Faculty Milestones

Celebrating the journey of excellence and growth of the Faculty of Business Studies,
University of Vavuniya

2024

A Year of Expansion & Innovation

  • Signed MOU with the Institute of Chartered Accountants of Sri Lanka
  • Signed MOU with Ontomatrix Pvt Ltd, Safe Foundation and PICTA Organisations
  • Extended agreement with MAG to conduct English training and soft skill development programs
  • Certificate Course in Professional English commenced
  • 27th Faculty Anniversary celebrated
  • 5th RCBS Conference conducted
  • 1st undergraduate research symposium on project management (URSPM) conducted
  • 1st undergraduate conference on Accounting and Finance (URSAF) conducted
  • 2nd International Project Management Day conducted
  • 1st Accounting and Finance Day hosted
  • Business Fellowship program conducted with Asia Foundation
  • Centre for Business Research established
  • Entrepreneurship Student Club established
  • Vavuniya Journal of Business Management indexed in thee Sri Lanka Journal online database (SLJOL).
2023

New Programs & Partnerships

  • Two new honours degree programs in Banking and Insurance and Entrepreneurship introduced
  • Signed MOU with ACCA on 13th January 2023
  • Signed MOU with People’s Bank in April 2023
  • An Agreement was signed with MAG on 22nd of March 2023 and on 22th August 2023 for conducting English training and other soft skill development program respectively.
  • Higher Diploma in English Program commenced 27th May 2023
  • 26th Faculty Anniversary celebrated 7th Sep 2023
  • Youth Leadership Conference conducted 8th Sep 2023
  • Business Fellowship program conducted with Asia Foundation on 31st July 2023.
2022

Silver Jubilee & Infrastructure Growth

  • Micro Small Medium Enterprises (MSMEs) hub was established on 20th December 2022.
  • The faculty celebrated the Silver Jubilee on 4th, 5th and 6th of July 2022.
  • The faculty conducted the 4th Research Conference on Business Studies (RCBS-2022) as a Silver Jubilee Conference.
  • Five Training and Placement Cells were established in five departments
  • Information Technology Services Unit was established
  • MOUs signed with Responsible Project Management, UK, Project Management Institute, Colombo Sri Lanka, Institute of Certified Management Accountants of Sri Lanka, Institute of Bankers, Sri Lanka, hSenid Business Solutions PLC, and Suleco (pvt) Ltd.
  • Introduced PRANA Financial Aid by the Faculty Alumni
  • Introduced Faculty Level Annual Awards
  • 19 MOUs signed with community and industry organisations
  • Job bank was established.
  • Nature and Herbal Park was officially opened.
  • Launched the five student club magazines
    • HR Wisdom
    • The Project Manager
    • Marketing Sparks
    • ECONOBLOGGER
    • FINROOT
2021

University Elevation & Restructuring

  • The Vavuniya Campus of the University of Jaffna has been elevated to as “University of Vavuniya, Sri Lanka” by the extraordinary gazette issued on 08th June 2021.
  • Alumni Association of the Faculty of Business Studies (AAFBS) was officially formed on 14th February 2021.
  • Five new student clubs were established to enrich students’ participation in extra-curricular activities.
  • Five new departments were formed as
    • Department of Project Management
    • Department of Human Resource Management
    • Department of Marketing Management
    • Department of Business Economics
    • Department of Management and Entrepreneurship
      • by abolishing the Department of Economics and Management, gazette on 22nd March 2021 on the recommendation of the University Grants Commission, Sri Lanka.
2020

Academic Excellence & Student Support

  • MOU signed with Chartered Institute of Personnel Management (CIPM)
  • Faculty bi-annual newsletter published
  • 3rd Research Conference on Business Studies (RCBS-2020) conducted
  • Mentoring system introduced for students
2019

Program Recognition

  • Bachelor of Business Management (Honours) in Project Management commenced
  • Faculty obtained “A” grade in Program Review
2018

Academic Publications & Research

  • Department of English Language Teaching established
  • 2nd Research Conference on Business Studies (RCBS-2018) conducted
  • Journal of Business Management (JBM) launched and Volume 01 published
2017

Curriculum Enhancement

  • BBM curriculum was revised for the third time in accordance with Sri Lanka Qualifications Framework (SLQF).
2016

Research Initiatives

  • 1st Research Conference on Business Studies (RCBS-2016) conducted
2015

New Programs & Student Engagement

  • New three-year degree programme of BBM in Project Management commenced
  • 1st Students’ Forum organized
2014

Partnerships & Specializations

  • MOU signed with Sri Lanka Institute of Marketing (SLIM)
  • New specialization of BBM Honours in Human Resource Management introduced
2008

Curriculum Development

  • The curriculum was revised for the second time based on the suggestions made by the Subject Review teams of the Quality Assurance and Accreditation Council (QAAC) and the credit values were amended in accordance with the Common Credit Framework released by the UGC.
  • New specialization of BBM Honours in Business Economics introduced
2006

Community Engagement

  • Industry Community Interaction Cell of the Vavuniya Campus (ICICVC) was established. Short courses and community outreach programs have been conducted under this cell.d
2005

Specialization Opportunities

  • The BBM curriculum was revised for the academic year 2003/2004 and students were given opportunity to follow specializations as Accounting and Finance and Marketing Management
2002

Four-Year Degree Program

  • The faculty has started to offer BBM Degree (Four-year degree) with the two specializations: Accountancy and Finance and Management.
1998

Direct Intake & Degree Programs

  • Direct intake to the faculty was taken place for the academic year 1997/1998 and three-year Bachelor of Accountancy and Finance, and Management degrees were offered.
1997

Foundation Year

  • Vavuniya Campus of the University of Jaffna was established by elevating NPAUC.