With the ever-growing demand for capital goods, it’s no surprise that jobs in this field are on the rise. But what kind of income can you expect to make in a high-demand capital goods job? In this blog post, we’ll take a look at some of the most in-demand capital goods jobs and estimate what kind of yearly income you can expect to make in each one.
Highest paid job in capital goods?
1. Manufacturing Director
230,000 ANNUAL INCOME
A Manufacturing Director is responsible for the production process of a company’s products. They oversee the manufacturing staff and make sure that production runs smoothly, efficiently, and safely. In some cases, they may also be responsible for the design of the manufacturing process itself.
The job of Manufacturing Director is a high-level position within a company, and as such, comes with a high salary. The median yearly income for a Manufacturing Director is $120,000. However, salaries can make 230,000 per year, depending on experience and location.
2. Director of engineering
195,000 ANNUAL INCOME
The title of director of engineering may refer to different positions in various organizations, but the general duties are overseeing a team of engineers and ensuring that projects are completed on time and within budget. In some cases, the director of engineering may also be responsible for research and development or managing customer relations. The median annual salary for this position is $179,000 and job growth is expected to be 9% from 2016 to 2026.
3. Electrical engineer
180,000 ANNUAL INCOME
An electrical engineer is a professional who designs, develops, and supervises the manufacturing of electrical equipment. They may work in a variety of industries, including power generation, transmission, and distribution; telecommunications; transportation; control and instrumentation; and consumer electronics.
As an electrical engineer, you will use your knowledge of physics and mathematics to develop new technologies and solve problems. You will work with a team of other engineers and technicians to design, build, test, and install electrical systems. Your work will require you to be creative and innovative as you find new ways to use electricity to improve our lives.
Electrical engineering is a challenging and rewarding career. With the ever-changing landscape of technology, there are always new challenges to face. If you are up for the challenge, then a career as an electrical engineer could be the right choice for you!
4. Software programmer
175,000 ANNUAL INCOME
A software programmer job is a position that involves coding, testing, and maintaining software applications. Most software programmers have a bachelor’s degree in computer science or a related field.
The median annual salary for a software programmer is an average of $105,590, according to U.S. Statistics. The top 10% of earners make more than $180,000 and the bottom 10% make less than $110,000.
Most software programmers work full-time, and many work more than 40 hours per week. They may work evenings or weekends to meet deadlines or solve technical problems.
5. Research and Development Manager
173,000 ANNUAL INCOME
A research and development manager is responsible for overseeing the work of a team of researchers and developers. They ensure that projects are completed on time and within budget and that they meet the required standards. They also liaise with other departments within the company, such as marketing and sales, to ensure that products are developed to meet customer needs.
The role of research and development manager is a highly technical one, and therefore candidates will usually be required to have a good understanding of engineering principles. A degree in engineering or a related field is often essential, along with several years of experience working in research and development.
6. Sales Engineer
160,000 ANNUAL INCOME
Sales engineering is a hybrid of sales and engineering that focuses on pre-sales and post-sales technical support of products and services. A sales engineer is responsible for understanding both the technical aspects of the product or service and how it can be applied to solve customer problems.
The role of a sales engineer is to act as a technical expert and advisor for potential customers during the sales process. They are responsible for providing prospective customers with information about the company’s products or services, as well as answering any questions they may have. In some cases, they may also be responsible for demoing the product or service.
After a sale has been made, sales engineers often become involved in post-sales support, assisting customers with installation, training, and other technical support needs. They may also work with the customer on any modifications or customization that may be required.
The job of a sales engineer requires both strong technical knowledge and excellent selling skills. Sales engineers must be able to effectively communicate with both engineering and non-technical staff, as well as customers who may not have a lot of technical knowledge. They must also be able to understand complex technical problems and find creative solutions that meet the customer’s needs.
7. Marketing Manager
140,000 ANNUAL INCOME
The marketing manager is responsible for the development and implementation of marketing plans designed to generate interest in a company’s products or services. The position involves overseeing all aspects of marketing campaigns, from planning and budgeting to market research and product development. In some cases, the marketing manager may also be responsible for managing a team of marketing professionals.
The average salary for a marketing manager is $120,000 per year. Marketing managers are in high demand due to the ever-changing landscape of marketing and advertising. Companies are constantly looking for innovative ways to reach their target audiences, and the marketing manager is tasked with leading these efforts.
8. Product development engineer
140,000 ANNUAL INCOME
Product development engineers are responsible for the design, testing, and manufacture of new products. They work with a team of engineers to create prototypes and oversee production. They may also be involved in marketing and sales.
Product development engineers must have a bachelor’s degree in engineering. Many also have a master’s degree or Ph.D. They should be proficient in CAD software, project management, and statistical analysis.
9. Robotics Engineer
110,000 ANNUAL INCOME
robotics engineer is a professional who designs, builds, and maintains robots. Robotics engineers are responsible for the creation of robots and robotic systems that are used in a variety of industries, including manufacturing, healthcare, agriculture, and military defense.
Robotics engineers typically have a bachelor’s degree in engineering or a related field. Some employers may require a master’s degree or higher. Robotics engineers must be able to think creatively to design innovative solutions to problems. They must also be able to work effectively as part of a team.
The demand for robotics engineers is expected to grow significantly in the next decade. The median annual salary for this occupation was $85,580 in May 2019.
10. Quality control engineer
90,000 ANNUAL INCOME
A quality control engineer is responsible for ensuring that the products or services produced by their organization meet certain standards. They may develop quality control plans, conduct audits, and inspect products or services to ensure compliance with standards. Quality control engineers typically have a bachelor’s degree in engineering or a related field.
Top companies in the capital goods industry
capital goods companies are always in need of qualified workers to help manufacture and maintain their products. If you are interested in a career in the capital goods industry, research these companies and see if they have any open positions that match your skills
1. General Electric
General Electric Company is an American multinational conglomerate corporation incorporated in New York and headquartered in Boston, Massachusetts. As of 2018, the company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, Transportation, Lighting, and Oil and Gas.
2. Boeing
Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. Boeing employs more than 160,000 people in over 65 countries.
3. TD Ameritrade
TD Ameritrade is an American online broker based in Omaha, Nebraska. The company offers services for individuals and businesses, such as trading stocks, bonds, mutual funds, and ETFs online. It also provides margin lending, cash management services, and retirement planning products.
4. United rental inc
United Rentals, Inc., the company rents out a variety of equipment and tools for both construction and home improvement projects. The company has over 830 locations across the United States and Canada. It is the largest equipment rental provider in North America. Customers can rent online or through the company’s app.
5. Ford motors
The Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling Motors of China. It also has joint ventures in China, Taiwan, Thailand, Turkey, and Russia.
6. Northrop Grumman
Northrop Grumman is an American aerospace and defense technology company, founded in 1939 as Northrop Aircraft Company. The company was created through the merger of two companies, Grumman Aircraft Engineering Corporation and Northrop Corporation. The company has a long history of producing some of the most innovative and technologically advanced products in the aerospace and defense industry.
7. Lockheed martin
Lockheed Martin is a large American aerospace manufacturer with many high-demand capital goods jobs. The company’s estimated yearly income for these jobs is very high, making it a great choice for those looking to make a good living. The company has a wide variety of products and services, so there are many different types of positions available. Whether you’re interested in working on aircraft, missiles, or other types of defense systems, Lockheed Martin has a place for you. With such a large company, there are many opportunities for advancement and growth within the organization. If you’re looking for a challenging and rewarding career, Lockheed Martin is the right place for you.
8. Caterpillar
Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company also provides financing and leasing services through its Caterpillar Financial Services subsidiary. In 2016, Caterpillar was ranked #59 on the Fortune 500 list of largest United States corporations by total revenue.
9. Abb multinational corporation
Abb is a multinational corporation that manufactures and sells electrical products and services for customers in more than 150 countries. The company has more than 120,000 employees and operates in more than 100 countries. Abb’s products and services include power generation and distribution, transmission and distribution, industrial automation, building technologies, and robotics and motion.
10. Union pacific
Union Pacific Corporation is an American railroad conglomerate, headquartered in Omaha, Nebraska. Over the years, Union Pacific has grown to include a diverse set of businesses, including railroads, real estate development, banking, and industrial manufacturing.
Today, Union Pacific is one of the largest transportation companies in the world, with a network of over 32,000 miles of track reaching across 23 states. The company employs over 40,000 people and generates billions of dollars in revenue each year.
Recommendations to get a capital goods job
There are many ways to get a job in the capital goods industry. Here are some recommendations:
1. Get a degree in engineering or another relevant field. This will give you the technical skills required for many positions in the industry.
2. Look for internships or entry-level jobs with capital goods companies. This can be a great way to get your foot in the door and learn about the industry from experienced professionals.
3. Attend trade shows and other events related to the capital goods industry. This is a great way to network and make connections that could lead to a job.
4. Stay up to date on industry news and trends. This will help you understand the needs of employers and position yourself as an informed job seeker.
5. Be willing to relocate. Many capital goods jobs are located in specific geographic areas, so you may need to be open to moving to find work in this field
