The world of precious metals is an exciting one, with people working in a variety of jobs to bring these materials to the market. While some may be focused on finding and removing them from the earth, others are concerned with selling them or marketing them. Below you’ll find 14 high paying jobs in the precious metals industry that are definitely worth looking into!
Precious metals are important to everyone. They’re used in jewelry, electronics, industrial and scientific applications. The demand for gold has increased dramatically in recent years and is expected to continue increasing.
Precious metals have seen increased demand in recent years. Even though the price of gold, silver and platinum has been volatile, it is still one of the best paying jobs in 2019.
Precious metals are a safe-haven investment that is likely to increase in value as the economy continues to crumble. Here are the top five jobs in Precious Metals.
14 Best Paying Jobs In Precious Metals
1. Sales Manager and Director
It’s no secret that the precious metals market is on the rise, particularly for gold and silver. The jobs in this list are a great way to get involved in the industry and earn an income while you contribute to its growth.
2. Industrial Engineer
Industrial engineers are responsible for designing and managing the production of goods and services. They work with machinery, equipment, technology, materials, and labor to improve efficiency in manufacturing processes.
Industrial engineers are trained in the design, development, and improvement of manufacturing processes. Their job duties include improving productivity through the use of computers; testing or evaluating new technologies; analyzing problems within a company’s production process; conducting studies on customer satisfaction or employee needs; assisting in product development; developing ways to reduce costs by improving efficiency
3. Longwall Miner and Foreman
- Longwall Miner and Foreman
In the precious metals industry, a longwall miner operates a machine that removes coal in large quantities from underground mines. The longwall miner is responsible for overseeing the mining process and ensuring that it’s done safely and efficiently.
A foreman oversees both his or her workers as well as other personnel working at the site, including contractors. They make sure everything runs smoothly and deal with any problems that arise during work hours.
4. Maintenance Millwright Supervisor
A Maintenance Millwright Supervisor is responsible for the maintenance of milling equipment. They are responsible for the safety of the equipment, workers and environment. This means that they need to be able to understand how various pieces of machinery work and how they can be improved without compromising safety or efficiency.
They also have to know how best to train their employees on using this equipment in a safe manner.
A Maintenance Millwright Supervisor must also be able to communicate with all levels within an organization and make sure that everyone has access to information about what’s going on with production timelines or any major issues affecting operations on a day-to-day basis so that they can plan accordingly if necessary.
5. Underground Mine Foreman
What is an Underground Mine Foreman?
An underground mine foreman oversees activities in a mining operation, especially when it comes to the safety of workers. They also ensure that operations are running smoothly and efficiently, which includes keeping track of the budget and coordinating with supervisors and managers above them.
An underground mine foreman must have extensive knowledge about mining processes, equipment maintenance, personnel training, safety procedures and reporting systems because they’re responsible for working with many people in different areas at once.
Salary range: $55k – $80k per year (source)
6. Corporate Development Manager
Corporate development managers are responsible for identifying, evaluating, and managing potential business opportunities. They work to maximize the value of their company’s assets by developing new markets and sources of revenue.
A corporate development manager is usually a senior-level position that requires an advanced degree and years of experience in the field.
Corporate development managers can be found at many different types of companies including private equity firms, venture capital firms, investment banks, merchant banks and even private companies.
The average annual salary for a corporate development manager is $195,000 with top earners making over $500k per year (Glassdoor).
7. Senior Financial Analyst
If you like the idea of working for a financial institution and you have a bachelor’s degree in finance or accounting, becoming a senior financial analyst might be right up your alley. The job requires experience and licensing, so it won’t be easy to land.
If you do get hired as a senior financial analyst, though, you can expect to earn $115K annually on average—which is pretty good considering that qualifies as one of the best paying jobs in precious metals 2022.
8. Instrumentation Technician II
Precious metals are valuable, but they can also be dangerous. The best way to protect your workers is by having the right equipment on site. If you’re an instrumentation technician, you’ll be responsible for making sure all of these machines are working properly and helping your team manage any problems as they arise.
This job requires a bachelor’s degree in electrical engineering or technology, along with additional certifications from organizations like the International Society for Mine Safety and Health (ISMH).
9. Project Manager, Small Scale Mining
If you have a bachelor’s degree and are ready to travel the world, look into being a project manager.
This is a high-growth, high-paying job that requires at least five years of experience in the mining field. The average salary for this position is $68,000 per year and it has a job security score of 4.8/5 on jobsearch.about.com .
10. Production Planner and Scheduler II
Production planners and schedulers develop schedules, monitor progress, and coordinate activities in the production process. They also determine the availability of resources and components required to meet delivery dates.
Production planners must have a thorough understanding of how each element affects another in order to plan out tasks effectively.
Companies that use production planners include manufacturing companies, hospitals and healthcare facilities, restaurants and food service operations, hotels and lodging establishments (including nursing homes), government agencies (including local police departments), air transportation carriers (such as airlines), utilities providers such as electric companies or water authorities
The median annual wage for this occupation was $60,970 in May 2016.
11. Facilities Specialist III/Dispatcher III
Do you have a knack for helping people and solving problems? Are you an organized person who can keep track of multiple things at once? If so, this is the job for you!
A Facilities Specialist III/Dispatcher III is responsible for coordinating the work of other employees, as well as keeping track of their activities and making sure they are following their duties correctly.
They must be able to think quickly in order to solve problems that arise during their shift. This person must also be patient with customers who come into the office when something goes wrong with their vehicle or equipment.
These professionals generally need a bachelor’s degree in business administration or a related field along with several years of experience in customer service. The average salary is $46,000 per year but can vary depending on geographical location and employer type (for example: public versus private).
12. Crushing Supervisor
The crushing supervisor is responsible for the operation of crushing and screening operations. They are responsible for ensuring that these two processes are conducted safely, efficiently, and in a manner that preserves the value of pre-existing material.
13. Senior Estimator (Capital Projects)
As a senior estimator you will be responsible for the estimation of capital projects, including designing a budget, managing the schedule and scope.
As a senior estimator, you’ll be responsible for estimating the costs of large-scale construction projects. According to the Bureau of Labor Statistics (BLS), these jobs are expected to grow 18 percent by 2026.
The BLS reports that in 2016 there were approximately 1 million workers employed as construction managers or supervisors in the United States who earned an annual mean wage of $99,590 ($48.81 per hour).
14. Senior Surface Driller / Blaster
Surface drilling and blasting is a high-risk job that demands a high level of skill and experience. The workers are exposed to dust, noise, and vibration as they drill and blast tunnels and shafts in mining operations.
The leading cause of death among surface drillers/blasters is injuries or illnesses due to hazards at work (37%) followed by transportation incidents (35%).
Here are some jobs found in the precious metals industry that are paying well
The following list of jobs is just a sample of what’s out there. There are many more opportunities in the precious metals industry, so it’s important to do your research before deciding on a specific field.
- Precious Metals Buyer/Seller – $90,000-$150,000
- Jewelry Designer – $50,000-$80,000
- Precious Metal Refiner – $120,000-$140,000
- Miner/Mining Engineer – $70,000-$90,000
- Geologist/Geophysicist – $100K+
Conclusion
I hope that this article has helped you to consider the many different roles available in the precious metals industry. If you are looking for a rewarding career, there are plenty of options for you to explore.
With so much variation in pay and responsibility, finding a job that fits your interests and skills should be easy. We encourage all students who want to learn more about careers in precious metals to visit our website for more information on specific jobs as well as contact us if there is anything else we can help with regarding our programs or any questions at all!