The Financial Sector Development Fund (FSDF) was set up to facilitate the development and enhancement of talent and other infrastructure for Singapore's financial centre.

The Finance Scholarship Programme (FSP) is one of the initiatives supported by the FSDF. Its objective is to build up a critical mass of specialists in targeted fields that would contribute to the long-term growth of Singapore as an international financial centre.

The Finance Scholarship Programme comprises 2 tracks:

• 1. Company-Sponsored Track
  • The FSDF will co-fund with Singapore-based financial institutions to send their promising financial sector professionals and/or fresh graduates for postgraduate study in top Masters programmes in the targeted areas.
  • Candidates must have good honors degree (second upper and above) or equivalent, excellent GRE score of at least 1200 and/or GMAT score of at least 650, and demonstrate strong leadership qualities.
  • Preference will be given to candidates who are Singapore citizens or Singapore Permanent Residents.
  • Candidates must have gained admission into the Masters programmes at the point of application.
  • FSP applications must be submitted to the MAS at least two months before commencement of the postgraduate study.
• 2. Individual Track
  • The FSDF will co-fund with outstanding individuals to pursue postgraduate study in top Masters programmes in the targeted areas.
  • Candidates must have good honors degree (second upper and above) or equivalent, excellent GRE score of at least 1200 and/or GMAT score of at least 650, and demonstrate strong leadership qualities
  • Preference will be given to candidates:
    - who are Singapore citizens or Singapore Permanent Residents, and
    - with at least two years' work experience in the Singapore financial sector
    
  • The FSP is open for applications twice every year, from November to January (deadline: end January) for the first exercise; and from May to July (deadline: end July) for the second exercise. Candidates must apply on their own to the respective Universities prior to submitting their applications for the FSP to the FSDF Secretariat. Only those who have applied to the Universities/programmes will be considered.
  • FSP applications must be submitted to the FSDF Secretariat at least nine months before the commencement of the postgraduate programme.

For application and enquiries on FSP, please contact :

Financial Sector Development Fund Secretariat
Financial Centre Development Department
Monetary Authority of Singapore
10 Shenton Way MAS Building
Singapore 079117
Fax: (65) 6225-3261
Website: www.mas.gov.sg
E-mail: fsdf@mas.gov.sg

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The MITB Scholarship, offered by the MITB (Financial Services) Programme, aims to encourage outstanding full-time and part-time students pursuing the MITB (Financial Services) Programme, to achieve academic excellence in banking products, processes, operations and technology.

A maximum of four scholarships valued at S$5000 to S$10,000 each, will be awarded every year commencing Academic Year 2009-10.

• Eligibility Criteria
  
  To be eligible for this Scholarship, applicants must meet the following criteria:
  • Have outstanding academic results
  • Demonstrate leadership potential
  • Is resourceful, creative, and innovative
  • Must possess qualities of MITB ambassador
  • Must not be a recipient of other scholarship or sponsorship
  • Special consideration may be given to students with financial needs
• Tenure and Benefits of the Scholarship
  
  
  • Each scholarship, valued at S$5,000 to S$10,000 is tenable for the duration of the scholar's studies (up to two years), subject to good academic results
  • The Scholarship will offer partial financial support towards annual tuition fees
  • No bond is required of the scholarship recipients

No application is required for the MITB Scholarship, which is awarded to students in the MITB (Financial Services) Programme after due consideration by the faculty, based on the criteria listed above.

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The SAS Scholarship, established by SAS Institute Pte Ltd, aims to encourage outstanding full-time and part-time students in the MITB (Financial Services) Programme to achieve academic excellence in their studies, particularly in the learning of business intelligence technology and applications.

Each scholarship award is valued at S$7,500.

• Eligibility Criteria
  
  To be eligible for this Scholarship, applicants must meet the following criteria:
  • Full-time/part-time students of any nationality matriculated in the MITB (Financial Services) Programme
  • Is creative, resourceful and innovative
  • Selected students must work on the Capstone project using SAS as the software application
  • Special consideration may be given to students with financial needs
• Tenure and Benefits of the Scholarship
  
  
  • Each scholarship, valued at S$7,500 is tenable for the duration of the scholar's studies (up to two years), subject to good academic results
  • The Scholarship will offer partial financial support towards annual tuition fees
  • No bond is required of the scholarship recipients
  • The Donor and/or its designated companies may offer career opportunities to the scholar.

All MITB (Financial Services) students are considered by SAS for the SAS Scholarship, and short listed candidates will be invited for face-to-face interviews with SAS representatives. The successful candidates will be given an Award certificate during the SAS Forum, usually held in the last quarter of each year.

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As part of the Skills Training for Excellence Programme (STEP)1, the Singapore Workforce Development Agency (WDA) is jointly working with the Singapore infocomm Technology Federation (SiTF) to offer up to 24 Infocomm Technology (ICT) - STEP Scholarships for the ICT sector. The ICT-STEP Scholarship is supported by the Infocomm Development Authority of Singapore (IDA), and aims to groom Singapore Citizens who are currently employed in the ICT sector (both ICT organisations and end-user organisations) and have been identified by employers for potential leadership positions in the company.

WDA, with the support of IDA, is appointing the SiTF as a Programme Manager to administer the ICT-STEP Scholarship awards. As a Programme Manager, SiTF will take on the responsibilities to market and promote the ICT-STEP Scholarship to the ICT sector; screen, interview and evaluate applicants together with WDA and the degree-conferring Institutes of Higher Learning (IHLs) for the ICT-STEP Scholarship.

WDA, IDA and SiTF have jointly identified the following Masters programmes to be supported under the ICT-STEP Scholarship:

• Course Overview
  This programme provides aspiring and existing Technology and Operations professionals in the Financial Services Industry, a comprehensive and in-depth knowledge of business methods and management concepts required in assuming senior levels of responsibility in Technology & Operations projects across all banking segments - corporate, investment, private and retail.
  
  
• Target Group
  It is targeted at professionals with several years of IT and/or operations related work experience in Banking, or other segments of the Financial Services Industry seeking to advance their career in the industry.
  
  
• Eligibility Criteria
  To be eligible for the ICT-STEP Scholarship, an applicant must:
  • Be a Singapore Citizen;
  • Be supported by employers and have been identified by employers for future leadership positions within the company;
  • Meet all the course admission criteria as stipulated by the IHLs;
  • Possess all the relevant professional experience.
• Application & Programme Funding
  Applicants will have to go for a screening and interview process conducted jointly by SiTF, the IHL and WDA. Selected candidates for the ICT-STEP Scholarship can expect up to 90% funding of the course fee, subject to terms and conditions. Successful applicants are required to serve a 1 year minimum service period with the sponsoring company upon the completion of the Master Programme.

For more information please download the Factsheet

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The School of Information Systems recognises the outstanding academic achievements of students in the MITB (Financial Services) Programme through the Outstanding Student Awards. The details are:

1. For each graduation batch, the programme will present 2 outstanding student awards of at least S$3,000
2. Recipients will be determined purely based on merit
3. Must not be a recipient of other scholarship, sponsorship or award

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