What Are Capital Goods Examples?
Some examples of capital goods are:
- Chemicals: Oil, minerals, water, and natural gas.
- Automotive: Components for cars, bikes, trucks, and other vehicles.
- Electronics: Semiconductors, telecommunication, industrial, and consumer electronics components.
- Steel.
- Machinery.
- Textile: cotton, wool, nylon.
Yes, a career in capital goods is fantastic. Capital goods are necessary economically. They are the processed materials that are utilised to create consumer products, or items that the typical individual purchases.
Capital goods are manufactured from raw materials and might be anything from steel to hand tools to dump trucks used to construct roads. Capital goods include any item bought to be used in the production of other items, making this a very large sector with a strong emphasis on manufacturing.
Our economy cannot function without capital goods, hence it is unlikely that this industry would disappear. The professions related to manufacturing are anticipated to become increasingly specialised over time as it becomes more automated.
- Here are 19 fantastic capital goods jobs:
- Jobs for Industrial Engineers (Overview)
- Jobs for Manufacturing Engineers (Overview)
- Jobs for Process Engineers (Overview)
- Jobs for Continuous Improvement Engineers (Overview)
- Jobs for industrial designers (Overview)
- Jobs for mechanical engineers (Overview)
- Jobs as Toolmakers (Overview)
- Jobs as a Machine Designer (Overview)
- Jobs as Tool Engineers (Overview)
- Jobs in Tool Designer (Overview)
- Jobs for Industrial Mechanics (Overview)
- Jobs as a machine builder (Overview)
- Jobs for Calibration Technicians (Overview)
- Jobs as Solderers (Overview)
- Jobs for Apprentice Boilermakers (Overview)
- Jobs for Quality Inspectors (Overview)
- Welder Jobs (Overview)
- Jobs as Machine Operators (Overview)
- Jobs for Logistics Associates (Overview)
10 OF THE HIGHEST PAYING CAPITAL GOODS JOBS
Nearly all of these positions demand advanced education and experience. You may do an apprenticeship or enrol in a trade school for a few of them. However, obtaining a bachelor’s degree or perhaps a master’s is a wise choice if you want to work in this profession and earn greater salaries.
Engineering in Industry
$78,000 is the average annual salary.
Industrial engineers are industry specialists, as the term suggests. They concentrate on the best and most useful production setup. To come up with the optimum solution, industrial engineers are expected to have a thorough understanding of the products being manufactured as well as the layout of the factory floor.
- Jobs for Industrial Engineer near me
- Industrial Engineer
- $76,000 is the average annual salary.
Manufacturing engineers concentrate solely on the manufacturing process, although being related to industrial engineers in many areas. They devise the most affordable method for producing the greatest goods. They must be knowledgeable with the most recent laws and norms in order to ensure that the manufacturing process complies with them.
Jobs for Manufacturing Engineers in my area
Process Engineer
$81,000 is the average annual salary.
The process is where process engineers excel. This indicates that they are knowledgeable about manufacturing in general as well as chemicals and chemical processes. They are responsible for streamlining the procedure and looking for ways to save costs and produce more permanent results.
Jobs for Process Engineers near me
Engineer for Continuous Improvement
Annual Salary on Average: $74,000
Despite the moniker, continuous improvement engineers have a crucial role to play. A continuous improvement engineer’s exclusive concentration is on finding ways to improve the process, even if all engineers are expected to do so. They strive to reduce the cost of production, make the product simpler to use, and increase its durability.
Find local employment for engineers with continuous improvement.
Industrial Architect
$75,000. Average Annual Salary
A factory or industrial complex’s design is a challenging task. Industrial designers can help with it. To choose the optimum site, design, and equipment to use for the job, they frequently consult industrial experts.
jobs for industrial designers nearby
Engineer, mechanical
Annual Salary on Average: $79,000
Machines are the focus of mechanical engineers. They support the development, upkeep, and repair of machines. They are not limited to capital goods, but factories are a great sector for them to concentrate on because they demand a lot of cutting-edge machinery.
Additionally, some capital goods, like construction machinery, call for the knowledge of a mechanical engineer.
Jobs for Mechanical Engineer near me
Making Tools
$51,000 is the average annual salary.
This machinist profession requires a high level of expertise. Tools are made according to specifications by toolmakers using machining equipment. They must be knowledgeable with the many materials and tool varieties as well as the equipment’s limits.
Tool makers may create unique tools or work to create a blueprint for mass-produced tools depending on where they work and their level of skill.
Jobs for Tool Maker near me
Mechanical Engineer
Annual Salary on Average: $77,000
Machine designers create products that satisfy the needs of their customers. They must have experience with design, sketching, or drawing software in order to produce drawings and blueprints.
To ensure that their work is realistic, capable of completing what is required, and within budget, they frequently collaborate with mechanical engineers and other related specialists.
Jobs for Machine Designer near me
Tool Designer
$100,000 is the average annual salary.
The majority of engineers, including tool engineers, are concerned with the application of their field. When necessary, they will create tools, but they concentrate on the tool that is most important for a specific activity.
Tool engineers must be familiar with blueprints and design software in order to both produce the appropriate tools and assist in their construction.
Jobs for Tool Engineers near me
Tool Creator
$62,000 is the average annual salary.
The creation of new tools is the responsibility of tool designers. They are capable of creating any number of tools and the tools that make other tools. It’s crucial to have a solid mathematical foundation. You need to grasp geometry and fundamental physics in order to create a useful tool.
Jobs for Tool Designer near me
All of the aforementioned vocations necessitate at least a four-year college degree, with the exception of a tool manufacturer who is likely to hold an associate’s degree. This implies that obtaining a degree should be your main goal if you want to work in this industry and be highly paid.
10 CAPITAL GOODS JOBS AT THE ENTRY LEVEL
If you aren’t interested in a higher degree, the jobs mentioned here may be an excellent place to start looking as not all of them call for a four-year degree. However, a few of them are excellent entry-level positions while searching for growth.
Apprentice Industrial Mechanic
$53,000 year on average
Industrial mechanics, commonly known as millwrights, have a focus on large machinery. They are able to put it together, fix it, take care of it, and move it. It requires a high level of trade expertise, and most apprentices work in this field. Consequently, an excellent approach to start in it is through an apprenticeship.
Job listings for industrial mechanics near me
Equipment Builder
annual salary of $40,000 on average
Once the machines have been designed, someone has to put them together. Machine builders must be knowledgeable about mechanisms, have the ability to follow instructions, and be able to interpret blueprints. Moving, holding, and aligning large objects—both machine parts and the equipment required to put it together—is a physically demanding task.
jobs for machine builders nearby
Technician for Calibration
$48,000 is the average annual salary.
Making sure that the machines and other equipment are accurately calibrated is the responsibility of a calibration technician. This entails putting heavy machinery through its paces, taking measurements, and fixing any mistakes you discover. The job necessitates meticulousness, as well as expertise with tools and measures.
Jobs for calibration technicians nearby
Solderer
$33,000 is the average annual salary.
On circuit boards and in other technologies, soldering is frequently utilised. To prevent damaging the circuit board, a solderer must be knowledgeable about the various types of solder, the materials being used, and maintaining the right temperature. It takes a deft touch and familiarity with the necessary instruments, such as solder wick and soldering iron heads.
Jobs for solderers near me
Boilermaker Trainee
annual salary of $40,000 on average
Boilermakers aren’t just limited to building boilers, despite their name. They specialise in manufacturing metal containers that can hold liquids, such as beer mash or liquid carbon dioxide. It’s a highly specialised trade that calls for understanding various metal types, welding procedures, and how frequently a container needs to be repaired to be safe.
Jobs for apprentice boilermakers near me
Inspector of Quality
$33,000 is the average annual salary.
Making sure that products in a manufacturing process keep the desired quality is the responsibility of a quality inspector. A keen eye, familiarity with the goods, and a willingness to perform measurements as necessary are requirements for this.
Jobs for Quality Inspector near me
Welder
$38,000 is the average annual salary.
Metal fragments are joined together by welders using heat. Although it is a talent that is utilised in many other trades, welding is also a trade in and of itself. It’s quite physically demanding and calls for getting into tight spaces in order to find the best welding spots. Although there are many community colleges and vocational schools that offer welding instruction, welders can also become apprentices.
Jobs for welders near me
Equipment Operator
$32,000 is the average annual salary.
Machine operators operate machines, as the name implies. Depending on the type of the machine being operated, different skill sets and requirements apply. All machine operators must, however, be quite knowledgeable about the capabilities and limitations of their respective machines, as well as how to operate and maintain them.
Jobs for Machine Operators near me
Associates in Logistics
$35,000 is the average annual salary.
Assuring that the company has the products it needs at the right time is the responsibility of the logistics team. They aid in the delivery, distribution, inspection, and storage of the necessary items and products.
This entails keeping the database up to date, monitoring any potential bottlenecks in the supply chain, and figuring out how to get past them.
Jobs for Logistics Associate near me
Commercial artist
Annual Salary on Average: N/A
Industrial painters work in manufacturing processes, but they can also paint in industrial settings. the people who paint vehicles, for instance.
The correct paint must be used since it serves more than simply cosmetic functions; it also protects the surface beneath it and can help stop mud caking, rusting, ice, and other unwanted effects.
Many of the aforementioned positions don’t call for a college degree. They still form a great career path on their own, but they also serve as a wonderful starting point for learning more about the field before advancing to a higher-paying position.
WHAT MAKES A CAPITAL GOODS CAREER INTERESTING?
There are many different career paths available in the capital goods market because it is a large one. There are options for capital goods, regardless of your preference for being actively involved in the production process. Having said that, there are several elements that are present in all occupations in the sector. Here are some qualities to take into account if you want to begin a profession in capital goods.
You operate effectively without a lot of direction. Not all of the professions on this list demand it, but the majority of the engineering, designing, and trades jobs will call for you to work independently. Of course, you’ll have a boss, but it’s likely that they won’t be an expert in what you do; you’ll have to be.
You have an interest in the production process. A component of the manufacturing process are capital goods. As a result, manufacturing will probably be one of your areas of specialisation, and taking an interest in the industry as a whole will help you and your career.
You work well with others. By its very nature, manufacturing cannot be done by one person or even a small group of individuals. This implies that you will frequently collaborate with others. They will probably be your peers, but their fields of expertise won’t be the same as yours.
You have no problem working for a large organisation or sector. It is extremely possible that the company you work for in capital goods will be very large due to the size of manufacturing. A large company has nothing wrong with it, but it seems extremely different from a small one, which some find unsettling.
Naturally, there are other profession options since not all capital goods careers are included in this article. If you can relate to any of the aforementioned statements, you should seriously consider researching career opportunities in this field.
REQUIREMENTS FOR A CAPITAL GOODS CAREER IN TERMS OF EDUCATION AND CERTIFICATION
Although a college degree is not necessary for all of the occupations featured in this article, possessing one won’t harm your employment opportunities. Here are some things to think about if you want to earn a four-year degree or are unsure if the one you already have pertains to capital goods.
Engineering. You can enter any field of engineering with this broad degree. You can also specialise if you know what you want to concentrate on. For instance:
Engineering in industry. if industrial engineering is what you want to do.
Engineering for manufacturing. if manufacturing engineering is what you want to do.
Engineering, mechanical if mechanical engineering is your desired career.
Engineering in Chemical. if process engineering piques your interest.
Robotics and mechatronics. a good choice if mechanical engineering or machine design interest you.
Chemistry. This is applicable to process engineering as well as knowledge of materials and chemical processes, all of which are crucial to production.
Logistics. If a career in logistics appeals to you.
Commercial Technology A degree in this covers the many technologies and methods used in the field. Numerous industrial positions, such those of industrial engineer or industrial designer, can use it.
Working with precision metal. If you wish to work as a tool maker or another form of machinist, you should highly consider earning this associate’s degree.
Several of the positions below require completion of an apprenticeship or a specific level of training. For illustration:
Boilermakers must complete a training program—typically an apprenticeship—and obtain a licence from various states.
Boilermakers must meet similar standards, and industrial mechanics typically must additionally pass a licence exam.
To operate heavy machinery, you’ll probably require a licence as a machine operator, however it will depend on the machine and the state.
There are various certificates you can obtain to demonstrate professionalism in your industry or to claim that you are knowledgeable about safety. This will rely on your specific career, as it’s better to obtain a certificate that falls under the purview of your field of specialisation.
WHAT DO PERSONNELS IN THE CAPITAL GOODS INDUSTRY DO?
Working in the capital goods sector may include you in the procurement of raw materials, the production process, or the establishment of an industrial complex. Manufacturing products destined for further manufacturing rather than for general consumption are known as capital goods.