Highest Paid Jobs in India in Commerce Field

Contrary to the popular notion that Engineering and Medical are the most bankable fields, Commerce has emerged as the top opted stream at present. With a plethora of options for higher studies and job opportunities in different domains, students in big cities try their best to get admission to a reputed Commerce college.

Details of Highest Paying Jobs in India for Commerce Students:

There are numerous highest-paid jobs in India in the Commerce field. Besides a lucrative salary option, the available career opportunities for Commerce students offer stability and job satisfaction.

In fact, the job market for Commerce students is booming in recent times. With increasing possibilities in the field of Management, Human resources, and Finance, commerce students need not worry about sitting idle after completing their studies.

So those of you who are still thinking about which stream will provide the best career opportunities, close your eyes and choose Commerce. The highest-paid jobs in India in Commerce field will ensure that you can lead a comfortable and fulfilling life with guaranteed job satisfaction.

Top 10 Highest Paid Jobs in India in Commerce field

Below we have provided an account of the 10 best career opportunities for Commerce students that will help them to choose a career path wisely and will ensure lucrative salary with a secured future.

➤ Chartered Accountant

Chartered Accountancy is one of the top regarded professions at the moment as it offers high salary options and top positions in reputed companies. Chartered Accountants are mostly students from the Commerce stream.

A Chartered Accountant in India gets a starting salary of INR 7 Lakhs per annum and this salary increases with the experience of the candidate. The average salary of a practicing Chartered Accountant in India is INR 21 Lakhs.

Job Roles of a Chartered Accountant

• Auditing financial statements and accounting.
• Budgeting and bookkeeping
• Maximization of profits in an organization
• Verification of financial records

Skills Required to Become a Chartered Accountant

• Mathematical accuracy
• Analytical skills
• Conceptual understanding
• Teamwork

Eligibility Criteria of Chartered Accountants

• 10+2 from a recognized Board and clear the Computer Proficiency Test (CPT).
• Complete graduation in Commerce stream with 50% aggregate.

Or

• Complete Graduation is a non-commerce stream with 60% aggregate.
• Qualify the Intermediate Level Exam from the Institutes of Cost Accountants in India or Institute of Company Secretaries of India.

➤ Product Manager

The job of a Product Manager is to understand the needs of the customer and fulfill the business goals of a company. A Product Manager Manager manages an entire product throughout its entire life cycle by working in coordination with the different branches of a company like supply chain, human resources, marketing, manufacturing, and sales.

The average salary of a Product Manager in India is INR 17 Lakhs and it is considered one of the highest-paid jobs in India in the Commerce field.

Job Roles of a Product Manager

• Understand the needs of the customer.
• Understand and supervise the different aspects of a product.
• Define the strategy and roadmap of the product.
• Prioritizes the customer requirements.
• Works in close coordination with the different departments like sales, marketing, and supply chain.

Skills Required to Become a Product Manager

• Communication skills
• Leadership skills
• Domain Expertise
• Operational ability
• Analytical ability
• Strategic thinking
• Time Management skills
• Negotiation skills

Eligibility Criteria of a Product Manager

• Qualify Bachelor’s Degree in Business or any related field.
• Bachelor’s Degree in Advertising, Marketing, Economics, or Statistics will be preferred.
• Candidates with a minimum work experience of 2 to 3 years in Product Management will be preferred.

➤ Investment Banker

An Investment Banker is one of the top career options for candidates who have completed their bachelor’s degree in the Commerce stream. The main duty of the Investment Banker is to manage the financial decisions of a company, raise capital from the market, handle conflicts of interests of a company, help a company in making investments and raise the overall financial portfolio of the company for which they are employed.

The average salary of an Investment Banker is INR 9.6 Lakh per annum. The salary increases with the experience of the candidate.

Job Roles of an Investment Banker

• Conduct research on the financial roles of a company.
• Manage mergers and acquisitions of a company.
• Provide financial advice to the clients.
• Manage private equity placements.
• Help in Corporate restructuring.
• Look for potential investors

Skills required to become an Investment Banker

• Relationship building skills
• Analytical skills
• Underwriting skills
• Ability to work under pressure
• Development of strong work ethics

Eligibility Criteria of an Investment Banker

• Qualify the 10+2 exams in Commerce from a recognized Board,
• Complete the 3-year Bachelor's Degree program from a recognized University in Commerce or Economics with a 45% aggregate.
• Get a valid score in the Entrance exam.
• Clear the GD/PI round.

➤ Company Secretary (CS)

A Company Secretary is a Legal expert who is responsible for Corporate planning and providing advice to the Board of Directors of a company. Company Secretary holds the key Managerial position of a company and makes sure that the organization complies with the disclosures, tax returns, and legal filings.

The job of a Company secretary is among the highest paid jobs in India in the Commerce field and the average salary of a Company Secretary in India is INR 4.4 Lakhs per annum.

Job Roles of a Company Secretary

• To assist the Board with good Corporate Governance
• Corporate restructuring
• Management of the Finances of the Company
• Managing mergers and collaborations
• Project planning
• Providing legal Governance to the company

Skills Required to Become a Company Secretary

• Flexible and approachable
• Communication skills
• Decision-making skills
• Legal knowledge
• Financial skills
• Critical thinking

Eligibility Criteria of a Company Secretary

• Complete the 3-year Bachelor's Degree in B.Com(Hons)/BBA/B.A Economics (Hons) from a recognized Institute.
• Complete the 3-year professional degree course by the Institute of Company Secretaries in India(ICSI).

➤ Actuary

The job responsibility of an Actuary is risk analysis, designing the pricing policies, and conducting financial modeling of a company. The profession of an Actuary is suitable for both males and females.

Other work areas of an Actuary is to analyze the funds of a company and provide the promised benefits to the stakeholders. Actuaries also provide consultation in different disciplines like risk management, taxation, and employee benefits.

The average salary of an Actuary in India is INR 10 Lakh per annum.

Job Roles of an Actuary

• Develop life insurance policies for individuals and groups.
• Design, test, and evaluate a company’s insurance plans.
• Predict insurance policies of families based on geographical location and occupation of the family members.
• Use analytical skills to forecast the possible loss of a company and devise ways to mitigate risks.

Skills Required to Become an Actuary

• Communication skills
• Technical skills
• Accounting skills
• Knowledge of Computers
• Project Management skills
• Mathematical and statistical skills

Eligibility Criteria of an Actuary

• Qualify the 10+2 in Commerce stream with subjects like Mathematics, Economics, Accounts, and Statistics.
• English should be a compulsory subject in the 10+2 Board exams.
• Appear for the ACET(Actuarial Common Entrance Test) conducted online by the Institute of Actuaries in India.

➤ Human Resource Manager

The job of a Human Resource Manager is one of the highest paid jobs in India in the Commerce field. HR Managers are in great demand in every organization as they hire staff for the company, conduct interviews of the candidates, and help in the business development of the company.

A Human Resource Manager is a multitasker in a company and their work areas include enforcing company policies and practices, monitoring the daily workflow of the company, and administering leave applications of the company.

The average base salary of a Human Resource Manager in India is INR 6 Lakhs per annum.

Job Roles of a Human Resource Manager

• Understand the talent needs of the organization
• Hire and train new employees
• Implements the compensation and benefits to the employees
• Provides guidance and support to the Management and Staff
• Enforces company policy to the employees

Skills Required for a Human Resource Manager

• Verbal and written communication skills
• Analytical skills
• Problem-solving skills
• Computer proficiency
• Interpersonal and negotiation skills
• Eye for detail
• Organizational skills

Eligibility Criteria of a Human Resource Manager

• Qualify the 3-year B.Com (Hons)/Bachelor of Business Administration (BBA)/Master of Business Administration (MBA) from a recognized Institute.
• Minimum 55% aggregate in Graduation from a recognized Institute.
• Must have Business studies, Economics, Statistics, Accounts, and English as the compulsory subjects.

➤ Chief Executive Officer (CEO)

A Chief Executive Officer is one of the highest position holders of a company. The main role of a CEO in a company is to work closely with the Board of Directors, communicate between the different divisions of a company, handle the Corporate operations of the company and collaborate with high-ranking officials to strengthen the company.

The average salary of a Chief Executive Officer is INR 29 Lakh per annum. The career of a CEO is among the highest paid jobs in India in the Commerce field.

Job Responsibilities of a Chief Executive Officer

• Represent the company at industry meetings and high-level events.
• Work closely with the human resource team for the hiring and payroll benefits of the employees.
• Manage the productivity of the company by partnering with high-level officials.
• Collaborate with division Managers to establish goals for each Department.

Skills Required for Chief Executive Officer

• Technical expertise
• Communication skills
• Management skills
• Problem-solving skills
•  Leadership skills
• Analytical skills

Eligibility Criteria of Chief Executive Officer (CEO)

• Complete B.Com(Hons) or 3-year undergraduate program in any relevant field.
• Complete MBA in Finance, Business Management, or any other related discipline.
• Have a minimum of 4 to 5 work experience with a reputed organization.

➤ Certified Public Accountant (CPA)

A Certified Public Accountant is one of the highest paid jobs in India in the Commerce field. A CPA helps the company to make appropriate financial decisions.

Their role is to make the organization take strategic financial decisions that will guarantee long-term success and help to achieve business goals.

The work areas of a Certified Public Accountant are auditing the financial records of a company, creating budget reports and tax returns of the company, and analyzing business transactions of the company. The average salary of a CPA in India is INR 6.9 Lakhs per annum.

Job Roles of Certified Public Accountant

• Organize the financial records of the company.
• Recommend solutions for the overall financial growth of the company
• Implement accounting policies of the organization
• Prepare reports of business transactions of the company
• Update the company with the changing industry trends and compliance issues.

Skills Required for Certified Public Accountant

• Technical abilities
• Business Acumen
• Management skills
• Leadership skills
• Problem-solving
• Networking skills
• Mathematical knowledge

Eligibility Criteria of Certified Public Accountant

• Qualify the 3-year Bachelor's Degree program in Commerce, Business Administration, Finance, Accounting or related field.
• Minimum 5 years experience as Public Accountant.
• CPA Certification from a recognized Institute.

➤ Financial Advisor

The job of a financial advisor is to provide financial consultation to clients. The different areas of advice that a financial advisor provides include the planning of investments, taxes, and accounts.

The other job responsibilities of a financial advisor are to analyze the financial markets and help the clients manage their savings and expenses. Their role also includes understanding the long-term financial goals of the clients, assets, liabilities, and pension benefits.

The average salary of a financial Advisor in India is INR 5 Lakh per annum and the salary range increases with the experience of the employees.

Job Roles of a Financial Advisor

• Develop effective finance strategies for the clients.
• Making the clients aware of their tax status, cash management, and planning investments accordingly.
• Analyze the financial data of the clients and help them reach financial objectives.
• Management of debts.
• Updating the client portfolios and implementing financial plans for the clients.

Skills Required to Become a Financial Advisor

• Communication skills
• Analytical thinking
• Customer service skills
• Proactive
• Organizational skills
• Interpersonal skills

Eligibility Criteria of a Financial Advisor

• Qualify the 3-year Bachelor's Degree in Commerce, Finance, or related field.
• A Masters Degree in Finance related stream is preferable.
• Candidates must have one or two years of work experience.

➤ Retail Manager

A Retail Manager or a Store Manager manages the day-to-day functioning of a supermarket. The job of a Retail Manager is to provide excellent customer service that will help in making the shopping experience of the clients satisfactory.

A Retail Manager also oversees the inventory, sales, staffing, and other daily necessities of a store. Other job areas of the Retail Manager are training the staff, assigning shifts for the staff, and preparing monthly budget targets for the store.

A Retail Manager is one of the highest-paid jobs in India in the Commerce field and the average salary of a Retail Manager is INR 5 Lakh to INR 6 Lakh per annum.

Job Roles of a Retail Manager

• Create monthly budgets for the store
• Recruit and train new staff
• Respond to customer queries and complaints
• Manage the inventory of the store
• Achieve monthly sales target
• Assign shifts for staff members
• Check and order stocks for the store whenever necessary

Skills Required to Become a Retail Manager

• Communication skills
• Leadership abilities
• Critical thinking skills
• Problem-solving skills
• Interpersonal skills
• Multitasking abilities
• Customer service skills

Eligibility Criteria to become a Retail Manager

• Qualify the Bachelor's Degree in Commerce or any other related discipline with 45% aggregate from a recognized Institute.
• Candidates must clear Entrance exams like CAT/MAT/XAT/GMAT.
• A Certificate or Diploma in Management from a recognized Institute is also preferable.

Conclusion

The Commerce stream has huge scope in the present times. Students who have a knack for business and Entrepreneurship must choose Commerce after Class 10 as there is no shortage of highest-paid jobs in India in the Commerce field.

Candidates for the Commerce stream get exposed to a business environment that helps them to understand the changing economic trends.

The career opportunities for Commerce students in India are immense with options for growth, lucrative salaries, and a successful career.