If you think you should be earning more as a manufacturing manager, you may be wondering: How does my salary compare to that of other manufacturing managers?
There are a number of factors that can affect the pay rate of a manufacturing manager, including the industry they are in, scope of their responsibilities and overall ability.
According to the Bureau of Labor Statistics (BLS), the median annual salary for manufacturing managers was more than $103,000 in May 2018. The federal agency noted the lowest 10 percent were paid less than $64,000 and the highest 10 percent were paid more than $170,150.
Type of industry is a major factor when it comes to determining a manufacturing manager’s pay. BLS statistics for May 2018 showed managers in chemical manufacturing had the highest median annual wage, at $112,840. Other top industries for median pay were transportation equipment manufacturing ($107,780), machinery manufacturing ($102,850), fabricated metal product manufacturing ($97,230) and food manufacturing ($96,290).
Typical Job Duties
The scope of responsibilities for a manufacturing manager has a major influence on what you should expect in the form of compensation.
A manufacturing manager oversees employees, machines and processes in a production area, making certain everything meets productivity, quality and regulatory standards. Some manufacturing managers are responsible for entire plants, while others are responsible only for one area of a larger facility.
Some people in this position must work with a company’s financial team to set production goals and budgets. Manufacturing managers also typically work with human resources regarding hiring, firing and staff development. They may regularly meet with the sales department to talk about client feedback and coordinate the production schedule with a shipping department to make certain products are delivered at optimal times.
The federal government has projected employment prospects for manufacturing managers to remain steady through 2026. Some manufacturing industries may experience a small dip in employment demand as a result of greater efficiency.
Previously, employment of manufacturing managers was minimally affected by productivity increases because these supervisors were mostly behind the coordination of work activities that led to higher productivity. However, as production facilities adopt leaner manufacturing practice and increasingly leverage automation, employment of both managers and workers is negatively impacted.
While these jobs have been at risk due to outsourcing, this risk has decreased recently by the trend of “reshoring,” where previously outsourced production capacity is brought back into the country. Furthermore, some companies are opting to shift production to incentivized regions of the U.S., as opposed to foreign countries. This trend has been called “domestic sourcing.”
Those seekers manufacturing manager do face competition for these jobs, with those who have significant experience and a college degree having the best job prospects and highest pay expectations.
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