Schemes and Initiatives
Published Date: 29 October 2019

Financial Specialist Scholarship (FSS)

The Financial Specialist Scholarship (FSS) (previously known as the Finance Scholarship Programme) is a postgraduate scholarship programme that helps develop specialist leaders in a variety of fields in Singapore's financial services sector.

What It Is

The FSS is 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 and data science

Company Track

The FSS will co-fund with Singapore-based financial institutions (FIs)* to send their promising Singaporean financial services sector professionals for postgraduate study in the targeted areas. 

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

Individual Track

The FSS will co-fund outstanding Singaporeans’ pursuit of postgraduate study in the targeted areas. Applicant must apply on your own to the respective universities prior to submitting your applications for the FSS. The applicant is not required to secure admission to the programme at the point of application.

Eligibility

FSS is open to Singaporeans only, and Singaporean candidates fulfilling or demonstrating abilities/qualifications in the following areas will be given favourable consideration:

  • 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 services sector* working experience

Candidates who have commenced the programme at the point of application will not be considered.

How to Apply

The FSS is administered by the Institute of Banking and Finance (“IBF”) .  IBF is the industry association established to foster and develop the professional competencies of the financial services sector.

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

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

For more information and/or to obtain the prescribed forms, you may visit https://www.ibf.org.sg/programmes/Pages/FSS_IBF.aspx or contact funding@ibf.org.sg .

*Financial institutions or companies in the financial services sector refer to entities regulated by MAS (either licensed or exempted from licensing).