If you are interested in getting a job in the area of capital goods, you have come to the right place. In this article we will be showing you the best paid jobs in capital goods, continue reading.
What are capital goods?
capital goods are those used to carry out the production process. We refer, for example, to the machinery that a factory requires and that will belong to the company for a long period of time.
This type of asset is also known as a capital asset, production asset or investment asset.
What are capital goods for?
Capital goods form an essential part of the accumulation of capital that in a capitalist system allows the production of goods, that is, the process by which companies invest their savings or profits in having the adequate means to develop their activities.
Best 10 paying jobs in Capital Goods
1. Manufacturing Director
Average Salary per year: $200,000 per year.
The director of manufacturing works closely with the rest of the executive team. He hires supervisors and managers and sets goals for how much work should be done. He is also responsible for making sure that the factory meets the strictest safety standards.
2. Engineering Manager
Average Salary per year: $149,530 per year.
Engineering managers organize, direct, and plan engineering projects in a company that makes capital goods. An engineering manager needs a bachelor’s degree in engineering and years of experience in the field. This job also involves coming up with plans to improve the engineering department of the company.
3. Marketing Manager
Average Salary per year: $141,490 per year.
Marketing managers are in charge of planning, making, and putting into action strategic marketing plans for companies that sell capital goods in order to get new customers and keep the ones they already have.
Managers of marketing and sales work together to set the price of a product on the market.
4. Sales Manager
Average Salary per year: $132,290 per year.
Sales managers are in charge of a group of salespeople whose job it is to sell a company’s products. If they want to sell capital goods, they need to know a lot about how they are made. To figure out the opportunity cost and marginal cost of an item, a sales manager needs a bachelor’s degree in economics, business, or a technical field.
5. Training and Development Manager
Average Salary per year: $115,640 per year.
Training and development managers work for a company that makes capital goods. They are in charge of training and developing other employees. This is a very important job because capital goods companies sell specialized things like manufacturing technology for the electronics industry or transportation infrastructure for the chemicals industry.
6. Software Engineer
Average Salary per year: $110,140 per year.
Companies that make capital goods need tech jobs like software developers to work well. In the capital goods market, software engineers make computer tools and programs that help the company work better. Even though they don’t work directly with the factors of production, they help capital goods companies keep making money.
7. Mechanical Engineer
Average Salary per year: $90,160 per year.
A mechanical engineer designs, builds, and tests machines that are used to make capital goods. Mechanical engineers make sure that the way their machines are made meets industry standards or what their clients want. In the capital goods industry, the technical services of mechanical engineers are especially important.
8. Project Manager
Average Salary per year: $88,688 per year.
Most projects for capital goods take between one and five years, during which time the goods are made and shipped regularly. This job makes it possible to plan for the long-term growth or repair of a manufacturing plant. Some of the best-paying jobs in project management are project manager, project engineer, and project manager-level jobs.
9. Management Analyst
Average Salary per year: $87,660 per year.
In a company that makes capital goods, a management analyst suggests ways to improve efficiency. By looking at financial records and industrial data, they come up with better ways to make things. This helps the economy as a whole.
10. Quality Control Manager
Average Salary per year: $72,175 per year.
A quality control manager watches employees and how products are made to make sure they meet standards for quality and efficiency. The person in charge of quality control also works with customers to make sure that the finished products meet their standards and expectations.