Career Opportunities in Commerce and Salaries

The article provides a list of career opportunities in commerce, a description of each career, and a sneak peek into how much you can make monthly or yearly with these jobs.

Brief Introduction to Commerce

Commerce is a popular field of study for students interested in the financial/commercial sector, which offers a variety of job prospects.

At the secondary level, students can learn the fundamentals of commerce and use that knowledge to apply for university entrance It is the study of the purchasing and selling of commodities and services.

Also, Check Out the Career Opportunities in Physics.

With the arrival of the internet, the scope of commerce has expanded, and we now have E-commerce (Electronic commerce). With a degree in business or a similar field, you have a myriad of professional opportunities. In this post, we’ll look at some of the job opportunities in the field.

Career Opportunities in Commerce

Here is a list of career opportunities in commerce:

• Accountant
• Bookkeeper
• Accountant Assistant
• Logistics Manager
• Marketing Manager
• Financial Analyst
• Actuary
• Auditors
• Purchasing Agents
• Inventory Officers
• Cashiers
• Investment Bankers

Accountant

Accountants are one of the most sought-after careers for anyone with a commerce degree. Financial records and other associated documents must be prepared, recorded, and interpreted by them.

Professional qualifications are required in certain areas of accounting specialty. Forensic accounting, taxation, environmental accounting, personal financial planning, and many others are examples of such fields.

As of 2020, the average compensation for an accountant in the United States is $73,560 per year, while the average basic income for a trained accountant in Nigeria is N 140,500 per year. The compensation structure depends on the level of qualification and differs from place to place.

Also, Apply for Office Assistant Jobs.

Book Keeper

Bookkeepers play an important role in a company’s financial department. Although bookkeeping is a part of the accounting department, it can function independently. The primary responsibility of a bookkeeper in an organization is to maintain track of the company’s transactions.

When it comes to planning, budgeting, and making choices, information from bookkeeping records is critical for the business.

According to surveys, the average income for bookkeepers in Nigeria ranges from N77,000 to N160,000.

Accountant Assistant

Accounts assistants typically help the organization’s top-level accountants. Their responsibilities include data entry, financial record and report generation, financial document processing, and accounting clerical duties.

In the United Kingdom, an accounting assistant’s typical salary ranges from £ 23,000 to £29,250. In Nigeria, the average monthly income ranges from 80,000 for newcomers to 230,000 for experienced workers.

Logistics Manager

The logistics manager is in charge of overseeing the movement, distribution, and storage of commodities obtained from or for the company.

Their primary responsibilities include creating schedules for the transportation of goods, determining the best budget for the shipment, determining the best routes, selecting the best storage option, and registering and processing shipments.

A logistic manager in Nigeria earns between N90,000 to 140,000 per month depending on the scope of the business and the level of working experience.

Also, Apply for Jobs in the United States.

Marketing Manager

Every business, large or little, requires a marketing platform to promote its products and attract new clients. A marketing department is organized separately for marketing activities in a large organization, with the marketing manager as one of the department’s executives.

The marketing manager’s primary responsibilities include supervising marketing team members as they develop ideas and methods for attracting new consumers and retaining existing ones. According to Salaryexplorer, a marketing manager’s average income ranges from N380,000 to N630,000 per annum.

Financial Analyst

Financial analysts are hired by businesses to help them understand their financial performance and forecasts for the future.

A financial analyst is responsible for evaluating and analyzing a company’s finances to provide a financial performance report that can be utilized to make forecasts and business choices. In the United States, a financial analyst’s average annual pay is $83,660, whereas, in the United Kingdom, it is £78,750.

Actuary

Actuaries are in charge of assessing risk and uncertainty in business processes and decisions to evaluate if they have a positive or negative influence on the company’s finances.

The strategies are based on mathematical, statistical, and financial theoretical expertise. Actuaries work for insurance companies. Actuaries earn an average of $98,688 per year, according to payscale.

Auditors

Auditors are generally examiners in a financial setting, they examine financial records and keep track of the inflow of cash to check for discrepancies. They make sure the accounting records are in line with the financial laws and regulations.

An auditor can work in-house in a company as an internal or as an external auditor hired by the company. Auditing is one of the most respectable jobs in the finance department. The average pay for an editor is $56973 per annum.

Purchasing agents

Purchase agents, as the name implies, are in charge of making purchases on behalf of a firm or company. Their task is to find and purchase the things that the firm need.

They will assess and provide feedback on these products, as well as the conduct of the purchase negotiation.

A purchasing agent’s average compensation is between $54,652 to $75,890.

Also, Apply for Jobs in the United Kingdom.

Inventory Officers

Inventory officers will keep track of arriving and exiting goods and keep track of the available supplies in the inventory. They collaborate with the logistics department to plan the inbound and outbound shipping of inventory.

An inventory office’s average compensation is $90,000 per year.

Cashiers

We all know what a cashier is since we see them at stores, banks, restaurants, and supermarkets. To facilitate transactions, the job description includes accepting payments from consumers in the form of cash, checks, credit, or debit cards. A cashier’s annual salary ranges from $25, 268 to $32, 392 dollars.

Investment Bankers

When employed, an investment banker serves as a consultant to a firm or government. Their primary responsibilities include assisting the government or an organization in raising funds through debt or equity sales.

They assist their clients in identifying fantastic investment possibilities and persuading them to invest. Investment bankers play a critical role in the processes of mergers and acquisitions, takeovers, and mergers.

An investment banker’s employment is lucrative since they are well compensated; the average yearly income for an investment banker is $80,540.

Other career opportunities in commerce are:

• Trust Officers
• Tax Consultants
• Cost accountants
• Sales Representative
• Bursars
• Insurance agent
• Broker
• Economist
• Statistician, and many more.

Final Notes on Career Opportunities in Commerce

Commerce is a wonderful course to study as there are plenty of choices to choose from when it comes to career options. Sales, marketing, advertising, and finance are all examples of commerce jobs.

Finding a job in commerce begins with researching the various industries in which you can work and matching yourself to the appropriate position.

Before you go, check the Best Paying Jobs in Technology.