How Can I Make The Most Money In The Automotive Industry?

Can Mechanics make 6 figures?

The median wage for an auto mechanic in the US is quite low unless you have credentials, own the shop, or work as a heavy equipment mechanic.

The typical year is 2000 hours, so making 6 figures means earning $50 per hour, or about double the 90th percentile of mechanics wages..

Who is the richest mechanic?

Kelcy WarrenMechanic We know one billionaire, Kelcy Warren, who served as a welder for his dad’s company when he was just a teen.

Can Mechanics make 100k?

Sales jobs can bring in six figures depending on commission (the industry average for sales is $43,000 a year, according to the Dealers Association), and technicians or painters can earn between $70,000 and $100,000 a year at a busy location.

How do I get started in the automotive industry?

So no matter your skill set, here are some tips on how to start your career in this field.Focus on What You Want to Do. When it comes to this industry, there are so many directions your career can take. … Network and Do Your Research. … Use a Staffing Agency to Help You Realize Your Career Goals.

Why do auto mechanics make so little?

Most experienced mechanics get their work done faster than the flat rate because of their experience. A mechanic might bill 12 hours in an 8 hour work day, which can pay him very well. The “flat rate” is the amount the shop charges per hour on a job. A job has a time rating in what is called the Chilton’s Guide.

How many hours do mechanics work per day?

While almost half of automotive service technicians work a standard 40-hour week, over 30 percent work more than 40 hours a week.

What are the best jobs in the automotive industry?

Pursuing a career in the automotive industry can be a rewarding way to work hands-on with vehicles and technology….Here are 15 common careers in the automotive industry:Auto electrician.Tow truck driver.Car salesperson.Auto sales manager.Auto engineer.Process engineer.Auto designer.Quality testing engineer.More items…•

How much do Walmart mechanics make?

Average Walmart Automotive Mechanic yearly pay in the United States is approximately $59,984, which is 15% above the national average.

Is the automotive industry a good career?

#1: Good Career Outlook The good news for those entering the automotive industry, career outlook is promising, particularly for automotive service technicians and mechanics – the Bureau of Labor Statistics predicts six percent growth from 2016 to 2026.

Where do mechanics make the most money?

The 10 States With The Highest Mechanic Salaries For 2019Wyoming.Illinois.Nevada.North Dakota.Texas.Washington.Utah.Michigan.More items…•

What is the highest paying job in the automotive industry?

Career Information for the Highest-Paying Automotive JobsAutomotive Body and Glass Repairers. … Transportation Equipment Painters. … Industrial Designers. … Automotive Service Technicians and Mechanics. … Sales Managers. … Diesel Service Technicians and Mechanics.

What’s the most a mechanic can make?

Auto Mechanics made a median salary of $40,710 in 2018. The best-paid 25 percent made $54,720 that year, while the lowest-paid 25 percent made $30,220.

What should I study if I like cars?

If you’re a recent graduate looking for a line of work or an employee who’s worn down by the daily grind, turn your passion for cars into a career….Here are some of our career suggestions for people who love cars.Driver.Salesperson.Mechanic.Journalist.Restorer.Statistician.Accountant.Game Developer.

Is $40 an hour good?

A $40-per-hour job provides an annual income of around $83,200. Not bad at all. … Look at healthcare and IT jobs. You’ll likely need a degree and a good amount of training to get hired.

Is it worth being a mechanic?

Most people who become mechanics do it because they already know cars and perhaps have experience working on their own. … Becoming a mechanic can be well worth the effort if you stick with it, and you can make good money doing it, but if you don’t plan on doing it for a living, then just stick to your own car repairs.

What is the highest paying job in the world?

Get Matched!Anesthesiologist. #1 in Best Paying Jobs. … Surgeon. #2 in Best Paying Jobs. … Oral and Maxillofacial Surgeon. #3 in Best Paying Jobs. … Obstetrician and Gynecologist. #4 in Best Paying Jobs. … Orthodontist. #5 in Best Paying Jobs. … Psychiatrist. #6 in Best Paying Jobs. … Physician. #7 in Best Paying Jobs. … Prosthodontist.More items…

How much do supercar mechanics make?

Automotive technicians in the 90th percentile of earners made annual median salary of $62,280, according to the BLS. This is the tier where you may find many high performance mechanics. When the machines they work on are worth millions, the mechanics’ finely honed skills are often richly rewarded.