BACHELOR OF VOCATIONS (B. Voc.) - Ness Wadia College of Commerce

BACHELOR OF VOCATIONS (B. Voc.) in Banking, Finance and Insurance with Actuarial Studies

Introduction

Finance industry in India is rapidly growing with the insurance sector and financial services. In Pune, the banking sector has grown with headquarters of Bank of Maharashtra, Bajaj Allianz and having regional offices of SBI, LIC of India, ICICI Prudential, HDFC, TATA AIG, KOTAK and many Financial services & insurance industries. There is a large gap between the requirement of skilled manpower for this sector and available manpower. There are very few skill-oriented courses which train students with skills in Banking Services, Financial Services, Mutual Funds and Insurance services. Thus, there is a good job opportunity for students having knowledge of finance, insurance and actuarial studies together.

This course is designed to provide an introduction to the quantitative and qualitative skills in the field of banking, finance and actuarial work. It is a skill-based program which includes on job training/internship. Topics covered include: the role, purpose and capabilities of actuaries; the role, purpose and capabilities of bankers; introduction to the financial services market in India; an overview of insurance, investment products and financial products; construction and use of the life table; allowing for uncertainty in financial calculations; calculation of premiums and reserves; introduction to computational and simulation techniques; professionalism; and the actuarial/banker code of conduct. This course is aimed at anyone, who is interested in the work of actuaries, bankers, insurance agents and investment bankers.

Objectives

To develop conceptual understanding the fundamentals of financial Accounting, banking and insurance, Communication skill, Finance, Entrepreneurial skills, Actuarial skills Mathematical and Statistical Skills, Banking and Insurance Laws, Income tax, GST, Mutual Funds etc. required to cater the requirement of the emerging Banking, Finance and Insurance world.
To impart the various skills like accounting skills, managerial skills, internships, communication skills and to make overall personality development of the students, through practical approach and exposure and make them competent enough to face the global challenges in the contemporary business scenario.
To develop among the students the qualities of an entrepreneur, an insurance agent or investment banker and make them equipped to formulate modern business strategies.
To train the graduates with specialised skills in banking, finance and insurance sector.

Intake capacity

TThe intake capacity for each of the F.Y., S.Y., and T.Y. B. Voc. is of 50 students respectively. The college follows the reservation policy as per government of Maharashtra and the Savitribai Phule Pune University norms.

Course Structure

The B. Voc. Programme is a three-year full-time undergraduate program. The details of the courses are provided as under. Unique feature of the course is that it has multiple entry and exit points with certifications.

Award of degree (As per UGC New Delhi Guidelines Certifications are awarded as follows)

If a student completes 1st year successfully then he/she will be awarded Diploma in Banking, Finance and Insurance with Actuarial Studies.
If s/he completes the first two years successfully then he/she will be awarded Advanced Diploma in Banking, Finance and Insurance with Actuarial Studies.
If s/he completes all three years successfully then he/she will be awarded B. Voc. in Banking, Finance and Insurance with Actuarial Studies.

B. Voc. First Year (F.Y.)

Considering the needs of changing business environments and the emerging business challenges across the globe, the Savitribai Phule Pune University has introduced the Choice Based Credit System.

Semester I

Course Code	Title of the course	Credits
	Skill Component	18
BVBFSI – 101	An introduction to Banking and Insurance	3
BVBFSI – 102	Financial Systems	3
BVBFSI – 103	Vocational Lab in Banking Correspondent (Bank Internship)	12
	General Education Component	12
BVBFSI – 104	Fundamentals of Accounting	3
BVBFSI – 105	Financial Mathematics – I	3
BVBFSI – 106	Basic Course in ‘R’ Programming	3
BVBFSI – 107	Business English - I	3

Semester II

Course Code	Title of the course	Credits
	Skill Component	18
BVBFSI – 201	Microfinance and Microinsurance Institutes	3
BVBFSI – 202	Mutual Funds	3
BVBFSI – 203	Vocational Lab in Mutual Fund Agent (Internship)	12
	General Education Component	12
BVBFSI – 204	Advanced Financial Accountancy	3
BVBFSI – 205	Financial Mathematics – II	3
BVBFSI – 206	IT for Banking and Insurance	3
BVBFSI – 207	Business English - II	3

The courses mentioned below are as per the Revised B. Voc. Program Structure CBCS 2019 Pattern.

Semester III

Course Code	Title of the course	Credits
	Skill Component	18
BVBFSI – 301	Retail Banking	3
BVBFSI – 302	Personal Finance & Wealth Management	3
BVBFSI – 303	Vocational Lab Retail Banking Operations and Personal Finance	12
	General Education Component	12
BVBFSI – 304	Direct Tax	3
BVBFSI – 305	Life Insurance	3
BVBFSI – 306	Business Statistics – I	3
BVBFSI – 307	Actuarial Studies – I	3
BVBFSI – 308	Environmental Awareness	Graded Subject

Semester IV

Course Code	Title of the course	Credits
	Skill Component	18
BVBFSI – 401	MSME Finance	3
BVBFSI – 402	Financial Literacy for Inclusion	3
BVBFSI – 403	Vocational Lab in Financial Inclusion Officer	12
	General Education Component	12
BVBFSI – 404	General Insurance	3
BVBFSI – 405	Indirect Tax	3
BVBFSI – 406	Business Statistics - II	3
BVBFSI – 407	Actuarial Studies – II	3
BVBFSI – 408	Environmental Awareness	Graded Subject

Semester V

Course Code	Title of the course	Credits
	Skill Component	18
BVBFSI – 501	International Trade Finance	3
BVBFSI – 502	Introduction to Machine Learning with R	3
BVBFSI – 503	Practical course on Machine Learning with R	2
BVBFSI – 504	Vocational Lab – International Trade Finance	10
	General Education Component	12
BVBFSI – 505	Entrepreneurship Development	3
BVBFSI – 506	Introduction to International Financial Reporting Standards	3
BVBFSI – 507	Business Communications and Public Relations	3
BVBFSI – 508	Group and Retirement Benefit Schemes	3

Semester VI

Course Code	Title of the course	Credits
	Skill Component	18
BVBFSI – 601	Credit Administration and Monitoring Manager	3
BVBFSI – 602	Introduction to Excel and Financial Modelling	3
BVBFSI – 603	Practical course on Excel and Financial Modelling	2
BVBFSI – 604	Vocational Lab - Credit Administration and Monitoring Manager	10
	General Education Component	12
BVBFSI – 605	Principles and Practices of Auditing	3
BVBFSI – 606	Introduction to International Financial Reporting Standards	3
BVBFSI – 607	Business Ethics and Corporate Governance	3
BVBFSI – 608	Business Economics	3

There is a vocational laboratory course in each semester. This course includes the on-job training or internship and students have to complete this course by working in banks, insurance companies, finance firms etc. After successful completion of this course there will be an examination conducted by Sector Skill Council in Banking, Financial Services and Insurance (BFSI).

Eligibility Requirements

Students migrating from other Countries/Universities/Boards either from the State of Maharashtra or from outside Maharashtra State will be admitted provisionally in the college on production of an eligibility certificate. Admission will be treated as provisional until the ‘eligibility’ is cleared. For this purpose, the students will have to apply in the prescribed form of eligibility certificate along with the following certificates in original (and a photocopy thereof)

Passing Certificate
Statement of marks
Migration Certificate from previous Country / University / Board
Character Certificate
Transfer Certificate from the Principal of the previous college
Passport size photos

The students have to pay the prescribed fees. The responsibility of obtaining an Eligibility lies with the students themselves, failing to which, a student will not be allowed to appear for the final examination and a student’s provisional admission will be treated as cancelled. The college will however provide necessary guidance. The above rules of Eligibility apply to all students admitted to Post Graduation Classes also. No candidates shall be admitted to enter the First Year of the B. Voc. Degree Course unless he/she has passed the Higher Secondary School Certificate Examination of the Maharashtra State Board of Higher Secondary Education or any other equivalent recognized board with English as a passing subject.

Admission Procedure

A Student has to obtain/ download the Admission Form in prescribed format from the College website. The admission form duly filled should be submitted to college along with following documents in original/ scanned version.

School leaving certificate / Transfer Certificate.
Address proof
Original mark sheet (12th Std Mark Sheet or equivalent for Bachelor Courses / graduation- for PG courses)
Three Passport size photos

Students are requested to update themselves of the merit list on the College website and seek admission by payment of fees (online). The admission is confirmed only after the fees are paid in full.

Registration and Admission fees

Admission for degree and diploma courses will be confirmed only after receipt of admission form duly filled in all respects along with original documents and after payment of registration fees of 150/- and complete fees.
NOTE: Registration fee is non-refundable.

Frequently Asked Questions - FAQs

Is the B. Voc. Program a Full Time program?

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Yes, B. Voc. is a 3-year full time program.

Can I work alongside my study?

Since the B. Voc. program is a full time program, students are expected to attend college regularly as per SPPU, Pune and UGC New Delhi norms. Students may, if they wish, join a part time job without missing on the academics and co-curricular activities of the college.

Is a student allowed Internship during the program?

Yes. College has a dedicated Training and Placement Officer (TPO). TPO will also take necessary efforts to provide Internship and placement for registered interested students.

Is the Admission assured after filling up the Admission Form?

No. After the submission of Admission Forms, Merit lists are prepared. Admission for B. Voc. is based on Merit and conditional to eligibility approved by SPPU, Pune and other Government guidelines.

What are the Fees of the B. Voc. Program?

The fees of the B. Voc. Program is as per the SPPU, Pune guidelines. For further queries and clarifications, contact the administration office.

Is internship or on-job training compulsory?

Yes. Internship or on-job training is an integral part of the course and it is compulsory.

Is it necessary to Submit assignments and Tutorials?

Yes. Each Assignment, presentation and Tutorials carry marks. There is a separate passing head in Tutorials and it is essential to pass.

Is Passing in every Head compulsory?

Yes. Under the Choice Based Credit System (2019 Pattern), passing separately in each Head is compulsory. Heads imply Internal Examination, Tutorials, External Examination, Viva Voce and Practical wherever applicable. Backlogs in only four heads are allowed to be carried forward to the subsequent year. A student will have a backlog if he/ she is unable to secure 40% in each head separately.

How does this course differ from B. Com. or BBA?

This is a skill-based course in a specialised area of Banking, Finance and Insurance. Internship or on-job training is an integral part of this course. Unique feature of the course is that it includes the courses in Actuarial Studies.