Top 10 highest paying jobs for commerce graduates in India-2024
BlogDec 30, 2023
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Business graduates in India are offered high-paying career opportunities tailoring to their financial and analytical skills. Let us explore the top 10 highest-paying jobs for business graduates, with powerful data for pay scales and pay schedules.
Chartered Accountants in India enjoy attractive salaries, with salaries ranging from Rs 6 to Rs 30 lakh per annum depending on experience and expertise. CA executives at prestigious institutions can command high-quality offers, making it one of the most financially rewarding careers for commercial graduates.
The treasurer is one of the highest bidders in the economy. Starting salaries can start as low as Rs 10 million per annum and go up to millions for experienced professionals, especially those handling high-level projects and mergers.
Actuaries analyse financial risks and are highly regarded in the insurance and pensions industry. The salary for actuaries usually starts from Rs 6 lakh per annum and can go up to Rs 20 lakh depending on experience and professional credentials.
The demand for data scientists has increased, resulting in competitive salaries. Entry-level data scientists can earn between Rs 6 and 10 lakh, while experienced professionals with advanced skills can command packages of over Rs 20 lakh per annum
Investment bankers are among the top earners in the financial sector. Entry-level salaries can start at INR 10 lakhs per annum and may escalate to several crores for experienced professionals, particularly those handling high-profile transactions and mergers.
Actuaries analyse financial risks and are highly valued in insurance and pension industries. Salaries for actuaries typically start at INR 6 lakhs per annum and can reach up to INR 20 lakhs or more with experience and professional certifications.
Management consultants advising businesses on strategic improvements often earn substantial salaries. Entry-level consultants can expect packages starting at INR 8 to 12 lakhs, with experienced consultants earning well above INR 20 lakhs per annum.
CFAs specialising in investment management are well-compensated. Salaries for CFAs range from INR 7 to 20 lakhs for entry-level positions, increasing significantly for seasoned professionals managing substantial investment portfolios.
Company secretaries ensuring corporate compliance are valued in the corporate sector. Salaries for CS professionals vary but typically range from INR 5 to 15 lakhs per annum, with experienced CS officers commanding higher packages.
Financial analysts evaluating financial data are in demand in sectors like banking and finance. Entry-level financial analysts can earn around INR 5 to 8 lakhs, while experienced professionals may command salaries exceeding INR 15 lakhs per annum.
Economists analysing economic trends and policies earn competitive salaries. Entry-level economists may start at around INR 5 to 10 lakhs, with experienced economists in senior roles earning packages exceeding INR 20 lakhs per annum.
With the growth of e-commerce and global trade, supply chain managers play a crucial role. Salaries for supply chain managers typically range from INR 7 to 20 lakhs, with experience and industry demand influencing higher packages.
In the commencement of an enthralling career as a commerce graduate, It is essential to consider factors such as job satisfaction, growth opportunities, and work-life balance. Other factors like salary and pay scale are only secondary when it comes to career advancement. Continuous skill development, professional certifications, and staying updated on industry trends are essential for maximizing earning potential in these dynamic and financially rewarding fields.
Commerce graduates are in demand in various fields depending upon the productivity that they are supposed to showcase to bring back good turn over in commercial enterprises as well as in various other job prospects . These are key areas where commerce students discover demand:
Accounting and Finance:
Commerce graduates have great demand in Businesses and corporations that require professional accountants and finance professionals to manage their monetary operations, put together statements, and ensure compliance with guidelines.
Business Administration:
Graduates with a background in commercial enterprise management are apt for managerial roles, which include positions in operations, and human resources.
Marketing and Sales:
Companies price trade students with expertise in marketing and income. With the rise of digital advertising and marketing, there may be a demand for commerce graduates who understand e-trade, social media marketing, and records analysis.
Entrepreneurship:
Commerce graduates that choose entrepreneurial direction get qualification enough for their abilities to work with corporations. They acquire skills essential to innovate, take risks, and recognize marketplace trends is vital in entrepreneurial endeavours that exist within an enterprise.
Data Analytics and Business Intelligence:
Graduates of commerce that are well versed in commercial enterprise decision making are in greater demand as they have capabilities to inform the industry about ongoing information in analytics locating diverse possibilities in development of the firm.
International Business:
There is global demand for people with information on worldwide commercial enterprise practices, move-cultural communication, and global marketplace trends.
Supply Chain Management:
Commerce graduates focusing on supply chain control can play a vital position in optimising logistics, managing stock, and ensuring green supply chain operations for companies.
Risk Management and Compliance:
Given the growing recognition of chance control and regulatory compliance, there is a complete demand for commerce professionals who can help businesses navigate complex regulatory environments and mitigate dangers.
E-trade and Technology:
The growth of online enterprise has created a demand for individuals who meet competencies in e-commerce, digital structures, and technology in various roles such as in online retail, digital bills, and tech-pushed enterprise solutions.
Specialisation: Commerce graduates have an opportunity to Choose a specialised area within commerce offered by Amrita AHEAD Online M.Com program, focusing on high-demand fields such as finance, analytics, or international business as part of initiatives to progress in one’s career.
Skill Development: Next is to acquire specific skills in the already chosen specialisation, utilising the program’s resources and online tools for hands-on learning.
Networking: Engage with Amrita AHEAD Online’s professional network, participate in virtual events, and leverage online platforms to connect with industry professionals for a fruitful future.
Internships or Projects: Seek virtual internships or practical projects facilitated by the program to gain real-world experience and enhance your resume to get hired by firms soon after your studies.
Certifications: Explore additional certifications aligned with your specialisation to boost your credibility in the job market to be ready to take up any responsibility in the enterprise that you will be hired later.
Resume Optimization: Craft a compelling resume that highlights your Amrita AHEAD Online M.Com education, specialisation, practical skills, and any relevant projects or internships to get yourself placed in a very innovative and competitive environment.
Online Presence: Maintain an active and professional online presence, utilising platforms to the fullest like LinkedIn to showcase your academic achievements, skills, and networking efforts and to go in par with the innovations that the enterprises undergo
Continuous Learning: Stay updated on industry trends and emerging technologies through Amrita AHEAD Online’s resources and additional online courses to remain competitive.
Job Search Strategy: Utilise multiple channels for job searching, including online portals, company websites, and networking connections.
Negotiation Skills: Develop effective negotiation skills, researching industry salary standards, and confidently negotiating salary and benefits during job offers.
Yes, many commerce graduates choose to pursue advanced degrees like Master of Business Administration (MBA) to enhance their career prospects and gain specialised knowledge in a specific area of business.
Commerce programs often update their curriculum to reflect current industry trends and technological advancements. This ensures that graduates are well-prepared to face the challenges of the rapidly evolving business landscape.
Yes, many commerce programs incorporate internships, practical projects, or co-op experiences to provide students with real-world exposure. This hands-on experience is valuable in applying theoretical knowledge to practical situations.
Commerce programs often organise networking events, career fairs, and guest lectures by industry professionals. These opportunities allow students to connect with potential employers and gain insights into various industries
Commerce graduates often find opportunities to work internationally, especially in multinational corporations, where their understanding of global markets and business practices is highly valued.
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