Indian business industry offers a wide range of career options. Because the national economy is growing very fast, the demand for high-profile professionals who are qualified in accounting, finance, marketing, human resources, and other business areas is at the highest.

In this article, we consider the Highest paying jobs in commerce in 2024 in India. The figures given are estimated salaries per annum in rupees, which are obtained for the industry trends.

Highest Paying Jobs In Commerce

1. Chartered Accountant

Chartered accountancy is the most prestigious and sought-after Highest Paying Jobs in Commerce category. Chartered accountants work in multiple areas including auditing, taxation, financial advice, and consultancy.

The Institute of Chartered Accountants of India (ICAI) is the regulatory body for the CA profession in the country. According to the ICAI, there were more than 3.6 lakh CAs in India in January 2022. It is anticipated that it will reach over 4 million by 2024.

Among the skills that are obtained during this course are commerce, finance, taxation, law, and management, which will lead to employment not only in private and public companies but also in CA firms, banks, and consultancy firms.

The estimated salary of an Indian Chartered Accountant in 2024 is expected to be between Rs 7-9 lakhs per year. After 3-4 years of experience, a CA can earn ₹ 12-18 lakh annually. The highest package offered is Rs.30 lakh and above for candidates having more than 8 years of experience.

2. Company Secretary

A Company Secretary (CS) is an important functional manager who is required to check all legal and regulatory compliance by a company. In India, the Institute of Company Secretaries of India (ICSI) regulates the profession.

According to ICSI, there were around 65,000 company secretaries in the country by the end of March 2022. After 2024, this number is expected to touch over 90,000.

The role of a company secretary entails advisory, corporate governance, compliance, management of agreements, listing and other related areas.

The year average starting salaries of a company secretary could be in the ₹4-6 lakh range. Based on 3-4 years experience, a CS can earn ₹8-12 lakh per year from a known firm. The salary package goes beyond ₹20 lakh per annum for company secretaries who have more than 5 years of experience.

3. Management Consultant

Another one of the Highest Jobs in Commerce category. The experts who help companies with their performance and efficiency are called management consultants. They offer organizational analysis, and operational feasibility, streamline operations, and strategies for growth, and then participate in key business decisions.

The Indian market is currently dominated by the demand for qualified management consultants many MNCs have also been established in the main cities where the charges can be anything between ₹3lakhs to ₹10lakhs per project, depending on the nature of the project and its intricacy.

Those highly skilled professionals who work with the most reputable management consulting firms often receive salaries of ₹15-25 lakh each year. The ones who have been in consulting for over 12 years earn more than ₹40 lakh every year or even more.

4. Investment Banker

Investment bankers help companies, governments, and all other legal entities to raise capital by acting as their agents when issuing securities and underwriting. They act as intermediaries providing investors entry to equity and/or debt securities. A few of the top investment banks globally, including Goldman Sachs, JPMorgan Chase, Morgan Stanley, etc., provide attractive job opportunities in India for talented finance professionals.

At the entry level, investment bankers in India get ₹10-14 lakhs as total annual compensation. At ₹20-30 lakh per annum, with 3-5 years of experience, it can go up to mid-level positions. Experienced senior investment bankers with more than 10 years of experience can earn ₹1 crore or more annually.

5. Human Resources Manager

The HR manager plays an important role in the organization that deals with recruitment, training, compensation, employee relations, performance management, and all other issues in the field of human resource management.

The expanding firm operations in the country together with the flourishing startup ecosystem is the main cause of the rising demand for highly skilled HR managers and leaders. The expected average salary of an HR Manager in India in 2024 at mid-sized companies is approximately ₹10-12 Lakh per annum. Many local and larger companies and MNCs expect around ₹16-20 lakh per annum for candidates with 5+ years of experience.

Even with 10+ years of experience HR managers can earn an annual package of up to ₹30 lakh, especially in global organizations, big IT firms, and major conglomerates.

6. Market Research Analyst

The market research analyst aims to analyze market conditions and collect data about sales, customers, and competitors as well as your products and services. This data and the analytics upon it are used by companies to formulate marketing, product development, and business expansion strategies.

Market research has become ubiquitous for Indian companies to understand and embrace diverse consumer behavior while creating new markets. That has increased the demand for knowledgeable market research analysts in different industries.

The projected average annual salary of a senior market research analyst in India in 2024 is to be ₹6-10 lakh. Senior market research analysts and managers with 8+ years of experience tend to get ₹15-22 lakh per annum at reputed market research firms.

7. Actuary

General insurance companies hire actuaries who assess the financial impact and risk associated with events like death, disability, injury, illness, pensions, business investments, etc. by means of mathematics, statistics, and financial theory. They formulate the insurance policies, pension plans, and other financial strategies which aims at risk mitigation.

India has the Board of Actuaries as its regulating Actuarial Society. In India, theres a rapid growth in the need of actuaries in industries like insurance, business analytics and risk management. It is causing the improving salaries for the certified actuaries in the country.

Actuary having certification who has 3-5 years of experience in India may get up to 10-15 lakhs per annum. The actuarial professionals with 10 years or more experience and high skill sets can earn package of ₹40 lakh or more in fields like insurance.

8. Financial Analyst

The work of a financial analyst involves evaluating financial information, performing complicated financial modeling, studying economic data, and providing recommendations on strategic financial moves to companies and investors.

In light of the rapid rise of the Indian financial services sector, there is an increased need for competent financial analysts in various spheres of banking, broking, and many more.

The Indian financial analyst, in 2024, in the year entry-level position gets an average annual salary of 4-6 lakh rupees. After more than 3 years in the field, financial analysts usually make ₹8-12 lakh per year. Salary offers for the senior financial analyst position go up to ₹18-25 lakh per annum for candidates with more than 8 years of experience.

9. Certified Management Accountant

A Certified Management Accountant (CMA) can implement accounting processes, direct investments, develop budgets, and give advice to management to allow them to make informed strategic decisions. The IMA officially endorses the CMA certification.

CMAs have a cross-industry profile comprising manufacturing, consulting, healthcare, IT, and various others. Such a demand for CMAs arises due to their knowledge of financial accounting, strategic management, business analytics, and decision support.

A CMA graduate usually starts as a CMA analyst in India and can earn up to Rs. 6-8 lakh per year. Having spent between 4-5 years of experience, a CMA can draw ₹10-15 lakh annually at senior mid-level positions. The CMA package ranges from Rs. 25 lac to more than Rs. 25 lac for CMAs with 10+ years of experience.

10. Certified Financial Planner

The Certified Financial Planner (CFP) is a finance expert who assists individuals master the financial sphere, realize their life goals, and make appropriate investments and tax planning protected by a complete financial plan.

India has CFP certificate introduced by Financial Planning Standards Board of India (FPSB India) which is awarded internationally. Income levels are on the rise and investment consciousness is also growing and this is encouraging the number of people seeking professional financial planning advice at an artificial rate.

The fee for the services provided by an expert CFP professional with an experience of 5 to 7 years in India could vary from ₹1 lakh to ₹3 lakh per client. An experienced CFP who has worked with clients of 10 or more years who have net worth of more than ₹500 million can charge as high as ₹5 lakhs per client. The salaries of CFP professionals with some experience can vary yearly between ₹30 lakh and over ₹1 crore. One can consider this job as the best and Highest paying jobs in commerce in India.

11. Cost Accountant

A cost accountant is also one of Highest Paying Jobs in Commerce professional who makes a cost accounting record, evaluates operations in performance, and conducts a cost audit in a company. In our country, ICAI issues the certificates of Cost & Management Accountant (CMA) to be hold as CAs.

Ostensibly, cost accountants do valuable jobs for manufacturing sector, mining, construction, and many other industry verticals. Operations and resource allocation are ensured to be the best they can with the use of strategic cost management. It produces higher benefits.

The average salary package of an experienced cost accountant with 3-5 years of experience is between ₹5-8 lakh per annum. Those with 5+ years of experience can earn ₹8-12 lakh per annum. Senior cost accountants and team heads with more than 10-year experience can get ₹15-22 lakh per annum.

12. Economics Consultant

Economics consultants or analysts employ economic and statistical models for provision of expert advice to businesses and governments on taxes, budget, regulations, investments, trade policies, markets, etc.

In India, the Centre and State governments along with think tanks, banks, financial institutions, and global corporations are the regular employers of qualified economics consultants. Their knowledge of macroeconomics, microeconomics, econometrics, quantitative modelling helps them understand the trends, opportunities and solve complex problems.

An economics consultant with 3-5 years of experience can earn approximately ₹12-18 lakh annually in India. The senior level economics consultants with 10+ years of experience servicing governments and large corporates can earn annual packages of ₹35 lakh and above.

13. Certified Public Accountant

A Certified Public Accountant (CPA) is a globally awarded designation to accounting professionals who have successfully passed rigorous examinations and have obtained the requisite education and experience. In India, the American Institute of CPAs awards the CPA credential.

India CPAs are highly valued in areas like auditing, financial accounting, taxation, risk advisory etc. Large corporations, accounting firms, and banks hire qualified CPAs for managerial positions and specialized services.

A new Chartered Accountant in India can expect to be paid about ₹6-9 lakh per year. CPAs with 4-6 years of experience can earn ₹12-18 lakh per annum. Senior CPAs with more than 10 years of experience can earn up to INR 35 lakh per annum.

14. Logistician

Logisticians have a job of making sure the whole life of a product goes right starting from supplying it (acquisition), on its way (distribution), inside the organization (internal allocation), and finally delivering it to the consumer. They are the key element in the network of connections and optimization of supply chain operations, transforming it, to achieve timely and low-priced movement of goods.

In the Indian market, the logistics sector is witnessing a dramatic increase in size on the backdrop of increased e-commerce activity, a manufacturing boom, and reinforced international trade. The popularity of the jobs in logistics is considered a high priority hence the employees receive higher remuneration.

The initial wages for engineers in India these days are estimated to be anywhere between 4-6 lakhs annually. After 3-5 years of experience in logistics, professionals will make ₹8-12 lakh one year/ annum. An experienced logistician with more than 8 years of experience can draw high salaries ranging from ₹15-25 lakh per annum depending on the developer the firm he or she works with and personal skills.

15. Risk Analyst

Risk analysts as key individuals must detect, evaluate, and find out the ways of risk prevention that can affect an organizations profitable operations, financial performance, and general plans of the organization. They are the backbone of which one stabilizes the risks and therefore they form a risk management strategy. The controls are essential to minimize exposure to market risks, credit risks, operational risks, and regulatory risks.

Being one of the biggest employment generation sectors in India, banks and the insurance industry are the most prominent sources of risk analysts in India. Alongside the fact they are popular, their services are also hired in the industrious sectors such as manufacturing, IT, and advising.

Having analyst risk as a profession in 2024 is anticipated to begin paying ₹6-8 lakh annually, depending on the location. With 3 to 5 years of risk analyst career, one can start at ₹10 to 15 lakh per annum. Employees with more than 8 years of experience and branded themselves as risk analysts can command salaries ranging from a minimum of ₹18-30 lakhs per annum. Rarely, there are instances where the employees skill sets, industry and the company they worked at can determine the amount of salary they will get.

Conclusion

Indians not only have a vast number of exciting career choices in commerce but also are respected and appreciated for their IT skills. Salaries in the accounting, financial analysis, HR, consulting and other positions are surprisingly high due to the market demand increases. Graduates need to make the right career choice according to their capability and preference to develop extremely. You can find much sought after Highest Paying Jobs in Commerce by using portals such as Rozgar.com that can give a lot of commerce related job openings.

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