Top 10 Highest-Paid Jobs in Commerce Field
Have you chosen commerce after the 10th? Are you thinking about the scope of your career in the commerce field? But you only know about a few. In this segment, you learn about the top 10 highest-paid jobs in the commerce field.
Studying and then earning a great pay package is the dream of every student. For this, you must know about the highest paid jobs apart from regular jobs. Whereas, commerce is a very common education stream after the 10th. And, this is a gateway to high-paying professions. Let’s see the top 10 highest-paid jobs in commerce field.
List of Top 10 highest paid jobs in commerce field:
1. Chartered Accountant (CA):
A CA is a person who oversees the matters related to the accounting and taxation of a business. The work includes tax returns, audit finance, financial accounting, and reporting, evaluating financial reports of investment.
However, the average starting salary of a CA is INR 6-7 lakh per annum. It is among the top 10 highest-paid jobs in commerce field. To ace in the field, a student must have good knowledge of statistics and accounting.
2. Marketing Manager:
This job is among the top 10 highest paid jobs in commerce field. Marketing managers supervise the marketing sector of products in a company. Their overall job is to plan, estimate, organize, and stimulate businesses.
Whereas, the starting salary of a marketing manager is around INR 6-7 Lakhs per annum. Subsequently, it can go up to INR 22 lakhs. They use advertising and public relations to maximize sales.
3. Investment Banker:
They look closely at financial institutions and upgrade capital for a company. Investment bankers give financial recommendations to the companies. Also, they tend to reach a financial mission.
The average salary of an investment banker is INR 9-10 lakhs. Candidates must have strong skills and project management. They also work as business executives. However, they have to deal with a lot of figures.
4. Human Resource Manager:
This job is highly picked amongst the top 10 highest paid jobs in commerce field. The HR manager put forward strategic planning towards managing the firm’s employees. They recruit, interview, and hire new employees in the company.
Indeed, an HR manager’s starting salary is INR 6-7 lakhs per annum. To get this job you need to pursue an MBA in HR management. You need to develop good communication skills to ace in this field.
5. Chartered Financial Analyst (CFA):
They tend to perform analyses of returns and risks, collect data, prepare financial models, etc. Chartered financial analysts maintain the accounts and look after the financial structure of an organization.
Their average salary of CFA is INR 12 Lakhs per annum. Furthermore, they tend to have exceptional intellectual ability which is the most critical part of their work. They also have to generate readable, graphic, and informative reports.
6. Certified Public Accountant (CPA):
A CPA tends to handle the accounting, taxes, reporting, and audit process for corporations. This exam is administered by AICPA (American Institute of Certified Public Accountants). Moreover, they should have in-depth experience in finance and corporate management.
Subsequently, the average salary of the CPA is INR 7-9 lakh per annum. Also, they need to have good organizational knowledge and leadership skills.
An actuary needs to have extensive knowledge of statistics, economics, statistics with in-depth research of the insurance industry. It is one of the highest-paid jobs in the US. Also, they tend to calculate and analyze the financial consequences of risks.
However, the average salary of an actuary is INR 10-14 lakh per annum. You need to achieve competencies in arithmetic or statistics. Also, candidates need to gain analytical skills and problem-solving skills.
8. Cost Accountant:
They are responsible for performance evaluation, budgeting, cost, and asset management with the organization. Furthermore, they are part of the executive team. Cost accountant works to minimize financial waste in a company.
Whereas, cost accountant’s annual salary is nearly INR 4 lakhs. They prepare financial documents of stockholders, creditors, and authorities. Also, they need to have strong verbal and written communication skills.
9. Business Accountant and Taxation:
These accountants work in the fields of taxation and finance. Business accountants and taxation experts work in the department of accounts, MIS, taxation, and reporting. Candidates need to pursue BAT course, Diploma in Taxation, or Tally course.
However, the average salary of a business accountant and taxation expert is INR 6-7 lakh per annum. Also, they need to know accounting software packages. Additionally, they should gain expertise in analytics and time control.
10. Retail Manager:
A retail manager is one of the emerging careers in the commerce field. Also, they need contact with the clients and look after the staff and their requirements. Candidates need to gain customer service and communication skills.
However, the average salary of a retail manager is INR 5-6 lakhs per annum. Also, they are told to interact with multiple clients. Whereas, they look after branding capabilities to help them build visibility of the retail shop.
Above mentioned job profiles are the top 10 highest-paid jobs in commerce field. Each one of them requires different levels of dedication and diligence. Also, these 10 jobs are highly picked in the US.
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