Is Consumer Durables A Good Career Path?
Is Consumer Durables A Good Career Path? | To 10 Jobs In Consumer Durables Industry. The consumer durables industry is a beautiful choice if you’re seeking a steady, fulfilling, and challenging profession. Consumer durables jobs have a few characteristics, such as the requirement for patience, adaptability, and an understanding of electronics.
We will be looking at consumer durables as a career option and attempting to answer questions such as how many jobs are available in consumer durables, what companies are in the consumer durables field.
What are consumer durables?
Consumer durables are goods and services that are intended to be used on a regular basis. Consumer electronics, household appliances, culinary, cleaning, office appliances, furniture, and motorized vehicles are all included in this category.
Is consumer durables a good career path for graduates?
Although a profession in consumer durables may not appear to be as profitable as it appears, it pays well. For students or grads looking for meaningful employment, a consumer durables career is an excellent choice. This field of work offers a wide range of job opportunities as well as a number of benefits. This is due to the fact that consumer durable products are widely available, easy to use, and cost more than most other items. As a result, these products are in high demand.
What do Consumer Durables Jobs Pay?
The different professions in this field mean varying salaries. Consumer durables industry allows you to take part in your interest area, whether it is household durable items to the tech industry, and will allow you a decent pay of around $15,000 and above, as a starter, a good enough answer to your question, ‘is consumer durables a good career path’. A marketing manager can earn $142,470 annually, a business analyst receives an annual salary of $77,218.
Why is consumer durables a good career path?
1. Compensation
It is a fact that every employee in any field anticipates a good salary at the end of the day. The field of consumer durables houses careers or professions with a good salary structure. As a result of this, jobs in the field of consumer durables will be appealing to a lot of people with eyes in this industry.
2. Diverse Career Field
Those in the consumer durables field are open to a variety of job opportunities. As a graduate in this field, you are sure to garner a wealth of experience and networking opportunities. This is due to the fact that consumer durable products are widely available, simple to use, and more expensive than most other items.
3. Flexible working hours
This explains the scramble for most professions. While scouting for jobs, it is not out of place for jobs with flexible hours to get enticing. As a matter of fact, everybody loves to have more time for himself. Employees find jobs with flexible work hours more satisfying.
10 Highly Paying Jobs In Consumer Durables Career Path
1. Sales Manager
A sales manager leads and supervises sales personnel and manages the day-to-day sales activities of a corporation. These managers are also in charge of directing the sales strategy, establishing sales objectives, and monitoring sales performance.
2. Social Media Manager
Social media managers project the image and products of a brand; while acting as the exclusive voice of the brand across social media platforms. These managers respond to messages, organize campaigns, and develop content.
3. Retail Manager
A retail manager is in charge of running a retail store. They are also in charge of overseeing sales, employees, and inventory on a daily basis. In addition, all employees in the store report to the retail manager, who reports to a regional or general manager.
4. Finance Manager
Financial managers are in charge of the financial health of a business. They also offer financial reports, oversee investment activities, and create long-term financial strategies and plans for their company. Consumer durables finance managers equally oversee and monitor income and expenditure.
5. Product Designer
This is one of the high-paying jobs in consumer durables. The average annual salary of a product designer is $100,000. A product designer is a specialist who oversees the whole design process for a new product or the improvement of an existing one. To generate concepts for new consumer items, product managers work closely with engineers, product development managers, and production managers.
6. Human resource managers
A human resources manager in the consumer durables industry is in charge of monitoring the company’s recruiting, training, and development of personnel. They also seek to integrate the company’s human resource policy with its commercial goals and objectives.
7. Collections associate
This group of persons acts as a middleman between creditors and clients in order to recover debt on the company’s behalf. Collections associates are responsible for managing accounts allocated to them, contacting debtors, and negotiating payment terms. They make an annual salary of $37,000 on average.
8. Marketing managers
A consumer durables marketing manager is in charge of developing and implementing the marketing strategies for consumer durables items. Developing marketing strategies, managing advertising and promotion efforts, performing market research, and managing product development are all examples of this.
9. Chief executives
These are the organizations’ top dogs in the consumer durables sector. They plan, direct, and coordinate the company’s operations. They earn an average of $184,460 per year. In consumer durables, a CEO is in charge of the company’s overall management and operations. Setting strategy, creating and implementing plans, managing finances, and controlling all elements of the business are all part of this.
10. Manufacturing Engineer
The consumer durable industry is incomplete without a manufacturing engineer. This guy and his team are the brains behind the durable products we have been talking about. A manufacturing engineer is responsible for designing, implementing, and maintaining manufacturing systems.
What Companies Are In The Consumer Durables Field?
- Apple is the largest technology company by revenue, totaling $365.8 billion in 2021. They employ 154,000 people. General Electric manufactures appliances such as washers and dryers.
- Canon is a Japanese electronics company that specializes in cameras, camcorders, scanners printers, and other image products. Their annual revenue is $28.8 billion and they employ 25,377 people.
- Panasonic is a Japan-based company that manufactures consumer electronics, employing 259,385 people and brings in $54.93 billion in annual revenue.
- De’Longhi Appliances is an Italian company that manufactures kitchen appliances such as coffee makers, fryers, and air conditioners.
- Hewlett Packard, a U.S.-based information technology company, has 60,400 employees and has an annual revenue of $27.78 billion.
How Many Jobs Are Available In Consumer Durables?
There is a wide variety of jobs available in consumer durables. The consumer durables industry is a $2 trillion industry that employs around 3 million people. At top consumer durables companies, there are opportunities in Product Design, Marketing, Operations, Engineering, Sales and more.
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