It is a dream of every student to attain a good salary package. The only way to make it a reality is by getting one of the top highest salary jobs in the market. Apart from job satisfaction, one of the most motivating factors for students seeking a job is the money involved. As a Commerce student, you would want to pursue a career field that is both personally and professionally rewarding, this would also include a high-paying job that allows you to lead a comfortable lifestyle. Here is a blog on some of the highest salary jobs for Commerce students.
This Blog Includes:
- Top 15 Highest Salary Jobs for Commerce Students
- 1. Chartered Accountant (CA)
- 2. Chief Executive Officer (CEO)
- 3. Marketing Manager
- 4. Investment Banker
- 5. Human Resource Manager
- 6. Entrepreneur
- 7. Chartered Financial Analyst (CFA)
- 8. Certified Public Accountant (CPA)
- 9. Actuary
- 10. Cost Accountant
- 11. Business Accountant and Taxation
- 12. Retail Manager
- 14. Company Secretary
- 15. Personal Financial Advisor
- 16. Research Analyst
- Top 15 Careers in Commerce
Top 15 Highest Salary Jobs for Commerce Students
Here is a list of top 15 highest salary jobs for commerce students that can help you land on a decent salary and give you the required experience, some of these job profiles are:
- Chartered Accountant (CA)
- Chief Executive Officer (CEO)
- Marketing Manager
- Investment Banker
- Human Resource Manager
- Chartered Financial Analyst (CFA)
- Certified Public Accountant (CPA)
- Cost Accountant
- Business Accountant and Taxation
- Retail Manager
- Company Secretary
- Personal Financial Advisor
- Research Analyst
1. Chartered Accountant (CA)
Chartered Accountant is a designation given to a person who takes up the profession of Accounting and is certified by a statutory body to work with the accounts of any firm or individual. CA is one of the highest paying jobs in the field of Commerce and one has to complete the CA Course which consists of 3 levels with different CA Subjects at each level.
Average Starting Salary: ₹6-7 Lakhs per annum
2. Chief Executive Officer (CEO)
CEOs are the top executives in any company or corporation, they look after the daily operations of any company or organization. CEOs are expected to handle the marketing, strategizing and other business aspects of an organization. A CEO is also expected to hire, terminate and meet the demands of the staff of any particular organization and is also responsible for public relations of that particular organization. To know about the courses you can choose from, check out our exclusive guide on how to become a CEO!
Average Salary: ₹24 Lakhs per annum
3. Marketing Manager
One of the most sought after jobs in the business sector and among the highest salary jobs for Commerce students, a Marketing Manager is expected to plan, estimate, organize and promote businesses. Marketing managers use advertising and public relations in order to maximize the sales and maximize the market presence of the firm that they are working for. A career in Marketing Management is filled with promising and lucrative opportunities as you can choose from varied specialisations in Marketing.
Average Salary: Starting Salary salary is around ₹6-7 lakhs per annum and can go up to ₹22 lakhs with experience.
4. Investment Banker
Investment Banker works as a financial advisor to major companies and firms. They give financial recommendations to these companies and organization on how to reach a financial goal and make long term and short term financial plans. Investment Banking Jobs can range up to ₹26 lakhs per annum depending on the experience.
Average Salary: ₹9-10 lakhs p.a. as starting salary and can up to ₹26 lakhs with experience
Recommended Read: MBA in Banking
5. Human Resource Manager
A Human Resource Manager offers strategic planning towards managing the employees of a firm in such a way that they work towards an increase in the profit of the company and meet the necessary demands of the firm. Human resource managers look after the employee benefit programs, employment incentive etc. There is a lot of scope in this field due to the increasing interest of people to work in the Business and Management sector. To become a Human Resource Manager, you can opt for specialised master’s degree programs like MBA in HR or Masters in Human Resource Management.
Average Salary: ₹6-7 lakhs per annum & ₹12-15 lakhs per annum with appropriate experience
An Entrepreneur is a person who launches, manages and develops a business on their own and assumes full responsibility for it. Entrepreneurship is something that has been encouraged by the current startup culture and in the present times, you can start a small-scale business from the simplest of innovative ideas but it must be unique and set you apart from others in the same arena. You can also raise funds from prominent investors thus you will not be completely investing all of your money but will have to live up to the expectations and present a great pitch for your dream business!
Average Salary: A successful entrepreneur can earn up to ₹110-120 lakhs depending on how successful their business is.
7. Chartered Financial Analyst (CFA)
If you are planning to earn the highest distinction in the investment management profession, then the CFA designation is for you to consider. It is one of the highest salary jobs for Commerce students especially amongst those with a degree in Finance or Banking. If you are a CA, planning to go for a CFA, you’ll be happy to know that it offers a range of advantage over other students – one being exemption from a certain level of CFA course.
Average Salary: ₹12 lakhs per annum
8. Certified Public Accountant (CPA)
CPAs primarily handle the accounting, reporting, taxing and auditing process for corporations, clients and the government. In order to become a CPA, which is one of the highest salary jobs for Commerce student, individuals need a bachelor’s degree in Accounting or Business Administration and also pass the CPA exam. The exam is administered by AICPA (American Institute of Certified Public Accountants).
Average Salary: ₹7-9 lakhs per annum
Actuaries combine extensive knowledge of Mathematics, Statistics, Economics with intensive research to assess the risks associated with the insurance industry. With a minimum academic question in Business Administration, Economics, Finance, etc. professionals can determine the likelihood of disability, property loss, illness and potential losses and its impact on companies. Check out our detailed blog to know about how you can establish a successful career in Actuarial Sciences!
Average Salary: ₹10-14 lakhs per annum
10. Cost Accountant
A Cost Accountant is solely responsible for budgeting, performance evaluation, cost and asset management with the company. Being a part of the executive team, these professionals are responsible for creating a financial plan for the organisation and financial reports for tax authorities, stockholders, creditors and regulatory agencies. To know about specialised programs to become a Cost Accountant, explore our blog on Accountant courses!
Average Salary: ₹4 lakhs per annum
11. Business Accountant and Taxation
Professional Accountants are experts in the areas of Accounts, MIS, Taxation, Compliance and Reporting. Besides, as a professional, you should have the knowledge of high-end accounting software and applications like Tally, Quickbooks, SAP and Advance Excel. The most popular programs you explore to pursue this high salary career in commerce include BAT course, Diploma in Taxation, Tally course, among others.
Average Salary: ₹6-7 lakhs
12. Retail Manager
Retail Manager takes up the task of managing and administrating hypermarkets and supermarkets in fixed business terms early nearly ₹5 lakhs per annum. With Retail Management Courses certification, professionals are fully aware of brands, retail philosophies and marketing strategies to win the customers.
Average Salary: ₹5-6 Lakhs per annum
Recommended Read: MBA in Retail Management
14. Company Secretary
The Duties of Company Secretary is similar to that of the Corporate Compliance Officer as CS ensures the efficient administration of an organisation, particularly with regard to assuring compliance with regulatory and statutory requirements. This key managerial person acts as a moderator between the board and stakeholders. Company Secretary is ultimately responsible for any legal filings of corporation such as tax obligations, disclosures to shareholders and annual or quarterly earnings and account information.
Average Salary: ₹6-7 lakhs per annum
Recommended Read: How to Become a Company Secretary
15. Personal Financial Advisor
As a Personal Financial Advisor, your role will be to provide clients with means of maximizing their financial objectives in investments, insurance coverages, pensions, retirement savings and managing debts. With a bachelor’s degree in Economics, Finance, Accounting, Business, Mathematics and Law, financial advisors can earn up to ₹5 lakhs per year.
Average Salary: ₹3-5 Lakhs per annum
16. Research Analyst
Research Analysts explore information about markets, consumer behaviour, sales and demand and further provide useful insights to the company regarding their consumer base as well as buying and selling products and services along with investing in the right places to boost revenue. Amongst the top highest paying jobs for commerce students. research analysts are generally needed across every industry from business, finance, investment to marketing, sales, fashion management, amongst others. They mainly have expertise in summarising chunks of consumer and sales research into understanding financial advice for the company.
Average Salary: ₹3-5 Lakhs per annum
Top 15 Careers in Commerce
Besides the above-mentioned profiles, there are various other several other highest salary jobs for Commerce students. However, these require years of education like BBA, BCom, MBA or MCom and on-the-job experience.
- Sales Manager
- Financial Examiner
- Management Analysts
- Investment Analysts
- Budget Analyst
- Finance Manager
- Stock Broker
- Relationship Manager
- Corporate Banking Executive
- Accounts and Finance Executive
- Credit Control Manager
- Corporate Controller
- Risk and Insurance Manager
Take a look at the following sections to know more about some of these high salary commerce careers and jobs:
1. Sales Manager
One of the high salary jobs for commerce students and top careers in commerce, a Sales Manager is tasked with strategizing, planning and organising the sales plans as well as maintaining a strong customer base and market presence. The sales manager also manages the sales representatives and carries out their recruitment, selection as well as training to equip them with the necessary knowledge to attract more and more customers and boosting the sales of company’s products.
Average Salary of Sales Manager: ₹4 Lakhs to 7 Lakhs p.a.
2. Financial Examiner
If you aspire to build a career in Finance, then this is one of the most lucrative careers in commerce. A Financial examiner generally works at Financial and Banking institutions and their responsibilities include ensuring that the financial institution is adhering to the government laws as well as assessing balance sheets, bank management as well as the risk level of loans.
Average Salary of Financial Examiner: ₹4 Lakhs to 5 Lakhs p.a.
3. Management Analyst
Also referred to as Management consultants, Management Analysts work across different departments in an organization and aim to boost the efficiency of work in the respective team. They collect and organize information and formulate plans and strategies to meet organizational goals and objectives. Management analysts are also one of the top commerce careers and high salary jobs that you can explore after a degree in Business Administration or Management such as BBA, MBA, BBS, etc. and explore opportunities across Human Resource Management, Marketing Management, Social Media Management and more!
Average Salary of Management Analyst: ₹4 Lakhs to 7 Lakhs p.a.
4. Investment Analyst
An investment analyst is another essential mention to our list of best careers in commerce as this job profile not only offers a high salary package but promising opportunities in the finance and investment sector as well. Investment analysts commonly work in securities, hedge funds and stock brokerages and carry out extensive research to formulate effective financial models and then provide analytical reports and suggestions on varied types of stocks and investments.
Average Salary of Investment Analyst: ₹5 Lakhs to 7 Lakhs p.a.
5. Budget Analyst
As the name suggests, a Budget Analyst closely monitors expenditures and budgets in an organisation and usually work in private or public organisations, helping them manage their finances and budgets in an efficient and effective manner. Another prominent career in commerce, a budget analyst in a private organisation mainly oversees the budgets and expenditure along with coming up with better strategies to boost revenues and profits. On the other hand, a budget analyst in public organisation focuses on budget allocation and finance management.
Average Salary of Budget Analyst: ₹6.5 Lakhs to 21 Lakhs p.a.
Some of the most popular courses after class 12th commerce that are highly valued are Bachelors in Economics, Bachelors of Business Administration, Bachelor of Management Science, Company Secretaryship amongst others.
Commerce opens up a host of opportunities for its students. Some of the major fields to pursue for commerce students are actuarial science, management, economics, chartered accountancy etc.
Maths is not a mandatory requirement for CA. Students wishing to pursue CA can do so without maths as it is not a compulsory eligibility requirement for CA courses.
Undoubtedly a commerce student can become a CEO with the right skills and experience. With the right amount of knowledge combined with the ability to use the technology, a commerce student can become a CEO in their professional career.
Both courses come with their own challenges and open up vastly different opportunities. While choosing between the two, it is imperative to be aware of one’s strengths and interests and pick the course one is most suited for.
Choosing a job that satisfies you and gives you a comfortable lifestyle is an important decision to make but coming to this decision can be tough. The experts at Leverage Edu can make this process easier for you, through psychometric tests and brainstorming sessions they can help you assess what career path – be it Finance, Marketing, Accounting or Analytics, would be ideal for you.