Are you interested in exploring career options in the commerce stream?
Commerce is a vast field that provides ample career opportunities in various industries. Some of the most popular career paths in commerce include accounting and finance, marketing, and human resources.
However, with so many options available, it can be challenging to determine where to start.
That’s why we’ve created this listicle blog, which provides an overview of the scope of commerce careers and covers a commerce jobs list and salary overview.
In this blog, we’ll talk briefly about each career option, including job descriptions, earnings, and responsibilities, to help you make an informed decision about your future and get one step closer to finding your dream job in commerce!
So without further ado, let’s dive into the list!
Best Career Options in Commerce for Students
We’ll explore career options in commerce with and without math, covering a variety of industries and job types. So, whether you’re a numbers whiz or not, keep reading to find your perfect fit in the world of commerce!
Career Options In Commerce With Maths
Are you interested in pursuing a career in commerce with a strong background in mathematics? The scope for commerce with math is vast and diverse, providing numerous opportunities for those with a love for numbers. Here are some of the most promising career options in commerce with math.
1. Chartered Accountant (CA)
A chartered accountant (CA) is a prestigious and in-demand profession in the business world. CAs manage financial accounts and records, prepare tax returns, provide financial advice, and conduct financial audits. They are an indispensable asset in the industry because they play a critical role in ensuring financial compliance for businesses and individuals.
Role and responsibilities of a Chartered Accountant (CA):
- Manage financial accounts and records
- Prepare tax returns and ensure compliance
- Provide financial advice and strategic insights
- Take part in decision-making processes.
- Conduct financial audits and assessments
- Stay up-to-date with changes in tax laws and regulations
- Collaborate with other financial professionals.
Salary Range:
In CA profession with an annual starting salary ranging from INR 5-8 lakhs. With experience, the salary can range between INR 15 and 32 lakhs per year. Chartered Accountants can earn extra money by consulting, freelancing, teaching, and so on. Source: Ambitionbox
2. Financial Analyst
Financial analysts are experts who look at financial data and give advice to businesses, individuals, and organizations like investment banks, insurance companies, mutual funds, hedge funds, pension funds, securities firms, and government agencies. They conduct market research, develop financial models, and make recommendations based on their analysis.
Job Role and Responsibilities:
- Financial data analysis and financial model development
- Researching trends and potential investment opportunities
- Making financial analysis-based recommendations
- Financial report and presentation preparation
- Sharing financial information with stakeholders
- Providing investment advice to individuals, businesses, and organizations
Salary:
The average salary for a Financial Analyst in India is INR 3-12 lakhs per year, with the potential to earn up to INR 15-20 lakhs per year with experience. Source: Ambitionbox
3. Investment Banker
Investment bankers are professionals who help businesses, governments, and other groups do complex financial transactions like acquisitions, mergers, and raising money by selling securities, etc. Because the job is exciting, fast-paced, and financially rewarding, it is a popular choice for those interested in finance, and one of the best career options for commerce students. The future looks bright for investment bankers, as demand for their services is expected to rise in the coming years.
Role & Responsibilities
- Giving clients financial advice
- Creating and sustaining client relationships
- conducting company and industry research
- Financial data analysis and financial model development
- Financial report and presentation preparation
- Mergers and acquisitions, initial public offerings (IPOs), and other financial transactions are facilitated.
Note* Keep in mind that these duties may be different for each role and level of experience in the field of investment banking.
Salary:
The average salary for an Investment Banker in India is INR 8-15 lakhs per annum, with the potential to earn up to INR 17-35 lakhs per annum with experience. Source: Ambitionbox
4. Actuary
An actuary or Risk Manager is a professional who uses mathematical models and statistical methods to look at financial risk and figure out how to handle it.In the coming years, there will likely be more need for actuaries because financial transactions and government rules are getting more complicated.Actuaries are employed in a variety of industries, including insurance, finance, and consulting.
Role and Responsibilities:
- Financial risk assessment for businesses and organizations
- Developing mathematical models and employing statistical analysis to forecast future events
- Creating and executing financial strategies
- Providing risk management and financial planning advice
- Complex financial data interpretation and communication to stakeholders
- Keeping abreast of industry regulations and trends
Salary:
The average annual salary for an actuary in India is INR 5–12 lakhs, with the opportunity to earn up to INR 30 lakhs
5. Tax Examiner:
Tax examiners are responsible for tax returns and making sure they are correct and follow all tax laws and rules. They may work for the government or private companies, helping clients with their taxes. Tax examiners can work in various industries, including finance, accounting, and consulting.
Role and Responsibilities:
- Examining tax returns for accuracy and regulatory compliance
- Communicating with taxpayers or their representatives to obtain additional information or to resolve disagreements
- calculating tax liabilities and auditing tax returns to ensure compliance
- Updating and maintaining taxpayer data in databases and systems
- Giving taxpayers advice on tax issues and answering their questions
Salary:
A tax examiner’s annual salary in India is INR 4-6 lakhs, with the potential to earn up to INR 12 lakhs with experience.
6. Statistician
A statistician is a professional who uses math and statistics to collect, analyze, and make sense of data. They work in areas such as government, healthcare, education, market research, and finance, making it one of the best commerce stream jobs. Statisticians have a bright future on the job market, thanks to an increase in demand for data analysis.
Role and Responsibilities:
- Data collection and analysis using mathematical and statistical methods
- Methods for collecting data are being developed and tested.
- The development of statistical models and algorithms
- Sharing observations with stakeholders
- Experiment and survey design
- Assuring the accuracy and completeness of data
- Recognizing patterns and trends in data
Salary:
A statistician’s average annual salary in India is INR 4-8 lakhs, with the potential to earn up to INR 20 lakhs with experience.
7. Operations Research Analyst
An operations research analyst is a professional who solves hard business problems by using mathematical modeling, statistical analysis, and data mining.They work for a wide range of industries, including manufacturing, logistics, healthcare, and finance. With the increase in demand for data-driven decision-making, the future scope for operations research analysts looks promising.
Role and Responsibilities:
- Data analysis to identify patterns and trends
- Creating mathematical models and algorithms to aid in the optimization of business processes
- Simulation research and sensitivity analysis
- Designing and implementing solutions in collaboration with teams
- Sharing results and suggestions with stakeholders
Salary:
The average annual salary for an Operations Research Analyst in India is INR 4-7 lakhs, with the potential to earn up to INR 15 lakhs with experience.
8. Cost Accountant
A cost accountant is a professional who specializes in cost accounting and is in charge of maintaining and analyzing the cost of goods or services produced. They work for a wide range of organizations, including manufacturers, service industries, and government agencies, and this profession is one of the best jobs for commerce students. The future looks bright for cost accountants, as demand for their services is expected to rise in the coming years.
Role and Responsibilities:
- Conducting cost analysis to determine production costs
- Creating cost-control systems
- Keeping cost accounting records
- Budgeting and financial reporting
- Financial data analysis to improve profitability
- Finding cost-cutting opportunities
- Developing pricing strategies in collaboration with other departments
- Ensure accounting regulations are followed.
Salary:
A Cost Accountant’s annual salary in India is INR 3-6 lakhs, with the potential to earn up to INR 14 lakhs approx with experience.
9. Management Consultant
A management consultant is a professional who gives businesses, organizations, and government agencies expert advice on how to improve their performance and efficiency. They provide services such as organizational structure analysis, strategy development, and change implementation to achieve desired results. Consultants in management often work with a wide range of businesses and organizations, such as small businesses, large corporations, and government agencies. Management consulting has a bright future because businesses and organizations are always looking for ways to get better and stay competitive.
Role and Responsibilities:
- Researching business issues and opportunities
- Creating plans to boost productivity
- Facilitating organizational changes and initiatives
- advising clients on business issues
- Working with clients and teammates to achieve project goals
- Making client presentations and reports
Salary:
Management consultants in India earn INR 7-10 lakhs per year, with the potential to earn INR 20 lakhs with experience.
10. Economist
Economists are experts who study and analyze economic issues and trends so that they can make suggestions about different economic initiatives. They work for government agencies, research firms, consulting firms, financial institutions, and other organizations. It is one of the best highest salary jobs for commerce students. A bachelor’s or master’s degree in economics is usually required, and some economists may go on to pursue a Ph.D. for advanced research positions.
Role and Responsibilities:
- Conducting economic research and analysis in order to make policy recommendations
- Making economic models to predict trends and outcomes
- Data collection and interpretation to identify patterns and trends
- Presentations and reports are used to communicate insights to higher authorities.
- Providing economic advice to clients and policymakers
Salary:
An Economist’s average annual salary in India is INR 8-14 lakhs, with the potential to earn up to INR 50 lakhs with experience. Source: Ambitionbox
11. Insurance Underwriter
Insurance underwriters are trained professionals who look at the risk of giving people or businesses insurance coverage.They look at data and information to figure out how likely a loss is and what the right premium should be.In the future, insurance underwriting is likely to grow, which will give people interested in this field a lot of job opportunities.A bachelor’s degree in finance, business, or a closely related field is required.
Role and Responsibilities:
- Assessing and analyzing insurance applications in order to determine risk
- Premiums are set based on risk analysis.
- Creating and implementing underwriting policies
- Obtaining information from clients and agents through communication
- Keeping abreast of industry trends and regulations
Salary:
The average salary for an insurance underwriter in India is INR 5-8 lakhs per annum, with the potential to earn up to INR 20 lakhs per annum with experience.
12. Real Estate Appraiser
A real estate appraiser is a professional who determines the worth of real estate. They provide accurate and unbiased estimates of property values for a variety of purposes including sales, loans, and tax assessments. In the future, there will be more opportunities in this field because the real estate market is growing and more industries will need appraisals.Appraisers may work for appraisal companies, real estate agencies, or government agencies.
Role and Responsibilities:
- Inspecting and analyzing properties in order to determine their worth
- Market research and analysis to determine property values
- Creating written property valuation reports
- Keeping appraisal and related information records
- Client communication to discuss property values and appraisal results
Salary:
The average annual salary for a Real Estate Appraiser in India is INR 4-7 lakhs, with the opportunity to earn up to INR 15 lakhs with experience.
13. Business Analyst
A business analyst is a professional who analyzes business operations, identifies problems, and develops solutions to improve them. They work in various industries, such as finance, technology, healthcare, and retail. The future looks bright for business analysts as organizations continue to seek ways to improve their operations and become more efficient.
Role and Responsibilities:
- gathering and analyzing business requirements
- Developing and implementing solutions to improve business operations
- Conducting market research and identifying trends
- Collaborating with cross-functional teams
- Creating project plans and timelines
- Presenting findings and recommendations to stakeholders
Salary:
The average salary for a business analyst in India is INR 4-10 lakhs per annum, with the potential to earn up to INR 20 lakhs per annum with experience.
14. Supply Chain Analyst
A supply chain analyst is in charge of improving the efficiency and effectiveness of a company’s supply chain processes, from raw material sourcing to finished product delivery. They analyze data, identify areas for improvement, and create solutions to boost productivity and cut costs. With the increasing complexity of supply chain operations, supply chain analysts are in high demand across industries such as manufacturing, retail, and logistics.
Role and Responsibilities:
- Supply chain data analysis
- Process optimization and cost reduction
- Supply chain optimization strategies
- Working with suppliers and stakeholders to improve supply chain performance
- Tracking supply chain KPIs (KPIs)
- Researching industry trends and best practices
- Supply chain management software and technology improve operations.
Salary:
The average salary for a supply chain analyst in India is around INR 5-8 lakhs per annum, with experienced professionals earning up to INR 15-20 lakhs per annum. The salary may vary depending on the industry,
15. Data Analyst
A data analyst is a professional who collects, processes, and runs statistical analyses on large datasets using a variety of tools and technologies to gain insights and make good business decisions.With the importance of making decisions based on data growing, the roles of data analysts are becoming more important in many fields.They can work in a variety of industries, including finance, healthcare, e-commerce, marketing, and others.
Role and Responsibilities:
- Large dataset collection and interpretation
- Developing algorithms and data models
- Data analysis to identify patterns and trends
- Creating reports and visualizations to share findings and recommendations
- Working with other teams to understand the needs and requirements of the business
- Monitoring and improving data quality on an ongoing basis
Salary:
A data analyst’s annual salary in India is around INR 4-8 lakhs, with experienced professionals earning up to INR 15-20 lakhs. Salary levels may differ depending on the industry, company, and location.
16. Personal Financial Advisor
A Personal Financial Advisor is a professional who assists people with financial planning, investment decisions, and other related issues. They are employed in a variety of workplaces, including banks, investment firms, insurance companies, and self-employment. With the growing demand for financial planning, the future of this profession looks bright.
Role and Responsibilities:
- Financial planning for clients
- Client-specific investment strategies and portfolios
- Researching and analyzing financial products and investment options
- Helping clients prepare taxes
- Monitoring financial regulations and market conditions
- Long-term client relationships
Salary:
The average annual salary for a Personal Financial Advisor in India is INR 4-8 lakhs, with the opportunity to earn up to INR 18-25 lakhs with experience.
17. Certified Management Accountant (CMA)
Certified Management Accountants (CMAs) are experts in accounting, financial analysis, and business strategy who work in the field of financial management.Accounting and finance knowledge, critical thinking and analysis, detail and accuracy, and other skills are required for this profession. They work in a variety of industries and can assist businesses in making data-driven decisions. CMAs will have plenty of opportunities in the future, with a projected 15% growth rate for financial managers from 2019 to 2029.
Role and Responsibilities:
- Create financial plans and budgets for businesses.
- Analyze financial data and prepare management reports
- Ensure that financial regulations and laws are followed.
- Find cost-cutting opportunities.
- Provide financial strategy and business decisions to management.
Salary:
In India, the average salary for a Certified Management Accountant is around 4-9 lakhs per year, with experienced professionals earning upto 12-22 lakhs per year.
18. Treasury Analyst
A Treasury Analyst is a financial professional who specializes in managing the financial assets and liabilities of a company. They are responsible for ensuring that the company has enough cash on hand to meet its financial obligations, while also maximizing returns on excess cash. In India, Treasury Analysts typically work in large corporations, banks, or financial institutions. Future opportunities for Treasury Analysts are strong, with the growing need for financial management in the corporate sector. Skills required for the role include financial analysis, risk management, communication, and proficiency in financial software and tools.
Role and Responsibilities:
- Manage cash flow to guarantee funds when needed.
- Implement financial strategies to reduce risk and maximize returns.
- Assess investment opportunities
- Analyze financial data for management reports and forecasts.
- Maintain banking and financial relationships.
- Comply with financial laws.
Salary:
The average Treasury Analyst salary in India is INR 6-8 lakhs, with experienced professionals earning up to INR 15 lakhs.
19. Credit Analyst
A Credit Analyst is a financial professional who evaluates and assesses individuals, businesses, and organizations’ creditworthiness. They examine financial data to assess the risk of lending money or extending credit. They typically work in banks, credit unions, or other financial institutions.
Role and Responsibilities:
- Assess individuals and organizations’ creditworthiness
- Financial analysis and credit reports
- Assess credit risk and advise.
- Negotiate loan terms and conditions
- Monitor credit and payment trends
- Inform management of credit recommendations.
Salary:
The average salary for a Credit Analyst in India is around INR 4,50,000 per year, with experienced professionals earning up to INR 7 – 18 lakhs per year.
20. Cost Estimation Engineer
A cost estimator is a professional who specializes in project or product cost estimation. They work in a variety of fields, including construction, manufacturing, and engineering. Cost estimators work for businesses of all sizes, from small businesses to large corporations. They must be analytically strong and detail-oriented.
Role and Responsibilities:
- Examine the project’s requirements and specifications.
- Calculate the costs of materials, labor, and other resources.
- Create budget reports and cost projections.
- Project feasibility and profitability are assessed.
- Collaboration with other departments is required to ensure cost accuracy.
- Monitor project costs and make adjustments as needed.
Salary:
The average annual salary for a Cost Estimator in India is around INR 5,00,000, with experienced professionals earning more than INR 10,00,000.
Career Options In Commerce Without Math
Are you interested in pursuing a career in commerce stream but struggle with math? Don’t worry, there are plenty of options available to you. Now, we’ll explore a list of career options in commerce that do not require advanced math skills. Let’s start.
21. Human Resource Management
A human resources manager is a professional who oversees a company’s or organization’s employment and administrative functions. They work with employees of all levels, from entry-level employees to top executives, and are in charge of a variety of tasks such as employee benefit plans, employment-related incentives, and so on. Human resource management is expected to expand in the coming years as more businesses recognize the importance of investing in their employees.
Role and Responsibilities:
- New employee recruitment and hiring
- New hire orientation and onboarding
- Employee Benefits and Compensation Management
- Managing employee relations and resolving conflicts
- Ensuring that labor laws and regulations are followed
- Creating and carrying out employee training and development programs
- Managing employee evaluations and performance
- Keeping track of employee records and information
Salary:
The average annual salary for a Human Resources Manager in India is INR 6-10 lakhs, with the opportunity to earn up to INR 20 lakhs with experience.
22. Sales Manager
A sales manager is in charge of leading a sales team to meet sales and revenue targets. They identify prospective customers, create sales strategies, and track performance metrics. Sales managers can find work in a variety of industries, including retail, pharmaceuticals, and technology.
Role and Responsibilities:
- Sales strategies and goals
- Motivating salespeople to meet goals
- Finding new clients and business opportunities
- Researching market trends and opportunities
- Sales reports and forecasts
- Maintaining strong customer-partner relationships
- Working with other departments to streamline operations and satisfy customers
Salary:
The average salary for a Sales Manager in India is INR 5-15 lakhs per annum, with the potential to earn up to INR 30 lakhs per annum with experience.
23. Budget Analyst
Budget analysts are experts who help businesses and organizations make and manage their financial plans.They look at financial data, make budget reports, and make suggestions about financial planning and how resources should be used. Because of the high demand for skilled professionals in this field, this career path is a popular choice for those interested in finance.
Role and Responsibilities:
- Examining and analyzing financial data, as well as preparing reports
- Creating and carrying out budgets and financial policies
- Giving financial advice and direction to management
- Budget and financial performance monitoring
- Making financial projections and forecasts
- Evaluating program and project proposals for financial feasibility
Salary:
The average annual salary for a Budget Analyst in India is INR 4-6 lakhs, with the opportunity to earn up to INR 10 lakhs with experience.
24. Stockbroker
A stockbroker is a financial professional who buys and sells securities on behalf of individuals or institutions. They work in brokerage firms and are essential to the financial industry. Stockbrokers have a bright future because demand for their services is expected to increase in the coming years.
Role and Responsibilities:
- Advise and trade for clients.
- To invest wisely, study market trends and financial data.
- Customer service is key to client retention.
- Adjust client investment portfolios to meet financial goals.
- Follow financial market developments and regulations.
Salary:
A stockbroker’s average annual salary in India is INR 3-7 lakhs, with the potential to earn up to INR 15 lakhs approx with experience.
Summary:
Lastly, people who are interested in finance, accounting, economics, and business can choose from a number of careers in the field of commerce.There are chances to grow and move up in many different fields, from entry-level jobs to management positions at the top.
This article has discussed the overview, roles and responsibilities, and salary expectations for 24 different commerce career options.
We hope that this guide has given you useful information about the different types of commerce stream jobs you can do in this field and that it will help you make smart decisions about your future career.
We would love to hear from you! If you have any questions or comments about the article, or if you want to share your own experience with any of these career options in commerce, please feel free to leave a comment below.
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FAQs
Is commerce a good stream?
Yes, commerce is a good stream that offers a wide range of career options in finance, business, accounting, and more.
Can a commerce student become a pilot?
No, to become a pilot, a student needs to have a background in science with subjects such as Physics, Chemistry, and Mathematics.
Can commerce students apply for NDA?
Yes, a commerce student can apply for NDA, but they will need to meet the eligibility criteria for the exam, which includes passing 10+2 with Physics and Mathematics.
Can commerce students do BTech?
Yes, a commerce student can pursue a BTech degree in certain fields such as information technology, computer science, and more.
Can commerce students join the merchant navy?
No, to join the merchant navy, a student needs to have a background in science with subjects such as Physics, Chemistry, and Mathematics.
Can commerce students do data science?
Yes, a commerce student can pursue data science as a career option by learning programming languages such as Python and R and acquiring data analytics skills.
Can commerce students do architecture?
No, to pursue architecture, a student needs to have a background in science with subjects such as Physics, Chemistry, and Mathematics.
Can a commerce student become a doctor?
No, to become a doctor, a student needs to have a background in science with subjects such as Physics, Chemistry, and Biology.