FAQ

General FAQs

1)       Does MAS have a preference for certain disciplines e.g. accountancy or business? Is a non-business related degree e.g. Engineering relevant to MAS?

We recruit candidates from all academic disciplines. We want to build a diverse workforce that is multidisciplinary in nature. We believe that tertiary education provides a good training of the mind and a sound foundation necessary for a professional career. What matters is that you must have a genuine interest to build a career with us. Your adaptability and motivation coupled with the training available in MAS (both formal and on-the-job) would enable you to contribute positively to the organisation. 

2)       What kind of career path awaits me at MAS? 

At MAS, career advancement is based on merit. How far and fast you progress in the organisation depends on your performance and capability. Apart from vertical progression in the organisation, you can also look forward to varied opportunities for professional growth such as participating in projects that cut across multiple areas, pursuing further training and studies, contributing to peer groups in your professional fields as well as making lateral movements across the organisation through internal transfers.

3)       How competitive is MAS’ remuneration package? 

We participate in several salary surveys each year to ensure that our total remuneration package remains competitive. We believe in attracting the best talents to join us and motivating them to contribute their best to the organisation. Aside from remuneration, we believe that it is essential that our officers derive maximum satisfaction from the work that they do in MAS. Staff who live up to the challenges can look forward to attractive bonuses based on individual and organisational performance. 

4)       Will I be informed of the status of my application? 

Due to the high volume of applications received, we regret that only shortlisted candidates will be notified within a month. 

5)       Can I apply for more than one position? 

You can put in multiple applications for different roles.

For Graduate Officer Opportunities, Internship and Scholarship programmes, you only need to apply once.

 

FAQs on Graduate Officer (GO) Opportunities

Academic Background of Candidates

1)         What type of graduates is MAS seeking?  Does MAS consider only certain types of disciplines?

We recruit graduates from all disciplines (except Medicine, Dentistry, and Architecture). We value diversity and seek candidates with well-rounded backgrounds and a consistent track record of academic and non-academic excellence.  We also look for qualities such as integrity, analytical ability, communication skills, enterprise, leadership, team-player qualities and the potential to grow with the organisation. We do not have requirements on degree classification.

2)         While you consider applications from all disciplines, do you have a preference for certain disciplines e.g. accountancy, or business?

 We do not have a preference for any particular discipline.  We believe that tertiary education provides a good training of the mind and a sound foundation necessary for a professional career.  Your adaptability and motivation coupled with the training available in MAS (both formal and on-the-job) would enable you to contribute positively to the organisation.

 3)         I have an Engineering Degree – how relevant is that to MAS?  Do you take in only the very top candidates from non-business related disciplines?

 We want to build a diverse workforce that is multidisciplinary in nature.  Our experience has shown us that engineers can contribute meaningfully to the work in MAS.  What matters is that you must have a genuine interest to build a career with us.  As for the quality of candidates, we maintain very high and stringent selection criteria for all candidates, regardless of discipline.

GO Application

4)         I have some work experience. Am I eligible to apply?

MAS welcomes graduates with little (less than 3 years) or no working experience to apply for the GO positions.

5)         When could I apply for these opportunities?

Undergraduates who are currently studying in their final year can go ahead to apply for our GO positions, even before their graduation.

6)         I am a student studying overseas. Am I eligible to apply for these opportunities?

We are open to both local students as well as students studying overseas.

Interview Process

7)         What is the interview process like?

The GO positions are important aspects of our overall recruitment strategy. This is reflected in the rigor of the recruitment process and the attention given by the senior management. The successful candidate will be assigned to a specific department based on the available vacancies within MAS, assessed aptitudes and his/her expressed area of interest. 

The selection process comprises three stages of assessments: (1) psychometric tests; (2) group discussion and writing test; and (3) panel interview with management staff and HR. For candidates who are based overseas, interviews would be conducted (either via video or teleconference) and psychometric, group discussion and writing assessments would be conducted when candidates are back in Singapore.

Remuneration

8)         How competitive is MAS’ remuneration package?

We participate in several salary surveys each year to ensure that our total remuneration package remains competitive vis-à-vis our competitors.  We believe in attracting the best talents to join us and motivating them to contribute their best to the organisation.  Aside from remuneration, we believe that it is essential that our officers derive maximum satisfaction from the work that they do in MAS.  Staff who live up to the challenges MAS provides can look forward to individual performance bonuses in addition to group bonuses.

9)         How long is the probation period?

The probation period is 6 months.  You will be considered for emplacement to Grade 13 at the 12-month mark.

Training and Career Development Opportunities

10)      I am interested in continuing to develop my skills.  What support and training will I receive at MAS?

MAS is committed to providing training and growth opportunities for our staff.  We believe in equipping you with essential skills and knowledge to enhance your professional competency and personal effectiveness.  You can look forward to functional and general development training at different phases of your career with MAS.  For a start as a young graduate officer, you will undergo the following: 

  • Monthly Induction Programme which covers topics that all new hires need to know to be effective in their work in MAS. These topics include:
    • Orientation – (1 day)
    • Central Banking Induction (2 days)
    • Values and Ethics (1 day)
    • Writing Papers & Minutes (3 days)
    • 7 Habits of Highly Effective People (2 days)
    • Delivering Impactful Presentations (2 days)
    • Procurement Essentials (1 day)  
  • MAS Diploma in Central Banking (offered by the MAS Academy) which seeks to provide MAS’ officers with broad-based knowledge and a good understanding of MAS’ key functions, its core values and ethics.
  • On-the-job Training where you will gain invaluable experience and knowledge through hands-on experiences.
  • Training in developing your Managerial skills, Leadership Capability, and People Development skills as your career progresses.

To broaden the breath of your knowledge and experience, we also provide opportunities such as:

  • Internal Transfers and Attachments 
  • Local and Overseas Courses, Seminars, Conferences and Meetings
  • Educational Sponsorship Scheme, which offers financial assistance and study leave for staff to take part-time courses relevant to their work in MAS.
  • External Attachments, Overseas Postings and Postgraduate Scholarships to study at Local and Overseas Universities.

11)      What kind of career path awaits me at MAS?

MAS is unique! Firstly, we focus on making policy for the financial industry – an industry that is rapidly evolving. Secondly, we don’t just look at one element of finance – we look at all of it.  This gives our role much depth and breadth. We have broad oversight of Singapore’s entire financial industry, and Singapore’s economic position, in a way no one else has.  It’s a broader perspective that makes the issues we think about important and intellectually challenging. MAS makes the policies, the plans and the innovations that shape our country’s financial sector – and the economy as a whole. 

At MAS, career advancement is based on merit.  How far and fast you progress in the organisation depends on your performance and capability.  Apart from vertical progression in the organisation, we also place emphasis on progressing you laterally across the organisation through job rotations. If you show the ability and the potential, you will be given varied opportunities for professional growth. Besides providing training and growth opportunities to each of its staff, MAS emphasizes on teamwork and the notion that more can be achieved as a team. This has encouraged sharing and cooperation among colleagues that created a friendly environment to work in.

Last Modified on 26/11/2016