Vocation in this sense is neither mere occupationalism nor pietism, arguably two prominent contemporary misunderstandings of the term.
In the first, the meaning and purpose of students' education is construed solely or primarily in terms of preparing for an occupation. Profession-aimed education is an important part of an intentionally vocation-nurturing university, but finding one's vocation is far more than finding an occupation, even one called a "profession." It is gaining a sense of one's purpose and role in life, both within one's career and outside it -"outside" it both in respect to the extra-professional aspects of one's life, and in respect to one's obligation to examine and understand critically the larger role a profession plays in human life.