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Monte Carlo Simulation Jobs in Minnesota (NOW HIRING)

AGCO

Reliability Engineer

Jackson, MN

$96K - $122K/yr

Develop Reliability, Availability and Maintainability models using techniques such as Reliability Block Diagram (RBD), Fault Tree Analysis (FTA) and Monte Carlo Simulation, Reliability Growth Testing ...

AGCO

Reliability Engineer

Jackson, MN · On-site

$96K - $122K/yr

Develop Reliability, Availability and Maintainability models using techniques such as Reliability Block Diagram (RBD), Fault Tree Analysis (FTA) and Monte Carlo Simulation, Reliability Growth Testing ...

AGCO

Reliability Engineer

Jackson, MN

$96K - $122K/yr

Develop Reliability, Availability and Maintainability models using techniques such as Reliability Block Diagram (RBD), Fault Tree Analysis (FTA) and Monte Carlo Simulation, Reliability Growth Testing ...

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Monte Carlo Simulation information

See Minnesota salary details

$10.8K

$66.2K

$119K

How much do monte carlo simulation jobs pay per year?

As of Aug 10, 2026, the average yearly pay for monte carlo simulation in Minnesota is $66,209.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,100.00 and $77,900.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Monte Carlo simulation position, and why are they important?

To thrive as a Monte Carlo Simulation specialist, you need strong quantitative skills, a background in mathematics, statistics, or engineering, and experience with probability-based modeling. Expertise with programming tools such as Python, MATLAB, R, or specialized simulation software, along with knowledge of data analysis and modeling techniques, is typically required. Attention to detail, analytical thinking, and effective communication are vital soft skills for interpreting results and presenting findings to stakeholders. These competencies are crucial for creating accurate models, troubleshooting complex problems, and making data-driven recommendations in various industries.

What is a Monte Carlo simulation?

A Monte Carlo Simulation job typically involves using statistical techniques to model uncertainty and predict outcomes in various fields such as finance, engineering, and risk analysis. Professionals in this role develop and implement stochastic models to analyze complex systems and optimize decision-making. They often work with programming languages like Python, R, or MATLAB and apply probability theory to simulate real-world scenarios.

What are the typical daily responsibilities for someone working in Monte Carlo simulation roles?

Professionals in Monte Carlo Simulation roles typically spend their days developing, running, and analyzing computational models to assess risk, forecast outcomes, or optimize processes. Responsibilities often include collaborating with cross-functional teams to define model parameters, preparing and cleaning large datasets, coding simulation algorithms, and interpreting results to guide business or engineering decisions. You may also present findings to non-technical stakeholders and document methodologies for reproducibility. This role offers a dynamic blend of independent technical work and collaborative problem-solving, making it ideal for those who enjoy both analytical tasks and teamwork.

What are the most commonly searched types of Monte Carlo Simulation jobs in Minnesota? The most popular types of Monte Carlo Simulation jobs in Minnesota are:
What are popular job titles related to Monte Carlo Simulation jobs in Minnesota? For Monte Carlo Simulation jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Monte Carlo Simulation jobs in Minnesota look for? The top searched job categories for Monte Carlo Simulation jobs in Minnesota are:
Monte Carlo Simulation jobs near you
Infographic showing various Monte Carlo Simulation job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 85% Physical, 4% Hybrid, and 11% Remote job distribution, with an average salary of $66,209 per year, or $31.8 per hour.

Reliability Engineer

AGCO

Jackson, MN

$96K - $122K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 22 days ago

AGCO rating

8.8

Company rating: 8.8 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

43rd of 487 rated machine equipment manufacturers

Job description

Not everyone can claim to feed the world, but it is part of our every day. Behind everything we do for our farmers, there is one AGCO team making it happen. We are proud to put our curiosity to work, building a better and more sustainable world. Join our extraordinary team today!     


Your Impact  

  • Develop Reliability, Availability and Maintainability models using techniques such as Reliability Block Diagram (RBD), Fault Tree Analysis (FTA) and Monte Carlo Simulation, Reliability Growth Testing, Accelerated Life Testing (HALT and ALT). 

  • Perform analysis including mean-time-between-failure (MTBF) predictions; parts stress analysis, Failure Mode Effects Analysis  (SFMEA and DFMEA), Warranty Analysis. 

  • Responsible for producing accurate reliability analyses, suggestions and improvements, and developing reliability and validation requirements for assigned products in a timely manner. 

  • Perform failure reporting, analysis and corrective action (FRACAS) on assigned products including data analysis and trend analysis. 

  • Testing and Verification: perform reliability testing, reports, charts, diagrams and analysis through product lifecycle, recommend/implement test methods and statistical process control procedures for achieving required levels of product reliability and assist with defining verification and validation activities for new products.  

 
Your Experience and qualifications  

  • Bachelor's degree in engineering Discipline with 0-7 years of diverse work experience in Reliability Engineering and/or Reliability Modeling, or Electrical, Mechanical, or Software engineering. Comfortable with oral/written communication, leadership, interpersonal, and relationship-building skills.  Certified Reliability Engineer (CRE) preferred; willingness to obtain CRE certification desired. 

  • Highly capable of understanding the overall picture and seeing future trends. High attention to detail and quality, with an extreme sense of urgency in meeting customer requirements and schedules.  

  • Exposure to reliability prediction and analysis tools such as Reliasoft and/or Relyence Products, and programming languages such as R and/or Python are desired 

  • Familiar with Reliability Engineering for agricultural or similar products based on application expected. Familiar in Basics of Mechanics (Vibration, Thermal, Thermo-Mechanical, etc.) and product validation methods regarding lifetime requirement and testing 

  • Understanding and knowledge of reliability tools, equipment, standards, and root cause analysis. Assist in risk management assessments of new designs and updates to release products    

  • Data Reporting: Develop and maintain Tableau reports for validation/ engineering 

 Your Benefits    

  • Health care and wellness plans   

  • Dental and vision plans   

  • Flexible and virtual work options (where available)   

  • 401(k) Savings Plan with company match   

  • Employee Stock Purchase Plan offering eligible employees the ability to purchase AGCO stock at a discounted price   

  • Paid holidays and paid time off   

  • Health savings and flexible spending accounts   

  • Reimbursement for continuing education   

  • Life insurance and other supplemental insurance plans 

Your Workplace  

You will work with your wonderful AGCO colleagues from Jackson, USA (Onsite)  

We value inclusion and recognize the innovation a diverse workforce delivers to our farmers. Through our recruitment efforts, we are committed to building a team that includes a variety of experiences, backgrounds, cultures, and perspectives.  

Join us as we bring agriculture into the future and apply now!  

What AGCO employees say

Pay

Benefits

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About AGCO

Sourced by ZipRecruiter

AGCO is a global leader in the design, manufacture and distribution of agricultural equipment with a dynamic portfolio of exciting brands such as Fendt, Massey Ferguson, and Gleaner which deliver innovative and efficient solutions to farmers in North America through a comprehensive product line-up and smart farming software solutions.

Industry

Manufacturing

Company size

10,000+ Employees

Headquarters location

Duluth, GA, US

Year founded

1990

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