Best Paying Jobs in Capital Goods

Let’s take a look at some of the best paying jobs in capital goods . . When you think of capital goods, what typically comes to mind? What kinds of things do we traditionally think of when talking about capital goods? Cars, trucks, and machinery are likely at the top of the list. But, there are more ways to benefit from working in capital goods than just these traditional examples. Let’s take a look at some of the best paying jobs in capital goods . . .

Is capital goods a good career path

Many people are convinced that capital goods is a good career path. After all, they think, there’s just no question about it—is capital goods a good career path is so clearly superior to . . . whatever it is you think you could do. That’s obvious, right? This wouldn’t even be worth talking about if it weren’t so damn obvious already. Right? Is capital goods a good career path like that? Yes, yes it is. But what makes capital goods a good career path? And why does it matter how many jobs are available in capital goods? These questions deserve answers before anyone can make an informed decision about whether or not to pursue such a course of action.

How many jobs are available in capital goods

The capital goods industry employs more than 5 million people in the United States alone. The average annual salary of jobs available in capital goods is $75,000 per year. These high-paying jobs come with a wide range of opportunities for advancement and career change. Let’s take a look at some of them. What companies are in the capital goods field: Large companies that employ workers in capital goods include Caterpillar Inc., General Electric Co., Boeing Co., Exxon Mobil Corp., 3M Co., and Northrop Grumman Corp. Other major players include Siemens AG, Alcoa Inc., Danaher Corp., L3 Technologies Inc., Honeywell International Inc. , Textron Inc., Parker Hannifin Corp. , Varian Medical Systems Inc. , Applied Materials Inc.

What is Capital Goods

According to Investopedia, capital goods are also known as durable goods. They are physical assets used by a business to generate revenue and can include property, industrial equipment, tools and computers that a company uses on a daily basis. These durable items have high upfront costs but usually offer long-term value because they are used to manufacture consumer products or perform maintenance on an ongoing basis. Examples of companies that would be involved in capital goods: Lockheed Martin, Boeing and Caterpillar. In fact, many capital goods companies were created with government contracts during World War II; today, defense spending still accounts for more than 50% of all U.S. capital expenditures.

Paying Jobs in Capital Goods

Below are the best Paying Jobs in Capital Goods

Biotechnology Engineer

With a B.S. or M.S. degree, you can look forward to earning upwards of $95,000 per year as a biotechnology engineer. The projected number of jobs is expected to increase by 4 percent between 2012 and 2022, but these growth rates vary depending on whether you’re an entry-level employee or an experienced veteran (experienced employees will see more job openings). Biotechnology engineers work in laboratories that are focused on developing pharmaceuticals and other medical products.

Applications Developer

The applications developer is responsible for writing and testing code that allows businesses to interact with software. Applications developers may work for a technology company or directly for a client, depending on their role. Industries looking to hire applications developers include health care, retail, and manufacturing. The Bureau of Labor Statistics (BLS) reports that applications developers held more than 1 million jobs in 2014 and earned an average annual salary of $82,890 as of May 2015. Technology companies are expected to have added another 152,800 positions by 2024.

Biomedical Engineer

This is a sub-field of biomedical engineering that has emerged as one of hottest jobs today. The Bureau of Labor Statistics (BLS) reports an anticipated growth rate of 31% between 2014 and 2024, making it one of fastest growing jobs on their list. In order to keep up with such a high demand for biomedical engineers, there are likely going to be a lot more job openings in capital goods field than there were even just 5 years ago.

Information Security Analyst

In IT security, Information Security Analysts focus on thwarting digital attacks and maintaining a company’s data integrity. These professionals are responsible for monitoring networks for intrusions and vulnerabilities. In fact, their job is so crucial that they’re often referred to as the last line of defense, because they look at what everyone else has done—developers, designers, etc.—and ensures it was done securely.

Systems Architect

The top five jobs in capital goods—the category that includes equipment and systems used to transport and store products, materials, energy or information—are systems architect ($71,580), industrial engineer ($70,880), applications software developer ($65,340), general manager ($64,650) and market research analyst ($62,470). All of these positions require post-secondary training; market research analysts must have a bachelor’s degree.

Health IT Specialist

Health IT is one of the fastest growing industries and health IT specialists work on various projects including, but not limited to: providing technical support, hardware upgrades and help desk services. The average salary for a Health IT Specialist is $80,042 per year. This number can increase to $110,000 per year with experience and certifications. Top paying employers include Kaiser Permanente, Banner Health, Presbyterian Healthcare Services and MedStar Health. They are also in high demand which means that you should be able to find a job relatively quickly after completing your education program.

Software Engineer (Generalist)

The title software engineer conjures up two images for many people: a programmer with five or more years of experience, or a college graduate who has just entered industry. However, there is a third category of software engineer that sits between these two extremes: generalists. A generalist software engineer may be someone with 5-10 years of experience, but it could also be someone fresh out of college working at companies like IBM and Dell.

R&D Manager

In 2013, R&D managers earned an average of $100,000 per year. This average is expected to increase 4 percent each year through 2018. R&D managers are responsible for coordinating research and development activities. They often work with outside researchers and contractors to conduct tests or experiments on existing products and develop new ones.

Conclusion

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Best Paying Jobs in Capital Goods [Updated]