A lot of people want to work in the industrial machinery/components industry. One of the reasons why it is preferred by many is because it is currently experiencing strong growth. Last year, this industry grew to $572.62 billion. It means there are a lot of opportunities for those who are looking to advance their careers in this industry. If you are interested in working in the industrial machinery/components sector, you may want to check out the list of the best paying jobs in this industry below:
- Engineering Managers ($152,350 per year)
The engineering managers in the industrial machinery/components sector are in charge of planning, directing and coordinating the research and development activities of an organization. Besides, their responsibilities include developing budgets and timelines for projects and overseeing the work of engineers and technicians. Plus, they also work with the other departments within their organization to ensure that every engineering project is aligned with the overall objectives of the company.
- Marketing Managers ($133,380 per year)
In the industrial machinery/components sector, the marketing managers are in charge of planning, directing, and coordinating marketing sectors. Keep in mind that their specific duties may vary and everything depends on the needs of their employer. However, some of the most common ones include developing marketing plans, overseeing advertising and promotion campaigns, conducting market research, and tracking sales data. Plus, they may also be asked to manage a team of marketing professionals.
- Financial Managers ($131,710 per year)
Depending on the size and scope of their organization, the tasks of the financial managers in the industrial machinery/components sector may vary. However, some of the most common ones include overseeing the financial operations of their company and developing strategies to ensure its financial stability and growth. Sometimes, they may also have to manage investment portfolios, negotiate loans and leases, and provide advice on financial matters to senior management.
- Lawyers ($127,990 per year)
The lawyers in the industrial machinery/components sector are the ones that represent clients in some different kinds of legal matters, including contract negotiation, product liability, intellectual property, environmental law, and regulatory compliance. In some cases, they may also give advice on mergers and acquisitions, joint ventures and other business transactions.
- Human Resources Managers ($126,230 per year)
All the aspects of the human resources function in an organization are the responsibilities of the human resources managers. The tasks of the human resources managers include developing and implementing policies and programs that are related to employee recruitment, selection, training, compensation and benefits, labor relations and negotiation, and occupational health and safety. Aside from that, they also team up with the other managers to ensure that the human resources of the organization are used well.
- General and Operations Managers ($115,250 per year)
The job as a general and operations manager in the industrial machinery/component sector is to oversee the day-to-day operations of the company. The tasks include ensuring that every production goal is met, managing staff and resources, developing and implementing strategies to improve efficiency and profitability.
- Industrial Production Managers ($103,150 per year)
The responsibilities of the industrial production managers in the industrial machinery/components sector include overseeing and coordinating the activities of production workers. These employees usually work in manufacturing plants. They are usually responsible to ensure that every product is produced efficiently and on time.
- Accountants and Auditors ($77,250 per year)
In the industrial machinery/components sector, most accountants and auditors work in large accounting firms that provide services to clients. However, there are also some others that work for smaller accounting firms that specialize in serving clients in this sector. These employees usually do a number of things, including preparing financial statements, reviewing accounting records, and providing advice on tax matters.
- Industrial Designers ($77,030 per year)
The responsibilities of the industrial designers in the industrial machinery/components include designing and developing new industrial machinery and components. They are in charge of researching, planning, designing, and testing new products. Not only that, they also team up with engineers and the other team members to make sure that all the products that they develop meet all safety and performance standards.
- Machine Operator ($62,447 per year)
The main task of the machine operator in the industrial machinery/components sector is to operate and maintain a variety of machines that are used in the production process. Not only that, they are also responsible for performing quality control checks on products and keeping track of inventory levels.
- Machinists and Tool and Die Makers ($47,940 per year)
The main jobs of machinists and tool and die makers are creating and maintaining the machines and tools that are used in the manufacturing process. Their common workplaces include factories and workshops. During their working time, they usually use a different kind of hand tools, lathes, milling machines, and other equipment. These tools are usually used to create new parts or to repair the existing ones.
- Quality Control Inspector ($38,580 per year)
The responsibilities of the quality control inspectors in the industrial machinery/components sector include ensuring that every product meets quality standards. They may also inspect products at some different stages of production, from raw materials to finished products. They usually use measuring and testing equipment to check for defects or deviations from specifications.
- Forklift Operators ($38,380 per year)
Forklift operators in the industrial machinery/components sector are responsible to operate forklifts in order to move materials and products around factories, warehouses, and other industrial settings. Sometimes, they also load and unload trucks and keep track of inventory levels.
- Assemblers and Fabricators ($37,170 per year)
The assemblers and fabricators in the industrial machinery/components sector have the job to assemble and fabricate components for industrial machinery. Their jobs may include welding, soldering, riveting or screwing parts together. They usually work in factories or production plants.
- Warehouse Workers ($30,320 per year)
Depending on the company where they work for, the responsibilities of the warehouse workers may vary. However, there are some common ones, which include receiving and storing incoming inventory, picking and packing orders for shipment and maintaining a clean and organized workspace.