Highest Salary Jobs for Commerce Students

The field of commerce is gaining popularity, offering numerous opportunities for students. Every student aspires to study at a top university and secure a desired job. A lucrative profession in commerce can lead to a satisfying life with a high standard of living. Let's explore some jobs with the highest salary in the commerce field. Learn how you can get your dream job that also pays well enough to fulfil all your desires.

Top 15 Highest Salary Jobs for Commerce Students

A commerce degree opens the door to numerous well-paid job opportunities both within India and abroad. A satisfying job with a handsome salary is all you want after completing a degree. Let us introduce you to the top 15 highest-salary jobs for commerce students with their respective salary ranges.

1. Chartered Accountant (CA) - INR 6-7 lakhs per annum
2. Investment Banker - INR9-10 lakhs per annum
3. Marketing Manager
4. Human Resource Manager - INR 7-15 lakhs per annum
5. Chartered Financial Analyst (CFA) - INR 12 lakhs per annum
6. Certified Public Accountant (CPA) - INR 7-9 lakhs per annum
7. Actuary - INR 10-14 lakhs per annum
8. Cost Accountant - INR 4 lakhs per annum
9. Business Accountant and Taxation - INR 6-7 lakhs per annum
10. Retail Manager - INR 5-6 lakhs per annum
11. Company Secretary - INR 6-7 lakhs per annum
12. Personal Financial Advisor - INR 3-5 lakhs per annum
13. Research Analyst - INR 3-5 lakhs per annum
14. Entrepreneur - INR 110-120 lakhs
15. Chief Executive Officer - INR 24 lakhs per annum

Here is a list of highest highest-salary jobs for commerce students abroad along their salaries: 

Chartered Accountant (CA)

The profession of a Chartered Accountant includes involvement in taxation and business. Chartered Accountants deal with tax returns, financial accounting and reporting, auditing financial documents, maintaining records of investments, and preparing and evaluating financial reports.

The CA course consists of three levels which a student must complete with different CA subjects at every level to become a qualified chartered accountant. The average salary of a chartered accountant is around ₹ 6-7 lakhs per annum. 

Investment Banker

Investment Banking opens doors for jobs for commerce students in foreign countries. The average salary of an Investment Banker is around USD 101,378 (INR 83 lakh).

The skills required to become an investment banker include strong analytical abilities, good communication skills, strong knowledge and deeper understanding of financial markets, and excellent negotiation skills.

The courses students need to pursue to become an investment banker include a bachelor in Commerce, Bachelor of Business Administration in Finance, Bachelor of Arts in Economics, Bachelor of Finance/Accounting, and MBA in Finance. 

Chief Financial Officer (CFO)

Chief Financial Officers are expected to perform an analysis of return and risk and prepare financial models with data collected from various sources. Their duty is to look after the financial records of the organization. It is one of the highest salary jobs for commerce students, the average salary of a Chief Financial Officer is USD 139,558 (INR 114 lakh).

Marketing Manager

A marketing manager is expected to manage the marketing sector of a company. It is also one of the highest-paid jobs for commerce students. The salary of a marketing manager is usually around USD 67,724 (INR 55 lakh).

The courses needed to pursue to become a marketing manager include a bachelor's in business administration, a Bachelor's in Management Studies, Master's in Management, a Master's in marketing, etc. 

Human Resource Manager

The role of a Human Resource Manager is to interview, recruit, and hire new employees to benefit the company. The average salary of a Human Resource Manager is ₹ 7-15 lakhs per annum.

The courses to pursue to become a Human Resource Manager include Bachelor's in Human resource management, Diploma in Human resource management, MSC in Human resource management, MBA in Human resources management. 

Chartered Financial Analyst (CFA)

The role of a Chartered Financial Analyst is to analyze return and risk, prepare financial models, etc. It is one of the highest-paid jobs in the US. A CFA has to look after the accounts of a particular organization. The average salary of a CFA is USD 81,661 (INR 67 lakh). The courses students can take to become a Chartered Financial Analyst (CFA) include a bachelor's Degree in Finance and CFA exams.

Eligibility Criteria for Highest Salary Jobs for Commerce Students

For commerce students, picking a career path that provides both development potential and financial security is essential.

The eligibility criteria for each of the job roles are mentioned below:

Chartered Accountant (CA)

There are two options for students to enrol in the CA programme: the Foundation Path is for those who have finished their 10+2 coursework. Direct Entry is for those who have graduated or completed their post-graduation in the Commerce stream with an aggregate score of 60% for students in other streams and 55% for those who have completed their graduation.

The skills which are required are as follows :

• Analytical Skills
• Communication Skills
• Time Management Skills
• Leadership Skills
• Problem-Solving Skills
• Technical Skills
• Ethics and Integrity

If you want to work in investment banking, you need to have a bachelor's degree in finance, business, economics, or other related discipline. Graduates or final-year students can apply for internships as junior analysts at investment banks or brokerage businesses.

The skills which are required are as follows :

• Intellect
• Discipline
• Creativity
• Open-mindedness
• Relationship Building Skills.

A CFO has to have completed advanced business coursework, such as an MBA, in addition to earning a degree in accounting or finance. To recommend financial and organizational planning, a chief financial officer also has to have prior experience with data analysis.

The skills which are required are as follows :

• Strong decision-making, communication, leadership, and problem-solving abilities are required of CFOs.
• It's also essential to be proficient in risk management, strategic planning, financial analysis, and regulatory compliance.

A person can become a marketing manager by pursuing an MBA in marketing management or a similar discipline and sharpening their interpersonal, critical thinking, and creative abilities.

A broad range of abilities, such as problem-solving, creative thinking, and business management, are necessary for the position of marketing manager. Since their job is to inspire people, managers need to be strong communicators and leaders. That's especially crucial in an artistic setting.

To become an HR manager, you must receive at least 60% in your graduation degree or any comparable programme. In addition to other company duties, their responsibilities include hiring, training, career development, employee relations, and employee legislation.

The skills which are required are as follows :

• Communication skills
• Strategic thinking
• Leadership skills
• Interpersonal skills and empathy
• Organizational skills
• Command of HR technology
• Training and developmental skills

You must have a bachelor's degree or something similar. At the time of registration, you must be in your last year of a bachelor's programme. You must possess a minimum of four years' worth of appropriate professional job experience.

Strong quantitative skills, exceptional problem-solving ability, logical proficiency, and above-average communication skills are necessary for a successful career as a financial analyst. In addition to crunching numbers, financial analysts must present their conclusions to supervisors concisely and convincingly.

Skill Development for High Salary Jobs

Skill development is an important aspect when choosing high-salary jobs. Essential skills may vary from job to job, but some important skills include analytical thinking, leadership, problem-solving, effective communication, and a strong understanding of financial principles. Other than that, specialised skill sets such as financial modeling for investment bankers and knowledge of various taxes are important for accountants.

Takeaway

As discussed in this article, there are a lot of opportunities for commerce stream students to get the highest-paid jobs. The job roles include a tremendous level of responsibility and specialised skills.

With AECC you can get the best online courses for commerce streams related to your desired job, whether in India or outside. Our experienced trainers will help you understand the dynamics of the sectors via free consultation. So don't waste time and sign up today!