Have you ever thought about pursuing a career in the precious metals sector? You might be surprised to hear that this industry has a wide range of job opportunities.
We will delve a little more into the best-paying professions in precious metals, their career possibilities, and whether or not these kinds of occupations are ideal for you in this post.
The modern world still relies on precious metals even as they become more “online” and become more digital at a nearly dizzying pace.
Resources like gold, silver, palladium, platinum, rhodium, and lithium (to name a few) are also of utmost importance. See Best Summer Programs for High School Students
To be valuable to our contemporary society, each of these resources must be extracted from the ground and purified, which is where the top 15 highest paying positions in precious metals are needed.
Here is the list of Top 15 Best Paying Jobs in Precious Metals
- Precious Metals Worker
- Mining Engineers
- Precious Metals Consultants
- Precious Metals Brokers
- Precious Metals Analyst
- Jewelry Designer
- Jewelry and Coin Specialist
- Jewelry Repair
- Jewelry Appraisal
- Jewelry and Metals Sales
A gemologist has a different set of responsibilities compared to a genealogist, with gemologists (sometimes referred to as gem experts) working to identify stones, metals, and other resources that are mined from the earth.
The idea here is that these professionals better interpret the type of resources being pulled from the earth, their financial value (including after they’ve been processed and refined) and that they are in fact 100% authentic.
After all, the last thing a major precious metals mining operation needs to worry about is striking into big pockets of “fools gold” and investing a mountain of money into getting it out of the ground before discovering exactly how worthless it is in comparison to the real deal!
Precious Metals Worker
Precious metal workers fall under a pretty big umbrella in the industry, covering a whole range of jobs from those that physically handle the raw materials pulled out of mining operations to those that handle refined products – and that’s just the tip of the iceberg.
There are precious metal workers in the jewelry industry who handle rough metals and stones, working them into the building blocks that jewelers and jewelry designers will shape and mold further.
There are also precious metal workers in the metals industry, working with bullion and blanks that will be turned into coins and other materials later down the line.
Some precious metals workers are responsible for the security of these resources, the transportation of these resources, and the storage of these resources, too.
Mining engineers are on the hook for designing and developing mining facilities, figuring out the best way to get precious metals out of the earth, and want to do with all the material that is inevitably pulled up out of the ground alongside those resources.
It’s not uncommon or unusual for mining engineers to work side-by-side with geoscientists, geologists, metallurgical engineers, and other professionals in an effort to find the most valuable deposits of precious metals before a mine is constructed.
After all, even incredibly large and rich deposits of precious metals may not be worth pursuing underground if the mining operation required to pull those materials from the earth would cancel out all potential profit.
Precious Metals Analyst
Easily one of the fastest growing career opportunities in the precious metals industry, becoming a precious metals analyst practically guarantees a long and fruitful career in this industry – with plenty of advancement and pay bump potential, too.
The individuals in this career field are responsible for analyzing precious metal resources. We’re not just talking about analyzing the materials that are coming out of mining operations, though.
We’re also talking about analyzing the precious metals industry at large, the market for precious metals and materials, and even forecasting how the market is going to unfold months if not years down the line.
Precious Metals Consultants
One of the more interesting career fields in the precious metal industry, precious metal consultants are often hired on a relatively short-term basis – bouncing from one company to the next while offering their services.
This kind of contract work can encompass a whole range of different things, from assisting with mine plans and operations, improving efficiencies at a mining facility, boosting transportation efficiencies and security, and so much more.
Those who are always looking for something new to do while building their precious metal career will want to take a closer look at the consulting field.
The metallurgist career is growing by leaps and bounds, with projected growth sitting at about 20% over the next 10 years.
Responsible for better understanding the actual properties and potential applications for precious metals, careers in this field can specialize in a number of different ways.
Some people like to specialize in chemical metallurgy. Others like to focus on physical metallurgy. And others still zero in on process metallurgy.
At the end of the day, though, any company involved in precious metals will be employing departments of metallurgists that can be deployed companywide. This is a fantastic opportunity for those who are looking for great advancement options.
All of the Top 15 Highest Paying Jobs in Precious Metals have been covered. You can get in touch with us through the comment area if you want further details about this.
Last Updated on October 4, 2023 by Admin