If you are a commerce student, you are in a very good position and stand the chance of pursuing very lucrative and rewarding careers. The skills and knowledge you are acquiring in your commerce education will lead you to high-paying job opportunities tomorrow. In this article, we will take a look at the top five high-paying salary jobs for commerce students and their average salary per annum.
5 High-Paying Career Paths for Students of Commerce
1. Chartered Accountant (CA):
Chartered Accountants are financial experts responsible for financial planning, auditing, taxation, and advising clients on financial matters. They play a vital role in helping businesses and individuals make informed financial decisions. Chartered Accountants often work independently or with accounting firms and can earn substantial salaries, especially as they gain experience and expertise. According to Payscale and Indeed, the average salary per annum of a Chartered Accountant begins from $70,000 to $120,000 depending on your level of experience.
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2. Investment Banker:
Investment bankers assist organizations and individuals in raising capital, making financial investments, and providing strategic financial advice. They work for large financial institutions and earn substantial salaries, including performance-based bonuses. While entry-level salaries are competitive, experienced investment bankers can earn exceptionally high incomes. According to Glassdoor and Payscale, Investment Bankers are paid an average annual salary beginning from $100,000 to $150,000.
3. Financial Manager:
Financial managers oversee an organization’s financial health, including budgeting, financial reporting, and investment strategies. They play a pivotal role in ensuring a company’s long-term financial success. With experience and expertise, financial managers can command high salaries and often receive performance-related bonuses. The salary per annum on average for Financial Managers in the USA is between $85,000 and $130,000 according to the Bureau of Labor Statistics and Payscale.
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4. Actuary:
Actuaries analyze financial risks using mathematics, statistics, and financial theory. They work primarily in the insurance and pension industries, helping companies assess and manage risk. Actuaries are in high demand, and their specialized skills lead to generous compensation packages. Actuaries are paid an average salary per annum beginning from $80,000 to $120,000 according to the Bureau of Labor Statistics and Payscale.
5. Management Consultant:
Management consultants work with organizations to solve complex business problems, improve performance, and maximize growth. They provide valuable insights and recommendations, often leading to increased efficiency and profitability. Management consultants with a commerce background can earn substantial salaries, particularly if they work for prestigious consulting firms. The average salary per annum for Management Consultants is between $90,000 and $140,000 according to Glassdoor and Payscale.
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Average Salary Per Annum
| Career Path | Average Salary per Annum | Sources |
|---|---|---|
| Chartered Accountant (CA) | $70,000 – $120,000 | Payscale, Indeed |
| Investment Banker | $100,000 – $150,000 | Glassdoor, Payscale |
| Financial Manager | $85,000 – $130,000 | Bureau of Labor Statistics (BLS), Payscale |
| Actuary | $80,000 – $120,000 | Bureau of Labor Statistics (BLS), Payscale |
| Management Consultant | $90,000 – $140,000 | Glassdoor, Payscale |
