About B.Voc Banking Financial Services and Insurance (BFSI)
The Bachelor of Vocation (B.Voc) in Banking, Financial Services, and Insurance is an undergraduate program that offers skill-based education with multiple entry and exit points. Incorporating the National Skills Qualifications Framework (NSQF), the program aims to enhance employability and meet industry demands through practical training and internships in various BFSI aspects. The curriculum, aligned with industry standards, balances General Education Components (GEC) and Skill Education Components (SEC) in 40:60 ratio. This ensures students gain relevant knowledge and practical skills, making them job-ready at each exit point. Regular industry expert sessions keep students informed about the latest technologies and industry trends. The program prepares graduates with the practical skills and knowledge required by employers in the BFSI sector and includes certification courses from reputable organizations like NCFM, NISM, NSE, and BSE to enhance students’ job market credibility.
Course Objectives
- Develop Industry-Relevant Skills: Equip students with the practical skills and knowledge required for various roles within the BFSI sector, ensuring they meet industry standards and expectations.
- Enhance Employability: Incorporate the National Skills Qualifications Framework (NSQF) to improve graduates’ employability through skill-based education and practical training.
- Provide Hands-On Training: Emphasize practical, hands-on training and internships in banking, financial services, and insurance to prepare students for real-world challenges.
- Promote Financial Literacy: Foster a deep understanding of financial concepts, products, and services, enabling students to make informed financial decisions and provide financial guidance.
- Integrate Technology in BFSI: Introduce students to digital banking, fintech innovations, and regulatory compliance to keep them updated with the latest industry trends and technologies.
- Develop Critical Thinking and Problem-Solving Skills: Encourage analytical thinking and problem-solving abilities to address complex issues in the BFSI sector.
- Foster Professionalism and Ethics: Instill a sense of professionalism, ethical practices, and integrity in financial dealings and decision-making processes.
- Enhance Communication and Interpersonal Skills: Improve students’ communication and interpersonal skills to effectively interact with clients, colleagues, and stakeholders in the BFSI industry.
- Encourage Lifelong Learning: Promote a culture of continuous learning and professional development through industry certifications and ongoing education.
- Prepare for Certification Exams: Align the curriculum with certification courses from reputable organizations like NCFM, NISM, NSE, and BSE to enhance students’ qualifications and credibility in the job market.
- Support Career Development: Provide guidance and support for career planning and development, helping students navigate their career paths and achieve their professional goals in the BFSI sector.
- Facilitate Networking Opportunities: Create opportunities for students to network with industry professionals, alumni, and peers to build valuable connections and insights into the BFSI industry.
Career Opportunities
Graduates of the Bachelor of Vocation (B.Voc) in Banking, Financial Services, and Insurance (BFSI) program are well-equipped to enter a dynamic and growing industry with numerous career advancement and specialization prospects. They can pursue various career opportunities across different segments of the BFSI sector. Here are some potential career paths:
- Banking Sector:
- Bank Officer: Roles in customer service, operations, and administration in commercial and retail banks.
- Relationship Manager: Managing client relationships, offering banking products and services to meet client needs.
- Credit Analyst: Assessing the creditworthiness of individuals and businesses applying for loans.
- Branch Manager: Overseeing the operations of a bank branch, managing staff, and ensuring customer satisfaction.
- Loan Officer: Processing loan applications and evaluating the financial status of applicants.
- Financial Services:
- Financial Advisor: Providing clients with financial planning and investment advice.
- Investment Analyst: Analyzing investment opportunities and making recommendations to clients or institutions.
- Portfolio Manager: Managing investment portfolios on behalf of clients or financial institutions.
- Wealth Manager: Offering comprehensive financial planning services to high-net-worth individuals.
- Risk Manager: Identifying and mitigating financial risks within an organization.
- Insurance Sector:
- Insurance Agent/Broker: Selling insurance policies and advising clients on coverage options.
- Underwriter: Assessing risks and determining the terms and pricing of insurance policies.
- Claims Adjuster: Investigating insurance claims and determining the amount to be paid out.
- Insurance Analyst: Analyzing data to evaluate insurance policies and their effectiveness.
- Actuary: Using statistical methods to assess risk and help design insurance policies.
- Regulatory and Compliance Roles:
- Compliance Officer: Ensuring that financial institutions comply with laws and regulations.
- Regulatory Analyst: Analyzing and implementing regulatory changes affecting the BFSI sector.
- Internal Auditor: Reviewing and assessing the financial operations and controls within an organization.
- Other Career Opportunities:
- Tax Consultant: Advising individuals and businesses on tax planning and compliance.
- Financial Planner: Helping clients plan their financial futures by providing guidance on savings, investments, and retirement.
- Customer Service Executive: Handling customer inquiries and providing support for financial products and services.
- Business Development Manager: Identifying and pursuing new business opportunities within the BFSI sector.
They also have the opportunities for Further Studies and Certifications:
- Advanced Degrees: Pursuing an MBA, M.Voc or other advanced degrees in finance, banking, or related fields.
- Professional Certifications: Obtaining certifications such as Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), or specialized BFSI certifications from NCFM, NISM, NSE, and BSE.
Computer Center
The computer center serves as the practical hub for students enrolled in the Bachelor of Vocation (B. Voc) program.
- High-performance desktop computers equipped with modern processors, ample RAM, and SSD storage for efficient coding and development tasks.
- Each workstation includes peripherals such as a keyboard, mouse, and a high-resolution monitor to facilitate comfortable working conditions.
- Installed with a wide range of web browsers (e.g., Chrome, Edge) and software tools (Advanced Excel, Tally ERP, SPSS) required for BFSI.
- Access to high-speed internet connectivity to access to web-based resources.
- Local area network (LAN) connectivity for sharing files and resources among students and faculty members.
- Adequate power backup solutions such as UPS systems to ensure uninterrupted operation during power outages.
- Comfortable seating arrangements and ergonomic workstations to promote a conducive learning environment.
Course Coordinator Details (For Admission related queries)
Name | Contact Number | Email ID |
Ms. Savita Rani | 7404361243 | savita@jcboseust.ac.in |