You earned your business degree, and now you’re ready to get a job and start paying off those student loans. But which jobs pay well? And which industries should you be working in? We’ve done the research for you so that you can focus on getting the best possible job for your education—and your wallet!
The jobs in capital goods industry are some of the best paying jobs. This is because these industries are highly specialized and require years of experience to be a part of it.
The best paying jobs in capital goods are typically found in the aerospace, automotive, and heavy machinery industries.
The U.S. Bureau of Labor Statistics predicts that the best paying job in capital goods will be a mechanical engineer with a salary of $85,000.
20 Best Paying Jobs In Capital Goods
1. Investment Banker
This is a high-paying career, but it’s also a high-stress job. You work with people who are very successful and have made many millions of dollars. You will have to be able to deal with these people, know what they want from you and do it well.
The business graduate should be able to handle this type of pressure, but only if he or she has enough experience to understand how his or her company works and what makes them successful. The business graduate will not have this kind of experience unless he or she works for a large company that has been around for many years.
2. Business Consultant
Business consultants are experts in a particular field, and they are hired to help companies solve problems in their business. As such, their pay rate is based on the amount of time they spend on a project. Business consultants usually work with a team of people and may be paid by an hourly rate or salary or on commission. The more experience they have, the higher their pay grade will be.
3. Venture Capitalist
Venture capitalists work in one of the most exciting and potentially lucrative industries: venture capital. They oversee the investment of funds into startups, often early stage companies that are looking to grow rapidly.
Venture capitalists are part-time investors in high-growth businesses. They typically invest in private companies through a network known as a fund, which has a pool of money from other investors or institutions for use by its partners (who you’ll also read about below).
The bulk of a VC’s time is spent evaluating opportunities and deciding whether or not to partner with them on potential deals. In addition to this evaluation work, VCs need strong analytical skills so they can spot trends in markets and then advise their portfolio companies based on those observations.
The average starting salary for people who become venture capitalists is $98k/year; however, this figure varies depending upon where you work (eastern cities tend to pay more than western ones) as well as which company hires you (larger firms offer higher salaries).
As with all first jobs out of school or college, it may take some time before you start earning six figures—but if your job involves working directly with entrepreneurs who are creating new products or services that could change lives forever (or even just make peoples’ lives better), it might be worth waiting!
4. IT Manager
An IT manager is a person who manages the information technology of an organization. The IT Manager is responsible for the planning, development, and implementation of the organization’s information technology infrastructure.
- Job description:
The job description for an IT manager is complex and requires you to have specialized knowledge about both business areas and computer systems. Technological skills are essential for this job because you need to be able to understand how different technologies work together in order to create an effective system that meets your company’s needs.
You must also be able to manage people effectively while working with them on projects related to technology implementation within your company.
6. Customer Experience Director
As a Customer Experience Director, you will be responsible for making sure that your customers have the best possible experience. You may work in a company that offers many different products and services so it is important to be able to manage all of them. The customer experience can also be improved by changing one particular channel, such as their website or mobile app.
A good way to do this is by focusing on improving the navigation on these channels through user testing sessions where you ask real customers what they think about certain aspects of it before making any changes yourself.
7. Human Resources Manager
As a human resources manager, you are responsible for the hiring and training of employees. You also develop policies and procedures that support the organization’s goals.
You evaluate the performance of employees to determine if they should be retained or discharged, or need additional training or development to meet the requirements of their jobs.
You make recommendations on how to improve employee performance based on your observations and reports from others who work with them.
Human resource managers work in offices, directing activities related to personnel administration including recruitment; selection; performance appraisal; training programs; compensation systems; employee relations (including labor negotiations); benefits administration (e.g., insurance coverage); career planning services; equal employment opportunity initiatives (i.e., affirmative action), etc.; employee safety programs; leave management programs such as vacation time off schedules/schedules/plans/programs/projects/operations/jobs/workflow processes)
8. Healthcare Administrator
A healthcare administrator is a person who manages all aspects of healthcare facilities, including personnel and processes. Healthcare administrators must have strong leadership skills, a thorough understanding of insurance, as well as excellent communication and organizational abilities.
You can expect to make $90-$110 per hour as a healthcare administrator. The best industries for this position are:
- Government
- Health Care
9. Data Scientist
Data science is a job that requires a degree in computer science and experience with SQL. You could work anywhere from tech companies to hospitals, having the skills to solve problems through data analysis.
Data scientists are needed in every industry, from retail businesses to healthcare organizations, because they can help solve problems with their expertise in data science. They’re also involved with the creation of new products, which means even more opportunity for growth!
Data scientists use problem solving skills and creative thinking to find solutions that meet business goals and create value for a company’s bottom line. They apply these techniques by utilizing past experiences and trends predicted based on those experiences—this helps them predict future events more accurately than other types of workers might be able to do alone so companies know what kinds of products might sell well before they hit store shelves (or digital storefronts).
10. Operations Research Analysts
Operations research analysts are responsible for analyzing data and helping businesses with the decision-making process. They use a variety of techniques to analyze data and make recommendations to management. They may also be responsible for creating reports and presentations.
Financial analysts provide advice to help businesses invest their money and manage risk. They use financial models to analyze market trends and provide recommendations for investors, corporate clients, and individuals. Some work closely with individual investors while others work with corporations to manage assets.
11. Financial Analyst
Financial analysts are responsible for analyzing the financial markets and providing data to investors, as well as researching and reporting on market trends. Becoming a financial analyst requires a bachelor’s degree in finance or business administration, although there are some entry-level positions available to those with only an associate degree.
To be successful in this field, you should have strong communication skills, mathematical ability, and knowledge of accounting principles. Since working with money is involved here (who doesn’t like that?), having high levels of integrity is also important when considering becoming a financial analyst.
Financial analysts usually work full-time hours during regular business hours Monday through Friday; however, some companies may require them to work overtime during peak seasons or if there are stock market fluctuations that need immediate attention.
The average annual salary for a financial analyst was $69k in May 2018 according to Indeed’ calculations based on 3 million salaries reported by job seekers over its career website from Jan 2017 through April 2018
12. Executive Assistant to the CEO or President
To be an executive assistant to the CEO or President, you must be able to keep up with your boss and understand the intricacies of their job. They are responsible for making sure that all administrative tasks are completed on time and efficiently. This includes anything from scheduling meetings, taking notes during meetings, managing calendars and emails, travel arrangements, payroll processing and more.
The executive assistant needs to possess exceptional organizational skills as well as excellent communication skills so they can effectively communicate with other members of management teams.
The best jobs for this position are in New York City or Los Angeles where there is a high demand for top talent at large corporations such as Goldman Sachs (GS) or Disney (DIS).
14. Software Engineer Manager
Software engineer manager is one of the most popular positions in capital goods industry. If you are interested in this job, you will be able to find many opportunities and make a great income.
In a nutshell, your main tasks will include defining project requirements; leading software engineers; planning and scheduling work activities; managing budgets for projects; reporting progress to managers at various levels of management
15. Product manager
The product manager is a business leader and visionary who has the responsibility of making sure that a company’s products are successful. The role of the product manager is to ensure that products are created and marketed in a way that allows them to achieve their objectives.
The responsibilities of a product manager include:
- Designing, creating and managing new products or services (including software) within an organization
- Developing requirements for new features with internal stakeholders such as sales teams or engineers
- Ensuring all aspects of the development process run smoothly
16. Sales Engineer/Manager
A sales engineer is the one who represents a company in the field and helps customers to use and deploy their products. They have a deep knowledge of product details, as well as industry standards.
A sales engineer manager is responsible for managing technical teams within an organization, helping them deliver quality results on time with minimal resources invested by employers.
These managers should be able to ensure that team members are using skills efficiently, identifying ways to improve productivity and working collaboratively with other departments in order to achieve common goals.
Sales engineers typically work independently from home or at clients’ sites; therefore, they need excellent communication skills so that they can communicate effectively with clients over phone or email while also managing projects on their own schedule (e.g., completing tasks during off hours).
They must also be able to work under pressure because it’s not uncommon for these professionals to receive last-minute requests from customers who need assistance right away due either due some type of emergency situation or because they want something changed before going live next week.”
17. Financial Reporting Manager / Director
As a Financial Reporting Manager / Director, you will be responsible for the preparation of the company’s financial statements and related reporting. You will also manage the accounting and financial reporting functions, improve the quality of financial reporting, manage the internal control environment, ensure compliance with accounting principles and regulations.
The Best Job Industries for Business graduates
Business graduates are in high demand. They have the skills companies need to achieve their goals and maximize profits, which is why they can expect to earn an average of $65,000 per year. However, there are some industries where business graduates are paid better than others.
Here’s a look at the best paying job industries for business graduates:
- Capital goods 2022 – $70,000+
- Healthcare 2022 – $76,000+
- Energy 2022 – $75,000+
- Technology 2022 – $75,000+
- Manufacturing 2022 – $72,500+
Conclusion
The world has exponentially evolved with the coming of technology and innovation. From the advent of Crypto in the market to advanced AI, there is a growing need for graduates who can effectively guide businesses to make smarter decisions. So if you have a Business Degree, good news! Your time to shine is now, with more high-paying jobs than ever before.