Top 10 Highest Paid Jobs in India in Commerce Field [A Complete Report]
In India, we follow a rigid form of the education system dividing it into Science, Commerce and Humanities fields also. While most of these fields indirectly complement each other, we are conditioned to believe that only students in the Science field get the most opportunities and lead comfortable lives and still some people believe commerce–jobs don’t give you financial security, which is not true. Commerce stream jobs can provide financial security when you take the right path.
If you take up commerce, which is essentially a field which deals with accountancy, money, monetary source, investments, etc, you can have a wonderful ‘comfortable’ career as well likewise. Several of the highest paying jobs in India for commerce students have helped people from the commerce field lead a luxurious and comfortable life for themselves also.
The top two things that determine a good job for an individual are job satisfaction and salary also. Both of them are related in unique ways. Job satisfaction refers to working conditions like hours, colleague interaction also. It is also about whether your skills or talents are being employed in the right direction for the company or not.
Along with the working conditions and skill utilization, job satisfaction is heavily dependent on the salary. If the pay is good, then you are more willing to provide an extra bit of work whole-heartedly as you believe that your skills are being valued properly.
Hence, the combination of both salary and job satisfaction ensures a comfortable life. Likewise commerce jobs have the benefits of both. For Instance there are several highest paying jobs in India for commerce students where one can be satisfied mentally and financially. Clicks to read if you are specifically looking for careers after b.com.
Top Highest Paying Jobs for Commerce Students in India
1. Chartered Accountant
If you are someone from the Commerce field, you are most likely to know about the Chartered Accountancy professional course also. The Institute of Chartered Accountants of India or ICAI is a statutory body which designates a person as a chartered accountant after they have gone through a series of examinations and internship also. It is one of the most popular commerce stream jobs for instance. As a CA, they can handle the important accounts of a company and ensure that the finances are properly recorded and calculated also.
Taking the role of a Chartered Accountancy is one of the highest paying jobs in India for commerce students and it is a dream of most commerce students to become a CA. As a starting salary, one can expect to get also around Rs. 6 to Rs. 7 lakhs per annum as a CA. It is one of the highest salary jobs for commerce students also.
This value increases when a CA gains more experience. However, the CA exams are said to be one of the toughest and so, many students stay away from it. While preparation requires immense hard work, this commerce job does pay off at the end and the fewer the attempts, the better the pay.
2. Investment Banker
As mentioned earlier, students of commerce studies and deal with finances. Hence, they are deemed as individuals who can present the best take on how any company or common person can handle their money or savings. The role of an investment banker is to provide financial advice and recommendations to different companies and firms so that they can optimally make use of their money and reach their financial goals. It is one of the highest salary jobs for commerce students.
Investment bankers usually work in financial institutions in a capital market advisory role to corporations and government bodies. Being of the popular commerce stream jobs, the main responsibility is to raise capital for clients in capital markets and offer a host of other financial advisory services. They assist companies and organizations in important and complex financial matters and also help decide the pricing of different financial instruments.
It is with the help of investment bankers that most companies develop their long-term and short-term financial plans. On the basis of the experience, an investment banker can get a salary of Rs. 26 lakhs per annum and one of the highest salary jobs for commerce students.
Also Read: Career Options For Commerce Students
3. Chartered Financial Analyst
Chartered Financial Analyst is one of the highest distinctions in the investment management discipline. CFA is one of the highest paying jobs in India for commerce students with an approximate salary of around Rs. 12 lakhs per annum. CFA is one of the globally recognized commerce jobs and a CFA engages in several roles – wealth management, equity, and fixed income analysis, credit analysis, etc.
To obtain the CFA designation, candidates must pass three levels of exams covering different fields of study, including such as economics, accounting, money management, security analysis, and ethics. Also, candidates must have a bachelor’s degree along with a minimum of four years of relevant work experience. If you are a CA, then you can have an advantage in the CFA examinations, since you will be offered several exemptions.
Chartered Financial Analysts can find work opportunities at banks, insurance companies, investment firms, financial securities firms, and even MNCs. Being one of the popular commerce stream jobs, the primary job of a Chartered Financial Analyst is to identify good investments for their company and also bad investments that their clients should avoid.
They gather data from multiple sources and analyze it to assess the returns and risks associated with different investment vehicles. CFA is one of the highest paying jobs in India for commerce students with an approximate salary of around Rs. 6-12 lakhs per annum and one of the highest salary jobs for commerce students.
4. Certified Public Accountant
CPA is similar to Chartered Accountancy, but it is conducted by the American Institute of Certified Public Accountants or AICPA. Hence, CPA has a global appeal. Aspirants who desire to earn the CPA designation must possess a bachelor’s degree in Business Administration/Finance/Accounting and complete 150 hours of education. All candidates must pass a four-part exam.
CPAs conduct financial statement audits and offer a wide range of attestation services to give a 360-degree view of the financial health of organizations. They offer advice to corporate bodies and families on taxes and financial planning. CPAs can bag different positions in public and corporate accounting hierarchy and climb all the way up to executive positions like the Chief Financial Officer (CFO).
A CPA handles taxation, auditing, reporting, and accounting processes of certain clients and corporations. It is one of the best commerce stream jobs which can give you financial security. You need to have a Business or Accounting degree to get enrolled for the CPA exam and then, you have to pass the exam. A CPA can get around Rs.7-9 lakhs per annum and one of the highest salary jobs for commerce students.
An actuary is a very respectable title for professionals. Actuaries are individuals who assess the risks involved in the insurance industry. The risks include property loss, disability or other probable that could impact the company. They are experts in risk management who use their mathematical skills to estimate the probability of future events and to predict their financial impact on their clients and businesses in general.
Actuary is one of the best commerce stream jobs and since it is mostly in the analytical field, a student of actuary should have a background in Economics, Business Administration, Finance, as well as have a background in Mathematics.
A career in Actuary is not only diverse, but it is also highly rewarding. While investment banks, insurance companies, and other financial institutions employ many full-time actuaries, Actuaries can also work independently and act as consultants for a variety of businesses/organizations. However, as an Actuary, your career will not be limited to merely financial institutions. Since all areas of business have potential risks, Actuaries can find job opportunities in non-financial domains like real estate, healthcare, etc.
An actuary can get a minimum salary of 10-14 lakhs per annum
6. Cost Accountant
Cost Accountant is one of the top commerce jobs in India. The two core goals of cost accounting are profitability analysis and budget preparation. Cost Accountants are financial specialists who help in making budgets, managing costs and assets of a company and evaluating the performance of a company. They are generally employed by manufacturing firms.
Cost Accountants determine the actual costs associated with manufacturing a product/service and delivering the same to the final customer. For this purpose, they scrutinizing all of the associated expenses within the supply chain and identify which products/services, processes, and departments are the most and least profitable.
Essentially, Cost Accountants are responsible for gathering, validating, analyzing, and communication data to facilitate financial transparency and optimize processes. They are part of an executive team and help in building the financial plan for the company and reports for stakeholders and tax authorities. The salary of a fresher in Cost Accountant is around Rs. 4 lakhs per annum.
7. Professional Accountants
Apart from Chartered Accountants, commerce students can take up the field of Professional Accountants. Professional Accountants help with the accounting, taxation and with compliance and reports. They should have a working knowledge of accounting software like SAP, Tally and advanced Excel. Professional Accountants have to create and maintain accurate financial records for businesses and individuals. They also perform audits and financial statement analysis.
Professional Accountants may either find employment in an accounting firm or they can establish their independent practice. Professional Accountant job is one among the well-paying commerce jobs in India. The salary is approximately set at Rs. 6-7 lakhs per annum.
8. Retail Manager
Retail Managers help in the management of supermarkets as per the terms of the business. Basically, a Retail Manager’s job is to run a retail outlet/store successfully. They may require a degree in Retail Management.
Retail Managers supervise and manage every aspect of the day-to-day functioning of retail outlets, including sales, staff, inventory, and resources management. Retail Managers must have an awareness of brand and marketing philosophy. They must use clever marketing strategies to persuade customers to purchase products from the store. They may get a salary of about Rs. 5 lakhs per annum.
9. Company Secretary
A Company Secretary plays an important role in the company by ensuring that the company is running as per the statutory and regulatory requirements. Company Secretary (CS) is one of the principal posts in a company or an organization. They act as the moderator between the stakeholders and the board. A Company Secretary is responsible for making legal filings like tax reports, account information as well as reports of annual earnings. CS is one of the preferred commerce jobs in India.
CS is undoubtedly a highly promising course after 12th commerce with high salary. The Institute of Company Secretaries of India (ICSI) offers complete training to aspirants who want to pursue CS. Company Secretaries can expect a hefty salary of Rs. 6-7 lakhs per annum.
10. Personal Financial Advisor
A personal Financial Advisor is a person who helps clients with their financial objectives, retirement savings, pensions, insurance, and management of debts. Financial advisors generally require a degree in Finance, Accounting, Business, Mathematics, Law, etc. They can get an expected salary of around Rs. 5 lakhs per year.
These were some of the highest paying jobs in India for commerce students. There are other diverse jobs that many commerce students can take up. With the right experience and skills, these jobs can also be turned into the highest paying jobs in India for commerce students. Some of them are:
- Financial Examiner
- Sales Manager
- Investment Analysts
- Management Analysts
- Budget Analyst
- Finance Manager
- Accounts and Finance Executive
- Business Consultant
- Risk and Insurance Manager
- Stock Broker
- Relationship Manager
- Corporate Banking Executive
- Credit Control Manager
- Corporate Controller
- Management Consultant
- Treasurer and Finance Officer