In India, we have an education system divided into three streams sites and Humanities. Students and parents often believe that only science stream students get the most opportunities and will ultimately lead a comfortable life and gain financial security. Yet the commerce field also offers various paid jobs in India. If students choose the right career path and keep upskilling, commerce will also offer them lucrative job options and a stable career.
If you choose a course that deals with investment, accountancy, auditing, budget planning, taxation, etc., you can also get a high-paying job. Numerous individuals from commerce streams have achieved lucrative career options in the commerce field. Moreover, they enjoy a comfortable life and financial security.
Further, commerce jobs offer a stable and also mentally satisfying career. So if you have recently completed your 12th commerce or graduation, let’s check out the best Courses After Bcom that will provide the highest-earning jobs in India.
Top Five Most Paid Jobs in India
A Chartered Accountant (CA) can help you with your taxes, audit your business, and give sound financial advice. The Institute of Chartered Accountants of India (ICAI) offers a Chartered Accountancy (CA) course that prospective CAs must pass.
A CA’s skillset extends beyond accounting and auditing, including taxation and finance. They are qualified for various positions in the business and government sectors, including banking, auditing, and consulting. It is one of the 5 prime highest-paying jobs in India.
In India, a Chartered Accountant can expect an annual compensation of about INR 7-8 lakhs. A Chartered Accountant’s starting salary is typically around INR 1 million (about $30,000).
One of the Most Paid Jobs in India, the investment banker is a financial expert who advises businesses and nonprofits on how best to generate capital through underwriting and the issuance of securities. In addition, they counsel clients on the financial implication of mergers, acquisitions, and reorganizations.
Becoming an Investment Banker requires one to have extensive knowledge of finance as well as superior analytical and interpersonal abilities. Many companies, from hedge funds to private equity firms, need investment bankers.
In India, the top 5 highest paying jobs in India like investment bankers can expect an annual income of between INR 8 and 10 lakhs. However, an Investment Banker might earn as much as INR 50-60 lakhs annually with experience and expertise.
Chartered Financial Analyst
Among the Most Paid Jobs in India is CFA. So an individual who earns the CFA designation has expertise in financial analysis and the management of investments. The CFA Institute offers a course that must be completed to make the highest-earning jobs in India.
Career options for a CFA include financial analysis, portfolio management, risk management, and investment management. Banks, financial institutions, asset management companies, and consultancy businesses are all potential employers for these individuals.
In India, a Chartered Financial Analyst can expect an annual compensation of about INR 5-6 lakhs. However, a CFA might earn up to INR 20–25 lakhs annually with experience and expertise.
Certified Public Accountant
Among the Most Paid Jobs in India, Certified Public Accountants (CPAs) are qualified experts that help businesses and people manage their money. The American Institute of Certified Public Accountants (AICPA) administers the exam necessary to get the CPA designation.
A certified public accountant might find work in many different industries. They can work in both public and private sectors, including banks, financial institutions, accounting firms, and consultancy firms.
One can expect to earn between INR 6-7 lakhs annually as a Certified Public Accountant in India. A certified public accountant’s starting salary is often about INR 10-15 thousand.
Cost & Management Accountant
Professionals who wish to go for a career in cost accounting, management accounting, financial analysis, and budgeting are known as Cost & Management Accountants (CMA). They help businesses manage their expenses, create budgets, and manage their finances. Also, it is among the most paid jobs in India.
Professional accountants focusing on management analysis and financial planning are called “management accountants.” Their primary responsibility is advising finance managers and CFOs on budgetary matters, such as making investments and allocating resources. They help with financing, budgeting, and managing an organization’s investment portfolio. A management accountant uses analytical talents to handle the company’s assets and risk management.
A Cost and Management Accountant in India can expect an annual compensation of about INR 6-7 lakhs. However, a CMA might make as much as INR 30-35 lakhs annually with experience and expertise.
So these are the five Paid Jobs in India. These courses after graduation for the high salary offer prospects for better growth, salary, and a growing career. As the job place goes competitive, it is essential to gain all the necessary skills to survive in this cut-throat competition.
Also, read: What Are the Benefits of Custom Packaging for Business Success?