There are various career opportunities available in the current market, and here are the Best 15 Highest Paying Jobs in Commerce for building a successful career being a commerce student.  The top 15 of the highest paying jobs in commerce are listed in this article. The income generated from the respective job plays one of the most important roles in boosting your job satisfaction. This is why you should always look for jobs providing you with a well-balanced mixture of job satisfaction and income. Most of the opportunities provided by the commerce fields, have a good combination of both the above-discussed factors. These jobs ensure that you are balanced both mentally and financially. If chosen wisely, the commerce students in India can have jobs providing high income and job security. There are various opportunities available in the current market for a successful career as a commerce student. This blog on the top highest paying jobs in commerce has a consolidated list of jobs that helps you to understand better about the commerce career.

1. Product Manager – ₹15,00,000/year

Product Manager is one of the top highest-paying jobs in commerce. They work closely with the engineering, marketing, and sales teams to ensure that our products meet the needs of our customers.

Responsibilities:

• Develop and manage the product roadmap
• Understand customer needs and requirements
• Work with the engineering team to develop products that meet customer needs
• Manage product launches
• Analyze product performance and make recommendations for improvements
• Monitor competitor products and trends

Product Manager Skills Required:

• Analytical skills.
• Research skills
• Technical expertise
• Communication skills.
• Management skills

2. Actuary – ₹10,07,463/year

Every profession has some risks related to it, and it is very important to analyze these risks to maintain the smooth functioning of the system. An actuary is responsible for analyzing the risks related to financial matters. Following are the risks are taken care of by an actuary:

• Property loss
• Disability of financial plans

They have exceptional mathematical skills and are well trained in risk management, which helps them to roughly predict the future outcomes related to the financial matters of the companies or the clients, ensuring smooth execution of the plans.

Actuary Skills Required:

• Math Skills
• Analytical Problem Solving Skills
• Computer Skills
• Business Skills
• Communication Skills

3. Investment Banker – ₹966,410/year

One of the main responsibilities that you learn being a commerce student is the ability to deal with finances. Hence, commerce students are capable of developing a plan aimed to handle the money or savings in the best possible way for any company or an individual. Major companies and firms hire investment bankers to provide them with useful suggestions and recommendations, enabling the respective employer to use their money effectively and attain their desired financial goal without facing any issues or problems. It is also considered one of the highest paying jobs and considered respectable as a CA.

Investment bankers usually perform Roles such as capital market advisors for corporations and government organizations. One of the main responsibilities expected from an experienced investment banker is to raise a significant amount of funds or capital in the clients’ current capital market and serve as an advisor for other important finance-related matters. They also play a very important role in deciding the prices for the various financial services by helping the companies and organizations to analyze all the factors related to the respective service.

Financial plans for most companies, including long-term and short-term, are developed and organized by investment bankers.

Investment Banker Skills Required:

• Financial skills
• Analytical skills
• Communication
• Interpersonal skills
• Leadership skills

4. Chartered Accountant – ₹804,181/year

One of the most known professions among commerce students in India is the Chartered Accountancy professional course. After successfully passing the various tests conducted by the Institute of Chartered Accountants of India ICAI, the statutory body that designates a person as a chartered accountant and gaining experience through various internships, you can have a successful career as a CA or Chartered Accountant. Being a Chartered Accountant is considered one of the most respectable jobs that one can have as a commerce student in India. Multinational Companies, large Scale companies, small-scale companies, cottage industries, and start-ups all are in constant demand of well-experienced Chartered Accountants.  Why? Because they can handle various important financial documents of the companies, also ensure a constant stable flow of money and look after taxes.

Building a successful career as a Chartered Accountant is a dream for many commerce students in India, as it is one of the highest paying and most secure jobs in India for students studying commerce as their main subject. As a fresher, an individual can expect a salary ranging between Rs. 7 to Rs. 8 lakhs per annum.

The value of the respective starting payment increases positively as a CA gains experience over time. But there is always a cost to pay for every good thing. The CA exams conducted by the Institute of Chartered Accountants of India are considered one of the toughest. They require your heart, blood, sweat, tears, and soul to crack them because many students drop the idea of becoming a Chartered Accountant. There are many attempts available for cracking the exam, but it is said that the lower the number of attempts, the better the chance to get paid handsomely.

Chartered Accountant Skills Required:

• Analytical skills
• Problem-solving skills
• Excellent mathematical skills
• IT skills
• Organizational skills

5. Budget analyst – ₹800,000/year

A budget analyst is a professional who helps organizations and individuals understand how their money is being spent and where it could be better spent. A budget analyst may work in the private sector, for a government agency, or for a non-profit organization. Most budget analysts have at least a bachelor’s degree in business, economics, or public administration. Many also have master’s degrees. In addition, budget analysts typically have several years of experience working in budgeting or a related field.

Budget analyst Skills Required:

• Analytical skills
• Math skills
• Communication skills
• Detail oriented
• Finance skills

6. Certified Public Accountant – ₹695,152/year

The American Institute of Certified Public Accountants, or AICPA, conducts Chartered Public Accountancy. There is a global influence of Chartered Public Accountancy. The qualification required to build a successful career in Chartered Public Accountancy, you should have a bachelor’s degree in Business Administration or Finance or Accountancy, you should complete 150-160 hours of relevant studies, and you should clear the four-part exam.

Certified Public Accountant Salary: ₹695152 (Source: Payscale)

Certified Public Accountant Skills Required:

• Excel Skills
• SQL Skills
• Analytical Skills
• Finance Skills
• Time Management

7. Human Resource Manager – ₹693,223/year

A human resource manager is someone who is responsible for the recruitment, management, and development of an organization’s employees. The roles and responsibilities of a human resource manager can vary depending on the size and type of organization. Generally, human resource managers are responsible for recruiting, screening, interviewing, and hiring employees. They also handle employee benefits, payroll, and training. Human resource managers may also be responsible for employee discipline and termination in some organizations.

Human Resource Manager Skills Required:

• Effective communication skills
• Conflict resolution skills
• Organizational skills
• Problem-solving skills
• Management Skills

8. Chartered Financial Analyst – ₹688,033/year

Chartered Financial Analyst is one of the most respectable positions for any individual with initial experience in an investment management. Having a career as a Chartered Financial Accountant can ensure you one of the highest-paying packages. Listed below are the main responsibilities performed by a Chartered Financial Accountant:

• Wealth management
• Equity
• Fixed income analysis
• Credit analysis

Suppose you want to pursue a career as a CFA. In that case, you have first to clear the exams, which require you to devote your time studying topics including economics, accounting, money management, security analysis, and ethics. The minimum qualifications required for the examination are that you should have a bachelor’s degree and a minimum of four years of work experience in the relevant fields. Also, CAs are preferred as there are advantages available for them.

Chartered Financial Analyst Skills Required:

• Excel Modeling Skills
• Decision Making Skills
• Analytical Skills
• Communication Skills
• Computer Skills

9. Marketing Manager – ₹680,428/year

A marketing manager is responsible for planning, executing, and evaluating marketing campaigns for the company. They work closely with the sales team to ensure that campaigns are targeted correctly and achieve the desired results. Other duties include managing budgets, conducting market research, creating marketing materials, and managing social media accounts. An ideal candidate should have relevant work experience in marketing, project management, and budgeting. They should be able to work independently and think creatively to solve problems. Excellent communication and writing skills are essential, as is the ability to work well under pressure.

Marketing Manager Skills Required:

• Business management skills,
• Creative thinking skills
• Problem-solving skills
• Communication skills
• Teamwork skills

10. Retail Manager – ₹614,451/year

Retail Managers assist in managing the supermarkets according to the guidelines defined by the respective business. Retail stores are under these managers, and it is their responsibility to operate these stores successfully. Having a degree in Retail management will certainly boost your career as a retail manager.

Mentioned below are a few of the responsibilities performed by Retail Managers on day-to-day aspects:

• Supervising and managing the retail store or outlet, including sales, staff, and inventory.
• Resource management

Suppose you are good at persuading the customer to buy your products and services and are aware of the marketing philosophy about the respective brand. In that case, you can easily manage to get a salary between Rs. 5 to 6 lakhs per annum.

Retail Manager Skills Required:

• Multitasking Skills
• Time management skills
• Decision-making skills
• Leadership skills
• Organizational skills

11. Company Secretary – ₹596,830/year

Various statutory and regulatory requirements are supposed to be followed by the company. A Company Secretary ensures that these requirements are fulfilled and makes sure that the organization’s management faces no problems. Company Secretary (CS) is one of the most important and respected positions and demands a high level of intellect from the respective individual. They act as the moderator between the board and the stakeholder. Listed below are a few of the day-to-day responsibilities performed by a Company Secretary:

• Making Tax reports
• Making reports of annual earning
• Making secure reports of account information.

It is one of the most prestigious jobs one can get being in a commerce field.

The Institute of Company Secretaries of India (ICSI) provides complete training for commerce students who want to make a successful career as CS. Company Secretaries are paid handsomely, around Rs. 4-6 lakhs per annum.

Company Secretary Skills Required:

• Multitasking skills
• Planning skills
• Organisational Skills
• Effective communication skills
• Interpersonal Skills

12. Cost Accountant – ₹590,468/year

The Cost Accountant has two main responsibilities: analyzing the profits and preparing the budget, making it one of the most important and respected jobs in the commerce field. They are financial experts, specifically managing costs, making budgets, and evaluating the company’s assets. Manufacturing firms are the regular employer of Cost Accountants.

Cost Accountant Skills Required:

• Organizational skills
• Communication skills
• Problem-solving skills
• Research Skills
• Excel Skills

13. Professional Accountant – ₹567,282 /year

Professional Accountants’ responsibilities include assisting in accounting, taxation and initiating compliance, and developing reports. They should have hands-on experience with software used in accounting, such as SAP, Tally, and advanced Excel. They develop, organize and maintain records of financial matters and perform time-specified audits of the financial statements for their clients.

Professional Accountant Skills Required:

• Proficiency in Accounting Software and Practices
• Analytical Skills
• Critical Thinking Skills
• Accounting Organizational Skills
• Time Management Skills

14. Research Analyst – ₹394,584/year

A Research Analyst’s responsibility involves collecting and analyzing data to support the organization’s research initiatives. The position requires excellent analytical and communication skills and a strong understanding of research methodology. The Research Analyst will work closely with the research team to design and implement research studies and will be responsible for ensuring that data is collected and analyzed accurately. The research analyst position involves administrative duties, such as maintaining research databases and preparing reports.

Research Analyst Skills Required:

• Analytical skills.
• Organizational skills.
• Logical reasoning ability.
• Communication skills.
• Presentation skills.

15. Personal Financial Advisor – ₹305,209/year

Financial advice is very important when making a decision involving capital or money. Personal Finance Advisor help their clients with such decisions. They ensure a safety plan protects clients and their assets are invested in the right opportunities. Few of the tasks performed by a well experienced personal finance advisor are as follows:

• Developing financial objectives
• Securing the retirement savings
• Making sure pensions are utilized properly
• Taking care of all sorts of insurance
• Handling debts.

If you want to become a respectable personal financial advisor, you have to have a degree in finance at least. Financial advisors are mostly paid around Rs. 4 lakhs per year.

Personal Financial Advisor Skills Required:

• Communication skills,
• Interpersonal skills.
• Client Relationship skills
• Research skills
• Negotiation skills

Salary Source: Payscale

Best 15 Highest Paying Jobs in Commerce is listed above and get a one to one career counselling done in order to understand which course is right for you. Also get to know about best professional courses after class 12. 

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