Last Updated on by Admin
Today we will be deliberating on the topic title ” Best Paying Capital Goods Jobs”. The machines, buildings, and other man-made manufacturing infrastructure required to create the products you use every day are known as capital goods.
Capital goods jobs ensure that key components of the manufacturing process are available so that producers can meet consumer demand.
This process involves several positions, including the highest-paying jobs in capital goods.
Whether you wind up improving production procedures in the textile business or creating machines that create vehicle components, capital goods occupations pay well for specific tech abilities. We’ll go over capital goods salary, the job market prognosis, and the education needed to secure the best paid jobs in capital goods in this post.
What Do Capital Goods Jobs Pay?
Hourly rates in capital goods jobs are high, and even entry-level jobs pay substantially above the minimum wage. You can earn more than $100,000 per year depending on your education and expertise. Electronic engineers make a median salary of $107,540, according to the US Bureau of Labor Statistics.
Capital Goods Job Outlook
The US is a significant capital goods supplier. Export prices for US capital goods grew 3.7 percent in 2021, according to the Bureau of Labor Statistics, indicating greater demand. Over the next decade, job growth for capital goods jobs is expected to vary from 4% to 22%, implying that the bulk of capital goods positions will be added.
Capital Goods Job Satisfaction
Benefits, salary, and job stability abound in the capital goods industry.
Capital goods jobs are often well-liked by employees. For example, employees at General Electric (GE), one of the major capital goods businesses, evaluated their satisfaction as four out of five stars, and 80% would suggest GE to a friend.
8 Leading U.S. Companies in the Capital Goods Field
Capital goods are items that companies employ to make other things, such as tools, automobiles, or machinery. To employ these capital goods, a company must first make or get them, and then reuse or sell them to other businesses to use in the creation of new products. There are many capital goods firms across the country, and you may be wondering which ones are the most well-known or have employment vacancies near you.
Best 8 companies in the capital goods field
-
Northrop Grumman
literally the comapany Size: 90,000 employees
Northrop Grumman was established in 1939 as an aerospace and defense business. Military planes, aerial vehicles, chain guns, autocannons, munitions, satellites, rocket launch systems, stealth bombers, electronic systems, and other ground and space defense items and equipment are among the company’s specialties.
Aeronautics systems, defense systems, mission systems, space systems, and other industries are all served by Northrop Grumman, which has offices in several locations across the United States. This business aspires to produce new defense goods on a constant basis, as well as replace and update existing ones.
Northrop Grumman has an annual revenue of around $30 billion, and many of its employees enjoy the following benefits:
-
Employee discounts
-
Tuition reimbursement
-
Retirement plans
-
Health insurance
-
Paid time off days
2. Union Pacific
The company Size: 10,000+ employees
Union Pacific is a transportation and logistics company that produces chemicals, coal, agricultural products, automotive products, and intermodal items. It was formed in 1862.
The corporation is in charge of connecting 23 states over two-thirds of the Western United States, and it runs from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific has roughly 10,000 clients and connects to the rail systems of Canada and Mexico.
Each year, the corporation earns more than $10 billion in revenue. It provides a variety of benefits to its employees, list as follows below:
-
Vacation days
-
Medical insurance
-
Dental insurance
-
Retirement plans
-
Vision insurance
-
Tuition reimbursement
3. Caterpillar Inc.
The company Size: 10,000+ employees
Caterpillar Inc., also known as Caterpillar or CAT, is a construction equipment manufacturer that was formed in 1925. This company specializes in designing and manufacturing gas engines, gas turbines, and diesel-electric locomotives for construction and mining equipment.
CAT has offices and facilities in over 180 locations across the globe. It generates about $40 billion in annual revenue and offers products and services to three main businesses: construction, resource industries, and energy and transportation.
It also sells mining, paving, drilling, hydraulics, and other equipment.
CAT provides a number of benefits to its employees, which typically include the following:
-
Health insurance
-
Vision insurance
-
Paid time off days
-
Relocation assistance
-
Dental insurance
-
Retirement plans
4. General Electric
The company Size: 10,000+ employees
General Electric, also known as “GE,” is a manufacturing business that was formed in 1892. GE is a multinational with headquarters in Boston and New York that serves a variety of industries, including aviation, power, renewable energy, and health care.
As a result, this corporation specializes in weaponry, aircraft engines, software, wind turbines, other sources of energy, electric motors, and other products.
Each year, GE earns upwards of $10 billion in revenue. It normally provides the following benefits to its employees:
-
Signing bonus
-
Disability insurance
-
Vision insurance
-
Medical insurance
-
Paid time off days
-
Work flexibility
-
Dental insurance
5. Boeing
The company Size: 10,000+ employees
Boeing is a firm in the aerospace and defense industries that was founded in 1916. This corporation is the world’s largest aerospace corporation, with three distinct business units: defense, space and security, commercial planes, and worldwide services. Boeing also provides services to airlines and US allied government customers in over 150 nations.
Commercial aircraft, military aircraft, space satellites, electronic defense systems, launch systems, weaponry, and other services are available through the corporation, which generates approximately $58 million in annual revenue. Boeing employees are eligible for a variety of benefits, including the following:
-
Relocation assistance
-
Dental insurance
-
Parental leave
-
Vision insurance
-
Paid time off days
-
Health insurance
-
Disability insurance
6. Honeywell International
The Company Size: 10,000+ employees
Honeywell International, or just Honeywell, is a manufacturing corporation that was formed in 1885. This company focuses in manufacturing a wide range of products for the aerospace, automotive, chemical, and industrial control industries.
Honeywell’s main products include automobile parts, specialty chemicals, plastics, engineered materials, and more. The corporation earns more than $32 million per year. It normally provides the following benefits to its employees:
-
Paid time off days
-
Sign on bonus
-
Health insurance
-
Retirement plans
-
Parental leave
-
Life insurance
7. Lockheed Martin
The company Size: 10,000+ employees
Lockheed Martin is an aerospace and defense company that was founded in 1995. The company, which is regarded as one of the largest in the aerospace, military support, security, and technology industries, specializes in the production of strike weapons, fire sensors, air missiles, and a variety of other defense weapons.
The company primarily manufactures equipment and products for the United States Department of Defense and other federal government agencies in the United States.
Lockheed Martin operates in four business segments: rotary and mission systems, aeronautics, missiles and fire control, and space. The company earns more than $65 billion in revenue each year.
Employees of Lockheed Martin are entitled to the following benefits:
-
Paid time off days
-
Relocation assistance
-
Dental insurance
-
Tuition reimbursement
-
Retirement plans
-
Health insurance
-
Flexible schedule
8. ABB
The company Size: 5,001 to 10,000 employees
ABB Limited, also known as ABB, is an energy, mining, and utility company that was founded in 1898. Control products, cable systems, circuit breakers, switches, and other electronic equipment are the company’s main focus. The company also provides installation and repair services for its own systems.
The company is headquartered in North Carolina, and the United States is its primary market. This company has an annual revenue of more than $26 million and provides the following benefits to its employees:
-
Vision insurance
-
Paid time off days
-
Health insurance
-
Retirement plans
-
Disability insurance
-
Life insurance
Resources to Find the Best-Paying Jobs in Capital Goods
- Online job boards: Online job boards are a great place to look for capital goods jobs. You can look for open positions by company, job title, location, and more.
- Websites for businesses: Once you’ve compiled a list of capital goods companies for which you’d like to work, keep an eye on their official website’s career page for newly posted positions.
- Internships: Apply for an internship with a capital goods company. Most companies prefer to hire interns for full-time positions if they perform well during their internship.
Is Capital Goods a Good Career Path?
The capital goods industry is a fantastic place to work. Jobs in capital goods provide competitive pay and interesting daily tasks. Many of these jobs are unionized and offer excellent benefits as well as access to union resources.
Before you enter the capital goods market, make sure you are passionate about the work. Manufacturing and construction, which can be physical jobs depending on your career, are specialties of the capital goods industry.
Best Paying Jobs in Capital Goods FAQ
What commodities are considered capital goods?
Buildings, machinery, and vehicles used to produce consumer goods are examples of capital goods. Other types of capital goods include, among others, tools, electronics, and computing technology.
Individual consumers do not purchase capital goods. Manufacturing firms such as Walmart purchase capital goods in order to produce consumer goods.
Is it possible for me to earn more than $100,000 per year working in capital goods?
Yes, working in the capital goods sector can earn you more than $100,000 per year.
Managers, software developers, and some engineers earn over $100,000 per year. Entry-level positions in capital goods companies may pay less, but as you gain more experience, you can earn more.
What are the leading firms in the capital goods industry?
Union Pacific, General Electric, Honeywell International, Lockheed Martin, and United Rentals Inc. are among the largest capital goods companies, according to Indeed.
These businesses provide competitive pay, good retirement plans, and other benefits. Boeing, Caterpillar Inc., 3M, Capital Good Fund, and ABB Limited are among the other capital goods companies.
Is it possible for me to get a tech job in the capital goods industry?
Yes, capital goods firms employ tech experts such as software developers. As manufacturing becomes more automated, the capital goods sector will see an increase in tech jobs.
Tech jobs are competitive, and attending a coding bootcamp can increase your chances of landing a job in a capital goods tech department.
Best-Paying Jobs in Capital Goods In Details:
- Engineering Manager
- Software Developer
- Electrical Engineer
- Industrial Engineer
- Mechanical Engineer
- Marketing Manager
- Management Analyst
- Training and Development Manager
Read more On: Capital Goods Reviews
Conclusion:
Capital goods are the machines, equipment and other physical objects that are used to produce goods or provide services.
A capital good is a tangible asset that has value and can be used to create other products or services. This includes tools, equipment, buildings, land and other resources.
The term “capital” in this context means something that is used to generate income or profits.
Admin