Best Paying Jobs In Capital Goods: Top 10 List

Filed in Articles by on July 26, 2022 0 Comments
Best Paying Jobs In Capital Goods

Is Capital Goods a Good Career Path? The Capital Goods industry is an excellent career choice for those interested in creating things. There are different levels and specialties in the Capital Goods sector that may be more suitable for people with different skill sets; however, we will focus on the highest paying Jobs in Capital Goods.

What are Capital Goods?

Capital goods are those physical assets purchased for use in the production of goods or services. They are generally anything that is used to make other products or services.

Capital goods are commonly employed as manufacturing systems or services. As it’s difficult to conduct a business without a physical location, equipment, tools, or machinery, these physical assets are the primary production factors that ensure the manufacturing process of finished goods.

What is the Capital Goods Industry?

Capital goods industry comprises of industries that produces goods such as machines, tools, and more that are further capable of producing consumer goods. These include machine tools, industrial machinery, process plant equipment, construction & mining equipment, electrical equipment, textile machinery, printing & packaging machinery etc.

What Are The Best Paying Jobs In Capital Goods?

The following jobs in Capital Goods are just some of the highest-paid jobs in the Capital Goods sector and do not include ALL possible jobs within the industry.

1. Engineering Manager

Engineering managers organize, direct, and plan engineering projects in a company that makes capital goods. An engineering manager needs a bachelor’s degree in engineering and years of experience in the field. This job also involves coming up with plans to improve the engineering department of the company.

Average Salary per year: $149,530 per year.

2. Project Manager

Most projects for capital goods take between one and five years, during which time the goods are made and shipped regularly. This job makes it possible to plan for the long-term growth or repair of a manufacturing plant. Some of the best-paying jobs in project management are project manager, project engineer, and project manager-level jobs.

Average Salary per year: $88,688 per year.

3. Marketing Manager

Marketing managers are in charge of planning, making, and putting into action strategic marketing plans for companies that sell capital goods in order to get new customers and keep the ones they already have.

Managers of marketing and sales work together to set the price of a product on the market.

Average Salary per year: $141,490 per year.

4. Training and Development Manager

Training and development managers work for a company that makes capital goods. They are in charge of training and developing other employees. This is a very important job because capital goods companies sell specialized things like manufacturing technology for the electronics industry or transportation infrastructure for the chemicals industry.

Average Salary per year: $115,640 per year.

5. Sales Manager

Sales managers are in charge of a group of salespeople whose job it is to sell a company’s products. If they want to sell capital goods, they need to know a lot about how they are made. To figure out the opportunity cost and marginal cost of an item, a sales manager needs a bachelor’s degree in economics, business, or a technical field.

Average Salary per year: $132,290 per year.

6. Software Engineer

Companies that make capital goods need tech jobs like software developers to work well. In the capital goods market, software engineers make computer tools and programs that help the company work better. Even though they don’t work directly with the factors of production, they help capital goods companies keep making money.

Average Salary per year: $110,140 per year.

7. Mechanical Engineer

A mechanical engineer designs, builds, and tests machines that are used to make capital goods. Mechanical engineers make sure that the way their machines are made meets industry standards or what their clients want. In the capital goods industry, the technical services of mechanical engineers are especially important.

Average Salary per year: $90,160 per year.

8. Credit Controller

As the economy gets better, more and more people start looking for work. This is great news for the people in charge of deciding if a person has the right credit score to get a certain product or service.

Depending on the product and industry, credit controllers may work in the accounts payable, accounts receivable, or enterprise resource planning departments. These are important jobs in an industry where more people wanting a product can cause prices to go up.

Average Salary per year: $166,973 per year.

9. Management Analyst

In a company that makes capital goods, a management analyst suggests ways to improve efficiency. By looking at financial records and industrial data, they come up with better ways to make things. This helps the economy as a whole.

Average Salary per year: $87,660 per year.

10. Quality Control Manager

A quality control manager watches employees and how products are made to make sure they meet standards for quality and efficiency. The person in charge of quality control also works with customers to make sure that the finished products meet their standards and expectations.

Average Salary per year: $72,175 per year.

Benefits of a Capital Goods Career

Here are some real reasons you should work in the Capital Goods Industry.

1. Possibilities for advancement

There are many ways for people who work in this industry to advance their careers. From an entry-level production job, a worker can move up to a management job like a plant operator or quality control inspector.

2. Opportunities for beginners.

Several jobs in the capital goods sector don’t need you to have worked before. On-the-job training is a better choice than certifications or internships because it is more useful.

Anyone can learn valuable skills and get valuable work experience that will help him in the long run.

3. Working on a real project.

This industry is about making things that can be seen and touched. Because of this, people can see the real results of their hard work, which is very satisfying. This is very different from jobs, where the results are often not clear.

Conclusion

The Capital Goods industry has some of the best paying jobs available, and if you’re wondering what are the best paying jobs in Capital Goods? With this list of the 10 Best Paying Jobs In Capital Goods, you should be able to make a choice.

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Source: Sabonews.org

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