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Five Promising Careers in Commerce for Students

Students who major in commerce can work in a variety of fields, including banking, auditing, taxation, and others.

Commerce : is a field that gives students interested in business, finance, accounting, and economics a multitude of job choices. Students majoring in commerce have a variety of career options, including banking, consulting, auditing, taxation, and more. Depending on the candidates’ abilities, credentials, and experience, some of these occupations are highly gratifying and pay well.

Chartered Accountant: A professional who has successfully completed the Chartered Accountancy program at the Institute of Chartered Accountants of India (ICAI) is known as a chartered accountant. A chartered accountant can assist with a variety of tasks, including auditing, tax preparation, accounting, financial reporting, and corporate finance. A chartered accountant can find employment in a variety of sectors, including manufacturing, trading, services, government, and non-governmental organizations; the typical annual pay in India is between 6 and 7 lakhs.

Investment Banker: An investment banker is a specialist who aids businesses in raising capital by helping them issue securities like stocks and bonds. Additionally, a mergers and acquisitions, restructuring, valuation, and other strategic decisions are advised to businesses by investment bankers. A financial institution that an investment banker may work for includes a bank, a securities firm, a hedge fund, or a private equity firm. An investment banker in India makes between $9 and $10 lakhs annually.

Financial Analyst: A financial analyst is a specialist who evaluates the profitability and prospects of a business, sector, or investment. To offer insights and suggestions to investors and management, a financial analyst employs a variety of tools and techniques, including financial modeling, ratio analysis, forecasting, and valuation. A financial analyst can find employment in a number of industries, including corporate finance, mutual funds, banking, and insurance. In India, a financial analyst makes on average between 4-5 lakhs a year.

Management Consultant: A management consultant is a specialist who works with organizations to address their issues and difficulties in order to increase performance and efficiency. A management consultant can offer services like developing strategies, doing company analyses, streamlining processes, managing change, managing projects, and more. A management consultant can work in a variety of fields, including technology, operations, marketing, finance, and finance. In India, a management consultant has an average annual pay of $8–$9 lakh.

Actuary: An actuary is a specialist who uses statistical and mathematical techniques to evaluate and manage risks in a variety of industries, including banking, insurance, pensions, healthcare, and more. An actuary can create and assess products and strategies that shield people and organizations against unpredicted occurrences like mishaps, illnesses, fatalities, natural catastrophes, and market swings. An actuary may work for a variety of businesses, including insurance companies, pension funds, consulting companies, and governmental agencies. In India, an actuary typically earns between 10 and 14 lakhs in a year.



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