Do you want to work in consumer durables and want to know about the best paying jobs in consumer durables? Then you come to the right place. Over the past several years, the consumer durables market has expanded rapidly around the globe, especially in Africa, Asia, and the Middle East.
Both China and India, two of the world’s fastest-growing major economies, have contributed significantly to the expansion of global consumption in recent years.
The United States Bureau of Labor Statistics defines consumer durables as items that customers buy once and then continue to buy for at least three years.
Jobs in the furniture, jewelry, sports goods, and some software product categories tend to pay better than those in the automobile and transportation equipment sectors.
Employment of salespeople for consumer durables is predicted to increase by at least 3 percent from 2016 to 2026, which is nearly as fast as the average for all occupations.
In May 2016, the median annual compensation for workers in the consumer durable goods industry was $85,370, indicating that there are several options to obtain high-paying positions in this field.
What are Consumer Durables?
Products that consumers may use repeatedly without replacing them are called “consumer durables.”
Furniture, home appliances, and automobiles are all examples of high-priced commodities with a long projected lifespan. Consumer items that last a long time are also called “durables.”
Is Consumer Durables A Good Career Path?
There is no universally correct response to this question since the optimum career route for someone interested in consumer durables may differ depending on their unique set of abilities and interests. But if you love interacting with customers and guiding them toward the best purchases for their requirements, a career in consumer durables may be a wonderful fit for you.
Someone who enjoys researching new developments in the consumer durables market may also find success in this field.
How Many Jobs Are Available In Consumer Durables?
Since this might vary widely depending on the individual consumer durable, the present work market, and other circumstances, there is no universally applicable solution to this topic.
It is estimated that three million individuals in the United States are working in the consumer durables business. Millions of individuals are supported by this $2 trillion sector of the economy. You may rest assured that there is a large number of opportunities in the consumer durables sector.
What do consumer durables jobs pay?
Jobs in consumer durables typically entail setting up and servicing household equipment like dishwashers, microwaves, and stoves. These tasks can be completed in a variety of settings, including but not limited to, traditional offices, warehouses, construction sites, and even private residences.
There is a lack of data regarding the salary range for employment involving consumer durables, but what little there is, suggests that workers may expect to earn anywhere from $13 to $21per hour in entry-level jobs.
Many factors, including the kind of location, might affect the final price of a consumer durable. The difficulty of carrying out these jobs at various echelons and locations may account for the disparity in pay. Repairing a refrigerator, for instance, might end up costing far less in a factory than in a house or apartment building due to the absence of public lighting, fire sprinklers, and unreliable power sources.
25 Best Paying Jobs in Consumer Durables 2022
If you have decided to pursue a career in consumer durable, now is the time to look for the job that suits you. Here we have listed the 25 best paying jobs in consumer durables that you look for yourself.
The job of a sales manager is to guide and counsel an organization’s sales staff.
Positions like this can be found in a wide variety of sectors, and often call for a bachelor’s degree in business administration or marketing.
A sales manager’s normal workday consists of organizing the activities of their team members and making presentations to prospective clients.
If you have a knack for sales but don’t want to spend 50+ hours a week on your feet, managerial roles may be a good fit for you.
A sales manager’s primary focus should be on the satisfaction of the company’s clients, but they should also be results-oriented, familiar with finances, and proficient in the use of various software packages.
Earnings for sales managers or supervisors typically range from $48,000 to $122,000 annually.
To put it another way, a company’s Finance Manager is responsible for making the most of the company’s funds by preparing the budget and providing the senior management team with timely and accurate financial data.
The finance manager’s primary responsibilities in a consumer durables firm are in the areas of expense management and revenue tracking.
Maintaining positive vendor relationships and adhering to all payment schedules are commonplace duties.
Managers in this role are tasked with ensuring the organization has a steady flow of cash and a plan for sustainable expansion.
The BLS reports that the typical annual salary for a finance manager in the year 2021 is $131,710.
Program managers are accountable for ensuring that the objectives of their respective organizations are met.
They switch between tasks and manage their workload efficiently so that they can concentrate on the design, management, and execution of their programs.
Program managers play a crucial role in every organization. They oversee extensive projects that include post-merger and product launch operations.
The project manager is responsible for facilitating communication amongst team members and maintaining momentum toward project milestones. This is a senior-level role that requires extensive management experience.
Program managers are well rewarded, with an average base pay of $71,000 per year and a potential earning of up to $127,000 per year.
An account manager’s duties include maintaining and expanding their client base.
Account managers are a crucial part of any team because of the need of maintaining positive working relationships with both clients and colleagues.
These managers are responsible for influencing sales at the account level, thus they need to be persuasive, results-oriented, able to foresee possibilities, connected, and able to coordinate the efforts of their teams.
Account Managers often have more experience in the field than those in similar positions, although they are not required to have a college diploma.
In most cases, entry-level Account Manager roles do not require any further education beyond a bachelor’s degree.
However, most businesses prefer to hire Account Managers who have relevant work experience or professional credentials in disciplines like finance and marketing.
Product managers (PMs) are executives responsible for overseeing all aspects of a product’s development, from ideation to distribution. It is one of the best paying jobs in consumer durables.
When launching a product and steering it through development, product managers collaborate with the company’s engineering, marketing, user experience design, and sales departments.
Working alongside engineers and designers, you will be responsible for the creation and enhancement of both new and existing products.
You will develop product requirements, check that they adhere to corporate guidelines, negotiate prices with vendors, and study market shifts in your industry.
Though it helps to have a background in engineering, an MBA with a focus on product management or buying may get you started in the field as well.
The average salary for a product manager is around $100,000 per year, however, this number can be significantly higher based on the manager’s location and amount of expertise.
A marketing manager’s responsibilities include making strategic decisions about the company’s approach to selling its goods and services.
Managers in charge of marketing are tasked with developing strategies that will increase sales and visibility for the company’s products.
The job of a marketing manager is to oversee the whole marketing department.
You will be asked to assist with setting budgets, developing advertising strategies, and overseeing the work of any outside advertising agency.
Moreover, marketing managers often do market research and competition analysis to anticipate market shifts.
Depending on firm size and location, salaries for these roles might range from $85,000 to $125,000 per year on average.
In addition to being eligible for promotions to the director or general manager, senior managers have access to a wider range of perks and possibilities than their lower-level counterparts. It is one of the highest-paid jobs in consumer durables.
The senior manager’s responsibilities are the same as those of any other manager: they include delegating work to subordinates and checking in on their progress.
If the need arises, the senior manager will step in and refocus those under their supervision.
In most organizations, a senior manager oversees a large number of supervisors, who in turn manage and guide a large number of workers.
Depending on the size and extent of the business, the senior management may be in charge of the most crucial or numerous departments.
Moreover, half of all occupations in consumer durables are held by senior managers, according to a 2021 research by The Conference Board.
These experts made an average annual salary of $91,000, or $45.80 per hour.
In the same time frame, senior management positions are projected to increase by 6%, reaching a total of 102,700 new openings across all sectors of the economy.
The retail manager is responsible for all operational elements of the store, including staffing, scheduling, financial management, and customer interactions.
Managers in the retail industry are often expected to be highly visible, diligent leaders who play an active role in the performance of their teams.
Managers in the retail sector need to be adept at more than just pleasing customers; they also need to be able to keep the shop itself functioning properly.
Whether it’s overseeing inventory or suggesting the ideal locations for product displays, managers do it all. A store manager’s annual salary averages $42,000.
Do you fancy yourself a media whiz? Then perhaps a job as a media planner is right for you.
Candidates for media planning positions develop campaigns by picking the most effective combination of traditional media and newer distribution channels.
Candidates who can demonstrate both an innovative spirit and keen attention to detail will stand out to hiring managers.
They need to know how to negotiate bargains and have excellent communication skills to serve customers successfully.
In general, a master’s degree is required for employment in this sector, however, a bachelor’s degree is acceptable.
While many employment possibilities are concentrated in major metropolitan areas, others may be found in the comfort of your own home through the internet.
One path to success in the advertising industry is to become a media planner or brand planner.
Effective media campaigns are the result of the collaboration between media planners and their clients.
Human Resource Manager
Careers in human resources (H.R.) may be quite satisfying. H.R. managers assist businesses to find and keep the best workers, handle disputes and transitions, and encourage their staff members to grow professionally.
Whether an H.R. manager is overseeing permanent employees or working under contract for a limited period on a specific project, their responsibilities will vary widely.
More than half of all H.R. departments are required to hire at least one new employee every month, and this is despite the fact that it is difficult to locate competent applicants for vacant roles.
To become a human resource manager, you need at least a bachelor’s degree in a related field, such as HR or business. In addition to formal education, certifications in your field, such as the PHR or SPHR, can help you advance in your current position or find a new one elsewhere.
A factory manager’s job is to guarantee sufficient output of high-quality items and to keep employees safe. Average Pay: $95,000 (with incentives included). This person oversees an organization as a whole, including department heads and assistant managers in charge of specialized teams. They aid in preventing manufacturing delays by spotting quality control concerns before they arise, and they make sure their teams meet or exceed sales targets.
A manager in the manufacturing division of a corporation has to have worked in a supervisory capacity for several years, preferably at a competitor. You also need to be comfortable with frequent business travel and proficient with computerized inventory management software.
Manufacturers attempt to save costs wherever possible, including in the procurement of raw materials and the negotiation of vendor discounts.
Making significant savings as a factory manager might lead to a lucrative income. Excellent job stability and an average salary of $109,870 per year characterize the manufacturing management profession in 2015. Between 2002 and 2012, their population expanded by 18%. Manufacturing managers, in contrast to many other high-paying positions on our list, do not need graduate degrees; instead, they are chosen based on their experience and track record of success rather than their resumes.
According to polls conducted by various organizations, the average salary of a manufacturing manager is between $40,000 and $75,000. A manufacturing manager may expect to earn a median pay of $58,110 per year for working a standard week of 42 hours. An associate’s degree or other relevant certifications are often necessary for entry into the field, and several years of on-the-job training are also necessary.
Within a manufacturing company, the Communication Manager may be responsible for both internal and external messages. This person’s job is to get timely updates out to the whole company. In addition to seeking out improved methods of internal communication, these experts will seek to maximize consistent brand messages across a variety of channels. Communicating effectively in your sector will need some investigation (i.e., perhaps utilizing video more). Additionally, you may be asked to assist your company in repositioning its brand in response to shifting cultural and economic norms.
Earnings for a Communication Manager typically range from $93,000 a year or $36 per hour.
Customer Success Managers
Maintaining happy customers is a top priority for a customer success manager. In the consumer goods industry, client happiness is a competitive differentiation that must be constantly monitored. Successful consumer products firms often employ CSMs as one of several roles critical to maintaining client loyalty and generating repeat business. These experts typically work as a part of a corporate sales team or a marketing/support group, and they do most of their work in an office setting. They frequently communicate with the company’s upper management, who are more likely to come from a business or strategic background than a technical one.
Glassdoor reports that the average annual compensation for a customer success manager is $82,000, with the median wage coming in at $83,791
Quality Control Inspector
To ensure that all products meet specifications, a quality control inspector evaluates them once production is complete. In order to achieve this, a Q.C. inspector has to have experience in manufacturing and be proficient with a variety of instruments, including x-ray machines and microscopes. If you want to make it as a quality control inspector, you need to be able to focus on the smallest of details and do routine work with ease. Quality control inspections are often above-average paying and stable careers. It’s not uncommon for companies to provide training programs and certification exams, and some even pay for their employees’ tuition.
For difficult challenges, a data scientist’s finest defining characteristics are a knack for technology and a sense of adventure. Information becomes more difficult to decipher as its complexity grows. Businesses require someone with a broad perspective, or “data scientist,” to put all data into its proper context. They are usually well-versed in quantitative fields such as computer science and analytics.
The field of data science is relatively young, but its popularity has skyrocketed in recent years as businesses have come to grips with the volume and variety of their available data. Check out how much most people make on average in this industry.
The U.S. Bureau of Labor Statistics puts the median annual income of a data scientist at $100,560. It is one of the high-paying jobs in consumer durables.
Market researchers can conduct studies for a wide range of clients, including for-profit and non-profit entities alike. To get a feel for how customers feel about a product or service, market researchers may conduct in-depth interviews or distribute surveys to local companies and consumers. Researchers also use survey data to gauge the health of various brands and provide insight into consumer preferences for production. The job is never boring due to the variety of tasks required. However, you need education in fields like statistics, market psychology, social science, etc. if you want to succeed in market research. If you want to get rich immediately, you might want to check elsewhere on our list because these abilities might take some time to learn and training can be expensive.
Reports estimate that the average annual compensation for a market researcher is $70,000.
Industrial designers are the creative minds behind the form and function of a company’s goods. Most people think of computers and TVs when they hear the term “industrial design,” but the same techniques may also be used in the development of medical equipment, aircraft, and automobiles. A bachelor’s degree from an approved school is required to become an industrial designer, and internships are usually required for individuals without relevant work experience. The National Council of Architectural Registration Boards (NCARB) is one example of a professional body that offers tests for prospective architects.
As of May 2022, industrial designers may expect a median yearly pay of $68,150.
An administrative assistant’s primary function is to act as a link between a company’s top management and the rest of the organization. Secretarial tasks like taking dictation and writing out letters, as well as helping with vacation plans and managing a busy schedule, are among their many possible roles. The position also requires the employee to do clerical tasks, such as filing, maintaining databases, word processing, sending faxes, greeting visitors, and distributing mail. While some administrative assistants’ primary duties involve working with electronic databases, others’ focus is on maintaining paper files. Most administrative assistant professions require a bachelor’s degree. In some fields or settings, however, you may be able to substitute a college degree or relevant work experience for these prerequisites.
Production Line Operations Supervisor
To put it simply, a company’s production operations are managed by a Production Supervisor. While most Production Supervisors oversee a particular department, some are in control of the entire business. They play a crucial role in making sure everything runs smoothly and safely, from the delivery of supplies to the operation of machinery. For good reason, many businesses prioritize maintaining a constant flow of manufacturing. Ultimately, quicker manufacturing lines equal more output and more profits. When a production line is operating at full capacity, it can be challenging to maintain quality control, which is why having an operations supervisor is so important. These experts assist manage manufacturing staff to guarantee high quality and efficiency before items are sent to customers. As a result, production line operations supervisors are a good option to investigate if you want a job with room for growth and variety in the workplace.
They make an annual income of $95,000 on average.
Some risk executives are in charge of teams whose duty it is to assess potential dangers to a company’s bottom line and develop plans to deal with them. Specialists who analyze dangers from acts of God (i.e. tornadoes), terrorism, or transportation errors that might result in spoilage or harm could be employed by a consumer durables company in addition to the person who might help with regulatory compliance. As of May 2013, there were 32,800 people employed as risk management and insurance professionals in the United States, with an average weekly wage of $410.
According to the BLS, the median salary for risk managers is $68,460 per year.
Production line employees have manufacturing supervisors to look over their shoulders. They devise shift plans, oversee employees, allocate responsibilities, and keep tabs on the outcomes of everyday operations. Foremen in the manufacturing industry may expect an average salary of $31,600 per year, or $15 per hour. Expertise in manufacturing methods and general management are potential strengths of these specialists. Many community colleges provide training programs for supervisory roles, however, some firms demand a bachelor’s degree. Typically, a degree or certificate of this sort is all that is required to gain employment. Supervisors in the manufacturing industry usually put in 40 hours a week, but during peak times, they may be expected to put in more.
The number of manufacturing companies in the United States increased by 1,4 percent, to 638,583, between 2021 and 2022.
Furthermore, during this time period, thousands of new employment were generated in the durable goods sector.
If the consumer durables industry interests you, now is a good time to begin your professional career in it. However, modern society is based on service to others and cutting-edge technology.
Therefore, you should hone skills that will help you land the best paying jobs in the consumer durables industry.