Introduction: Top 10 Jobs for Commerce Students in India
India is the fastest growing economy in the world. It’s also a country where career opportunities are booming.
The Indian economy is growing at a rapid speed. The country is set to become the third largest economy in the world by 2030. This can be attributed to an increase in investment, exports & imports, and the shifting of labour from agriculture to manufacturing and service sectors.
One of the most common professions that students aspire for after graduation is a career in Commerce. In India, there are many jobs for commerce students that provide ample opportunity for growth and development.
In this article, we will list out 10 of the best jobs for commerce students in India with detailed insights into their scope and requirements.
1. Investment Banker
Investment bankers are professionals in financial services who manage monetary investments and assets. They help businesses to raise capital by issuing shares of stock (equity), bonds, and other securities. These professionals make decisions about the price at which they will buy or sell these securities, based on their analysis of the company’s growth potential.
Some common responsibilities of investment bankers are:
-Information gathering: Investment bankers use different sources of information like market research, news articles, industry reports, economic statistics to decide what trades should be executed for their clients.
-Calculations: Investment bankers calculate the effect that market changes will have on investments; they identify trends for clients that want to buy or sell stocks in the future at a particular price point.
Investment bankers are professionals that are hired for financial advice. They are skilled in project management, business development, and strategic planning. This is because they have the experience of working on different investments, restructuring companies, and start-ups. They negotiate deals with other businesses which is essential for any company to succeed.
2. Marketing Manager
Marketing managers are responsible for marketing campaigns, advertising, and the development of a company’s marketing strategy. The marketing manager is also accountable for developing new ways to promote the company’s products to create brand awareness.
Different marketing managers may have different levels of responsibility. For example, some might be in charge of advertising only while others are in charge of the whole marketing process from start to finish.
Marketing managers work with other departments at their company to plan out campaign schedules and allocate resources accordingly. They also work closely with members of their team including creatives, PR-specialists, analysts, executives, and sales teams.
Marketing managers are able to build relationships with key stakeholders in the organization and outside of the company. It is also their role to represent the company’s marketing interests before industry groups or regulatory agencies.
Some responsibilities include:
-Developing strategic marketing plans
-Analysing market conditions
-Implementing promotional campaigns
3. Tax Consultant
Taxes are a tricky subject matter to navigate. Income tax, capital gains tax, estate tax, and so on.
A Tax Consultant is a professional who helps clients with the complexities of taxation law. They offer unbiased advice for federal income taxes and can help with other related financial matters such as preparing for retirement or setting up a small business.
Their expertise also extends into international tax law and foreign income reporting requirements, which many people would not know about without guidance from a professional expert in the field.
They are responsible for advising clients on tax strategies, filling out tax forms, and helping them to avoid declaring certain types of income.
The services provided by a tax consultant usually include the following:
-Assessing their client’s current position in relation to their taxes;
-Identifying potential deductions and credits that might be available;
-Providing advice on how to decrease liabilities;
-Reporting income accurately; and
-Solving issues related to taxation.
4. Financial Analyst
A financial analyst is a member of the investment and banking professions who analyses the market movements and makes predictions about stocks and other securities.
A financial analyst is a member of the investment and banking professions who analyses the market movements and makes predictions about stocks and other securities. Traditionally, these analysts studied statistics like past price patterns to predict future prices. But now machine learning algorithms can do this work for them.
Machine learning algorithms analyse data from previous stock performance, such as volatility, frequency of trading, or volume. They then predict if certain stocks will rise or fall in value by looking at all of this data together, as opposed to just historical data like patterns in price changes.
A lot of analysts will have backgrounds in mathematics, economics, or statistics, though there are many different educational paths that can lead to this type of work.
They provide a monetary value on the company’s assets and liabilities, as well as an analysis of their current economic standing.
The duties that they undertake include:
– Evaluating the financial performance of companies for investors
– Calculate future earnings and determine how these earnings will affect stock prices
– Monitor financing activities such as issuance of new securities such as stocks and bonds
– Analyse the operational efficiency of the company
– Evaluate financial risk
An economist is a person who studies the production, distribution, and consumption of goods and services.
Economists examine how people use resources to produce goods that satisfy human wants and needs. They look at what types of goods and services make for a well-functioning society. Economists study how information shapes economic decisions and determine the best ways to allocate resources among industries and countries.
An economist may be concerned with financial markets, international trade, macroeconomics or microeconomics, social economics or industrial organization.
6. Business Analyst
A business analyst is a person who is mainly involved with the analysis of systems and their processes. They are also responsible for gathering data from these systems and process to come up with solutions.
The scope of a business analyst position varies from company to company, but in general, they are tasked with assessing how a company can improve its internal operations based on market trends. In addition, they gather information about competitors and analyse how the company can attract or retain customers using various methods. Business analysts also perform feasibility studies to determine if there is enough demand for a product or service before it goes into production.
7. Corporate Secretary
The secretary is the head of the corporate administration at a company. In some cases, he or she is also responsible for overseeing other administrative areas such as human resources.
The role of a corporate secretary is to provide administrative and secretarial support to the Board and or the Chairman. They usually supervise the day-to-day operations of the company. The main responsibilities of a corporate secretary include:
1. Ensuring that all formalities are fulfilled according to applicable laws and regulations
2. Monitoring changes in laws and regulations as well as establishing work procedures to be followed
3. Doing research on various aspects of the company’s operations, such as financial reporting, marketing strategies, and staffing requirements
4. Preparing agendas for Board meetings; taking minutes; coordinating meeting scheduling; maintaining Board mailing lists; and distributing minutes to members
5. Assisting with preparation for shareholder meetings: arranging facilities, drafting proxy statements, preparing material for distribution at meetings
8. Finance Manager
The finance manager is responsible for managing a company’s funds and assets.
The finance manager is responsible for managing a company’s funds and assets. In doing so, the finance manager’s main goal is to ensure that the company has enough money to operate on a day-to-day basis while also maximizing the amount of money available in order to meet or exceed long-term budget goals. A finance manager has several responsibilities including analysing financial statements, making sure that all of the company’s bills are paid on time, and reporting to top management on a regular basis.
A finance manager is a position in a company that is responsible for managing the financial affairs of a business. They do this by making sure the company stays within budget, collecting payments from customers and managing cash flow.
A finance manager has many responsibilities that they must take care of. These include:
-Managing the company’s budget to ensure that it does not exceed earnings or run out of funds on hand
-Collecting payments from customers such as invoices, overdue accounts and security deposits
-Managing cash flow so there is never too much or too little money in the business at any given time
-Keeping good records of every transaction including income, expenses and account balances
9. Budget Analyst
The budget analyst is responsible for overseeing the budgeting process, which includes creating cost estimates, managing budgets, monitoring the budget’s execution, and tracking deviations.
The job is typically full-time for an organization that has a formal budgeting process. The analyst may also establish guidelines or parameters on how spending can be allocated to various departments or functions. If the company doesn’t have a formal process in place, the analyst will often still be responsible for establishing guidelines on how money should be allocated to different departments or functions.
The following are the responsibilities of a budget analyst: –
-Analyses the cost of all expenditures, transactions, and commitments to ensure that spending is controlled and costs are justified.
-Develops budgets for the organization to maintain consistency with budget goals.
-Works with management to determine organizational goals.
-Lays out future cash flow to make sure that funds are available when needed.
10. Supply Chain Manager
It is important for a company to have an organized supply chain because the company needs to get the product to market quickly and efficiently. A supply chain manager’s main goal is to make sure that they are in control of all aspects of the supply chain.
A good supply chain management plan will maximize productivity, minimize risk, and also anticipate future needs in order for a business or organization to be successful in regards to its operations.
A supply chain manager is responsible for tracking and managing the inventory and materials necessary to meet customer demands. They work to ensure that products are delivered on time and in the right condition, as well as manage the relationships with suppliers and customers.
The duties of a supply chain manager can be broken down into three main categories:
1) Technical: Development of inventory, production, and distribution plans;
2) Management: Coordination of logistics activities;
3) Interpersonal: Establishing relationships with suppliers and customers to ensure product availability.
Thanks for reading. For more content updates related to job roles and updates, subscribe to Freshersworld.
If you are looking for any commerce job, Do register today at www.freshersworld.com