What Do Capital Goods Jobs Pay In Highest Paying Capital Goods Careers?

Published August 15, 2023 · · Updated May 7, 2024 · 13 minutes · by Kamerpower ·

What Do Capital Goods Jobs Pay In Highest Paying Capital Goods Careers? It depends on many factors including, experience, education and geographic location. In this article, we will take a look at some of the most common and highest paying jobs in this sector. 

Capital goods are assets or products used to produce tangible or intangible assets other companies use to create their own goods or services that will later be sold to customers. Capital goods are any goods used to produce other products, such as computers, vehicles, machinery or tools. There are many different types of capital goods, so there are many types of capital goods jobs. 

Examples Capital Goods & Jobs

Capital goods careers are those that involve the production, distribution, and maintenance of capital goods. These careers are important for the economy because they provide the means for businesses to expand and create new jobs. It includes items such as machinery, equipment, tools, and buildings used in the production process. Common examples of capital goods include:

• Equipment
• Tools
• Buildings
• Construction.
• Machinery
• Vehicles.

What are the List Highest Paying Capital Goods Careers?

• Director of Research and Development
• Metallurgical Engineer.
• Quality Assurance Manager.
• Industrial Engineer.
• General and Operations Managers.
• Machine Learning Scientist
• Director of Product Management.
• Petroleum Geologist
• Principal Research Associate.

Industries In Capital Goods

1. Capital Goods Jobs In Manufacturing

The best-paying jobs in the capital goods manufacturing sector are typically management positions requiring specialized skills or knowledge. Jobs include production managers, quality control managers, electrical engineers and industrial engineers. These positions are responsible for ensuring that the products produced by the manufacturing company meet the highest quality standards and safety. They also work to improve the efficiency of the manufacturing process, which can lead to increased profits for the company.

2. Examples Capital Goods Jobs In Mining. 

There are different types of capital goods jobs in the mining job market, including heavy equipment operators, engineers, and geologists. Capital goods jobs are important in mining because they involve the production and maintenance of the machinery and equipment used in mining operations.

3. Example Capital Goods Jobs In Construction.  

Construction is a critical sector of the economy, and capital goods jobs are an important part of that sector. It plays a vital role in the economy by providing the capital goods necessary for other industries to function. This is why this sector includes the production of buildings, infrastructure, and other construction projects. Capital goods jobs in construction involve the production of equipment and machinery used in the construction industry. These jobs are essential to the economy and provide good wages and benefits such as health and vision insurance, and tuition reimbursement.

4. Electrical Systems Industry

The capital goods industry uses a variety of electrical equipment and systems in its daily tasks to generate and distribute electricity. This industry typically uses large-scale equipment such as turbines, generators, and electric motors to produce electricity.

5. The Automotive Industry.

The automotive industry is one of the most important industries for capital goods. It is a critical sector of the economy and plays a significant role in producing vehicles and other transportation equipment. For this reason, the automotive industry is a major consumer of metals, plastics, and other materials and is a significant source of employment for workers in the manufacturing sector.

What Do Capital Goods Jobs Pay? | Highest Paying Jobs in Capital Goods

1. Quality Control Inspector

Education requirements for a marketing manager in the capital goods industry will include a bachelor’s degree in marketing or a related field. Therefore, the average salary for a marketing manager in the capital goods industry will be $85,000 annually.

2. Sales engineer.

A sales engineer in the capital goods industry will need at least a bachelor’s degree in engineering, business, or a related field. Not to mention, they will also need several years of experience working in sales, engineering, or a related field. Because of that, the median salary for a sales engineer in the capital goods industry is $85,000 per year.

3. Industrial Engineer.

The median salary for an industrial engineer is $124,000 per year. This position is responsible for designing, developing, and optimizing manufacturing and production processes. They may also be involved in the management of production facilities and the implementation of quality control procedures.

4. Director of Research and Development. 

The median salary for a Director of Research and Development is $135,000 per year. To reach a director level, an R&D professional needs 10 years of relevant experience, an advanced degree and the ability to manage people. Developing products and services requires close collaboration with engineers, scientists, marketers and sales representatives, so interpersonal skills are imperative. A Director of Research & Development (R&D) develops or improves products or services to meet unique customer requirements. R&D leaders may oversee the design, testing, production and marketing of these products. For example, a Director of Research and Development with expertise in clean energy innovation can suggest cost-effective ways to reduce the environmental impact of production.

5. Engineering Manager

The median salary for an engineering manager is $137,000 per year. This position is responsible for overseeing the work of engineers and technicians, and ensuring that projects are completed on time and within budget. They may also be involved in the design and development of new products.

6. Human Resources Manager.

The median salary for a human resources manager is $120,000 per year. This position is responsible for leading a team of HR professionals, overseeing the recruitment and selection process, and developing and implementing HR policies and procedures. They may also be involved in employee training and development.

7. Development Manager

The median salary for a development manager is $129,000 per year. This position is responsible for leading a team of software developers, overseeing the development process, and ensuring that projects are completed on time and within budget. They may also be involved in software testing and quality assurance.

8. Marketing Manager.

The median salary for a marketing manager is $134,000 per year. This position is responsible for developing and implementing marketing strategies, overseeing marketing campaigns, and managing a team of marketing professionals. They may also be involved in market research and product development.

9. Industrial Designer

The education requirements for a manager in the industrial design capital goods industry will be a bachelor’s degree in industrial design or a related field. Therefore, the salary for an industrial designer in the capital goods industry will be $85,000 per year.

10. Director of Product Management 

A Director of Product Management is someone who oversees a whole team of people who are directly involved in a product’s creation. Product Managers–the people a director would direct–are responsible for the entire product lifecycle. They work closely with sales, marketing, manufacturing and customer service teams to make sure everything works out correctly. Most Directors of Product Management have bachelor’s degrees, and many have master’s degrees in a related field. In-demand product management skills are data analysis, business development, communication skills and business development. Directors of Product Management tend to stay close to the production line, making sure that everything is running smoothly.

11. Manufacturing Engineer.

A manufacturing engineer in the capital goods industry will need at least a bachelor’s degree in engineering and will presumably earn a salary of $85,000 or more. Many manufacturing engineers also have a master’s degree in engineering or business administration.

12. Software Engineer

The median salary for a software engineer is $128,000 per year. This position is responsible for developing software applications, working with a team of developers, and ensuring that projects are completed on time and within budget. They may also be involved in software testing and quality assurance.

13. General and Operations Managers. 

The average annual salary for a General and Operations Managers is $120,000 per year. General and Operations Managers have bachelor’s degrees and several years of experience. Since business operations can vary widely, having the right experience is vital. General and Operations Managers create, plan and execute business operations. This senior-level position is similar to General Managers, Operations Leaders and General Operations Managers. Depending on the company, someone in this role may manage the day-to-day operations, the entire operation of a company’s people and systems or both.

14. Business Analyst. 

The median salary for a business analyst is $122,000 per year. This position is responsible for analyzing business data, identifying trends and patterns, and making recommendations to improve business performance. They may also be involved in project management and business process improvement.

15. Metallurgical Engineer. 

The median salary for a Metallurgical Engineer is $125,000 per year. This career requires an advanced degree in chemical engineering or metallurgy, as well as at least 10 years of experience in the field. Metallurgists often specialize in one particular type of metal or alloy. Metallurgical Engineers specialize in metal materials and processes. Within the capital goods industry, this is useful for the operation of related production equipment. Metals are critical to the industrial world—from building skyscrapers to automobiles to household appliances—and metallurgists study the behavior of metals to develop novel ways of making them more useful. They evaluate existing alloys to determine suitability for specific applications.

16. Electrical Engineer

The median salary for an electrical engineer is $127,000 per year. This position is responsible for designing, developing, and testing electrical products and systems. They may also be involved in the manufacture and installation of electrical equipment.

17. Guide Managers.

The education requirements for a guide manager in the capital goods industry will include a bachelor’s degree in business administration or a related field. The salary for a guide manager in the capital goods industry is $85,000 per year.

18. Maintenance Occupations. 

The educational requirements for a job in the maintenance and capital goods industry will be a high school diploma or equivalent, and the average income for this type of job will be $35,000.

19. Quality Assurance Manager.

A Quality Assurance (QA) Manager sets quality standards and ensures consistent quality throughout the lifecycle of a product. Average salary is $100,000 per year. QA Managers gather information through internal and external assessments to identify potential improvements. This role is responsible for setting quality standards. QA Managers identify potential problems before they occur, implement solutions, and train people to improve processes for quality control.

20. Assembly Workers

The educational requirements for a job in the assembly worker’s capital goods industry will be a high school diploma or equivalent. The average salary for this type of job is $35,000.

21. Petroleum Geologist

Petroleum Geologist professionals generally earn bachelor’s degrees in geology, earth science, physics, chemistry, mathematics or engineering. Average salary is $109,000 per year. Some continue on to earn graduate degrees. Petroleum Geologists are geosciences professionals who locate oil reserves. They measure pressure and temperature to predict where oil could be located. Similar professionals called Petroleum Engineers determine where to drill for oil as well as what kinds of well to use based on economic feasibility. 

22. Forklift Operators

The educational requirements for a job in the forklift operator’s capital goods industry will vary depending on the employer. However, most employers will require at least a high school diploma or equivalent. The average salary for this type of job is $30,000 per year.

23. Machine Learning Scientist

A Machine Learning Scientist helps businesses create products or services by developing computer programs that can learn over time. Using these models, they analyze consumer behavior, identify patterns, and attempt to predict future behavior. In order to develop computer models, Machine Learning Scientists must have skills in artificial intelligence (AI), statistics and mathematical modeling. Interpersonal communication skills are also essential for people with this job title since they work closely with other departments

24. Principal Research Associate

A Research Associate works with companies to help them understand their market requirements, develop strategies, and create business plans. A Principal Research Associate (PRA) will analyze the information they gather to present the department’s findings. PRAs may specialize in different fields within capital goods, such as chemical manufacturing or energy production.

25. Machinists.

The average salary for a machinist in the capital goods industry is $33,000 per year. Workers will require applicants to possess a high school diploma or equivalent to work as a machinist in the capital goods industry. However, post-secondary education or training may be necessary for some jobs. In addition, some positions may require an associate’s degree or professional certification.

26. Transportation

The average salary for a career in the transportation capital goods industry is $48,000 per year. The educational requirements for a job in the transportation capital goods industry will vary depending on the specific position. However, most jobs in this field require at least a high school diploma or equivalent. 

27. Business Development Manager.

The education requirements for a business development manager in the capital goods industry will be a bachelor’s degree in business administration or a related field and experience coordinating business development efforts. As a result, the average income for a business development manager in the capital goods industry will be $85,000.

28. Quality Control Inspector

The average salary for a marketing manager in the capital goods industry will be $85,000 annually. The education requirements for a marketing manager in the capital goods industry will include a bachelor’s degree in marketing or a related field. 

29. Customer service representative.

Those working in customer service representative roles in the capital goods industry may be responsible for interacting with customers and consumers, interacting with potential customers to gain their sales, ensuring products meet customer specifications and acting as the point of contact for any issues. They’re also usually responsible for liaising between consumers and company representatives and building relationships with existing and potential clients.

30. Quality Control Manager

The education requirements for a quality control manager in the capital goods field will be a bachelor’s degree in engineering or related fields. Given that, the average salary for a quality control manager in the capital goods industry will be $85,000 per year.

31. Warehouse worker

Warehouse workers are responsible for a number of tasks in a warehouse setting. They often work to fulfill orders and ensure they’re packed and shipped accurately and on time. The job also involves loading and unloading delivery vehicles, securing items onto pallets and moving them around the workspace and unloading stock from delivery vehicles.

What Companies are in the Capital Goods Field

• 3M Company (MMM).
• Pentair plc (PNR).
• Walt Disney Company (DIS).
• Parker-Hannifin Corporation (PH).
• Rockwell Automation, Inc. (ROK).
• Caterpillar Inc. (CAT)
• Cummins Inc. (CMI)
• Deere & Company (DE).
• Illinois Tool Works Inc. (ITW).
• Timken Company (TKR).

How To Get the Best Paying Jobs in Capital Goods.

1. Develop a skillset.

The capital goods industry is large and diverse, so it’s important to develop a niche skillset that will make you stand out from the competition. You’ll be able to command a higher salary and have more opportunities for advancement.

2. Get experience.

Experience is always valuable, but it’s especially important in the capital goods industry. Employers in this sector are looking for workers with a proven track record of success. 

3. Try Networking:

The capital goods industry is full of networking opportunities. Attend trade shows, conferences, and other events where you can meet potential employers and learn about new job openings.

4. Apply for Job in high paying location:

The best paying jobs in the capital goods industry are often found in large metropolitan areas. If you’re willing to relocate, you may be able to find a higher paying position.

Reasons Why Capital Goods is a Good Career Path?

1. Job stability.

Despite changes in the markets and economy, careers in capital goods tend to be quite stable. This is because, despite increases and decreases for businesses, those involved in capital goods typically maintain high demand and are less affected by economic factors.

2. High job satisfaction

As the field involves creating tangible objects as products of your work, you can gain a high level of satisfaction in your job. It also means that you’re likely to maintain a physical lifestyle as you progress in your career, adding to your physical and mental well-being.

3. Minimal experience needed

Many of the roles related to capital goods provide on-the-job training, meaning that you can begin your career without extensive education or experience in the field. Working with others and gaining on-the-job training can also help you develop skills and learn tips for the workplace faster.

4. Many job opportunities

The capital goods sector offers many entry-level opportunities for you to pursue as you begin your career. As you gain knowledge, skills and experience, there are often many opportunities for you to progress in the company or industry where you work. For example, you may begin your career in entry-level manufacturing positions, then be provided with opportunities to move to supervisory and management roles within the company.

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