Average Product Engineer Salary in Mexico for 2024

In this article, we will look at the average Product Engineer salary for 2024 in Mexico and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Mexican peso. To keep things simple, we are using the MXN currency code instead of the currency symbol $.

How Much Does a Product Engineer Make in Mexico?

A Product Engineer working in Mexico will typically earn around 385,300 MXN per year, and this can range from the lowest average salary of about 201,100 MXN to the highest average salary of 592,600 MXN.

Average Annual Salary
385,300 MXN
Average Monthly Salary
32,108 MXN

Lowest Annual Salary
201,100 MXN
Lowest Monthly Salary
16,758 MXN

Highest Annual Salary
592,600 MXN
Highest Monthly Salary
49,383 MXN

These are average salaries for a Product Engineer in Mexico and include benefits such as housing and transport. It's also possible for a Product Engineer to earn more or less than the average salaries shown above.

Product Engineer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Product Engineer Salaries in Mexico

So we've looked at the average salaries a Product Engineer will earn in Mexico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Product Engineer can earn between 201,100 MXN and 592,600 MXN on average in Mexico. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Product Engineer in Mexico is 369,300 MXN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 369,300 MXN, and 50% of the population earn more than 369,300 MXN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Product Engineer salary in Mexico, 25% of the population are earning less than 257,700 MXN while 75% of the population earn more than 257,700 MXN.

75% of the population earn less than 462,300 MXN, and 25% of the population earn more than 462,300 MXN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Product Engineer Salary by Experience Level in Mexico

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average product engineer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Product Engineer in Mexico that has less than two years of experience can expect to earn somewhere in the region of 227,600 MXN.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Engineer salary would increase to 307,400 MXN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Engineer, the average salary would be 398,300 MXN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 483,400 MXN.
  • 15 - 20 Years Experience. A Product Engineer with 15 to 20 years of experience can earn an average of 525,700 MXN.
  • 20+ Years Experience. For a Product Engineer with more than 20 years, the expected average salary increases to 553,400 MXN.

Average Salary by Experience Chart

0-2 Years
227,600 MXN
2-5 Years +34%
307,400 MXN
5-10 Years +30%
398,300 MXN
10-15 Years +21%
483,400 MXN
15-20 Years +9%
525,700 MXN
20+ Years +5%
553,400 MXN

Product Engineer Salary by Education Level in Mexico

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Product Engineer in Mexico based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Product Engineer in Mexico with a bachelor's degree education can earn an average salary of 320,500 MXN.

  • Master's Degree. A Product Engineer in Mexico with a master's degree education can earn an average salary of 448,500 MXN.

Average Salary by Education Chart

Bachelor's Degree
320,500 MXN
Master's Degree +39%
448,500 MXN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Mexico is around 166,000 to 498,000 MXN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Product Engineer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Mexico, a male product engineer will earn an average of 409,000 MXN, while a female product engineer will earn around 371,100 MXN.

This means that a male product engineer earns approximately 10% more than a female product engineer for performing the same job.

Average Salary by Gender Chart in Mexico

Male
409,000 MXN
Female -10%
371,100 MXN

Product Engineer Average Pay Raise in Mexico

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Product Engineer in Mexico is around 11% every 19 months.

The national average pay raise across all professions and industries in Mexico is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Product Engineer in Mexico can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Mexico for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Mexico.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Product Engineer Bonus and Incentive Rates in Mexico

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Product Engineer is a low bonus based job, with 27% of employees reporting at least one bonus in the last 12 months.

73% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 3%.

Received Bonus
27%
No Bonus
73%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Mexico earn approximately 8% more than private sector employees in the same role.

Public Sector
415,900 MXN
Private Sector -8%
384,200 MXN

Salaries for Jobs Similar to a Product Engineer

In the table below, we have salary information for jobs that are similar to a Product Engineer in Mexico.

Job Title Category Salary
Acoustics Engineer Engineering 322,600 MXN
Assembly Engineering Technician Engineering 275,500 MXN
Assistant Chief Engineer Engineering 378,300 MXN
Associate Engineer Engineering 330,700 MXN
AutoCAD Drafter Engineering 209,500 MXN
Autocad Operator Engineering 225,300 MXN
Automation Engineer Engineering 389,200 MXN
Avionic System Support Engineer Engineering 345,100 MXN
Biochemical Engineer Engineering 315,900 MXN
BMS Engineer Engineering 339,100 MXN
Bridge and Lock Tender Engineering 195,200 MXN
Broadcast Engineer Engineering 353,600 MXN
CAD Design Engineer Engineering 381,800 MXN
CAD Designer Engineering 216,800 MXN
CAE Engineer Engineering 361,600 MXN
Ceramics Engineer Engineering 322,600 MXN
Chemical Engineer Engineering 341,400 MXN
Civil Drafter Engineering 212,500 MXN
Civil Engineer Engineering 378,300 MXN
Civil Site Engineer Engineering 363,000 MXN
Civil Technician Engineering 221,500 MXN
Commissioning Engineer Engineering 339,100 MXN
Communications Engineer Engineering 367,900 MXN
Condition Monitoring Engineer Engineering 294,700 MXN
Contract Associate Engineer Engineering 322,600 MXN
Contract Engineer Engineering 335,100 MXN
Control Systems Engineer Engineering 345,100 MXN
Controls Engineer Engineering 340,400 MXN
Controls Software Engineer Engineering 319,600 MXN
Corrosion Engineer Engineering 330,700 MXN
Design Engineer Engineering 351,200 MXN
Director of Engineering Engineering 707,700 MXN
Drafter Engineering 216,800 MXN
Drafting Manager Engineering 415,900 MXN
Drilling Engineer Engineering 348,300 MXN
Drilling Foreman Engineering 110,340 MXN
Electrical Draughtsman Engineering 172,400 MXN
Electrical Engineer Engineering 369,300 MXN
Electrical Engineering Manager Engineering 504,300 MXN
Electromechanical Engineering Technologist Engineering 394,500 MXN
Electromechanical Equipment Assembler Engineering 183,600 MXN
Energy Engineer Engineering 386,400 MXN
Engine Assembler Engineering 158,700 MXN
Engineer Engineering 385,300 MXN
Engineering Account Manager Engineering 417,200 MXN
Engineering Chief Designer Engineering 421,400 MXN
Engineering Consultant Engineering 464,400 MXN
Engineering Key Account Manager Engineering 525,700 MXN
Engineering Lab Technician Engineering 344,600 MXN
Engineering Manager Engineering 510,200 MXN
Engineering Planning Manager Engineering 514,800 MXN
Engineering Production Manager Engineering 631,200 MXN
Engineering Project Analyst Engineering 431,300 MXN
Engineering Project Coordinator Engineering 412,000 MXN
Engineering Project Director Engineering 695,200 MXN
Engineering Project Leader Engineering 453,200 MXN
Engineering Project Manager Engineering 498,000 MXN
Engineering Research and Development Manager Engineering 562,200 MXN
Engineering Safety Coordinator Engineering 283,400 MXN
Engineering Sales Manager Engineering 472,100 MXN
Engineering Technician Engineering 275,800 MXN
Engineering Technologist Engineering 281,500 MXN
Environmental Engineer Engineering 339,100 MXN
Equipment Engineer Engineering 325,900 MXN
Equipment Engineering Manager Engineering 489,500 MXN
Estimator Engineering 308,300 MXN
Fabrication Specialist Engineering 249,600 MXN
Fabricator Engineering 168,100 MXN
Facade Engineer Engineering 340,400 MXN
Fiber Analyst Engineering 196,800 MXN
Field Engineer Engineering 365,400 MXN
Field Engineering Manager Engineering 614,600 MXN
Fire Engineer Engineering 351,900 MXN
Fitter and Turner Engineering 117,660 MXN
Forestry Strategic Planner Engineering 424,900 MXN
Generation Engineer Engineering 357,700 MXN
Genetic Engineer Engineering 383,300 MXN
Geological Engineer Engineering 367,900 MXN
Geotechnical Engineer Engineering 365,400 MXN
Heavy Equipment Mechanic Engineering 187,300 MXN
Highway Engineer Engineering 354,000 MXN
HSE Professional Engineering 322,600 MXN
HVAC Engineer Engineering 394,800 MXN
HVAC Supervisor Engineering 314,500 MXN
Industrial Engineer Engineering 335,100 MXN
Industrial Engineering Technologist Engineering 345,700 MXN
Instrument Engineer Engineering 351,900 MXN
Instrument Technician Engineering 192,600 MXN
Instrumentation and Control Engineer Engineering 361,600 MXN
Instrumentation Designer Engineering 290,800 MXN
Instrumentation Engineer Engineering 366,200 MXN
Instrumentation Manager Engineering 351,900 MXN
Irrigation Engineer Engineering 351,900 MXN
Licensed Aircraft Engineer Engineering 382,600 MXN
Locomotive Engineer Engineering 325,900 MXN
Maintenance Engineer Engineering 317,700 MXN
Maintenance Fitter Engineering 125,700 MXN
Maintenance Manager Engineering 339,100 MXN
Manufacturing Engineer Engineering 340,400 MXN
Marine Engineer Engineering 369,900 MXN
Materials Engineer Engineering 340,400 MXN
Materials Researcher Engineering 335,800 MXN
Materials Technician Engineering 254,700 MXN
Mechanical and Electrical Engineer Engineering 381,800 MXN
Mechanical Design Engineer Engineering 382,600 MXN
Mechanical Designer Engineering 292,000 MXN
Mechanical Engineer Engineering 384,200 MXN
Mechanical Engineering Manager Engineering 472,100 MXN
Mechanical Inspector Engineering 327,800 MXN
Mechatronics Engineer Engineering 377,200 MXN
Mining Engineer Engineering 361,500 MXN
Oil and Petrochemical Engineer Engineering 398,300 MXN
Optical Engineer Engineering 344,600 MXN
Optical Instrument Assembler Engineering 187,300 MXN
PCB Assembler Engineering 136,100 MXN
Photonics Engineer Engineering 407,100 MXN
Photonics Technician Engineering 311,700 MXN
Pipeline Engineer Engineering 315,700 MXN
Piping Designer Engineering 191,600 MXN
Piping Engineer Engineering 340,400 MXN
Planning Engineer Engineering 371,100 MXN
Pressure Vessel Inspector Engineering 161,300 MXN
Principal Cost Engineer Engineering 345,700 MXN
Principal Engineer Engineering 361,600 MXN
Principal Support Engineer Engineering 375,200 MXN
Process Engineer Engineering 340,400 MXN
Process Operator Engineering 207,800 MXN
Product Development Engineer Engineering 371,100 MXN
Product Development Technician Engineering 247,800 MXN
Product Safety Engineer Engineering 327,300 MXN
Production Engineer Engineering 363,000 MXN
Project Engineer Engineering 369,900 MXN
Proposal Manager Engineering 454,900 MXN
Purchasing Engineer Engineering 315,700 MXN
Quality Assurance Engineer Engineering 361,600 MXN
Rail Engineer Engineering 345,100 MXN
Regional Field Engineer Engineering 372,600 MXN
Robotics Engineer Engineering 390,000 MXN
Robotics Technician Engineering 294,300 MXN
Safety Engineer Engineering 354,000 MXN
Safety Inspector Engineering 271,300 MXN
Safety Manager Engineering 415,900 MXN
Safety Officer Engineering 187,500 MXN
Sales Engineer Engineering 394,500 MXN
Scheduling Engineer Engineering 320,500 MXN
Service Engineer Engineering 377,200 MXN
Solar Engineer Engineering 382,600 MXN
Staff Engineer Engineering 344,600 MXN
Static Equipment Engineer Engineering 348,300 MXN
Stationary Engineer Engineering 315,900 MXN
Stress Engineer Engineering 340,400 MXN
Structural Analysis Engineer Engineering 339,100 MXN
Structural Designer Engineering 315,700 MXN
Structural Engineer Engineering 351,900 MXN
Structural Technician Engineering 238,900 MXN
Supply Chain Specialist Engineering 361,500 MXN
Surveyor Engineering 261,300 MXN
Technical Affairs Officer Engineering 189,300 MXN
Technical Assistant Engineering 172,200 MXN
Technical Engineer Engineering 294,700 MXN
Technical Support Engineer Engineering 294,700 MXN
Tender Engineer Engineering 317,700 MXN
Test Development Engineer Engineering 344,600 MXN
Test Engineer Engineering 332,100 MXN
Transportation Engineer Engineering 352,000 MXN
Validation Engineer Engineering 315,900 MXN
Verification Engineer Engineering 327,800 MXN
Wastewater Engineer Engineering 363,000 MXN
Wind Energy Engineer Engineering 367,900 MXN
Wind Energy Operations Manager Engineering 450,300 MXN
Work Planner Engineering 258,400 MXN

Salary Comparison by City

If you want to compare salaries with different cities in Mexico, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Acapulco 447,700 MXN
Acuna 357,700 MXN
Aguascalientes 448,500 MXN
Boca del Rio 327,800 MXN
Buenavista 363,000 MXN
Campeche 352,000 MXN
Cancun 440,200 MXN
Celaya 413,900 MXN
Chalco 317,700 MXN
Chetumal 313,700 MXN
Chicoloapan 339,100 MXN
Chihuahua 451,000 MXN
Chilpancingo 341,400 MXN
Chimalhuacan 430,000 MXN
Cholula de Rivadabia 349,300 MXN
Ciudad Apodaca 420,100 MXN
Ciudad del Carmen 345,700 MXN
Ciudad Juarez 314,500 MXN
Ciudad Lopez Mateos 421,400 MXN
Ciudad Obregon 394,500 MXN
Ciudad Santa Catarina 365,400 MXN
Ciudad Valles 301,700 MXN
Ciudad Victoria 397,900 MXN
Coacalco 401,300 MXN
Coatzacoalcos 341,900 MXN
Colima 308,900 MXN
Cordoba 297,000 MXN
Cuautitlan Izcalli 433,800 MXN
Cuautla 315,700 MXN
Cuernavaca 382,600 MXN
Culiacan 448,500 MXN
Delicias 301,600 MXN
Durango 407,300 MXN
Ecatepec de Morelos 501,400 MXN
Ensenada 375,200 MXN
Fresnillo 288,700 MXN
General Escobedo 394,500 MXN
Gomez Palacio 378,300 MXN
Guadalajara 491,000 MXN
Guadalupe 460,500 MXN
Guaymas 281,500 MXN
Hermosillo 472,000 MXN
Hidalgo del Parral 273,300 MXN
Iguala 308,300 MXN
Irapuato 413,900 MXN
Ixtapaluca 378,300 MXN
Jiutepec 330,900 MXN
La Paz 345,700 MXN
Leon 491,000 MXN
Los Mochis 383,300 MXN
Los Reyes la Paz 384,500 MXN
Manzanillo 294,700 MXN
Matamoros 424,900 MXN
Mazatlan 424,900 MXN
Merida 433,400 MXN
Metepec 341,900 MXN
Mexicali 430,500 MXN
Mexico City 464,400 MXN
Minatitlan 296,000 MXN
Monclova 340,400 MXN
Monterrey 447,700 MXN
Morelia 431,100 MXN
Naucalpan 455,400 MXN
Navojoa 283,400 MXN
Nezahualcoyotl 475,700 MXN
Nogales 341,900 MXN
Nuevo Laredo 419,400 MXN
Oaxaca 382,600 MXN
Ojo de Agua 349,300 MXN
Orizaba 299,500 MXN
Pachuca 367,900 MXN
Piedras Negras 322,600 MXN
Playa del Carmen 325,900 MXN
Poza Rica 345,700 MXN
Puebla 480,300 MXN
Puerto Vallarta 330,700 MXN
Queretaro 419,400 MXN
Reynosa 415,900 MXN
Salamanca 308,300 MXN
Saltillo 466,300 MXN
San Cristobal de las Casas 349,300 MXN
San Juan del Rio 318,800 MXN
San Luis Potosi 454,900 MXN
San Luis Rio Colorado 325,600 MXN
San Nicolas de los Garza 421,400 MXN
San Pablo de las Salinas 349,300 MXN
San Pedro Garza Garcia 277,400 MXN
Soledad de Graciano Sanchez 365,400 MXN
Tampico 394,300 MXN
Tapachula 344,600 MXN
Tehuacan 353,600 MXN
Tepic 394,500 MXN
Tijuana 467,700 MXN
Tlalnepantla de Baz 440,200 MXN
Tlaquepaque 437,900 MXN
Toluca 409,000 MXN
Tonala 394,300 MXN
Torreon 451,000 MXN
Tuxtla Gutierrez 447,300 MXN
Uruapan 367,900 MXN
Veracruz 426,700 MXN
Villa Nicolas Romero 389,200 MXN
Villahermosa 398,300 MXN
Xalapa 404,600 MXN
Xico 381,800 MXN
Zacatecas 292,000 MXN
Zamora de Hidalgo 315,700 MXN
Zapopan 471,700 MXN

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