What Do Capital Goods Jobs Pay?
If you’re wondering what do capital goods jobs pay, you have come to the right place. Capital goods are the machines, buildings, and other man-made things that are needed to make the things you use every day. By providing these production parts, the capital goods sector makes sure that manufacturers can meet consumer demand.
Capital good jobs pay well if you have specialized technical skills, whether you design cars or make equipment that makes parts. Because businesses need capital goods, these jobs are very important to the economy. People who work as, among other things, engineers, production managers, and logistics managers are very important to these fields.
This post will tell you what do capital goods jobs pay and what kind of education you need to get them.
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What Are Capital Goods?
Capital Goods are things that are used to make other things but are not themselves made into the new thing. Machine tools, industrial machinery, process plant equipment, construction and mining equipment, electrical equipment, textile machinery, printing and packaging machinery, and so on are all examples of Capital Goods.
In this article, we’ll go into detail about the Top Best Paying Jobs in Capital Goods. Jobs with the highest pay are in capital goods. You’ll be happy to hear that there are a lot of well-paying jobs in this industry.
What Companies Are in The Capital Goods Field?
- The car business.
- Textile business.
- Chemicals business.
- The electronics business.
- The machinery business.
- Steel business.
- Building and Construction
- Energy, mining, and the utility business
- Industry for Aerospace and Defense
Best Paying Jobs in Capital Goods
This question is hard to answer because it depends on a lot of things, like 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 business, project managers usually make six-figure salaries. They are in charge of making sure that projects are developed and put into action and that they are finished on time and on budget.
Average Salary: $88,688
2. Engineering Manager
In a company that makes capital goods, engineering managers set up, run, and plant engineering projects. An engineering manager needs a bachelor’s degree in engineering and many years of experience in the field. In this job, you also have to come up with ways to improve the company’s engineering department.
Average Salary: $149,530
3. Marketing Manager
Marketing managers must know what the needs of the capital goods industry are. A marketing manager for a business that sells capital goods plans, creates and runs marketing programs to bring in new customers and keep the ones they already have. When setting prices, salespeople and marketing managers work together.
Average Salary: $141,490
4. Sales Manager
In the capital goods business, sales managers usually make six-figure salaries. They are in charge of leading a group of salespeople and making sure they meet their sales goals.
Average Salary: $132,290
5. Training and Development Manager
A company that makes capital goods hires people to be in charge of training and development. They are in charge of helping other employees learn and grow. This is a very important job because capital goods companies sell things like manufacturing technology for the electronics industry or transportation infrastructure for the chemicals industry.
Average Salary: $115,640
6. Software Engineer
Jobs in technology, like those of software developers, are important to the capital goods sector. In the capital goods sector, software developers make computer apps and programs that help the company run better.
They don’t directly help make things, but they do help companies that make capital goods stay profitable. A bachelor’s degree in computer science or a related field is required to be a software developer.
Average Salary: $110,140
7. Mechanical Engineer
Senior mechanical engineers are in charge of making plans and keeping an eye on how products are made. Most of the time, they have a bachelor’s degree in engineering and have worked in the field for a few years.
Average Salary: $92,000
8. Electrical Engineer
Electrical engineers create, improve, test, and oversee the making of electrical equipment like electric cars, radar, navigation structures, communications systems, and devices that make energy. They also make the plans for electric systems in cars and planes.
Electrical and electronics engineers usually need a bachelor’s degree in electrical engineering, electronics engineering, or a related engineering field. Classes, lab work, and research are all part of college programs. Differential equations and electrical circuit theory are taught in some courses.
Average Salary: $92,547
9. Industrial Engineer
Industrial engineers are in charge of coming up with ideas for things that are made, like cars, home appliances, toys, etc. They use art, business, and engineering together to make products that look good to people. For capital goods, you need a bachelor’s degree in industrial design and a few years of experience to do well in this job.
Average Salary: $88,950
10. Product Development Engineer
Production engineers are in charge of designing products and keeping track of how they are made. They usually have a bachelor’s degree in engineering and a lot of experience working in the industry.
Average Salary: $82,000
11. Robotics Engineer
As the name suggests, robotics engineers are experts who come up with ideas, design, test, analyze, and take care of robots and their parts. A robotics engineer helps make machines and systems that move as people do.
Average Salary: $95,000
12. Warehouse Worker
A person whose job is to stock items, package them, place orders, get orders ready for delivery, and do many other small and big tasks. A warehouse worker has to hustle and do a lot of hard work, but the job is interesting and even exciting, and it’s better than sitting in a chair from 9 to 5 and staring at a computer screen.
Average Salary: $31,519
13. Computer-Aided Design Technician
Computer-aided design technicians make layouts for business plans and designs for projects. CAD designers make graphics with the help of technology and software. CAD designers need to know about technology, how to manage software, engineering standards, and the basics of the building industry.
Computer-aided design technician labels their work with dimensions and requirements and makes any changes that are needed. To manage new solutions, a CAD designer needs to be good at critical thinking and analysis.
Average Salary: $50,000.
14. Customer Service Representatives
More and more, people who work in customer service are protecting manufacturing employment, support, and feedback issues. Customer service representatives may work in customer service departments, sales departments, or marketing departments, depending on the product and industry.
Most of them work for a single company, but some may help customers during the buying process. The people who make the most money in the industry are customer service agents, customer service managers, and customer service managers.
For the Customer Service Representative job, you need a high school diploma or GED. For entry-level jobs, you don’t need an associate’s or bachelor’s degree, but you do need one to move up in your career.
Average Salary: $40,424
15. General Manager
This part of the company is in charge of all of its facilities and activities. Which includes services and other things, like how the company’s buildings and team members work together, as well as how the company works with the government, the community, and other businesses.
Average Salary: $87,000
16. Human Resource Manager
HR managers are in charge of HR teams. They make and implement HR policies and procedures, as well as manage the hiring and selection processes. They may also help with training and development, as well as the process of bringing new employees on board.
A Bachelor’s degree in Human Resources or a related field, like finance, business management, or education, is required to be a Human Resource Manager.
Average Salary: $120,000
17. Quality Control Inspector
A quality control manager looks for flaws in capital goods and makes sure they meet government standards by checking and evaluating them. Quality control inspectors help companies that make capital goods with their technical needs so that the production process goes smoothly and the products are of high quality.
A high school diploma is needed to get a job as a Quality Control Inspector. For entry-level jobs, you don’t need an associate’s or bachelor’s degree, but you do need one to move up in your career.
Average Salary: $40,460
18. Manufacturing Director
The executive team works closely with the director of manufacturing. He hires managers and supervisors and sets goals for how much work needs to be done. He is also in charge of making sure the factory meets the highest standards for safety.
Average Salary: $200,000
19. Business Development Manager
In the capital goods industry, business development managers often make six-figure salaries. They are in charge of finding new business opportunities and coming up with plans to go after them.
Average Salary: $122,000
20. Credit Controller
More and more people look for work as the economy gets better. This is great news for the people who decide if someone’s credit score is high enough for them to get a certain product or service.
Credit controllers may work in the accounts payable, accounts receivable, or enterprise resource planning departments, depending on the product and industry. These are important jobs in a field where the price of a product can go up if more people want it.
Average Salary: $166,973
Is Capital Goods a Good Career Path?
Without a doubt! You could also work in the capital goods industry. If you are a young professional who wants to improve your skills and make a steady income, you might want to work in the Capital Goods industry.
Jobs with capital goods usually pay well and give interesting tasks to do every day. To work in the capital goods sector, you have to love what you do.
If you want to get into the capital goods market, you should make sure you know a lot about the work. Jobs with capital goods are often unionized, and unions have a lot of good resources.
Capital Goods companies offer their employees a lot of benefits, such as health insurance, pension plans, and well-equipped health and fitness centers.
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.
How can I get the Best paying jobs in capital goods?
The best way to get a job in the capital goods industry is to have a degree in engineering and a few years of experience in the field. There are, however, many other ways to get into this field. You can start by looking for internships or jobs at the entry-level in the field. You could also look for jobs in fields that are related, like sales, marketing, or business development.
Different kinds of goods
- Capital Good: Capital goods are things that can be seen and touched that one business makes and then another business uses to make consumer goods. Some examples are cars, trucks, machinery, tools, buildings, and tools.
- Non-durable consumer goods- These are things that can’t be used over and over again. They might also be a few years older. For example, clothes, food, cosmetics, medicines, and other things fall into this group.
- Durable consumer goods- This category includes things that can be used for a long time. Durable consumer goods include kitchen appliances like refrigerators, air conditioners, washing machines, fans, cars, mobile phones, etc.
- Consumer durables- are things we use every day and things we keep in our homes. Consumer durables include things like fridges, TVs, air conditioners, packaged food, and clothes. Based on how they are used, consumer durables can be put into two groups.
So far, what have we learned? We now know what capital goods are and what do capital goods jobs pay. But there’s more! Even more important is that you now have a better idea of what you need to do to get one of these high-paying jobs.
This article should help you make the most of your skills, education, and talents so you can have a successful career in the capital goods industry.
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 make some of the most money in this field. To get these jobs, you usually need 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 has many benefits, such as plans for retirement, vision insurance, tuition reimbursement, paid time off, medical and dental insurance, and more.
What Kinds of Capital Goods Are There?
There are many different kinds of capital goods, such as electronics, machinery, chemicals, steel, textiles, and cars.
Can I work in capital goods and make more than $100,000 a year?
You may be wondering how much jobs that deal with capital goods pay. Spend more than $100,000 per year?
Entry-level jobs in businesses that sell capital goods usually pay less, but as you get more experience, you may be paid more. Working in capital goods, you can make more than $100,000 a year. Senior managers, software developers, and engineers all make more than $100,000 a year.
Can I get a tech job in the industry for capital goods?
Yes, companies that make capital goods also hire tech experts, such as software developers. As manufacturing gets more and more automated, the capital goods sector will have more tech jobs.