Design to Cost Engineer

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 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.

• 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

• 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

• 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