Design to Cost Engineer

Abbott Design To Cost Engineer Opportunity

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You'll also have access to:

• Career development with an international company where you can grow the career you dream of.
• Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor's degree.
• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

The Design to Cost Engineer will support the development of cost-effective product designs by creating analytical cost models, simulations, and prototypes. This role works under the guidance of senior engineers to evaluate design alternatives, identify cost-saving opportunities, and contribute to data-driven decision-making across the product lifecycle.

What You'll Work On

• Build, maintain, and refine cost models and simulations to support design decisions
• Provide data-driven insights and design alternatives to engineering teams
• Assist in identifying cost-reduction opportunities through modeling, benchmarking, and analysis
• Collaborate with engineering, procurement, and manufacturing to gather inputs for model development
• Document, present, and communicate findings to support stakeholder decision-making
• Support Cost Forensic activities, including value engineering, benchmarking, supplier workshops, negotiations, and Statements of Work
• Track and report basic performance metrics related to cost modeling initiatives

Required Qualifications

• Bachelor's degree in Engineering or a related technical field
• 0–3 years of relevant experience (internships or co-ops applicable)
• Strong analytical, modeling, and problem-solving skills
• Basic project management and communication capabilities
• Ability to work effectively under the direction of senior engineers or project leads

Preferred Qualifications

• Exposure to cost modeling, value engineering, or cost analysis methodologies
• Experience working in cross-functional teams (engineering, procurement, manufacturing)
• Familiarity with data analysis or simulation tools
• Interest in supplier cost analysis, benchmarking, or negotiations
• Ability to clearly communicate technical findings to non-technical stakeholders

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives.

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The base pay for this position is $61,300.00 – $122,700.00. In specific locations, the pay range may vary from the range posted.