Capital goods are tools, buildings, and other artificial infrastructure used to produce items used in day-to-day life. Capital goods suppliers ensure manufacturers can satisfy consumer demand. Jobs producing capital goods, such as car design or machine assembly, pay well in exchange for specialized technical skills. Businesses need capital equipment. Therefore, these jobs are crucial. Let’s look at the best paying jobs in capital goods for moms in 2022 and the salaries they pay.
What Are Capital Goods?
Capital goods are tangible or intangible assets a business uses to produce value-added products or services. These inputs include machinery, tools, buildings, transport infrastructure, and intellectual property.
Businesses purchase capital goods to increase their productive capacity and improve the quality of their output. For example, machine tools help increase factory production of consumer goods.
The term “capital goods” can also refer to the industries that produce these inputs. The capital goods sector comprises businesses that design, manufacture, and distribute machinery, equipment, and other infrastructure used in production.
This sector includes machinery, steel, textile, automotive, chemicals, and electronics.
What Do Capital Goods Jobs Pay?
On average, capital goods jobs pay between $50,000 and $90,000 a year, although that range is very variable based on your education, expertise, and work experience.
The manufacturing of capital goods is one of the highest-paying sectors worldwide. It is essential to get paid fairly, so your income will vary based on your position and level of expertise.
If you’re considering a career in this area, you probably have some questions about salary expectations. Job wages in this field typically exceed $100,000 a year, making it one of the highest-paying fields in the economy.
However, salary ranges can vary depending on position, level, and years of experience.
The Best Paying Jobs in Capital Goods
This is a complicated question because several variables are at play, such as one’s level of education, experience, and geographical location. We can’t know what capital goods jobs pay without researching, but by looking at the most common and well-paying positions, we can get a sense of the best options.
Here are the best-paying jobs in capital goods for women.
1. Engineering Manager
Average salary: $141,695
In a capital goods company, an engineering manager is responsible for the overall project management, leadership, and direction of all engineering endeavors. An engineering manager is a crucial position in any firm. It requires a person with at least a bachelor’s degree in engineering and a lot of experience to make the most of the engineering department.
2. Marketing Manager
Average salary: $135,030
Marketing managers for capital goods companies need a deep familiarity with the needs of their sector. A marketing manager for a capital-goods company is responsible for creating and implementing strategies to attract new clients and retain current ones. Product pricing is a group effort between marketers and salespeople.
A market manager needs a BA in marketing or advertising.
3. Sales Manager
Average salary: $124,491
A team of salespeople is tasked with promoting an expensive piece of equipment under the direction of a sales manager. Management in sales needs an in-depth familiarity with manufacturing to achieve this. To assess the products’ opportunity and marginal costs, they should hold a Bachelor’s degree in economics, business, or a comparable field.
4. Training and Development Officer
Average salary: $70,553
Staff training and development managers are essential in capital goods companies that deal in specialized products like electronic manufacturing technology and chemical shipping infrastructure.
This role is crucial because capital goods firms deal in specialized products. A training and development manager is expected to hold a bachelor’s degree in Training and Development or a similar field.
5. Mechanical Engineer
Average salary: $86,068
Mechanical engineers are in charge of designing, developing, and constructing various machines used in production. They work with multiple tools to create prototypes and models that can be used to test the feasibility of their designs.
To become a mechanical engineer, one must have a bachelor’s degree in mechanical engineering.
6. Software Developer
Average salary: $123,007
In a capital goods firm, a software developer is responsible for creating, testing, and maintaining software used in manufacturing. This can include anything from automated inspection systems to control panels for production lines.
Developers need a bachelor’s degree in computer science or a related field. Moms in this field can expect to make an excellent salary.
7. Electrical Engineer
Average salary: $100,636
An electrical engineer is another best-paying job position for women in capital goods. Electrical engineers are in charge of designing, developing, and constructing various electrical devices used in production.
To become an electrical engineer, one must have a bachelor’s degree in electrical engineering.
8. Project Manager
Average salary: $93,974
Because most capital goods projects take between one and five years to finish, leading them to long-term planning. Expansions and renovations to production facilities can be planned for the long term with the help of capital goods projects.
Manager, engineer, and upper-level manager roles in project management tend to earn the most money. A minimum of a Bachelor’s degree is required for the Project Manager position.
9. Industrial Engineer
Average salary: $95,300
Capital goods companies rely on industrial engineers to keep their machinery running smoothly. In a manufacturing setting, they do more than repair broken machinery; they also plan and implement efficient production procedures. Industrial engineers typically hold Bachelor’s degrees in Industrial Engineering or closely related fields.
10. Quality Control Inspector
Average salary: $156,448
A Quality Control Inspector is the highest-paying job in capital goods. Women in Quality Control Inspection jobs are typically responsible for ensuring that products meet or exceed customer expectations. They work with a variety of tools to test products and identify defects.
To become a quality control inspector, one must have a high school diploma. However, many employers prefer candidates who have completed some college coursework or have an associate’s degree.
11. Business Analyst
Average salary: $82,720
A business analyst job position is an excellent job for moms. A business analyst is a professional who deals with planning, analyzing, and implementing business strategies. They help companies to understand their customers better and to make more informed decisions about their products and services.
A business analyst typically holds a bachelor’s degree in business administration or a related field.
12. Human Resource Manager
Average salary: $111,975
Human resource managers lead HR teams, manage the hiring and selection process, and create and enforce HR rules and procedures. They may also have a role in the hiring process and the development and training of staff members.
A Bachelor’s degree is required for a Human Resources Manager position, and this degree must be in Human Resources or a closely related discipline like business management, finance, or economics.
13. Warehouse Worker
Average salary: $34,593
If your business requires the storage or processing of orders or items, you need the services of a Warehouse Worker. They manage the warehouse, the picking and packing orders, and the arrival and handling of incoming commodities.
You need a high school diploma or GED to qualify as a warehouse worker. Although a Bachelor’s degree isn’t often required to start a field, you’ll need one to move up in the ranks.
14. Credit Controller
Average salary: 91,400
More people actively seek employment due to the strengthening of the economy. Good news for those who work in credit control and must assess whether or not a customer is eligible to purchase a product or service.
It’s possible for credit controllers to work in ERP, ERP support, accounts payable, accounts receivable, or the general accounting department. The importance of these roles cannot be overstated in a market where soaring consumer demand can push prices over the roof.
Credit controllers typically hold a Bachelor’s degree in business, accounting, finance, or mathematics.
15. Customer Service Representatives
Average salary: $35,565
Safeguarding support, employment, and feedback issues in manufacturing are increasingly becoming the responsibility of customer service representatives. The product and industry determine whether a customer service representative works in the sales or marketing department instead of customer service.
Most of the workforce is employed by a single business, while certain employees may assist clients at various points in the buying cycle. The highest-paid workers in the industry are customer service agents, managers, and managers.
High school graduation or the equivalent is usually expected for a position as a customer service representative. Although a Bachelor’s degree isn’t often needed to get started in a field, you’ll need one to move up in the ranks.
16. Robotics Engineer
Average salary: $83,151
The Robotics Engineer position is perfect for moms who want to stay home with their kids and still have a career. Robotics engineers design, build and test robots. They also develop new applications for existing robotic technologies.
A robotics engineer typically holds a bachelor’s degree in electrical engineering, mechanical engineering, or computer science.
17. Business Development Manager
Average salary: $130,799
A business development manager is responsible for company sales and revenue growth. They identify new business opportunities, develop relationships with potential customers, and negotiate and close deals.
A business development manager typically holds a bachelor’s degree in business administration or a related field.
18. Research and Development Manager
Average salary: $147,492
Research and development managers are responsible for the overall strategy, leadership, and execution of the company’s R&D efforts. They typically have several years of expertise and a bachelor’s degree in engineering or a related field.
19. Part Assembler in Capital Goods
Average salary: $33,786
Part assemblers in the capital goods industry are responsible for assembling products and components. They use various tools and machines to make parts and products according to specifications.
Most part assemblers have a high school diploma or GED.
20. Category Manager Capital Expenditures
Average salary: $126,303
Category managers in the capital goods industry are responsible for the strategic sourcing and procurement of products and services. They develop and implement sourcing strategies, negotiate contracts, and manage supplier relationships.
A bachelor’s degree in business administration or a related field is typically required for a position as a category manager.
21. Global Strategic Product Manager
Average salary: $134,069
One of the best-paying positions in the capital goods industry is that of a worldwide strategic product manager. Most of their day is spent giving advice or making investment suggestions. Having sufficient stocks of products and machinery is ensured in this manner.
They also provide the safety of the company’s possessions. An influential product strategist can spot untapped markets and capitalize on them to boost product sales. A long-term strategy that will benefit the business in the future is also developed.
The Bottom Line: Best Paying Jobs in Capital Goods
With the proper education and experience, women can find many great opportunities in capital goods. These are just a few of the best paying jobs in capital goods. With the right skills and qualifications, women can find success and earn a good salary in this male-dominated industry.
We hope you enjoyed this article. Please check out our post on Best Paying Jobs in Public Utilities for Moms for more helpful tips and ideas!