Highest Salary Jobs after Commerce

 

Success stories like Warren Buffet showcase the potential of a commerce-related degree. Buffet, whose net worth is presently $89.8 billion, holds a degree in business administration from the University of Nebraska, an MSc in Economics from Colombia Business School, and attended the New York Institute of Finance.

Commerce is vital to facilitating trade and driving economic growth at all levels. Commerce education equips individuals with essential finance, accounting, marketing, and economics skills, laying the foundation for diverse careers. Commerce graduates enjoy competitive salaries, with a median annual wage of $76,570 in the US for business and financial occupations. Job opportunities for commerce students are immense, and we will discuss the prospects further in the article.

Scope of Opportunities After Commerce Degree

• Finance and Accounting: Career paths include finance, investment banking, accounting, financial analysis, auditing, and taxation.
• Business Management: Opportunities exist in operations, business analysis, human resources, and strategic planning. 
• Marketing and Sales: Careers in marketing research, advertising, brand management, digital marketing, and sales management.
• International Business: One of the best courses after 12th commerce with a high salary. Roles in global trade, international finance, supply chain management, and import-export operations.
• Entrepreneurship: Commerce education nurtures entrepreneurial skills, enabling individuals to start their businesses and pursue innovative ventures.

Top 10 Highest Salary Jobs After Commerce:

Choosing a career path that offers financial stability and growth opportunities is crucial for commerce students. With a diverse range of job prospects available, it's essential to identify the highest-paying occupations in the field. Here is a list of the top ten highest-paid job opportunities for commerce students, both graduates and postgraduates:

Jobs	Average Salary (in USD)*
Financial Manager	$131,710
Actuary	$105,900
Medical and Health Services Manager	$101,340
Business Operations Manager	$97,970
Statistician	$95,570
Financial Advisor	$94,170
Management Analyst	$93,000
Operations Research Analyst	$82,360
Financial Analyst	$81,730
Accountant	$77,250

*US News and World Report

Financial Manager

Financial managers oversee an organisation's financial operations, ensuring efficient use of resources and achieving financial goals. The highest paying job role in commerce, they analyse financial data, prepare reports, manage budgets, and make strategic decisions. According to the US Bureau of Labour Statistics, the job market for financial managers is competitive, with a projected 16.8% employment growth and 123,100 new jobs by 2031.

Top Employers	Skills Required
Corporate businesses Financial institutions Government agencies Consulting firms Non-profit organisations Real estate and construction companies	Financial Managers typically obtain a bachelor's or master’s degree in finance or a closely related field, although pursuing advanced degrees and acquiring relevant certifications can prove advantageous.

Actuary

An actuary is a professional who assesses and manages financial risks for organisations. They use mathematical and statistical methods to analyse data and make informed predictions about uncertain events such as economic market trends.

The field of actuarial science is projected to grow by 20.8% from 2021 to 2031, creating around 5,900 new job openings, as per the US Bureau of Labor Statistics.

Top Employers	Skills Required
Insurance companies Consulting firms Financial institutions Government agencies Pension funds and retirement organisations Reinsurance companies	To become an Actuary, you need a bachelor's degree in actuarial science or a related field, and you must pass actuarial exams administered by the SOA or CAS.

Medical and Health Services Manager

Medical and Health Services Managers oversee healthcare facility operations, including budgeting, staffing, and quality improvement. They hire and supervise staff and ensure regulatory compliance.

According to the US Bureau of Labor Statistics, employment for medical and health services managers is expected to grow by 28.3% from 2021 to 2031, creating approximately 136,200 new job opportunities.

Top Employers	Skills Required
Hospitals Nursing homes and assisted living facilities Outpatient care centers Health systems and healthcare networks Government healthcare agencies Academic medical centers and research institutions	A bachelor’s in healthcare administration or a related field. Work experience in healthcare management is valuable, and a master's degree can be advantageous. Moreover, acquiring professional certifications such as Certified Healthcare Executive (CHE) or Certified Medical Manager (CMM) can prove beneficial.

Business Operations Manager

Business Operations Managers oversee daily operations, improve processes, manage budgets, and lead teams to achieve organizational goals. They analyze workflows, mitigate risks, collaborate with stakeholders, and efficiently leverage technology.

According to the US Bureau of Labor Statistics, business operations managers are expected to experience a 6.7% employment growth from 2021 to 2031, resulting in approximately 209,800 new job openings.

Top Employers	Skills Required
Consulting Firms Nonprofit Organizations Financial Institutions Retail and E-commerce Companies Healthcare Organizations Corporate Enterprises	Individuals aiming for a career in operations or project management often begin by obtaining a bachelor's degree in business administration or a closely related field. Acquiring additional certifications like Certified Manager (CM) or Certified in Production and Inventory Management (CPIM) can provide valuable advantages in this field.

Statistician

Statisticians collect, analyze, and interpret data to solve real-world problems. They apply statistical techniques to design surveys, experiments, and studies and use mathematical models to analyze data and draw conclusions.

According to the US Bureau of Labor Statistics, statisticians are projected to experience a significant 32.7% employment growth from 2021 to 2031, resulting in approximately 11,200 new job opportunities.

Top Employers	Skills Required
Government Agencies Research Organisations Healthcare Industry Market Research Firms Financial Institutions Consulting Firms	A bachelor's degree in statistics or a closely related field is the minimum requirement for entry into the field. However, certain positions may necessitate a master's degree or even a PhD.

Financial Advisor

Financial Advisors provide individuals and organisations with guidance on financial planning, investments, and other financial decisions. They assess their clients' financial situations, goals, and risk tolerance to develop personalized strategies.

According to the US Bureau of Labor Statistics, financial advisors can expect a 15.4% increase in employment opportunities from 2021 to 2031, resulting in approximately 50,900 new jobs.

Top Employers	Skills Required
Financial Services Firms Independent Financial Advisory Firms Wealth Management Companies Retirement Planning Organizations Accounting and Tax Firms	A bachelor's degree in finance or a closely related field. To further enhance job prospects, obtaining professional certifications such as Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), or Chartered Financial Consultant (ChFC) is recommended.

Management Analyst

Management Analysts are professionals who help organizations improve their efficiency and profitability. They analyze existing business processes, identify problems, and develop solutions. According to the US Bureau of Labor Statistics, management analysts are expected to experience an employment growth rate of 11.4% from 2021 to 2031, resulting in approximately 108,400 new job openings.

Top Employers	Skills Required
Manufacturing Companies Nonprofit Organizations Retail and Consumer Goods Companies Technology Companies Government Agencies Consulting Firms	Having a bachelor's degree in business administration or a closely related field is highly preferred for individuals seeking employment opportunities in this domain. To bolster their job prospects, acquiring certifications like the Certified Management Consultant (CMC) designation is advisable.

Operations Research Analyst

Operations Research Analysts are professionals who use advanced analytical and mathematical methods to help organizations make informed decisions and solve complex problems.

According to the US Bureau of Labor Statistics, operations research analysts are expected to experience a 23.2% increase in employment opportunities from 2021 to 2031, resulting in approximately 24,200 new job openings.

Top Employers	Skills Required
Transportation and Airlines Government Agencies Consulting Firms Manufacturing and Logistics Companies Financial Institutions Healthcare Organizations	Hold a bachelor's degree in operations research, mathematics, or a closely related discipline. It is essential to possess strong analytical and problem-solving skills, as well as proficiency in computer programming and data analysis.

Financial Analyst

Financial Analysts are professionals who assess the financial health and performance of companies and organizations. Financial Analyst is one of the best courses after commerce with a high salary.

According to the US Bureau of Labor Statistics, financial analysts are expected to experience a 9.3% increase in employment opportunities from 2021 to 2031, resulting in approximately 77,200 new job openings.

Top Employers	Skills Required
Investment Banks Asset Management Firms Commercial Banks Corporate Finance Departments Insurance Companies Investment Management Companies	A bachelor's degree in finance, accounting, economics, or a closely related field is a necessary requirement for individuals seeking careers in this field. Pursuing a master's degree, particularly for advanced or specialized roles, is highly beneficial. Obtaining certifications such as the Chartered Financial Analyst (CFA) designation is strongly recommended.

Accountant

Accountants manage financial records and operations for businesses and individuals. They ensure the accurate recording of transactions, prepare statements and provide financial insights. Accountant Job is one of the highest salary jobs for commerce students without maths.

According to the US Bureau of Labor Statistics, the employment growth for accountants in the USA is projected to be 5.6% from 2021 to 2031, resulting in approximately 81,800 new job openings.

Top Employers	Skills Required
Public Accounting Firms Corporate Sector Small and Medium-Sized Enterprises Consulting Firms Financial Institutions	Individuals seeking a career in accounting or a related field are required to hold a bachelor's degree in accounting or a closely related discipline. Many accountants choose to further advance their careers by pursuing a Certified Public Accountant (CPA) license.