What Do Capital Goods Jobs Pay?

What Do Capital Goods Jobs Pay is the questions on the lips of every young professionals seeking for a job opportunity in the capital goods industry. If you’re looking for a well-paying job opening in the capital goods business, you are in the right place. Your qualifications and experience, has a huge role to play as you choose from a wide range of excellent opportunities. 

What Is Capital Goods?

Capital goods as defined by Investopedia are physical assets that a company uses in the production process to manufacture products and services that consumers will later use.

Furthermore, Capital Goods refer to those products that are used in the production of other products but are not put into the new product. These include:

Example of Capital Goods

  • machine tools,
  • industrial machinery,
  • process plant equipment,
  • construction & mining equipment,
  • electrical equipment,
  • textile machinery,
  • printing & packaging machinery etc.

Employment Opportunities in Capital Goods Industries

The Capital Goods industry is a great start-up place for young engineering graduates who want to develop their skills and stay current while earning a good living. When looking for a job in the Capital Goods market, you have a lot of alternatives some paying jobs in capital goods are as follows Union Pacific, GE, Honeywell Foreign, Lockheed Martin, United Rentals Inc., and Boeing all have international employment options that include retirement plans, vision insurance, tuition reimbursement, vacation days, medical insurance, and dental insurance.

The majority of companies in the Capital Goods category are concerned about their employees’ well-being. As a result, Capital Goods is regarded as a great place to work for young people. There are numerous benefits and perks (mentioned below), including health and insurance benefits, employee retirement plans, and more.

What Do Capital Goods Jobs Pay Engineering Manager?

Do you want to be well paid as a Capital goods worker? if yes, then your best bet should be to be a good career path as an Engineering manager. Management of all the engineering activities in a corporation such as (machines, human recourses, equipment, and productions) is the responsibility of engineering managers, who plan, direct, and coordinate engineering activities. Most Engineering Managers often hold a bachelor’s degree in engineering and have several years of professional experience in the industry. To answer the question, what do capital goods pay engineering managers around $103,000 per year on average.

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7 Top Paying Jobs in Capital Goods

1. Manufacturing Engineers

Manufacturing Engineers are specialist in the design and operation of integrated systems for the production of high-quality, economically competitive products. These systems may include computer networks, robots, machine tools, and materials-handling equipment.

The manufacturing engineer is know as:

  • Efficiency Engineer,
  • Manufacturing Engineer,
  • Packaging Engineer,
  • Production Engineer

What Do Capital Goods Jobs Pay Manufacturing Engineer?

A Manufacturing Engineer earns an average salaries between the range of $57,950 to $136,930 depending on tenure and his industry expertise. Most manufacturing engineering earn salaries of ninety-three thousand six hundred and ten dollars ($93,610) per year. Manufacturing engineers in New Mexico makes the most money as reported by recruiter, where they earn compensation, on average, of near $113,920.

2. Senior Mechanical Engineer

A senior mechanical engineer in the capital goods sector mostly carries out research and builds, evaluates, and improves electrical and mechanical systems, devices, and equipment. The senior engineer designs machines engines, turbines, generators, and machines using computer-aided design and drafting (CADD) software.

What Do Capital Goods Jobs Pay Senior Mechanical Engineers?

An entry-level Senior Mechanical Engineer with less than 1 year experience earns an average net salary (which includes tips, bonus, and overtime pay) of $92,630 based on 38 salaries. An early career Senior Mechanical Engineer with 1-4 years of experience earns an average net salary of $91,761 based on 500 salaries received.

A mid-career Senior Mechanical Engineer with 5-9 years of experience in the capital goods sector earns an average net salary of $97,121 based on 2,285 salaries. An experienced Senior Mechanical Engineer with 10-19 years of experience earns an average net salary of $105,577 based on 2,166 salaries. In their late career (20 years and higher), employees earn an average net salary of $113,898.

3. Electrical Engineer

The Electrical engineers design, develop, test, and supervise the manufacture of electrical equipment, such as electric motors, radar and navigation systems, communications systems, or power generation equipment. Electrical engineers designs the electrical systems of automobiles and most aircraft.

What Do Capital Goods Jobs Pay Electrical Engineers?

The average salary for a electrical engineer is $86,815 per year in the United States.

What Do Capital Goods Jobs Pay Electrical Engineers?

Most common benefits Electrical Engineers enjoy are as follows:

  • 401(k)
  • 401(k) matching
  • AD&D insurance
  • Adoption assistance
  • Dental insurance
  • Disability insurance
  • Employee assistance program
  • Employee discount
  • Employee stock ownership plan
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Opportunities for advancement
  • Paid time off
  • Parental leave
  • Pet insurance
  • Professional development assistance
  • Profit sharing
  • Referral program
  • Relocation assistance
  • Retirement plan
  • Tuition reimbursement
  • Vision insurance
  • Wellness program
  • Work from home

4. Quality Control Manager

A quality control manager also known as a quality assurance manager in the capital goods sector is a person who monitors or supervises other staff. He measures every step involved in the production processes. The quality assurance manager ensures a company’s products meet the high-quality demand of standard organizations and are ready for sale or distribution.

What Do Capital Goods Jobs Pay Quality Control Manager?

The average salary for a quality control manager is $71,760 per year in the United States and $5,000 profit sharing per year.

Most common benefits for Quality Control Managers

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Disability insurance
  • Employee assistance program
  • Flexible spending account
  • Health insurance
  • Life insurance
  • Paid time off
  • Parental leave
  • Tuition reimbursement
  • Vision insurance

5. Industrial Designer

An industrial designer creates the idealization for manufactured products, such as cars, home appliances, electronics, and toys. The most industrial designer combines art, business, and engineering to make products that the masses use every day.

Industrial designers for example imagines how consumers might use a product and examine different designs with a consumer or different customers to see how each design looks and will work.

What Do Capital Goods Jobs Pay Industrial Designer?

The average salary for an industrial designer in the United States is around $77,030 per year its a paying jobs in capital. Wages typically start from entry level of $44,840 and go up to $128,210 for senior industrial designer.

What Do Capital Goods Jobs Pay?

6. Research and Development Manager

It’s the duty of research and development managers to determine, implement and monitor research and development strategies and priorities to support the organisational commercial, policy or research objectives. They lead major research projects and provide research advice to their employers.

What Do Capital Goods Jobs Pay Research and Development Manager?

An entry-level Research & Development (R&D) Manager with below 1 year experience earns an average net salary (which includes tips, bonus, and overtime pay) of $77,284 based on 10 salaries. An early career Research & Development (R&D) Manager with 1-4 years of experience earns an average net salary of $81,808 based on 256 salaries. A mid-career Research & Development (R&D) Manager with 5-9 years of experience earns an average net salary of $100,243 based on 313 salaries. An experienced Research & Development (R&D) Manager with 10-19 years of experience earns an average net salary of $111,787 based on 474 salaries. In their late career (20 years and higher), employees earn an average net salary of $117,164. According to Payscale

What Do Capital Goods Jobs Pay?

7. Sales Engineer

A Sales engineer specializes in technologically and scientifically advanced products. A salesperson explains the benefits of their products or services to potential customers and shows how their products or services are better than their competitors.

Sales engineering as explained by Wikipedia says that:

Sales engineering is a hybrid of sales and engineering that exists in industrial and commercial markets. Buying decisions in these markets are made differently than those in many consumer contexts which are based on technical information and rational analysis and less on style, fashion, or impulse.

What Do Capital Goods Jobs Pay Sales Engineer?

The average salary for a sales engineer earns is around $86,282 per year in the United States with $20,000 commission per year.

Most common benefits for Sales Engineers

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Disability insurance
  • Employee assistance program
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Parental leave
  • Tuition reimbursement
  • Vision insurance
  • Work from home

Do Capital Goods Jobs Pay What Is Reasonable?

yes! Capital goods jobs are among the high-paying industries in the world. The Capital Goods industry is an interesting work industry for young professionals who want to explore their skills. This professional job is for workers that want to remain relevant in the industry while earning sustainable incomes.

I think that, the Capital Goods industry has enoumorse opportunities for growth examples are Companies like Union Pacific, General Electric, Honeywell International, Lockheed Martin, United Rentals Inc., Boeing offers divers opportunities for international careers with mouth watering retirement plans, vision insurance, tuition reimbursement, vacation days, medical insurance, and dental insurance as mentioned above.

Examples of What Other Capital Goods Jobs Pay.

Here are lists of what capital goods jobs pay per annum.

If the jobs outlined or explained above did not cover your scope of paying jobs in the capital:

  • Computer-Aided Design Technicians: $65,000 per year.
  • Robotics Engineer salary: $107,000. per year.
  • Manufacturing Engineer: $71,980 per year
  • Director of Manufacturing: $123,000 per year.
  • Electrical Engineers salary: $78,016 per year.
  • Business Development Manager salary: $75,544 per year.
  • Marketing Manager salary: $109,831 per year
  • Sales Engineers salary: $74,250 per year
  • Engineering Manager salary: $137,956 per year
  • Research and Development Manager salary: $144,880 per year

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