What do Capital goods jobs pay? In this article we will uncover the best paying capital goods careers and other related aspects.
Are you curious about finding well-paying jobs in the capital goods industry and want to know what do capital goods jobs pay? If yes, take a look at this list of the highest-paying careers in this field.
Capital means anything that can be used for investments and financial assets. The most standard form of capital is money. Still, it can also have things like bonds, stocks, and valuable properties such as land or mineral rights.
Jobs related to capital can be found in the financial sector, government, or businesses that fulfil the needs of a capital city. Common careers in this field include financial analysts, bankers, and accountants.
Capital goods careers have tasks related to distributing, producing, and maintaining capital goods. These careers play an important role in the economy as they make businesses grow and develop new employment opportunities.
Some standard occupations in capital goods careers are production managers, engineers, and logistics managers.
What Do Capital Goods Jobs Pay?
If you’re thinking about working in the capital goods industry, you may be curious about how much money you can make. It’s okay to want to know if your hard work will be rewarded with a good salary.
Luckily, jobs in the capital goods sector are known for their competitive pay, as many positions in this field offer salaries of more than $100,000 per year.
The exact amount you can earn in this field will depend on factors like your skills, experience, and the exact job. But if you want to make a good income, finding opportunities in the capital goods sector is really a smart move.
Capital Goods Employees Satisfaction
The benefits, pay, and job stability of working in the capital goods field make it a popular choice for many employees, as many workers express high satisfaction with their careers in this industry.
Take Lockheed Martin, one of the top companies in the capital goods sector. Employees over there are rating their satisfaction as four out of five stars.
Also, 84 per cent of Lockheed Martin workers have happily recommended the company to their friends as a good place and field to work.
CHECK THESE HIGHEST PAYING JOBS AVAILABLE IN VARIOUS INDUSTRIES
What are the Highest Paying Jobs in the Capital Goods Industry?
After knowing what do capital goods jobs pay, let’s know the highest-paid jobs in this sector: Getting the best-paying jobs in the capital goods industry can be tough because it depends on various factors like experience, education, and where you live.
However, we can look at some common and good-paying positions in this field to get an idea of the top options.
Engineering Manager
They earn an average salary of $137,000 per year. Their role is:
- Supervising technicians and engineers.
- Making sure projects are completed on time and within budget.
- Contributing to product design and development.
Marketing Manager
They earn an average salary of $134,000 per year. Marketing managers are responsible for managing marketing campaigns, creating and executing marketing strategies, and leading a team of professionals. They may also work on product development and market research.
Sales Manager
They earn a median salary of $131,000 per year. Sales managers direct sales teams, set sales targets, and make sales strategies. They may also manage customer service and contribute to product development.
Development Manager
They earn an average salary of $129,000 per year. Development managers lead software development teams, ensure projects are completed on time and within the budget, and may be involved in quality assurance and software testing.
Software Engineer
They earn an average salary of $128,000 per year. Software engineers make software applications, collaborate with development teams, and make sure timely project completion. They may also participate in quality assurance and software testing.
Electrical Engineer
They earn an average salary of $127,000 per year. Electrical engineers develop, design, and test electrical products and systems. They may also work on equipment manufacturing and installation.
Industrial Engineers
They earn an average salary of $124,000 per year. Industrial engineers work mainly on developing, designing, and optimizing production and manufacturing processes. They may also manage production skills and execute quality control measures.
Business Analyst
They earn an average salary of $122,000 per year. Business analysts analyze business data, identify trends, and make recommendations for improving business performance. They may also work on enhancing business processes and project management.
Human Resources Manager
They earn a median salary of $120,000 per year. HR managers lead HR teams, develop HR policies, manage recruitment processes, and facilitate development and employee training.
How Can You Find the Highest Paying Jobs in the Capital Goods Industry?
Finding the best-paying job in the capital goods industry can be tough, as it depends on your experience, skills, and where you live. However, there are some helpful tips that can increase your chances of finding a well-paying job in this field:
Develop a unique skill set: The capital goods industry is fully different and wide, so it’s helpful to develop a specialized set of skills that make you stand out of the crowd. By becoming an expert in a specific area, you’ll have more opportunities for higher salaries and career growth.
Gain experience: Experience is valuable in any industry, like capital goods. Employers want people with a verified track record of success. If you need experience in this industry, then think about working in a related field to gain transferable skills.
Network: Networking is essential in the capital goods industry. To enhance it, you can attend trade shows, conferences, and events where you can connect with good employers and learn about job vacancies and openings.
Consider relocation: The highest-paying jobs in the capital goods industry are usually located in big cities. If you agree with relocation, you may get better opportunities and higher salaries.
You can increase your chances of finding a well-paying job in the capital goods industry., by following the above tips.
What Companies Are in the Capital Goods Industry?
The capital goods industry includes companies that make physical objects to make other goods and services. These objects can be employed in constructing new buildings or producing new items.
In the capital goods industry, you’ll find companies that manufacture equipment, machinery, and tools used in production.
Some well-known companies in the capital goods field are:
- Cummins Inc. (CMI)
- Caterpillar Inc. (CAT)
- 3M Company (MMM)
- Pentair plc (PNR)
- Walt Disney Company (DIS)
- Deere & Company (DE)
- Illinois Tool Works Inc. (ITW)
- Parker-Hannifin Corporation (PH)
- Rockwell Automation, Inc. (ROK)
- Timken Company (TKR)
Is Working in Capital Goods a Good Career Choice?
Working in the capital goods industry gives a number of career opportunities. You can choose from various roles like manufacturing, sales, production, and marketing.
Also, you can explore different industries like mining, aerospace, construction, and defence.
Starting your career in the capital goods industry is a smart decision. It provides a number of possibilities, which allow you to find a role that matches your abilities and passions.
Moreover, the industry is growing and also offering a number of different job opportunities.
Capital goods are an excellent choice if you want to fulfil and stimulate your career. It gives various career paths, making sure you can find a role that matches your skills and interests.
What Do Capital Goods Jobs Pay?
Capital goods jobs have an average annual salary of $85,400. However, the pay can change depending on the exact career within the industry.
Let’s take a look at some examples:
Engineering Manager: With a good experience in a well-known company, an engineering manager in capital goods can earn up to $196,000 annually.
Entry-level Assembler: Whereas someone starting as an assembler may earn around $32,175 annually.
Here are the pay rates for 10 common jobs in the capital goods industry:
| Job Title | Average Salary | Entry-Level Salary | 90th Percentile Salary |
| Engineering Manager | $147,000 | $111,000 | $196,000 |
| Business Development Manager | $105,000 | $71,000 | $156,000 |
| Software Developer | $94,000 | $73,000 | $122,000 |
| Sales Engineer | $93,000 | $64,000 | $135,000 |
| Research and Development Technician | $86,000 | $56,000 | $132,000 |
| Marketing Manager | $107,000 | $69,000 | $166,000 |
| Quality Control Manager | $79,000 | $55,000 | $115,000 |
| Manufacturing Engineer | $76,000 | $58,000 | $99,000 |
| Assembler | $31,000 | $26,000 | $37,000 |
| Manufacturing Technician | $36,000 | $27,000 | $49,000 |
Key Takeaways From The Article
- Capital goods jobs in the financial sector, government, or businesses related to a capital city involve distributing, producing, and maintaining capital goods.
- Jobs in the capital goods industry are known for their competitive pay, with many positions offering salaries of over $100,000 annually.
- Some of the highest-paying jobs in the capital goods industry include Engineering Manager, Marketing Manager, Sales Manager, Development Manager, Software Engineer, Electrical Engineer, Industrial Engineer, Business Analyst, and Human Resources Manager.
- Capital goods employees generally express high satisfaction with their careers in this industry, with companies like Lockheed Martin receiving positive ratings from their employees.
- To increase your chances of finding well-paying jobs in the capital goods industry, developing a unique skill set, gaining relevant experience, networking with professionals in the field, and considering relocation to big cities where higher-paying opportunities are often found.
- Companies in the capital goods industry include Cummins Inc., Caterpillar Inc., 3M Company, Pentair plc, Walt Disney Company, Deere & Company, Illinois Tool Works Inc., Parker-Hannifin Corporation, Rockwell Automation, Inc., and Timken Company.
- Working in the capital goods industry provides various career opportunities in manufacturing, sales, production, and marketing across mining, aerospace, construction, and defense industries.
- The average annual salary for capital goods jobs is $85,400, but the pay varies depending on the specific career within the industry. For example, an Engineering Manager with experience in a reputable company can earn up to $196,000 annually, while an entry-level Assembler may earn around $32,175 annually.
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