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After high school, Commerce is one of the most popular graduation programs among students. But, how many of you have wondered what the career prospects are or how you can get the best commerce jobs after earning this degree?
Commerce is a career-focused degree that teaches students how to function in a business environment. As a result, the corporate sector accounts for the majority of commerce jobs. As these jobs pay well, you would surely be interested in learning more about them. So, let’s look at the 7 best jobs in the commerce stream.
#1. Investment Banker
A professional who is primarily responsible for generating funds for firms, governments, and other organizations is known as an Investment Banker.
Investment banking is a popular profession because of the high pay. However, it is also a challenging work profile. You’ll be working long hours and under a lot of stress. If you want to get into investment banking, you must have outstanding communication skills, both verbal and written, as well as exceptional number-crunching talents.
The annual salary range for Investment Bankers ranges from $125,000 to $250,000.
#2. Certified Public Accountant
Certified Public Accountants (CPA) provide financial statement audits and other attestation services. Their job is to assist investors in learning about the financial health of businesses and organizations. Additionally, they give individuals and families vital information about tax and financial planning.
They value lifelong learning and follow a stringent code of professional conduct that demands competence, objectivity, honesty, and independence.
The salary range for this profession is around $66,000 to $152,00 per annum, making it one of the best-paying commerce jobs.
#3. Chartered Financial Analyst (CFA)
CFA is regarded as one of the most prestigious financial services and management degrees and the apex in financing management and assessment. The CFA assesses and certifies financial analysts’ knowledge and integrity.
If you want to advance your career in finance, consider pursuing the CFA course and becoming a Chartered Financial Analyst.
The annual salary range for CFAs can be around $64,234 to $255,000.
#4. Research Analyst
This is one of the most sought-after commerce jobs. A research analyst is a professional who conducts research on securities or assets for internal or external clients.
These people investigate, evaluate, find, or update data, principles, and hypotheses for internal or external use by a financial institution or a customer. An analyst’s report often includes a review of public records of securities of firms or industries.
Research Analysts typically earn between $58,039 to $74,416 per annum.
#5. Cost Accountant
Cost accounting deals with a variety of expenses such as variable, fixed, and opportunity costs, among others. Manufacturing sectors and enterprises mostly employ Cost Accountants to determine a company’s total cost. Please note that it is not the same as financial accounting, even though it is a field of accounting.
Cost Accountants are in charge of gathering, evaluating, and sharing data to increase financial transparency and process efficiency. They are also responsible for starting the month-end closure and reporting operations and handing them over to management. They provide standard pricing for corporate activities like labor, shipping, manufacturing, and administration.
The salary for this profession can range between $53,992 to $91,856 per annum.
#6. Chartered Accountant (CA)
Chartered Accountants are in great demand since every individual or business needs financial management. As a CA, you have the option of working for a company or yourself, and you may provide your services to anybody who needs them. The responsibilities involve managing financial accounts, budgeting, auditing, corporate planning, taxation, etc.
To become a CA, you must pass several tests which might become burdensome. However, if you succeed, this occupation provides a rewarding career path and respectable compensation.
The annual salary range for CAs can be around $37,078 to $797,608.
#7. Company Secretary
A certified Company Secretary is assigned to oversee a firm’s legal affairs. They are in charge of guaranteeing the company’s seamless administration. With their talents and understanding of corporate law, a CS has the potential to take their organization to new heights.
They are in charge of filing tax returns, keeping records, advising the board of directors, and ensuring that the company follows all legal and statutory regulations. Consequently, this is one of the highest-paid commerce jobs!
The salary range for a CS is around $34,125 to $85,813 per annum.
So, there you have it – the top 7 highest-paying jobs for commerce students all featured in one place. Not only do these jobs pay well, but they also earn you respect among your peers. Commerce is the bedrock of any business, hence there is always a great demand for commerce graduates.
We hope that this list of the highest-paying commerce jobs in 2022 would help you make the right choice! If you have any questions/suggestions, feel free to reach out to us or drop a comment below.
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Q1. How do I determine which job suits me in the commerce field?
Answer- You should determine the career you are most suited for based on your skills and knowledge. Whatever it is that you choose, just love doing it and try to perfect it.
Q2. Which job pays the highest salary in the commerce field?
Answer- The C-level designations such as CEO or CFO are the highest paying job profiles in this field.
Q3. Is a Commerce degree beneficial in the long run?
Answer- Yes, absolutely. Commerce is the most popular stream among students across the world. If you choose commerce as your major, you will have a wide range of job opportunities. There are a variety of pathways with this degree that can lead to a successful life.