Looking for the best paying jobs in consumer durables? The consumer durables industry has grown by leaps and bounds in the past few years, particularly in Africa, Asia, and the Middle East.
In fact, more than 90% of the global consumption growth stems from developing economies like China and India, both of which have been recording double-digit growth rates in recent years.
According to the United States Bureau of Labor Statistics, consumer durables are products that are expected to last at least three years and have both initial and continuing purchase spending by consumers.
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The best paying jobs in consumer durables goods include furniture, jewelry, sporting goods, and some software products, excluding motor vehicles and transportation equipment.
According to the same source, employment of consumer durable goods salespersons is probable to grow 3% (at least) from 2016 to 2026, which is about as fast as the average for all occupations.
The median annual wage of employees working under consumer durable goods in May 2016 was $85,370, which means that there are many opportunities to find good-paying jobs in this job market niche if you know where to look.
This article will disclose the 21 best paying jobs in consumer durables available today.
What are the best paying jobs in consumer durables?
The following are the best paying jobs in consumer durables.
A Finance Manager has the task of making use of the company’s money by planning the budget and supplying relevant financial information for the executive management team in decision-making.
The finance manager at a consumer durable company is responsible for managing expenditures and monitoring income.
The position often involves coordinating with vendors and meeting all payment terms.
These managers also must ensure that their company maintains sufficient cash flow and establishes a long-term vision of financial growth.
According to the BLS, the finance manager’s median annual wage is $131710 as of 2021.
Program managers are responsible for accomplishing a particular organization’s goals. They get between various projects and organize their workflow, focusing on programming strategy, delegation, and implementation.
Program managers are important players in companies. With an average base salary of $71,000 per year and the potential to earn as much as $127,000 a year, it’s no wonder program managers are well compensated.
They direct large programs covering major initiatives such as product launches and post-mergers.
A project manager coordinates communication between departments and keeps things on track by setting deadlines to meet certain goals. This hands-on position is extremely high-level — yet also management intensive.
Sales managers are responsible for overseeing and mentoring a group of sales representatives. Sales managers, or sales supervisors, earn an average of $69,000 per year, ranging between $48,000 and $122,000.
The positions are available across many industries and usually require a college degree in marketing or business administration.
Sales managers typically work long hours coordinating their staff and delivering presentations to potential clients; these professionals have a high-stress job with lots of travel involved.
If you’re passionate about sales but don’t want to be on your feet for 50+ hours per week, look into management positions.
A sales manager must: be customer-focused, results-oriented, maintain company standards, understand financials know about computer programs.
An account manager’s job is to manage and develop existing accounts.
Account managers have frequent contact with both customers and other employees, making them one of the most important business relationship roles on a team.
These managers must be able to influence sales at an account level, be results-oriented and persuasive, anticipate opportunities, network well with others, and coordinate team activities.
Account Managers are more experienced than other sales jobs, and they do need a higher degree.
Education beyond a bachelor’s is necessary for most entry-level Account Manager positions (though higher degrees may lead to more lucrative pay).
However, most employers seek Account Managers with professional certifications or previous experience in related fields such as finance or marketing.
A product manager (PM) is an executive who leads a team in research, design, testing and marketing the goods to their intended consumers.
Product managers interact with the company’s engineering, marketing, user design, and sales teams to launch products and lead them through development.
As a product manager, you’ll be working closely with engineers and designers to develop new products and improve existing ones.
You’ll create specs for new items, ensure that they fit into company standards, negotiate with suppliers, and research new trends within your industry.
A background in engineering is beneficial; however, it’s also possible to start your career as a product manager without an engineering degree by pursuing an MBA concentrating on product management or purchasing.
Although pay varies depending on location and experience level, product managers can earn salaries well above $100k.
The duties of a marketing manager involve deciding what a company does with its marketing efforts and products.
Marketing managers are responsible for creating campaigns that get more customers to buy the company’s products and create more brand awareness.
A marketing manager’s responsibility is to manage all aspects of a company’s marketing efforts.
At a minimum, you can expect to help establish budgets, create advertising campaigns and manage any outside agencies involved in your campaigns.
Additionally, marketing managers also typically handle market research and competitive analysis, which helps them stay ahead of industry trends.
Compensation for these positions varies widely—depending on company size and location—but you can expect to make an average annual salary between $85,000-$125,000.
Senior managers have more wide-ranging responsibilities and opportunities than front-line managers, and senior managers are also eligible to become directors or general managers.
Like any manager, the senior manager has two jobs – the first is to assign tasks to people, and the second is to monitor the completion of those tasks.
The senior manager will intervene and redirect those under their authority if necessary.
A senior manager is typically responsible for directing the work of many supervisors, who control and direct the work of many other employees.
The senior manager might oversee the largest or most important groups depending on the organization’s scope.
According to a 2021 report by The Conference Board, senior managers make up more than half of all jobs in consumer durables.
These professionals earned an average of $91,000 per year, corresponding to an hourly wage of $45.80.
The job market for senior managers is likely to grow 6 percent over that same period, adding an estimated 102,700 new jobs for senior managers across all industries.
The retail manager oversees all aspects of a company’s business, from hiring and firing to cash management and customer relations.
Although responsibilities varies from one company to another, most retailers expect their managers to be highly visible and hardworking leaders who take an active role in team member performance.
In addition to having exceptional customer service skills, retail managers must also be able to keep store operations running smoothly.
Whether it’s making sure goods are stocked or directing salespeople on which displays are best for each product. On average, a retail manager earns $42,000 per year.
Do you have a knack for advertising and media? If so, then a career as a media planner might be for you.
In media planning, job candidates create campaigns by selecting appropriate print, broadcast, and online options.
Employers are looking for candidates with an eye for detail and creativity.
They must understand how to negotiate deals and have strong communication skills to work well with clients.
A bachelor’s degree is not typically mandatory for jobs in this field; employers prefer to hire candidates with a qualification of master’s degree.
While most jobs are in large cities, online opportunities are also available.
If you’re in the business of advertising and developing ads for your clientele, you may be interested in working as a media planner or brand planner.
Media planners work with clients to develop strategies for an effective media campaign.
Human Resource Manager
Working in H.R. is a rewarding career path. H.R. managers work to attract and retain talent, resolve conflict, and change management while helping employees improve themselves as employees.
The role of an H.R. manager can vary greatly depending on whether they’re managing full-time staff or in a contract with an organization for specific projects.
However, one thing remains constant – it’s difficult to find experienced candidates for available positions, and more than half of all H.R. departments are obliged to hire at least one new employee every month.
A human resource manager requires at least a bachelor’s degree in human resources or business administration.
In addition to official training, industry certifications such as PHR/SPHR can be helpful when it comes time to move up in your company or switch jobs entirely.
The function of a manufacturing manager is to keep the machines running smoothly, maintain safe working conditions, ensure the production of enough goods, and assure the high quality of goods.
Average Salary – $95,000 + bonuses.
Manufacturing managers usually manage a team that includes department managers and assistant managers responsible for overseeing smaller sub-teams, such as sales and operations.
A manufacturing manager also help to identify quality control issues before they cause production issues and help ensure their teams reach or exceed sales goals.
To become a manager within an organization’s manufacturing department, you must have several years of supervisory experience, ideally at another company in a similar role.
You also need to be familiar with computerized inventory management software and be willing to travel frequently as part of your job.
Manufacturers look for ways to save money by purchasing materials more efficiently or negotiating better deals with suppliers. If you’re good at saving costs, you can earn a good salary as a manufacturing manager.
In 2015, manufacturing managers made an average of $109,870 a year and had excellent job security. Their ranks grew by 18 percent between 2002 and 2012.
And unlike many other high-paying jobs on our list, manufacturing managers don’t need graduate degrees; they typically get hired based on experience and hard work rather than their résumés.
Industry analysts estimate that a manufacturing manager earns $40,000 to $75,000 per year. The median salary for a manufacturing manager is around $58,110, and they typically work full-time (42 hours/week).
The profession requires some education, usually an associate’s degree or other certificates, and one also needs experience with several years of overall job training required.
The Communication Manager for a manufacturing firm may oversee all forms of communication, including internal and external messaging. This role is to make sure information reaches every employee with time sensitivity.
These professionals (Communication managers) will be looking to optimize on-brand messaging through multiple mediums while continually working to find better ways to communicate throughout an organization.
Expect to research what types of comms work well within your industry (i.e., perhaps utilizing video more).
In addition, you may need to help your employer shape brand positioning and reposition it based on cultural or business trends.
Communication Managers can earn an average salary of around $93,000 per year, approximately $36 an hour.
Customer Success Managers
A customer success manager ensures that customers remain satisfied with their products and services.
Customer satisfaction is a key differentiator for durable consumer businesses, which requires constant monitoring of customer feedback.
Customer success manager helps ensure that customers continue to use and purchase from companies, making CSMs one of many crucial positions at successful consumer goods companies.
According to Glassdoor, customer success managers earn an average salary of $138,000 per year, and the median pay is typically slightly higher at $100,000 annually.
Customer success manager primarily operates out of offices or corporate headquarters as part of sales teams or marketing/support departments.
They regularly interact with a company’s top executives, who tend to have backgrounds in business and strategy rather than technology.
We can ensure customer satisfaction in many ways as follows:
- Collect customer feedback: Actively listen to customers’ opinions and understand their real needs.
- Provide multi-channel support: Enterprises can communicate with customers through social, telephone, email, and other channels to get in touch with each other.
- Maintain long-term communication with customers: Customize personalized gifts for customers in advance of holidays, such as metal pins, commemorative coins, etc. This can enhance customer satisfaction and also promote your subsequent cooperation.
Quality Control Inspector
A quality control inspector checks finished goods and make sure they are all up to standard.
To do so, a Quality Control inspector must have a background in manufacturing, but he must also know how to use several tools, such as microscopes and x-ray machines.
To be successful as a Q.C. inspector, you will also need to be extremely detail-oriented and able to perform repetitive tasks.
If you are looking for some job security with above-average pay, a quality control inspection might be right for you. Some employers even offer tuition reimbursement or certification opportunities!
The best way to define a data scientist is to possess both a mastery of technology and a craving for adventure, which means the answer to complex problems never really stops coming.
As data gets more complex, it becomes harder to interpret. For all data to be in context, businesses need a big-picture-type person—they call them data scientists.
Typically they have math, computer science, and analytics skills. Data science is a relatively new term, but its popularity has exploded in recent years as companies realize just how much information they have (or don’t have).
According to the U.S. Bureau, a data scientist’s average salary is $100,560 yearly.
Market researchers can do research for any organization, including, but not limited to, businesses, government bodies, and charities.
According to Glassdoor, market researchers receive an average base salary of $70,000 a year.
Market research is a broad field of study and can involve interviewing or surveying consumers or businesses for feedback about different products or services.
Researcher’s also analyze survey results to determine how well certain brands are performing and help companies figure out what customers want from their products.
The job is exciting because it’s so varied – there’s no getting bored here! However, if you want to excel at market research, you need training in statistical analysis, market psychology, social science, etc.
These skills can take some time to master – plus training costs money – so if your goal is to get rich quickly, you should probably look elsewhere on our list!
Industrial designers are responsible for envisioning how a company’s products will look and function.
Industrial design is most often associated with consumer electronics and appliances, such as computers or televisions, but it can also be useful in designing medical devices, airplanes, and even cars.
The average annual salary for industrial designers is $68,150 as of May 2022.
An industrial designer requires at least a bachelor’s degree from an accredited program; internships are often essential for experienced candidates.
Candidates may need to complete exams administered by professional organizations such as the National Council of Architectural Registration Boards (NCARB) or have prior work experience before earning licensure.
An administrative assistant serves as a liaison between an executive and other departments within a company.
Their responsibilities vary based on their industry, but they can include secretarial duties, such as dictation and composing correspondence, and assisting with travel arrangements and calendar management.
The job also involves clerical duties such as filing, database maintenance, word processing, fax transmission, and reception and mail distribution.
Some administrative assistants work primarily on computerized databases, while others are responsible for manually keeping track of important documents.
A bachelor’s degree is unavoidable for most administrative assistant positions. You can also use a postsecondary education or previous experience to substitute for some of these requirements in certain industries or situations.
Production Line Operations Supervisor
Production Supervisors oversee a company’s production operations.
Generally, Production Supervisors are in charge of a specific division, but some are responsible for entire operations.
One of their most vital tasks is ensuring the efficient, smooth flow of materials and supplies and machine functionality and adhering to safety standards.
Many companies try to keep their production lines moving as fast as possible, and for a good reason. After all, faster production lines mean faster output and increased profit margins.
However, it can be hard to maintain quality control on a line running at maximum speed; that’s where an operations supervisor comes in.
These professionals help oversee production workers and ensure everything is completed correctly and efficiently before the company sells the products.
In other words, if you’re looking for a career with opportunities for advancement—and with work environments that are rarely boring—production line operations supervisors might be worth researching further.
They earn an average salary of 95,000/year.
Some risk executives oversee employees whose job is to evaluate, calculate and then mitigate against various types of risks that threaten a company’s bottom line.
In addition to workers who might assist with regulatory compliance, a consumer durables firm might employ specialists who assess threats from acts of God (i.e., tornadoes), terrorism or transportation mishaps that could result in spoilage or injury.
The United States Bureau of Labor Statistics reports that 32,800 risk management and insurance specialists were employed nationwide as of May 2013, working an average of 41 hours per week and earning $91,490 annually.
BLS data shows that median pay for risk managers now is somewhat lower at $68,460 annually.
Manufacturing supervisors work in factories and are in charge of overseeing the production line workers. They develop shift schedules, manage staff, delegate tasks, and monitor the results of daily activities.
Manufacturing supervisors earn about $15 per hour or $31,600 annually. These professionals are likely to know production techniques and general supervision skills.
Some employers require a bachelor’s degree for these positions; however, many community colleges offer training programs for supervisory positions.
This type of education is often sufficient for hiring purposes. Manufacturing supervisors typically work a 40-hour week but may be required to work longer hours during periods of busyness.