See some of the Best Paying Jobs In Capital Goods Industry below, as you journey through this article.
What are Capital Goods Industry Examples?
Capital Goods can be defined as those commodities that are utilized in the manufacturing of other goods but are not directly used into the new commodity. Examples of capital Goods include industrial equipment, process plant machinery, machine tools, mining and construction tools, printing equipment, textile and fabrics equipment, electrical equipment, and the list goes on.
Perhaps you’re looking for a comprehensive guide on the best paying jobs in capital Goods, we thoroughly explained the info you’re searching for, in this article. As you travel through the body of this post, you will get to learn about some of those well-paying job roles in the capital Goods Industry.
Maybe, if you’re also looking for the answer to “is capital Goods a good career path,” your curiosity will be fully satisfied as we answered all your possible questions.
Let’s dive into the rest of content, real quick!
What industries are in the capital Goods field?
There are numerous firms and companies in the capital Goods Industry. Some of them include:
- Textile industry
- Machinery industry
- Automotive industry
- Chemicals industry
- Electronics industry
You are quite fortunate if you are part of the human population seeking for a career in the capital Goods Industry. There are several options and endless possibilities in this industry. It all boils down to your personal talents and area of job expertise. You should be considerate enough to study more about economy subjects if you want to have a better career in this industry of discussion.
Do Capital Goods Jobs Pay well?
Yes, Capital Goods jobs do pay well enough. You can be earning a median income of $75,000 – $100,000 annually depending on your academic credentials, job experience and professional skills you have. Let’s make an example, statistics gathered from Salary.com shows that a Senior Engineer in the United States earns between $130,000 and $160,000 per year.
Can Stocks be referred to as Capital Goods?
No, a unit of stock can not be referred to as a capital good. Why? A commodity must be a man-made, tangible item utilised in the creation of other goods, products or services. Stock shares are not tangible goods, and therefore cannot be referred to as Capital Goods.
How Can a Business invest into Capital Goods?
An investment into Capital Goods happens when businesses and firms acquire tangible products such as machinery, buildings, vehicles, equipments, and tools. These items are then used in the production of other final goods or services. Sometimes, capital investments are channels through which a company expands its business objectives.
Now, let’s take a look at some of the best paying jobs in capital goods industry.
The Best Paying Jobs in Capital Goods
Some of the highest paying job roles in the capital goods industry are highlighted as follow:
1. Senior Mechanical Engineer
Senior mechanical engineers are pivotal in the planning and supervision of production processes. Most of her times, they possess bachelor’s degrees in engineering disciplines and are believed to have work in the industry for good number of years before attaining the position of a Senior Engineer. The annual median salary for Senior Mechanical Engineers is $95,000.
2. Sales Engineer
The job responsibility of a sales engineer is to market the company’s product to potential customers. Just like Senior engineers, they mostly possess Bachelor’s degree in engineering disciplines and have gained adequate work experience in the field. The average salary for Sales Engineers is $85,000.
3. Industrial Designer
Being an Industrial Designer places you in one of the best paying jobs in capital goods. The work of a Industrial product designer is to conceptualize and develop new products. Traditionally, they have university degrees in industrial designing plus adequate years of experience in the field. An industrial designer, in the United States, is reported to be earning an average of $76,000 per year.
4. Marketing Manager
The responsibilities of marketing managers entails the co-ordination, direction, and planning of a company’s marketing efforts. Usually, they have university degree in marketing or any other related field. Also, they are usually equipped with several years of professional work experience.
5. Business Development Executive
A business development executive are entrusted to lead, plan and coordinate the business expansion and development activities of a company. They often possess a university degree in business administration or any other related discipline. In addition, they possess numerous work experience. The average salary of a Business Development Manager, in the United States, is $100,000 per year.
6. Engineering Manager
When it comes to the planning and supervision of a company’s technical and engineering efforts, the role of an Engineering Manager comes into play. They are usually required to have a Bachelor’s degree in any engineering discipline, and must have worked for good number of years in the field. The average annual salary for an Engineering Manager is $105,000.
7. Computer Aided Design (CAD) Technicians
They are responsible for the development and manufacturing of products using CAD software. They earn an average annual salary of $55,000 in the United States.
8. Research and Development (R&D) Manager
R&D Managers are involved in the planning and coordination of a company’s research activities. They are often expected to possess university degrees in engineering or any other related field, and should have gainful work experience for multiple years. The average salary for a research and development manager is $90,000, in the United States.
9. Manufacturing Manager
They are saddled with roles directly focused on industrial process flow and equipment’s layout. Manufacturing managers have an high yearly income of $105,000.
10. Warehouse Personnel
This is a personnel whose responsibilities entails storing goods, placing orders, delivery preparation, products’ packaging and other minor tasks. The work of a warehouse personnel might be interesting and adventurous, although it comes along with hard labour and long hours of work. The average salary of a Warehouse worker lies around $50,000 per year.
11. Manufacturing Director
They are usually involved in staff recruitment, supervision, management, enforcement of compliance to company policies and so on. Manufacturing directors earn an high average salary of $250,000 per year, in the United States.
12. Manufacturing Engineer
These category of engineers are saddled with the tasks of planning and overseeing a particular product’s production process. Most often, they have university degrees in engineering disciplines and have enough work experience. In the United States, the average annual salary for a manufacturing engineer is $85,000.
13. Robotics Engineer
Their job roles entail design and development of automation equipment and industrial robots. Robotics engineers earn an average annual salary of $95,000.
14. Quality Control Manager
They are in charge of enforcing compliance to quality standards as required by the company’s quality guidelines. Traditionally, they possess university degrees in engineering and have gainful, professional work experience. For Quality Control Managers, the average annual salary is $90,000.
How to get the Best Paying Jobs in Capital Goods
How can I get employed for one of the high paid jobs in capital goods?
The most efficient way of getting gainfully employed in the capital goods industry is by getting a Bachelor’s degree in engineering, and then getting 5-6 years of job experience. Nevertheless, one can also build a foundation in the field by applying for internships or entry-level job roles in the capital goods industry.
You can also seek for alternative jobs in similar roles such as business development, marketing or sales. The sky is quite wise enough for everyone to fly, in this particular industry.
ALSO READ: How Many Jobs Are Available In Capital Goods (2022)
Bottom Line — Best Paying Jobs in Capital Goods
At the end of this article, we believe that you have gotten sufficient answers to every question of yours.
If you’re seeking for a career in capital goods, the 14 entry level jobs that pay well highlighted herein should be good options for you to start with.
Most importantly, capital goods is a good career path for you, especially when you have plenty professional experience in the field.
Best Paying Jobs in Capital Goods Industry
Best Paying Jobs in Capital Goods Industry
Best Paying Jobs in Capital Goods Industry
Best Paying Jobs in Capital Goods Industry
Best Paying Jobs in Capital Goods Industry
Best Paying Jobs in Capital Goods Industry
Best Paying Jobs in Capital Goods Industry