The Education Environment

India, at present, is recognized as one of the youngest nations in the world with over 50% of the
population under 30 years. It is estimated that by about 2025, India will have the 25% of the total
global workforce. The opportunity to reap the benefits of “demographic dividend” has to be utilized
only with the skilled workforce. Evidently, apart from meeting its own demand, India has the
potential to become the worldwide hub for outsourcing skilled manpower. The GoI has set-up a
target to impart necessary skills to about 500 million people by 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.

BACHLEOR OF VOCATION (B.VOC)

Under National Skill Qualification Programme, the new-generation B.Voc Courses based on the
National Skill Qualification Framework (NSQF) approved by AICTE are offered to address the critical
knowledge and skill-sets required to make the candidate “industry ready” and also shape “young-
entrepreneurs” in the relevant sectors.

The Skill-Development component will provide students with appropriate domain based skill,
knowledge, practice and professional attitude, so as to become work ready. The General Component
which is about 40% of the total curriculum gives adequate emphasis to current affairs, languages and
communication skills. The new generation BVoc Courses which are based on contemporary curricula,
therefore, provide a new direction and thrust to skill development in the various sectors which
operate in a globally competitive environment.

The initiative is a significant one as it goes a long way in promoting skill-based competency modules
where a student can undergo skill-based learning and have both lateral and vertical mobility. 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. 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.
OBJECTIVES

 To provide judicious mix of skills relating to a profession and appropriate content of general
education.
 To ensure that the students have adequate knowledge and skills, so that they are work
ready at each exit point of the programme.
 To provide flexibility to students by means of pre-defined entry and multiple exit points.
 To integrate 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.

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 student of BCom, you can get placed
as a sales executive for loans, mortgages and insurance with any of the leading banks. All you need is
good communication skills. Similarly, if you hold an MBA in finance from a good b-school, you can
expect to be placed as a relationship manager. The salary packages are accordingly decided.

Banking is a career that offers opportunities to students from all streams, be it humanities,
commerce or science. However, to make a career in banking, you must be good at analysing
numbers, that is, your mathematics must be strong enough to interpret and analyse numerical data.
You must be prepared for the Banking Entrance Exams and for the interviews that follow these
entrance examinations.

Is it the Right Career for Me?

Banking as a career provides opportunities to students from all subjects. For instance, if you are a BA
student with excellent communication skills, you can actually get placed with a banking BPO as
process executive. Companies such as GE Money, Max New York and leading banks such as ICICI,
HSBC, HDFC, Standard Chartered, American Express, to name a few, select students from colleges for
their BPOs and KPOs.

Thus, choosing banking as a career is a wise option for those interested in growing fast in their
careers and those who wish to get exposure to world markets at an early stage itself.