May 10, 2023 by Chiamaka Geraldine
The best-paying jobs in the Consumer Electronics/Appliances industry include principal technical program manager and partner group program manager. They are eligible for high compensation because they have the required knowledge, training, and experience needed in the Consumer Electronics and Appliances industry. Additionally, they are highly relevant to the industry.
According to data from IBISWorld, the global Consumer Electronics manufacturing industry employs about 2.3 million people. The global Consumer Electronics market will grow at a compound annual growth rate of 5.3% from 2021 to 2026. This growth will lead to the creation of more roles and employment opportunities.
What Do Consumer Electronics/Appliances Jobs Pay?
The average annual salary in the Consumer Electronics/Appliances industry is $62,000. However, entry-level positions such as quality test assurance working for a large company can earn $80,000 annually. As employees gain experience and move into more specialized roles, such as user experience designers, salaries can increase to around $100,000 to $120,000 per year.
15 Highest Paying Consumer Electronics/Appliances Jobs with Good Salaries
The Consumer Electronics/Appliances industry demand experts who can design, develop, and maintain their products. For those seeking a career in this field, several high-paying job opportunities offer both financial stability and opportunities for growth.
1. Principal Technical Program Manager
Average Annual Salary: $307,000
A principal technical program manager leads complex programs that support a platform or product. They also form a portfolio of efforts to meet business goals and deliver the mission.
Principal technical program managers earn high salaries due to the complexity of the role and the high demand for their skills.
To get this role, you must possess a deep understanding of the technical aspects of the products they are working on. In addition, you need strong leadership, communication, and project management skills.
Employers seek candidates with a bachelor’s or master’s degree in computer science, engineering, or a related field for this role.
According to the United States Bureau of Labor Statistics (BLS), the growth outlook for this role is 10% from 2021 to 2031. This job will also create many employment opportunities during this period.
2. Partner Group Program Manager
Average Annual Salary: $330,000
A partner group program manager develops partnerships and formulates strategies that deliver innovative solutions. They work with other staff to ensure that the company’s products meet the needs of customers and partners.
Partner group program managers earn high salaries because they drive revenue growth and build relationships with partners. To get this role, you must have strong communication, negotiation, and leadership skills. Additionally, you need experience in project management, business development, and strategic planning.
The educational requirements for this role differ, but many employers prefer candidates with a bachelor’s or master’s degree in business administration, marketing, or a related field.
The job outlook for this position is positive, with an 8% growth rate from 2020 to 2030. There are currently 87,251 vacant positions in the US for this role. It will also produce many jobs in the future.
3. Director of Engineering
Average Annual Salary: $298,000
A director of engineering leads a team of engineers to design, develop, and improve products such as smartphones, laptops, and home Appliances. They also oversee the entire engineering process, from research and development to production and testing.
Directors of engineering in the Consumer Electronics/Appliances sector earn high salaries because of the level of responsibility and expertise required for the role. They possess strong leadership skills to manage a team of engineers and ensure their team completes projects on time and within budget.
Employers require a bachelor’s or master’s degree in engineering or a related field for this role. However, some look for candidates with several years of experience in engineering and management.
The job outlook for directors of engineering is positive, with a growth rate of 3% from 2020 to 2030. It will also create 74,800 employment opportunities by 2029.
4. Senior Director
Average Annual Salary: $298,000
A senior director oversees the development and execution of product strategies, manages teams, and builds relationships with industry-leading brands and retailers.
They earn high salaries due to their extensive experience and expertise in the field. Employees in this position possess strong leadership, communication, and strategic thinking skills.
Senior directors must have a bachelor’s or master’s degree in business, marketing, or a related field.
The job outlook for this role is positive, with a growth rate of 8% from 2020 to 2030. This position will create about 14,000 new jobs every year for the next 10 years.
5. Distinguished Technologist
Average Annual Salary: $287,000
A distinguished technologist leads research and development, identifies emerging technologies, and provides strategic guidance for product development and innovation. They also improve manufacturing processes, optimize supply chains, and enhance the user experience of products.
Distinguished technologists earn high salaries because they have a high level of expertise and experience and can lead and drive innovation.
To excel in this role, you must possess strong technical skills, including expertise in product design, manufacturing, and engineering. In addition, you need excellent leadership and communication abilities.
Educational requirements for this role include a bachelor’s or master’s degree in a relevant field. However, employers prefer candidates with extensive industry experience and a proven track record of innovation and leadership.
The job outlook for distinguished technologists is generally positive. It will also create new jobs, depending on the pace of innovation and the demand for new products and technologies.
6. Director of Product Management
Average Annual Salary: $272,000
The director of product management conducts market research to identify customer needs and preferences and uses this information to guide product development. They also define product specifications and work with engineering and design teams to develop product prototypes.
The reason they earn high salaries is due to the high level of responsibility and strategic importance of their role.
Directors of product management must possess a deep understanding of the product development process and technical knowledge of the industry and products. They must also be able to analyze market and sales data to make informed decisions.
Educational requirements for this role are a bachelor’s degree in a related field and several years of experience in product management or a connected field. However, some employers prefer candidates with an MBA or other advanced degree.
The job outlook for directors of product management is positive. According to the Bureau of Labor Statistics, it will grow by 10% from 2020 to 2030. This position will also create new employment opportunities in the near future.
7. Senior Fellow
Average Annual Salary: $259,000
A senior fellow in the Consumer Electronics/Appliances sector is highly experienced and an expert who leads research, development, and innovation projects within the company.
Senior Fellows earn high salaries because they possess a unique combination of skills, knowledge, and experience that is in high demand.
To get this role, you need a strong technical background in engineering or a related field and extensive experience in research and development. In addition, you must possess a deep understanding of the Consumer Electronics/Appliances industry and market trends.
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Many employers require a Master’s degree or Ph.D. in a relevant field, along with many years of experience in research and development.
According to the US Bureau of Labor Statistics (BLS), this role will grow by 3% from 2020 to 2030. It will also produce many jobs, depending on market demand, technological advancements, and the overall state of the economy.
8. Senior Data Scientist
Average Annual Salary: $252,000
A senior data scientist generates and analyzes large amounts of data from the company’s products, services, and customers. They use statistical and machine learning techniques to extract insights, identify trends, and make predictions to improve product performance and customer satisfaction.
Senior data scientists earn high salaries because they have expert skills in statistical modeling, machine learning, and data analysis.
