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10 Best Paying Jobs in Capital Goods 2022 (Up To $130K)

In the event you’re in search of a high-paying job in capital goods, it’s best to look into the capital goods industry. This industry has a big selection of departments where you possibly can pursue different high-paying career opportunities.

But, in case your goal is to get one among the most effective paying jobs in capital goods, you’d better review capital goods salaries, labor market demands, and the mandatory qualifications for the job in question. Here in this text, you’ll find everything it is advisable to learn about the most effective paying jobs in capital goods. Once you will have all the mandatory information, it’s easy to weigh your options and make the appropriate choice.

But, first things first! Before you try our list of the most effective paying jobs in capital goods, it’s essential to know the term capital goods.

What are Capital Goods?

Generally speaking, capital goods are products used to make other services or products. We’re talking about industrial machinery, process plant equipment, construction, and mining equipment, electrical equipment, and other man-made manufacturing infrastructure essential to craft the objects we use in our daily life. By having a job within the capital goods industry your task will likely be to make sure the provision of those production process components so manufacturers can meet customer demand.

Imagine conducting a business and not using a physical location, equipment, tools, or machinery. It seems impossible, right? Hence the importance of capital goods as a primary production factor ensuring the manufacturing technique of finished goods. Companies rely upon capital goods to fabricate goods and deliver their services to clients.

Because they’re physical, capital goods are also generally known as tangible assets. These tangible assets will not be end-products, but simply a tool to make the finished products. For sure, a crucial tool that makes consumers and employees happy. Consumers are happy for receiving their goods and employees are happy for delivering and receiving a formidable “reward” on their paycheck.

Use our extensive research and choose a job from our list of the most effective paying jobs in capital goods that suits you best!

10 Best Paying Jobs in Capital Goods

In case your goal is a career within the capital goods industry, you’re in luck! There are various high-paying jobs to select from. Listed below are a few of the most effective paying jobs in capital goods:

  1. Business development manager- a median salary of $130,023
  2. Manufacturing manager- a median salary of $120,840
  3. Engineering manager- a median salary of $119,036
  4. Software developer- a median salary of $110,140
  5. Electrical engineer- a median salary of $100,420
  6. Industrial engineer- a median salary of $95,300
  7. Project manager- a median salary of $92,036
  8. Marketing manager- a median salary of $88,827
  9. Mechanical engineer- a median salary of $86,500
  10. Product development engineer- a median salary of $75,987

As well as, you’ll study the traits, skills, and educational qualifications essential to land one among the most effective paying jobs in capital goods within the US.

1. Business Development Manager

Salary gives us information on how much a business development manager makes in the US. The typical annual salary of a business development manager is $130,023as of July 26, 2022, while the range typically falls between $110,709 and $150,013. The range of the salary varies reckoning on:

  • Education
  • Certifications
  • Additional Skills
  • Experience within the profession

If the position of a business development manager appeals to you, these are your future responsibilities:

  • Manage a team of business development associates
  • Create business strategies to facilitate the corporate’s growth
  • Develop strategic relationships with partners and potential customers
  • Work with other departments to make sure alignment of company goals
  • Evaluate information to forecast the return of future business transactions
  • Design and determine terms of business agreement

To be appointed as a business development manager you’ll need a bachelor’s degree in business, finance, or marketing. Besides your degree, it’s essential to have a minimum of 5 years of experience in a related area to land one among the most effective paying jobs in capital goods.

2. Manufacturing Manager

Based on the Salary expert, the typical gross salary of a producing manager within the US is $120,840, or $58 an hour. A producing manager earns a median bonus of $9,764. Based on the information on the salary expert:

  • A producing manager with one to a few years of experience has a median salary of $84,578
  • A producing manager with greater than eight years of experience has a median salary of $150,102

In the event you review the manufacturing manager’s payment data, the estimated salary potential will increase by 11 % over 5 years. So, should you’re planning to become a producing manager besides having one among the most effective paying jobs in capital goods there’s even a possible for higher growth over time. Sees the chance and fulfill the next duties:

  • Supervise the daily operations of a producing facility
  • Coordinate, plan, and complete the activities that go into the production process
  • Place the machines in a secure production environment
  • Guarantee efficiency
  • Assure quality of produced materials or goods
  • Be certain that production goes as planned
  • Make production reports
  • Review production data and improve efficiency
  • Be certain that employees and equipment meet performance and safety requests
  • Look ahead to setbacks in the method, and improve operations
  • Employ, train, and evaluate workers’ performance
  • Oversee staff and assign duties to employees
  • Correspond with other divisions (financial, HR, logistics…)

As well as, you’ll need a bachelor’s degree in manufacturing, engineering, or business. Again companies prefer prior experience in management or manufacturing, solid communication, organizational and interpersonal skills, and excellent team-building skills.

3. Engineering Manager

The engineering manager’s salary in accordance with Payscale’s research is closely connected to the experience. While the typical annual salary of an engineering manager is $119,036 it varies in accordance with the person’s experience in the sphere. For instance:

  • An engineering manager in his/her early career (1-4 years of experience) has a median salary of $100,468 (based on 32 salaries)
  • An engineering manager in mid-career (5-9 years of experience) has a median salary of $108,243 (based on 68 salaries)
  • An engineering manager with experienced (10-19 years of experience) has a median salary of $122,403 (based on 142 salaries)
  • An engineering manager in his/her late career (20 years and better) has a median salary of $125,679

To see these impressive numbers in your paycheck you’ll need to:

  • Function a supervisor and oversee the corporate’s technical and engineering teams
  • Assist in conducting engineering design decisions and implementing projects
  • Oversee the work, maintain schedules and meet deadlines
  • Contact customers (directly or through a customer support department)
  • Create progress reports
  • Produce problem resolution reports
  • Be answerable for setting the team budget and avoid unnecessary costs

To work as an engineering manager, it’s essential to have a minimum of a university degree. For the position of engineering manager, many companies may seek post-graduate degrees in management or engineering. Practical experience is often an enormous plus. Experience hand in hand with the required education and skillset will get you one among the most effective paying jobs in capital goods.

4. Software Developer

Take a look at U.S. News for data regarding one among the most effective paying jobs within the capital goods-software developer. The typical salary of a software developer was $110,140 in 2020 (25% of top earners with a salary of $140,470 and 25% of lowest earners with a salary of $84,020). The Bureau of labor statistics projects a growth within the software development field both in salary and job volume within the years to come back (around 22% by 2030 with additional 409,500 jobs by that point).

But, the software developer’s salary will depend on the place of employment. Software developers with the best average salary work in the next industries:

  • Inland water transportation ($243,130)
  • Independent artists, writers, and performers ($187,070)
  • Sporting goods, hobby, and musical instrument stores ($146,630)
  • Computer and peripheral equipment manufacturing ($145,800)
  • Electronics and appliance stores ($137,170).

In the event you aspire to become a software developer, you ought to be skilled to:

  • Permit users to do specific assignments on computers or other devices
  • Improve existing systems that run devices or control networks
  • Write, adapt, and repair software for client applications
  • Use source debuggers and graphic development environments
  • Examine and file software for client applications
  • Inscribe code to provide single-threaded, multi-threaded, or user interface event-driven applications
  • Be aware of various computer languages, operating systems, and various databases, which can be used widely in numerous businesses

If you will have the above-mentioned skills and knowledge you’ll also need a bachelor’s degree in software engineering, computer science, or other related majors and have appropriate job experience.

5. Electrical Engineer

Based on Career explorer, the typical annual salary for {an electrical} engineer within the US is around$100,420. There are also several salary categories based on seniority:

  • A top-level electrical engineer has an hourly salary of $78.33 and a yearly one among $162,930
  • A senior-level electrical engineer has an hourly salary of $61.81 and a yearly one among $128,560
  • A mid-level electrical engineer has an hourly salary of $48.28 and a yearly one among $100,420
  • A junior-level electrical engineer has an hourly salary of $37.74 and a yearly one among $78,500
  • Starting level electrical engineer has an hourly salary of $29.98 and a yearly one among $62,360

In case your dream is to work in the sphere {of electrical} engineering and have one among the most effective paying jobs in capital goods then the job of {an electrical} engineer is ideal for you. As {an electrical} engineer, you’ll have the prospect to:

  • Asses electrical systems, products, components, and applications
  • Create and conduct research programs
  • Apply knowledge of electricity and materials
  • Confirm system’s and components’ abilities
  • Improve electrical products by examining customer requirements
  • Research and test manufacturing
  • Develop manufacturing processes through design and equipment modification
  • Assure the standard of products
  • Test end-products and system potentials
  • Prepare product reports
  • Providing engineering information by answering questions and requests
  • Adjust to federal and state regulations to take care of product and company reputation

Most employers require a bachelor’s degree inelectrical engineering. You’ll also need licenses if you’re employed for a Government or a federal contractor. The license requirements rely upon the state, but usually include an exam you need to pass to receive the license and a minimum variety of years of job experience. All of you fresh graduates don’t worry! For you, there’s an option for a pre-licensure certification.

6. Industrial Engineer

Based on the U.S Bureau of Labor Statistics, the typical annual salary of an industrial engineer was $95,300 in May 2021 with a projected growth of 14% from 2020 to 2030.

When you become an industrial engineer your job will likely be to:

  • Create job evaluation programs
  • Eliminate production processes’ wastefulness
  • Evaluate production schedules, engineering requirements, and process flows
  • Manufacture parts or products, or provide services, with maximum efficiency
  • Make more efficient financial planning and price analysis
  • Perform quality control procedures
  • Resolve production problems
  • Minimize costs
  • Be sure that products meet quality criteria
  • Check with clients about product requirements, sellers about purchases, management personnel about manufacturing potentials, and staff about the project’s status

If you want what you’ve read thus far and also you’ve decided to tackle a job as an industrial engineer, try the Forbes list of the highest ten states with the best salaries for industrial engineers:

  • Washington- a median salary of $109,200
  • Texas- a median salary of $108,900
  • Wyoming – a median salary of $108,890
  • Montana– a median salary of $108,360
  • California– a median salary of $107,890
  • New Mexico– a median salary of $105,240
  • Massachusetts– a median salary of $103,810
  • Colorado– a median salary of $103,460
  • Rhode Island– a median salary of $101,840
  • Maryland– a median salary of $101,710

The required education for one among the most effective paying jobs in capital goods is a bachelor’s degree in industrial engineering technologies or industrial engineering. You’ll be able to work as an industrial engineer with a level in mechanical, electrical, manufacturing,or general engineering.

7. Project Manager

The typical project manager salary on Talent in theUS is $92,036 per year or $47.20per hour. Experienced project managers could make as much as $131,796 per year while project managers at entry-level positions start at $67,578 per year. As in every other profession, experience makes quite a difference within the project manager’s paycheck.

The project manager’s role is:

  • To be answerable for specific projects
  • To make use of project management methodologies to plan, monitor, and report the project
  • To lunch a project idea and manage it until its completion
  • To behave as a bond between the upper management and the people who’re chargeable for the project’s execution
  • To ensure the project runs smoothly and on time
  • To report the project’s progress to the upper management

In the event you see yourself within the role of project manager listed below are a number of must-have qualifications starting with:

  • A bachelor’s degree in IT
  • A bachelor’s degree in Computer science
  • A bachelor’s degree in Business management, or a related field

Besides having a bachelor’s degree in one among these fields a relevant project management-related experience is a plus. A good bigger plus goes to an internationally recognized Project Management Professional (PMP) certification. If you bought what it takes start building your future career in one among the most effective paying jobs in capital goods and become a project manager.

8. Marketing Manager

The salary data on Builtin for the position of selling manager are as follows:

  • A marketing manager within the US receives a median salary of $88,827
  • For a marketing manager, the typical extra money compensation is $7,867
  • The typical total compensation received by a marketing manager within the US is $96,694

As a marketing manageryou’ll:

  • Oversee and help create different advertising or merchandising sales campaigns that the business will use to sell itself and its products
  • Work on a sole product, a line of products, a brand, or a complete company
  • Incorporate a variation of input received from creative, research, advertising, and sales teams
  • Supervise one or multiple marketing campaigns
  • Devise a chiến dịch in its entirety
  • See a comprehensive opportunity and enlist members of his or her marketing team to brainstorm potential chiến dịch ideas
  • Orchestrate the mandatory organization and timing precision
  • Assist in developing market research studies
  • Analyze market research findings
  • Work in partnership with product managers to implement new and improved initiatives
  • Monitor the performance of selling programs as a guide to current and future campaigns and techniques

For one among the most effective paying jobs in capital goods within the US, a marketing degree from a university is required, while postgraduate work and management disciplines are encouraged. Individuals with this job title work regular hours throughout the week but might need to place in some extra hours within the office when launching their newly created campaigns.

9. Mechanical Engineer

Based on Salary explorer, the annual average salary of amechanical engineerinthe US is around $86,500, with the bottom salary being $42,400and the best at $135,000.

One in all the most effective paying jobs in capital goods will depend on the person’s experience, skills, and job location. Here’s an in depth salary analysis based on experience:

  • Mechanical engineers with 10-15 years of experience earn an annual salary of $110,000
  • Mechanical engineers with 15-20 years of experience earn an annual salary of $118,000
  • Mechanical engineers with greater than 20 years of experience earn an annual salary of $126,000

Usually, your duties as a mechanical engineer include:

  • Project requirements assessment
  • Evaluation of the mechanical components’ functioning
  • Authorization of budgets, timetables, and requirements with clients and managers
  • Equipment maintenance and modification, safety ensuring, and efficiency
  • Inspecting, evaluating, adapting, and re-testing products
  • Writing reports and papers
  • Providing technical advice
  • Analyzing and clarifying data

Education-wise you’ll need a minimum of a bachelor’s degree for the position of mechanical engineer, for a median annual salary of $62,800, or a master’s degree for a median annual salary of $101,000. So, do your math and choose the appropriate educational path!

10. Product Development Engineer

The typical salary of a product development engineer on Payscale.com is $75,987. After all, the salary of an entry-level product development engineer is different than the salary of an experienced product development engineer:

  • Based on 161 salaries a product development engineer with lower than 1-year experience can earn a median total pay of $65,666 (Including tips, bonuses, and overtime pay)
  • Based on 1087 salaries an early career product development engineer (1-4 years of experience) earns a median payment of $72,863
  • Based on 563 salaries a mid-career product development engineer (5-9 years of experience) earns $83,198 as a median total payment
  • Based on 169 salaries an experienced product development engineer (10-19 years of experience) earns $91,839
  • Employees with a formidable career of 20 years and more can earn a median total pay of $105,233. No wonder one among the most effective paying jobs in capital goods is the job of a product development engineer!

In the event you’re wondering what product development engineers do, they:

  • Manage the design, and test the product’s development
  • Assess the mechanical design properties of the product, and judge whether it meets the mandatory standards and functionality
  • Conceptualize ideas
  • Design their ideas in a 3-D modeling program
  • Specify accurate design characteristics
  • Plan the mandatory steps from conceptualization to the ultimate product
  • Determine the materials needed to create the product, potential designs, and potential buyers for the product
  • Determine ways wherein the product could be marketed
  • Document the present status of the product throughout the production process
  • Work in teams to develop a completely functional, marketable product

To get a job as a product development engineer it’s good to know that the majority employers require their employees to have a bachelor’s degree or higher in mechanical, industrial design, material science, or manufacturing engineering and be highly experienced in AutoCAD, SolidWorks, or other 3-D modeling software.

Conclusion

What have we learned thus far? We’ve learned what are capital goods and what are the most effective paying jobs in capital goods. But that’s not all! What’s much more important is now you will have a clearer picture of what it takes to land one among these high-paying jobs.

Hopefully, this text will assist you make probably the most of your talents, skills, and education, and have a successful career within the capital goods industry!

Also Read: 7 Best Paying Jobs within the Consumer Non-Durables Industry

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