Is Precious Metals a good career path? Well, the answer is yes! If you enjoy the variety of tasks at work and don’t want to do the same thing repeatedly, it’s the right job for you. Based on your abilities, the precious metals market has a wide range of jobs that are well-suited to you.
If you’re creative and love paying attention to minor details, such as jewelry designer, goldsmith, or even a general metals worker might be the ideal job for you. If you love the excitement of selling something or prefer to think outside the box when it comes to advertising selling and marketing, then sales and advertising could be an excellent choice.
If you’re fascinated by this market but aren’t necessarily in the customer-facing aspect, working in the manufacturing line, materials manufacturing, or production could be the right job for you.
Whatever your skill set, If you find the industry of precious metals appealing, you will likely locate a career that is suitable for your skills.
Top 10 Best Paying Jobs in Precious Metals
A career in precious metals could be lucrative and rewarding, depending on your chosen job. Being involved in these types of metals is a specific field that can pay decently. Here are a few of the highest-paying jobs in this area:
1. Precious Metals Broker
A precious metals broker is a person who, as an intermediary for the industry, buys and sells actual metals to individuals or institutions and provides customers with trading options such as spot trading or futures, options, and swaps.
They can invest in other materials such as diamonds, sapphires, emeralds, rubies, and many more. Most metals brokers have prior work experience at an institution for metal banking or trading on the market for commodities.
The primary responsibilities of a broker are dealing with clients and on behalf of investors, governing risks, knowing the law of commodities, and raising awareness. It’s crucial to keep in mind that precious metal brokers will be licensed in the country or state where they operate.
2. Precious Metals Worker
An all-purpose precious metals employee is engaged in manufacturing silver, gold, and various other metals. This field of work is highly diverse and could be a career path where people develop the ability to design and create items like aircraft, card vessels, ships, and tools.
There are many opportunities in this field, including a teaching position at an engineering college or becoming an entrepreneur or materials scientist. It is also possible to find precious metal specialists employed in green energy technologies using their expertise in precious metals to develop more eco-friendly products.
If you’re considering becoming a precious metals worker, it is essential to ensure that you’re able to demonstrate high levels of control and mastery. Most jobs involve melting molten metal and jigging it using various solvents and resins, adjusting ovens, applying the solder, and much more.
Goldsmiths are skilled craftsmen that create and repair jewelry and other things made of precious metals. They could also be the creators of things like spoons, buckles, other art pieces, etc.
Goldsmiths use chisels and hammers to make intricate, artisanal designs on objects made of metal, such as jewelry, helmets, or badges. While tools such as hammers and chisels may seem basic, goldsmithing is a highly skilled profession that requires intense concentration on detail, hefty talent, and a sense of particulars.
4. Precious Metals Sales Agent
Based on your abilities depending on your skills, becoming a salesperson could be a lucrative profession. Most sales representatives in these roles require at least some collectible, coin, and precious metals knowledge to share with potential employers.
Their main task is managing and growing their company’s portfolios and accounts through buying, trading, selling, or buying various high-value metals and coins. Nowadays, most sales agent tasks are completed via phone and usually include a commission percentage and an assured base wage.
In this kind of job, you must be confident with the telephone and assertive and confident. The sales representatives of precious metals need to be able to discuss the final amount of money they are selling and possess extensive and easy-to-access information about the items they are selling.
5. Precious Metals Marketing Expert
Like sales representatives for precious metals, Marketing experts in precious metals should be familiar with precious metals or coins and understand the fundamental techniques for marketing and communication.
Most often, these people will serve as product ambassadors to increase awareness and understanding to aid in maintaining or improving sales funnels to reach the business’s financial goals.
Marketers could be accountable for maintaining information about products and the company’s website and selling tools to help sales. They might also be responsible for developing ads, email campaigns, social campaigns, etc.
6. Goldsmith Apprentice
Apprenticeships in goldsmithing are available for people who wish for full-time work as goldsmiths. Most people who want to gain an internship work with master smiths from the local area and other organizations.
Apprenticeships offer one-on-one training in a work environment to allow individuals to master the craft personally and better understand the work and the way the process works in general.
One of the more sought-after goldsmith apprenticeship programs in The United Kingdom is The Goldsmith Company.
Apprenticeships are offered in the local area through local organizations or individual goldsmiths. Generally, an apprenticeship program takes 3 to 5 years before you can become a full-time goldsmith.
7. Junior Precious Metals Sales Associate
Most junior sales associates in precious metals don’t need previous sales experience to get an opportunity. This kind of job can allow you to learn as you go so long as you’re committed, motivated, and able to coach.
Most job descriptions require employees to follow a script written by the organization’s executive or sales and marketing specialists. Sales associates in junior positions generally earn a small commission, usually split with their higher-ranking managers.
A sales associate lets you learn about the job through experiences, increase your knowledge of your customers’ needs, and acquire specific knowledge of precious metals. These abilities make you stand out when applying for more senior sales positions.
8. Material Operator
Materials managers with precious metals usually work in the company’s production section. They are responsible for planning, monitoring, and coordinating all the materials to fulfill the department’s requirements in the manufacturing schedule.
They may be required to keep production records, log processes, collect data, and monitor and record essential process indicators on specific equipment used in manufacturing lines.
Material managers must arrange their materials and ensure they are adequately sealed and weighed before shipping. They could be accountable for enforcing safety regulations and rules and keeping the health of equipment in compliance with federal and local laws.
Being a material worker opens new possibilities in manufacturing and production, explicitly concerning precious metals.
A material worker will learn the basics of quality control, production, sales organization, and shipping. These abilities will distinguish you from the other applicants when searching for a higher-level position in manufacturing and production.
9. Maintenance Technician
There are several levels for maintenance technicians; however, for an entry-level job, they typically start at one level. Once you’ve gained knowledge and skills as an initial maintenance tech, you’ll be able to begin applying for jobs at a higher level.
They are usually needed to examine for, diagnose and repair malfunctioning production equipment or systems and troubleshoot them, following guidelines to check the quality of materials and perform general maintenance on the plant.
There could also be an element of the task that requires an organized system for tracking work order orders, invoice parts or track failures, and general cleaning and housekeeping.
10. Precious Metals Marketing Associate
As an associate marketing specialist for precious metals, you’ll learn every day. When you are a Marketing Associate, your primary responsibility is to support the leader in marketing with a range of tasks, such as helping create sales materials, including call scripts, scripts for calls, and promotional materials.
Depending on your field of work, you may be required to keep calendars and profiles on social media along with any other marketing-related digital responsibilities such as emails, ads, and event attendance.
For smaller firms, marketing associates could be accountable for branding, public awareness, and promotion in their region. Being the marketing associate for precious metals can provide opportunities for higher-level marketing positions.
Final Thoughts! Is Precious Metals a good career path?
Dear metal workers can take on numerous possible tasks. These workers might be required to create jewelry, modify rings, or repair damaged pieces and delicate objects like cutlery, jewelry, or tea sets.
They could also be required to clean delicate objects and create new items or even serve as security to shield precious metals from theft. Then, why should you pursue work in the field of precious metals?
- There’s always something to do. As we previously mentioned, careers in precious metals offer a variety of choices. From production and engineering to marketing and sales, You’ll be able to discover a job that matches your talents and objectives.
- You’ll get to meet a broad assortment of individuals. Working with precious metals can attract a variety of people. In certain positions, you’ll interact directly with clients and have face-to-face interactions with many people.
- You’ll acquire specific knowledge. Precious metals are highly skilled career fields. It means you’ll be able to find jobs much more quickly in this field. And when you acquire more excellent knowledge, you’ll be a better team member.
- You’ll feel satisfied. Precious metals are expensive, and they are frequently the funds that people place the money they save for retirement. It is why this is an essential job that people appreciate, as it allows you to be more content once your work is completed.
- You can customize your job to suit your specific needs. Because this career field is so broad, finding the job that best suits your preferences is easy. If you’re a customer-facing fan, it is possible to get a job that permits you to engage with customers.
- If you prefer to work in the shadows, look for a position in production or manufacturing that doesn’t require face-to-face interactions with coworkers.