Context

During the next 15 years more than 250 million young people will join the Indian labour
market. As sustainable economic development and job creation for skilled labour is at the
top of the agenda in India, the government has recently launched the initiatives ‘Make in
India’ and ‘Skill India’ to support the training of up to 500 million people by the year 2022 in
line with the forecast of requirement for skilled manpower in future. For this purpose, the MHRD
and Government of India has deeply stressed upon the need of Vocational Courses which can fill the
evident skill gap. All such courses aimed at imparting the skill dimension in addition to the formal
education helping the young students to complete their graduation and become job ready
simultaneously are named under Bachelor of vocational studies (B.Voc.)

India has formally entered the Washington Accord. What this accord means is that any
qualification in India be it Degree, Diploma or Certificate will have a equivalent one in other
countries majorly USA, European Union , Canada, Australia. What it also means is that
Indians can now apply for Visa for these countries under various skill based Visas these
countries release every year based on their internal requirement.

Indian education system is based on input and now for the first time we have moved from
input based education to outcome based education. This is a paradigm shift in our
education system.

The new-generation B.Voc. Courses are based on the National Skill Qualification Framework
(NSQF) approved by AICTE and offer to address the critical knowledge and skill-sets required
to make the candidate “industry ready” and also shape “young-entrepreneurs” in the
relevant sectors. These courses make the students to be career ready on three aspects:
academic skills, employability skills, and technical, career-specific skills.

The curriculum is industry oriented comprising of 60 % as Skill Component providing

students with appropriate domain based skill, knowledge, practice and professional attitude
while 40% of the total curriculum is General Component which gives adequate emphasis to
current affairs, languages and communication.

FEATURES OF BVOC

 Integrates NSQF within the undergraduate level of higher education in order to enhance
employability of the graduates and meet industry requirements. Such graduates apart from
meeting the needs of local and national industry are also expected to be equipped to
become part of the global workforce.
 It provides flexibility to students by means of pre-defined entry and multiple exit points.
 The programme offers multiple exit options, wherein after the first year, the candidate can
exit with a Diploma in a specific skill area or can move to a graduation program of maximum
duration of two and a half years. After two years, the candidate can exit with Advanced
 Diploma in the skill. After earning the B.Voc degree, he/she has three options viz. (a) to start
a micro level enterprise or (b) to work in the corporate sector (c) move to a master’s course
followed by research in the specific skill area.
 Ensures that the students have adequate knowledge and skills, so that they are work ready
at each exit point of the programme.
 Such an arrangement would encourage employability, and also flexibility to pursue
formal education and take up appropriate jobs at the end of different levels of
certification.

How is BVoc. different BCOM/ BBA /BCOM(HONS.)

The outcome of a student after a course is more important than the process. A Bachelor of Vocation
degree adresses this issue. Most of the undergraduate education stresses upon learning how to
think. Students master vocabulary, models, theories, forms, and idealistic/wishful thinking
principles. In stark reality, the corporate and job world is much different as there is a lot more gray,
and a things are validated or mired out depending on other skills. Vocational education with on-the-
job vocational training teaches people how to do.

POINT OF DIFFERENCES IN FAVOUR OF B.VOC. :

 Industry oriented curriculum stressing upon 60 per cent of the curriculum in skill dimension.
 Apprenticeships and Job oriented training
 Industrial training & corporate Tie ups for student industry interface
 Higher placement opportunities
 Multiple exit points and greater mobility across courses being based upon Choice Base
Credit System.
 Realistic insight of the industry
 Industry Engagement and Competency based Curriculum.
 Courses offered are of short-duration and affordable
 Global relevance of the course
 Accreditation of Skill Knowledge Providers, Assessment and Certification of Quality
Assurance.

WHY B.VOC IN BANKING & FINANCE

Banking today is a niche career for enthusiasts in the field of commerce and accounts. For the
beginners, it is the first step towards understanding the global economy, discovering the challenges
of the marketplace and identifying themselves with a career that provides them with tremendous
opportunities, both within the country and abroad.

With new banks coming up every year owing to privatization of services, the industry indeed
provides sufficient room for graduates in any field. If you are a graduate with an added skill
advantage in Banking and Finance, you can get placed as a sales executive for loans, mortgages and
insurance with any of the leading banks.
Banking is a career that offers opportunities to students from all streams but B.Voc in Banking &
Finance will obviously have an edge over other traditional courses such as B.Com, B.Com(Hons.)
and BBA.

EMPLOYMENT OPPORTUNITIES IN BANKING & FINANCE AFTER BVOC

Banking as a career provides opportunities to students from B.Voc Banking & finance in all
disciplines such as with a banking BPO as process executive. Companies such as GE Money, Max New
York, leading banks such as ICICI, HSBC, HDFC, Standard Chartered, American Express,select students
from colleges for their BPOs and KPOs.

AVAILABLE JOB ROLES

 Retail Banking
 Bank tellers and customer service representatives
 Bank managers and financial advisors.
 Investment banking
 Asset management & hedge funds
 Mergers & acquisitions
 Private banking.
 Insurance brokers to claims management professionals.
 Financial analyst
 Investment adviser