Top 15 High Paying Jobs In Commerce Stream (2024)

Last Updated on August 29, 2024

The diverse world of Commerce and Business is evolving rapidly, with new job opportunities entering the market and worldwide employment rates rising. Some of the most high-paying jobs in commerce stream are that of a Chartered Accountant, Research Analyst, Investment Banker- the list goes on! The best way to make it happen is to earn one of the market’s highest-paying jobs. Aside from job satisfaction, commerce and business provide both professional and financial stability as well.  If you’re worried about the prospects of a business profession and whether it will lead to success and prosperity, then let this enlightening blog post guide you. Team Admissify has compiled a list of the most profitable jobs for commerce students, eligibility, as well as future prospects. 

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Top 15 Highest Paying Jobs In Commerce Stream

1. Chartered Accountants (CA)

• A Chartered Accountant (CA) is not only a glamorous profession, but also one of the most lucrative in the business world. CAs in their early careers can earn yearly salaries ranging from INR 7 lakhs to INR 8 lakhs. However, as their expertise and successes grow, their pay grows considerably. Chartered accountants are critical in ensuring that a company’s financial records and accounts are correctly maintained and computed.
• To become a Chartered Accountant, ambitious professionals must follow a structured process overseen by the Institute of Chartered Accountants of India (ICAI). This distinguished title is awarded after a series of examinations and internships.
• Typically, the process of becoming a fully qualified chartered accountant (CA) takes three to seven years, with three main components: the CA Foundation, the Integrated Professional Competence Course (IPCC), and the CA Final.
• Candidates must intern with a CA firm or serve as an apprentice under a licensed professional accountant for two to three years after passing the IPCC level. This real-world experience is an essential component of becoming qualified. Upon fulfilling all requirements and passing the CA Final exam, applicants can access lucrative job prospects and a fulfilling career. 
• CA is one of the hardest courses in the world, with many students not passing every level. You therefore need certain abilities and skills in order to perform exceptionally well in this course. The following abilities and information are necessary to become a CA:

1. Thorough understanding of Accounts and Statistics.
2. Superior critical thinking skills.
3. Accuracy and meticulous attention to detail.
4. Experience from internships or auditing.
5. Preparing presentations and keeping accounts balanced.

2. Manager of Marketing

• A marketing manager’s position is among the most sought-after and pays among the top for commerce students. They are supposed to oversee a company’s product marketing division. They manage budget, plan, and market businesses.
• Public relations and advertising are tools used by marketing managers to increase sales and the company’s market presence. A career in marketing management offers a multitude of lucrative and exciting options due to the variety of marketing specializations available.
• As the foundation of marketing in the future, aspirant candidates should master skills like 

3. Financial expert

• The annual national average wage is ₹9,48,641.
• A variety of financial phenomena, including equities, bonds, inflation, currency rates, spending, and more, are studied by economists. These financial specialists research a range of market operations, but their main duty is to analyze financial and socioeconomic data to support an organization’s crucial business decisions. They use
• statistical methods and mathematical models to analyze data. They also offer firms advice on how effective their goods and services are.

4. Product oversight

Product development and launch success is the primary goal of product management, a dynamic career track that begins after 12. Furthermore, product managers are experts in identifying the demands of the market, outlining the product vision, and working with cross-functional teams to develop and implement creative solutions. They research markets, evaluate competitors, rank features, and direct the creation of new products all the way through to launch.

Essential Competencies for Successful Product Management Candidates:

• Product Planning
• Data Analysis Proficiency
• Technical Knowledge
• User-Centered Approach

• A Product Manager in India typically earns approximately INR 16.9 LPA, making it one of the highest-paying positions in the commerce field for qualified people.  

5. Analyst in Financial Analysis (CFA)

• Although it may not be as well-known in the business world, a Chartered Financial Analyst (CFA) has a lot of unrealized potential. CFAs are experts in investment management, possessing the ability to precisely analyze and forecast financial markets.
• A CFA must be proficient in a number of financial areas, such as fixed-income analysis, credit analysis, wealth management, and equity management. There are three levels to the CFA certification, and they cover topics including accounting, economics, money management, security analysis, and ethics. This course is a great option for anyone interested in economics because it includes a lot of economics.  
• The following are some of the abilities and know-how needed to succeed as a Chartered Financial Analyst (CFA):

• analytical, statistical, and intellectual prowess.
• Chartered Financial Analysts need to be highly proficient in direct communication in order to provide reports that are easy to read, visually appealing, and educational.
• good ability to make decisions.
• competent in using a variety of analytic technologies. 

• The average compensation of a CFA charter holder in India is INR 6-10 lakhs per annum for level 2 employees. The pay rises exponentially with increasing labor proficiency and has almost no top bound.

6. Financial Advisor

• Among the highest-paying commerce careers in the US and around the world is investment banking. A person who works closely with financial institutions to raise financing for a business is known as an investment banker. They provide these businesses and organizations with financial advice on how to set short- and long-term goals and create financial plans.
• Investment bankers are mostly involved in sales and acquisitions. They contribute to income generation for its investors. They work toward becoming fund managers for large corporations. 

The following abilities and know-how are necessary to succeed as an investment banker:

• strong analytical and thinking skills
• able to deal with people’s different personalities.
• strong project management abilities.
• The ability to manage is crucial.
• Effective communication abilities 

7. Actuarial Sciences

• Using statistical and mathematical techniques, an actuarial scientist investigates and evaluates financial risks in the insurance, banking, and other financial industries. Actuarial sciences combined with Honors in Economics at the graduation level are thought to be some of the best and highest-paying positions in the commerce stream.
• Actuarial science broadens employment opportunities in commerce by combining a high degree of statistics with knowledge of finance and economics to enable professionals to offer a wide range of services, including risk management.
• Essential Competencies for a Successful Actuarial Professional:
• Analytical Proficiency
• Computer Proficiency
• Skills for Solving Problems
• Technical Expertise Mathematical Excellence
• Knowledge of the Business and Financial Sectors; Interpersonal and Communication Skills 

8. Research Analyst

• Students who have a strong interest in operations, economics, finance, and equities analysis, etc., can work towards becoming a research analyst.
• A bachelor’s degree in a suitable subject of study—such as marketing, finance, or economics—is a must for starting this professional path. Still, after a few years of real-world work experience, it can be a wise decision to pursue an MBA in order to further improve your credentials and employment opportunities. Gaining advanced knowledge and analytical abilities from this higher education prepares you for more complex employment in research and analysis across a range of industries and opens up a wider range of prospects. 

9. Manager of Human Resources

Human resource managers oversee employee benefit plans, employment incentives, and the recruitment, interviewing, and hiring of new employees. Because more and more people are interested in working in the business and management sector, there is a lot of opportunity in this subject.

The necessary skill set for an HR Manager must include:

1. Strong communication skills
2. Outstanding interpersonal and leadership abilities
3. Ability to Solve Problems
4. abilities to create and carry out a variety of tasks.

10. Business Ownership or entrepreneurship 

• In essence, successful entrepreneurs are multifaceted people who can counter challenges and tasks with efficiency. Entrepreneurs can start their journey by starting their own firm or by bringing fresh concepts to the market. In order to succeed as an entrepreneur, one needs to be innovative, have exceptional problem-solving skills, and think about taking some of the best business management courses.
• The fact that entrepreneurship does not require a certain degree or course of study is one of its amazing features. People with a variety of educational backgrounds can become entrepreneurs. The most successful businesspeople are those who successfully fill gaps in the market. There are neither set wages nor permanent earnings in the world of entrepreneurship. Rather, as an entrepreneur, your income is directly correlated with the profitability of your business. 

11. Online Advertising or digital marketing 

• One of the most rapidly developing sectors in today’s world is digital marketing, which is the promotion of goods or services by maintaining a virtual presence. 
• To reach the target audience and encourage desired activities, it uses a variety of tactics, including content production, social media marketing, and search engine optimization (SEO).

Key competencies for success as a digital marketer include:

• Knowledge of Marketing Principles
• Optimizing for Search Engines (SEO)
• Analysis and Interpretation of Data for Social Media Marketing
• Skills in Analysis and Problem-Solving
• With experience, the typical income in digital marketing can rise to approximately INR 3.0 LPA.   

12. Company Secretary 

• A company secretary ensures that the business is operating in accordance with legal and regulatory regulations, which is one of their key responsibilities. One of the key positions in a business or organization is that of corporate secretary (CS). They serve as a mediator between the board and the interested parties. 
• Making legal filings, such as tax returns, account information, and yearly earnings reports, is the responsibility of the company secretary. In India, a popular career in commerce is computer science.
• After 12th grade commerce, CS is definitely a very promising course with a great income. Aspirants interested in pursuing CS can receive comprehensive instruction from the Institute of Company Secretaries of India (ICSI). A company secretary’s annual remuneration should be in the range of Rs. 4-6 lakhs.
• In addition, to become a member, one must complete three years of practical training under a CS. Getting experience as an article offers practical exposure to drafting agreements, shareholder services, and corporate legal compliance. 
• Commerce students can pass the CS exam stages and training to obtain the prestigious CS designation if they have great organizational abilities, meticulous attention to detail, and a thorough understanding of business.
• Knowledge of Tax Laws
• Proficiency in Communication
• Skills in Organization
• Focus on Detail Analytical Reasoning
• Expert Advice
• Compliance Management: Integrity and Ethics 

13. Accountant in Public Certification (CPA)

• The American Institute of Certified Public Accountants (AICPA) is responsible for overseeing the Certified Public Accountant (CPA) designation. The candidates in this course stand out from those applying for other commerce stream positions as experts dedicated to defending the rights of the general public.
• The experts can be in charge of both internal and external audits and offer significant attestations to reassure investors about the organization’s safety and sound financial standing. They also use their priceless knowledge and guidance on financial planning and taxes
• Essential Competencies for Successful Chartered Public Accounting:
• self-assurance in the professional’s work
• an attitude of analysis
• the capacity to manipulate numbers
• Knowledge of the financial industry
• Adapting to changes in the surroundings

14. Advisor for Personal Finances

• Financial professionals known as personal financial advisors help their clients reach their long- and short-term financial goals. Their advice covers a wide range of financial topics, such as retirement planning, insurance, taxes, and real estate investments. Proficient personal financial advisors have a deep comprehension of the investment markets and an aptitude for selecting the ideal stocks, bonds, or funds based on the distinct financial objectives of every customer.
• A personal financial advisor’s work is fundamentally specialized, and each client has different obligations. Like a personal shopper, these advisors have to create investment plans that suit each client’s unique interests and financial goals.  
• Within the finance industry, this job offers a dynamic and rewarding career path, with an average yearly pay of INR 4 lakhs. Through the provision of sage financial advice and customized investment plans, personal financial advisors play a critical role in determining the financial future of their clients. 

15. Taxes and Business Accountants

• Professional business accountants only work in the finance and tax departments. They must be proficient in Excel and reporting, in addition to having solid knowledge of both direct and indirect taxes. These professionals are employed in the fields of reporting, taxation, MIS, compliance, and accounting. 
• Additionally, they are familiar with advanced accounting programs and software, such as Advance Excel, SAP, Quickbooks, and Tally. The Diploma in Taxation, Tally course, and BAT course are the most sought-after programs to pursue this lucrative career in commerce.
• Demonstrated proficiency in the field of
• tax consulting, tax analysis, or tax preparation.
• knowledge of accounting and finance techniques.
• knowledge of accounting software programs.
• familiarity with computers, especially with MS Excel
• exceptional proficiency with time management and analytics.
• strong mathematical ability

Does Commerce Have A Future? 

Commerce is the best field in commerce since it involves a wide range of professional domains such as accounting, finance, management, marketing, and human resources, all of which are considered high-paying courses after 12th grade. Students with the appropriate specialized undergraduate and postgraduate degrees in these fields can pursue rich careers in top corporations, global banks, financial institutions, and consulting firms, among other places. Students can gain valuable business administration skills through programs such as BCom, BBA, CA, CFA, and MBA. These are no less than the greatest courses after 12th commerce with good salaries.

As we become a part of an increasingly globalised economy, commerce and trade operations will rise, producing high demand for qualified accountants, financial analysts, investment bankers, HR managers, marketing strategists, and other commercial experts, giving jobs to commerce students. Commerce education’s practical, analytical approach prepares pupils to flourish in competitive corporate contexts and pursue high-paying courses after completing secondary school.

The Advantages of Commerce Education

• Choosing Commerce as your subject matter opens up a wide range of job prospects like finance, accounting, marketing, human resources, taxation, banking, etc. TAs you can see, the list is filled with important domains that require efficient and skilled workers. 
• In addition, commerce education teaches students how to start and operate a profitable firm. It prepares people for business by encouraging innovative and strategic thinking. Commerce courses beyond 12th grade with high salaries educate students on how to properly manage finances and assets, helping them to make sound financial decisions. This program incorporates accounting, taxation, and prudent investing practices, establishing the foundation for a lucrative life.
• A business education also imparts practical skills such as financial accounting, taxation, effective communication, and corporate planning. These skills will be essential for success in one’s future job.
• Leadership, teamwork, critical thinking, and problem-solving abilities are among the fundamental skills taught in business school. Working hard towards gaining prestigious certifications like CA, CMA, or CS provides candidates with a much-needed edge over other like-minded people. 
• The journey through commerce school equips students with the required skills and knowledge, making them qualified for a variety of job options. Furthermore, it lays the framework for future studies, such as obtaining a Master of Commerce or MBA, which can lead to even more lucrative job options. 

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Conclusion

Now we know that commerce has some of the most high-paid and rewarding occupations, even in a competitive job market. Unlike in the past, the commerce sector of today offers an array of diverse job roles that truly capture the essence of maintaining a profitable business model. There is a continuing need for more specialists in the sphere of commerce because it is growing. Speciality courses improve one’s employability and earning potential because employers are looking for specialists to fill certain roles. Improve your abilities to increase your chances of obtaining well-paying jobs as a commerce student.

FAQs 

After commerce, which field is the best?

Following class 12 commerce, some of the most sought-after and highly regarded courses are the Bachelor of Economics, the Bachelor of Business Administration, the Bachelor of Management Science, and the Bachelor of Company Secretaryship, among others.

Which careers in business are the most desirable for students to pursue?

Numerous chances become available to students studying commerce. A few of the main areas of study for students majoring in commerce include economics, management, actuarial science, chartered accounting, etc.  

Which positions are open in the commerce stream?

1. Certified Public Accountant

2. Accredited in Finance

3. Manager of Human Resources

4. Manager of Sales

5. Analyst of Research

Is the field of investment banking significant in our nation?

An essential component of the financial sector is investment banking. It’s among the industries that require the most labor in the nation. Investment bankers oversee the financial transactions, including public trading, that are part of the commerce business. They are also the experts who guarantee that businesses may accomplish their aims and objectives in the most effective way feasible. Being one of the fundamental fields, this one is also one of the most in-demand. 

Which coursework in the field of commerce is the most challenging?

We may deduce from the analysis of multiple surveys that the most challenging course to take would be Economics Honors combined with Actuarial Science. To claim that any schoolwork is simple or complex, however, would be inaccurate. Anybody can succeed in any curriculum if they are committed to their goals and study methodically.

Tanishka Goel

Tanishka Goel is a content writer who is extremely passionate about academics and desires to help students around the world make the perfect choice for their careers and has obtained substantial expertise in the realm of content writing by working in various organizations.