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Top 10 Highest Paid Jobs in India in Commerce Field [A Complete Report]

Top 10 Highest Paid Jobs in India in Commerce Field [A Complete Report]

Edited By Team Careers360 | Updated on Mar 15, 2024 11:17 AM IST

There are a plethora of highest paid jobs in India in the commerce field. In India, we follow a rigid structure where the various fields are divided into three: Science, Commerce, and Humanities. While these are all indirectly related, we tend to believe that only those with a certain level of education get the most opportunities.

Top 10 Highest Paid Jobs in India in Commerce Field [A Complete Report]
Top 10 Highest Paid Jobs in India in Commerce Field [A Complete Report]

The top two factors that determine the highest paying jobs in India for commerce students are salary and job satisfaction. Both of these are related to different aspects of a person's life, such as their psychological state and work environment. The salary factor is also very important to a person's highest paying job in commerce. If the pay is good, then you will be more willing to work extra hours and provide additional work.

Both salary and job satisfaction are important factors that ensure a comfortable life. There are plenty of highest paid jobs in India in the commerce field in India that cater to the needs of commerce students. Career guidance is also provided for commerce students in India. There are numerous courses that cater to the needs of students and provide them with the highest paying jobs in the commerce field in India.

Some of the top profiles and their average annual salaries are listed in the table below:

JobSalary

Chartered Accountant (CA)

Rs. 6-7 lakhs per year

Investment Banker

Rs. 9-10 lakhs per year

Marketing Manager

Rs. 6-7 lakhs per year

Chartered Financial Analyst (CFA)

Rs. 12 lakhs per year

Human Resource Manager

Rs. 7-15 Lakhs per year

Actuary

Rs. 10-14 lakhs per year

Certified Public Accountant (CPA)

Rs. 7-9 lakhs per year

Business Accountant and Taxation

Rs. 6-7 lakhs per year

Cost Accountant

Rs. 4 lakhs per year

Personal Financial Advisor

Rs. 3-5 Lakhs per year

Chief Executive Officer (CEO)

Rs. 24 Lakhs per year

Company Secretary

Rs. 6-7 lakhs per year

Research Analyst

Rs. 3-5 lakhs per year

Entrepreneur

Rs. 110-120 lakhs per year

Retail Manager

Rs. 5-6 lakhs per year

1. Chartered Accountant

If you are a Commerce professional, then you should know about the Chartered Accounting course, it is the best course for commerce students. CA is one of the highest paid jobs in India in the commerce field. The Institute of Chartered Accountants of India is a regulatory body that recognises individuals as chartered accountants. As chartered accountants, they can handle the company's financial affairs and provide accurate and timely reports.

Skills Required

Due to the nature of the course, many students fail to clear it. Therefore to become a successful chartered accountant and have the highest paid jobs in India for commerce students, one needs to have specific skills and knowledge.

  • Good candidates should have the necessary skills and analytical abilities to excel in statistics and accounting.

  • Most candidates should have experience working as interns or auditing.

  • They should also be able to make effective use of their analytical skills.

2. Marketing Manager

This job description describes a marketing manager job that involves handling the marketing of products for a company. Marketing manager is one of the highest paid jobs in India in the commerce field.

This job title works by working with various other individuals to plan, organise, and promote a company. Aside from working with various clients, marketing managers also use various media outlets to promote their businesses. There are numerous opportunities for people with a marketing background.

Skills Required

A successful marketing manager can expect a great deal from their job. In order to be successful, and have the highest paid jobs in India for commerce students, you will need to develop and implement effective strategies and techniques.

  • As marketing professionals need to have deep knowledge of the goods and services industry, they need to be innovative and have good communication skills.

  • The ideal candidate should be able to handle multiple facets of marketing.

  • They should also be able to develop effective methods and techniques.

Also Read: Online Human Resource Management Courses & Certifications

3. Human Resource Manager

A Human Resource Manager is responsible for the management of employees in a way that they work towards increasing the company's profit. This role involves hiring, interviewing, and recruiting new employees. Due to the increasing number of people wanting to work in this field, it has a wide scope. Looking for a career in Human Resource Management can be done through various master's degree programs. Many of these are geared toward the Business and Management sector. HR Managers are the highest paying jobs in the commerce field in India.

Skills Required

As a Human Resource Manager, you will need to complete a master's degree in Human Resource Management. This can be done through programs such as Human Resource Management. To have a highest paying jobs in India in the commerce field, students must have the following skills:

  • The ideal Human Resources Manager will have the ability to manage conflicts and develop effective communication skills.

  • He or she also needs to have strong leadership skills.

  • Human resources managers should also have the ability to develop and implement multiple activities.

4. Investment Banker

Students of commerce studies are known to deal with finances and can provide their customers with the best advice on how to manage their money. As an investment banker, you will be responsible for recommending and providing financial advice to different companies and individuals. Investment Bankers also have the highest paying jobs in the commerce field in India and is one of the best career in commerce.

Most of the time, an investment banker works in a financial institution to provide capital market advisory services to corporations and government institutions. Investment bankers help companies and organisations with their financial issues. They also help them with the pricing of various financial instruments. There are various investment banking courses that students can take to become a professional.

The help of an investment banker can help a company develop a long-term financial plan and a short-term financial strategy.

Skills Required

There are various skills and knowledge that an investment banker needs to have in order to become successful and have the highest paid jobs in India for commerce students.

  • Aside from having analytical skills, an investment banker also needs to have a great deal of knowledge in order to deal with a variety of figures.

  • Due to their work, investment bankers usually deal with high-profile individuals. This makes them require the skills to manage projects.

  • Each job at an investment bank is a priority for them, and they require strong managerial skills to successfully manage projects.

  • Investment bankers are also business executives, and managerial skills are very important for their success.

Also Read: The Complete Investment Banking - Courses

5. Chartered Financial Analyst

Chartered Financial Analyst is a highly sought-after job in India. It is one of the highest paid jobs in India in the commerce field in the country and its salary is around 7 lakhs per year. This job description describes the role of a CFA as an analyst who primarily focuses on wealth management, fixed-income analysis, and equity research.

To become a CFA, candidates must pass various levels of examinations under CFA courses covering different fields of study. Also, they must have a bachelor's degree along with at least 4 years of relevant work experience.

Financial analysts work for different types of firms such as banks, insurance companies, and securities firms. The job of a financial analyst is to identify and avoid bad investments. They collect data from various sources to analyse and make recommendations regarding the risks and returns associated with different types of investments.

Skills Required

A Chartered Financial Analyst is a person who studies the markets and provides their clients with suggestions on how to improve their financial positions. They also act as financial consultants for companies. In the industries where they work, they also act as financial consultants. Before they can become a successful financial analyst, they require various skills and knowledge. To have the highest paying jobs in India in the commerce field, students must have the following skills:

  • One of the most critical characteristics that a successful CFA should have is exceptional intellectual ability. This is also the reason why statistical and analytical skills are also required.

  • In order to be able to generate reports that are both accurate and compelling, a successful CFA must be able to communicate clearly.

  • Aside from having the necessary skills, candidates also need to have the capability to make sound financial decisions.

Also Read: Online Accountancy Courses & Certifications

6. Certified Public Accountant

A certified public accountant is responsible for the accounting and reporting of financial transactions for corporations, government institutions, and individuals. The salary for a certified public accountant is among the highest in the US. It is one of the highest paid jobs in India in the commerce field.

Aside from being able to provide accounting and financial advice, candidates should also have a deep understanding of corporate finance and taxation. The American Institute of CPAs (AICPA) provides the certification exam for public accountants.

A CPA is a person who provides accounting and taxation services to a wide range of clients. It's a great job for people who are concerned with financial security. To become a certified public accountant, you need to have a business or accounting degree. This job can pay around Rs.7-9 lakhs annually.

Skills Required

A successful public accountant has the knowledge and skills necessary to perform various tasks, such as analysing and reporting on an organisation's financial position. To become a successful public accountant, and have the highest paid jobs in India for commerce students, candidates must have the necessary skills and procedures in place.

  • Aside from having the necessary skills, a successful public accountant also has to have impeccable reporting and accounting procedures.

  • Aside from having the necessary skills, a successful public accountant also has to have knowledge of tax laws.

  • This is because being a certified public accountant is an individual who has the necessary knowledge and skills to handle various types of tax laws.

Also Read: Online Business And Management Courses & Certifications

7. Actuary

An actuary is someone who analyses and assesses the financial consequences of unforeseen events. They are experts in various math and statistical topics. This person uses their knowledge in various statistical and math fields to analyse and predict the financial consequences of unforeseen events. Actuaries have highest paying jobs in the commerce field in India.

Actuaries work in various industries such as hospitals, banks, and insurance firms. They are highly paid and are usually involved in managing financial risks. Actuaries work for organisations that deal with financial risks. Due to their specialised skills and knowledge, they are often quoted at high salaries.

Skill Required

Actuary Science is a demanding course and there are various skills that you will need to master in order to become a successful practitioner. The 13 papers in this course are very detailed and will take a lot of time to understand. To have the highest paying jobs in India in the commerce field, students must have the following skills:

  • In order to succeed in this course, you would need to have good analytical skills, good arithmetic abilities, and problem-solving skills.

  • Good analytical skills and good math skills are also necessary in order to successfully complete this course.

Also Read: Actuarial Science Courses, Subjects, Colleges

8. Cost Accountant

These professionals help manage the company's financial activities, such as expenses and performance evaluation. They also work with the executive team to improve the bottom line. This job involves preparing reports for various government and commercial organisations. For students with a high pay scale, becoming a cost accountant is a great career choice.

Cost accountants help organisations identify the cost of manufacturing a product or service and deliver it on time. They also look into the efficiency of various processes within a supply chain. The cost accountancy course involves gathering and validating data to improve processes and financial transparency. They play an important role in the development of a company's financial plan and report to various authorities.

Skills Required

A cost accountant is responsible for keeping a company's capital expenditures within budget. He or she also performs various tasks related to the organisation's operations to ensure that its financial plan is sound. To have a highest paid jobs in India for commerce students, they must have the following skills:

  • The ideal candidate has the necessary skills and experience to work as part of a team.

  • They should be fluent in both written and oral communication.

  • Aside from having the necessary technical skills, this individual should also be able to demonstrate a passion for working with people.

9. Retail Manager

A retail manager is a job that's usually considered among the highest-earning positions in the world. They handle the daily operations of a store. Retail Managers have the highest paid jobs in India in the commerce field. This job involves the management of various retail establishments such as hypermarkets and supermarkets. Aside from being able to manage and supervise stores, retail managers also have to have good customer service skills and a strong work ethic.

Retail managers are also involved in the management of supermarkets. This job requires a degree in Retail Management. Retail managers handle the various aspects of a store's operations, such as its sales, staff, and resources. They are expected to use effective marketing strategies to attract potential customers.

Skills Required:

To have the highest paying jobs in India in the commerce field, students must have the following skills:

  • The various skills and knowledge necessary to become a retail manager are those that allow people to interact with multiple clients and employees.

  • They must also develop effective branding techniques to attract potential customers and improve the visibility of their store.

  • To be successful in the retail industry, a person must have the necessary skills and knowledge to manage multiple clients and employees.

Also Read: Top Seven Skills That Retail Managers Should Have

10. Company Secretary

The duties of the company secretary are similar to those of the corporate compliance officer. They are focused on ensuring that the organisation is operating in accordance with the laws and regulations. As a member of the board, the company secretary acts as a facilitator between the board and the public. He or she is also responsible for the filing of annual reports and other legal documents for the corporation. Company secretaries have the highest paying jobs in the commerce field in India.

The corporate secretary is also an in-house legal professional who works to ensure that the organisation is following all the regulations and operating in a way that is in accordance with the law. As a consultant to the board of directors, the company secretary advises them on various topics such as financial management, business strategy, and conflict of interest issues. You can take up a formal company secretary course to learn all the aspects in depth.

Skills Required:

To have the highest paying jobs in India in commerce field, student must have following skills:

  • A successful Company Secretary knows how to manage multiple tasks and responsibilities.

  • This job requires a flexible mindset. It's one of the most critical skills a successful Company Secretary needs to have.

  • They should have good writing and visual communication skills.

  • They should also have deep knowledge of business rules and regulations.

Conclusion

Commerce streams can provide you with a secure financial future. There are a lot of highest paying jobs in commerce. If you are into commerce, then it can be a great career choice as it is the highest paid job in commerce. It involves working with various financial instruments and techniques. Several highest paying jobs in the commerce field in India that pay well have helped many commerce students lead a comfortable and wealthy life.

Frequently Asked Question (FAQs)

1. What are the career options in commerce?

Chartered Financial Analyst (CFA), Retail Manager, Entrepreneur, Research Analyst, Company Secretary, CEO, Chartered Accountant (CA), Investment Banker, and others. 


2. What is the highest paid jobs in commerce?

The the highest paid jobs in commerce are Actuary, Investment Banker, Budget Analyst, Company Secretary, CEO, Chartered Accountant (CA), Human Resource Manager, Product Manager, and others. 



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