What Do Capital Goods Jobs Pay? – [20 Best Paying Jobs]
If you’re wondering what do capital goods jobs pay, you have come to the right place. The machines, structures, and other artificial manufacturing infrastructure required to produce the commodities you use every day are referred to as capital goods. By providing these production components, the capital goods sector ensures that manufacturers can meet customer demand.
Capital employment pays well for specialized technical abilities, whether you’re developing cars or producing machinery that makes parts. Because businesses rely on capital goods, these occupations are critical to the economy.
Engineers, production managers, and logistics managers, among others, play key roles in these professions.
This post will tell you what do capital goods jobs pay and what kind of education you need to get them.
What Are Capital Goods?
Capital Goods are items that are used in the manufacture of other items but are not included in the new product. Machine tools, industrial machinery, process plant equipment, construction & mining equipment, electrical equipment, textile machinery, printing & packaging gear, and so on are examples of Capital Goods.
In this article, we will go through the Top Best Paying Jobs in Capital Goods in depth. Employment in capital goods pays the most. You’ll be relieved to learn that this industry has a plethora of well-paying opportunities.
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What Companies Are in The Capital Goods Field?
- The automobile industry.
- Textile manufacturing.
- The chemical industry.
- Electronics manufacturing.
- Industry of machinery
- The steel industry.
- Industry of Construction
- Industry of energy, mining, and utilities
- Industry of Aerospace and Defense
Best Paying Jobs in Capital Goods
This question is difficult to answer because it involves various factors such as education, experience, and location. But we can look at some of the most common and highest-paying jobs in this field to figure out the best options and learn more about what do capital goods jobs pay.
1. Project Manager
In the capital goods industry, project managers generally earn six-figure incomes. They are in charge of overseeing project creation and implementation, as well as ensuring that projects are finished on time and within budget.
The average salary is $88,688.
2. Engineering Manager
Engineering managers coordinate, direct, and plan engineering projects in a capital goods organization. A bachelor’s degree in engineering and years of experience in the field is required for an engineering manager. This role also includes developing plans to strengthen the company’s engineering department.
Average Salary: $149,530
3. Marketing Manager
Marketing managers must understand the industry demands of capital goods enterprises. A marketing manager for capital goods companies creates, develops, and implements marketing strategies to attract new consumers and retain existing ones. Product pricing is a collaborative effort between salespeople and marketing managers.
Average Salary: $141,490
4. Sales Manager
In the capital goods industry, sales managers generally make six-figure incomes. They are in charge of supervising a sales staff and ensuring that they reach their quotas.
Average Salary: $132,290
5. Training and Development Manager
Training and development managers work for a capital goods company. They are in charge of developing and training other staff. This is a critical position since capital goods firms supply specialized items such as manufacturing technologies for the electronics sector or transportation infrastructure for the chemicals industry.
Average Salary: $115,640
6. Software Engineer
Technology employment, such as software developers, is important in the capital goods sector. Capital goods software engineers design computer tools and systems to help the company run more efficiently.
They are not directly involved in production factors, but they do help capital goods companies remain successful. A bachelor’s degree in computer science or a similar discipline is required for a software developer.
Average Salary: $110,140
7. Mechanical Engineer
Senior mechanical engineers are in charge of product production process planning and supervision. They often have a bachelor’s degree in engineering and have worked in the field for a number of years.
Average Salary: $92,000
8. Electrical Engineer
They create, expand, test, and supervise the manufacturing of electrical equipment such as electric vehicles, radar, navigation structures, communications systems, and energy-generating devices. Electrical engineers also develop the electric systems of automobiles and aircraft.
A bachelor’s degree in electrical engineering, electronics engineering, or a related engineering area is typically required for electrical and electronics engineers. Classroom, laboratory, and subject research are all part of a college program. Digital system design, differential equations, and electrical circuit theory are among the courses offered.
Average Salary: $92,547
9. Industrial Engineer
Industrial engineers are in charge of creating concepts for produced things such as automobiles, home appliances, toys, and so on. They blend art, business, and engineering to create visually pleasing things for humans. In terms of capital goods, a college degree in industrial design and some years of expertise are required to thrive in this profession.
Average Salary: $88,950
10. Product Development Engineer
Product design and manufacturing process control are the responsibility of production engineers. They frequently hold a bachelor’s degree in engineering and have extensive industry experience.
Average Salary: $82,000
11. Robotics Engineer
As the name implies, robotics engineers are specialists who work on the conception, design, testing, analysis, and maintenance of robots and their frameworks. A robotics engineer contributes to the creation of systems and equipment that replicate human movement.
Average Salary: $95,000
12. Warehouse Worker
Stocking things, packaging, arranging orders, preparing orders for delivery, and a range of other minor and major tasks. A hustling and hard labor job, but the function of a warehouse worker is rather interesting, even adventurous, and it is certainly preferable to sitting in a chair from 9 to 5 looking at a computer screen.
Average Salary: $31,519
13. Computer-Aided Design Technician
Business plan layouts and project designs are created by CAD designers. Graphics are created by CAD designers using technology and software. CAD designers must grasp technology, software management, technical standards, and the fundamentals of the building business.
CAD designers label their work with measurements and specifications, making any necessary changes. To manage novel ideas, a CAD designer must have excellent critical thinking and analytical skills.
Average Salary: $50,000.
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14. Customer Service Representatives
Customer service representatives are increasingly protecting manufacturing employment, support, and feedback concerns. The Customer service representatives may work in customer service departments, sales, or marketing, depending on the goods and sector.
Most are employed by a single organization, while some may assist consumers throughout the purchasing process. The highest-paid employees in the business include customer service agents, customer service managers, and customer service managers.
A high school diploma or GED is required for the position of Customer Service Representative. An associate’s or bachelor’s degree is not required for entry-level positions, but it is required for advancement.
Average Salary: $40,424
15. General Manager
This division is in charge of all of the company’s facilities and activities. Services and other activities such as relationships between the company’s facilities and team members, as well as interactions with the government, community, and other industries, are included.
Average Salary: $87,000
16. Human Resource Manager
HR managers supervise recruitment and selection processes, as well as establish and implement HR policies and procedures. They may also be involved in staff training and development as well as the employee onboarding process.
A Bachelor’s Degree in Human Resources or a related discipline, such as finance, business management, or education, is required for a Human Resource Manager.
Average Salary: $120,000
17. Quality Control Inspector
A quality control manager inspects and assesses capital goods products for flaws and assures they fulfill government specifications. Quality control inspectors help capital goods firms ensure a smooth production process and high-quality products by providing critical technical assistance.
A high school diploma is required for the position of Quality Control Inspector. An associate’s or bachelor’s degree is not required for entry-level positions, but it is required for advancement.
Average Salary: $40,460
18. Manufacturing Director
The manufacturing director collaborates closely with the rest of the executive team. He hires supervisors and managers and establishes workload goals. He is also in charge of ensuring that the factory fulfills the highest safety standards.
Average Salary: $200,000
19. Business Development Manager
In the capital goods market, business development managers generally make six-figure incomes. They are in charge of recognizing new business prospects and establishing strategies to capitalize on them.
Average Salary: $122,000
20. Credit Controller
As the economy improves, an increasing number of people begin to look for work. This is fantastic news for those in charge of determining whether a person has the necessary credit score to obtain a particular product or service.
Credit controllers may work in accounts payable, accounts receivable, or enterprise resource planning departments, depending on the product and industry. These are critical occupations in an industry where increased demand for a product might cause prices to rise.
Average Salary: $166,973
Is Capital Goods a Good Career Path?
Without a doubt! Working in the capital goods sector is a viable option. Young professionals looking to advance their careers while earning a consistent salary can consider working in the Capital Goods market.
Jobs in capital goods typically pay well and offer interesting everyday duties. Working in the capital goods sector necessitates a strong interest in the field.
If you’re thinking of entering the capital goods sector, be sure you’re well-versed in the field. Jobs in capital goods are usually unionized and have excellent union resources.
Employees at Capital Goods companies receive health insurance, pension schemes, and well-equipped health and exercise centers, among other benefits.
You should now know everything you need to know about what do capital goods jobs pay. If you want to work in the capital goods industry, you might need to be physically fit.
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How can I get the Best paying jobs in capital goods?
A degree in engineering and several years of experience in the sector are the best ways to gain a position in the capital goods market. However, there are also a variety of different ways to break into this area. You might start by seeking internships or entry-level work in the business. Alternatively, you might look for positions in similar industries such as sales, marketing, or business development.
Different Kinds of Goods
- Capital Good-Capital goods are tangible assets that one firm creates which in turn gets employed by the second business to make consumer goods. Examples include cars, machinery, equipment, buildings, vehicles, and tools.
- Non-durables consumer goods-Items that are finished quickly after use are called non-durables consumer products. Their age may possibly be a few years. For example, clothes, food products, cosmetics, pharmaceuticals, etc. fall under this category.
- Durable consumer goods-There are such items in this category that are utilized for a long period. Electronic equipment, fridges, ACs, washing machines, fans, vehicles, mobiles, etc. used in kitchens come in durables consumer products.
- Consumer durables-Our daily usage items and domestic items are termed consumer durables. From fridges, TV, and AC to packaged food, garments all come under consumer durables. Consumer durables can be split into two categories based on their consumption.
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What have we learned so far? We now know what capital goods are and what do capital goods jobs pay. But that’s not all! What’s even more essential is that you have a deeper sense of what it takes to land one of these high-paying positions.
Hopefully, this article will help you make the most of your talents, skills, and education, and have a great career in the capital goods business!
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Frequently Asked Questions (FAQs) about What Do Capital Goods Jobs Pay?
What kinds of jobs in capital goods pay well?
Senior mechanical engineers, marketing managers, sales managers, manufacturing engineers, electrical engineers, quality control inspectors, and industrial engineers are among the highest paid in this industry and frequently demand a degree in engineering and years of experience.
What are the pros of a job in capital goods?
What do capital goods jobs pay? Working in the capital goods sector offers various perks, including retirement planning, vision insurance, tuition reimbursement, vacation days, medical and dental insurance, etc.
What Kinds of Capital Goods Are There?
Electronics, machinery, chemicals, steel, textiles, and autos are all examples of diverse forms of capital goods.
Can I work in capital goods and make more than $100,000 a year?
You might be asking what capital goods occupations pay. Do they spend more than $100k annually?
Capital goods enterprises normally give lower compensation for entry-level employees, but as you gain expertise, you may be compensated more lavishly. You can indeed earn more than $100,000 annually working in capital goods. Senior managers, software developers, and engineers make above $100,000 yearly.
Can I get a tech job in the industry for capital goods?
Yes, capital goods firms also hire computer expertise like software developers. As manufacturing becomes increasingly automated, there will be more IT jobs in the capital goods sector.