The market for consumer durables is expanding. In the United States, the consumer durables sector employed about 3 million people as of July 2022. Millions of individuals have high-paying jobs thanks to this $2 trillion sector. Low-skilled employees manufacture more than 95% of consumer durables.
This can be the career for you if you’re seeking for a long-term position that offers stability and doesn’t call for a lot of formal education. However, should you work in the consumer goods sector?
This article will analyze whether consumer durables is a good career path for you.
What are Consumer Durables?
Consumer durables, which are products that last for a long time and are used frequently, on a daily basis. Appliances, gadgets, cars, and furniture can all be considered consumer durables. They are typically constructed from premium materials, which increases their price relative to other items but also increases their durability.
As more individuals become aware of the advantages of purchasing durable products, the consumer durables market is expanding quickly. Due to its long lifespan and typically lower maintenance requirements than other product kinds, durable goods represent a significant investment.
Is Consumer Durables a Good Career Path?
This question is greatly influenced by your individual objectives and interests. A job in the consumer durables market, however, might be the best option if you have engineering experience or would rather take a different path. It is a dynamic industry that uses all facets of technology and daily provides clients with observable results.
For fresh graduates, the field of consumer durables offers a variety of job options. Graduates with these backgrounds can excel in the field because consumer durables frequently call for an understanding of engineering and production. It’s crucial to remember that not all positions in the consumer goods industry are the same. It’s crucial to investigate a position before applying because some jobs may require more ingenuity than others.
Given the relative youth of the field, many chances exist for qualified candidates. However, businesses that manufacture consumer goods are also constantly on the lookout for individuals with strong analytical and problem-solving abilities. In order to succeed, newcomers must be able to adapt to change and work well under pressure.
There are countless opportunities in the field of engineering for those seeking an education or perhaps a post-doctoral position.
What do Consumer Durables Jobs Pay
Depending on your expertise, you may earn more or less for this kind of work, but the typical annual income is roughly $60,000. Durable items might change slowly and may not offer many prospects for progress, so while it is a high-paying career, it does take some endurance. These careers are related to each other:
- Manager of Sales: $132,290
- Marketing Manager: $142,470
- Media Planner: $79748
Carpenters, power line installers, and electrical mechanics are frequently employed in the consumer durables sector. Managerial salaries range from $15 to $35 per hour, whereas wages for manufacturing occupations in the consumer goods sector vary on a number of criteria.
Your hourly or salaried status is one of the most crucial variables. Pay by the hour service is usually preferable to salary since it makes it simpler to advance in a certain field and allows for better retirement planning.
The Best Paying Jobs in Consumer Durable
Here are a few high-paying jobs in the consumer durables industry and their corresponding annual salaries
- Senior managers $131,778.
- Senior Executive$121,065
- Vice President Operations$123,692
- Product Manager$80,000 ~ $110,000
- Collections Associate:$39,507
- Business Analyst $82,886
- Business Analyst$90,000
Advice for Finding a Career in Consumer Durables
Here are some pointers to get you started if you want to pursue a career in the consumer durables sector:
1.Begin by conducting research. Trade journals and online forums are only two of the many options available to you for learning more about the sector. To fully comprehend the various facets of consumer durables, make sure to read articles and posts from various points of view.
2.Network. Talking to professionals in the field is the greatest approach to learn about consumer durables. Attend trade exhibits and networking gatherings, or ask manufacturers of consumer goods for information or guidance.
3. Establish a portfolio. Making a portfolio of your work is crucial if you want to succeed as a professional in the consumer durables industry. This might include images of your completed projects, an explanation of how you approached them, and any sketches or models you produced.
4. Attend class. Attending relevant courses and seminars can help you stay on top of the most recent developments in consumer durables trends and technologies. There are numerous approved courses available, so make sure to look for one that matches your requirements and interests.
What Companies Are in the Consumer Durables Field
Here are the top 10 list companies in consumer surables field:
- Apple Consumer
- Sony Ericsson
- Nokia Corporation(Nokia)
- Lenovo Group
The consumer durables industry is evolving. Goods are in high demand. If you want to develop a long-term career in consumer durables, you should take your situation and development plans into consideration. Good luck!