The Best Paying Jobs In Basic Industries | Basic industries are the core of any economy. They provide the foundation for all other economic activity and are essential to our way of life.
But which basic industries offer the best paying jobs? And which one is right for you? Here’s a look at the best-paying jobs in each of the major basic industries.
The Best Paying Jobs In Basic Industries: Which One Is Right For You?
Basic industries are those that produce goods or provide services that can be used to produce other goods or services. They include manufacturing, construction, mining, transportation, and utilities.
Basic industries employ more than 80% of all people in the world, and are responsible for two-thirds of the world’s economic output In the United States, basic industries account for approximately 18% of the economy.
So which basic industries offer the best paying jobs? To answer that question, we looked at median annual wages for workers in each basic industry, based on data from the U. S. Bureau of Labor Statistics (BLS).
We took the average hourly wage for all workers in a given industry and divided it by the total number of employees. This tells us how much money the typical employee makes per hour.
Also Read: Best Paying Jobs in Consumer Durables
What Companies are in the Basic Industries field in 2022?
The following are companies in the basic industries field:
- Financial Activities
- Educational Services
- Health Care and Social Assistance
- Arts, Entertainment, and Recreation
Businesses in the basic industries field are involved in extracting natural resources such as oil and minerals, and processing Raw materials are the basis of industries.
These industries rely on manufacturing to create finished goods that consumers want. Services provide the infrastructure and technologies needed to operate mines and factories.
Also Read: Best Paying Jobs in Consumer Durables
Why Should You Work in the Basic Industries Sector?
The Basic Industries sector is a vital part of the economy, with several chances for you to pursue. However, I feel there are more reasons why you should explore this professional route.
The following are reasons why you should work in the basic industries sector:
1. You can work anywhere.
Even if you don’t have a technical background, you can still pursue a career in the basic industries sector. This includes the farmers and the manufacturers of any industry.
2. The benefits are good.
The median salary for a basic industries worker is $78,500 per year. This is considerably higher than the median pay for all industries ($60,000). Furthermore, the cost of living is low in comparison to other areas of the country.
3. You can start right away.
To pursue a career in the chemical industry sector, you do not need any previous experience or knowledge. This also means that you can start your career at any age.
4. The potential for growth is excellent.
The industries in the basic industries sector are growing at a faster rate than the overall U.S. economy. There is no doubt that your career will thrive in the industry and you will have excellent job prospects.
5. Your community will benefit.
The industries in the basic industries sector are those that provide essential products and services to the country. In the end, your community and the country will benefit from a strong chemical industry.
What Kind of Education do I Need to Work in the Basic Industries Sector?
Engineering or technical degrees are often required for jobs in the basic industries. Many careers, however, do not need a degree and are available to individuals without one.
Before applying for a job, you should do some study about the sector you want to work in.
The information available online will help you decide if a degree is required or not. Below are some of the careers that require an engineering or technical degree.
The Benefit Of Working In The Basic Industries
The basic industries field has both high-paying and low-paying jobs. These include many of the best paying jobs in the United States.
The median annual wage for workers in the basic industries field is $60, 310. The following are the benefits of working in the basic industries:
1. The Best Paying Jobs
When it comes to pay, the best paying jobs in the basic industries field are found in mining and oil and gas extraction. Workers in these fields earn a median annual wage of $90,640 and $91,540, respectively.
2. Low Turnover Rate
The high wages and benefits in the basic industries field lead to low turnover rates. Only 4% of workers in these fields are out of a job within six months of being hired.
3. Health Benefits
Most employers in the basic industries field offer health insurance to their workers. In fact, 96% of all companies that provide health insurance cover at least 50% of their employees’ health care costs.
4. Good Benefit
Many employers in the basic industries field offer employees a 401(k) retirement plan, which allows them to save for their retirement.
In addition to this, 85% of companies that sponsor retirement plans allow workers to defer receiving their pension until they retire.
5. In The Right Career
The work in the basic industries field requires specialized skills and training. This helps to ensure that workers are in the right career for them.
6. Generous Vacation Benefits
Most employers in the basic industries field offer their employees at least 24 days of paid vacation. The median amount of paid vacation time is 35 days per year.
7. Strong Employee Relationships
Companies in the basic industries field have strong employee relations, because they place a high value on their employees. They offer employee benefits and other perks to keep them happy and working for the company for many years.
8. Good Career Advancement Opportunities
Many employers in the basic industries field offer generous career advancement opportunities to their workers. Some even provide tuition reimbursement for continuing education courses that prepare them for a promotion.
Are Jobs in the Basic Industries Beneficial?
Yes Jobs in the basic industries are among the best in the world. They pay well, are enjoyable and challenging, and provide an excellent opportunity to learn new skills.
Let’s take a look at some of the reasons why jobs in the basic industries are so desirable. To begin with, jobs in the basic industries pay well.
A basic industry job may pay anywhere from $65,000 to $100,000 per year, depending on the job, your level of experience, and where you live. However, as a worker in the basic industries, you may expect to make decent money.
What are the Highest Paying Jobs in Basic Industries?
1. Petroleum Engineers
- Median annual salary: $137,330
- A bachelor’s degree in petroleum engineering or a closely related subject, such as mechanical, civil, or chemical engineering, is required.
Extraction of gas and oil from subsurface resources is another employment in basic industries. These engineers look for these resources and dig wells on land or at sea using technology such as drills.
Because this is a difficult task, a strategy must be developed beforehand. Petroleum engineers need a cost-effective drilling procedure that takes into consideration the location of the gas and oil, the route it will travel, the appropriate equipment, and other criteria.
- Median annual salary: $93,580
- A bachelor’s degree in geoscience engineering or a closely related discipline, such as physical science or natural resources, is required. It is preferable to have a master’s degree.
Geologists research how mineral and oil deposits are formed in order to better understand the earth’s subsurface. They are crucial in the fundamental industries since they supply the necessary information and expertise for any extraction.
Normally, they examine samples of the landscape to determine its current condition or minerals to determine its composition. Reporting on their discoveries may aid in the discovery of neighboring natural resource reserves and the analysis of more data.
3. Mining and Geological Engineers
- Median annual salary: $93,800
- A bachelor’s degree in engineering is required. A bachelor’s degree in civil, environmental, or geological engineering is often accepted.
Despite the fact that people remove ores from mines, it is critical to maintain them secure. As a result, these engineers play an important role in the fundamental industries.
Their main goal is to design and build structures in mines that make metal extraction more efficient and safe. They also optimize the extraction path so that mineral delivery is rapid and well-organized.
Mining engineers usually concentrate on a single metal or mineral, such as gold, while geologists hunt for mineral deposits. Finally, both occupations devise a strategy for efficiently mining the minerals and transporting them outside.
- Median annual salary: $95,640
- A bachelor’s degree in materials science and engineering, or a comparable engineering subject, is required.
The first stage in making a product is to have the right materials, which metallurgists research. Understanding the structure and functioning of metals necessitates these employment.
Metals like copper and aluminum, for example, are often utilized in items. As a result, their qualities must be investigated in order to determine what may be built with them.
The extraction of metals without metallurgists might be difficult since they are familiar with their composition. They may help to speed up the process by bringing methods to the table and seeing what needs to be improved in the mines.
5. Workers in the Logging Industry
- Median annual salary : $42,350
- A high school diploma and on-the-job training are required.
When it comes to the forestry business, logging employees are log harvesters. These workers work for the foresters and are in charge of the hard labor when it comes to tree cutting.
In order to do this profession, you’ll need to understand how to utilize equipment, how to attach wires around logs, and, of course, to constantly be aware of your surroundings and safety.
6. Foresters and conservation scientists
- Median annual salary: $64,010
- A bachelor’s degree in forestry or a similar discipline is required.
Forest and park maintenance is a difficult endeavor due to the abundance of vegetation. As a result, the goal of these occupations is to monitor their condition and conserve natural resources. Conservation experts gather data and develop ideas to restore natural places while minimizing harm.
Foresters, on the other hand, keep an eye on these activities and the people who work in the woods. Foresters are the best choice when it comes to planting new trees and keeping track of how well forests are developing.
These two positions appear in fundamental industries, since the former analyzes and organizes for wood harvesting, while the latter oversees the extraction process.
7. Agricultural Chemists
- Median annual salary: $80,680
- A bachelor’s degree in chemistry or a related subject is required.
With the introduction of chemicals, these chemists give protection and enhancement to agricultural fields. They experiment with various chemicals to see how they affect the crops. It will not only protect plants from pests and weeds, but it will also help them develop faster.
Herbicides, pesticides, fertilizers, and other chemicals are among the chemicals manufactured to aid crops. Furthermore, they research the soil utilized in order to enhance it and make it more fruitful.
- Median annual salary: $68,830
- A bachelor’s degree from a recognized post-secondary school in agriculture or a related discipline such as biology or chemistry is required.
In basic industries, their task is to deliver information on crops and vegetables to agricultural workers. The market sector must maintain a healthy crop since it will be consumed by humans and must be safe.
Things like soil type, crop layout, and weed control all need study. As a result, agronomists visit field crops to explore and analyze data in order to better understand how the harvest is progressing. Agronomists may also give management and procedures to help with the harvesting process.
9. Business Development Engineer:
- Average Salary per year: 95,000+
A Business Development Engineer (BDE) is a person that searches for and creates new market prospects for his or her organization. They develop connections with business partners, suppliers, customers, and others to ensure that the company accomplishes its objectives and deadlines.
Business Development Engineers serve as the main point of contact between their companies and outside businesses.
10. Health and safety officer:
- Average Salary per year: $63,000 +
The health and safety officials are in charge of ensuring that fundamental industries operate properly and safely. They enforce rules and regulations governing the usage of equipment like as forklifts and cranes to ensure that operators have the fundamental skills required to operate these vehicles.
Officers in charge of health and safety make sure that all employees have the knowledge they need to operate safely. They also keep an eye out for any risks as they arise so that they may be addressed swiftly before anyone gets harmed or sick.
- Average Salary per year: between $46,512 and $72,858
A pipefitter constructs pipe and fitting assemblies in industrial and commercial settings.
This one demands physical strength and endurance, but above all, earning your customers’ confidence by consistently supplying a high-quality product is crucial.
Pipefitters are also educated in the installation, maintenance, and repair of boilers, tanks, pumps, and other equipment used in the storage, transport, and distribution of water and industrial gases.
12. Truck driver:
- Average Salary per year: $47,000 – $60,000 +
In the basic industry, a truck driver’s job is to deliver products and materials from one location to another, frequently over longer distances.
Receiving, sorting, categorizing, and transporting items made or acquired from other firms are their responsibilities. They work in some of the most physically demanding positions in the basic sector.
What are the Best Basic Industries Jobs for Growth and Career Advancement?
With the birth of the Fourth Industrial Revolution, there is also a demand for advanced skills. As such, numerous industries are experiencing an increase in the need for more tech-savvy workers.
In fact, the demand for digital workers is expected to reach more than 50 million in 2020, which is 8% of the workforce. Furthermore, the need for advanced skills is expected to outpace the supply by 2020. This is driving up wages and making many jobs more competitive.
The 10 Best Basic Industries Jobs for Women
The following are the 10 best basic industries jobs for women:
- Agronomists: A $68,600 median salary and 80% of jobs held by women.
- Biochemists and biophysicists: A median salary of $92,800 with 75% of the jobs held by women.
- Microbiologists: A median salary of $65,000 with 70% of the jobs held by women.
- Plant pathologists: A median salary of $79,000 with 75% of the jobs held by women.
- Agricultural engineers: A median salary of $91,900 with 70% of the jobs held by women.
- Food scientists and technologists: A median salary of $76,100 with 75% of the jobs held by women.
- Quality control analysts: A median salary of $60,800 with 65% of the jobs held by women.
- Farm and machine managers: A median salary of $73,800 with 60% of the jobs held by women.
- Agricultural inspectors: A median salary of $53,900 with 70% of the jobs held by women.
- Soil scientists and agronomists: A median salary of $68,600 with 65% of the jobs held by women.
Final Thoughts: The Best Paying Jobs In Basic Industries
The best paying jobs in basic industries are in manufacturing. This is because the median annual wage for workers in this industry is $78,500. Furthermore, the cost of living is low in comparison to other areas of the country. If you want to work in a high-paying industry, but don’t want to move to a large city, the basic industries sector may be a good option for you. Are jobs in the basic industries beneficial? Yes, these include many of the best paying jobs in the United States. The median annual wage for workers in the basic industries field is $60,310.
Also Read: Best Paying Jobs in Consumer Durables