6 jobs that can earn you a 6-figure salary in the $4 trillion auto industry - Business Insider

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6 jobs that can earn you a 6-figure salary in the $4 trillion auto industry

It generates trillions in annual revenue and keeps millions employed.

"F&I" is auto-industry shorthand for "finance and insurance." If you've ever bought or leased a vehicle from an auto dealer, you've most likely interacted with an F&I professional.

Dealers make money from selling cars, but they make their real profits acting as loan brokers, insurance brokers, and by selling things like extended warranties to customers. That's why the F&I manager is well compensated —A "tape" drawing of the Lamborghini Urus.The range is what one might expect here: designers at the beginning of their careers make less than six figures, but the pay is still good, in the mid-fives.

Most car designers have graduated from a transportation-design program, such as the one at California's Art Center College of Design, whose alumni include Tesla's Franz von Holzhausen, Acura's Michelle Christensen, and the controversial Chris Bangle, formerly of BMW.Matthew DeBord/Business Insider Keep at it and satisfy the boss' demands and you could become the boss yourself. Then you become a manager and might be assigned an entire vehicle to launch. At a company such as Ford, high-pressure engineering roles involve new Mustangs and pickup trucks.

 

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