The backbone of any business sector in the world- Commerce! With the expansion of the multi-national companies and youth being obsessed with the start-up trend, the commerce field is on a boom. Gone are the days when Science used to dominate the sector, today even the toppers in the schools prefer commerce as their first choice. So if you are about to make a stream choice or are currently in high school struggling to find the top high paying career options for Commerce students in India, this article is a must-read for you. 

Top High Paying Career Options for Commerce Students In India

1-Management 

Just think about the various departments in a company, and imagine how so many people are coordinating with each other without any hustle-bustle. Effective management is the key to success of any company! Managers are responsible to lead various departments of the company-Sales & Marketing, Human Resource, Finance, Operations, Logistics Management, Supply Chain Management etc. Definitely Management deserves a spot in the top high paying career options for Commerce students in India. 

Education Path: Pursue Bachelor in Business Administration (BBA)/ Bachelor in Management Studies (BMS) for 3 years. Once you are through, you may take up a specialized course at Masters (2 Years) like MBA, MIM (Masters in Management), Master of Science in Management, etc. 

Top Colleges for Management in India (UG): Shaheed Sukhdev College of Business Studies (New Delhi), Indian Institute of Management (Indore), Xavier’s College (Mumbai) NMIMS (Mumbai), Guru Gobind Singh Indraprastha University (New Delhi), Symbiosis International University (Pune) etc.

2. Finance

Hey Mom, I got my first salary! How should I plan my investments?

Getting the first salary is always special, and what if you can put your savings in the right place and make most out of it? Similarly, companies always require professionals to guide them for managing their funds. Finance is the science of managing money and is the soul of any business activity. Financial experts make sure that the resources are properly planned.

Education Path: Pursue BBA (Finance)/ B.com (Hons) in Finance for 3 years at your UG level. This is followed either by a certification (CFA) or an MBA(Finance) at PG level. 

Colleges for Finance (UG): Shaheed Sukhdev College for Bussiness Studies, IP University, Christ University, University of Mumbai, etc. 

3-Actuarial Science:

Every time you purchase a car, your parents get insurance for it. They even purchase health or life insurance to secure the family. Have you ever wonder why insurance companies are willing to give full amount if something happens? Who is making such policies? 

Actuaries are pioneer behind insurance policies. They do this by analyzing past trends and come up with conclusions. As they analyze huge chunks of data, Mathematics skills should be brilliant.

Education Path: As it is a professional course there is no degree for Actuarial Science. There is a licence which is given after clearing exams. Firstly, you are required to register with the Institute of Actuaries of India (IAI) and write Actuarial Common Entrance Test (ACET). Also, for your graduation, you can take up any stream. Although Mathematics or Statistics would help you.

College for Mathematics: IISER, Chennai Mathematical Institute, Indian Statistical Institute (Kolkatta), etc. 

4. Allied fields of Management

I see my self as the manager of a top fashion brand! But my mathematics is poor. How will I crack CAT or G-MAT?

If you are also someone who wishes to manage big projects but lack mathematical skills, there are specialized programs for you. Also, the increase in demand for management in various industries has given rise to courses to equip professionals with the required skills. 

List of Top Allied Fields of  Management

• Fashion Business Management

• Luxury Brand Management

• Hospital Administration/ Hospital Management

• Sports Management

• Retail Management

• Public Health Administration

• Tourism Management

Education Path: These can be pursued either after 10+2, or if you are not very sure regarding your specialization, you can first go for a general BBA and opt for specialization at your PG level. It is also a relief for students who are looking to skip the CAT exam for MBA!

Top Colleges: National Institute of Fashion Technology (Delhi), Indian School of Design & Innovation (Mumbai), Ambedkar College (New Delhi), College of Vocational Studies (New Delhi), Tata Institute of Social Studies (Mumbai), Faculty of Management Studies (New Delhi), etc.

5-Bachelor’s of Commerce (B.com (Hons)/ B.com (Program))

One of the most popular choices of all the commerce students is the Bachelors in Commerce. It is a course which goes best with other professional courses such as a CA, CS, CMA, CFA, etc. If you are planning to get into any hardcore Finance or Accounts-related field, this could be the best course for you.

Education Path: You can pursue this course immediately after 10+2 based upon your percentage. Although, few colleges also conduct an entrance exam followed by a group discussion and an interview. 

Colleges for B.com: Shree Ram College of Commerce (New Delhi), Christ University (Bangalore), St. Xavier’s College (Mumbai) Madras Christian College (Chennai), etc.

6-Digital Marketing

Are you on Instagram or Facebook?

Go check the official business page of any brand and check what they are posting on their handles. No doubt, Social media these days has become the top spot for promoting the brands and we have experts to handle them, these are Social Media Managers.

The other major job of a digital marketer is to make sure that their brand’s website is on the top of the Google search list. For example: If you wish to eat chocolate cake, you are likely to type on Google “Best chocolate cake near me”. You are more likely to order from the places which are on the first page of google. They have a major role to play in the company’s sale and hence are highly paid.

Education Path: It is a professional course and you should pursue some online certification to gain expertise. For your graduation, you can pursue a course in general management. 

Colleges/ Institutes for Digital Marketing: Delhi School of Digital Marketing, Udemy, Coursera, Simply Learn, etc. 

ALSO READ: Top Institutes for Digital Marketing in Delhi

7. Chartered Accountant/ Cost management Accountant

Credit what comes in, Debit what goes out!

Does your balance sheet match every time?

For the successful functioning of a company, it is utmost important to keep a track of all expenditure, sales, any loss due to the delay of payments and it is done by professionally qualified accountants. Although this is not just the only work of a chartered account, auditing, taxation, cost accountancy, etc. are few other areas.

 Education Path: It is a professional course which is pursued along/ after your graduation. Suggested graduation is BCom (Hons) or BCom (P).

Colleges for B.com: University of Delhi, IP University, Christ University, University of Mumbai, etc. 

8. Economics (Hons)/ Bachelor’s in Business Economics (BBE)

“The increasing price of onion affects the sale of restaurants every year”

Economics is a perfect course for number freaks. From determining the price of small products to calculating the national income of the country, all are covered under Economics. Economics has always been one of the top high paying careers for Commerce students in India. 

Education Path: You can pursue graduation in Economics for 3 years followed by a Masters degree for 2 years. 

Colleges For Economics: Shree Ram College of Commerce (SRCC), Delhi University, Shaheed Sukhdev College of Business Studies (New Delhi), St. Stephen’s College (New Delhi), Banaras Hindu University (Varanasi), Ashoka University (Panipat), Christ University (Bangalore), etc.

9-Law 

Another top high paying career option for Commerce student in India is definitely Law. With money, prestige and respect are factors which attract students to pursue this course. Without a doubt Lawyers, today are minting money, especially corporate lawyers. Absolutely, Commerce students who love to read should keep Law as one of their options. 

Education Path:  You are required to pursue BALLB or BBA LLB for 5 years. Although, if you are not sure about committing 5 years to Law, you may pursue your graduation first and then pursue Law for 3 years. 

Colleges for Law: National University of Law, NALSAR, University of Delhi, etc. 

So Commerce students, we have given you enough information on the top high paying courses. Anything you wish to add to the list? Kindly share in the comment section.

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