15 Best Paying Jobs In Capital Goods [ Complete Guide 2024]

Are you looking for the best-paying jobs in capital goods? It’s helpful to understand that capital goods increase worker productivity, making firms more efficient and producing more products faster.
Furthermore, capital goods boost a company’s profitability, resulting in overall economic growth and a greater GDP.
Therefore, we’ve compiled a list of the top 15 highest-paying jobs in capital goods you should know.

1]: Chief Executive Officer (CEO)

Minimum Required Qualifications: Bachelor’s Degree
Median Pay:  $627,652 – $1,070,165 per year (Salary 2023)

CEOs are often the highest-paid executives in every industry. They are in charge of achieving the board of directors’ goals and objectives. In addition, the CEO encourages organizational change, motivates employees, and updates the board of directors on corporate performance.

2]: Chief Financial Officer (CFO)

Minimum Required Qualifications: Bachelor’s Degree
Median Pay:  $330,800 – $560,200 per year (Salary 2023)

In an organization, the chief financial officer (CFO) is in charge of finances. They oversee the management of a business’s finances by monitoring cash flow, making financial plans, and assessing the strengths and weaknesses of the organization’s finances. We consider this as one of the best paying jobs you can find in capital goods.

3]: Engineering Managers

Minimum Required Qualifications: Bachelor’s Degree
Median Pay:  $127,219 per year (Indeed 2023)

An Engineering Manager is in charge of supervising engineering teams, which includes creating project goals, managing resources, and assuring technical quality during product development. This is considered one of the best jobs in capital goods.

4]: Research and Development Director

Minimum Required Qualifications: Bachelor’s Degree
Median Pay: $106,866 per year (Glassdoor 2023)

Directors of research and development oversee the innovation initiatives in the capital goods sector. They manage research initiatives, create new goods and technology, and work with others to improve what is already available.

5]: Manufacturing Plant Managers

Minimum Required Qualifications: Bachelor’s Degree
Median Pay: $116,420 per year (ZipRecruiter 2024)

The capital goods company’s manufacturing plant managers are in charge of managing the production procedures. They oversee the plant’s operations, keep an eye on production goals, and put quality assurance and cost-cutting measures into practice.

6]: Architectural and Engineering Managers

Minimum Required Qualifications: Bachelor’s Degree in Engineering
Median Pay: $146,868 per year (ZipRecruiter 2024)

Architectural and Engineering Managers in the capital goods business are in charge of planning, directing, and coordinating operations in engineering, building, and manufacturing.

7]: Mechanical Engineers

Minimum Required Qualifications: Bachelor’s Degree in Architecture or Engineering
Median Pay:  $131,012 per year (ZipRecruiter 2024)

As a mechanical engineer in capital goods, your responsibilities will include studying, designing, building, developing, and testing mechanical equipment such as sensors, engines, tools, and machines.

8]: Quality Assurance Managers

Minimum Required Qualifications: High school Diploma or equivalent.
Median Pay:  $131,012 per year (Built-in 2024)

Quality assurance managers in the capital goods business guarantee that the products fulfill the necessary quality standards. They create and execute quality control methods, carry out audits, and work with engineering and manufacturing teams to enhance product quality.

9]: Industrial Production Managers

Minimum Required Qualifications: Bachelor’s Degree
Median Pay: $70,832 per year (2024)

Industrial production managers in the capital goods company handle all manufacturing activities and associated plants. The primary objective is to allocate the company’s limited resources and supplies to maximize output.

10]:  Computer-Aided Design (CAD) Technicians

Minimum Required Qualifications: Relevant degree, skill, or experience in drafting.
Median Pay: $27.48 per hour (ZipRecruiter 2024)

As the manufacturing process has been increasingly computerized in recent decades, the demand for trained specialists who apply CAD software to study and create goods has grown.

11]: Marketing Managers

The marketing manager’s job in the capital goods industry is to organize, plan, and carry out the company’s product marketing campaigns.

Minimum Required Qualifications: Bachelor’s Degree in Marketing
Median Pay: $89,675 per year (Glassdoor 2024)

12]: Sales Director

Minimum Required Qualifications: Bachelor’s Degree in Marketing
Median Pay: $247,836 per year (Glassdoor 2024)

Sales directors in the capital goods industry oversee the sales force, establish sales goals, and create plans to meet financial targets. They cultivate customer connections, negotiate contracts, and guarantee the business’s sales targets are fulfilled.

13]: Financial Controller

Minimum Required Qualifications: Bachelor’s Degree
Median Pay: $103,737 per year (Indeed 2024)

Financial controllers are essential to managing a capital goods company’s finances in the capital goods sector. They supervise budgeting, financial reporting, and analysis to maintain the company’s financial stability and regulatory compliance.

14]: Training and Development Managers

Minimum Required Qualifications: Bachelor’s Degree
Median Pay: $80,622 per year (ZipRecuiter 2024)

Training and development managers oversee training initiatives, staffing levels, and budgets in the capital goods sector. They are responsible for creating or selecting the course materials and resources for training programs.

15]: Procurement Specialists

Minimum Required Qualifications: A bachelor’s degree in economics, engineering, business administration, or supply chain management.
Median Pay:  $72,318 per year (Glassdoor 2024)

Purchasing and Procurement Specialists in the capital goods industry acquire the many commodities a business requires. Among their core duties are locating significant suppliers, negotiating purchasing agreements on behalf of the business, and ensuring that their products and materials meet the organisation’s needs.

Other high-paying jobs in capital goods include:

• Industrial Engineer: Focus on efficiency and process improvement in manufacturing.
• Business Development Manager: Identify and create new business opportunities.
• Sales Manager: Oversee the sales team and develop sales strategies.
• Human Resources Director: Manage human resources functions within the company.
• Legal Counsel: Provide legal advice and support to the company.

The Capital Goods Industry: What Is It?

Capital goods are produced items intended for subsequent manufacturing processes rather than for general public consumption.

In addition, capital goods are used by businesses to support the production or delivery of products and services, Unlike consumer goods, which are meant for immediate consumption by consumers.

Examples of capital goods include:

• Machinery
• Equipment
• Buildings
• Vehicles
• Tools
• Technology infrastructure.

Capital Goods Job Outlook

With market demand increasing, capital goods companies sense an opportunity to continue investing in new technology equipment and workforce.

Also, with an 8% increase in predicted job vacancies between 2020 and 2030, there are many career prospects in the capital goods sector, at the start of 2023, these sectors had more than 100,000 job openings. Therefore, manufacturing is the most dominant in the industry, while construction and engineering are close behind.

Is Capital Goods a Good Career Path?

Yes, a career in capital goods is a great way to advance in your profession. Working in the capital goods industry may include you in the procurement of raw materials, the production process, or the construction of an industrial complex.

Many of these positions need specialization in one form or another, whether from training, schooling, or accumulating work experience.

Requirements And Skills For The Capital Goods Industry

To work in a capital goods firm, you must have a solid educational background in engineering, preferably mechanical, electrical, or industrial engineering. However, working in capital goods may be both challenging and rewarding.

Pros and Cons of Working in Capital Goods

Getting a job in capital goods can be a great way to get started in a lucrative industry, but it’s important to consider both the pros and cons before deciding if capital goods is the right path for you. So, with this you can make the best decision.

Pros:

• Job security
• Good salary
• Growth Opportunity

Cons:

• Long working hours
• High-pressure environment
• Limited creativity

Best Paying Jobs In Capital Goods (FAQs)

Bottom Line

The capital goods company operations fluctuations in job availability, which are caused by a complex combination of technical, economic, and industry-specific variables.

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