Quantum systems with a finite number of states at all times have been a primary element of many physical models in nuclear and elementary particle physics, as well as in condensed matter physics. Today, however, due to a practical demand in the area of developing quantum technologies, a whole set of novel tasks for improving our understanding of the structure of finite-dimensional quantum systems has appeared. In the present article we will concentrate on one aspect of such studies related to the problem of explicit parameterization of state space of an N −level quantum system. More precisely, we will discuss the problem of a practical description of the unitary SU (N )−invariant counterpart of the N −level state space P N , i.e., the unitary orbit space P N /SU (N ) . It will be demonstrated that the combination of well-known methods of the polynomial invariant theory and convex geometry provides useful parameterization for the elements of P N /SU (N ) . To illustrate the general situation, a detailed description of P N /SU (N ) for low-level systems: qubit (N = 2) , qutrit (N = 3) , quatrit (N = 4) -will be given.