Ever wondered what the best paying jobs in capital goods are, check out our list.
Getting a high-paying job is something a lot of people yearn for. Here, we are looking at the best paying jobs in the capital goods sector. There are several jobs available in this sector, but there are jobs that pay more, provided an individual possesses the right skill for it.
If you are trying to get a job in the capital goods sector, you should know the best paying jobs in the industry. In the capital goods sector, there are job positions with good paychecks.
Now one thing you must know is that you need to study and develop the skills for these high-paying positions. A career in the capital goods sector is quite lucrative considering the annual salary.
In this guide, we will be looking at the best paying jobs in the capital goods sectors. Before we go into details, let’s look at what a capital goods job is.
What Is a Capital Goods Job?
A capital goods job is a career that is related to the manufacturing industry. It could involve the production of physical assets like computers or machinery or the production of any other material.
The most common capital goods jobs are in manufacturing. It involves the production of consumer goods such as food and clothing.
What Are Capital Goods?
Generally, capital goods are used in the production of other goods. The goods and services manufactured by businesses and sold to consumers are known as consumer goods. An example of such goods includes food, beverages, devices, and clothing.
So the assets used in the production and distribution of consumer goods are capital goods. An example of capital goods includes machinery, equipment, tools, buildings, vehicles, etc.
Capital goods can also be referred to as consumer goods. For instance, if a worker decides to use a company’s vehicle for personal use, it becomes consumer goods. When the same vehicle is used by the company, it becomes capital goods.
So this is what happens when a company vehicle is used for different purposes.
The capital goods industry consists of large production companies. Companies produce tools, gears, and equipment of all sizes. The equipment, machinery and vehicles are used to manufacture consumer goods.
Also Read: Jobs That Don’t Require A College Degree
Are Capital Goods Jobs a Good Career Path?
Are capital goods jobs a good career path is a question that deserves an honest answer. The truth is that capital goods jobs are great career paths and here is why.
Capital goods jobs involve manufacturing, engineering, business, etc. A company needs a team of experts with expertise in engineering, manufacturing and business to function. The production of goods is a process that needs a collective effort of qualified individuals.
A company cannot function if there are no experts to design and produce products.
We all know that some of the higher-placement jobs require a bachelor’s degree or a master’s degree. Companies will require these college degrees if you want a job position in management or engineering.
But not to worry as there are jobs that only require a high school diploma or an associate degree. With your high school diploma, there is a job position available for you in this industry.
Some companies will consider skill and experience over formal education if need be. So if you have an experience in a specific working field, there are companies out there that can employ you.
List of the Best Paying Jobs in Capital Goods
Before we go into detail, here is our list of best paying jobs in capital goods.
- Computer-Aided Design Technicians
- Research and Development Manager
- Manufacturing Manager
- Warehouse Worker
- Senior Mechanical Engineer
- Sales EngineerIndustrial Designer
- Marketing Manager
- Business Development Manager
- Director of Manufacturing
- Engineering Manager
- Quality Control Manager
- Product Development Engineer
- Manufacturing Engineer
- Robotics Engineer
15 Best Paying Jobs in Capital Goods
Here are the best paying jobs in capital goods with average annual income.
#1. Computer-Aided Design Technicians
Average Annual Salary: $53,062
Computer-aided design technicians are experts who create designs and structures in digital rendering which their company uses to produce products. Their job involves creating a technical and interactive drawing.
Computer-aided design technicians are responsible for creating designs for buildings, cars, and other physical products. Their skills are required in companies to design products.
Their skills are valuable when it comes to designing physical products. Computer-aided design technicians are experts with computer skills.
#2. Research and Development Manager
Average Annual Salary: $147,036
Research and development managers are responsible for monitoring research and development strategies and implementation.
Research and development managers consider the best interest of their company. They are also in control of research projects in their company. They also elaborate on matters concerning research with their company or employees.
A research and development manager is an expert with skills and in this industry, they earn huge amounts as annual income.
#3. Manufacturing Manager
Average Annual Salary: $151,399
If you are searching for a high-paying job in capital goods, perhaps you should consider becoming a manufacturing manager. Manufacturing managers earn huge amounts of money as an annual salary. Their average annual income is over $12,000.
So what is the job of a manufacturing manager?
Manufacturing managers are in control of many parts of the manufacturing business. Whether it’s planning or organizing to evaluating different operations, manufacturing managers are in charge of manufacturing business.
They are often needed in manufacturing companies. Manufacturing managers are individuals with expertise in manufacturing. They oversee the production of goods and they also ensure the goods are of high quality before they are sent to the market.
Manufacturing companies are always searching for the best manufacturing managers to take up positions available.
#4. Warehouse Worker
Average Annual Salary: $32,165
This is a position in the capital goods industry that does not require a bachelor’s degree or a master’s degree.
When shipments arrive in manufacturing companies, warehouse workers will ensure each package is kept in the right place. Their job also includes sending different shipments.
Warehouse workers are also in charge of inventory and waste from packaging store materials. This might not be a high-paying job, but with $32,000 as an annual salary, some could consider it.
The job involves working long hours and companies are always searching for warehouse workers. Anyone with a high school diploma can be employed as a warehouse worker.
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#5. Senior Mechanical Engineer
Average Annual Salary: $98,840
To get this job in the capital goods industry, you must have a bachelor’s degree in mechanical engineering.
Senior mechanical engineers are professionals in charge of performing research in companies. They intend to improve mechanical and electrical systems.
In some cases, senior mechanical engineers are required to lead specific projects. Their skills are required by companies as they are valuable in the industry.
Becoming a senior mechanical engineer requires a lot of experience and skills. You will need to present your resume to companies, showing years of experience and skills.
#6. Sales Engineer
Average Annual Salary: $98,840
Next on our list of best paying jobs in capital goods is sales engineer. The requirement to get this job position is a bachelor’s degree in mechanical engineering, electrical engineering or business administration.
The job of a sales engineer involves marketing and selling goods. A sales engineer should know how to sell products to customers. Influence customers’ decision to purchase a product.
A sales engineer should possess the skill to convince customers about a specific product.
Besides their regular salary, sales engineers also earn commissions.
#7. Industrial Designer
Average Annual Salary: $56,059
Industrial designers create product designs for different types of products. Their job is similar to that of a computer-aided design technician. This job pays close to $100,000 a year, and you must have a bachelor’s degree in graphic design, industrial design or product design.
An industrial designer can design anything from furniture to cars or electronics. Their skills are needed in companies to help create designs for products.
Industrial designers create and design prototypes for companies, so their skills are valuable in the capital goods industry.
#8. Marketing Manager
Average Annual Salary: $142,170
Marketing managers are in control of the marketing department of a company. It’s their job to ensure that the marketing department flourishes.
A manufacturing company needs a marketing manager to distribute and sell products to consumers. Marketing managers are in control of managing as well as organizing a marketing strategy to generate demands for products and services.
Marketing managers are the brain behind the connection of customers with a company’s product. To get this job position, you must have a bachelor’s degree in marketing or business administration.
#9. Business Development Manager
Average Annual Salary: $100,447
Business development managers are experts with years of experience in marketing. Companies rely on business development managers to forecast sales revenue and negotiate business deals with clients.
A business development manager is indeed valuable to a company. They offer advice to their company on products and investments.
If you intend to become a business development manager, you must have a bachelor’s degree in business or management.
#10. Director of Manufacturing
Average Annual Salary: $143,954
Director of manufacturing is one of the best paying jobs in capital goods. The requirement for this job position is a bachelor’s degree in business, mechanical engineering or electrical engineering.
So what is the job of a director of manufacturing?
A director of manufacturing is someone who is in charge of manufacturing products in the industry. The job of a director of manufacturing is to ensure that production and performance are up to the company’s standards.
It’s also the job of a director of manufacturing that workers are in a safe working environment.
Earning over $130,000 as an annual salary, directors of manufacturing are one of the highest earners in this industry.
#11. Engineering Manager
Average Annual Salary: $141,280
The job of an engineering manager is to create concepts for new projects. It’s the responsibility of an engineering manager to plan and ensure that projects are successful.
For a project to be successful, several departments need to work together to achieve it. Employees of various departments working on a project are all under the supervision of engineering managers.
Getting this job requires years of experience and a bachelor’s degree in engineering.
#12. Quality Control Manager
Average Annual Salary: $115,952
The job of a quality control manager is to ensure that products meet the required standard of a company. Quality control managers examine the production process and what is important to them is the quality of the product.
Every manufacturing company has a standard for quality. A quality control manager must ensure that products are up to standard based on the company’s policies.
This is one of the best paying jobs in capital goods and it requires a bachelor’s degree in quality assurance, business, statistics, or engineering.
#13. Product Development Engineer
Average Annual Salary: $70,000
Production development engineers are in charge of handling various designs and prototypes.
To become a product development engineer, you must possess the right design skills. You must a bachelor’s degree in mechanical or electrical engineering if you are interested in this job.
Also Read: 25 Best Schools For Engineering in the World
#14. Manufacturing Engineer
Average Annual Salary: $75,861
When it comes to designing, directing, and coordinating manufacturing materials, manufacturing engineers are in charge.
Manufacturing engineers assist companies to find the most efficient and less expensive process for getting high-quality products. They help companies get the best deals and also ensure that workers are in a safe working environment.
#15. Robotic Engineer
Average Annual Salary: $62,938
The job of a robotic engineer is to create and manufacture robotics technology. In today’s industry, robotics is part of the production process.
Robotics engineers in this industry are experts with bachelor’s degrees.
Frequently Asked Questions
Below are frequently asked questions about the best paying jobs in capital goods.
What are the best paying jobs in capital goods?
If you wish to get the best paying jobs in capital goods, you must have a bachelor’s degree in engineering with years of experience. The best paying jobs in capital goods include senior mechanical engineer, manufacturing engineer, electrical engineer, industrial designer, quality control manager, etc.
How can I get the best paying jobs in capital goods?
Firstly, you need a bachelor’s or a master’s degree in engineering. You also need years of work experience to get these high-paying jobs.
Conclusion
The capital goods industry is vast and there are several job positions with good paychecks. If you want to get the best paying jobs in the industry, you need years of work experience and a bachelor’s degree in engineering.
Now you know the best paying jobs in capital goods, all you have to do is meet the requirement for these jobs.
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