Top 15 Highest Paying Jobs for Commerce Students with Skills & Salary
The rapid growth of India’s economy and its increasing global connections have opened up numerous career opportunities for commerce students. The skills in financial management, accounting, business expertise, etc are highly regarded in various industries, making graduates with a background in commerce highly desirable to employers. However, obtaining a single B.com degree might not be sufficient to get a job. In this guide, we’ll explore the skills, and course requirements to succeed, and some of the best high salary jobs in commerce stream.
Career in Commerce
Commerce is the process of trading goods and services between two parties. Transactions involve the buying and selling of items, but commerce encompasses all transactions related to a particular item in an economy. It is important to recognize that commerce emphasizes distribution rather than production.
When considering a career in this field, it can be beneficial to know the various industries within commerce. Familiarizing yourself with these industries can assist you in determining which path you can pursue and explore suitable job opportunities for commerce students.
Highest Paying Jobs for Commerce Students with Maths
Here is a list of the best high-paying jobs for commerce students with maths.
1. Cost Accountant
As a cost accountant, your role will involve various tasks including profitability analysis, budget creation, data gathering, and coordinating physical inventory audits. Essentially, you will support companies in managing their finances effectively by promoting cost-effectiveness and ensuring that expenses are well-planned and justified.
Skills Required to Become a Cost Accountant:
- Excellent abilities in both spoken and written communication.
- Adept at collaborating with a team.
- Exceptional proficiency in technical and computer-related tasks.
- Thorough comprehension of business principles.
- Precise attention to detail and accuracy.
Required Courses for a Cost Accountant
- A degree of bachelor in commerce/accounting
- Degree of MBA in Accounting
- A degree of MSc in Accounting
Average Salary: ₹7.2 LPA
Highest Salary: ₹30 LPA
2. Investment Banker
For many years, investment banking has been a highly desirable career path. This field is known for its high-risk nature and demanding time requirements. As an investment banker, you will assist a wide range of clients including governments, corporations, and institutions in raising capital and completing mergers and acquisitions. To prepare for this career option, students can enroll in the business analyst training course to gain a strong understanding of the fundamentals.
Skills Required to Become an Investment Banker:
To be a prosperous investment banker, you must possess the following skills:
- Exceptional critical thinking and analytical skills.
- Ability to effectively manage different personalities and handle challenging situations.
- Proficiency in project management.
- Strong managerial skills to oversee various tasks efficiently.
- Excellent communication for effective interaction with clients, colleagues, and stakeholders is essential.
- In-depth knowledge about the global economy as well as financial markets is essential for success in this field.
Required Courses for an Investment Banker:
Here are the required courses to becoming an investment banker:
- BSC in Commerce
- BSC in Finance/Accountancy
- MBA in Finance
- BSC in Business Administration (BBA) in Finance
- MBA in Digital Finance & Banking
- Chartered Financial Analyst Course
- BSC of Arts (BA) in Economics
- Chartered Accountant Course
Average Salary: ₹10.7 LPA
Highest Salary: ₹56 LPA
Want to check out other investment-related career opportunities? Explore the latest investing jobs to find a suitable vacancy.
3. Personal Financial Advisor
Personal financial advisors are professionals who assist individuals in achieving their financial objectives, both in the short and long term. They guide a variety of areas, such as real estate investments, taxes, insurance, and retirement planning. To thrive in this field, a personal financial advisor must possess deep knowledge of investment markets and the ability to select top-performing stocks, bonds, or funds for their clients.
Skills Required to Become a Personal Financial Advisor:
To excel as a personal financial advisor, you must possess exceptional financial management abilities. This includes:
- The ability to identify potential risks and opportunities by closely monitoring relevant information.
- Strong analytical skills are also essential in effectively studying and evaluating financial data.
- Advisors must know how to communicate with clients in a way that makes them feel understood and valued.
- Having well-trained staff who can maintain positive relationships with customers is key to providing excellent service as an advisor.
Required Courses for a Personal Financial Advisor:
Here are the required courses to become a personal advisor
- Undergraduate degree in Commerce
- Undergraduate degree in Finance and Accounting
- Dual major in Economics and Mathematics
- Undergraduate degree in Financial Markets
- Bachelor’s program specializing in Taxation and Finance
- Master’s program with a focus on Finance
- MBA program with an emphasis on Financial Management.
Average Salary: ₹6 LPA
Highest Salary: ₹12 LPA
4. Chartered Accountant (CA)
If you possess strong analytical abilities, exceptional reasoning skills, and a high level of accuracy in working with numbers, chartered accountancy jobs may be ideal for you. As a chartered accountant, your job role can span across various areas such as financial analysis and reporting, budget management, evaluation and auditing services as well as tax consulting.
Skills Required to Become a Chartered Accountant (CA):
To become a CA, you must possess the following skills:
- Proficiency in statistics and accounting.
- Strong critical thinking ability.
- Meticulousness and precision in your work.
- Previous experience with auditing or internships.
- Competency in balancing accounts and delivering presentations.
Required Courses for a Chartered Accountant (CA):
Here are the required courses to become a chartered accountant (CA)
- The CA Foundation course (previously referred to as CPT)
- ICITSS (integrated course on information technology and soft skills)
- CA Intermediate (previously known as IPCC or Integrated Professional Competence Course)
- Articleship (A 3-year training period required for all aspiring Chartered Accountants)
Average Salary: ₹10.8 LPA
Highest Salary: ₹30 LPA
5. Actuary
If you are good in math, statistics, and business administration, you have the potential to excel in this industry. Your responsibilities will involve developing financial models and conducting risk assessments for potential losses such as property damage or disability that could affect the company’s operations. Being an actuary is considered one of the most lucrative occupations within commerce as it offers versatility in terms of working independently or with an established company.
Skills Required to Become an Actuary:
To excel as an actuary, one must possess the following skills:
- A strong work ethic and dedication.
- A thorough understanding of actuary fundamentals is key, which can be achieved through a passion for learning.
- Proficiency in arithmetic and statistics.
- Excellent analytical and problem-solving abilities are crucial skills for success in this field.
Required Courses for an Actuary:
Here are the required courses to become an actuary:
- Bachelor of Science in Mathematics or Statistics
- Undergraduate degree in Applied Sciences
- Graduate degree in Applied Sciences
- Master’s program specializing in Financial Mathematics
- The Actuarial Common Admission Test (ACET)
Average Salary: ₹10 LPA
Highest Salary: ₹32.5 LPA
Jobs with Highest Salary for Commerce Students without Maths
Here is a list of the highest-paying jobs for commerce students without maths:
6. Human Resource Manager
Human resource managers play a crucial role in the recruitment and hiring process of new employees, as well as managing employee benefit plans and other incentives. Given the increasing interest among individuals to work in business and management roles, there is a vast array of potential opportunities within this industry.
Skills Required to Become a Human Resource Manager:
To achieve success as a human resource manager, you should possess the following skills and expertise:
- Effective communication skills.
- Exceptional interpersonal and leadership abilities.
- Proficiency in organization and meticulousness.
- Robust skills in analysis and finding solutions to problems.
- Proficiency in problem-solving.
- Competency in organizing and executing various tasks.
- Effective negotiation and conflict resolution skills.
Required Courses for a Human Resource Manager:
To pursue an HR manager job, you should possess the following:
- Bachelor’s degree in Business Administration (BBA)
- Master’s degree in Business Administration, Labor Laws, or Human Resources
- PG Diploma in Human Resource Management
- Professional Human Resource Management course with placement
- Advanced Human Resource Management Course
Average Salary: ₹9.37 LPA
Highest Salary: ₹18.3 LPA
7. Cost Management Accountant (CMA)
CMA is a globally recognized professional qualification for commerce and accounting professionals. It is considered one of the most difficult programs in India but it offers lucrative job opportunities for commerce students.
Skills Required to Become a Cost Management Accountant (CMA):
Through the CMA course, you will gain proficiency in a variety of important skills, including
- Thorough understanding of financial accounting.
- Good grasp of cost management.
- Proficiency in management accounting.
- Complete understanding of planning and budgeting.
- Excellent grasp of risk management.
- Understanding of external financial reporting.
Average Salary: ₹8 LPA
Highest Salary: ₹12.3 LPA
Required Courses for a Cost Management Accountant (CMA):
To become a Certified Management Accountant (CMA), one must pass the CMA exams which are divided into three levels: Foundation, Intermediate, and Final. These exams are essential in obtaining the necessary qualifications for a career as a CMA.
8. Auditor
An auditor’s role is to review financial statements and ensure compliance with legal regulations for organizations and businesses. Becoming an auditor requires a degree in accounting, finance, economics, or a related field, as well as specialized certification. As a commerce student graduate, you can consider seeking auditing jobs in Mumbai.
Skills Required to Become an Auditor:
To become an auditor, you must possess the following skills:
- Strong communication skills.
- Ability to make effective decisions.
- Attention to detail and proficient analytical math skills.
- A solid understanding of financial concepts.
- Ability to work well under pressure
- Possess advanced IT skills.
- Strategic planning and risk assessment capabilities.
- Integrity and ethics.
- Critical thinking.
- Time management skills.
- Knowledge of accounting principles.
Required Courses for an Auditor:
To succeed as an auditor one must possess two or more of the following degrees:
- Degree in Accounting and Auditing
- Advanced degree in Financial Accounting and Taxation
- Post-graduate program specializing in Management
- Bachelor’s of Commerce (B.Com)
Average Salary: ₹7 LPA
Highest Salary: ₹12 LPA
Explore the latest auditing jobs to gain work experience and enhance your career prospects as an auditor.
9. Budget Analyst
A budget analyst is a professional who plays an important role in monitoring an organization’s expenses and budgets. They are commonly employed by both private and public entities to help them efficiently manage their resources. This position, which is widely recognized in the business world, involves overseeing budgeting and expenditures for a private company to devise innovative strategies to boost sales and profits.
Skills Required to Become a Budget Analyst:
To excel as a budget analyst, you must possess the following skills
- Skilled in calculus, financial management, and financial analysis.
- Tech-savvy for reporting and forecasting.
- Ability to analyze effectively.
- Strong communication abilities
- Flexibility and ability to adapt easily.
Required Courses for a Budget Analyst:
To become a budget analyst, you must have the following credentials:
- Bachelor’s degree in fields such as Business Management.
- Master’s degree in Accounting, Finance, or relevant fields.
Average Salary: ₹5.8 LPA
Highest Salary: ₹10 LPA
10. Product Manager
A product manager has a vital role in all aspects of product development, starting from initial concept to design and ultimate production. In today’s competitive market, top companies like Google are on the lookout for skilled and innovative product managers.
Skills Required to Become a Product Manager:
To become a product manager, one must possess several skills. These include
- A solid understanding of data interpretation and analysis.
- Familiarity with the industry and its key performance indicators (KPIs.
- Strong business acumen and strategic management abilities.
- Strategic management abilities.
- Knowledge of user experience (UX) and user design (UI).
- Research proficiency.
- Great analytical skills.
Required Courses for a Product Manager:
Here are the required courses to become a product manager
- Undergraduate degree in Business Administration
- Undergraduate degree in Management Studies
- Undergraduate degree in Finance or Economics
- Master of Business Administration (MBA) with a focus on Product Management
Average Salary: ₹20.9 LPA
Highest Salary: ₹37.6 LPA
Explore the latest product manager jobs to begin your professional career today.
11. Company Secretary (CS)
A company secretary is a legal expert and compliance officer in a company who ensures corporate governance and communication between stakeholders. As a CS, you will be responsible for convening and managing annual general meetings (AGMs), providing legal or financial advice, and ensuring compliance with legislation.
Skills Required to Become a Company Secretary
To pursue a company secretary job, you must possess the following skills:
- Strong organizational and administrative skills with attention to detail.
- Good communication and interpersonal skills.
- Excellent time management skills.
- Ability to maintain discretion while handling confidential information.
- Good grasp of legal research and analysis.
- Knowledge of company secretarial software.
Required Courses for a Company Secretary
Here are the required courses to become a company secretary:
- CS Foundation Program (For 10+2 pass or equivalent students) [Now replaced with CS Executive Entrance Test or CSEET]
- Executive Program (For Graduates)
- Executive Development Program or EDP (30 days training)
- Practical Training (For 21 months after completion of EDP)
- Professional Program (For those who have cleared the Executive Program of CS course)
- Corporate Leadership Development Program or CLDP (For 30-60 days after passing Professional Program Examination)
Average Salary: ₹7 LPA
Highest Salary: ₹20 LPA
12. Marketing Manager
A marketing manager is responsible for leading marketing activities in an organization for its products and services. Any commerce student can explore the marketing field if they wish to develop and implement strategic marketing plans. As a marketing manager, you will undertake tasks like deploying marketing campaigns, monitoring metrics and initiating optimization practices accordingly, building strategic relationships with key players, and preparing marketing budgets.
Skills Required to Become a Marketing Manager
To become a marketing manager, you must possess the following skills:
- Knowledge of web analytics tools such as Google Analytics, WebTrends, Omniture, etc.
- Ability to identify target audiences and create marketing campaigns accordingly.
- Critical thinking and analytical skills.
- Strong communication skills and aesthetic sense.
- Familiarity with the latest industry-related trends.
Required Courses for a Marketing Manager
Here are the required courses to become a Marketing Manager:
- Bachelor’s degree in Marketing, Advertising, Business, or related field
- Master of Business Administration (MBA)
- Certification course in Digital Marketing
Average Salary: ₹12.3 LPA
Highest Salary: ₹20.4 LPA
Explore the latest marketing manager jobs and begin your professional journey today!
13. Chartered Financial Analyst (CFA)
Chartered financial analysts handle responsibilities such as wealth management, credit analysis, equity and fixed-income analysis, and more. They aim to enhance the investment management of an organization by advising financially prudent ways to spend money to maximize profits. Organizations rely on CFA for stock market investments and mergers and acquisitions.
Skill Required to Become a Chartered Financial Analyst
To become a chartered financial analyst, you must have the following skills:
- In-depth knowledge of financial analysis and modeling.
- Understanding of databases and database management systems.
- Strong reasoning, analytical, strategic, and decision-making skills.
- Time management to prioritize tasks efficiently.
- Good communication skills to present information to all stakeholders.
Required Courses for a Chartered Financial Analyst
Here are the required courses to become a chartered financial analyst:
- Bachelor’s degree in Commerce or related field
- CFA Exam (3 Levels)
- Complete a minimum of 4000 hours of professional work experience in investment decision-making
- Membership in the CFA Institute is mandatory to receive the charter and work as a chartered financial analyst
Average Salary: ₹10 LPA
Highest Salary: ₹35 LPA
14. Research Analyst
Research analysts collect and analyze financial data and prepare investigative reports related to assets and securities for an organization. They identify past trends and suggest improvements based on this analysis. Further, they evaluate financial protocols and policies for efficient business operations.
Skills Required to Become a Research Analyst
To pursue a research and analytics job, you should possess the following skills:
- Strong research and analytical skills.
- Good presentation and communication skills.
- Effective logical reasoning skills and good attention to detail.
- Great organizational and time management skills.
Required Courses for a Research Analyst
Here are the required courses to become a research analyst:
- Bachelor’s degree in Mathematics, Finance, Economics, or Business Administration
- Master of Business Administration (MBA)
- Chartered Financial Analyst Certification
- Research Analyst Certification Examination (To become SEBI-registered research analyst
Average Salary: ₹7 LPA
Highest Salary: ₹12 LPA
15. Finance Manager
A finance manager is responsible for developing, implementing, and monitoring the financial plans of an organization. They prepare financial reports and suggest the next course of action to various stakeholders to achieve business goals and objectives. These professionals are in high demand due to their ability to maintain the financial health of an organization.
Skills Required to Become a Finance Manager
To become a finance manager, you should possess the following skills:
- Ability to understand financial trends within the organization and the overall market patterns.
- Strong communication and presentation skills.
- Working knowledge of Generally Accepted Accounting Principles (GAAP).
- Effective negotiation and decision-making skills.
- Understanding of statutory legislation and regulations.
- Thorough knowledge of financial risk mitigation as well as financial modeling skills.
- Proficiency in using finance software.
Required Courses for a Finance Manager
Here are the required courses to become a finance manager:
- Bachelor’s degree in Finance, Accounting, Economics, or related field
- Professional certifications such as CFA (Chartered Financial Analyst), CPA (Certified Public Accountant), or CMA (Certified Management Accountant)
- Master’s degree in Business Administration, Accounting, Finance, or related field
Average Salary: ₹16.8 LPA
Highest Salary: ₹31.2 LPA
Want to pursue a career as a finance manager? Check out the latest finance manager jobs.
Conclusion
There are diverse arrays of jobs for commerce students in various industries such as finance, accounting, consulting, and entrepreneurship. As a commerce student, you should utilize your skills effectively and stay informed about the current market developments to achieve success in your career.
Additionally, pursuing additional certifications or specializing in certain areas can also be beneficial for your career growth. You can take a placement guarantee course in data science to expand your career horizon. Let us know in the comment section which one of the jobs listed above is well-suited for you as a commerce student.
FAQ’s
Answer: Chartered accounting, investment banking, budget analysis, and marketing management are some jobs that are best for commerce students.
Answer: You can earn a high income with the following commerce-jobs:
1. Product Management
2. Research Analysis
3. Auditing
4. Cost Accounting (Manager)
Answer: Yes, commerce is good for the future because it offers diverse opportunities in fields like accounting, marketing, banking, finance, human resources, and more. You can also choose to start your own business after pursuing commerce.