing Stellantis component cost methodologies and processes to develop, analyze, and provide guidance for cost convergence to internal stakeholders.

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Engineer - Vehicle Cost Engineer (VCE) Location: Auburn Hills, MI Pay Rate: $43.08/hour Duration ... Develop detailed component cost estimates for new vehicle programs. * Prepare early-phase cost ...

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Development of component costs for new programs ("cost engineering estimate" at initial concept; "should cost calculation" through bottom-up approach for new & modified purchased components based on ...

Develop component cost estimates for new programs, including: * Early-phase cost engineering estimates * Detailed "should-cost" calculations using a bottom-up manufacturing approach * Provide idea ...

Develop component cost estimates for new programs, including: Early ‐ phase cost engineering estimates, Detailed "should ‐ cost" calculations using a bottom ‐ up manufacturing approach

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Develop component cost estimates for new programs, including: Early ‐ phase cost engineering estimates, Detailed "should ‐ cost" calculations using a bottom ‐ up manufacturing approach

Be Seen First

Develop component cost estimates for new programs, including: Early ‐ phase cost engineering estimates, Detailed "should ‐ cost" calculations using a bottom ‐ up manufacturing approach

The Engineer will be responsible for the components / system from initial design development, kick ... Manage component release in PLM systems and processes (Teamcenter, WebCN, FastCar2, PPAP, etc ...

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Cost Engineer

Auburn Hills, MI · On-site

$39 - $44/hr

* Multiple roles are being fulfilled within this job posting- for all component scopes within the ... Design Responsible Engineering, Manufacturing, Component Tool development, or Component Purchasing.

Develop component cost estimates for new programs, including: * Early-phase cost engineering estimates * Detailed "should-cost" calculations using a bottom-up manufacturing approach * Provide idea ...

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Develop component cost estimates for new programs, including: o Early‐phase cost engineering estimates o Detailed "should‐cost" calculations using a bottom‐up manufacturing approach * Provide ...

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Component Engineer information

See Rochester Hills, MI salary details

$23

$49

$70

How much do component engineer jobs pay per hour?

As of Jun 29, 2026, the average hourly pay for component engineer in Rochester Hills, MI is $49.36, according to ZipRecruiter salary data. Most workers in this role earn between $39.81 and $57.31 per hour, depending on experience, location, and employer.

What engineers make $500,000?

Senior engineers in specialized fields such as software engineering, petroleum engineering, and aerospace engineering can reach or exceed a $500,000 annual salary, especially with experience, bonuses, and stock options. High-level roles often require advanced skills, certifications, and leadership responsibilities within competitive industries.

What is a Component Engineer job?

A Component Engineer is responsible for selecting, evaluating, and managing electronic and mechanical components used in product designs. They ensure component availability, reliability, and compliance with industry standards. Their role involves working closely with design, procurement, and manufacturing teams to optimize component selection for cost and performance. Component Engineers also help mitigate risks related to obsolescence and supply chain disruptions by identifying alternative parts and manufacturers.

What are the key skills and qualifications needed to thrive in the Component Engineer position, and why are they important?

To thrive as a Component Engineer, you need a solid background in electrical or mechanical engineering principles, with a relevant bachelor’s degree and experience in component selection and analysis. Familiarity with PLM (Product Lifecycle Management) systems, CAD tools, and industry standards such as RoHS and IPC is commonly required, and certifications like Six Sigma can be advantageous. Strong analytical skills, attention to detail, and the ability to communicate effectively with cross-functional teams help set you apart. These capabilities are crucial for ensuring high-quality, cost-effective component choices that meet both engineering specifications and compliance requirements.

Can you make $500,000 as an electrical engineer?

Component engineers, a specialized role within electrical engineering, typically earn salaries below $200,000 annually, with top earners in senior or managerial positions reaching higher figures. Achieving a $500,000 salary generally requires extensive experience, advanced certifications, leadership roles, or working in high-paying industries such as aerospace or defense. Such compensation levels are uncommon for standard electrical or component engineering positions.

What engineers make $300,000 a year?

Senior engineers in specialized fields such as petroleum, aerospace, or software engineering can earn $300,000 or more annually, especially with extensive experience, advanced skills, and leadership roles. High-level engineering managers and technical directors in large organizations may also reach this compensation level. Achieving this salary often requires advanced degrees, certifications, and a strong track record of project success.

What does a component engineer do?

A component engineer is responsible for selecting, testing, and managing electronic or mechanical components used in product design and manufacturing. They ensure components meet quality, reliability, and compliance standards, often using CAD tools and industry specifications. Their work supports the development of reliable, cost-effective products and may involve collaboration with suppliers and cross-functional teams.

What are the typical daily responsibilities of a Component Engineer?

As a Component Engineer, your daily responsibilities typically involve selecting and qualifying electronic or mechanical components, maintaining the approved parts list, and ensuring component compliance with industry standards and regulations. You’ll collaborate closely with design, procurement, and quality assurance teams to resolve issues related to part obsolescence, sourcing, and cost optimization. Reviewing technical documentation, analyzing failure data, and providing design support are also regular parts of the role. This position offers a dynamic mix of hands-on technical work and cross-functional communication within a fast-paced engineering environment.

What cities near Rochester Hills, MI are hiring for Component Engineer jobs? Cities near Rochester Hills, MI with the most Component Engineer job openings:
Infographic showing various Component Engineer job openings in Rochester Hills, MI as of June 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $102,678 per year, or $49.4 per hour.
Cost Engineer

Cost Engineer

Stellantis

Auburn Hills, MI • On-site

Full-time

Posted 27 days ago


Stellantis rating

7.4

Company rating: 7.4 out of 10

Based on 125 frontline employees who took The Breakroom Quiz

17th of 44 rated automakers


Job description

The Cost Engineer role develops detailed cost estimates for components and tooling using an activity-based costing approach. This role works directly with bills of material, drawings, and physical samples to understand how parts are made and to estimate the associated component, manufacturing, and investment costs.
In this position, you will use established Stellantis methods and processes to analyze costs, provide guidance to internal teams, and support cost convergence activities. You will collaborate with global engineering, purchasing, finance, and supplier teams to ensure competitive and transparent cost structures from early concept through serial production.
Multiple roles are being fulfilled within this job posting- for all component scopes within the vehicle structure (Body, Interior, Chassis, Engine Adaptation, Electrical Components and Systems, Powertrain). Position fulfillment to utilize applicant background and experience as paired to internal role needs. Organization Success in this role requires curiosity, agility, and a collaborative mindset within a fast-paced, global environment.
Key Deliverables:
Develop component cost estimates for new programs, including:
  • Early-phase cost engineering estimates
  • Detailed "should-cost" calculations using a bottom-up manufacturing approach
  • Provide idea generation and cost support during vehicle development to help achieve cost targets (Design-to-Cost)
  • Support purchasing during supplier negotiations by completing gap analyses of supplier cost breakdowns (Piece Price, ED&D, Tooling)
  • Contribute to benchmarking and value optimization activities, including serial life should-cost assessments
  • Collaborate closely with internal global team, Engineering, Buyers, and Suppliers
  • Provide global cost comparison analysis in partnership with the broader Cost Engineering community

Basic Qualifications:
  • Bachelor's degree in Engineering, Business or a related field
  • Strong English verbal and written skills to support role job key deliverables
  • Ability to manage a high volume of parts and varying levels of complexity
  • Proficiency with Microsoft PowerPoint, Excel, and Word
  • Ability to work effectively across multiple levels of the organization, functions, and global regions

Preferred Qualifications:
  • Bachelor's degree in Mechanical, Electrical, Manufacturing or Industrial Engineering
  • Experience in the automotive industry, advanced manufacturing or related industries
  • Familiarity with cost model structures and activity-based costing for component development
  • Experience in within one or multiple areas: Design Responsible Engineering, Manufacturing, Component Tool development, or Component Purchasing

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