High-Paying and In-Demand Capital Goods Jobs: Opportunities for Growth and Success

Capital goods jobs are those that involve the production or distribution of capital goods. Capital goods are goods that are used to produce other goods and services. They include things like machinery, equipment, and infrastructure.

The median annual wage for capital goods jobs was $85,400 in May 2020. The lowest 10 percent earned less than $44,650, and the highest 10 percent earned more than $166,430.

The following are some of the highest-paying capital goods jobs:

• Aerospace engineers: Aerospace engineers design, develop, and test aircraft, spacecraft, and missiles. They typically earn a median annual wage of $118,610.
• Chemical engineers: Chemical engineers design, develop, and produce chemicals and products. They typically earn a median annual wage of $110,540.
• Electrical engineers: Electrical engineers design, develop, and test electrical equipment and systems. They typically earn a median annual wage of $102,660.
• Industrial engineers: Industrial engineers analyze production processes and develop ways to improve efficiency. They typically earn a median annual wage of $93,000.
• Mechanical engineers: Mechanical engineers design, develop, and test mechanical devices and systems. They typically earn a median annual wage of $95,300.

The following are some of the fastest-growing capital goods jobs:

• Wind turbine service technicians: Wind turbine service technicians install, maintain, and repair wind turbines. They are expected to grow 105 percent from 2020 to 2030, much faster than the average for all occupations.
• Solar photovoltaic installers: Solar photovoltaic installers install and maintain solar panels. They are expected to grow 95 percent from 2020 to 2030, much faster than the average for all occupations.
• Machinists: Machinists set up and operate machines to cut and shape metal. They are expected to grow 8 percent from 2020 to 2030, about as fast as the average for all occupations.
• Computer numerical control programmers and operators: Computer numerical control programmers and operators set up and operate computer-controlled machines to cut and shape metal. They are expected to grow 7 percent from 2020 to 2030, about as fast as the average for all occupations.
• Assemblers and fabricators: Assemblers and fabricators assemble and install metal products. They are expected to grow 4 percent from 2020 to 2030, about as fast as the average for all occupations.

If you are looking for a high-paying and in-demand job, a career in capital goods may be a good option for you.

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