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

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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.

  • 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 CodeTitle of the courseCredits
Skill Component18
BVBFSI – 101An introduction to Banking and Insurance3
BVBFSI – 102Financial Systems3
BVBFSI – 103Vocational Lab in Banking Correspondent (Bank Internship)12
General Education Component12
BVBFSI – 104Fundamentals of Accounting3
BVBFSI – 105Financial Mathematics – I3
BVBFSI – 106Basic Course in ‘R’ Programming3
BVBFSI – 107Business English - I3
Semester II
Course CodeTitle of the courseCredits
Skill Component18
BVBFSI – 201Microfinance and Microinsurance Institutes3
BVBFSI – 202Mutual Funds3
BVBFSI – 203Vocational Lab in Mutual Fund Agent (Internship)12
General Education Component12
BVBFSI – 204Advanced Financial Accountancy3
BVBFSI – 205Financial Mathematics – II3
BVBFSI – 206IT for Banking and Insurance3
BVBFSI – 207Business English - II3

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

Semester III
Course CodeTitle of the courseCredits
Skill Component18
BVBFSI – 301Retail Banking3
BVBFSI – 302Personal Finance & Wealth Management3
BVBFSI – 303Vocational Lab Retail Banking Operations and Personal Finance12
General Education Component12
BVBFSI – 304Direct Tax3
BVBFSI – 305Life Insurance3
BVBFSI – 306Business Statistics – I3
BVBFSI – 307Actuarial Studies – I3
BVBFSI – 308Environmental AwarenessGraded Subject
Semester IV
Course CodeTitle of the courseCredits
Skill Component18
BVBFSI – 401MSME Finance3
BVBFSI – 402Financial Literacy for Inclusion3
BVBFSI – 403Vocational Lab in Financial Inclusion Officer12
General Education Component12
BVBFSI – 404General Insurance3
BVBFSI – 405Indirect Tax3
BVBFSI – 406Business Statistics - II3
BVBFSI – 407Actuarial Studies – II3
BVBFSI – 408Environmental AwarenessGraded Subject
Semester V
Course CodeTitle of the courseCredits
Skill Component18
BVBFSI – 501International Trade Finance3
BVBFSI – 502Introduction to Machine Learning with R3
BVBFSI – 503Practical course on Machine Learning with R2
BVBFSI – 504Vocational Lab – International Trade Finance10
General Education Component12
BVBFSI – 505Entrepreneurship Development3
BVBFSI – 506Introduction to International Financial Reporting Standards3
BVBFSI – 507Business Communications and Public Relations3
BVBFSI – 508Group and Retirement Benefit Schemes3
Semester VI
Course CodeTitle of the courseCredits
Skill Component18
BVBFSI – 601Credit Administration and Monitoring Manager3
BVBFSI – 602Introduction to Excel and Financial Modelling3
BVBFSI – 603Practical course on Excel and Financial Modelling2
BVBFSI – 604Vocational Lab - Credit Administration and Monitoring Manager10
General Education Component12
BVBFSI – 605Principles and Practices of Auditing3
BVBFSI – 606Introduction to International Financial Reporting Standards3
BVBFSI – 607Business Ethics and Corporate Governance3
BVBFSI – 608Business Economics3

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?

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.