Are you contemplating a job in the capital goods sector? If you’re, you might choose a career in the capital goods sector because it offers many of the best paying jobs positions.
So, knowing the best paying jobs in capital goods would benefit you.
This article will go over the 20 best paying jobs in the capital goods industry, and other pertinent factors that will set anyone interested in a career in this field on the right path and convince them that choosing a career in this field is the right move.
Why Choose Capital Goods? Is Capital Goods a Good Career Path?
Anyone considering a career in engineering, manufacturing, or even business may profit from the potential offered by the capital goods sector.
Capital goods are bought to be utilized in the manufacturing operation; they are not purchased for usage.
Choosing a career in the capital goods sector is a wise move because all the best paying jobs in capital goods offer excellent salaries and contribute significantly to the economy’s growth.
Jobs in the capital goods industry come with many advantages, including income, career development opportunities, and benefits.
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What Are The Different Types Of Capital Goods Jobs?
According to Wikipedia.com, capital goods are one of three types of producer goods, along with land and labor. The three are also referred to as “primary factors of production” collectively.
There are different types of capital goods jobs; among them are:
- Manufacturing Manager
- Electrical Engineer
- Quality Control Manager
- Industrial Designer
- Engineering Manager.
The jobs listed above are only a few among the numerous best paying jobs in capital goods.
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The Benefits Of A Career In Capital Goods
A career in capital goods offers a lot of benefits; some of them are:
- Capital goods are a good retirement plan
- Capital goods offer vision insurance.
- Jobs in capital goods offer vacation days.
- Capital goods offer the reimbursement of tuition
- Workers in capital goods are covered by medical insurance.
- Workers in the capital goods industry are open to dental insurance.
The most thrilling part about this sector is the fact that each of the industries in capital goods offers the listed benefits and even more.
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How Many Jobs Are Available In Capital Goods Field?
There are a lot of job openings in the capital goods industry. And each of the job openings is among the best paying jobs in capital goods.
This industry has enough room to take new entry workers and workers who intend to get into specific positions.
Here are the best paying jobs in capital goods that stand out in 2022:
- Industrial Designer
- Electrical Designers
- Mechanical Designers
- Engineering Manager
- Quality Control Manager
- Sales Engineer
- Research And Development Manager
- Marketing Manager
- Research Methodology Manager
- Chief Risk Officer
- Director Of Finance
- Senior Mechanical Engineer
- Business Development Manager
- Computer-Aided Design Technicians
- Director Of Manufacturing
- Warehouse Workers
- Production Development Engineer
- Robotic Engineer
- Production Engineer
- Manufacturing Engineer
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20 Best Paying Jobs In Capital Goods In 2023
There are numerous numbers of best paying jobs in capital goods; 20 of them will be discussed in this section.
According to Wikipedia.com
Here are the best paying jobs in capital goods in 2022:
1. Industrial Designer
The service industry of design is where industrial designers work. They are masters at communicating visually.
Industrial designers are employed across various industries, including construction, manufacturing, healthcare, and retail.
The profession of industrial design requires a lot of creativity. The most exciting aspect of this employment is that the designers work with different types of clients, including retailers, manufacturers, and architectural firms, to name a few.
Average Salary: $100,846 per annum.
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2. Electrical Designers
Electrical designers earn a great salary. They work in power distribution, semiconductor, communication, electronics, and robotic fields.
There are a lot of job opportunities for electrical designers as they are open to working in small start-ups or even well-established and large corporations, and they are also highly needed worldwide. This makes them among the best paying jobs in the capital goods industry.
Average Salary: $96,515 per annum.
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3. Mechanical Designers
Mechanical designers work in oil and gas, mining, renewable energy, and manufacturing. Their salary largely depends on the field or sector they work in.
They also work in government establishments where their salaries are higher than average.
The job opportunities for these designers are quite varied because they are versatile and can work in different fields.
This is also in the list of factors that put them on the list of the best paying jobs in capital goods.
Average Salary: $102,894 per annum.
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4. Engineering Manager
Their basic duty is to manage a team or teams of engineers. They are responsible for overseeing the engineering team, schedules, and budget.
One main skill in engineering managers is their good communication skills. They also work in numerous fields.
Average Salary: $149,020 per annum.
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5. Quality Control Manager
These managers are saddled with the duty of ensuring that products meet the regulatory standards. The salary of a quality control manager varies; it depends on the industry and location.
Quality control managers must possess good communication skills and an excellent analytical understanding because they work hand in hand with engineering teams.
Average Salary: $117,776 per annum.
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6. Sales Engineer
They are responsible for boosting product sales and ensuring that the regulatory sales processes are effectively followed.
Sales engineers are required to possess good communication skills, and also possess a positive entrepreneurial spirit.
Average Salary: $114,643 per annum.
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7. Research And Development Manager
These managers are responsible for conducting research that helps discover new and developing products and integrate the existing products.
These managers work in advanced technological firms like aerospace production firms, automotive firms, defense production firms, and healthcare production firms.
Average Salary: $146,136 per year.
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8. Marketing Manager
This job is for those who enjoy marketing. Marketing managers must have great communication skills and be great at negotiation.
Marketing managers are needed worldwide as every firm could use a marketing manager.
Average Salary: $87,825 per year.
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9. Research Methodology Manager
They are saddled with the responsibility of conducting research that can decide means through which the duties of the other workers can be made more accessible and enhance production.
Research methodology managers work in every industry that requires research.
Average Salary: $73,093 per year
10. Chief Risk Officer
A chief risk officer’s responsibility is to recognize and assess possible hazards that can threaten the company’s efficiency.
A chief risk officer must be exceptionally logical, well-organized, and adept at establishing priorities.
Risk managers must also be open to working in various sectors, including energy, healthcare, and technology. This puts the chief Risk officer on the list of the best paying jobs in capital goods.
Average Salary: $203,777 per annum.
11. Director Of Finance
A finance director must be a master analyst with solid project management and communication abilities.
Every industry, including healthcare, technology, and manufacturing, employs directors of finance.
Average Salary: $170,888 per annum
12. Senior Mechanical Engineer
Operations planning for manufacturing products is the role of senior mechanical engineers. They sometimes have a bachelor’s degree in engineering and have been employed in the field for a while.
Average Salary: $124,397 per annum
13. Business Development Manager
Business development efforts should be planned, directed, and coordinated by business development managers.
They typically have several years of expertise and must have a BSc in business or a closely related field.
Average Salary: $98,797 per annum
14. Computer-Aided Design Technicians
They make use of CAD software in the development and manufacturing of capital goods.
Average Salary: $100,341 per year.
15. Director Of Manufacturing
Their main duty is to employ, supervise, manage, enforce factor safety requirements, and so on. They are highly paid, too; this puts them in the top positions among the best paying jobs in capital goods.
Average Salary: $150,213 per year
16. Warehouse Workers
Workers whose task encompasses replenishing merchandise, packaging, taking orders, getting things ready for delivery, and many other small and big jobs.
The task of a warehouse worker is quite interesting, even exciting, and it is undeniably desirable to sit on a chair from 9 to 5 staring at a computer screen.
It is indeed a profession that requires hustle and perseverance but is full of physical effort.
Average Salary: $50,320 per annum
17. Production Development Engineer
Manufacturing engineers in the United States are responsible for coordinating and directing the production of a product.
A baseline need for this employment is frequently a degree in
engineering.
Average Salary: $107,343 per annum
18. Robotic Engineer
Robotics engineers are saddled with the duty of designing automation tools. They are also at the top of the best paying jobs in capital goods.
Average Salary: $106,635 per year
19. Production Engineer
They are highly concerned with overseeing manufacturing and production processes.
Average Salary: $98,865 per year
20. Manufacturing Engineer
Manufacturing engineers are focused on the manufacturing process of products.
Average Salary: $98,310 per year.
How To Get A Job In Capital Goods
For anyone without a degree in engineering or a college degree, you still have a shot at landing any of the best paying jobs in capital goods.
All you have to do is enroll for a course in capital goods on either Coursera or Udemy; upon completion of the course, you’ll get a certificate that would fill the degree gap and the working experience needed in some of the sectors.
There are also opportunities for on-the-job training, usually organized by the Industries for both new and old workers.
After that, you can look for job openings in capital goods.
Skills Required For A Job In Capital Goods
One seeking to get any of the best paying jobs in capital goods must be aware and possess the required skills.
The needed skills to get any of the best paying jobs in capital goods
are:
- Good teamwork skills
- Dedication
- Resilience
- Passion
- Good technological skills
- Good communication skills
- Being able to think critically
- Problem-solving skills
What If You Don’t Have A Degree?
Anyone can get into this industry and thrive with or without a college degree; all you need is to be ready to do what’s necessary. For one without a college degree, you should have tech skills.
To get this, you can enrol for a free or paid course on either Coursera or Udemy; you would then search for courses on capital goods or the tech sphere. One without a college degree can also snatch the opportunity as they come.
There’s also an option to intern in any of the best paying jobs in capital goods because they always accept interns. All of these can supplement a college degree.
How Much Do Capital Goods Pay?
We have considered the best paying jobs in capital goods. However, it is pertinent to state that the pay largely depends on one’s position, work experience, years of service, and education certification.
According to salary.com, Capital Goods pays an average salary of $2,838,116, with salaries ranging from $2,484,210 to $3,270,706.
However, individual salaries will, of course, vary depending on the job, department, and location, as well as each employee’s individual skills and education.
If you come in through the entry-level position, you will earn less. But one interesting part about capital goods is that you tend to climb up the ladder swiftly if you are dedicated. So the higher they progress, the fatter their paycheck.
FAQs On Best Paying Jobs In Capital Goods
Is a career in capital goods a good choice?
How much can I make from a job in capital goods?
Can someone with tech skills get a job in capital goods?
How Many Jobs Are Available In Capital Goods Field?
What are the Best Paying Jobs In Capital Goods In 2023?
Industrial Designer
Electrical Designers
Mechanical Designers
Engineering Manager
Quality Control Manager
Sales Engineer
Research And Development Manager
Marketing Manager
Research Methodology Manager
Chief Risk Officer
Director Of Finance
Senior Mechanical Engineer
Business Development Manager
Computer-Aided Design Technicians
Director Of Manufacturing
Warehouse Workers
Production Development Engineer
Robotic Engineer
Production Engineer
Manufacturing Engineer
Conclusion
We have successfully discussed the best paying jobs in capital goods. If you have the right qualifications and training, you are well set to get any of the best jobs mentioned above.
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- 20 Best Paying Jobs In Capital Goods In 2023
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