July 15, 2024
Reader’s Digest: Are you thinking of making a career in commerce and trying to locate the best paying job possible? Discover the highest-paying careers in commerce by continuing to read.
In India, commerce is a pivotal field alongside science and humanities. While interconnected, there's often a perception that certain educational backgrounds offer more opportunities. However, the highest paying jobs in commerce are determined by factors like salary and job satisfaction, impacting various aspects of one's life:
Some of the top profiles and their average annual salaries are listed in the table below:
Job | Salary |
Chartered Accountant (CA) | Rs. 6-7 lakhs per year |
Investment Banker | Rs. 9-10 lakhs per year |
Marketing Manager | Rs. 6-7 lakhs per year |
Chartered Financial Analyst (CFA) | Rs. 12 lakhs per year |
Human Resource Manager | Rs. 7-15 Lakhs per year |
Actuary | Rs. 10-14 lakhs per year |
Certified Public Accountant (CPA) | Rs. 7-9 lakhs per year |
Business Accountant and Taxation | Rs. 6-7 lakhs per year |
Cost Accountant | Rs. 4 lakhs per year |
Personal Financial Advisor | Rs. 3-5 Lakhs per year |
Chief Executive Officer (CEO) | Rs. 24 Lakhs per year |
Entrepreneur | Rs. 110-120 Lakhs per year |
Company Secretary | Rs. 6-7 lakhs per year |
Retail Manager | Rs. 5-6 lakhs per year |
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For commerce students without a math background, lucrative career options abound. Specializations like Chartered Accountancy, Digital Marketing, Business Research, and Entrepreneurship offer high salaries without requiring mathematical expertise.
Job | Salary |
Chartered Accountant (CA) | ₹6-7 Lakhs per annum |
Digital Marketing Manager | ₹5-8 Lakhs per annum |
Certified Public Accountant (CPA) | ₹7-9 lakhs per annum |
Human Resource Manager | ₹7-15 Lakhs per annum |
Product Manager | ₹16-17 Lakhs per annum |
Certified Management Accountant (CMA) | ₹7-8 Lakhs per annum |
Company Secretary (CS) | ₹6-7 lakhs per annum |
Event Manager | ₹4-5 lakhs per annum |
Hotel Manager | ₹4 lakhs per annum |
Retail Manager | ₹5-6 Lakhs per annum |
Check Out: Career Options After 10th Without Math
The Chartered Accountancy course from the Institute of Chartered Accountants of India (ICAI) is a prestigious and high-paying career option in commerce. Completing the course and internships leads to the coveted Chartered Accountant (CA) designation.
How to become a CA:
Average Salary of a CA: Starting Salary: ₹6-7 Lakhs per annum
Read More: Career Options After 10th in Commerce
An investment banker is someone who works closely with financial institutions and can provide their customers with the best advice on how to manage their money. As an investment banker, you will be responsible for recommending and providing financial advice to different companies and individuals.
How to become an Investment Banker:
Courses Needed to Pursue to Become an Investment Banker | Average Salary of an Investment Banker |
Bachelor's in Commerce, Bachelor’s of Arts (BA) in Economics, Bachelor’s of Business Administration (BBA) in Finance, Bachelor's in Finance/Accountancy, MBA in Finance, MBA in Digital Finance & Banking, Course of Chartered Financial Analyst, Course of Chartered Accountant | ₹9-10 lakhs p.a. as starting salary and can add up to ₹26 lakhs with experience |
This job description describes a marketing manager job that involves handling the marketing of products for a company. Marketing managers use advertising and public relations to maximize sales and maximize the market presence of the firm that they are working for.
They work with stakeholders to plan and execute marketing campaigns, boosting brand visibility and sales through various media platforms. Marketing professionals have ample career opportunities.
Courses Needed to Pursue to Become a Marketing Manager | Average Salary of a Marketing Manager |
Bachelor's in Business Administration, Bachelor's in Management Studies, MSc in Management, Master's in Marketing, Master's in Digital Marketing | Starting salary is around ₹6-7 lakhs per annum and can go up to ₹22 lakhs with experience. |
It is expected of chartered financial analysts to build financial models, gather data, and analyze returns and risks.
Candidates must complete multiple exam tiers under CFA courses covering a variety of subject areas to become CFAs. In addition, they need to have four years or more of relevant job experience in addition to a bachelor's degree.
How to Become a CFA:
Courses Needed to Pursue to Become a Chartered Financial Analyst | Average Salary of a Chartered Financial Analyst |
Bachelor's degree in Finance, CFA exams | ₹12 lakhs per annum |
Explore More: Highest Paying Career in Finance
Human resource managers handle recruitment, interviews, and hiring, as well as employee benefits and incentives. The field is expanding due to rising interest in Business and Management careers.
How to Become a Human Resource Manager:
Courses Needed to Pursue to Become a Human Resource Manager | Average Salary of a Human Resource Manager |
Bachelor's in Human Resource Management, Diploma in Human Resource Management, MSc in Human Resource Management, MBA in Human Resource Management | ₹6-7 lakhs per annum, ₹12-15 lakhs per annum with appropriate experience |
Read More: 15 Super Careers You Should go for after 12th
Actuaries are professionals who meticulously analyze and assess financial risks in the insurance industry, drawing on expertise in Mathematics, Statistics, and Economics.
They play a vital role in preparing companies to manage potential liabilities through strategic risk management.
How to Become an Actuary:
Courses Needed to Pursue to Become Actuary | Average Salary of an Actuary |
Bachelor's of Science in Maths/Statistics, Bachelor’s of Science in Actuarial Science (AS), Master‘s of Science in AS, MSc in Financial Mathematics, The Actuarial Common Admission Test (ACET) | ₹10-14 lakhs per annum |
For businesses, clients, and the government, a certified public accountant typically manages accounting, reporting, taxes, and auditing procedures.
They offer insightful and important advice about making the right financial choices when the stakes are high.
The AICPA administers the CPA exam, requiring expertise in accounting, finance, and taxation.
How to Become a CPA:
Courses Needed to Pursue to Become Chartered Public Accountant | Average Salary of a CPA |
Bachelor's in Commerce, BSc in Finance, CPA Exams | ₹7-9 lakhs per annum |
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 reporting, taxation, MIS, compliance, and accounting.
The Diploma in Taxation, Tally course, and BAT course are the most sought-after programs to pursue this lucrative career in commerce.
Courses Needed to Pursue to Become a Business and Taxation Accountant | Average Salary of a Business Accountant and Taxation |
Bachelor's in Commerce, Bachelor's in Business Administration, Master's in Commerce, Master's in Business Studies, Master's in Business Administration | ₹7-9 lakhs per annum |
Financial experts known as cost accountants assist with budget creation, asset and cost management, and performance assessment. Most of them work for manufacturing companies.
For regulatory bodies, creditors, tax authorities, and stockholders, they generate financial reports.
How to Become a Cost Accountant:
Courses Needed to Pursue to Become a Cost Accountant | Average Salary of a Cost Accountant |
Bachelor's in Commerce/Accounting, MSc in Accounting, MBA in Accounting | ₹4 lakhs per annum |
The corporate compliance officer's responsibilities and those of the company secretary are comparable.
Their primary objective is to verify that the organization is functioning in compliance with the relevant rules and regulations.
The company secretary is a liaison between the board and the general public as a board member. In addition, he or she is in charge of filing the corporation's yearly reports and other legal paperwork.
How to Become a Company Secretary:
Courses Needed to Pursue to Become a Company Secretary | Average Salary of a Company Secretary |
CS Course: Foundation, Executive and Professional Programme | ₹6-7 lakhs per annum |
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CEOs are the ones that make the decisions for any firm or corporation, and they are frequently rated among the greatest occupations in the US.
They are expected to manage the daily operations of any firm or organization and handle marketing and strategy.
A CEO is accountable for managing the public relations of any given organization in addition to hiring, firing, and satisfying the needs of the workforce.
Courses Needed to Pursue to Become a Chief Executive Officer | Average Salary of a Chief Executive Officer |
Bachelor's in Business Administration, Bachelor's in Commerce, Bachelor's in Management Studies, Bachelor’s in Entrepreneurship, MSc in Management, Master’s in Business Administration, MBA in Entrepreneurship | ₹24 lakhs per annum |
An entrepreneur is a person who starts, grows, and runs their own business, taking full responsibility for it.
Students who have unique and creative ideas that differentiate them from competitors in the same field can launch a small-scale business.
To avoid investing all your money, you may also raise money from well-known investors. In this case, you'll still need to meet all their demands and make a strong pitch for your ideal company!
Courses Needed to Pursue to Become an Entrepreneur | Average Salary of an Entrepreneur |
Bachelor's in Business Administration, Bachelor's in Commerce, Bachelor's in Management Studies, Bachelor’s in Entrepreneurship, MSc in Management, Master's in Business Administration, MBA in Entrepreneurship | ₹110-120 lakhs per annum |
Frequently Asked Questions
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