We have a database of over 11,000 colleges all over India.
Connect with us to find your perfect fit!
Blog
17 January,2023 | By Brainwonders
In today's competitive job market, college students are looking for a career that brings immense opportunity and substantial remuneration. Many of them feel the need to pursue a profession that will bring them both personal satisfaction and future financial security. It is important to consider the various aspects of any potential career path in order to ensure that it will be a scalable source of income. Therefore, selecting the right profession is critical in achieving long-term success and happiness.
Commerce is a field where many commerce students start their careers because of its popularity and many career opportunities it provides to students. Several professional courses, accounting courses, management courses, and much more help the students make a fruitful career in the commerce field. Therefore, commerce ranks in the area where many employment opportunities are present. As a commerce student, you would like to know about the best courses after 12th commerce with high salary, so we have listed the high salary commerce jobs in India.
| Profession | Average Monthly Salary (approximate) |
| 1. Chartered Accountancy | ₹30,000-2,00,000 per month |
| 2. Company Secretary | ₹35,000-1,25,000 per month |
| 3. Chartered Financial Analyst | ₹40,000-60,000 per month |
| 4. Cost & Management Accountant | ₹20,000-50,000 per month |
| 5. Certified Public Accountant | ₹30,000-50,000 per month |
| 6. Product Manager | ₹1,00,000-3,00,000 per month |
| 7. Business Accountant & Taxation | ₹30,000-1,00,000 per month |
| 8. Financial Controller | ₹40,000-60,000 per month |
| 9. Budget Analyst | ₹40,000-80,000 per month |
| 10. Marketing Manager | ₹25,000-1,00,000 per month |
| 11. Retail Manager | ₹25,000-60,000 per month |
| 12. Digital Marketer | ₹15,000-3,50,000 per month |
| 13. Lawyer | ₹25,000-75,000 per month |
| 14. Research Analyst | ₹20,000-40,000 per month |
| 15. Economist | ₹25,000-40,000 per month |
| 16. Auditor | ₹25,000-40,000 per month |
| 17. Hotel Manager | ₹48,000-1,20,000 per month |
| 18. Event Manager | ₹25,000-70,000 per month |
| 19. Asset Manager | ₹30,000-50,000 per month |
| 20. Personal Financial Advisor | ₹20,000-45,000 per month |
| 21. Actuary | ₹30,000-75,000 per month |
| 22. Investment Banker | ₹15,000-50,000 per month |
| 23. Fashion Designer | ₹25,000-40,000 per month |
Note: The annual salaries might increase depending on work experience, market fluctuations, and inflation. The salary also might differ as per various sectors.
Let's discuss, each profession in detail:
Chartered Accountants look after the organisation's financial transactions by handling the financial statement, cost accounting, bank reconciliation statements, and many other financial aspects of the organisation. Auditing is a primary task of a CA professional. CA needs to handle income tax, accounting, costing, etc. The demand for CA is relatively high. Thus it ranks among the best courses after 12th commerce with high salary.
Duties & Responsibilities:
To become a Chartered Accountant, you need to first register under The Institute of Chartered Accountants of India (ICAI). You need to clear all three levels of CA framed by ICAI; they are as follows:
In addition, the CA aspirant also needs to complete 3 years of Articleship/Training under a practising CA. It mostly takes 4-5 years to become a CA. The duration might increase depending on the number of attempts.
CS is among the professional courses that prepare students to manage all legal aspects of the organisations. Company Secretaries look after the company's regulatory and statutory legal requirements. Many international organisations are starting to establish in India. Thus the scope for company secretaries is increasing day by day. The professionals get high salary packages and futuristic opportunities.
Duties & Responsibilities:
To become a Company Secretary, you need to first administer under The Institute of Company Secretaries of India (ICSI). You need to clear all three levels of CS framed by ICAI; they are as follows: To become CS, you need to clear all three competitive exams:
Additionally, the CA aspirant also needs to complete 21 months of Training. It mostly takes 3-4 years to become a CA. The duration might increase depending on the number of attempts.
Chartered Financial Analysts mainly perform analysis of returns and risks, prepare financial models, collect data, etc. CFA is responsible for looking after the financial planning of the organisations. Nowadays, CFA professionals are in huge demand in the US. Thus, CFA ranks among the best courses after 12th commerce with high salary.
Duties & Responsibilities:
To pursue the CFA professional course, you need to first administer it under the CFA Institute. It mostly takes at least 2 years to complete all CFA levels. To become a successful CFA, you need to clear 3 levels;
1st Level
2nd Level
3rd Level
CMA course ranks among the most challenging courses in India as well as one of the best courses after 12th commerce with high salary. The CMA is a professional certification course internationally recognised for account and commerce professionals. Cost & Management Accountants professionals got a lot of exposure in international companies. In the USA, Cost & Management Accountants are in vast demand.
Duties & Responsibilities:
In order to become a successful Cost & Management Accountant, you need to clear 3 levels:
In addition, you also need to complete at least 6 months of practical Training before the CMA final exam.
A Certified Public Accountant is a person who specialises in accounting, reporting, taxes, and auditing. They work for businesses, clients, and the government. They say that they have valuable and long-term knowledge about how to make money decisions when there are a lot of risks. As a Commerce student, this course is one among the best courses after 12th commerce with high salary. They should also have a lot of experience in finance and corporate management, as well as knowledge of accounting and taxation policies and changes in the law.
Duties & Responsibilities:
Individuals who have a particular interest in public accounting mainly pursue CPA courses. The course consists of 18 months. During this duration, you need to clear 4 subjects. Ample scalable job opportunities are available in the US.
Product Managers are the heart of the organisation. They manage the product line, which includes everything from product development to marketing and promotion, and calculate how much money the firm will generate in the long term. A profession in this industry may be a good match for someone who enjoys marketing and has excellent persuasive and communication abilities.
Duties & Responsibilities:
An MBA programme in Product Management may readily be pursued after earning a bachelor's degree in the relevant field. It is common for working people in the marketing or management area to complete a Product Management course. As a result, they sign up for an Executive MBA in Production and Operations Management programme.
Business accountants and tax accountants work all the time in the fields of taxation, accounting, and finance. These people have a good understanding of both direct and indirect taxes. There are a lot of different systems they use for tax, compliance, reporting, accounts, and management information (MIS). In addition, they also have a high-end knowledge of SAP, Tally, Quickbooks, and Advance Excel. Thus, this course also ranks among the best courses after 12th commerce with high salary.
Duties & Responsibilities:
To become a Business Accountant & Taxation, you need to pursue a Bachelor's degree in accounting. Have in-depth tax knowledge. In addition, you also need to have excellent application and software knowledge such as SAP, Advanced Excel, Tally, etc.
Financial Analysts are the individuals who make sure that the organisation, cost, accounting, and finance departments work well together. These people look at and manage the company's financial risks, and they also help with the audit process. In order to keep the organisation's finances stable, they come up with specific financial plans. Taxes and financial reporting are two of the most important things for a financial controller to do.
Duties & Responsibilities:
To be considered for a job as a financial controller, you usually need to have a bachelor's degree from a company or organisation. There are a lot of good options for credentials, like a bachelor's or master's degree in accounting, finance, business, or economics. All but one of the Bachelor's degrees take four years of study.
A Budget Analyst is an expert at allocating money by making a good financial budget. They make a business budget report and figure out how much money each business will spend. They use the budget analysis to find out about other ways to get money and to look at the costs of running a business. Thus, Budget Analysts also work with the people in charge of the company.
Duties & Responsibilities:
To become a Budget Analyst, first, you need to earn a Bachelor's degree in one of the major specialisations, including accounting, finance, and business economics. After that, you can go for a postgraduate degree. It's not compulsory that a Budget Analyst must hold a Bachelor's degree in the said specialisations. Budget Analysts can be from the statistics, political science or public administration fields. Master's degree holders often get high demand jobs in prestigious organisations.
It is the management committee that determines the long-term success of an organisation, and they need marketing managers that are both dedicated and thorough in their work. Marketing Managers are involved in various aspects of the company, including software/IT, automotive, finance, retail, and manufacturing..
Duties & Responsibilities:
An MBA (Master of Business Administration) in Marketing Management helps you become a successful Marketing Manager. It is a two-year programme in which you will study marketing's intricacies, necessities, and critical aspects. MBA programmes are open to students who have completed high school. Working professionals can also attend the Executive MBA Program. The length of executive programmes may differ.
One of the emerging careers after 12th is consistently listed among the best courses after 12th commerce with high salary; retail management is one of them. Retail managers contact the clients and look after staff and other necessary tasks. They are responsible for managing and administrating supermarkets and hypermarkets in the existing market.
Duties & Responsibilities:
You can pursue an MBA degree in Retail Management to become a Retail Manager. You need to first complete your graduation degree and then go for an MBA degree.
Digital Marketers are the digital marketing managers who look after a firm's overall online integration activities. They highly specialise in search engine optimisation, social media marketing, affiliate marketing, and web development. These individuals mostly work as freelancers; they take the task from several companies and complete them task within a stipulated period of time.
Duties & Responsibilities:
After completing your 12th commerce, you can pursue a Diploma in Digital Marketing. For advanced learning, you can also pursue MBA in Digital Marketing course.
Lawyers are the ones who are masters in legal aspects. These professionals work under the code of ethics and provide justice to their clients. Working as a lawyer means using abstract legal theories and knowledge in a real-world way to solve specific problems for people who hire lawyers to do their legal work or to help people who hire lawyers to do their legal work. There are various types of lawyers, including civil, corporate, factory, divorce, and many more.
Duties & Responsibilities:
B.Com LLB (Bachelor of Commerce & Bachelor of Laws) is a dual integrated course. To become a Lawyer from a commerce background, one can pursue this course. This course consists of 5 years.
A research analyst is the one who is responsible for researching, analysing, interpreting and presenting the data related to market operations, customers, economics, and other information related to the field they work in. They are quantitative, logical, and good at managing numerical statistical data. Thus, they provide the best assistance to various organisations and play a significant role in finance.
Duties & Responsibilities:
You need to get a bachelor's degree in a field that deals with research and finance. After that, you can take certification courses in research analytics. In addition, you need to learn analytical skills that will help you improve your skills.
Economists study money, like stocks, bonds, inflation, the exchange rate, spending, etc. These financial experts look at many different market activities, and their main job is to look at socio economic and financial data that helps businesses make crucial decisions. They use mathematical models and statistical methods to look at data. They also help companies to figure out how well their products and services work.
Duties & Responsibilities:
You need to complete a bachelor's and master's degree in economics from a recognised university.
The Auditor is the one who regulates all the monitoring activities of the financial statements, business statements, reports, etc. Auditors are keeping a sharp eye while auditing and monitoring the accounts of the organisations. Thus, they are the promising professionals who work constantly and regularly check accounts, finance, and various transactions. In multinational organisations, the auditing is done by the Big four companies (KPMG, PWC, Deloitte, and Ernst & Young). In order to become the Auditor in one of the Big four companies, you need to be proficient while auditing.
Duties & Responsibilities:
To become an Auditor, you need to first register under The Institute of Chartered Accountants of India (ICAI), and you need to clear all three levels of CA framed by ICAI; they are as follows:
In addition, the CA aspirant also needs to complete 3 years of Articleship/Training under a practising CA. It mostly takes 4-5 years to become a CA. The duration might increase depending on the number of attempts. After completing the CA course, you might look for opportunities in international firms, explicitly looking for an Auditor job role.
Hotel managers are the one who organises and manages all the operations of the hotels, right from catering and reception to deciding menus and many more. Hotel Managers are the pillar of the hotels; they are eventually working towards maintaining and providing the suitable facilities to customers. They always look after the management, coordination, staffing, directing, and controlling the hotel-related services.
Duties & Responsibilities:
With a bachelor's in Hotel Management undergraduate degree, you will get opportunities from various hotels and might get a chance to become a hotel manager.
Event Managers look after the planning and organising of the events of the organisations. They plan and organise promotional, corporate, and social events. They're in charge of managing various events, ensuring that the target audience is engaged and that the event's message is appropriately communicated to the public. Events are significant in determining the success of a brand or an organisation.
Duties & Responsibilities:
To become a successful event manager, you can pursue the Bachelors in Hotel Management course from a recognised institution.
Asset Managers look after and monitor the assets of businesses. In this category are things like real estate and shares. Bonds and commodities are also included, as well as money and stocks. Asset managers always try to get the most money back for their employers. They look after their employer's work and help them finish their projects on time so that the company can stay financially stable.
Duties & Responsibilities:
You could major in architecture, engineering, business, finance, statistics, economics, management, or accounting if you have the maths skills. Then, apply to be a graduate trainee. Take on the job of a junior or assistant asset manager at a bank or a building firm. If you already have a relevant first degree, you could be more likely to get a job. After that, you can take the certificate courses in asset management, which will help you become a better Asset Manager.
Personal Financial Advisors are the people who help people make the right decisions and help them decide if they should invest or not. They also tell them if they should. They help you make a good choice about investments like stocks, bonds, shares, insurance, and more. For giving good advice, they are specially trained to learn about investment concepts, the goals of investments, managing debts, retirement savings, pensions, and coverage, among other things. By understanding each vital aspect of different types of investment, they provide prudent knowledge about investment to their clients.
Duties & Responsibilities:
You need to earn a bachelor's degree in any finance related field like accounting, economics, business, finance, laws and mathematics. Additionally, you need to get the certification of CFP provided by the Financial Planning Standards Board (FPSB). You need to gain 1-2 years of work experience, which will help you leverage the necessary skills for PFA.
An actuary is a person who calculates and projects the financial consequences of risks that happen during unforeseen conditions. These people have a lot of experience with maths, statistics, and economics, and they've done a lot of research to figure out how risky the insurance industry is. Actuaries work a lot in businesses that have to deal with financial risks, like hospitals, banks, etc. It is one of the best-paying jobs in the United States and worldwide.
Duties & Responsibilities:
You can pursue a B.Sc in Actuarial Science for a bachelor's degree. After undergraduate, you can also go for a Master's degree in Actuarial Science.
It is the goal of investment bankers (IBs) to persuade clients to place their money where it will generate the maximum profit. Investment banking is a popular career choice in India. Students from some of the nation's top business and management schools work in this industry. Dealing with money is a job requirement for an investment banker. An investment banker may be able to assist you in making money in the capital markets. There is a chance that they could lend you money or sell some of your shares.
Duties & Responsibilities:
In order to become an Investment Banker, you can pursue MBA in Finance and then specialise in Investment Banking. Several business schools are providing the MBA in Finance. You can also go for an Advanced Certificate or Diploma course in Investment Banking.
Fashion Designers are the one who designs the costumes, integrated clothing wearables, and designer clothes as per the latest trends. These individuals constantly work in designing the dresses and outfits as per client requirements. Most fashion designers work in big fashion companies. In recent times the fashion industry has been growing rapidly. Fashion designers have detailed knowledge in pattern making, fashion technology and many more.
Duties & Responsibilities:
To become a Fashion designer, you can pursue a B.Des in Fashion Designing. The duration of the course is four years. This course will help you get ample job opportunities in the fashion industry.
Final Thought:
We hope this blog about scalable career options after 12th commerce was helpful. If you are from the commerce stream and find yourself in difficulty with the many possibilities accessible in the market, we hope this blog post will help you. There are several diversified fields in commerce, such as Marketing, Finance, Human Resources, Accounting, and Business Administration. Before joining the commerce stream, you must investigate eligibility, salary trends, scope and employability.
You can plan your career with the assistance of Brainwonders and get the potential insights of the profession in which you want to excel!
Recommended Read:
Q.1) What is the average salary of a Chartered Accountant?
Ans: The average salary of a Chartered Accountant is around 30k INR to 200k INR. The salary for experienced employees will be adjusted to reflect their expertise and the value their work brings to the company.
Q.2) What is the average salary of a Lawyer?
Ans: The average salary of a Lawyer is around 25k INR to 75k INR. The salary for experienced employees will be adjusted to reflect their expertise and the value their work brings to the company.
Q.3) What is the average salary of a Fashion Designer?
Ans: The average salary of a Fashion Designer is around 25k INR to 40k INR. The salary for experienced employees will be adjusted to reflect their expertise and the value their work brings to the company.
Fill the form to know how!
