Industrial machinery and components refer to the machines and parts used in industrial settings, such as factories, warehouses and production lines. These machines are designed to perform specific tasks or operations, and they are usually more rugged and durable than the machinery used in commercial or consumer settings. Industrial machinery can include everything from heavy-duty equipment like cranes and forklifts to smaller machines like air compressors and generators. Components can include things like motors, gears, bearings, belts and pulleys. Many manufacturers produce both industrial machinery and components, while some companies specialize in one or the other. There is a wide variety of both new and used industrial machinery and components available on the market.
There are many reasons why you might want to consider working in the industrial machinery/components industry. For one, this is a sector that is currently experiencing strong growth. In fact, according, the industrial machinery/components industry is expected to have grown to $572.62 billion in 2021. This means that there will be plenty of opportunities for those who are looking to advance their careers in this field. In this article, we feature 20 of the best-paying jobs in the sector. Some of these jobs require an advanced degree while others require a high school diploma.
#1 General and Operations Managers – $ 115,250
As a general and operations manager in the industrial machinery/components sector, you will be responsible for overseeing the day-to-day operations of your company. This includes ensuring that all production goals are met, as well as managing staff and resources. In addition, you will also be responsible for developing and implementing strategies to improve efficiency and profitability. In terms of salary, general and operations managers in the industrial machinery/components sector earn an average of $ 115,250 per year. However, salaries can vary depending on experience, education, and location.
#2 Machine Operator – $62,447
Machine operators in the industrial machinery/components sector are responsible for operating and maintaining a variety of machines used in the production process. They may also be responsible for performing quality control checks on products, as well as keeping track of inventory levels. Salary ranges for machine operators in this sector vary depending on experience and location but can range from $49,000 to $79,000 per year, according to Indeed. The average mean salary in the US is $62,447.
#3 Quality Control Inspector – $38,580
Quality control inspectors in the Industrial Machinery/components sector are responsible for ensuring that products meet quality standards. They may inspect products at various stages of production, from raw materials to finished products. Quality control inspectors typically use measuring and testing equipment to check for defects or deviations from specifications. The median annual salary for quality control inspectors in the Industrial Machinery/components sector is $38,580. The top 10 percent earn more than $62,970, while the bottom 10 percent earn less than $28,820.
#4 Human Resources Managers – $126,230
The human resources manager is responsible for all aspects of the human resources function in an organization. They develop and implement policies and programs related to employee recruitment, selection, training, compensation and benefits, labor relations and negotiation, and occupational health and safety. The human resources manager also works with other managers to ensure that the organization’s human resources are used effectively and efficiently. In the industrial machinery/components sector, human resources managers typically earn a salary $126,230 per year. However, salaries can vary depending on factors such as experience, education, location, and size of company.
#5 Forklift Operators – $38,380 per year
Forklift Operators in the Industrial Machinery/components sector operate forklifts to move materials and products around warehouses, factories, and other industrial settings. They may also be responsible for loading and unloading trucks, as well as keeping track of inventory levels. Salaries for Forklift Operators in the Industrial Machinery/components sector vary based on experience and location, but typically range from $30,000 to $40,000 per year with an average of $38,380.
#6 Warehouse Workers – $30,320
The tasks of a warehouse worker in the industrial machinery/components sector vary depending on the company they work for. However, some common duties include receiving and storing incoming inventory, picking and packing orders for shipment, and maintaining a clean and organized workspace. Warehouse workers typically earn an hourly wage, and their salary will depend on their experience and the company they work for. In general, warehouse workers in the industrial machinery/components sector can expect to earn $30,320 per year, according to the Office of Occupational Statistics and Employment Projections.
#7 Industrial Production Managers – $103,150
Industrial production managers in the industrial machinery/components sector are responsible for overseeing and coordinating the activities of production workers. They typically work in manufacturing plants and are responsible for ensuring that products are produced efficiently and on time. Industrial production managers typically earn a salary of $64,150-$170,470 per year. Salaries may vary depending on experience, education, and location.
#8 Machinists and Tool and Die Makers – $47,940
Machinists and tool and die makers are responsible for creating and maintaining the machines and tools used in the manufacturing process. They typically work in factories or workshops and use a variety of hand tools, lathes, milling machines, and other equipment to create new parts or repair existing ones. In terms of salary, machinists and tool and die makers in the United States earn a median annual wage of $47,940 per year. Those in the top 10 percent of earners make more than $68,250 per year, while those in the bottom 10 percent make less than $30,220 per year.
#9 Assemblers and Fabricators – $37,170
Assemblers and Fabricators in the Industrial Machinery/components sector are responsible for assembling and fabricating components for industrial machinery. This may involve welding, soldering, riveting, or screwing parts together. Assemblers and Fabricators typically work in factories or production plants. The median annual salary for Assemblers and Fabricators in the Industrial Machinery/components sector is $37,170. The top 10% of earners make more than $58,640 per year, while the bottom 10% earn less than $27,420 per year.
#10 Assembly line worker – $41,922
Assembly line workers are responsible for performing a variety of tasks to assemble products on an assembly line. They typically work in factories and earn an hourly wage. Assembly line workers may be responsible for attaching parts to products, testing products, or packaging products for shipment. In some cases, assembly line workers may also be responsible for operating machinery that assists in the assembly process. Assembly line workers typically receive on-the-job training to learn how to perform their tasks. According to payscale, assembly line workers earn an average of $41,922 per year.
#11 Financial Managers – $131,710
The tasks of financial managers in the industrial machinery and components sector vary depending on the size and scope of their organization. However, they typically oversee the financial operations of their company and develop strategies to ensure its financial stability and growth. Financial managers in this sector may also be responsible for managing investment portfolios, negotiating loans and leases, and providing advice on financial matters to senior management. The median salary for financial managers in the industrial machinery and components sector is $131,710 per year. Salaries can vary widely depending on experience, education, and location. Financial managers in this sector typically have a bachelor’s degree in finance or accounting, although some positions may require a master’s degree.
#12 Purchasing Managers – $75,410
Purchasing managers in the industrial machinery/components sector are responsible for a wide range of tasks, from negotiating contracts and developing procurement strategies to overseeing supplier relationships and managing risk. They must have an in-depth knowledge of the products and services their company needs, as well as the ability to find reliable and cost-effective suppliers. In addition, purchasing managers must be able to effectively manage risks, such as supply shortages or price fluctuations. The median annual salary for purchasing managers in the industrial machinery/components sector is$75,410.
#13 Shipping, Receiving, and Traffic Clerks – $ 38,210
Shipping, receiving, and traffic clerks in the industrial machinery/components sector track the movement of materials and products within a company or between different companies. They may also be responsible for keeping records of imports and exports. These clerks typically work in an office setting, but some may also work in warehouses or on production floors. Most shipping, receiving, and traffic clerks have at least a high school diploma, although some jobs may require postsecondary education or training. The median annual salary for these workers was $ 38,210 in 2021.
#14 Sales Managers – $67,760
Sales Managers in Industrial Machinery/components sector are responsible for managing a team of salespeople who sell industrial machinery and components. They develop sales strategies, set targets, and oversee the day-to-day operations of the sales team. In addition, they work closely with other departments to ensure that the products and services sold by their team meet customer needs. Sales Managers in Industrial Machinery/components sector typically earn a salary of $67,760 per year.
#15 Marketing Managers – $133,380
Marketing managers in the industrial machinery/components sector are responsible for planning, directing, and coordinating marketing efforts. Their specific duties vary depending on their employer’s needs, but they typically develop marketing plans, oversee advertising and promotion campaigns, conduct market research, and track sales data. In addition, they may also be responsible for managing a team of marketing professionals. The median annual salary for marketing managers in the industrial machinery/components sector was $133,380 in May 2021, according to the U.S. Bureau of Labor Statistics (BLS). The top 10% earned more than $208,000, while the bottom 10% earned less than $61,250. Marketing managers in this sector typically have at least a bachelor’s degree in marketing or a related field, and many have master’s degrees as well. They also usually have several years of experience working in marketing or a related field.
#16 Engineering Managers – $152,350
The median salary for an Engineering Manager in the Industrial Machinery/Components sector is $152,350. The tasks of an Engineering Manager involve planning, directing, and coordinating the research and development activities of an organization. They also develop budgets and timelines for projects and oversee the work of engineers and technicians. In addition, Engineering Managers also collaborate with other departments within their organization to ensure that all engineering projects are aligned with the company’s overall objectives.
#18 Accountants and Auditors – $77,250
Most accountants and auditors in the industrial machinery/components sector work in large accounting firms that provide services to a variety of clients. Some may also work for smaller accounting firms that specialize in serving clients in this sector. In either case, these professionals typically perform a variety of tasks, including preparing financial statements, reviewing accounting records, and providing advice on tax matters. As far as salary is concerned, accountants and auditors in the industrial machinery/components sector generally earn good incomes. According to the Bureau of Labor Statistics, the median annual wage for these professionals was $77,250 in 2021. However, earnings can vary widely depending on factors such as experience, education, and location. For example, those who
#19 Lawyers – $127,990
Lawyers in the industrial machinery and components sector represent clients in a variety of legal matters, including contract negotiation, product liability, intellectual property, environmental law, and regulatory compliance. They may also provide advice on mergers and acquisitions, joint ventures, and other business transactions. In terms of salary, lawyers in this sector typically earn annual salaries in the range of $61,400 and $208,000. Partners at top law firms can earn even higher incomes.
#20 Industrial Designers – $77,030
Industrial designers in industrial machinery/components sector are responsible for the design and development of new industrial machinery and components. Their duties include researching, planning, designing, and testing new products. They also work closely with engineers and other team members to ensure that the products they develop meet all safety and performance standards. Industrial designers in industrial machinery/components sector typically earn an annual salary of $77,030. Some may also receive bonuses or commission based on their performance. Salaries will vary depending on experience, education, location, and employer.