As the colleges in the city of Pune in Maharashtra have started admissions for undergraduate courses after the announcement of Class XII results, several new courses have been announced by the colleges.
Keeping in mind the lessons learned during the pandemic and the growing demand for skilled labor in certain industries, courses related to taxation, fintech, payment industries and data analytics have found their place in the curricula of many colleges.
At BMCC College, two new courses are offered starting this year, BCom Fintech and BCom Honours. As India becomes the second largest FinTech market, academic authorities have said that the technology’s popularity in various financial services sectors has given FinTech a competitive edge. “In the time of Covid, we have seen how technology is overtaking many aspects of the financial and banking sector – reliance on electronic transactions, rise in the mobile payment sector, paperless banking, secure payment gateways, etc. Today, there is a high demand for workers with knowledge related to Fintech such as machine learning, data analysis, use of programming to perform banking functions. We have seen several disruptions in the financial sector. We can take the case of cryptocurrency. It is a new market and few people know what this new currency is, how it is traded, legalities, regulations etc. That is why we thought of offering this course, which will impart specific areas of knowledge to students and give them an extra edge in the job market,” said Director Seema Purohit.
The other course, BCom Honors, is designed keeping in mind student demands to pursue employment opportunities in various sectors such as finance, management, taxation and professional courses such as CA/CS/CMA, PG program from top B. schools in India and abroad, International Certifications like CFA/CPA etc.
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“This course once again responds to industry demand. For many years we have seen students, who are preparing for competitive courses such as CA or CS, do not pay much attention to classroom instruction, but focus on the internship and preparations. Since their bases are weak, they lack certain skills. We get feedback from industry that the quality of interns coming in is not up to par. Hence, we have decided to start this four-year course which will be organized with the Institute of Chartered Accountants of India (ICAI),” she said.
The 160 credit course will be based on skills development and will cover topics such as management, finance, costs and management, accounting, direct and indirect taxes, law, economics, entrepreneurship and trade.
While colleges offer courses in the fields currently in demand in the industry, a few have even linked up with foreign institutes to offer international certifications.
Symbiosis College has partnered with the UK-based Institute of Analytics for their new course, BCom with Business Analytics, starting this year.
“Today when you see the job market, artificial intelligence and machine learning are becoming the buzzword and there are several jobs aligned with these skills. While usually courses are only available for students in science in these fields, we believe that from the perspective of finance and marketing, it is very important for business students to study these subjects because if engineers can bring innovation and do research in these fields, it is people with social science training who have to apply them in everyday life. It is a course that prepares our students for tomorrow. Also, after the pandemic, we have observed that more offices pass working from home mode and several international jobs are available, therefore having a foreign certification becomes a positive point, so we have partnered with an international institute. to build a truly global workforce,” Principal Hrishikesh Soman said.
Several institutes in the city have announced professional or employment-oriented courses this year. One of the leading institutes, Fergusson College, will offer two new Professional Baccalaureate (BVoc) degrees in Interior Design and Fashion Technology.
Principal Ravindrasinh Pardeshi said that compared to traditional degrees, students in the professional course are more privileged due to their professional training as well as the conventional knowledge-based curriculum. Both are three-year degree programs, which offer students the option of exiting any year. After completing the first semester, students can obtain a certificate, while after the 2nd and 4th semesters, they can obtain a diploma and an advanced diploma certificate respectively. Those who complete the 6th semester are awarded a full BVoc degree in interior design offered by Fergusson College, Pune (standalone) and Savitribai University Phule Pune.
Likewise, two new media courses ‘B.Voc. Media & Entertainment’ and ‘Certificate Course in Media Skills’ will be introduced to Shri Siddhivinayak Mahila Mahavidyalaya led by Maharshi Karve Stree Shikshan Samstha, (MKSSS), starting this academic year. The courses, which will be taught at the School of Media Activity Research & Technology (SMART), have been designed to train students in media technologies and specific media-related skills.
Radhika Ingle, Director of SMART, said: “Right now, girls are more involved in soft skills such as proofreading or content writing, but girls’ involvement in technological fields such as video, sound engineering or production should also be increased. Therefore, these courses have been designed with the goal of competency-based education.