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Top 10 Highest Paying Jobs For Commerce Students in India

Top 10 Highest Paying Jobs For Commerce Students in India

India offers its students three streams to choose to follow: Science, Commerce, and Humanities. Each year, lakhs and lakhs of students graduate from these streams. While some choose to go for further studies, the remaining graduates compete to land their dream jobs in some of the most esteemed organizations not only in India but in the world as well. In this article, we’ll cover the highest-paying jobs for commerce students in India.

The competition for high-salary commerce jobs in India can get cutthroat. In the world of business, unless you know people in high places, it is first-come, first-serve. With almost everyone having the same qualifications and skillsets, landing your dream commerce stream jobs can be an arduous effort. And now that the job market has drastically changed due to the outbreak of the novel coronavirus, the competition is much much tougher.

However, as long as one has done his research thoroughly, upskill himself, and possesses the necessary qualities such as perseverance, determination, and dedication, his chances of finding a high-paying commerce job in India are quite good.

Top Highest Paying Jobs for Commerce Students in India

Hats off to the new Commerce Graduates!

You have finally conquered the world of mandatory studies and have graduated to the world of work! We welcome you and wish you nothing but the best in your future endeavors.

However, we need to be honest here and tell you that being a part of this so-called job market is going to be no walk in the park.

Searching for your first job in the commerce stream can be both exciting and scary at the same time. It can pay quite a pressure on you too, especially if you are still unsure of what you want to do in life but you do want a career that pays well. To be perfectly candid, we do it for the money, don’t we?

To meet our primary and secondary needs and to pay bills and pay off those mountain-high debts, we all want the highest paying jobs in India available in the market.

Our purpose here is to make your job search a wee bit easier by listing out some of the highest salary jobs in India for commerce graduates in 2021.

This blog is particularly for those who are interested in landing one of the high-paying commerce jobs in India. One would think that Maths is a necessity for commerce graduates when job hunting for a high-paid job in India. However, such is not always the case. There are many c top career options for commerce students to pursue that do not involve the use of math.

Top 10 Highest Salary Jobs for Commerce Students in India

Investopedia defines commerce as “the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services, or something of value, between businesses or entities. From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by providing jobs and producing beneficial goods and services.”

The world of business has a spot for you even if you are not looking for careers where your mathematical skills will be put to minimum use.

Top 15 Highest Paying Jobs for Commerce Students in India

Here’s a list of the highest-paying jobs for Commerce students in India –

  1. Certified Management Accountant (CMA)
  2. Human Resource Manager
  3. Certified Public Accountant (CPA)
  4. Product Manager
  5. Chartered Accountant (CA)
  6. Chief Executive Officer (CEO)
  7. Actuary
  8. Investment Banker
  9. Cost Accountant
  10. Company Secretary
  11. Hotel Manager
  12. Event Manager
  13. Digital Marketing Manager
  14. Retail Manager
  15. Research Analyst

Here is the average salary of each of these highest salary jobs for commerce students in India

Commerce job Average Base Salary
Certified Management Accountant (CMA) ₹550,000 per annum
Human Resource Manager ₹694,133 per annum
Certified Public Accountant (CPA) ₹696,625 per annum
Product Manager ₹1,308,578 per annum
Chartered Accountant (CA) ₹798,663 per annum
Chief Executive Officer (CEO) ₹2,950,295 per annum
Actuary ₹2,950,295 per annum
Investment Banker ₹1,008,413 per annum
Cost Accountant ₹588,189 per annum
Company Secretary ₹612,035 per annum
Hotel Manager ₹444,690 per annum
Event Manager ₹442,854 per annum
Digital Marketing Manager ₹549,252 per annum
Retail Manager ₹647,662 per annum
Research Analyst ₹383,842 per annum

Top 10 Highest Salary Jobs for Commerce Without Maths Students in India 

  1. Product Manager
  2. Chartered Accountant (CA)
  3. Company Secretary
  4. Certified Public Accountant (CPA)
  5. Certified Management Accountant (CMA)
  6. Digital Marketing Manager
  7. Event Manager
  8. Hotel Manager
  9. Human Resource Manager
  10. Retail Manager

Here is the average salary of each of these highest salary jobs for commerce students in India

Commerce job Average Base Salary
Product Manager ₹1,308,578 per annum
Chartered Accountant (CA) ₹798,663 per annum
Company Secretary ₹612,035 per annum
Certified Public Accountant (CPA) ₹696,625 per annum
Certified Management Accountant (CMA) ₹550,000 per annum
Digital Marketing Manager ₹549,252 per annum
Event Manager ₹442,854 per annum
Hotel Manager ₹444,690 per annum
Human Resource Manager ₹694,133 per annum
Retail Manager ₹647,662 per annum

Let’s dive deeper into the highest-paying jobs for commerce students in India

Top Highest Paying Jobs for Commerce Students in India

1. Product Manager

A Project Manager is a person who is in charge of identifying customer needs and is responsible for the success of a product. He usually focuses on conducting research, developing strategies and plans with the help of a product roadmap, among others. It is one of the highest-paying jobs for commerce students in India.

To be a Product Manager, there are many online courses where you can learn product management and earn a certificate.

Roles and responsibilities of a Product Manager

  • Gathering, managing, and prioritizing market as well as customer requirements.
  • Observing the market and developing competitive analyses.
  • Creating a vision for a product.
  • Coordinating with engineering, sales, marketing, and support to see to it that business case, as well as customer satisfaction goals, are met.
  • Prioritizing product features and capabilities.

Skills required to be a Product Manager

  • Communication skills
  • Leadership quality
  • Knowledge of data interpretation and analysis
  • Business skills
  • Strategic Management
  • Research skills
  • Analytical skills
  • Critical thinking
  • Problem-solving skills
  • Technical writing skills
  • Understanding of web development
  • Time management.

2. Chartered Accountant (CA)

Chartered Accountants manage the finances of their organizations by handling money management. and providing financial advice.

The demand for CAs is quite high in almost every country by finance companies, banks, auditing or legal firms, etc. It takes about 5 years to complete the course so dedication is a must. CA is one of the highest-paid commerce jobs in India.

There are three main Chartered Accountant exams that one must clear to be a skilled CA, which are-

  • CPT (Common Proficiency Test)
  • IPCC (Integrated Professional Competence Course)
  • FC (Final course).

Bear in mind that interested candidates will have to go through CA eligibility criteria set up by the  Institute of Chartered Accountants of India (ICAI) to check whether they will be eligible to join Chartered Accountancy courses.

Roles and responsibilities of a Chartered Accountant (CA)

  • Preparing monthly financial reports.
  • Reviewing and releasing banking payments done online.
  • Managing accounting team.
  • Administering accounting systems and processes.
  • Handling income statements and tax returns.
  • Advising clients regarding areas of business improvement, or dealing with insolvency
  • detect and prevent fraud.
  • Maintaining records of investments.
  • Controlling data of the general register.

Skills required to be a Chartered Accountant (CA)

  • Communication skills
  • Problem-solving skills
  • Basic knowledge of the ins and outs of business
  • Interpersonal skills
  • Organizational skills
  • Time management]
  • Methodical approach
  • IT skills
  • Analytical skills
  • Problem-solving skills
  • Numeracy
  • Leadership skills
  • Teamwork
  • Presentation skills.

Read More: Highest paying government jobs in India

3. Company Secretary

A Company Secretary is a person who ensures the company stays in compliance with regulatory and statutory requirements. A company secretary is another important mention to our list of best careers in commerce in India as this job profile offers a high salary package and promising opportunities.

To become a CS, one can join the 8-month long Institute of Company Secretaries in India (ICSI) Foundation course, followed by the Intermediate Course and lastly, the Final Course.

During and after the completion of these courses, candidates will have to go through short-term training programmes. They will then be eligible as Associate Company Secretary, which is a necessary requirement towards becoming a Company Secretary.

Roles and responsibilities of a Company Secretary

  • Managing board and committee meeting logistics.
  • Attending and recording minutes of board and committee meetings.
  • Advising the Board regarding roles and responsibilities.
  • Maintaining important corporate documents and records.
  • Handling any legal filings of the corporation like tax obligations, etc.
  • Handling regulatory and legal compliance.
  • Executing authorities’ decisions.

Skills required to be a Company Secretary

  • Communication skills
  • Time management
  • Planning skills
  • Attention to details
  • Expertise in company law
  • Multi-tasking skills
  • Interpersonal skills
  • Financial analytical skills
  • Assertiveness.

4. Certified Public Accountant (CPA)

A Certified Public Accountant (CPA) is a professional in the field of accounting who has earned her CPA designation by clearing the CPA examination, has done educational training to meet state licensing requirements in various countries. It is one of the best commerce stream jobs which can give you financial security.

Gone are the days when Indian CPA candidates had to travel to the USA or the Middle East to take their CPA exam. Thanks to the successful testing of the CPA exam in India in 2020, the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) have agreed to continue CPA Exam testing from January 1, 2021.

In a 12-month long course offered by Miles Education, there are 4 parts of the CPA exams-

  1. Financial Accounting & Reporting
  2. Auditing & Attestation
  3. Regulation and
  4. Business Environment & Concepts.

Roles and responsibilities of a Certified Public Accountant (CPA)

  • Handling the accounts of clients.
  • Reporting, taxes.
  • Auditing process for the company or client.
  • Advising clients on the right monetary decisions when required.
  • Writing and maintaining ongoing reports.
  • Preparing, organizing, updating, and reviewing all financial records.

Skills required to be a Certified Public Accountant (CPA)

  • Ability to keep abreast of the latest tax laws and mandates
  • Communication skills
  • Presentation skills
  • Technical skills
  • Emotional intelligence
  • Leadership skills
  • Organizational skills
  • Analytical skills
  • Expertise in accounting and reporting
  • Keen attention to detail.

5. Certified Management Accountant (CMA)

A Certified Management Accountant specializes in financial management and reporting for corporations. A Certified Management Accountant certification credential, which indicates that the professional with this certificate has knowledge of financial planning, analysis, control, decision support, etc in this area. It is one of the most popular commerce stream jobs in India.

Interested candidates should meet certain requirements set up by the Institute of Management Accountants in order to take the CMA exams-

  • They must be bachelor’s degree holders.
  • They must have at least two years of experience in financial management or management accounting.

A CMA is one of the highest-paid commerce jobs. Candidates must clear two parts of the CMA certification exam, which focus on Financial Reporting, Planning, Performance, and Control (Part 1), and Financial Decision Making (Part 2).

Roles and responsibilities of a Certified Management Accountant (CMA)

  • Supervising accounting staff.
  • Shopping opportunities for investment.
  • Analyzing internal and external risks of the client.
  • Drawing up financial statements and reports for the controller’s department.
  • Planning and maintaining budgets.

Skills required to be a Certified Management Accountant (CMA)

  • Organizational skills
  • Communication skills
  • Detail-oriented
  • Analytical
  • Problem-solving skills
  • Basic knowledge of business
  • Accounting skills
  • Knowledge in Generally Accepted Accounting Principles (GAAP)
  • Leadership skills.

6. Digital Marketing Manager

A Digital Marketing Manager is a professional who implements, supervises, and manages digital marketing strategies for an organization in order to increase brand awareness and get a wider reach.

As many businesses have shifted towards the digital world, the demand for Digital Marketing Managers is rising higher and higher which makes this one of the most lucrative careers in commerce.

There are many online Digital Marketing courses interested candidates could join. Some of the important topics covered in a digital marketing course are:

  1. SEO (Search Engine Optimisation)
  2. Copywriting
  3. Email Marketing
  4. YouTube Marketing
  5. Social Media Marketing
  6. LinkedIn Marketing
  7. App Marketing
  8. WordPress
  9. Google Adwords
  10. Facebook ads
  11. Market Research and
  12. Google Analytics.

These are all the areas where you will need to develop and polish your skills to be a successful Digital Marketing Manager.

Roles and responsibilities of a Digital Marketing Manager

  • Overseeing and managing the task of each member of the digital marketing team.
  • Hiring the right candidates to join the digital marketing team for the success of the organization’s marketing campaigns.
  • Conceiving, implementing, and executing marketing campaigns.
  • Collaborating with other department managers such as one in the finance department to set and stay within budget.
  • Keeping abreast of the latest digital marketing trends.

Skills required to be a Digital Marketing Manager

  • Communication skills
  • Writing skills
  • Leadership skills
  • Time-management
  • Deep understanding of website metrics and best practices
  • Innovative and creativity
  • Strategic thinking
  • Ability to work under pressure
  • Data analysis
  • SEO and SEM Skills
  • Editing skills
  • Email marketing skills
  • Customer Relationship Management (CRM) skills
  • Expertise in social media platforms, metrics, and marketing
  • Advertising skills
  • Basic designing skills.

7. Event Manager

An Event Manager is a professional who plans, organizes, and oversees business and social events to promote an organization and its products.

Although one doesn’t necessarily need to be a college graduate to be an Event Manager becomes employers will focus more on your skills, creativity, and experience, having a bachelor’s or diploma degree will open more doors for you to these well-paying commerce jobs in India.

Roles and responsibilities of an Event Manager

  • Conceiving, implementing, and overseeing event plans and concepts
  • Planning an event that meets the requirement stated by the client.
  • Staying on budget and keeping track of invoices.
  • Creating an effective event marketing campaign.
  • Obtaining permits.
  • Keeping senior management in the loop regarding all steps taken.
  • Developing event feedback surveys.
  • Making post-event reports.

Skills required to be an Event Manager

  • Communication skills
  • Budgeting skills
  • Planning skills
  • Organizational  skills
  • Interpersonal skills
  • Leadership skills
  • Time management
  • Creativity
  • Marketing skills
  • Flexibility
  • Ability to stay calm under pressure
  • Problem-solving
  • Decision-making skills.

8. Hotel Manager

A Hotel Manager is the person who manages hotel employees, oversees the hotel’s daily operation, and ensures guests enjoy their stay.

47% of hotel management students complete their Bachelor’s to get a job as a hotel manager, while 28% of students do diploma courses and certificate courses in Hotel management. A hotel manager job is one of the highest salary commerce jobs in India.

Interested candidates can join online or offline certificate, diploma, bachelor, or even master’s Hotel Management courses.

Roles and responsibilities of a Hotel Manager

  • Training and managing hotel employees such as hostesses, kitchen staff, receptionists, front desk executives, and other employees.
  • Maintaining records of expenses, budgets, and funds.
  • Welcoming guests and ensuring their stays are pleasant.
  • Handling statistical and financial records.
  • Planning events and room bookings.
  • Creating and implementing marketing strategies to promote the hotel’s services and amenities.
  • Ensuring health and safety rules are in order and implemented.
  • Assigning funds to departments.
  • Handling customer complaints and queries.

Skills required to be a Hotel Manager

  • Communication skills
  • Budgeting skills
  • People skills
  • Leadership skills
  • Numeracy
  • Attention to detail
  • Organizational skills
  • Team building
  • Customer service skills
  • Business skills
  • Decision-making skills
  • Friendly and positive personality
  • Patience
  • Professionalism.

9. Human Resource Manager

A Human Resources Manager is a person who screens, hires, trains, and oversees new staff for a hotel. He/she serves as a link between the heads/executives and the employees of the hotel.

For an interested candidate to become a Human Resources Manager, he must have a bachelor’s degree in Human Resources or its related fields such as business management, education, finance, or information technology.

The chances of becoming a Human Resource Manager are hired for those who have experience in HR roles such as a recruiter. A human resource career is undoubtedly a highly promising course after 12th commerce with a high salary.

One can also earn Human resources certification if he/she meets industry standards set up by a third-party organization that checks the candidate’s knowledge and experience.

Roles and responsibilities of a Human Resource Manager

  • Screening, interviewing, recruiting, and overseeing new employees for all departments.
  • Ensuring employees follow rules and regulations and company policy.
  • Terminating employees when situations call for.
  • Conducting timely performance evaluations.
  • Implementing strategic compensation plan.
  • Investigating and resolving workplace issues.

Skills required to be a Human Resource Manager

  • Communication skills
  • Interpersonal skills
  • Organizational skills
  • Leadership skills
  • Conflict resolution skills
  • Negotiating skills
  • Analytical skills
  • Problem-solving skills
  • Knowledge of employment-related laws and regulations
  • Basic computer skills
  • Patience
  • Understanding
  • Knowledge of Human Resources Information Software (HRIS)
  • Teamwork.

10. Retail Manager

One of the emerging careers and often listed among the highest-paying jobs for commerce in India, a Retail Manager is a person responsible for oversees and manages the day-to-day operations of a retail store.

There are many routes that can be taken to be a Retail Manager. The two most common ways are- 

  • The shortcut is to have a degree in Business Administration or its related field along with the right skill sets.
  • Climbing the ladder of success is another way to go. This means that you will have to start from the bottom and gradually reach the top through promotions.

Roles and responsibilities of a Retail Manager

  • Screening, interviewing, hiring, training, and managing staff for the store.
  • Handling budgets and maintaining financial records.
  • Handling customer queries and complaints.
  • Supervising pricing and stock control.
  • Ensuring to meet sales targets.
  • Ensuring health and safety rules are in order and implemented.
  • Ideating marketing campaigns for promotional purposes.
  • Coordinating with the head office.

Skills required to be a Retail Manager

  • Communication skills
  • Interpersonal skills
  • Organizational skills
  • Leadership skills
  • Conflict resolution skills
  • Negotiating skills
  • Analytical skills
  • Problem-solving skills
  • Basic computer skills
  • Patience
  • Understanding
  • Accounting and finance
  • Marketing skills
  • Multi-tasking skills
  • Team player
  • Sales experience.

Climbing the Ladder of Success

These are the top 10 highest-paying jobs in India for commerce students. Do bear in mind that the above-mentioned professions are not entry-level jobs. Unless you know people in high places or you have the required qualifications and certifications, you will have to start from the bottom and gradually reach the top. These high-salary commerce jobs provide good financial security as well.

For instance, let’s say you want to be a Retail Manager. You will have to start by taking on an entry-level job in the industry, which will likely be as a sales executive. The longer your experience there and the better your performance, you quill be given more responsibilities, such as training new employees or acting as a supervisor when required. This will increase your chance of getting further in your career.

Once management sees your potential and dedication, and as long as you have all the skills required, there is no reason why they wouldn’t want to promote you to a Floor Manager. This brings you closer to becoming the Assistant Floor Manager, which is only one step away from becoming the HeadRetail Manager.

So, you see, you cannot depend on your qualifications alone to be at the top. Hard work, determination, and dedication are the qualities that will take you to the top.

FAQs

Q1. Which field is best after 12th commerce?

Some of the best and top bachelors courses after class 12th commerce for students are Bachelor of Commerce (B. Com), Bachelor of Economics (BE), Bachelor of Accounting and Finance (BAF), Bachelor of Commerce in Banking and Insurance (BBI), Bachelor of Commerce in Financial Market (BFM). There are various commerce career options such as Marketing, Finance, Human Resources, Accounting, or Business Administration among others.

Q2. What are the top commerce career options for commerce students to pursue?

The top commerce career options for commerce students to pursue are Bachelors of Commerce (B.com), Bachelors of Law (LLB), Cost and Management Accountant (CMA), Chartered Accountancy (CA), Bachelors of Business Administration (BBA), Company Secretary (CS), Certified of Financial Planner (CFP), Bachelor of Economics, and Journalism & Mass Communication.

Q3. What are the highest paying jobs after 12th commerce?

Some of the highest-paying commerce jobs after 12th commerce in India are Product Manager, Chartered Accountant, Company Secretary, Certified Public Accountant, Certified Management Accountant, Digital Marketing Manager, Event Manager, Hotel Manager, Human Resource Manager, and Retail Manager.

We hope this article on the highest salary jobs in India for commerce students helps in guiding you towards your dream job.

We will leave you here with our best wishes.

Good luck!

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Tags: , , , , , , , , Last modified: October 7, 2021
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