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Commerce is one of the curriculum subjects available to high school students worldwide. However, despite its practical usefulness, many parents prefer their children to become Science-inclined students, even when they need more aptitude for Science. Most such parents have a wrong belief that subjects like Commerce will narrow the job prospects of their kids or restrict them to low-paying jobs in future.
Well, commerce students should be encouraged to know there are several high-salary jobs in this exciting field.
Make sure you work extra hard to pass your exams with flying colours, and the doors to career success will surely open. If you are a Commerce student or wish to pursue a Commerce course, don't let anything stop you. This blog will help you learn in detail about the highest-salary jobs for Commerce students and the skills and salaries you will likely get.
Not many are aware of the fact that there are several opportunities in front of Commerce graduates and Postgraduates. The job market spreads far and wide, and the career scope is likely to be better if you study abroad. Here is a list of the highest-salary jobs for Commerce students.
The CEO position is one of the topmost positions in any organisation. In other words, the CEO is the highest-ranking executive in an organisation, the person supervising all activities in a business organisation. Suppose you polish your leadership, management, and business skills further with an MBA or an MSc from a reputed university abroad; nothing can stop you from becoming an excellent CEO. Because of their experience, importance, and enormous responsibilities, CEOs enjoy handsome remuneration that is second to none among the staff in any organisation.
Bachelor's in Business Administration, Entrepreneurship, Management Studies or Commerce, MBA in Entrepreneurship, and MSc in Management are a few courses you can pursue to become a CEO.
Strong analytical and communication skills are essential to become a good CEO. You should also have strong business knowledge.
The average salary of a CEO is INR 24,00,000 per annum.
The CFO is usually the highest-ranking financial employee in a company. They are responsible for managing all aspects of the company's finances and maintaining its fiscal health. When it comes to organisational hierarchy, the CFO usually reports to the CEO, whom they can assist in several areas such as forecasting, cost-benefit analysis, and fundraising.
CFOs often have higher finance degrees such as MSc, PhD or MBA. Many are also members of professional organisations that confer essential certifications such as CFA, CA, CPA, and others.
Good communication, decision-making, and leadership skills make you a good CFO.
The average annual salary of a CFO ranges from INR 8,00,000 to INR 40,00,000.
Investment banking is one career a Commerce student should thrive in very comfortably. This is because the study of banks and other financial institutions is an essential component of the Commerce curriculum. An Investment Banker is a bank employee or staff of an investment banking department of a non-bank company that offers consultancy services to individual investors, companies, governments, etc.
You can pursue a Bachelor's in Finance/Accountancy, BA in Economics, BBA in Finance, BCom, MBA in Digital Finance and Banking, and MBA in Finance to become an Investment Banker.
Good communication, managerial skills, reasoning, and analytical abilities are essential to becoming a successful Investment Banker.
The average annual salary of an Investment Banker ranges from INR 9,00,000 to INR 26,00,000.
Actuaries are professionals who use Mathematical and Statistical models to improve financial decision-making through actionable analysis of the probability of risk and future uncertainty. Though less popular than other jobs on this list, it is one of the highest-paying jobs for Commerce students.
BSc in Actuarial Science, Maths and Statistics, and MSc in Actuarial Science and Financial Mathematics are some courses to pursue if you wish to work as an Actuary.
Good arithmetic, analytical and problem-solving skills are required to work as a successful Actuary.
The average annual salary of an Actuary comes from INR 10,00,000 to INR 14,00,000.
Anyone you see with a CFA tag deserves some respect because they have sat for and passed one of the world's toughest exams – the CFA charter tests of the CFA Institute. These very rigorous tests are divided into three levels: Economics, Finance, and Accounting. Many CFAs earn a decent income in global giants such as JP Morgan, Morgan Stanley, and Goldman Sachs.
A Bachelor's degree in Finance and the CFA exams make you eligible to become a Chartered Financial Analyst.
Statistical, communicational and analytical skills, decision-making capabilities, and knowledge of different analysis technologies are the skills required to be a successful CFA.
The average annual salary of a CFA comes to around INR 12,00,000.
Quick Read: Chartered Financial Analyst CFA Course
A Chartered Accountant (CA) is an accounting professional awarded an internationally recognised accounting certification by a competent organisation in any part of the world. This organisation is known as the Institute of Chartered Accountants of India (ICAI). In the United States, chartered accountants are called Chartered Public Accountants (CPA).
The CA course can be pursued right after completing your grade 12 in the Commerce stream. The CA exam in India comes in three different levels:
You should be good in Statistics and Accounting, showcase exceptional reasoning abilities, and have experience in auditing or internships to be a successful Chartered Accountant.
The average annual salary of a Chartered Accountant ranges from INR 6,00,000 to INR 7,00,000.
Quick Read: CA Course Details after 12th
Company Secretaries perform a vast number of legally recognised roles that ensure the smooth functioning of every department in an organisation. A Company Secretary may be seen as the knot that ties most company activities together for enhanced efficiency. Suppose you are a Commerce student who is fearless in taking up simultaneously many essential duties. In that case, this is one job you should consider.
To become a Company Secretary, you should pursue the CS course offered as a Foundational, Executive and Professional program.
The ability to multi-task, a deep understanding of business rules, and organisational skills are required to be a successful CS.
The average salary of a CS ranges from INR 6,00,000 to INR 7,00,000 per annum.
A Certified Public Accountant (CPA) is an accounting professional in the US who has undergone formal education or training. The career scope for a CPA is quite diverse. For instance, a CPA can work for the government or a private company or set up their own office to provide consultancy services. A CPA (or CFA and CA) can easily occupy higher executive positions such as CFO in company career progression.
A BCom or BSc in Finance and CPA exams make you eligible to become a CPA.
Knowledge about new tools for Accounting systems, tax laws, accounting and reporting procedures, and organisational and leadership skills are required to become a successful CPA.
The average annual salary of a CPA ranges from INR 7,00,000 to INR 9,00,000.
Marketing departments are often the central income-generating units in profit-oriented organisations. The Marketing Manager's job is to ensure that all products (and services) offered by the company are branded efficiently, promoted, and marketed effectively.
Bachelor's in Management Studies, BBA, MBA, Master's in Digital Marketing and MSc in Management are a few courses to pursue if you wish to be a Marketing Manager.
A thorough knowledge of Marketing, communication skills, and reporting and documenting abilities are a must to be a successful Marketing Manager.
The average salary of a Marketing Manager ranges from INR 6,00,000 to INR 22,00,000 per annum.
Cost Accountants are finance experts who analyse a company's products (and services) costs. This may include scrutinising supply chain expenses and profitability analyses, to mention a few.
A BCom in Accounting, MCom in Accounting and MBA in Accounting are the courses you can pursue if you wish to be a Cost Accountant.
Strong oral and written communication skills, technical and computational skills, an understanding of business, and an eye for detail are essential to becoming a successful Cost Accountant.
The average annual salary of a Cost Accountant comes to around INR 4,00,000.
Most students are afraid to choose Commerce without Maths after 10th grade because they fear it will hinder their career options. While Commerce involves some number crunching, the above fear should not arise because there are a good number of little or non-math tertiary courses a student can opt for. These courses will lead to jobs that are no less lucrative for career prospects and the reward for labour. Product Manager and Human Resource Manager are a few career options. The opportunities will be far and wide if you decide to pursue your higher education abroad.
Apart from the jobs mentioned above, other job sectors and roles open up before you if you choose a Commerce degree. They are listed below.
Commerce is an exciting subject that holds significant promise for career prospects. Hence, parents' preference for Science courses due to the alleged narrow scope of Commerce is misplaced. Every society needs great Scientists, but great business leaders and entrepreneurs are influential. Hence Commerce students should be encouraged to forge ahead with or without Maths since their earning potential can compete favourably with those in other subjects.
Still unclear about anything? Well, not to worry. Contact aecc and get your queries answered today! aecc is one of the world's leading educational consultancies, with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.
An Investment Banker is considered to have the highest salary in Commerce.
Yes, Commerce is a highly rewarding career option that will significantly benefit the future.
Commerce promises a great career opportunity, and you can pursue the stream if you are interested in studying it.
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