In short, the capital goods manufacturing industry comprises businesses that produce durable goods such as machinery, engines, and other equipment used for industrial and commercial purposes. The industry also produces certain consumer durables, such as cars, bicycles, and sports equipment. Jobs in the capital goods manufacturing industry are critical to keeping the economy moving forward; without them, many other industries would be unable to function.
1. Aircraft Mechanics and Service Technicians – $65,550
As an aircraft mechanic, you will be responsible for performing a wide range of maintenance and repair tasks on aircraft. This may include scheduled maintenance, such as engine checks and oil changes, as well as more extensive repairs. You will use a variety of tools and test equipment to diagnose problems and determine the best course of action. In some cases, you may need to disassemble and reassemble aircraft components. Aircraft mechanics typically work in hangars or on airfields, and they may be required to work in shifts, including evenings and weekends. The median annual salary for aircraft mechanics is $65,550 per year, according to the U.S. Bureau of Labor Statistics. However, salaries can range from $35,920 to $85,130 per year, depending on experience, location, and employer.
2. Electrical Engineers – $101,780
Electric engineers in the Capital Goods Manufacturing Industry earn a median salary of $101,780 per year. The top 10% earn more than $134,880, while the bottom 10% earn less than $64,000 according to Indeed. Electric engineers in this industry are responsible for designing, developing, and testing electrical equipment and systems. They may also be involved in project management, quality assurance, and product development. In some cases, they may also be responsible for overseeing the manufacture of electrical equipment. The most successful electric engineers are those who are able to combine creativity with technical expertise. They must be able to think outside the box to develop innovative solutions to complex problems. At the same time, they must have the technical skills necessary to bring their ideas to fruition. Those who excel in this field can expect to earn a comfortable salary.
3. Industrial Engineers – $95,300
Industrial engineers in the capital goods manufacturing industry typically earn a median salary of $95,300 per year. They are responsible for a wide range of tasks, from designing and installing production lines to optimizing workflow and ensuring quality control. In many cases, they also oversee the maintenance of machinery and equipment. With their broad knowledge of engineering principles, industrial engineers play an important role in keeping production running smoothly and efficiently. In addition to their technical skills, they also need to be able to work well with other members of the production team, as well as with managers and executives. As the capital goods manufacturing industry continues to grow, there will be an increasing demand for industrial engineers who can help keep production moving forward.
4. Mechanical Engineers – $95,300
As a mechanical engineer in the Capital Goods Manufacturing industry, your responsibilities will vary depending on the company you work for. However, some common tasks include designing and testing prototypes, overseeing production, and coordinating teams of factory workers. In addition to these engineering duties, you may also be responsible for managing budgets and schedules, as well as communicating with clients and customers. As with most engineering jobs, the Capital Goods Manufacturing industry offers a competitive salary. According to the Bureau of Labor Statistics, the median annual salary for mechanical engineers is $95,300. With experience, you can expect to earn even more. So, if you’re looking for a challenging and rewarding career, consider becoming a mechanical engineer in the Capital Goods Manufacturing industry.
5. Metallurgical and Materials Engineers – $98,300
Metallurgical engineers are responsible for developing, processing and testing metals and metal alloys to create materials that meet specific engineering and industrial requirements. They use a variety of methods to process metals, including heat treating, electroplating, casting and forging. In addition, metallurgical engineers often work with other engineers to develop new manufacturing processes or improve existing ones. While their work is typically done in laboratories or offices, they may also spend time on the factory floor, observing and troubleshooting production problems. Metallurgical engineers typically have a bachelor’s degree in metallurgical engineering or a related field. According to the U.S. Bureau of Labor Statistics, the median annual salary for metallurgical engineers was $98,300 in 2021. According to Payscale, the bottom 10 percent earned less than $60,000, while the top 10 percent earned more than $115,000.
6. Electronics Engineers – $101,780
The work of electronics engineers in the capital goods manufacturing industry involves designing, developing, testing, and supervising the manufacture of electronic equipment, such as broadcast and communications systems, radar and navigational equipment, industrial robots, and computer-controlled production machinery. They also develop new applications for electronic technologies in areas such as medicine, transportation, and defense. In addition to their engineering duties, these professionals also often serve as project managers, overseeing the work of other engineers and technicians. According to the latest data from the Bureau of Labor Statistics, electronics engineers in the capital goods manufacturing industry earn a median salary of $101,780 per year. However, those working in the top 10% of the industry can earn salaries exceeding $139,490 per year. With continuing advancements in technology expected to drive demand for new and innovative products, the job outlook for electronics engineers remains strong.
7. Sales Engineers – $103,710
Sales engineers in the capital goods manufacturing industry are responsible for a wide range of tasks. They must maintain strong relationships with customers, identify new business opportunities, and develop strategies to increase sales. They also prepare proposals and quotations, negotiate contracts, and provide technical support. In addition, sales engineers must keep up to date with new products and developments in their field. They typically work regular business hours but may occasionally need to work overtime to meet deadlines. Sales engineers in the capital goods manufacturing industry earn a median salary of $103,710 per year. However, experience and education level can affect earnings. Those with more experience or higher degrees may earn higher salaries. In addition, some sales engineers may receive commissions or bonuses based on their sales performance.
8. Civil Engineers – $88,050
Civil engineers are responsible for the design and construction of infrastructure projects, such as roads, bridges, dams, and tunnels. They typically work for government agencies or engineering firms, and their work often involves project management, landscape architecture, and urban planning. In the capital goods manufacturing industry, civil engineers earned a median salary of $88,050 in 2021, according to the Bureau of Labor Statistics. The top 10% of earners in this field made more than $143,000, while the bottom 10% earned less than $49,000. Salaries vary depending on experience, education, and location. Civil engineers who work in metropolitan areas tend to earn more than those who work in rural areas. Those with a master’s degree or higher typically earn more than those with only a bachelor’s degree. And those with more years of experience tend to earn more than entry-level engineers. Overall, civil engineering is a well-paying profession that offers many opportunities for career growth.
9. Petroleum Engineers – $130,850
Petroleum engineers typically design and develop methods for extracting oil and gas from reserves below the Earth’s surface. They also find new ways to extract these resources, as well as improving existing methods. In addition, petroleum engineers often work on projects to increase the efficiency of oil and gas production. These engineers typically work in office settings, although they may occasionally visit drilling sites. Petroleum engineering is a highly specialized field, and most engineers have at least a bachelor’s degree in engineering. Petroleum engineers with experience can earn salaries of $130,850 or more per year.
10. Mining and Geological Engineers – $97,090
The primary task of Mining and Geological Engineers is to locate and extract natural resources, such as coal, oil, and metals. They also develop methods for extracting these resources safely and efficiently. In addition, they work to minimize the environmental impact of mining activities. In the Capital Goods Manufacturing industry, these engineers typically earn an annual salary of $97,090. As the demand for natural resources increases, it is likely that the need for these engineers will continue to grow. Consequently, those with experience in this field can expect to enjoy good job prospects and earn a competitive salary.
11. Architectural and Engineering Managers – $152,350
Architectural and engineering managers in the capital goods manufacturing industry earn a median annual salary of $152,350, according to the U.S. Bureau of Labor Statistics. They typically have at least a bachelor’s degree in architecture or engineering, and many have master’s degrees as well. These managers plan and direct the work of architects, engineers, and other workers who design and develop products such as electrical generators, engines, and machines. They also oversee the construction of buildings and other structures. In large companies, architectural and engineering managers often specialize in one area, such as electrical engineering or civil engineering. They may also specialize in a particular type of product, such as aircraft or automobiles. In small companies, these managers may be responsible for all aspects of product design and development. In addition to their technical knowledge, architectural and engineering managers must be good at problem solving and decision making, as they are often called upon to find creative solutions to challenging problems. They must also be able to effectively communicate with workers, clients, and other stakeholders.
12. General and Operations Managers – $115,250
General and operations managers in the capital goods manufacturing industry are responsible for a wide range of tasks. They oversee the production of goods, plan and direct plant operations, and develop and implement strategies to improve efficiency and productivity. In addition, they monitor financial performance, develop marketing plans, and oversee the procurement of raw materials. As with most management positions, the exact duties of a general or operations manager will vary depending on the size and scope of the organization. However, these professionals typically earn $115,250 per year. With experience, they may also be eligible for bonus pay or other incentives.
13. Computer and Information Systems Managers – $159,010
Computer and information systems managers in the capital goods manufacturing industry play a vital role in ensuring that their company’sIT infrastructure is up to date and able to support the demands of the business. They are responsible for planning, coordinating and overseeing the work of IT staff, as well as budgeting and setting priorities for projects. In addition, they may also be involved in developing new computer applications or systems to improve efficiency and productivity. While the exact duties of computer and information systems managers will vary depending on the size and type of company they work for, they can expect to earn a median salary of $159,010 per year.
14. Sales Managers – $127,490
In the Capital Goods Manufacturing Industry, Sales Managers are responsible for a wide range of tasks. They oversee the sales team, develop strategies to increase sales, and work with other departments to ensure that products are properly marketed and priced. They also work closely with customers, providing them with product information and answering any questions they may have. In addition, Sales Managers keep track of sales figures and report them to upper management. As a result, they play a vital role in the success of businesses in the Capital Goods Manufacturing Industry. Sales Managers in the Capital Goods Manufacturing Industry typically earn salaries of $127,490 per year. However, earnings can vary depending on experience, education, and location. For example, Sales Managers in New York City generally earn higher salaries than those in other parts of the country. In addition, Sales Managers who have many years of experience or advanced degrees may earn more than those who do not.
15. Marketing Managers – $133,380
Marketing managers in the capital goods manufacturing industry are responsible for a wide range of tasks, from identifying target markets and developing marketing plans to overseeing advertising and promotion campaigns. They also work closely with sales teams to ensure that products are properly marketed and that sales goals are met. In addition, marketing managers often track market trends and analyze customer data to identify opportunities for new product development. According to the Bureau of Labor Statistics, the median annual salary for marketing managers in the capital goods manufacturing industry was $$133,380 in 2021. Marketing managers in the top 10 percent of earners made more than $186,660, while those in the bottom 10 percent earned less than $68,610.
16. Financial Managers – $131,710
Financial managers in the capital goods manufacturing industry are responsible for a wide range of tasks, from overseeing the development and implementation of financial plans to preparing financial reports and communicating with shareholders. They also play a critical role in identifying and managing risk, as well as ensuring compliance with laws and regulations. In terms of compensation, financial managers in this industry earn an average salary of $131,710 per year. However, pay can vary depending on factors such as experience, education, and location.
17. Human Resources Managers – $126,230
Human resources managers in the capital goods manufacturing industry are responsible for a wide range of tasks. They may oversee the recruitment and hiring process, develop training programs, and provide support to employees. They may also be responsible for developing employee benefits packages and managing payroll. In addition, human resources managers may need to investigate and resolve workplace issues. According to the Bureau of Labor Statistics, the median annual salary for human resources managers in the capital goods manufacturing industry is $126,230. However, salaries can vary depending on experience, education, and location.
18. Construction Managers – $98,890
Construction managers are responsible for overseeing and coordinating construction projects. They work closely with architects, engineers, and other professionals to ensure that projects are completed on time and within budget. In the capital goods manufacturing industry, construction managers earn an average salary of $98,890 per year. The most successful construction managers have strong leadership skills, excellent communication ability, and a detailed knowledge of the construction process. With the right skills and experience, construction managers can earn a very good salary in this industry.
19. Engineering Managers – $152,350
Engineering Managers in the Capital Goods Manufacturing Industry are responsible for a wide variety of tasks. They oversee the design and production of capital goods, such as machinery, vehicles, and electrical equipment. They also develop and implement quality control procedures to ensure that products meet safety and performance standards. In addition, they oversee the construction of factories and other production facilities. Engineering Managers typically earn salaries of around $150,000 per year.
20. Purchasing Managers, Buyers, and Purchasing Agents – $75,410
Purchasing managers, buyers, and purchasing agents in capital goods manufacturing industries have a lot of responsibility. They are responsible for buying the raw materials, parts, tools, and equipment that companies need to produce their products. They must carefully consider quality, price, and availability when making their purchase decisions. Purchasing Managers, Buyers, and Purchasing Agents earned a median salary of $75,410 in 2021. Although the job can be demanding, it can also be very rewarding. Those who are able to successfully navigate the challenges of the job market will be well-positioned for future success.