Some of the best-paying jobs in consumer durables are currently witnessing increasing growth.
The consumer durables sector aims at long-term growth. This is all in credit to favorable consumer demographics, a general increase in services, and industrial expansion.
Consumer durables have seen an increase in demand from a large and diversified customer base all over the world.
Both the urban and rural economies contribute to the sector’s growth, with the former accounting for the majority.
The urban and semi-urban sectors make use of consumer durables, such as electronic devices, appliances, home products, cleaning equipment, and fans.
They are used to some extent in rural regions as well, thanks to technological advancements.
Are you interested in starting a career in consumer durables? This article reviews everything you need to know about the best-paying jobs in consumer durables.
What are Consumer Durables?
Consumer durables also mean durable products or durables. They are items that do not need to be purchased regularly and normally last at least three years.
Consumer durables are a type of consumer item that does not wear out rapidly and so does not need to be replaced for some time.
Economists pay close attention to consumer durable spending since it shows the economy’s strength.
Appliances such as washers, dryers, refrigerators, and air conditioners are examples of consumer durable items. Additionally, select tools, computers, televisions, jewelry, vehicles & trucks, home, and office furniture.
Is Consumer Durable a Good Career Path?
Consumer durable occupations are among the top career options for students searching for a satisfying career. There are several reasons a career in consumer durable is a good choice. Some of them are:
Rewarding pay
This is another important element that individuals consider while applying for jobs in consumer durable firms. Most consumer durables industries that operate on a broad scale are profitable. They truly reward their employees when they perform well.
Diverse career field
The presence of several departments makes the consumer durable sector very appealing. The consumer durables sector includes large corporations with several departments.
Aside from that, most of these departments are always in search of skilled employees to work with them.
As a result, opportunity seekers have a wide range of job options available to them since these companies can hire and put them in any position.
There are no barriers to the type of labor available in these companies. You can work as a regular specialist or apply for temporary positions.
Flexible working hours
The best-paying jobs in consumer durables are high in demand because of the flexible working hours.
The flexibility in this career field enables you to engage in other activities outside work, without disrupting your work schedule.
If you are not interested in consumer durables but like flexible working hours. Consider: 15 Flexible Part-time Jobs You Can Do From Any Location
What are the 15 Best Paying Consumer Durable Jobs?
The best-paying jobs in consumer durables are:
1. Product Manager
Product managers top our list of the best-paying jobs in consumer durables.
A product manager links corporate strategy, design knowledge, and consumer demands to create a relevant, viable, and valued product.
PMs are concerned with optimizing a product to meet corporate objectives and user requirements. More so, they are focused on maximizing return on investment. Product managers earn a median pay of $113,000.
If you love product management, you need to know: Product Manager Career Path: What Does It Look Like?
2. Strategy consultant
Strategy consultants examine a company’s business processes and goals and give recommendations to enhance the company’s direction.
They provide tactics such as cost-cutting, revenue growth, making important choices, and assisting organizations in defining their market or identifying trends within certain markets.
Strategy consultants help troubleshoot existing challenges and implement solutions. They also do a detailed analysis of a company’s rivals to help establish objectives and goals.
They research current market trends to assist businesses in adapting to changing conditions that affect output or goals.
Strategy consultants assist organizations in identifying crucial markets to target and adapt to achieve successful market transitions.
At the entry-level, strategy consultants often make between $70,000 and $100,000.
3. Marketing manager
With an estimated average median salary of $142,470, Marketing managers have one of the best-paying jobs in consumer durables.
Marketing managers handle a variety of tasks, including preparing estimates and budgets for marketing campaigns.
They are also involved in submitting the campaigns for approval, working with advertising agencies, taking part in negotiations, preparing sales and advertising contracts, and reviewing advertising material, such as print material, TV commercials, and online advertisements.
Marketing managers do a lot of work, learn about the Best Marketing Manager Job Description for 2022
4. Business analysts
Business analysts discover areas of the business that may be improved in order to boost efficiency and strengthen business processes.
They frequently collaborate with colleagues at all levels of the organization to discuss their findings and assist execute improvements.
Company analysts are also responsible for developing financial models to support corporate choices and comprehending business plans, objectives, and needs.
Business analysts earn an average of $77,218 per year hence are one of the Best paying jobs in consumer durables.
5. Account manager
Account managers are one of the most sought-after jobs in consumer durable. In most cases, an account manager is the company representative with whom the customer has the most one-on-one engagement.
This employee is to oversee the daily, normal chores associated with answering the customer’s requirements and concerns and managing their account activity.
It is normal for an account manager to perform many functions. They frequently need to shift their focus based on the customer’s specific scenario and how pleased the client is with their present account status.
The account manager would frequently act as a salesperson, customer support agent, technical specialist, and financial counselor, all rolled into one. A year’s compensation for an account manager is $58,662.
6. Sales representative
Sales representatives are to explain the advantages of a company’s products in order to increase sales.
These professionals operate as the point of contact between a company and its prospects or clients, and their tasks include discovering and educating potential consumers, as well as providing information.
Strong interpersonal and communication skills, as well as a Bachelor’s degree in business or a similar subject, are frequently required.
The impressive career option in the consumer durable field comes with an estimated salary of $86,250.
7. Communication co-ordinator
A Communications Coordinator is an administrative position that assists the communications department in the implementation and monitoring of communication plans.
This position includes the creation of public relations and marketing materials, such as press releases, blog articles, and newsletters.
It also involves analyzing and reporting data on marketing and communications activities, as well as planning promotional events.
Communications Coordinators can work in any field and for a variety of organizations, such as educational institutions, small enterprises, and corporations.
This role may vary based on the organization’s size and structure.
Communications Coordinators commonly held A bachelor’s degree in marketing, communications, or journalism, but it is not essential.
8. Media planner
Media planners hold one of the best-paying jobs in consumer durables. A media planner is to determine which media outlets are suitable for advertising a client’s brand or product.
They work in advertising agencies or media planning and buying firms to maximize the effect of advertising campaigns across a variety of media platforms, such as radio, television, the Internet, and billboards.
Media planners employ mathematical formulae to examine demographic data in order to determine what style of advertising will best fit their objectives.
Research suggests Media Planner’s annual salary will hit $79,748.
9. Customer success managers
A customer success manager earns an annual salary of $55,653. A customer success manager works with customers to ensure they have the tools and help they need to achieve their objectives.
This includes counseling them on purchasing decisions and onboarding new customers when they have been purchased.
CSMs have a thorough awareness of the demands of the customer and are to communicate typical consumer behaviors to the sales, marketing, and product teams.
Customer representatives are always at the forefront of interaction with the customer. Discover: Customer Service Representative Job Description for 2022
10. Field sales representative
During all encounters with customers and prospects, field sales representatives represent the brand. Customers have to learn how products or services may help them financially and professionally.
11. Administrative assistant
Studies have shown that administrative assistants are among the top selected career field in consumer durables. In an office, an Administrative Assistant plays a supporting function.
They are to organize and disseminate information to their coworkers, as well as answer phones and perform other administrative tasks.
Making travel and meeting arrangements, creating reports, and keeping suitable filing systems are all tasks of the Administrative Assistant.
The ideal applicant should be able to communicate well both verbally and in writing.
12. Sales Manager
Managers are among the best-paying jobs in consumer durables. A sales manager, also known as a supervisor, is to oversee team members in a certain department to ensure that it is operating efficiently.
Hiring and training personnel, developing and implementing company plans, and allocating tasks to team members are among their key responsibilities.
Managers may also be in charge of agreeing on improvement goals, tracking progress, and distributing staff responsibilities.
With a median income of $132,290, sales managers make the cut for best-paying jobs in consumer durables.
13. Product marketer
The product launch is the responsibility of the product marketer. product positioning and marketing strategies.
This is a critical function in ensuring that the product line stays on track with consumer trends and is profitable in the long run.
A product marketer may also work in product development, planning product launches, and generating messaging for new product releases alongside product developers.
14. Human resource manager
It’s not possible to review the best-paying jobs in consumer durables without adding the HR manager.
Human resources managers plan, organize, and direct an organization’s administrative operations.
They are to recruit, interview, and employ new personnel, as well as consult with senior executives on strategy implementation.
Human resource managers also act as a liaison between management and employees. With an average base salary of $107,942,
15. Staff accountant
A Staff Accountant is an entry-level or mid-level accounting professional who is to keep financial records for a company as part of a team.
Their responsibilities include ensuring IRS compliance, reconciling bank statements, and balancing the ledger for regular reports. A staff accountant’s annual pay is $49,858.
Frequently Asked Questions
The Consumer Durables business comprises long-lasting household items and equipment.
Yes, the consumer durables sector has a wide range of career options to select from.
Yes, most of the best paying jobs in consumer durables have very enticing salaries.
Sales or management skills and analytical skills are the top skills needed in this sector.
Conclusion
You should know there are several career prospects in this industry; the highest-paying jobs in consumer durables may be found in the aforementioned positions.
References
- Investopedia.com – Durables
- Investinganswers.com – Consumer durables
- Vedak.com – Consumer Durable Industry: Changes in 10 Years
- Newsred.xyz – Is Consumer Durables A Good Career Path?
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