In India, Commerce is the most sought-after stream right after science to pursue higher education. Students who are interested in devoting their time to learning the trade, markets, and business can pursue Commerce. This field of education opens the door for many possibilities and students can seek a higher income as well. For those who are finding a career not only for job satisfaction but also for money, Commerce is the right field for them. In Commerce, there is ‘n’ number of high paying jobs that helps the students to achieve their desired goal in life. This article covers some of the highest salary jobs for commerce students.
- Research Analyst
- Personal Financial Advisor
- Cost Accountant
- Retail Manager
- Chartered Accountant (CA)
- Marketing manager
- Business Accountant and Taxation
- Company secretary
- Investment Banker
- Human Resource Manager
- Chartered Financial Analyst (CFA)
- Chief Executive Officer (CEO)
- Certified Public Accountant (CPA)
Salary is one of the primary aspects that attract those who wish to pursue that career or field. The Commerce field has the highest salary jobs for Commerce students, so they do not need to worry at all. To provide you with an overview of the top 15 highest salary jobs for commerce students, below is the list of prestigious careers in the field with its salary range.
|Research Analyst||Rs. 3-5 Lakhs per annum|
|Personal Financial Advisor||Rs. 3-5 Lakhs per annum|
|Cost Accountant||Rs. 4 Lakhs per annum|
|Retail Manager||Rs. 5-6 Lakhs per annum|
|Chartered Accountant (CA)||Rs. 6-7 Lakhs per annum|
|Marketing Manager||Rs. 6-7 Lakhs per annum|
|Business Accountant and Taxation||Rs. 6-7 Lakhs per annum|
|Company Secretary||Rs. 6-7 Lakhs per annum|
|Investment Banker||Rs. 9-10 Lakhs per annum|
|Human Resource Manager||Rs. 7-15 Lakhs per annum|
|Chartered Financial Analyst||Rs. 12 Lakhs per annum|
|Actuary||Rs. 10-14 Lakhs per annum|
|Chief Executive Officer (CEO)||Rs. 24 Lakhs per annum|
|Certified Public Accountant (CPA)||Rs. 7-9 Lakhs per annum|
|Entrepreneurs||Rs. 110-120 Lakhs|
The salary data was sourced from PayScale: https://www.payscale.com/
Let’s dive into the details of the above mentioned highest salary jobs for commerce students:
A research analyst collects information about current market conditions, sales figures, and consumer behavior in addition to sentiment analysis. Then they forward the collected data to the company about their consumer base to increase their sales by stressing over the right investments for a boost. This role is among the highest salary jobs for commerce students in India. Along with the job scope, it also provides hefty income. They gain experience in consumer and sales research to provide financial advice to the company or organization.
- Analytical thinking
- Logical thinking
- Problem-solving sills
- Excellent approach towards tough situations
- Time- management skills
- Report presentation skills
As the name suggests, a personal financial advisor meets their clients personally to provide financial advice and appropriate aid for insurance planning and proper investments. They also provide knowledge regarding the stock market, mutual funds, and tax laws. They are trained specially and professionally to deal with the clients with varieties of the solution to maximize their financial position.
- Ability to convince the clients
- Professional code of conduct
- Excellent finance handling
- Should be able to conclude the research with proper analysis
One of the highest salary jobs for commerce students, a cost accountant is responsible to prepare a proper budget and overseeing the evaluation, cost, and asset management of the company. These professionals try to decrease the company’s expenses by discarding the financial waste. They are responsible to prepare financial reports for tax authorities, creditors, stockholders, and regulatory agencies. Being a cost accountant is one of the most recommended jobs with a high pay rate.
- A better understanding of the business
- Budget expert
- Paying attention to details
- Good communication skills
- Team oriented
Retail managers maintain and oversee the work of a store. This job profile is frequently listed among the highest salary jobs for commerce students. The main objective of a retail manager is to maintain and carry out the proper functioning of hypermarkets, and supermarkets under fixed business norms and conditions. The profession requires excellent customer service and proper soft skills. These skills are required for accurate customer service. They frequently contact with the consumers and look after the store staff and their necessities.
- Ability to talk with many people at the same time
- Problem-solving skills
- Analytical ability
- Proper branding capability
- Conflict solving between client and staff
A chartered accountant is one of the highest salary jobs for commerce students. Chartered accountants are always in demand. The work of a chartered accountant includes financial accounting and reporting, and auditing financial documents carefully. They receive professional training to be accounting and auditing specialists. Chartered Accountants are responsible for managing their client’s or employers’ accounts. They deliver taxation and financial advice to the higher authority for the company’s betterment.
- Excellent approach to statistics and accounting
- Advanced reasoning and problem-solving abilities
- They should have a proper perception to pay attention to minute details
- They should be aware of balancing accounts and making it presentable
The role of a Marketing Manager is to concentrate on managing the marketing domain of products or services in the company. Their key responsibilities include planning, estimating, organizing, and promoting business growth. They resort to advertising and public relations team to maximize sales and the company’s market presence. Students can choose from a variety of specializations in marketing to fit their specific interests. Marketing managers are yet one of the highest salary jobs for commerce students in India as they also get recognition from this role.
- Proper insights to build a strategy
- Exceptional advanced communication skills
- Study all the branches of the marketing sector and their trends
- Advanced report writing skills.
This work profile only focuses on the taxation and finance sectors. Business accountants possess advanced knowledge about taxation along with proper excel and reporting skills. The professionals work mainly in the accounts domain, compliance area, and reporting area. They also gain advanced knowledge of the high-end accounting software like Tally, SAP (Systems, applications, and products), Advance excel, and Quickbooks. One can either do a diploma course or a graduate degree to pursue this career in commerce.
- Advanced mathematics and statistical knowledge
- Knowledge of accounting software packages
- MS Excel
- Advanced methods for accounting and finance
A company secretary plays a very crucial role in managing the company’s relations between the stakeholders and the board. The professional is responsible for any kind of legal filings needed such as tax obligations, disclosures to the stakeholders, and maintaining the track record of annual and quarterly earnings and account information. They manage all legal formalities required for a smooth work process in the company. They serve as the chief consultants to the board of directors to increase financial results, manage multiple tasks and resolve conflict of interest issues.
- They need to be skilled in communication and work ethics
- Proper time management for multiple tasks
- Deep knowledge of rules and regulations
- Advanced in written correspondence
- Conflict resolution
An investment banker works with the company to increase its capital revenue. They are necessary to provide financial advice to the companies on how and where the money is best placed for maximum profits. This job profile is one of the highest salary jobs for commerce students around the globe. They play a vital role in acquisitions and sales development. They help to generate income for their investors and clients. Their professional advice comes in handy in tough situations where proper investments are needed.
- Advanced mathematical and statistical knowledge
- Proper speech delivery to convince the investor
- Strong sill in managing projects
- Advanced communication skills
Human resource managers are given the task to recruit, interview and hire new employees for the company. Strategic planning is used to manage the staff of an organization in a way that increases profits and meets the needs of the organization. The scope is higher in this field due to its demand in the business sector. It is one of the highest salary jobs for commerce students.
- Good communication skills
- English proficiency if required
- Leadership skills
- Interpersonal skills
- Management skills
The main responsibilities of a Chartered Financial Analyst (CFA) are to study deeply the capital markets around the world and drive conclusions for various possibilities to their clients. They also uphold the position of treasurers of a company to manage and lead the financial analysis. They also provide proper financial planning to the company to save money.
- Intellectual Ability
- Statistical and analytical skills
- Knowledge of Finance and budget-making
- The report presenting should be to the point
An actuary is a professional who analyses the risk actors related to investments or financial consequences during decision-making. An actuary saves the company’s economy from any kind of monetary risks by properly studying the market and its current trends. They extensively work in businesses where risk factors are high and need to be uniformly and constantly analyzed from time to time. They have a proper education in mathematics, statistics, and economics with intensive research to manage risks associated with the insurance industry.
- Good statistical knowledge
- Advanced Arithmetical knowledge
- Proper understanding of risks
- Problem-solving ability
They rank among the highest salary jobs for commerce students around the world in general. The chief executive officer is responsible for all aspects of regulating a company. They handle the marketing, and strategic policies and maintain the daily working of the organization. A CEO is a multitasking professional that every company relies on for important decision-making related to the success of the company.
- Knowledge of all domains of an organization
- Great leadership qualities
- Strong communication skills
- Advanced analytical skills
The Certified Public Accountant has in-depth experience in finance and corporate management. They handle the accounting, reporting, and analyzing process for organizations, clients, and governments as well. They become valuable assets in the monetary decision-making process. This role is one of the highest salary jobs for commerce students not only in India but around the world. The scope for CPA is very high.
- Perfect accounting and reporting procedures
- Knowledge to use advanced tools for accounting
- Knowledge of all the tax laws
- Good organizational skills
- Facts presentation and reporting
Last on our list is the Entrepreneur. It is the highest salary job for not only commerce students but for students around every domain. An entrepreneur is a professional who sets up his own company or start-up, manages the organization, and develops the business on their own. This profession is encouraged by everyone and the start-up culture has flourished successfully among the younger generation. Students are encouraged to start their own small business with innovation that helps them to set different from others in the same domain. Once the business kickstarts and flourishes, an entrepreneur easily manages to earn a turnover of crores annually. You can also visit the following link to gain key entrepreneurship development concepts required to become a successful entrepreneur:
- Good entrepreneurship skills
- Problem and decision-making skills
- Have a good knowledge of current trends and the necessity of society and market
Commerce offers the highest salary jobs for commerce students who are not only deserving but also hard and smart working. Commerce has a lot of scope in the Indian Market. With proper guidance and knowledge about the market, a commerce student can easily land the job of his or her dreams. A stable job position not only provides a lavish lifestyle but also gives satisfaction and contentment in life. The article covered the top 15 highest salary jobs for commerce students. The article will provide a proper insight to students in proper decision-making for their future careers and provide a boost in their learning journey.
Note: The salary details provided in the article might change with recurring time and were true at the time it was written