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Caterpillar

Caterpillar

Produces heavy construction and mining equipment

Engineering Rotational Program - Product Development

Full-TimePosted on 7/9/2026Deadline 8/15/26
$81.4k - $146.3k/yr

+ Incentive bonus

Entry
Bachelor's, Master's
Peoria, IL, USA+15 more

More locations: Houston, TX, USA | Griffin, GA, USA | West Fargo, ND, USA | Pontiac, IL, USA | Rapid City, SD, USA | Brooklyn Park, MN, USA | Clayton, NC, USA | Fort Worth, TX, USA | Decatur, IL, USA | Mossville, IL, USA | Sanford, NC, USA | Tucson, AZ, USA | Green Valley, AZ, USA | Lafayette, IN, USA | East Peoria, IL, USA

In Person

In-person five days per week. Relocation is available to those who qualify.

No H1B Sponsorship

About the job

Requirements
  • An ABET-accredited Bachelor's or Master's degree in Mechanical Engineering, Electrical Engineering, Computer Engineering, Agricultural Engineering, Aerospace Engineering, Engineering Technology, or a related technical discipline, with the degree obtained before starting.
  • A minimum cumulative grade point average of 3.0 on a 4.0 scale, with no rounding.
  • Candidates with prior professional work experience must have 12 months or less of such experience, excluding internships.
  • Willingness to relocate and travel as needed.
  • Analytical skills, initiating ideas, troubleshooting, root cause analysis, problem-solving, and critical thinking capabilities.
  • Knowledge of engineering principles, theory, and engineering experience gained through projects, internships, or relevant work experience.
  • Fundamental understanding of engineering for a manufacturing environment and the ability to design and implement materials, structures, machines, devices, systems, and processes that safely realize a desired objective or invention.
  • Ability to manage multiple projects simultaneously and quickly acquire and apply new skills and knowledge.
  • Ability to collaborate with others of diverse cultures, interpersonal styles, and abilities.
  • Strong written and verbal communication skills.
  • Completion of a Caterpillar Students & Graduates assignment, such as an internship, co-op, or student trainee, within the previous 24 months.
  • A resume and unofficial or official transcript must be attached to the application.
Responsibilities
  • Rotate through different teams and projects across a 12- to 18-month Engineering Rotational Development Program.
  • Design components and systems for Caterpillar products and collaborate with cross-functional teams from concept through production.
  • Conduct computational fluid dynamics, finite element analysis, three-dimensional modeling, system, subsystem, and component design optimization, structural dynamics, and performance development and optimization for engines, aftertreatment systems, batteries, fuel cells, powertrains, and machine systems.
  • Apply mechanical engineering knowledge in test and validation environments, troubleshoot issues, and collaborate to achieve results.
  • Develop and implement control system algorithms using MATLAB and Simulink, understand feature requirements, implement features, and test them before production rollout.
  • Design and test electronic control modules and electronic components; understand controller and component requirements; design printed circuit board layouts; perform digital, analog, and power circuit analysis and testing; work with suppliers; test controllers and components in varied environments; and conduct and document failure mode and effects analyses.
  • Develop embedded software in C, C-sharp, and/or C-plus-plus for electronic control modules, including Datalink communications, sensor and actuator inputs and outputs, speed calculation, injection and spark timing, memory management, central processing unit optimization, and multicore design and implementation.
  • Develop automation scripts in Python and Visual Basic.
  • Verify feature and control-system algorithm functionality using hardware-in-the-loop simulator benches or software-in-the-loop systems; understand requirements and schematics, debug and report anomalies, and validate fixes.
  • Write and understand computer code; apply analytics, data science, machine learning concepts and tools, engineering fundamentals, and statistics.
  • Apply mechanical, manufacturing, systems, and/or industrial engineering knowledge to analyze and optimize engineering processes.
Desired Qualifications
  • Involvement with a campus design or competition team or related experience.
  • Project or team leadership experience.
  • Previous technical internship, co-op, or relevant experience.
  • Excellent interpersonal and communication skills.
  • Intellectual curiosity, adaptability, and a willingness to learn by doing.

About the company

Caterpillar designs and manufactures heavy machinery and engines for construction, mining, energy, and rail projects. It sells heavy equipment, engines, parts, and services worldwide, and also provides financing options and aftermarket maintenance and repair. The company differentiates itself through its global scale, integrated sales-partssupport-financing ecosystem, and a large maintenance network that keeps customers’ fleets running. Its goal is to help customers complete large-scale projects safely, efficiently, and sustainably, while supporting communities and environmental responsibility through initiatives like the Caterpillar Foundation.

Company Size

10,001+

Company Stage

IPO

Headquarters

Irving, Texas

Founded

1925

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Simplify's Take

What believers are saying

  • On August 4, 2026, Caterpillar raised full-year revenue growth to mid-high teens.
  • Q2 2026 backlog hit $72.1 billion, with 59% scheduled within twelve months.
  • Power generation sales rose 72% on data-center demand, extending orders into 2029-2030.

What critics are saying

  • Reuters reported $2.2 billion of 2026 tariff costs after a $392 million Q2 recovery.
  • Bobcat's March 24, 2026 patent suit and Caterpillar countersuit threaten compact-equipment margins.
  • If data-center orders normalize after 2028, new turbine capacity faces painful underutilization.

What makes Caterpillar unique

  • Cat dealer network turns rental fleets and parts into sticky, local distribution.
  • Autonomy leadership spans haul trucks, excavators, dozers, and quarry deployments like Luck Stone.
  • Installed base and aftermarket services keep machines monetized long after first sale.

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Benefits

Annual incentive bonus plan

Medical, dental, and vision coverage

Paid time off plan (Vacation, Holiday, Volunteer, Etc.)

401k savings plan

Health savings account (HSA)

Flexible spending accounts (FSAs)

Disability benefits

Life Insurance

Parental leave

Healthy Lifestyle Programs

Employee Assistance Programs

Voluntary Benefits and Employee Discounts

Tuition Reimbursement

Career Development

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
Yahoo Finance
Sep 16th, 2026
Caterpillar stock falls 26% as $72B order book nears annual revenue amid data centre and construction demand questions

Caterpillar's shares have fallen 26% from their 52-week high, but the company holds a $72 billion order book, nearly matching its $74.7 billion in trailing twelve-month revenue. The backlog grew 92% year-over-year, with 59% expected for delivery within twelve months. Power & Energy drives growth, with second-quarter sales to power generation users up 72% on data centre demand. Lead times for gas engines extend into late 2028 and 2029. The company converted a Kansas plant in under twelve months to meet demand. Construction Industries saw sales to users grow 22% in the second quarter, the sixth consecutive quarter of growth. Management expects full-year 2026 growth despite anticipated dealer inventory reductions in the fourth quarter. The company is already taking orders into 2029 and 2030.

PR Newswire
Sep 15th, 2026
Luck Stone expands Caterpillar autonomous hauling to two new quarries after Bull Run success

Luck Stone is expanding its use of Caterpillar's autonomous hauling technology to two additional quarry sites in Virginia. The aggregates producer will deploy the system across fleets of Cat 775 trucks at its Boscobel and Bealeton locations, marking the first deployment of Caterpillar's autonomous solution on this truck model. The expansion follows a successful collaboration at Luck Stone's Bull Run site, where autonomous technology improved safety and production consistency whilst creating new skill development opportunities for workers. Caterpillar's autonomous trucks have collectively hauled over 13 billion tonnes and travelled more than 455 million kilometres with no reported injuries. The implementation is supported by local Cat dealer Carter Machinery and integrates with complementary technologies for loaders and other site equipment. Luck Stone, the largest family-owned aggregates producer in the US, views autonomy as a way to address industry challenges including safety, consistent production and talent development.

Yahoo Finance
Sep 11th, 2026
Caterpillar adds capacity betting on data centre demand through 2030

Caterpillar stock rose 94% over the past twelve months, driven partly by surging data center demand. Power generation sales to users grew 72% in the second quarter of 2026, with the Power & Energy segment booking $8.2 billion in sales. The company is racing to expand capacity, lifting new turbine production to 2.5 times 2024 levels. Lead times on gas prime power now extend to late 2028, with some orders placed as far out as 2030. However, analysts question whether data center demand will sustain through the decade. At $805 per share, Caterpillar's valuation assumes 17.4% annual revenue growth. Management expects new capacity to reach cash payback by decade's end, but aftermarket revenue from installed units won't materialise until after 2030. If data center orders cool before capacity investments pay off, growth could fall short of market expectations.

Yahoo Finance
Sep 2nd, 2026
Caterpillar partners with $400M-backed FieldAI to deploy AI and robotics across industrial sites

Caterpillar Inc. has announced a collaboration with FieldAI to deploy artificial intelligence, robotics, and digital twin technology across industrial jobsites and manufacturing facilities. The partnership combines Caterpillar's operational data and engineering capabilities with FieldAI's robot-agnostic autonomy software and foundation models. Initial applications include autonomous inspections, real-time digital twins of facilities, and situational awareness tools. The companies are using Nvidia accelerated computing and Nvidia Omniverse technologies to develop high-fidelity digital twins based on operational data. FieldAI has raised more than $400 million from investors including Bezos Expeditions, Khosla Ventures, Temasek, and NVentures. Caterpillar reported sales and revenues of $67.6 billion for 2025. No financial terms for the collaboration were disclosed.

BitRss
Sep 1st, 2026
Caterpillar secures new 364-day revolving credit facility with Citibank as agent

Caterpillar Inc. has entered into a new 364-day revolving credit facility dated 27 August 2026, according to an SEC filing. The agreement includes Caterpillar Inc. and several of its financial subsidiaries as borrowers, with Citibank serving as agent. Citibank, BofA Securities, JPMorgan Chase Bank, J.P. Morgan SE, Barclays Bank, MUFG Bank and Société Générale are joint lead arrangers and joint bookrunners on the facility. The agreement provides for revolving credit advances, local currency advances, Japan local currency advances and term loan advances. It includes financial covenants applicable to Caterpillar and Caterpillar Financial Services Corporation. The facility replaces a prior credit agreement and includes a guaranty from Caterpillar Financial Services Corporation.

INACTIVE