what do capital goods jobs pay

What Do Capital Goods Jobs Pay In 2022? Complete Guide

Eshita Pathak
By Eshita Pathak 18 Min Read

If you’re wondering what do capital goods jobs pay, you have come to the right place.

Capital goods are the machinery, structures, and other artificial manufacturing infrastructure required to produce the items you use daily. The capital goods sector ensures manufacturers can satisfy consumer demand by providing these production components. 

Capital good jobs offer competitive wages for specialized technical skills, whether you’re designing cars or manufacturing equipment that produces parts. Businesses rely on capital goods, so these professions are crucial to the economy. 

Individuals who work as engineers, production managers, and logistics managers, among other things, are critical to these professions. 

This post will provide information on what do capital goods jobs pay and the education requirements for the highest-paying jobs in capital goods.

What are capital goods?

Before learning about what do capital goods jobs pay, let’s see what capital goods are.

Capital goods are items used in producing other goods that are not included in the finished product. For example, machine tools, industrial machinery, process plant equipment, construction and mining equipment, electrical equipment, textile machinery, and printing and packaging machinery are capital goods.

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Examples of Capital Goods

  1. Machinery
  2. Steel
  3. Textile- that includes cotton, wool, and nylon.
  4. Automotive includes components for bikes, cars, trucks, and other vehicles.
  5. Chemicals- include oils, minerals, natural gasses, and so on.
  6. Electronics- semiconductors, industrial, telecommunications, and consumer electronic components.

What do capital goods jobs pay?

The capital goods industry is among the highest-paying industries in the world. Your earnings will depend on your position and experience, and you’ll want to earn a fair salary. 

If you’re thinking of working in this field, you’ll want to know how much you’ll make. Because of the enormous salaries offered in this sector, jobs routinely pay over $100,000 annually. 

However, salaries will vary based on your experience, skills, and position. The capital goods industry is a good option if you desire to earn a substantial income and are wondering what do capital goods jobs pay.

Best-Paying jobs in capital goods

It is hard to answer this query since several aspects include education, experience, and location. However, we can study some of the most frequent and highest paying jobs in this field to get an idea of the best choices and understand the topic of what do capital goods jobs pay. 

1. Engineering Manager

Average Salary: $149,530

An engineering manager at a capital goods firm coordinates, directs, and plans for engineering projects. The company’s engineering department can also be improved through planning by an engineering manager, who must have an undergraduate degree in engineering and many years of experience.

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2. Marketing Manager

Average Salary: $141,490

The industry demands of capital goods firms must be well understood by marketing managers. A marketing manager for capital goods businesses designs, develops, and executes marketing programs to gain new customers and keep existing ones. Salespeople and marketing managers collaborate on product pricing. 

A marketing manager must hold a Bachelor’s Degree in Marketing or Advertising. 

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3. Sales Manager

Average Salary: $132,290

A team of sales representatives must sell a capital goods product under the supervision of a sales manager. To do so, sales managers must deeply understand the production process. They must also carry a Bachelor’s Degree in Economics, Business, or a related discipline to evaluate the opportunity and marginal costs of the products.  

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4. Training and Development Manager

Average Salary: $97,000

Because capital goods firms deal in specialty items such as electronic manufacturing technology or chemical shipping infrastructure, training and development managers are responsible for training and developing other employees. 

This is an important job because capital goods companies sell specialty items. A training and development manager must have a Bachelor’s Degree in Training and Development or a closely related subject.

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5. Software Developer

Average Salary: $110,140

The capital goods sector relies on technology jobs, such as software developers. Software developers in the capital goods sector create computer apps and programs to make the company operate more efficiently. 

They are not directly involved in production factors, but they assist capital good companies to stay profitable. A software developer must hold a Bachelor’s Degree in Computer Science or a related field. 

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6. Mechanical Engineer

Average Salary: $90,160

Mechanical engineers design, develop, and test machines required for producing capital goods. Mechanical engineers ensure that the production process for their devices meets industrial standards or client specifications. 

Mechanical engineers provide technical services to the capital goods sector, which is critical. A Mechanical Engineer must hold a Bachelor’s Degree in Mechanical Engineering or Mechanical Engineering Technologies. 

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7. Electrical Engineer

Average Salary: $103,390

Electrical engineers develop and fabricate all the electrical infrastructure required for capital goods production. They also develop and produce electrical components for equipment used in production and maintain all the custom-built equipment. An Electrical Engineer must hold a Bachelor’s Degree in Electrical Engineering or a related field.

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8. Industrial Engineer

Average Salary: $88,950

Industrial engineers in the capital goods sector ensure that machines are in good working order. In addition to maintaining devices, they also design production processes in a factory space to maximize productivity by streamlining them. An Industrial Engineer must hold a Bachelor’s Degree in Industrial Engineering or a related field.

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9. Project Manager

Average Salary: $88,688

Long-term project planning is possible because capital goods projects usually take one to five years to complete. Capital goods projects enable long-term planning of manufacturing facility expansions or restorations. 

Among the highest-paying job positions in project management are project manager, project engineer, and project manager-level. A Project Manager must hold a Bachelor’s Degree in Management, Business, or any related field.

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10. Business Analyst

Average Salary: $122,000

A business analyst reviews corporate statistics to forecast trends and patterns and recommends ways to boost performance. In addition, they may be involved in project management and process improvement. 

A Business Analyst must hold a Bachelor’s Degree in a quantitative field like economics, finance, computer science, data science, statistics, information management, or a similar field.

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11. Quality Control Inspector

Average Salary: $40,460

A quality control manager checks and evaluates capital goods products for defects and ensures the products meet government standards. Quality control inspectors provide crucial technical assistance to capital goods companies to ensure a smooth production process and high-quality products. 

A Quality Control Inspector job requires a high school diploma. An associate or bachelor’s degree is not required for entry-level work but is necessary for career advancement. 

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12. Human Resource Manager

Average Salary: $120,000

HR managers lead HR teams, oversee recruitment and selection processes, and develop and implement HR policies and procedures. In addition, they may be involved in employee training and development and the employee onboarding process

A Human Resource Manager must hold a Bachelor’s Degree in Human Resources or a related field, such as finance, business management, or education.

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13. Warehouse Worker

Average Salary: $31,519

A Warehouse Worker is an integral part of any company that stores or processes orders or products. They supervise the receipt and processing of incoming materials, pick orders from warehouse stock, and manage them. 

A Warehouse Worker job requires a high school diploma or GED. An associate or bachelor’s degree is not required for entry-level work but is necessary for career advancement. 

The image below shows the different warehouse job titles.

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14. Credit Controller

Average Salary: $166,973

An improving economy is driving more and more individuals to seek employment. This is terrific news for credit controllers, who determine whether a person has a good credit rating to be accepted for a specific product or service. 

Credit controllers might work in several areas, including accounts, accounts payable, accounts receivable, or enterprise resource planning. These occupations are crucial in an industry where increased demand for a product can result in higher prices. 

To become a credit controller, you need a Bachelor’s Degree in Accounting, Finance, Business, Mathematics, or a related field.

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15. Customer Service Representatives

Average Salary: $40,424

Customer service professionals are increasingly safeguarding manufacturing employment, support, and feedback issues. Depending on the item and sector, customer service representatives may work in customer service departments, sales, or marketing. 

A single company employs most, but some may assist customers throughout the purchasing process. Customer service agents, customer service managers, and customer service managers are the highest-paid employees in the industry. 

The Customer Service Representative job requires a high school diploma or GED. An associate or bachelor’s degree is not required for entry-level work but is necessary for career advancement. 

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Summary Table: Highest-Paying Capital Goods Careers

Capital Goods CareersCapital Goods SalariesMinimum Education
Engineering Manager$149,530Bachelor’s Degree in Engineering
Marketing Manager$141,490Bachelor’s Degree in Marketing or Advertising
Sales Manager$132,290Bachelor’s Degree
Training and Development Manager$115,640Bachelor’s or Master’s Degree
Software Developer$110,140Bachelor’s Degree in Computer Science
Mechanical Engineer$90,160Bachelor’s Degree in Mechanical Engineering
Electrical Engineer$103,390Bachelor’s Degree in Electrical Engineering
Industrial Engineer$88,950Bachelor’s Degree in Industrial Engineering
Project Manager$88,688Bachelor’s Degree in Management
Business Analyst$122,000Bachelor’s Degree in a quantitative field
Quality Control Inspector$40,460High school diploma or GED
Human Resource Manager$120,000Bachelor’s Degree in Human Resources
Warehouse Worker$31,519High school diploma or GED
Credit Controller$166,973Bachelor’s Degree in Accounting or Finance
Customer Service Representative$40,424High school diploma or GED

How can you find the best-paying jobs in the capital goods industry?

After learning what do capital goods jobs pay, it’s time to figure out how you can get the highest-paying jobs in the capital goods sector. 

The capital goods sector offers a variety of career paths, so the most lucrative one depends on your skills, experience, and location. However, some general suggestions may help you land a well-paid job.

Develop a niche skill set: It’s crucial to build a unique set of expertise to stand out in the capital goods sector. By focusing on a specific discipline, you may demand higher pay and have a better chance of promotion.

Get experience: The capital goods sector is especially interested in the background. Employees in this sector must display a history of successful performance. If you do not know this industry, seek a job in a related field to apply your skills.

Network: There are many networking options in the capital goods sector. You can meet prospective employers and obtain information on open positions at trade shows, conferences, and other events.

Consider relocating: Large metropolitan areas often offer the highest paying jobs in the capital goods industry. If you are willing to relocate, you may be able to find a better-paid job.

Tailor your Resume: An interview is challenging to get without a well-written resume. Look online for examples of effective cover letters and resumes to see whether you can use them. If you don’t feel confident about your resume-writing skills, hire someone to help you.

Following the above tips can boost your chances of landing the highest-paying jobs in the capital goods industry.

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What companies are in the capital goods industry?

Many companies in the capital goods sector have significant market dominance in the US alone and worldwide. These companies regularly recruit thousands of job seekers into the industry to keep the moving train going.

Just a few of the outstanding companies in this sector include the following:

  • Union Pacific (UP)
  • General Electric (GE)
  • United Rental Inc. (URI)
  • Boeing (BA)
  • Caterpillar Inc. (CAT)
  • ABB (ABBN)
  • Northrop Grumman (NOC)
  • Ford Motor Company (F)
  • Lockheed Martin (LMT)
  • Honeywell International (HON)

To understand this topic further, read our review on “What companies are in the capital goods field?“.

Is capital goods a good career path?

Certainly yes! Working in the capital goods sector is a good alternative. Young professionals who want to develop their abilities while earning a steady income may want to consider working in the Capital Goods industry. 

Capital goods jobs usually pay competitive wages and provide interesting daily tasks. Working in the capital goods sector requires a passion for the job. 

If you’re considering jumping into the capital goods market, you should ensure you understand the occupation strongly. Capital goods jobs are frequently unionized and come with excellent union resources. 

Employees at Capital Goods firms receive health insurance, pension plans, and well-equipped health and fitness facilities, in addition to many other advantages. 

Hopefully, you have complete knowledge about what do capital goods jobs pay. You might need to be physically active if you choose a career in the capital goods industry.

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Wrapping Up

Capital Goods Jobs is one of the fastest-growing job boards. It is a job board that connects qualified professionals with manufacturing jobs.  

There are various high-paying job opportunities in this sector if you’re looking for them. You can pursue several excellent options with the right skills and experience. 

You can learn more about command economy principles to make an even more significant impact in this field. You might be able to make an even more substantial contribution to the capital goods sector if you have the proper training and credentials. 

We hope this article answers the question, “what do capital goods jobs pay.” 

FAQs

What are the high-paying jobs in capital goods?

Senior mechanical engineers, marketing managers, sales managers, manufacturing engineers, electrical engineers, quality control inspectors, and industrial engineers are among the highest paid in this field and often require a degree in engineering and years of experience.

Can I earn more than $100,000 per year working in capital goods?

You might be wondering what do capital goods jobs pay. Do they spend more than $100k annually?

Capital goods businesses usually offer lower wages for entry-level positions, but as you gain experience, you may be compensated more generously. You can indeed earn more than $100,000 annually working in capital goods. Senior managers, software developers, and engineers make over $100,000 annually. 

Can I get a tech job in the capital goods industry?

Yes, capital goods enterprises also hire tech experts like software developers. As manufacturing becomes increasingly automated, there will be more tech jobs in the capital goods sector. 

What are the benefits of a capital goods career?

What do capital goods jobs pay? Working in the capital goods sector offers several advantages, including retirement planning, vision insurance, tuition reimbursement, vacation days, medical and dental insurance, etc.

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