Consumer durable goods are products that are not purchased frequently because of their long shelf life (3 years plus). They are also known as durable goods. Durable goods are divided into two; consumer and business durable goods. Some consumer durable goods include cars, home and kitchen appliances, office equipment, and electronics.
The opposite of durable goods is nondurable goods. They are goods with a shorter life span, and we tend to buy them daily, weekly, or monthly. Some examples of nondurable goods are our paper products like the newspaper, envelopes, and tissue, and perishable food products like vegetables, milk, and fruits.
Have you ever considered pursuing a career in consumer durables? Well, you made the right choice. It is stated that this industry employs about 3 million people in the U.S and also provides them with high pay. They also produce essential goods consumers use for their daily needs, like washing machines and microwaves. The benefits are eternal.
In this article, we will share with you the 22 best-paying jobs in consumer durables, their average annual salaries, and education requirements to help you decide which to go.
1. Vice President Of Operations
The vice president of operations manages the operational activities that contribute to a more efficient and cost-effective process following the company’s goals and objectives.
Salary: The average annual salary for a vice president of operations is $133,500.
Education And Experience:
It would help if you had a bachelor’s degree in business, human resources, or the like. A master’s degree in insurance is also required. Other training and skill acquisition are a plus. Also, a vice president of operations must have 10 to 15 years of experience in any management role and a successful history in leadership roles.
2. Senior Manager
All sales cycle operations are under the supervision of a senior manager. It will be your responsibility to plan, organize, and help with the initial sales proposal. The senior manager must also ensure that each staff member remains positive and productive. More specifically, you are typically tasked with negotiating and finalizing agreements.
Salary: The Average Annual Salary For a Senior Manager Is $101,034
Education And Experience:
To pursue a senior management career, you need at least a bachelor’s degree in any business, management, or related field. However, most companies prefer a senior manager with a master’s degree in business.
Also, aspiring senior managers should have at least four years of team experience.
3. Product Manager
The product manager is the head of the product design team that research, design, and market products for the company. Their responsibilities include conducting market research to learn about competitor products or consumer needs, managing a team of product professionals and budgets, and collaborating with the customer care department to discover potential product flaws or customer ideas.
Salary: The Average Salary For a Product Manager Is $103,340
Education And Experience:
To pursue a product manager career, you need at least a bachelor’s degree in any business, statistics, or related field. Also, aspiring product managers should have at least three years of experience in product design and development.
4. Finance Manager
A finance manager manages an organization’s financial health to foster success and growth while adhering to all legal and financial standards. Typical responsibilities include financial planning to determine how to pay off debts and expand the business, analyzing financial paperwork to verify tax compliance, and collaborating with other departments to reach monetary objectives.
Salary: The average annual salary for a finance manager is $100,200
Education and Experience:
Financial managers candidates are expected to have a bachelor’s degree and at least five years’ experience in business or finance-related fields, such as accounting, securities sales agent, or financial analysis.
5. Risk Executive
The risk executive acts as a central risk management resource, collaborating with senior leaders and executives to define risk management roles and duties. They also create and implement an organization-wide risk management strategy that guides and educates organizational risk choices, such as how risk is defined, assessed, responded to, and tracked over time.
Salary: The Average Annual Salary For a Risk Executive Is $92,360
Education And Experience:
A bachelor’s degree in finance, accounting, or another closely related one is required to be a qualified risk executive. Also, most risk executives earn a master’s degree in risk management or a related field to advance their careers. Some also go as far as doing a doctorate. To become a risk executive, you are expected to have at least five years of experience in the risk management industry.
6. Electronics Engineer
Engineers in electronics design, create, assess, and maintain electronic systems and components. They may work for small businesses or in the commercial sector. Depending on the field, they develop, plan, do research, inspect the equipment, attend conferences, and communicate with others daily.
Salary: The Average Annual Salary For An Electronics Engineer Is $81,500
Education And Experience:
To pursue a career as an electronics engineer, you need to have a bachelor’s degree in electronics engineering, electrical engineering, or a related field. Additionally, accreditation by Accreditation Board for Engineering and Technology, Inc. is required. Electronics Engineers may also be required to obtain state licensure that requires an ABET-accredited engineering degree, a passing score on the Fundamentals of Engineering exam, at least four years of work experience, and a passing score on the Professional Engineering exam.
7. Executive Director
An executive director oversees all operations carried out in the company. In addition, they ensure qualified candidates are hired and trained well enough to build the company’s leadership. Executive directors are also part of the Board of Directors and contribute to decision makings that will improve the company’s overall activities.
Salary: The Average Annual Salary For An Executive Director Is $83, 407
Education And Experience:
To pursue a career as an executive director, you need a minimum of a master’s degree in business administration. It means you should already have a bachelor’s degree. Some companies might request executive director candidates to have a doctorate. Also, executive director candidates are expected to have at least ten years of experience in a senior leadership role.
8. Robotics Engineer
Robotics engineers are in charge of designing and developing robotic prototypes. The job entails constructing, configuring, testing, and debugging robotic systems. They also work with developers, project managers, and stakeholders on robotic projects.
Salary: The Average Annual Salary For a Robotic Engineer Is $85,789
Education And Experience:
To pursue a career as a robotic engineer, you need a bachelor’s degree in robotic engineering, computer science, or a related field. However, most companies prefer a robotic engineering candidate with a master’s degree. Also, candidates should have three years of experience in a related field.
9. Strategy Consultant
A strategy consultant studies the company’s goals and business process to be able to give recommendations or advice on how the company can achieve its target. They also provide strategies that the business can adopt to grow.
Salary: The Average Annual Salary For a Strategy Consultant Is $98,211
Education And Experience:
A strategy consultant must have a bachelor’s degree in any business-related field. Also, a master’s degree in business administration or business analytics is usually preferred. They should also have five years plus of experience in the business management field.
10. Computer Engineers
A computer engineer is in charge of researching, managing, and designing computer hardware and software systems. They also write and test software that is used on mobile devices. In addition, a company’s computer engineer ensures all computer and software products run smoothly by providing technical support to computer-related issues. They also oversee the company’s cloud storage accounts and ensure they are well protected from cyber attacks.
Salary: The average annual salary for a computer engineer is $89,563
Education and Experience:
To be a computer engineer, you need a bachelor’s degree in computer science or a related field. Most companies might require a master’s degree or doctorate. Computer engineers can also get certificates like Cisco-Cisco Certified Network Associate and Microsoft Azure. Entry-level computer engineers gain experience from freelancing or internships. In contrast, other computer engineers are expected to have at least a year of professional experience in a junior role.
11. Automotive Engineer
Automotive engineers help design new vehicles and ensure the existing ones function well. Automotive engineering requires professionals in the field that can carry out in-depth research. They create drawings for new vehicle products and study the product for failure.
Salary: The Average Annual Salary For An Automotive Engineer Is $81,837
Education And Experience:
To pursue a career as an automotive engineer, you need to have a bachelor’s degree in mechanical engineering or a related field. It is because most universities need to offer automotive engineering. In addition, automotive engineering graduates receive hands-on experience from internships in the automotive industry. It is vital if you want to get employed.
12. Quality Assurance Engineer
A quality assurance engineer monitors a product’s overall quality, safety, and reliability to ensure it complies with company standards. They also perform routine inspections and quality tests on the products.
Salary: The Average Annual Salary For a Quality Assurance Engineer Is $76,680
Education And Experience:
To pursue a quality assurance engineer career, you need a bachelor’s degree in Information systems, computer science, software engineering, or other related fields. For a job like this, you should be familiar with programming languages such as python, javascript, PHP, etc. In addition, a quality assurance engineer candidate should have experience in software development.
13. Marketing Manager
A marketing manager develops, implements, and executes strategic marketing plans for the company to drive sales and increase customer rates. In addition, the marketing manager works with their team to create strategies and budgets to promote the company’s products and services.
Salary: The Average Annual Salary For a Marketing Manager Is $71,250
Education And Experience:
To be a marketing manager, a bachelor’s degree in marking or business administration is required. However, some high-paying companies may prefer candidates with a master’s degree, especially MBA. In addition, other skills like design and media production can make your resume look more attractive.
14. Sales Manager
A sales manager oversees the daily operations in the sales department of the company. They also guide, mentor and train hired sales personnel. They also set sales quotas and create sales plans for the company.
Salary: The Average Annual Salary For a Sales Manager Is $78,353.
Education And Experience:
Sales managers are required to have a bachelor’s degree in business, marketing, or communication. Some sales manager vacancies may request only your high school diploma certificate and depend mostly on skills. Sales managers must have at least five years of experience in the sales department.
15. Business Analyst
A business analyst‘s role is to conduct market analyses and analyze the product line and the overall profitability of the business. It is done by monitoring the data metrics of the company to understand its reporting needs.
Salary: The Average Annual Salary For a Business Analyst Is $77,536
Education And Experience:
You need a bachelor’s degree in business administration, business analytics, or a related field to be a business analyst. But most times, a master’s degree in a major like business analytics can help you advance your career. In addition, a business analyst may need at least four years of experience in a business-related field.
16. Media Planner
A media planner is in charge of creating strategies used to carry out marketing campaigns on different media channels. These brand strategists, as they are called, present campaign proposals to the company and study the campaign’s progress as they oversee its budget.
Salary: The Average Annual Salary For a Media Planner Is $73,029
Education And Experience:
Bachelor’s degree in a relevant field, such as business, market research, or marketing, is required for media planners. Some senior media planner professions require a master’s degree in media studies. Some employers prefer individuals who have completed internships with marketing, advertising, or media companies.
17. Human Resource Manager
A human resource manager HRM is responsible for coordinating the administrative activity of a company’s personnel. They develop recruitment strategies, implement systems to manage staff benefits, payroll, and behavior, and onboard new employees. The human resource manager also creates employee compensation plans based on pay surveys and research.
Salary: The Average Annual Salary For a Human Resource Manager Is $79,736
Education And Experience:
To be an HRM, you need a bachelor’s degree in human resources, business, or related fields. Certifications are often optional, but they can pave the way for you in higher companies. Human Resource Certification Institute is an example of a professional association that provides these certificates. In addition, to be a human resource manager, you need at least three years of experience in the human resource department.
18. Fashion Forecaster
A fashion forecaster’s primary role is to predict fashion trends using research and analytical skills. They not only discover new and innovative styles but also provide inputs to the designer to help them design according to the predicted colors, fabrics, and patterns.
Salary: The Average Annual Salary For a Fashion Forecaster Is $63,536
Education And Experience:
To be a fashion forecaster, you need a bachelor’s degree in fashion design. Also, fashion forecasters are expected to work for several years in the fashion industry before going for the position.
19. Market Researcher
A market researcher will collect and analyze data regarding consumers’ patterns of sales, products, and services to establish strategies for the future of marketing. They may also use the information they gather to make reports to help drive business plans.
Salary: The average annual salary for a market researcher is $
Education and Experience:
Many organizations need market research analysts to hold a bachelor’s degree in a marketing-related field. However, to better comprehend customer patterns, some marketing researchers prefer to pursue degrees in social sciences, such as psychology or business administration. In general, companies choose to engage market researchers with marketing sector experience.
20. Account Manager
An account manager communicates with the customers to ensure their needs are met. Account managers should be able to develop solid client relationships so that they won’t only retain existing customers but also gain new ones. Finally, they also collaborate with other divisions in the company to ensure customer satisfaction is met.
Salary: The Average Annual Salary For An Account Manager Is $58,653
Education And Experience:
A bachelor’s degree in business administration, marketing, or a closely related field is required for applicants. On the other hand, organizations favor hiring applicants with a master’s degree and work experience with clients. Other companies might be looking for candidates with certifications from the field, such as the Strategic Account Manager Certification provided by the Strategic Account Management Association.
21. Collection Associate
Collection associates act as intermediaries between creditors and clients to recover delinquent payments. Their duties include monitoring assigned accounts, contacting debtors to commence recovery, and negotiating debt payments. Additionally, they may create repayment schedules.
Salary: The Average Annual Salary For a Collection Associate Is $43,520
Education And Experience:
A job as a collection associate will require a bachelor’s degree in finance, business, accounting, or any related field. A collection associate should also have at least three years of experience working in the accounting field.
22. Administrative Assistant
An administrative assistant provides broad office support to individuals or groups within a firm. In addition to other duties, they manage communications between staff members and clients, organize schedules and events, do data entry and bookkeeping, and maintain office supplies.
Salary: The Average Annual Salary For An Administrative Assistant Is $42,355
Education And Experience:
You can be an administrative assistant with your high school diploma certificate, but you will need two years of experience working in the administrative industry. Most companies will look out for skills you can offer.