High Salary Courses After 12th Commerce [with Maths & without Maths]

We receive a lot of queries from commerce students about what course to pursue after completing their 12th grade that will help them a higher salary in the career. Some of them want to know the which of these courses will require a good knowledge of Maths and which ones will be without Mathematics. To make it simple for the students, we have listed the options that can help students decide courses that can help them earn a high salary in India?

Introduction:
Are you a 12th commerce student wondering what to do next? Look no further! Unlock lucrative career paths with our top high-salary courses for 12th commerce students, with or without maths. Discover the best options for your future and start your journey towards success today.

1. Lucrative Career Paths for 12th Commerce Students
12th Commerce students have a wide range of career options to choose from. Some of the most lucrative career paths include accounting, finance, investment banking, taxation, and management. These fields offer high-paying jobs with excellent growth opportunities. In addition, the commerce industry is constantly evolving, providing new opportunities for young professionals. With the right education and skills, 12th commerce students can secure a successful and fulfilling career in the field of commerce.

2. The Importance of Math in High-Salary Commerce Courses
Mathematics is an essential subject for 12th Commerce students who wish to pursue high-paying careers in the field of commerce. Most high-salary commerce courses require a strong foundation in math, including calculus, statistics, and algebra. These skills are necessary for analyzing financial data, making investment decisions, and managing financial risks. Without a solid understanding of math, it can be challenging for students to excel in these fields. Therefore, it is crucial for 12th Commerce students to focus on building their math skills to succeed in high-salary commerce courses.

3. Challenges Faced by 12th Commerce Students in Pursuing High Salary Careers
Some of the challenges faced by 12th Commerce students in pursuing high-salary careers include intense competition and the need for practical experience. In addition, students may face challenges balancing their academic studies with internships and other work experience opportunities.

4. Top Universities and Institutions Offering High-Salary Courses in Commerce
Some of the top universities and institutions offering high-salary courses in commerce include the Indian Institutes of Management (IIMs), Indian Institutes of Technology (IITs), Delhi University, Mumbai University, and the Institute of Chartered Accountants of India (ICAI). These institutions offer excellent education and training opportunities for 12th Commerce students to build successful careers in the commerce industry..

5. Career Paths for 12th Commerce Students Without a Background in Math
12th Commerce students without a background in math can still pursue successful careers in the commerce industry. Some career paths that do not require a strong foundation in math include human resources management, marketing, sales, and customer service. These fields require strong communication skills, creativity, and the ability to work well with others.

Here is a list and details of the top high paying courses:

1) Chartered Accountant (CA)
Regarded as one of the toughest courses in the world, CA is also one of the most popular courses in India. The primary reason given is definitely the salary that Chartered Accountants are offered. It is surely among the highest-paying jobs in India.

The starting salary could easily be 6-7 LPA and increase very handsomely. With 4-5 years of experience in the field, one can grab a package of up to 25 LPA. Source: Glassdoor

CA is a very important part of the financial system. He/she is responsible for auditing and managing the financial books and taxation and offers advice for business growth.

Although the competition is fierce, working hours are long, and study material is vast, CA still remains a better and more stable career option for commerce graduates.

Job Roles:

1. Accountant
2. Banker
3. Financial Manager
4. Consultant
5. Auditor

CA Syllabus:

1) Foundation –

• Paper 1: Principles and Practices of Accounting
• Paper 2: Business Laws and Business Correspondence and Reporting
• Paper 3: Business Mathematics, Logical Reasoning, and Statistics
• Paper 4: Business Economics & Business and Commercial Knowledge

2) Intermediate –
2.1) Group 1

• Paper-1: Accounting
• Paper-2: Corporate Laws & Other Laws
• Paper-3: Cost and Management Accounting
• Paper-4: Taxation

2.2) Group 2

• Paper-5: Advanced Accounting
• Paper-6: Auditing and Assurance
• Paper-7: Enterprise Information Systems & Strategic Management
• Paper-8: Financial Management and Economics for Finance

3) Final –
3.1) Group I

• Paper-1: Financial Reporting
• Paper-2: Strategic Financial Management
• Paper-3: Advanced Auditing and Professional Ethics
• Paper-4: Corporate and Economic Laws

3.2) Group II

• Paper-5: Strategic Cost Management and Performance Evaluation
• Paper-6
• Paper-6A: Risk Management
• Paper-6B: Financial Services and Capital Markets
• Paper-6C: International Taxation
• Paper-6D: Economic Laws
• Paper-6E: Global Financial Reporting Standards
• Paper-6F: Multidisciplinary Case Study
• Paper-7: Direct Tax Laws and International Taxation
• Paper-8: Indirect Tax Laws

CA Alternatives: Many students who opt for Chartered Accounting course find it difficult to clear mid way. The passing rate for CA is relatively low in India compared to other accountancy courses. Students nowadays also opt for ACCA as an alternative option to CA. But before you decide on any one of these courses, it is good to understand the difference be CA and ACCA.

2) Investment Banking
Here we come to one of the most lucrative professions in the finance field. It’s a dream for many commerce graduates to become a successful investment banker.

An investment banker works with financial institutions and offers financial advice on how to reach a financial goal and make long-term and short-term financial plans. They play a major role in acquisitions and sales and generate income for their investors.

The ability to handle people and good communication are key skills required of an investment banker.
A beginner in the field can start with a package of 9-10 LPA, and the growth completely depends on the person’s skills. He/she can earn big even in the initial years, which is why the field is so lucrative. Source: Glassdoor

3) Actuary
Actuary is one of the highest paying jobs in the US and globally. Actuaries use mathematics, statistics, and financial theory to assess the financial costs of risk and uncertainty and help businesses and clients develop policies that minimize the cost of that risk.

Actuaries’ work is most important to the insurance industry, where they design policies and determine competitive premiums. An actuary must possess great analytical skills, communication skills, computer skills, and math skills.

Two professional organizations—the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA)—regulate actuaries in the US. They offer two levels of certification: associate and fellow.
Actuaries can start their careers with an average salary of 10-14 LPA. Source: Glassdoor

4) Research Analyst
With the amount of data actually available to access today, it is crucial for any business to bring in an able research analyst who can add depth to its business decisions.

The research analyst is responsible for collecting, analyzing, and interpreting data and using it to make the right decisions for the business. He/she should be aware of market trends and competitors and make forecasts based on them.

Although the starting salary may not be too high, with experience, a research analyst really adds value to the company, which can increase the salary prospects significantly. A research analyst is expected to earn between 4-6 LPA at the start. Source: Glassdoor

Educational Qualification:

• A bachelor’s degree in economics, finance, statistics, computer science, or a related field Or
• BSc in Data Science
• PG Diploma in Research Analyst

Area of Work:

• Business
• Finance
• Investment
• Marketing & Sales

Top Colleges:

• Jamia Millia Islamia – Delhi
• LJ Polytechnic – Ahmedabad
• Ambedkar Institute of Technology – Delhi
• Lovely Professional University – Jalandhar

5) Chartered Financial Analyst (CFA)
CFA is a major interest for commerce graduates. In a normal scenario, the CFA program can be completed in 1.5 years to 4 years. Students who have completed their graduation in the relevant field are eligible for the CFA Program.

CFAs apply their knowledge and skills in a number of positions throughout the global finance industry. A CFA decides how to spend money to maximize profits and provides investment guidance and portfolio management for individuals. Candidates who have just completed their graduation and are looking for a career in the investment finance segment can opt for the CFA program.

Upon completion of the CFA, one can earn up to 12 LPA, given the number of job opportunities and growth prospects available to Chartered Financial Analysts. So, CFA is totally worth it. Source: Glassdoor

6) Company Secretary
Another popular choice of career in the field of commerce is CS. The CS ensures the efficient administration of an organization, particularly with regard to ensuring compliance with regulatory and statutory requirements. They should have a deep understanding of the business rules.
They assist the board of directors in various regulatory issues and ensure that the organization operates appropriately. Candidates can start with this program after their 10+2.
The median salary after becoming a CS is 7-8 LPA, which can increase handsomely with experience. This is what makes it such a popular career option after 12th. Source: Glassdoor

7) ACCA
The Association of Chartered Certified Accountants (ACCA) is the world’s oldest CA program. It is a globally recognized certification in accounting, audit, and finance awarded by the UK-based ACCA body. Students who would like to have comprehensive knowledge within the finance domain can be helped by ACCA.

Pursuing ACCA gives you the liberty to practice in over 180 countries. So if you want to settle abroad, it’s a great option. It can be completed in a period of 6-24 months, and students must have completed their 10+2. The average salary for an ACCA in India is over 5 LPA. Source: Glassdoor

8) Bachelors of Foreign Trade 

An interesting option for Commerce students is a degree in Foreign Trade. Considering the level globalization has reached in the last few decades, it is one of the happening fields in the market today. In this course, students learn how to deal with the export and import of goods, services, and capital across International borders.

The duration of the course is 3 years, and it’s offered in both regular mode and distance mode by private as well as government organizations. The average salary that is offered in India for this course is 8 LPA.

Bachelors of Foreign Trade Syllabus:

• India’s Foreign Trade
• Basics of International Trade
• Elements of Export Marketing
• Exports Finance and Procedure
• Export Documentation and Procedure
• Export Documentation and Procedure

Areas of Work:

• Shipping Companies or Corporations
• Banks and Financial Institutions
• International Finance
• Export Houses
• Transportation Corporations
• Merchandiser
• Marine Insurance Companies
• Directorate General of Foreign Trade
• Transportation Corporations
• State Trading Corporations
• Marine Insurance Companies
• Custom Clearing Houses
• Dry Ports, Ports

Type of Jobs

• Financial Analyst
• Investments Analyst
• Corporate Analyst
• Business Analyst
• Tax Advisor, Accountant
• Market Analyst
• Marketing Manager
• Budget Analyst
• Investment Banker
• Money Manager
• Operations Manager
• Equity Research Analyst
• Personal Finance Consultant
• Revenue Agent

Top Colleges

• Prestige Institute of Management and Research, Indore
• Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur
• P. Jain Institute of Management and Research (Mumbai)
• Indian Institute of Management Ahmedabad (Ahmedabad) , International Management Institute (New Delhi)
• Indian Institute of Commerce and Trade, Lucknow.