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Product Cost Engineer Jobs (NOW HIRING)

Meta

Product Cost Engineer

Sunnyvale, CA

$168K/yr

As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial health of your product from early ideation and design stages all the way through the end of life of the ...

Meta

Product Cost Engineer

Sunnyvale, CA · On-site

$168K - $234K/yr

As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial health of your product from early ideation and design stages all the way through the end of life of the ...

Komatsu

Product Cost Engineer I

Peoria, IL · On-site

$67K - $84K/yr

Product Cost Engineer I Posting Start Date: 7/10/26 Job Location (Short): Peoria, Illinois, USA, 61639 Requisition ID: 35697 Onsite or Remote: Onsite Position Join Komatsu and Be Part of Something ...

Bristol Alliance of Companies

Cost Engineer

Norfolk, VA · On-site

$148K/yr

Knowledge and experience with Autodesk software, Microsoft Office products, cost engineering software and other applicable DoD computer systems and software used by the Navy command. * Ability to ...

Toro

Cost Engineer - The Toro Company

Beatrice, NE

As the Cost Engineer you will be responsible for supporting the business by developing, analyzing ... Manages product cost to target on projects with moderate complexity. * Sets the future cost ...

Toro

Cost Engineer - The Toro Company

Perry, OK

As the Cost Engineer you will be responsible for supporting the business by developing, analyzing ... Manages product cost to target on projects with moderate complexity. * Sets the future cost ...

JB Poindexter & Co., Inc.

Cost Engineer

Sturgis, MI · On-site

Cost Engineer Support design engineering product cost management activities through design-to-cost methods in new product development and core design. Essential Functions and Activities: * Initiate ...

jbpco

Cost Engineer

Sturgis, MI

Cost Engineer Support design engineering product cost management activities through design-to-cost methods in new product development and core design. Essential Functions and Activities: * Initiate ...

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All JobsProduct Cost Engineer Jobs

Product Cost Engineer information

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$45.5K

$97K

$139.5K

How much do product cost engineer jobs pay per year?

As of Jul 31, 2026, the average yearly pay for product cost engineer in the United States is $97,048.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,000.00 and $114,000.00 per year, depending on experience, location, and employer.

What is the difference between Product Cost Engineer vs Manufacturing Cost Analyst?

AspectProduct Cost EngineerManufacturing Cost Analyst
CredentialsBachelor's in Engineering, Finance, or related field; certifications like CPCM or CPMBachelor's in Accounting, Finance, or Industrial Engineering; similar certifications
Work EnvironmentDesign and development teams, manufacturing plants, engineering departmentsFinance and accounting departments, manufacturing facilities
Industry UsageProduct development, engineering, manufacturingCost analysis, budgeting, financial planning in manufacturing

Product Cost Engineers focus on estimating and controlling costs during product development, working closely with engineering teams. Manufacturing Cost Analysts primarily analyze manufacturing expenses, supporting budgeting and cost reduction efforts. While both roles involve cost analysis and require similar credentials, their focus areas and daily tasks differ within the manufacturing industry.

What is a Product Cost Engineer?

A Product Cost Engineer is a professional responsible for analyzing, estimating, and managing the costs associated with manufacturing a product. They work closely with design, engineering, and procurement teams to evaluate materials, labor, and production processes to ensure products are developed within budget. Their goal is to optimize costs without compromising quality or functionality, helping organizations achieve profitability and competitive pricing. Product Cost Engineers often use specialized software and cost modeling techniques to support decision-making throughout the product lifecycle.

How does a Product Cost Engineer typically collaborate with other departments during the product development process?

Product Cost Engineers work closely with cross-functional teams such as design, engineering, procurement, and manufacturing to ensure that products are developed within targeted cost parameters. They often participate in design reviews, provide cost estimates, and suggest design modifications to optimize material and production costs. Effective communication and teamwork are essential, as Product Cost Engineers act as a bridge between technical teams and finance, ensuring that cost considerations are integrated into decision-making from the earliest stages of product development.

What are the key skills and qualifications needed to thrive as a Product Cost Engineer, and why are they important?

To thrive as a Product Cost Engineer, you need a solid background in engineering, cost analysis, and manufacturing processes, often supported by a degree in engineering or related fields. Familiarity with cost modeling software, ERP systems, and tools like SAP or Excel is typically essential. Strong analytical thinking, attention to detail, and effective communication skills help in collaborating with cross-functional teams and presenting cost-saving recommendations. These skills and qualifications are crucial for accurately estimating product costs, optimizing resources, and supporting strategic business decisions.
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Product Cost Engineer jobs near you
Infographic showing various Product Cost Engineer job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $97,048 per year, or $46.7 per hour.

Product Cost Engineer

Meta

Sunnyvale, CA

$168K/yr

Full-time

Posted 9 days ago

Meta rating

7.8

Company rating: 7.8 out of 10

Based on 45 frontline employees who took The Breakroom Quiz

135th of 241 rated software companies

Job description

Be part of building new, innovative hardware that radically redefines the way people work, play, and connect! As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial health of your product from early ideation and design stages all the way through the end of life of the product. You will team up cross-functionally with Operations, Engineering, Product Management, Sourcing, Finance and Contract Manufacturing teams to drive the product budget and supply chain continuity. You’ll influence product architecture by supporting the cross-functional teams’ decision making through trade-off analysis. In collaboration with cross-functional stakeholders, you will establish and refine product cost targets from early development stages.
Product Cost Engineer Responsibilities:
  • Support cross functional teams in active reporting and management of Total Cost per Unit including Materials, Capital Expenditures, Manufacturing Value Add (MVA), Warranty, Freight and others
  • Develop cost models to support cost and product category boundary decisions
  • Use cost models to drive supply chain and scalability strategies
  • Use your technical expertise to drive engineering and the supply chain team to meet program cost targets at a product and commodity level for your project
  • Engage Hardware teams at a technical level to identify and drive cost reduction opportunities
  • Track program actual costs versus targets to identify deltas and come up with corrective actions to bring the costs back on track
  • Outline, report and track all risks & opportunities related to product cost and drive them to closure
  • Lead cross-functional cost reviews to report actual versus target costs and risks and opportunities for your program
  • Actively participate in cross functional reviews to understand cost implications of operational, engineering and/or process changes
  • Work with both Sourcing and Engineering to align on Supplier Plan of Record (SPOR) to ensure low cost and stable supply
  • Ensure that best practices for cost management are shared across different teams
  • help create scalable processes documenting some of the best practices in the organization

Minimum Qualifications:
  • 5+ years of experience in product cost management roles in hardware technology products
  • Knowledge of Operations and Supply Chain with demonstrated effective communication skills
  • Experience adjusting to different communication styles and balancing non-cost variables
  • Problem solving, analytical and communication skills

Preferred Qualifications:
  • Demonstrated ability to integrate AI tools to optimize/redesign workflows and drive measurable impact (e.g., efficiency gains, quality improvements)
  • Masters degree (e.g. MBA, Engineering, or other relevant field) with experience in value engineering, management consulting, strategy, business operations
  • Experience adhering to and implementing responsible, ethical AI practices (e.g., risk assessment, bias mitigation, quality and accuracy reviews)
  • Demonstrated ongoing AI skill development (e.g., prompt/context engineering, agent orchestration) and staying current with emerging AI technologies
  • 7+ years of experience in product cost management roles in hardware technology products

About Meta:
Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. People who choose to build their careers by building with us at Meta help shape a future that will take us beyond what digital connection makes possible today—beyond the constraints of screens, the limits of distance, and even the rules of physics.
Meta is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Meta participates in the E-Verify program in certain locations, as required by law. Please note that Meta may leverage artificial intelligence and machine learning technologies in connection with applications for employment.
Meta is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at accommodations-ext@meta.com.
$168,000/year to $234,000/year + bonus + equity + benefits
Individual compensation is determined by skills, qualifications, experience, and location. Compensation details listed in this posting reflect the base hourly rate, monthly rate, or annual salary only, and do not include bonus, equity or sales incentives, if applicable. In addition to base compensation, Meta offers benefits. Learn more about benefits at Meta.

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