Top 20 Highest Paid Jobs in India in Commerce Field [A Complete Report]

Did You Know? The ICAI estimates that there will be a need for around 30 lakh chartered accountants in the next 20-25 years!

The commerce field in India offers several high-paying jobs, with Management Consultants earning an average of ₹24 lakhs per year. Currently, over 44 lakh students are pursuing commerce, with 47.2% females and 52.8% males. As industries grow, businesses need skilled professionals to manage finances and marketing. This demand increases as companies seek expertise for efficiency and growth.

This blog will explore the top career options in commerce, their salaries, and the sectors offering the best opportunities.

Top 20 Highest Paid Jobs in India in Commerce Field

A career in commerce can lead to financial stability and high earning potential with a wide array of job opportunities available. From Financial Analysts to Data Scientists, the possibilities are vast, and each position offers attractive salary packages. 

As you explore the career options in commerce with salary, you'll see how best jobs for commerce students provide both professional fulfillment and long-term financial rewards. 

Major benefits include:

In this blog, let us explore the best jobs for commerce students, along with the attractive salaries that come with them. 

Here’s a table summarizing which field in commerce has highest salary:

Let us now have a look at each of these jobs in detail.

Job 1: Management Consultant

Average Annual Salary: ₹24 Lakhs

Role Description:

Management consultants help businesses improve efficiency and solve complex problems. They offer strategic advice to enhance performance.

Skills Required:

• Analytical Thinking: Assess business challenges and data.
• Problem-Solving: Find practical solutions for businesses.
• Communication: Convey ideas clearly to clients.
• Strategic Planning: Develop long-term strategies.

Why It’s High Paying:

Management consultants offer expert advice to businesses, helping them improve performance and solve complex problems. Their insights lead to organizational growth, making their expertise highly compensated.

Job 2: Risk Manager

Average Annual Salary: ₹22.9 Lakhs

Role Description:

Risk managers assess and manage financial risks to prevent potential losses. They create strategies to protect businesses from economic or market volatility.

Skills Required:

• Risk Analysis: Assess potential risks that could affect a business.
• Decision-Making: Make informed decisions to mitigate risks.
• Financial Modeling: Build models to predict financial outcomes.
• Problem-Solving: Develop strategies to address emerging risks.

Why It’s High Paying:

The rising need for businesses to manage financial risks effectively drives the demand for skilled risk managers. Their ability to prevent major losses makes them highly compensated.

Job 3: Product Manager

Average Annual Salary: ₹22 Lakhs

Role Description:

Product managers lead product development from inception to launch, ensuring market fit and profitability. They work across teams to deliver successful products.

Skills Required:

• Project Management: Oversee product development timelines and tasks.
• Market Research: Analyze consumer needs and market trends.
• Leadership: Lead cross-functional teams and coordinate efforts.
• Communication: Ensure effective communication between stakeholders.

Why It’s High Paying:

Product managers are responsible for ensuring a product’s success in the market. Their strategic decisions directly influence a company’s revenue, making their role crucial and highly compensated, especially in senior positions.

Job 4: Project Manager

Average Annual Salary: ₹15 Lakhs

Role Description:

Project managers oversee projects from start to finish. They ensure deadlines, budgets, and quality standards are met.

Skills Required:

• Project Planning: Create work schedules and plans.
• Team Management: Coordinate tasks among team members.
• Budget Management: Control project finances.
• Risk Analysis: Identify and manage risks.

Why It’s High Paying:
Project managers ensure the timely and successful delivery of projects, which directly influences a company’s performance. Their ability to lead teams and manage resources effectively makes them crucial and commands high salaries.

Job 5: Marketing Manager

Average Annual Salary: ₹12 Lakhs

Role Description:

Marketing managers design strategies to promote products, oversee campaigns, and manage marketing budgets. They lead marketing teams, identify customer needs, and develop strategies to increase sales and brand visibility.

Skills Required:

• Strategic Thinking: Develop long-term marketing strategies.
• Brand Management: Oversee the company’s branding and positioning.
• Leadership: Lead and inspire marketing teams.
• Digital Marketing: Use online channels to drive sales and brand awareness.

Why It’s High Paying:

Marketing managers drive business growth through strategic marketing efforts. Their role in boosting sales and expanding market reach makes them highly valued in the commerce sector.

Job 6: Data Scientist

Average Salary: ₹12 Lakhs per year

Role Description:

Data scientists analyze large datasets to extract insights that help businesses make informed decisions. They work with complex algorithms and statistical models to uncover trends.

Skills Required:

• Statistical Analysis: Analyze and interpret complex data sets.
• Programming: Write code to build models and analyze data.
• Machine Learning: Use algorithms to predict future trends.
• Data Visualization: Present data insights in a clear and understandable way.

Why It’s High Paying:

With the explosion of big data, businesses need skilled data scientists to drive decisions. Their ability to convert data into actionable insights places them among the highest-paid professionals in the field.

Job 7: Brand Manager

Average Annual Salary: ₹12 Lakhs

Role Description:

Brand managers develop strategies to promote and enhance a brand’s presence in the market. They focus on creating brand awareness.

Skills Required:

• Brand Strategy: Plan and implement brand growth.
• Market Research: Analyze consumer behavior and trends.
• Marketing Communication: Craft messages that resonate with the audience.
• Creativity: Develop innovative marketing campaigns.

Why It’s High Paying:

Brand managers shape a company’s image and marketing strategy, directly impacting revenue and growth. Their ability to create effective brand strategies results in high salaries due to the significant value they bring to organizations.

Job 8: Investment Banker

Average Annual Salary: ₹11 Lakhs

Role Description:

Investment bankers assist in raising capital, managing assets, and advising on mergers and acquisitions. They help businesses with financial strategies and investments to maximize profits and growth. They work with high-stakes financial deals and large-scale transactions.

Skills Required:

• Financial Modeling: Create detailed financial projections.
• Valuation: Assess the value of companies and assets.
• Analysis: Analyze market trends and investment opportunities.
• Negotiation: Handle complex financial negotiations.

Why It’s High Paying:

Investment bankers work on high-value deals, directly impacting the financial success of clients. Their role in large corporate transactions makes them one of the top earners in the finance sector.

Job 9: Actuary

Average Annual Salary: ₹10 Lakhs

Role Description:

Actuaries evaluate risks in insurance, finance, and pensions, using mathematics and statistics to predict future events and mitigate financial uncertainty.

Skills Required:

• Risk Assessment: Analyze potential risks and financial uncertainties.
• Statistics: Use statistical techniques to evaluate data and forecast outcomes.
• Financial Modeling: Build models to predict the financial impact of various events.
• Analytical Skills: Analyze complex data to make informed decisions.

Why It’s High Paying:

Actuaries possess specialized skills in risk assessment, making them highly sought after in industries like insurance and finance. Their ability to predict financial risks ensures a lucrative salary.

Job 10: Portfolio Manager

Average Annual Salary: ₹9 Lakhs

Role Description:

Portfolio managers are responsible for managing investments and strategies for clients or institutions. They ensure optimal asset allocation.

Skills Required:

• Investment Analysis: Evaluate investment opportunities.
• Portfolio Management: Oversee and adjust client portfolios.
• Risk Management: Minimize risks in investments.
• Client Relations: Maintain strong client relationships.

Why It’s High Paying:

Portfolio managers oversee large-scale investments and create strategies to maximize returns. Their role in managing substantial assets makes them critical to a company’s financial success, earning them top salaries.

Job 11: Digital Marketing Manager

Average Annual Salary: ₹8 Lakhs

Role Description:

Digital marketing managers develop strategies to promote products and services online, enhancing brand visibility and driving sales through digital channels.

Skills Required:

• SEO: Optimize web content to rank higher on search engines.
• SEM: Manage paid advertising campaigns to drive traffic.
• Content Marketing: Create content strategies to engage audiences.
• Data Analytics: Analyze metrics to assess campaign success.
• Social Media Management: Manage online presence across platforms.

Why It’s High Paying:

With the rise of online marketing, businesses heavily invest in digital marketing. These roles are crucial for driving brand success, leading to competitive salaries in the commerce field.

Job 12: Business Analyst

Average Annual Salary: ₹8 Lakhs

Role Description:

Business analysts evaluate processes, identify inefficiencies, and implement solutions to help companies grow and improve performance.

Skills Required:

• Analytical Thinking: Assess and interpret business data for insights.
• Communication: Communicate findings clearly to stakeholders.
• Project Management: Oversee projects and ensure smooth implementation.
• Problem-Solving: Identify challenges and devise solutions to address them.

Why It’s High Paying:

Business analysts are essential in improving business efficiency and decision-making. Their ability to identify areas for improvement and streamline operations directly impacts profitability, making them valuable assets to organizations.

Job 13: Corporate Lawyer

Average Annual Salary: ₹8 Lakhs

Role Description:

Corporate lawyers advise on business transactions, including mergers, acquisitions, and intellectual property. They ensure legal compliance.

Skills Required:

• Legal Research: Understand relevant laws for businesses.
• Negotiation: Handle legal negotiations for businesses.
• Corporate Law Expertise: Knowledge of business law.
• Contract Management: Draft and review contracts.

Why It’s High Paying:

Corporate lawyers handle intricate legal matters for businesses, such as mergers, intellectual property, and corporate governance. Their specialized knowledge in corporate law makes them highly sought after, resulting in competitive salaries.

Job 14: Private Equity Associate

Average Annual Salary: ₹8 Lakhs

Role Description:

Private equity associates support firms in managing investments and portfolios of private companies. They assist in evaluating potential deals.

Skills Required:

• Financial Analysis: Assess the financial health of businesses.
• Deal Sourcing: Identify investment opportunities.
• Negotiation: Manage deal terms and conditions.
• Financial Modeling: Build models to forecast investment performance.

Why It’s High Paying:

Private equity associates manage investments and financial portfolios for firms, playing a key role in high-value deals. Their specialized knowledge in managing large investments results in high earnings.

Job 15: Company Secretary (CS)

Average Annual Salary: ₹8 Lakhs

Role Description:

A Company Secretary ensures compliance with legal regulations, corporate governance, and ensures smooth corporate operations. They manage shareholder relations, oversee board meetings, and ensure the company adheres to all regulatory requirements.

Skills Required:

• Legal Knowledge: Understanding of corporate law and compliance.
• Governance: Maintain governance standards and best practices.
• Communication: Effective in reporting to the board and stakeholders.
• Financial Management: Oversee financial governance and reporting.

Why It’s High Paying:

The growing complexity of corporate regulations makes CS professionals vital. Their expertise in legal and governance matters, coupled with high demand, ensures they receive competitive salaries.

Job 16: Chartered Accountant (CA)

Average Annual Salary: ₹7 Lakhs

Role Description:

A Chartered Accountant handles financial reporting, tax planning, audits, and compliance. They ensure accurate financial statements, manage budgets, and provide strategic financial advice. CAs also oversee business transactions and regulatory compliance.

Skills Required:

• Financial Reporting: Prepare and analyze financial statements.
• Taxation: Knowledge of tax laws and planning.
• Audit: Conduct audits to ensure compliance and accuracy.
• Accounting Systems: Proficiency in tools like Tally or SAP.
• Analytical Skills: Ability to identify financial issues and propose solutions.

Why It’s High Paying:

CAs are essential in ensuring financial accuracy and regulatory compliance, making them highly valuable. Their expertise in taxes, audits, and financial planning is in high demand across industries, driving up salaries. Senior roles, such as CFO or financial consultant, offer higher earnings.

Job 17: Financial Analyst

Average Annual Salary: ₹6 Lakhs

Role Description:

Financial analysts evaluate financial data, market trends, and performance to assist businesses in making informed investment decisions. They support financial planning and forecasting, providing insights to improve financial outcomes.

Skills Required:

• Financial Analysis: Evaluate financial data and trends.
• Forecasting: Predict future financial performance.
• Budgeting: Assist in financial planning and budget management.
• Excel: Advanced proficiency for data analysis.

Why It’s High Paying:

Financial analysts provide critical insights for decision-making, making them key players in corporate strategy. Their ability to impact financial decisions ensures higher compensation.

Job 18: Tax Consultant

Average Annual Salary: ₹6 Lakhs

Role Description:

Tax consultants manage tax liabilities and ensure compliance with laws. They advise businesses and individuals on tax strategies.

Skills Required:

• Taxation Laws: Understand tax frameworks and regulations.
• Financial Advisory: Provide strategies to reduce tax burdens.
• Legal Knowledge: Deep understanding of tax laws.
• Communication: Explain complex tax topics clearly.

Why It’s High Paying:

Tax consultants help individuals and businesses navigate complex tax regulations and optimize financial strategies. Their expertise in tax planning and compliance makes them indispensable, driving high demand and compensation.

Job 19: Financial Planner

Average Annual Salary: ₹4 Lakhs

Role Description:

Financial planners help manage investments and plan for retirement. They guide clients on making sound financial decisions.

Skills Required:

• Investment Knowledge: Expertise in investment options.
• Financial Analysis: Analyze financial data for planning.
• Communication: Explain financial concepts clearly.
• Customer Service: Build long-term client relationships.

Why It’s High Paying:

Financial planners guide individuals and businesses in managing their finances and investments. With the increasing demand for sound financial advice, their expertise is highly valued, offering attractive compensation, especially as they advance in their careers.

Job 20: Financial Auditor

Average Annual Salary: ₹4 Lakhs

Role Description:

Financial auditors review financial records and ensure compliance with laws. They provide assurance on the accuracy of financial statements.

Skills Required:

• Accounting: Ensure accurate financial documentation.
• Auditing: Conduct reviews and assessments of records.
• Financial Reporting: Create reports for stakeholders.
• Attention to Detail: Spot errors or discrepancies in records.

Why It’s High Paying:

Financial auditors ensure compliance and financial accuracy, making them vital in maintaining transparency and trust. Their expertise in auditing and regulatory requirements drives high demand and competitive pay.

These are some of the highest paying jobs available for students in the commerce field. To enhance your chances of getting a good job, here are some tips and techniques.

Tips to Land High-Paying Jobs in Commerce

When it comes to securing a high salary job in the commerce stream, gaining the right experience and continuously improving your skillset are essential. 

Below are some practical tips that can guide you to land a high paying jobs in commerce and make your way into the commerce field. 

1. Gain the Experience

Experience is the foundation of most high-paying jobs in commerce. Whether through internships or entry-level roles, hands-on learning is crucial.

• Internships or Part-time Roles: Apply for internships or entry-level positions in finance, accounting, or marketing to gain practical exposure.
• Take on Diverse Projects: Participate in different projects that offer exposure to various aspects of the industry, such as tax filing, financial analysis, or data analysis.
• Seek Mentorship: Find mentors who can provide guidance, helping you navigate your career and expand your skills.
• Track Your Achievements: Keep a record of your accomplishments in each role, which will help when applying for future opportunities.

2. Pursue Relevant Certifications

Industry-recognized certifications validate your expertise and boost your credibility, making you stand out to employers.

• Chartered Financial Analyst (CFA): Highly regarded in investment banking, portfolio management, and financial analysis.
• Certified Public Accountant (CPA): Ideal for those pursuing careers in accounting or auditing.
• Certified Accounting Technician (CAT): Offers a solid foundation in financial accounting, widely recognized across industries.
• Financial Modeling & Analysis: Courses in financial modeling can give you an edge in roles like investment banking, corporate finance, and consulting.
• Regulatory Certifications: Stay competitive with certifications in financial regulations or taxation, which are valuable for senior finance roles.

3. Network with Industry Professionals

Building a professional network is key to discovering new opportunities and gaining industry insights.

• Use LinkedIn Effectively: Connect with professionals, join relevant groups, and share insightful content to stay visible.
• Attend Industry Events: Participate in finance or commerce conferences and webinars to meet industry leaders and stay updated on emerging trends.
• Join Professional Associations: Becoming a member of industry bodies like ICAI (Institute of Chartered Accountants of India) can give access to exclusive networking opportunities.
• Seek Informational Interviews: Reach out to senior professionals in the industry to learn about their career path and gain advice on entering high-paying roles.
• Engage in Online Communities: Join commerce-related discussion groups or forums to exchange knowledge and gain recommendations for job openings.

4. Stay Updated on Current Trends

Keeping up-to-date with industry shifts ensures that you remain competitive and relevant in a constantly evolving field.

• Follow Emerging Technologies: Learn about developments in fintech, artificial intelligence in finance, or blockchain, which are transforming the commerce industry.
• Understand Regulatory Changes: Stay informed about changes in financial regulations, such as GST or new accounting standards, to remain compliant and competitive.
• Monitor Market Trends: Regularly read industry reports, articles, and news to understand market shifts in sectors like banking, investment, and insurance.
• Enhance Technical Skills: Learn new software or tools, such as advanced Excel techniques, R, or Python, for financial analysis and reporting.
• Enroll in Continuous Education Programs: Participate in online courses or workshops related to emerging fields like digital marketing or data analytics to diversify your skill set.

Following these tips will help you enhance your skill set and increase the chances of getting a high-paying job.

Conclusion

The commerce field offers strong career opportunities, with roles in finance, marketing, accounting, and management offering salaries that can exceed ₹20 Lakh annually, depending on experience and industry. By developing key skills like financial analysis, strategic thinking, and digital marketing, you can move into higher-paying positions. 

upGrad’s courses in finance, business strategy, and data analysis will help you build the practical skills needed to succeed in these roles.

Top courses include:

• MBA in Business and Law from O.P.Jindal Global University
• Economics Masterclass
• Financial Analysis
• Accounting Fundamentals
• Data Science in E-commerce

Ready to land a high-paying role in the commerce field? Connect with upGrad’s counselors for personalized guidance. Start learning the skills that will set you apart in this lucrative field. Visit your nearest upGrad career centre today!

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