In Canada, having a commerce degree can be highly valuable because it can open up diverse career paths for students. It also helps that there is such a strong demand for commerce professionals in Canada, which is evident from the salaries that they receive. The average annual base pay for a commerce-related profession in Canada is CAD 56,251, and it can range up to CAD 69,971 a year as well, depending on several factors.
This blog will discuss the highest-paying jobs in commerce available in Canada and also find out the key factors that are driving such high salaries for professionals in this sector.
Source: Glassdoor
Top High-Paying Commerce Roles in Canada
Canada offers several high-paying job roles for commerce graduates, and these roles consistently enjoy demand, which is a major driver of the attractive packages they receive. The most critical factors influencing it are experience, industry, location, and the candidate’s education.
| Job Role | Salary |
| Management Consultant | CAD 122,224 |
| Investment Banker | CAD 114,746 |
| Marketing Manager | CAD 101,280 |
| Financial Analyst | CAD 100,479 |
| Chartered Accountant | CAD 67,000 |
Sources: Indeed and Glassdoor
Management Consultant
Management consultants are among the high-salary jobs in the commerce stream in Canada because they help organizations improve their performance and drive growth by assessing business practices, suggesting strategic improvements, and solving complex problems. They work across various industries and often operate independently or as consultants for firms. They also engage with clients on projects that involve operations, human resources, strategy, and technology.
To work as a management consultant, one should possess strong analytical skills, practical communication expertise, and sound business acumen. Their role requires them to be adaptable individuals as they work in fast-paced environments with diverse clients.
Also Read: Highest Paying Non-Tech Roles in Canada
Investment Banker
Investment bankers specialize in raising capital for various entities, including governments and companies. They offer suggestions on mergers and acquisitions, help clients navigate complex financial markets, and also issue bonds and stocks.
They perform high-stakes work at a fast pace, and this is why they need a deep knowledge of finance, exceptional negotiation skills, and sharp analytical abilities.
Marketing Manager
Marketing managers have one of the best-paying commerce jobs in Canada as they oversee campaigns, market research, and brand strategies to drive customer engagement and product awareness. They offer a combination of creativity and data-driven decisions to determine target audiences, develop promotional plans, and craft messages that compel people to buy from them.
These professionals play a crucial role in various industries within Canada’s dynamic business landscape, including tech, retail, finance, and healthcare.
Also Read: Highest-Paying Companies in Canada
Financial Analyst
Financial analysts analyze the financial health of companies, markets, and industries to guide investment-related decisions. Their work involves interpreting financial statements, forecasting trends, creating models, and providing recommendations to executives or clients.
They work in various establishments, including banks, government agencies, investment firms, and large corporations.
Chartered Accountant
Chartered accountants are among the highest-paying jobs in commerce in Canada because, as licensed professionals, they manage key services such as financial reporting, taxation, auditing, and advisory. They ensure that their clients comply with accounting standards and also assist organizations in maintaining their financial integrity.
To work as a chartered accountant in Canada, one typically needs to acquire the designation of a Chartered Professional Accountant or CPA.
Also Read: Top 10 Highest Paying Jobs in Canada
Key Factors Driving High Salaries in Commerce in Canada
There are several reasons why the high-paying commerce jobs in Canada offer the kind of remuneration that they do.
Specialization: For starters, candidates who specialize in finance, consulting, and technology earn rather well among all commerce graduates.
Industry demand: There is also significant demand for graduates in industries such as finance, healthcare, and technology. So, a commerce graduate working in any of those sectors can always expect a more lucrative pay package.
Location: Commerce graduates working in metropolitan areas such as Toronto, Montreal, and Vancouver typically receive higher salaries due to the high cost of living in these cities.
Also Read: Top Finance Courses in Canada for Aspiring Professionals
How upGrad Can Help You Land These Top Roles
The Master of Science in International Accounting and Finance program, offered by O.P. Jindal Global University through upGrad, is ideally suited for candidates seeking to secure the best-paying jobs in commerce in Canada. The ACCA, UK, has accredited this course, lending credence to its claim as a top-tier commerce course. The university has designed the course specifically for students who want to pursue an accredited and globally recognized accounting qualification. This program also offers top-level ACCA exemptions, and the certificate is from PwC Academy. Candidates can be sure that it will fast-track their professional development.
🎓 Explore Our Top-Rated Courses in Canada
Take the next step in your career with industry-relevant online courses designed for working professionals in Canada.
FAQs On the Highest Paying Jobs in the Commerce Field
Q: Which commerce role offers the fastest path to six figures?
Ans: The commerce roles that can offer the fastest path to a six-figure salary are investment banking, financial analysis (especially a CFA), and chartered accountancy.
Q: Do I need a CPA or CMA to reach top salaries?
Ans: A CMA or CPA designation can help secure a high salary for a candidate. Still, they are not the only determining factors when it comes to getting top salaries in accounting.
Q: Is an MBA important for C-level roles in finance?
Ans: An MBA is not a mandatory requirement to work in C-suite roles in finance, but it can substantially improve one’s chances of landing such roles.
Q: How long does it take to become an actuary in Canada?
Ans: The process of becoming a completely qualified actuary in Canada can take anywhere between 7 years and a decade. This process includes acquiring a bachelor’s degree and passing the relevant exams.
Q: How does upGrad support career growth in these high-paying roles?
Ans: upGrad facilitates career growth in high-paying roles through curated programs, hands-on projects, expert-led instruction, and robust placement support, which includes resume building, job placement assistance, and interview preparation.
