12 Best Paying Jobs In Precious Metals 2023 (Up To $170K)

We all want the possibility of a lucrative job in an area that we are enthusiastic about. If the field of precious metals is your specialization and you’re interested in a an enjoyable and lucrative job. The precious metals industry provides an abundance of lucrative possibilities. You must consider all options available in the market before settling on the most suitable one.

The industry of precious metals is profitable due to the need for these precious metals in the current markets.

Platinum, gold and silver are three of the rare metals that are highly sought-after and not just in the US and around the globe. This alone allows you to have a long-lasting career that will bring many benefits to the lucrative business that deals in precious metals.

The question is to be asked, what are the highest jobs that pay the highest in precious metals? This article will provide you with the answer as well as all the details you require to start an opportunity in the field of precious metals which is suited to your abilities. Find out what precious metals are and find out more about the highest-paying jobs in the field of precious metals.

What are Precious Metals?

We’re all aware of the most basic precious metals. But, aside from platinum, gold and silver, there are a variety of other precious metals like the iridium, ruthenium as well as palladium, rhenium and Osmium.

Nature-based They are precious metals that have a significant economic value. Why is that you might ask?

Due to their rarity incredible beauty, value and their the history of their use as a value deposit. Furthermore precious metals have served as the basis of the world economy throughout time and are still an excellent asset that protects those who depend on them from any instability in the economy. Since they are in the business of long-term wealth preservation , the field of precious metals offers a many advantages for the future employees. It is therefore advisable to look into a job in precious metals if are looking to build a lucrative job that pays well.

Here’s our top list of most lucrative job opportunities in metals and precious stones and all the perks!

12 Best Paying Jobs in Precious Metals

If you envision yourself as an employee of the future in the industry of precious metals then you must know about the highest pay-for-performance jobs in precious metals.

  1. Broker of precious metalswith an annual average pay of $124,116
  2. Precious Metals Consultantwith an annual average income of $81,489
  3. Precious Metals Sales Agent- with an average annual salary of $75,504
  4. Metalworking specialists earn an average annual pay of $73,339
  5. Jewelry store manager – an average annual salary of $57.951.
  6. Gemologist – an average annual earnings of $57,612
  7. Jewelry designer – an average annual pay of $57,519
  8. Minersearn an annual pay of $48,110
  9. Goldsmith – an average annual pay of $45,846
  10. Precious metal workers earn an average annual pay of $41,267
  11. Quality control specialist – an Average annual wage of $41,184
  12. Jewelry specialist with an annual average pay of $37,060

Check out the range of salaries for each job to find out the requirements to be able to hold one of the most lucrative jobs in the field of precious metals across the US.

1. Precious Metals Broker

The annual average of price for a precious metals broker within the US is $124,116. the base pay is $84,149 annually. Additionally, there is an annual bonus of 39,967 dollars. This additional pay is comprised of commissions, bonuses tips, bonuses, and parting of profits.

Based on ZipRecruiter the top three states that have the highest precious metals broker salaries across the US are:

  • Washingtonhas an average annual salary of $168.902.
  • New York- an average annual salary of $159,879
  • Californiais home to an average annual salary of $152,861.

As a broker of precious metals, you’ll be required to:

  • Select the kind of precious metal you’d like to buy and then sell
  • Are you knowledgeable about the metals you deal in
  • Find out which forms your metal is bought and sold (coins or jewelry or antiques)
  • Know how each kind that trade can be priced purchased and then sold
  • Sell your precious metals via various platforms (online or through auctions, or in-store)
  • Prices for precious metals is determined by market fluctuations.
  • Corespond with the government as well as the rules for the precious metal market

If you’re determined to get the top position on our list of top paid jobs that pay in the field of precious metals you must apply for a permit required for the purchase of items that are made of or contain platinum, gold, silver or any some other valuable metals, jewels or.

2. Precious Metals Consultant

The annual salary for a precious metals consultant is $81,489 while the annual base pay is $67,293 and an additional annual salary of $14,196.

The precious metals expert has many duties:

  • Estimate country-by-country and sector-by-sector demand for precious metals and supply statistics
  • Work together with internal experts who are responsible for other countries in order to guarantee that the data series are joined up
  • Participate in conference presentations or reports. Consult with clients making charts and tables
  • Attend meetings or other functions related to the industry of precious metals.
  • Maintain and build relations with prospective, current and significant clients of the market for precious metals

Experience in the market for precious metals or commodity analysis is necessary in order to be a precious metals consultant . You will also be able to have one of the most lucrative jobs in the field of precious metals. Expertise in Excel and database knowledge is important. In addition to the fact that you have to be a skilled communicator, employers generally require a solid academic credentials, including having a BSc and equivalent MSc in addition to other advanced qualifications.

3. Precious Metals Sales Agent

The average salary for a precious metals sales representative ranges between $60,403 and $90,605, with a an average salary of $75,504, as per Similar. The annual average pay for the job of an agent selling precious metals in the field of precious metals across the US is $75,504. The top 67% of the precious selling agents in the field earn around $90,605, whereas they earn an average of $75,504.

Being a sales agent isn’t easy. There are many requirements to be fulfilled when you are in the role as an agent selling precious metals for example:

  • Sales experience (jewelry experiences are a huge plus) as well as customer service
  • The ability to create a connection with customers
  • Excellent communication abilities (written as well as verbal)
  • Confidence and ease of selling over the phone
  • An approach that is focused on the customer to ensure a memorable customer experience
  • Positive attitude, solid integrity and integrity with a solid morals and work ethic
  • Computer skills
  • A strong organizational skill with the capability to work quickly in a hectic environment (buying and selling, and selling coins, jewelry and silver, gold, watches etc.)
  • Management skills are required to boost the portfolio and accounts of the company.
  • A wealth of easily accessible information regarding the products that you are selling

If you satisfy these criteria All you need be doing is to make the best use of your skills and talents to show yourself as the most effective salesperson in one of the highest pay jobs in the field of precious metals.

4. Metalworking Specialist

The average annual Metalworking specialist’s salary at the time of this writing, August 13, 2022 across the US is $73,339. That’s a lot.

$35.26 for an hour. $1,410 per week which is equivalent to $6,111 per month. The highest income for metalworking specialists in accordance with ZipRecruiter is $112,500 while the lowest salary is $24,500. The majority of the salaries for specialists in metalworking range between $56,500 (25 percent) and $86,500 (75 percent) and the highest-earning specialists (90 percent) receiving a salary of $99,500.

You need to be aware of your responsibilities and obligations If you want to secure one of the most lucrative jobs in the field of precious metals by becoming a specialist in metalworking:

  • Analyze the composition chemical of products
  • Choose the most effective method and melt process temperature.
  • Create decorative objects
  • Form, design, and reshape jewelry
  • Make yourself an artist and trader

Metalworking professionals who work with precious metals do not possess a specific education background. What they do have is knowledge, experience and the abilities to become a part of the industry of precious metals.

5. Jewelry Store Manager

As of July 26, 2022, the average annual salary of a jewelry store manager in the US found on Salary is$57,951, while the salary range is from$48,398to$73,630. The salary of a jewelry store manager varies dependent on education, certificates and other skills as well as experience in the job of a jewellery store owner.

As a manager of a jewelry store you’ll be the manager of a store that is offering a wide range of gems and metals. So, you must:

  • Assist in protection of security, and make sure that there is safety for employees clients, employees, and the inventory of the store.
  • Be knowledgeable of the products available
  • Fulfill your managerial duties
  • Manage payroll process, close transactions and manage deposits

If you get one of the highest-paying jobs in precious metals and are the manager of a jewelry store you’ll have the unique chance to present customers with various necklaces, rings, bracelets and other accessories which are made of precious metals and jewelry. For a job in the role of a store manager, you need at minimum at least a high school diploma as well as practical knowledge. Certain employees require an associate’s level degree, and others also.

6. Gemologist

If you’re looking for the Gemologist salary, we’ve got the details you require. The median annual salary for gemologists is $57,612, whereas the average salary is between $48,783 and $65,950.

It’s important to be aware of what is expected of you when you take on the job you’ve chosen particularly when it’s one of the highest-paying jobs in the field of precious metals. As a gemologist, you’ll:

  • Find and work with gems and precious stones.
  • Research specific stones and gems by using microscopes, as well as other gemstone testing equipment that is designed specifically for this purpose.
  • Assess the value of the piece and its the authenticity
  • Cut the jewelry to fit certain molds and castings
  • Make use of chemical methods to establish the chemical composition of the jewellery
  • Estimate the price of jewelry.
  • Include the gemstone’s identification number in the information system.

The first thing to consider is that when you’ve made the decision to pursue a career in gemology, you should have great coordination, as well as the skills required to use microscopes as well as other equipment for testing that are used to test jewelry. The majority of employees require a qualified chemist to become the gemologist, and they require a certification for gemology. Many gemologists are learning their trade through jewelry store employees, and therefore certain employers require an undergraduate degree in the field of gemology or a similar one.

7. Jewelry Designer

The annual average pay for a jewelry designer according to Payscale is $57,519. The amount of money is different when we factor in experience into the equation. Thus, the pay of a jeweler with:

  • A little less than one year of experience including bonuses, tips and overtime pay of $36,312 (based on five salary figures)
  • Four years of work experience equals $42,263 (based on 47 salary)
  • 5-9 years of experience costs the equivalent of $67,290 (based on 44 salary)
  • 10-19 years of work experience equals $167,671 (based on 40 wages)
  • 20 years of experience or the equivalent of a higher salary for employees who are late-career, which is $59,155.

If you are competent and lucky enough to land one of the highest-paying positions in the field of precious metals you should be ready to:

  • Design Jewelry
  • Collaborate with customers to realize their ideas
  • Create jewelry designs that will satisfy the company or the customer.
  • Create and submit complete Technical drawings for the item
  • Sketch design concepts to help carry out the vision of the team
  • Use 3D design applications that allow 3D design, such as Photoshop and Rhino
  • Find seasonal trends in the market and color stories , and incorporate them into new designs

It’s a very artistic career! This is why some employers require an art degree to be able to fill the job as jewelry design. Also, you should prepare your portfolio for presentation to showcase your work and convince your employer that you’re the best candidate to be hired.

8. Miners

Miners earn an hourly rate of $23.13 and an annual salary of $48,110 , calculated using an hourly salary calculator. If we add the work experience to our calculations and we’ll get the following figures:

  • The average hourly wage for mining workers with less than a year of work experience will be $18.55 (including bonuses, tips and overtime, calculated based on 14 salary figures)
  • The average hourly pay for mining workers with 1 to 4 years experience will be $20.48 (based from 29 salary)
  • The hourly pay of mining workers with 5 to 9 years experience will be $27.55 (based upon 29 salary)
  • The average hourly pay for an experienced mining professional with between 10 and 19 many years working experience IS $28.88 (based upon 22 pay scales)
  • The average hourly wage for miner who has 20 years experience or greater is $28.

One of the highest-paying jobs in the field of precious metals can also be dangerous. You must be able to

  • Use heavy machinery and equipment to excavat, extract and transportation of precious metals
  • Or blast rock to make deep underground tunnels
  • Take the soil out and cut through the soil within an open-cut mining (using bulldozers and drills and explosives)
  • It is essential to ensure that the mine poses no danger to employees by placing support lighting, cables and pumps as well as air vents wherever it is safe

Being aware of the risk mining workers wear protective gear. If you’re not convinced you’d like to be mining worker, you’ll have to undergo training on extractive industries. This includes surface and underground extraction and mining. It is possible to increase your odds of being a mining worker by offering the necessary qualifications for surface extraction or in a related field.

9. Goldsmith

In Salary you can find out the amount a goldsmith earns. Within the US the salary of a goldsmith ranges between $37,548 and $56,635. The average is $45,846 as on July 26 2022. Like all salaries, they depend on a variety of factors, including the level of education, experience or qualifications, as well as the skills and talents.

If you’re aware of the amount of money you earn, look up the tasks of a goldsmith:

  • Design and create gold jewelry
  • Cut to fill, bend, bend or form gold, and other metals of the world.
  • Engrave jewelry and secure stones
  • Repair or replace jewelry
  • Sell your jewelry at a profit to the customers (sometimes)
  • Make use of special tools for handling precious metals

It is recommended to complete an apprenticeship as a jeweler for one of the most lucrative jobs in the field of precious metals. A typical apprenticeship can take up to approximately 48 months to be completed. An additional benefit is the ability to earn a degree in visual arts, design or any related subject.

10. Precious Stone Metal Worker

The median hourly wage of a Precious Stone Metal workeris$19.84 which means that the median annual salary of a metalworker in the US is $41,267. The amount of money earned varies depending on work experience

  • The average hourly pay for an experienced precious stone worker 1 to 4 years of experience plus bonuses, tips and overtime pay will be $16.60 (based of 25 salary)
  • A typical hourly pay for an experienced precious stone metal worker with 5 to 9 years’ experience would be $18.75 (based of 14 salary figures)
  • A typical hourly pay for an experienced precious stone metal worker with a minimum of 10-19 years working experience would be $20.08 (based upon 21 wages)
  • A typical hourly pay for an expert in precious stone metal work that has had 20+ years’ experience or more is $24.

If you’d like to get involved in the creation and selling of jewelry then the role of the precious metal worker would be the perfect fit for you. As an expert in precious stone metal work you’ll be working on:

  • Each step in the making or sale
  • The process of jewelry repair
  • The process of inspection and estimation (using various optical instruments)
  • The design and manufacture of jewelry

There is no formal degree to be qualified for one of the highest-paying jobs in the field of precious metals. The trade is learned by working and learning. A lot of precious metals workers acquire this trade at an institution for trade.

11. Quality Control Specialist

The average annual salary for Quality Control Specialists as per Payscale’s estimates is $40,184. The amount differs for entry-level, mid-career, skilled and late-career quality-control specialist. Examples:

  • A typical hourly wage for an expert in quality control with less than a year of experience, including bonuses, tips and overtime compensation will be $17.97 (based from 34 salary figures)
  • A typical hourly pay for an experienced quality control expert with 1 to 4 years experience will be $19.39 (based from 312 salary figures)
  • A typical hourly pay for an experienced quality control expert with 5-9 years experience can be as high as $20.63 (based on the 176 salary figures)
  • A typical hourly pay for an experienced quality control expert with a minimum of 10-19 years expertise is $21.10 (based from 127 salary)
  • The average hourly wage for an expert in quality control having 20 years’ experience or greater than $24

If being a quality control expert is something you’d like to be, you’ll need the following duties:

  • Monitor quality control and troubleshooting related to quality
  • Conduct tests related to quality to be certain that the products meet legal and company standards.
  • Give quality control-related feedback to supervisors and employees.
  • Monitor outputs Materials, conductors, and outputs deviations that are controlled
  • Maintain accurate quality records to be used for future information
  • Support the testing and inspection process

To be considered for one of the highest paying jobs in the field of precious metals, it is essential to possess excellent communication skills and excellent analytical skills as well as a bachelor’s degree in an area related to it. To increase your chances of being hired, you’ll require certifications in quality control.

12. Jewelry Specialist

The pay of a jewelry expert in the US is between $21,640 and $67,210. The average annual wage is $37,060. The top 20 percent of jewelry experts earn $67,210 , while the middle 60 percent earn an average of $37,060.

Jewelry professionals must master various skills in order to succeed at their jobs. If you are looking to pursue to become jewelry specialists, it is essential to have interpersonal, research practical, imaginative and sales abilities. If you wish to be one of the most lucrative jobs in the field of precious metals, prepare yourself to:

  • Sell and present jewelry
  • Display jewelry items and process payments
  • Create recommendations and put up displays that will increase sales.

In addition to having the necessary qualifications and skills The majority of employees require the graduation certificate from a high school or GED. It’s also advantageous to hold an education in marketing, business or jewelry design, but it’s not required.

Conclusion

As you can see , a job in the field of precious metals is the best option. If you’re someone who enjoys an engaging, imaginative and flexible job where you don’t have to repeat the same thing The precious metals industry is the perfect fit for you.

If you’re creative and an eye for design, you’ll be ideal for the job of jeweler or goldsmith. However, if you’re making sales, designing appealing advertisements and attracting customers, the sales department in the industry of precious metals is for you. It’s not even the start there are many more lucrative jobs are available in the field of precious metals If you choose to go there as your next career path.

Enjoy your time and earn money by picking one of the most lucrative positions in the field of precious metals!

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