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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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 use by 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.
The 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 be, results-oriented, maintain company standards, and 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, but they do not need a higher degree.
Education beyond a bachelor’s is unnecessary for most entry-level Account Manager positions (though higher degrees may lead to more lucrative pay).
However, most employers seek Account Managers who hold 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 vary 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.