Best Paying Jobs in Capital Goods detailed information
Capital goods refer to physical assets used in the production of other goods and services; it also refers to such assets owned by the government or non-profit institutions serving economic development that are used in the process of investment and production.
Capital goods include major physical assets such as buildings, machinery, and equipment, but not intangible assets such as computer software.
- The Best Paying Jobs In Capital Goods
- Global Automotive
- Manufacturing Engineer
- Senior Mechanical Engineer
- Heavy Duty Truck, Trailer and Parts Manufacturing
- Industrial Machinery
- Construction, Mining, And Forestry Machinery Manufacturing
- Computer Storage Devices
- Personal Computers (Except Clerical and Consumer Products)
- Quality Control Manager
- Industrial Designer
- Research and Development Manager
- Semiconductor And Other Electronic Component Manufacturing
- Telephone Apparatus Manufacturing
- Electric Power Generation, Transmission and Distribution Equipment Manufacturing
- How Many Jobs Are Available In Capital Goods
- What Do Capital Goods Job Pay
The Best Paying Jobs In Capital Goods
The global automotive industry is a large and complex sector. There are many different types of jobs in this sector, from assembly line workers to engineers and executives. The pay scale for these positions can vary widely, depending on the company, the country, and the specific job.
A low-paid assembly line worker may earn around $2 per hour, while an engineer or executive at the same company might make much more. A recent study found that wages for automotive professionals have been growing steadily over the past few years due to increased demand.
The median salary for a Manufacturing Engineer is $85,880 per year. Manufacturing Engineers develop, process, and test materials to create new products.
They also work to improve manufacturing processes and increase efficiency. A bachelor’s degree in engineering is typically required for this position. Bachelor’s degrees are offered at various levels of specialization; more advanced degrees can be helpful for career advancement.
Materials Engineering: The median salary for a Materials Engineer is $91,440 per year. Materials Engineers research, design, or implement systems that use materials such as glass, rubber, plastic or metal.
Senior Mechanical Engineer
A Senior Mechanical Engineer design develops and tests mechanical devices, such as engines and tools. They also oversee the manufacturing process of these products. A Senior Mechanical Engineer typically earns a salary of $85,000 per year. Most companies provide training for them to improve their skills in specific areas or to learn new skills altogether.
Engineers usually need a degree in engineering from an accredited university. These degrees take four years of study at a college. Graduates can get jobs with multinational corporations or start their own businesses.
Heavy Duty Truck, Trailer and Parts Manufacturing
Job seekers in the market for a career change may want to consider opportunities in the capital goods sector. This industry is responsible for the production of heavy duty trucks, trailers and parts, and it offers some of the best paying jobs in the country.
With an average annual salary of $81,350 per year, these positions can be lucrative as well as fulfilling. Companies such as Ford Motor Company offer several entry-level manufacturing positions that start at $15 an hour with no experience required.
Other high-paying jobs include those within chemical plants, plastics manufacturers and manufacturers of industrial gases.
As the US economy continues to improve, this field will continue to grow and provide more employment opportunities for qualified individuals who are interested in entering the workforce.
The industrial machinery manufacturing sector is composed of firms that produce equipment used in the production, transportation, and utilization of energy and materials. The majority of products in this sector are categorized as heavy machinery.
Many of these products are complex and require highly skilled labor to produce. Consequently, most jobs in this industry pay well above average for their respective industries. On average, employees working within the industrial machinery manufacturing sector earn $62 per hour or $130,000 per year according to a Payscale report from 2017.
The Industrial Machinery Manufacturing industry produces all types of heavy machinery such as bulldozers and forklifts; these machines often require a high level of skill on behalf of their operators.
Construction, Mining, And Forestry Machinery Manufacturing
Are you looking for a high-paying job in the capital goods industry? If so, you may want to consider a career in construction, mining, or forestry machinery manufacturing. These industries are some of the highest paying in the capital goods sector, and offer good job security and opportunities for advancement. To find the best-paying jobs in this field, click here.
By clicking through to our analysis, you’ll see that construction, mining, and forestry machinery manufacturing is among the most highly paid industries of their kind. The median annual wage for an employee in one of these roles is $63,000.
Computer Storage Devices
Are you looking for a great-paying job in the capital goods industry? If so, you may want to consider a career in computer storage devices. The average salary for this position is $85,000 per year, and there is high demand for qualified workers. One of the reasons that there is such a high demand for this profession is because these individuals are responsible for developing new products and supporting current products as well.
If you’re interested in pursuing a position like this, be sure to talk with your local recruiter about the requirements that are needed!
Personal Computers (Except Clerical and Consumer Products)
According to the latest figures from the Bureau of Labor Statistics, the best paying jobs in the capital goods sector are in computer and electronic product manufacturing. The median annual wage for workers in this sector was $85,240 in May 2016, more than double the median wage for all workers of $37,040. Moreover, average earnings have been steadily rising over the past few years with an average yearly increase of 1.7%.
In order to be qualified for these high-paying positions one typically must possess a degree in engineering or computer science. Consequently many industry experts speculate that this will lead to a shortage of trained candidates as baby boomers retire from the workforce.
Quality Control Manager
As a quality control manager, you would be responsible for ensuring that the products produced by your company meet or exceed customer expectations.
This would involve developing and implementing quality control standards, conducting inspections, and managing a team of quality control inspectors.
Quality control managers typically have a bachelor’s degree in engineering or a related field, and several years of experience working in quality control. Salary for this position can vary depending on experience and location, but the average salary is $85,000 per year.
You could also work as an independent consultant in quality assurance, which could earn you up to $250 per hour. Industrial Engineer: Industrial engineers apply their expertise to improving production processes. You’ll usually need a bachelor’s degree in industrial engineering and at least three years of industry experience to land one of these jobs. The typical starting salary is about $45,000 annually – with experienced industrial engineers earning closer to $75,000 per year.
As an industrial designer, you’ll be responsible for creating and developing new products. This involves coming up with ideas, making prototypes, and testing products. Industrial designers typically work in teams, so it’s important to be able to collaborate well. The average salary for an industrial designer is $60,000. Senior-level salaries can range from $78,000-$105,000.
The salary can vary depending on the size of the company you’re working for and your geographic location.
The Bureau of Labor Statistics estimates that there will be about 2% growth in this occupation by 2022. There are a lot of opportunities to earn more than $100,000 as an industrial designer because of all the potential perks offered by larger companies.
But if you want more job security, it might be best to find a smaller firm where pay isn’t as high but benefits are better.
Research and Development Manager
As a research and development manager, you will be responsible for overseeing the research and development of new products and technologies. You will work with a team of scientists and engineers to ensure that new products are developed in a timely and efficient manner. Your salary will be based on your experience and qualifications.
According to Glassdoor, the average R&D Manager makes $103,095 annually. That number goes up when you factor in bonuses, profit sharing and other additional compensation.
R&D Managers can typically expect about a 10% bonus at Christmas time and about 5% throughout the year as well as profit sharing opportunities which vary from company to company. The median total compensation for an R&D Manager is $122,000 per year or about $6,900 per month before taxes.
Semiconductor And Other Electronic Component Manufacturing
A career in semiconductor and other electronic component manufacturing can be very rewarding. The average salary for this industry is $85,000 per year, and the top earners make over $100,000 per year. The job outlook for this industry is good, with an expected growth of 3% over the next ten years. If you are interested in a career in semiconductor and other electronic component manufacturing, there are a few things you should know.
First, you will need to have a strong background in math and science. Second, if you want to get into manufacturing it is important that you go back to school. Third, it is important that you know the difference between automated and manual assembly lines.
Finally, once you are in the industry, it is important that your skills stay up-to-date so that you can continue working as long as possible.
Telephone Apparatus Manufacturing
According to the Bureau of Labor Statistics, the median annual wage for workers in the telephone apparatus manufacturing industry was $52,880 in May 2016. The lowest 10 percent earned less than $29,860, and the highest 10 percent earned more than $92,530.
While employment is projected to grow by 4 percent from 2014-2024, openings are expected to be limited due to low retirement rates. As such, it will likely become more difficult to find work in this field. Additionally, there may be a need for additional training or certifications to stay competitive. For example, telecommunications engineering technicians must have at least an associate degree with a minimum of two years of experience in order to perform certain tasks.
Overall, those working in this industry enjoy high wages but face challenges finding available jobs that offer higher compensation.
Electric Power Generation, Transmission and Distribution Equipment Manufacturing
If you’re looking for a high-paying job in the capital goods sector, you might want to consider a career in electric power generation, transmission and distribution equipment manufacturing. This industry is responsible for the production of equipment used in the generation, transmission and distribution of electricity. The salary range in this field ranges from $87,000-$115,000 per year with a mean wage of $100,000 per year.
The following are the top 10 jobs within this field: 1) Senior level design engineer 2) Test engineer 3) Electrical Engineer 4) Mechanical Engineer 5) Maintenance Mechanic 6) Commissioning Technician 7) Supervisor 8) Electrician 9) Service Coordinator 10) Toolmaker
How Many Jobs Are Available In Capital Goods
There are plenty of jobs available in the capital goods industry. According to the latest figures, there are over 1.5 million job openings in this sector. That’s a lot of opportunities for people with the right skillset. A good way to find out which jobs are available is by reading through various company websites.
A few companies that offer great opportunities include General Electric, Lockheed Martin and Caterpillar.
If you’re looking for something more specific than a general engineer or programmer, try consulting professional organizations like the Institute of Industrial Engineers or IEEE-USA.
What Do Capital Goods Job Pay
If you’re looking for a career in the capital goods industry, you’ll be pleased to know that there are many high-paying options available. From engineers to project managers, there are plenty of positions that offer competitive salaries. As an engineer, you can earn up to $150k per year. Engineers with more experience can earn up to $250k annually. Project managers with advanced degrees and certifications can also make six figures and above.
Your salary will depend on your education, skillset, and employer. Additionally, as a capital goods job seeker it’s important to have solid technical skill sets like engineering or IT. These jobs typically require at least two years of experience but they pay well when you find them! Look for opportunities where you can really use your strengths and stay challenged.
Even if these positions don’t meet all of your criteria, do not hesitate to apply. Sometimes, recruiters reach out about jobs that match some of what you’re looking for but not all. If you reach out about these opportunities (either through an email or LinkedIn message), recruiters may give you feedback about what skillsets are required to get the position, allowing you to modify your search accordingly.