looking for best paying jobs in capital goods? Then this content is for you. Below you will find the list of the best-paying jobs in the capital goods.
Here is a list of the highest-paying capital goods jobs, whether you wish to work in the industry as a career or are simply searching for a new position. Let’s first discuss what is meant by the term “capital goods.”
What Are Capital Goods?
Capital goods are tangible assets purchased for use in the production of other products or services. Capital goods make up the majority of items used to create other products or services.
Jobs in capital goods are on the rise. The increasing demand for more automation is driving the growth of these jobs in the workplace.
Capital goods are products that are used as inputs to produce other products. They can be tangible or intangible and include raw materials, machinery, and other equipment.
The benefits of a career in capital goods can be seen through its high pay, job security, and future prospects.
Capital goods can be used in a variety of industries. For example, they can be used to produce machines that produce other products, or they can help with the production of materials for construction.
The best-paying jobs in capital goods are those that involve managing these products and services.
1. Engineering Managers
In a business that manufactures capital goods, engineering managers coordinate, oversee, and plan engineering projects. A bachelor’s degree in engineering and years of experience are prerequisites for becoming an engineering manager.
Another aspect of this position is creating ideas to enhance the company’s engineering department.
This position is among the highest paying in the capital goods industry, with an average annual salary of $141,530 as of June 15, 2022.
Between one and five years are the typical project durations for capital goods, during which the products are routinely produced and transported. Planning for a manufacturing plant’s long-term expansion or upkeep is made feasible by this position.
Project managers, project engineers, and positions at the project manager level are some of the highest-paying positions in project management.
$87,000 annually is the average salary.
3. Quality Control Manager
A quality control manager monitors workers and the production process to ensure that products fulfill requirements for efficiency and quality.
To ensure that the finished products satisfy the standards and expectations of the consumers, the person in charge of quality control also works with them.
$71,275 is the average yearly salary
4. Marketing Manager
For businesses that offer capital products, marketing managers are responsible for creating, implementing, and evaluating strategic marketing campaigns to attract new clients and retain existing ones.
The pricing of a product on the market is decided by the marketing and sales managers working together.
$140,990 is the average yearly salary.
5. Training and Development Manager
Managers of training and development work for a firm that produces capital goods. They are responsible for educating and advancing new hires.
Due to the specialized products that capital goods businesses market, such as manufacturing technology for the electronics sector or transportation infrastructure for the chemicals industry, this is a crucial position.
$116,560 is the average yearly wage.
6. Sales Manager
Sales managers are in control of a team of salespeople tasked with promoting a firm’s goods. They must have extensive manufacturing knowledge if they intend to market capital goods.
A sales manager needs a bachelor’s degree in economics, business, or a technical specialty to calculate an item’s opportunity cost and marginal cost.
$135,190 is the average yearly salary.
7. Mechanical Engineer
A mechanical engineer creates, constructs, and tests the equipment used to manufacture capital goods. When designing equipment, mechanical engineers ensure they adhere to client requests or industry norms.
The technical expertise of mechanical engineers is particularly significant in the capital goods sector.
$91,000 is the average yearly wage.
8. Management Analyst
A management analyst recommends methods to boost productivity in a company that manufactures capital goods.
They develop better ways to create products by examining financial records and industrial data. The economy as a whole benefit from this.
$85,760 is the average yearly wage.
9. Manufacturing Director
The rest of the executive team and the director of manufacturing collaborate frequently. He establishes goals for how much work should be accomplished and appoints managers and supervisors.
He is also in charge of ensuring that the factory complies with the highest safety standards.
$200,000 is the average yearly salary.
10. Credit Controller
More and more people begin looking for a job when the economy improves. This is excellent news for those who determine whether a person has the necessary credit score to obtain a particular good or service.
Credit controllers may be employed by the accounts payable, accounts receivable, or enterprise resource planning divisions, depending on the product and sector.
These are crucial positions in a sector where increased demand for a product may result in higher prices.
$167,000 is the average yearly wage.
11. Customer Service Representative
More and more, customer service experts are being utilized as a safeguard against issues with support and feedback for entry-level manufacturing positions.
Customer service representatives may work in customer service departments, sales departments, or marketing departments, depending on the product and industry.
The majority of them work for a single organization, while some may cross departments to assist clients in making purchases.
Customer service agent, manager, and manager-level positions are the highest-paying positions in the sector.
$41,312 is the average yearly wage.
12. Software Engineer
Businesses that deal in capital goods depend on technology-related jobs, such as those for software developers. One of the paying positions in capital goods is that of a software developer.
The tasks include creating computer programs and apps that increase the efficiency of the business’s operations.
Despite not being directly involved in the production processes, they help companies in the capital goods sector to continue to be successful.
Software engineers make an average yearly pay of $109,000.
One of the most rapidly expanding job boards is Capital Goods Jobs. It is a job market with a focus on locating qualified individuals for a range of manufacturing-related occupations. In the twenty-first century, it’s a wise professional choice.
Frequently Asked Questions On Capital Goods
Is Capital Goods a Good Career Path?
Yes, A lucrative industry to work in is capital goods. Graduates can find employment in a variety of disciplines thanks in large part to the capital goods sector of the economy.
By creating and constructing the equipment that modern economies rely on, like automobiles, power plants, and many other items, you may contribute to helping people do their jobs more effectively and making the world go around.
What Are Examples of Capital Goods?
Electronics, machinery, chemicals, steel, textiles, and automobiles are a few examples
of capital goods.
Do Capital Goods Jobs Pay?
Yes, You can make an average of $50,000 to $90,000 each year, depending on your education, talents, and experience. For instance, statistics reveal that an American manufacturing director makes between $155,054 and $200,000 annually.