What Do Capital Goods Jobs Pay In 2023
Capital goods are the machines, buildings, and other artificial manufacturing infrastructure needed to make the objects you use in everyday life. Jobs in the capital goods industry ensure these parts of the production process are available so manufacturers can meet consumer demand. This process has many roles, including the best-paying jobs in capital goods. What Do Capital Goods Jobs Pay.
Capital goods careers offer competitive wages for specialized tech skills, whether you end up streamlining production processes in the apparel industry or designing machines that make components for cars. In this article, we’ll share capital goods salaries, job market outlook, and the education required to get the best-paying jobs in capital goods.
Is Capital Goods a Good Career Path?
The capital goods sector is a great industry to work in. Capital goods jobs offer competitive wages and interesting daily tasks. Many of these jobs are unionized and come with great benefits and access to union resources. Before you leap into the capital goods market, make sure you have passion for the job. What Do Capital Goods Jobs Pay. The capital goods industry specializes in manufacturing and construction, which can be physical jobs in finance depending on your career.
Capital Goods Salaries: Lucrative Capital Careers
|Capital Goods Careers||Capital Goods Salaries||Job Outlook||Minimum Education|
|Marketing Manager||$141,490||10%||Bachelor’s Degree in Marketing or Advertising|
|Software Developers||$110,140||22%||Bachelor’s Degree in Computer Science|
|Electrical Engineers||$103,390||7%||Bachelor’s Degree in Electrical Engineering|
|Mechanical Engineer||$90,160||14%||Bachelor’s Degree in Engineering|
|Industrial Engineer||$87,660||14%||Bachelor’s Degree in Engineering|
Best-Paying Jobs in Capital Goods: In Detail
- Average Salary: $149,530
Engineering managers coordinate, direct, and plan engineering projects in a capital goods company. An engineering manager must have an undergraduate degree in engineering with years of work experience. This role also includes making plans to improve the engineering department of the company.
- Average Salary: $141,490
A marketing manager makes buyers interested in the firm’s products. A marketing manager at a capital goods company needs to understand the special requirements of the industry they work in. Marketing managers work with sales representatives and help determine the market price of the product.
- Average Salary: $132,290
Sales managers lead a team of sales representatives to sell a company’s product. They need a deep understanding of the production process for capital goods in order to sell capital goods products. Sales managers evaluate the opportunity cost and marginal cost of the products, and they need a Bachelor’s Degree in Economics, Business, or technical field. What Do Capital Goods Jobs Pay.
Training and Development Manager
- Average Salary: $115,640
Training and development managers are responsible for training and developing other employees in a capital goods company. This is an important role because capital goods companies sell niche products like manufacturing technology for the electronics industry or shipping infrastructure for the chemicals industry.
- Average Salary: $110,140
Capital goods companies rely on tech jobs, such as software developers, to function effectively. Software developers in the capital goods industry create computer apps and programs that make the company run more efficiently. While not directly involved in the factors of production, they help companies in the capital goods sector stay profitable.
- Average Salary: $103,390
Electrical engineers design and fabricate all the electrical infrastructure to meet the special requirements of capital goods production facilities. They also design and create electrical components of equipment used in the production process, as well as maintain all this custom-built equipment.
- Average Salary: $90,160
A mechanical engineer designs, develops, and tests machines needed in the manufacturing of capital goods. Mechanical engineers make sure that the production process for their machines meets industrial standards or clients’ specifications. Technical services provided by mechanical engineers are extremely important in the capital goods sector.
- Average Salary: $88,950
Industrial engineers in the capital goods sector make sure that machinery used in the production process is in good working condition. Aside from the maintenance of machinery, they also design the workflow in a manufacturing space to streamline processes and maximize productivity.