Highest-Paying Jobs in Commerce That Ensure You Get What You Deserve
Are you considering a career in commerce and looking for the most lucrative opportunity you can find? Well, you’ve come to the right place. We’ve consolidated the list of the highest-paying jobs in commerce right now, and not just executive roles but entry-level positions as well. Find out how you can make the most of your career and get paid what you deserve. Keep reading to discover the highest-paying jobs in commerce.
Highest-Paying Jobs in Commerce
Pursuing lucrative career paths in the field of commerce can lead to financial security, professional stability, and personal satisfaction. But beyond that, these roles offer attractive salaries and exciting opportunities to work with some of the biggest names in business and finance. Whether you’re a recent graduate or looking for a career change, knowing which jobs pay the highest salaries is essential when considering your options.
Top 12 Highest Paying Jobs in Commerce
Investment Banker
Investment banking is one of the highest-paying professions in commerce. According to Glassdoor, an investment banker in India can earn an average salary of ₹12, 21,707 per year. As an investment banker, you’ll advise companies on financial matters like issuing stocks and bonds, mergers and acquisitions, and other strategic investments. A finance or economics degree, excellent analytical skills, and strong business acumen are your ticket to making it big in this field.
Also Read: Uncover the Insider Knowledge of Investment Banking – Learn What You Need to Know
Management Consultant
With an average salary of ₹23,00,000 per year, management consulting is one of the high-paying jobs in commerce. Your job is to offer advice on strategic business decisions and analyze data to identify areas of improvement. You’ll need strong problem-solving and communication skills, an eye for detail, and the ability to think outside the box.
Chief Financial Officer (CFO)
A CFO is the highest-ranking financial executive in an organization and earns an average salary of ₹45,80,000 per year, according to
AmbitionBox. As a CFO, you’ll be responsible for developing and overseeing the company’s financial strategy and managing budgets, investments, and capital structure. A finance or accounting degree, strong analytical skills, and sharp business acumen should help you make a successful go of it.
Actuary
According to Glassdoor, an actuary earns an average salary of ₹12,00,000 per year. As an actuary, you have to use mathematics and statistics to analyze risk for companies in finance, insurance, and other industries. You need a degree in actuarial science or mathematics, good analytical skills, and the ability to think logically to take on this role.
Marketing Manager
A marketing manager oversees all aspects of a company’s marketing strategy. This includes creating campaigns, managing budgets, and measuring returns on investments. The average salary for this role in India is ₹10,00,000 per year, according to Glassdoor. You’ll need excellent leadership skills, creativity, and knowledge of the latest trends in the industry to succeed as a marketing manager.
Investment Manager
According to Glassdoor, an investment manager earns an average salary of ₹6,17,500 per year. As an investment manager, your job is to help companies manage their portfolios by investing in stocks, bonds, and other financial instruments. A degree in finance or economics, and extensive knowledge of the stock market as well as strong analytical and problem-solving skills are invaluable to pursuing this job.
Chartered Accountant (CA)
A chartered accountant earns an average salary of ₹9,50,000 per year. As a CA, you’ll be responsible for auditing financial statements, preparing taxes, offering investment advice, and managing risk exposure. You’ll need a degree in accounting, excellent numerical skills, and the ability to work with numbers quickly and accurately.
Financial Adviser
With an average salary of ₹4, 10,146 per year, according to Glassdoor, financial advising is a high-paying field in commerce. Financial advisers are hired to advise clients on investments and strategies to achieve financial goals. You need strong communication and interpersonal skills and a thorough understanding of the stock market and financial regulations to excel as a financial advisor.
Credit Analyst
A credit analyst earns anywhere between ₹8,00,000 to ₹14,00,000 per year, according to Glassdoor. As a credit analyst, you’ll analyze financial data and credit reports to assess the creditworthiness of individuals or companies. Your degree in finance or accounting needs to be balanced by strong analytical skills and attention to detail.
Tax Manager
A tax manager earns an average salary of ₹20,00,000 per year. Your role is managing businesses’ or individuals’ tax compliance and planning processes. You need a degree in accounting or taxation, excellent numerical skills, and the ability to work accurately with numbers.Â
Professional Accountant
Professional accountants are responsible for managing the financial records of companies and assisting in tax preparation. They must have an eye for detail and strong analytical skills to detect and prevent potential fraud or errors. In India, the average salary of a professional accountant annually is ₹6,45,000, according to Glassdoor. They provide vital services that help businesses stay organized and profitable.
Business Consultant
Business consultants provide assistance with developing effective strategies for companies or organizations looking to improve their performance. This can include analyzing data, researching industry trends, and proposing solutions that align with company goals. The average base pay of a business consultant in India is ₹12,00,000. With their specialized knowledge and expertise, they can help organizations stay competitive and successful in today’s ever-changing marketplace.
Salary Source: Glassdoor + Ambitionbox
Tips to Land High-Paying Jobs in Commerce
Get the Right Educational Qualifications
While a Bachelor’s Degree in Commerce is always helpful if you want to work in this field, pursuing a Master’s degree can help open up more job opportunities with higher salaries. An MBA is specifically designed for those interested in pursuing leadership roles within commerce, enabling them to acquire managerial skills and insights to help progress their career aspirations.
Gain the Experience
Gaining practical experience while studying will put potential candidates ahead of the competition in the search for high-paying jobs. This includes internships, part-time work, or even shadowing experienced professionals already working in commerce.
Pursue Professional Certification
Industry certifications are one of the best ways to stand out from other applicants when looking for a job in commerce. The below certifications demonstrate expertise and knowledge that add to your formal qualifications:
- Chartered Financial Analyst (CFA)
- Certified Accounting Technician (CAT), and
- Certified Public Accountant (CPA)Â
Network with Industry Professionals
Building solid relationships with industry professionals is vital when introducing yourself into the marketplace. Developing connections through events such as conferences, seminars, and workshops can be extremely helpful when looking to land one of the highest-paying jobs in commerce.
Stay Updated on Current Trends
Technology continues to revolutionize the world of commerce, so job seekers must stay up-to-date on current trends. Keeping track of emerging technologies and industry developments will ensure that you are well-equipped with the skills needed for success in the competitive world of commerce.
Upgrade Your Knowledge Base with Emeritus
A career in the business world can be both rewarding and challenging. The jobs mentioned above offer different responsibilities and salaries, making it easy for individuals to find a job that best suits their interests and skill set. Although the average salaries may differ, these roles are crucial for businesses to maintain success. Individuals can make a successful career in any of these fields with hard work and dedication.
If you want to learn more about finance, accounting, and commerce, there are various finance courses by Emeritus to get you ready for the job market. From the experiential learning approach to the industry-relevant curriculum, Emeritus strives to give the best possible preparation for the ever-changing marketplace.
