You may be wondering if you need to go to business school if you want to get the highest salary in your field. The answer is likely no, according to a new survey by finance careers firm Lumni. According to their findings, the highest salaries go to people who majored in accounting and related fields, such as marketing analytics and quantitative analysis.
highest salary job in commerce field
1. CHARTED ACCOUNTANT(CA)
The designation CA is one of the highest designations for any commerce student. The job role for any CA is Accounting. As a CA, you have to validate the accounts and provide trustworthy information about financial records. Even you have to give advice, audit the accounts, taxation work, risk management, etc., You’ll get at least Rs 50,000 per month as starting salary. Later your salary gets hiked to Rs 1,00,00 and above.
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2. CEO
Chief Executing Officer is the highest-ranking execution in a company. He/She is responsible for managing almost every important tasks for developing the company in every aspect, managing the operations and resources, involved in recruiting the employees or he/she can fire the employees, act as a visionary, etc., If anybody becomes a C.E.O, they get paid of Rs 5 Crores per annum. If anybody becomes C.E.O for small companies gets less payment than the above’s number. C.E.O’s get paid higher in foreign countries of at least 10 times greater than in India. Unless you are a founder of a company, to become a C.E.O, you have to get a rich experience in the field.
3. CMA
Certified Management Accountant is one who has a certification in Accounting and Strategic Management. Its special focus is on Corporate Accounting and Management Accounting. There are many roles like Financial Analyst, Financial Manager, Chief Financial Officer(CFO), etc., Financial Analyst role earns Rs 15,000-85,000 per month, Financial Manager gets Rs 38,000-1.8 Lakhs per month and CFO gets at least of Rs 80,000 to Rs 6,00,000 per month. The salary gets increased based on experience.
4. Company Secretary
A company secretary is a senior position in a private sector company or public sector organization. The company secretary ensures that an organization complies with relevant legislation and regulation, and keeps board members informed of their legal responsibilities (Ref: Wiki) The salary given for a CS will be Rs 25k per month. If he/she gains experience and gets into big companies like MNC’s, they can expect a salary of Rs 1,00,000 and above.
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5. HRM
Human Resource Management (HRM) is a practice of recruiting people for different roles. They recruit people who are skilled, for the development of the company. They even help in planning, working to achieve the company objectives and goals, performance appraisals, training, and placement, etc., MBA has a specialization in HRM. These people get salaries of at least Rs 1,00,000 and above per month. If you work in an MNC, you’ll get more than Rs 2 Lakhs per month.
6. Financial Risk Manager
This is one of the finest and one of the highest paying jobs for Commerce student designation given. You can be proud to tell that you are the Financial Risk Manager (FRM) in that company. The role of FRM is to deal with the risk involved in financial markets. They have specialized skills in assessing the risks involved in the area. They help in areas like banking, insurance companies, accounting companies, Marketing companies, etc., They get paid more than Rs 8 Lakhs per anum if they gain experience. There may be some small companies that may give Rs 4.3 Lakhs per annum but you can earn more if you gain experience.
Salary is one of the important factor to consider while applying in any job profile. This article gives information about the highest salary job in commerce field. In the field of commerce in India, various jobs are present and competitive. Like medicine, engineering, business administration, law etc. Most of the students want to make their future bright by choosing commerce stream for their career. After completing their graduation, many will be searching for a good job in commerce field. For that sake many students dream to become Chartered Accountant (CA), so it will be good to share information about CA as it is one of the higher paying job after MBA degree course in India.
