Schemes and Initiatives
Published Date: 03 January 2019

Finance Scholarship Programme (FSP)

The Finance Scholarship Programme (FSP) is a postgraduate scholarship programme that helps develop specialist leaders in a variety of fields in Singapore's finance sector. Find out the eligibility criteria and how to apply.

What It Is

The FSP was launched as a postgraduate scholarship programme to develop a pipeline of specialist leaders in the following fields:

  • Specialised finance
  • Finance, applied finance or financial economics
  • Risk management
  • Actuarial science
  • Technology

Company Track

The Financial Sector Development Fund (FSDF) will co-fund with Singapore-based financial institutions (FIs) to send their promising Singaporean financial sector professionals for postgraduate study in the targeted areas.

FIs applying for FSP funding should ensure that their candidates have applied directly to and secured admission into top postgraduate programmes, before submitting their applications.

Individual Track

The FSDF will co-fund with outstanding Singaporeans to pursue postgraduate study in the targeted areas. You must apply on their your own to the respective universities prior to submitting your applications for the FSP to the MAS.


The FSDF Secretariat will undertake a holistic assessment of each application, and more favourable considerations will be given to Singaporean candidates fulfilling or exceeding in the following areas:

  • Good honours degree (second upper or cum laude and above).
  • An excellent GRE score of at least 275, or GMAT score of at least 650.
  • Demonstrate strong leadership qualities.
  • Possess at least two years of financial sector working experience .

How to Apply

For the company track, FIs should submit their application for the FSP at least 2 months before the date of commencement of the postgraduate programme.

For the individual track, the FSP is open for applications from the start of December to the end of March or April every year. Only shortlisted candidates will be notified.

You may contact the FSDF Secretariat for the prescribed forms and for more information at:

Financial Sector Development Fund Secretariat
Financial Centre Development Department
Monetary Authority of Singapore
10 Shenton Way MAS Building
Singapore 079117
Tel: 6225 5577
Fax: 6225 3261