The precious metals industry is an illustration of a sector that is not well known for creating jobs but is actually a fantastic career path for starting your own business or working in large corporations while earning excellent salaries.
The precious metals industry employs everyone, and they all make good money. Everyone has a median income that is enough to support a standard of living, from metalworkers and engravers to jewelry specialists.
How much money do the workers in precious metals make?
The average salary in this field for those with six months to a year of no experience is $47,000, compared to $33,000 to $40,000 for those with no prior work experience.
In the field of precious metals, jewelry designers, advisors, and specialists make the most money. A jewelry designer’s annual salary ranges from $55,000 to $80,000 on average; those who work for well-known brands earn more.
How can I get into the precious metals industry?
Due to the wide range of careers available in precious metals, there is no conclusive answer to this question. However, most positions in the precious metals industry don’t require a college degree. It’s important to keep learning, though.
For instance, trade schools or apprenticeships are typically required to gain numerous employment in the metalworking industry. Because training is practical and doesn’t require years of additional school that is why many people are drawn to this career path.
There are several reasons to pursue a career in precious metals. Among the most crucial are possibilities for professional development. The United States’ precious metal business is flourishing as consumers spend more money on precious metals for both financial and fashion purposes.
As a result, you can enter this area with ease and advance to top positions because as an industry grows, so do its workforce. Consider a professional route that earns $70,000 and doesn’t require a university degree as another argument. There are very few, and you’ll discover that the valuable metal is one of them.
Is precious metals a good career path?
YES!. Choosing a career in the precious metals sector is wise because it is secure. As long as people think of precious metals as expensive, you don’t have to worry about moving up in your career.
Although a license and professional experience can be a benefit to get the job fast, neither extensive work experience nor a highly educated university degree is necessary to choose a career in the precious metals business.
The future of precious metals is promising. As the world economy grows and stabilizes, there will be a rise in demand for precious metals. because it is easy to understand and they can immediately understand what they are purchasing.
What is the highest paying precious metal jobs?
1. Professional jewelry salesperson – $74,000/yr
A jewelry salesperson’s job is relatively straightforward; all they do is assist customers in selecting the ideal jewelry or assess the value of any accessories that customers wish to sell, as well as take orders to create jewelry based on the customers’ designs. This position is frequently mentioned and well-known among those attempting to enter the precious metal industry.
2. Jewelry Designer – $121,000/yr
If you’re enthusiastic about jewelry and enjoy drawing it, you can work as a jewelry designer in any sector that uses precious metals; this job is rewarding because jewelry designers earn a fair wage and can create their designs quickly.
3. Goldsmith – $65,000/yr
A goldsmith must do a variety of duties. They cut, polish, and create new products as part of their duties. Goldsmiths can make repairs to broken jewelry.
4. Precious Metal Broker- $55,000/yr
Brokers that specialize in purchasing and dealing with precious metals can work on their own, for a company, or in jewelry stores.
5. Investing Guide – $45,000/yr
Before investing in or accumulating precious metals, people consult specialists and experts for help and advice because making the wrong choice could cause their entire investment to disappear overnight.
6. Jewellery expert – $84,000/yr
Jewelry experts, as the name implies, are people skilled in recognizing a range of precious metals, their value, and their authenticity. Because of fraud, there is a growing need for jewelry specialists.
7. Metal advisor – $47,000/yr
Consultants for precious metals offer guidance and capital budgets to ensure a risk-free and profitable activity.
8. Store manager – $33,000/yr
Managers of jewelry stores are in charge of the store and the precious metals in it that are under their care. They are responsible to the general manager and maintain order in the workplace.
9. Engraver – $45,000/yr
Engravers who specialize in jewelry engraving are capable of identifying and personalizing a wide range of precious metals for their clients.
10. Quality Inspector-$67,000/yr
In the precious metals sector, quality control and assurance play a crucial role in confirming the authenticity of the metals that are sold to the general public.
Final thoughts
Precious metal is a good career choice for people who want to work in a field with a lot of room for advancement. Additionally, this vocation is fraught with risk! However, within a few years, you may become a millionaire!
Although working with precious metals carries some risk, you can succeed in the long run if you’ve got the technical know-how. You have a long road ahead of you, but your future is secure if you start in this industry with the goal of one day starting your own company or opening a jewelry store in a luxurious location like Nevada, Manhattan, Illinois, Florida, or wherever you like.