What Do Capital Goods Jobs Pay? Capital goods jobs are some of the most well-paying and sought-after careers in the world, but what do capital goods jobs pay? It might surprise you to know that these high-paying jobs don’t necessarily fall under the professional category, and there are several different kinds of capital goods jobs that pay extremely well.
If you’re interested in pursuing a capital goods job and want to know what they pay, here’s everything you need to know about capital goods jobs pay.
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10 Highest-Paying Capital Goods Jobs
Here are ten of some of the highest-paying capital goods jobs:
1. Electronics Engineers – $112,640
2. Chemical Engineers – $105,530
3. Computer Hardware Engineers – $103,790
4. Mining and Geological Engineers – $101,150
5. Electrical and Electronics Engineering Managers – $100,830
6. Industrial Production Managers – $100,550
7. Aerospace Engineers – $99,840
8. Petroleum Engineers – $98,560
9. Civil Engineers – $97,250
10. Mechanical Engineers – $96,850
The Average Salary for Various Capital Goods Job Roles
While capital goods jobs often pay more than other types of job, there are a number of different roles within each industry that can lead to major salary differences. These salaries depend on location, company size and years of experience.
For example, in Michigan, an entry-level manufacturing engineer position pays $50,000 annually while a senior level engineer with 10+ years of experience could earn $100,000 or more. Additionally, in Minnesota an entry-level machine operator might make $20 per hour while an experienced operator could earn over $30 per hour.
The same is true for many other capital goods industries including: manufacturing plants (e.g., plastics), construction companies (e.g., building equipment) and engineering firms (e.g., architectural).
Salary by State and Metro Area
The Bureau of Labor Statistics breaks down labor market statistics by state and metro area to give a clearer picture of what types of jobs are in demand and what their salary ranges are. Here’s an overview of average salaries for capital goods workers in some major U.S. cities
The Best Schools For All Types of Capital Goods Careers
If you’re in search of a job as a capital goods worker, there are quite a few different types of jobs that might be right for you. Find out more about what to expect from different career paths by reading below For-Profit Sector: If you want to work in capital goods but don’t have a degree or don’t have any interest in attending college, you might want to consider becoming an electrician or plumber.
These jobs usually require little formal education and pay well when compared with other options (electricians make around $60,000 per year).
It can also be easier to get your foot in the door without much experience if you go into these fields. Even if you decide not to stay with these positions forever, they can serve as good entry points into higher-paying industries within capital goods.
While there are no sure things in business, and starting your own capital goods company is quite a challenge, if you do your homework and understand how to start a capital goods business, you might just succeed.
The first step is determining what kind of business you want to run: whether it’s manufacturing or distributing, selling or leasing. Once that’s decided, then it’s time to get out there and find customers and don’t forget about employees too! After all, without people who believe in your vision for success as much as you do, it won’t happen. Good luck with starting a capital goods business.