Top 10 Careers in Commerce
Dinesh Goyal, 30 Oct 2019

Top 10 Careers in Commerce - While doing 12th or Graduation in commerce, most of the students are faced with a common question “What is the scope of Commerce?”. Due to lack of knowledge about top careers in commerce, students choose some other stream instead of their interest. Such students should know that Commerce is a wider stream with the number of career opportunities and jobs. Here, we have provided top 10 careers in commerce which are paid better and have better scope. The minimum criteria for careers in commerce is class 12th passed in commerce stream with good marks. Candidates can get a salary of Rs. 1.5 lakh to Rs. 20 lakh in the following careers in commerce stream. Go through the entire article to know about the top 10 careers in commerce along with job scope, salary details, etc.

Top 10 Careers in Commerce

Career

Required Skills

Starting Salary* (per annum)

Accountant

  • Knowledge of accounting, statutory payments, profit and loss etc.

  • Analysis skills

  • Good command over Accounting software

  • Communication and negotiation skills

Rs. 1.3 Lakh to Rs. 5.8 lakh

Financial Analyst and Advisor

  • Financial analysis and Forecasting

  • Portfolio Management

  • Financial modelling and reporting

  • Investment planning and management

  • Customer Relationship Management

Rs. 2 lakh to Rs. 10 lakh

Investment Banking Analyst

  • Financial Modeling and Analysis

  • Banking Knowledge

  • Investment Management

  • Good analytical skills

Rs. 3 lakh to Rs. 10 lakh

Chartered Accountant

  • Financial analysis and reporting

  • Budget Management

  • Evaluation and Auditing

  • Tax Consulting

  • Account Management

Rs. 4 lakh to Rs. 20 lakh

Company Secretary

  • Administrative skills

  • Commercial and Legal Awareness

  • Interpersonal and Communication Skills

  • Planning Skills

  • Corporate Communications

Rs. 4 lakh to Rs. 20 lakh

Human Resources

  • Good communication and interpersonal skills

  • Management skills

  • Negotiation skills

  • Employee relations

  • Performance Management

Rs. 3 lakh to Rs. 10 lakh

Tax Auditor and Consultant

  • Tax Preparation

  • Auditing

  • Risk management and control

  • Mathematical and analytical skills

  • Problem-solving skills

Rs. 2.3 lakh to Rs. 10 lakh

Event Manager

  • Managerial Skills

  • Good communication and Interpersonal skills

  • Good negotiation and marketing skills

  • Customer Service

Rs. 2 lakh to Rs. 8 lakh

Government Jobs/Banking Jobs

  • Good Aptitude skills

  • Strong Knowledge of Current Affairs, GS, History, etc.

  • Mathematical skills

Rs. 3 lakh to Rs. 5 lakh

Entrepreneur

  • Communication

  • Managerial skills

  • Creativity and strategy thinking

  • Leadership

  • Risk Taking

Rs. 2 lakh to Rs. 10 lakh

*refers to estimated salary which can vary on the basis of various parameters.

1. Accountant

This the most common career among the careers in commerce. An accountant is responsible to keep records of financial transactions, produce sales and cash-flow reports, keeping inventory etc. An accountant may also file tax of a company and review past year reports. Good mathematical and analytical skills can help you to be a good accountant. A number of jobs are available for accountants as every company needs at least one accountant to handle the business transaction.

Required Educational Qualification: Bachelor's degree in Commerce and knowledge of professional or industry accounting

How to become an accountant?

  • Learn tally and another new course to learn professional or industrial accounting which helps teaches about GST, Business accounting, computerized accounting, etc.

  • Most of the companies do not hire a candidate immediately after completing graduation. So you should have the practical knowledge to apply for big firms. You can work under any Chartered accountant (CA).

Top Employers: Deloitte, Sachin Gujar & Associates (SGA), Ernst & Young, KPMG, PwC

Further Careers:

  • Senior Accountant

  • Accounting Manager

  • Chief financial officer (CFO)

2. Financial Analyst and Advisor

Financial analyst and Financial advisors are different than each other however they provide similar services i.e. market analysis. These are the best careers among the careers in commerce for the candidates who want to analyze the market to make a decision. Financial advisor advises the company which kind of investments can improve their financial situation. While Financial analyst is responsible to research market trends, analyze the financial situation and prepare investment related reports. These reports prepared by Financial analysts assist a company or firm to invest in the right direction.

Required Educational Qualification: Bachelor’s Degree in Finance, Accounting, Business

How to make a career as a Financial Analyst and Advisor?

  • Complete a Bachelor's degree in Finance, Accounting or business from a reputed college.

  • Complete an on-job training for a year or more to have some practical knowledge.

  • Earn professional certification in financial planning such as Certified Financial Planner (CFP) certification which adds value in qualifications of a financial advisor and analyst.

Top Employers: Bajaj Capital Limited, B. T. S. Investment Advisors Limited, Go 4 Advisory Services and more.

Careers as an Investment Banker

  • Senior Financial advisor

  • Certified Financial Planner (CFP)

  • Research analyst

3. Investment Banking Analyst

Investment Banking analyst analyzes the market situation and financial to help their clients to take effective decision related to investment. They decide what investments should be replaced to meet goals. Many jobs are available for Investment Banking Analysts in Banks, finance companies, etc to make careers in commerce.

Required Educational Qualification: Bachelor’s Degree in Commerce

How to get a Job as an Investment Banking Analyst?

  • During graduation, aspirants can apply for an internship in a company to have practical knowledge. This is the first step to make a good career in commerce.

  • After completing a Bachelor's degree, aspirants can get an offer of a full-time job as an Investment Banking analyst.

  • They can also open their consultancy to practise with investment and finance to guide people.

  • The Salary and designation are increased as per employee’s performance and experience.

Top Employers: Axis Bank Ltd., HDFC Bank Ltd., Ernst & Young, KPMG and other private Banking and Finance companies.

Further Careers: After analyst, aspirants may get promoted to the following designation in investment banking:

  • Associate Analyst

  • Vice President

  • Director

4. Chartered Accountant

This is one of the most reputed and prestigious careers among the Top 10 Careers in commerce. Being a CA, you will be responsible for Auditing, ITR filing, Accounts Finalization, etc. Aspirants who want be CA need to register with the Institute of Chartered Accountants of India(ICAI) and complete a course. The duration of this course is 5 years after 12th and 3 years after graduation.

Top Employers:

  • All Accounting firms such as E&Y, KPMG, etc.

  • Public Limited Companies

  • Some companies and industries hire CA services.

Further Careers:

  • Practice CA in companies/firms

  • Partnership with accounting Firm

  • Be an entrepreneur and practice CA privately

5. Company Secretary

Company Secretary is the most responsible and in-demand career among the careers in commerce. CS handles legal aspects, documents of a company or firm. He/she works as a legal advisor of the board of directors and plays a major role in corporate planning. Aspirants will have to complete a course through Institute of Company Secretaries of India (ICSI).

Top Employers:

  • Law firms

  • Private Companies

  • Multinational companies

  • Banks

Further Careers:

  • Principal Secretary

  • Corporate Planner

  • Legal Advisor

  • Chief Commanding Officer

6. Human Resources

This is the most interesting job among the careers in commerce for aspirants who want to deal with various kinds of people. The main role of Human Resource management is to hire employees for a company or organization. In the beginning, a candidate can get a job as Human resource executive in a company to make a career in the field of human resource management.

All Corporate Companies, Multinational Companies, Job consultancies hires HR manager and Executive.

Required Educational Qualification:

Job Opportunities:

  • HR Executive

  • Senior HR Executive

  • HR Manager

7. Tax Auditor and Consultant

This is the highly engaging career among the list of top 10 careers in commerce. However, it is quite common career with accountant and CA but A tax auditor is responsible only to prepare tax audit reports using the principles of accounting and reduce the taxes using tax control units. Number of career opportunities available in private and government sectors for tax auditors.

Required Educational Qualification: Bachelor's degree in commerce and CPA certification

Job Scope:

  • Internal auditors in a private company.

  • External auditors to audit on behalf of clients.

  • Government auditors are hired conduct audit for the suspected companies.

8. Event Manager

Most of the people consider event manager as wedding planner but they do much more than that. Planning, executing and managing a private, government and social event within a limited budget and time frame is the main role of an Event Manager. The main part of the job is to provide the best service to the client along with earning their own profit which makes it a most engaging job among the top 10 careers in commerce.

Required Educational Qualification

  • Diploma in Event Management

  • BBA Event Management

Top Employers

  • Wizcraft Entertainment

  • Percept Limited

  • DNA Entertainment Networks.

  • Cineyug Entertainments

Careers in Event Management

  • Event Planner

  • Event Manager

  • Project Manager- Events and Interiors

9. Government Jobs / Banking Jobs

Government job is the most secure job among all the top 10 careers in commerce with less work stress. Banking jobs are the best among all government jobs as these provides various public and national holidays and better relocation policy. Aspirants who want to get a government job in bank will have to invest much time to prepare for competitive exams.

Required Educational Qualification: Bachelor’s Degree in Commerce and need to fulfil other criteria.

Top Employers

  • SBI

  • IBPS

  • RBI

Further Careers

  • Clerk/Assistant

  • Probationary Officer (PO)

  • Specialist Officer (SO)

10 Entrepreneur

Being an Entrepreneur means to set up a new business by utilizing the available resources and taking financial risk. It is the vast career among the top 10 careers in commerce as one can start a business by following his/her passion. He/she produces new careers options for others by adopting right growth strategies which helps to make more profit.

Required Educational Qualification: B.com, BBA or any other Bachelor’s degree.

How to choose the right career among top 10 Careers in Commerce?

  • First of all, aspirants need to identify their own passion if they want to play with numbers, transactions, or they want to communicate with people or they want something else. Then, they will be able to take a life changing decision by choosing the best careers in commerce.

  • They will have to dig the internet to find detailed information about the chosen Careers in commerce to know further job scopes and salary growths.

  • Talk to the people who are in that career field to know about their personal experience which will help to choose Top Career in Commerce stream.

How to make a Careers in Commerce?

  • B.Sc.(Economics)/B.Com. are the main path to make Careers in commerce.

  • Aspirants can also opt for other courses after 12th to make a top career in commerce.

  • After completing a graduation, they will have to be confident and make an attractive resume with correct details.

  • In the beginning, they will have to go for an internship to have some practical knowledge. After completing the internship, they can apply for a full time job in a reputed company to make a career in commerce.

  • They can check the openings and apply for the same on popular job platform websites: Naukri.com, LinkedIN, Indeed, etc.

  • They can also apply through the website of the company by going through the career section or they can send their resume to the HR of the company.

Other Related Careers in Commerce

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