SkillsFuture Study Award for Financial Sector
Monetary Authority of Singapore (MAS)

Early career employee

Sector Overview

Singapore’s strategic location in the Asia Pacific offers investors unparalleled access to the global market. Our solid business infrastructure, global connectivity, and trade linkages also mean that investors can benefit from easy access to the 4-billion strong Asian market.

We have earned a reputation for being a stable and secure destination for investments and business expansion – Singapore’s economy has maintained a triple-A rating for many years. Our strong growth potential and the availability of a large pool of finance professionals in Singapore continue to attract many global financial institutions to operate here.

As a regional and global hub, we must continue to attract top talent. The industry will continue to invest in Singaporeans who are committed to a career in the financial sector, so that it can groom a local talent pipeline of exceptional finance professionals and leaders.

Eligibility Criteria

  • Singaporeans with minimum 3 years of work experience in the financial industry

  • Committed to deepening skills; has contributed to the learning and training of others

  • Not a previous recipient of any SkillsFuture Study Award

  • Not a civil or public servant

  • Selected course of study should be relevant to the financial industry

  • Priority will be given to courses with higher net course fees (i.e. course fees after deducting awards, scholarships, grants and government funding)

  •   Applicants are required to declare all awards, scholarships, grants and government funding, resulting in the reduction of the amount of course fees that is payable
  • Applicants can take up to 2 courses to maximise learning opportunities under the SkillsFuture Study Award

Applicants must submit the Course Details Form with your application number as the email subject title to after you have submitted the SkillsFuture Study Award application form online. We regret that incomplete applications will not be considered.

Supported Courses

Supported courses should deepen skills in areas including IT and cyber security, insurance, asset and wealth management, risk management, data analytics, and compliance.

Supportable courses include, but are not limited to, short-term executive technical courses and specialist diplomas programmes such as:

Course Institution
Specialist Diploma in Business Analytics Temasek Polytechnic
Specialist Diploma in Cloud Data Centre Technology and Management Nanyang Polytechnic
Specialist Diploma in Business & Big Data Analytics Nanyang Polytechnic
Specialist Diploma In Cyber Security Management Singapore Polytechnic
Specialist Diploma in Operational Risk Management NUS Risk Management Institute
Advanced Diploma in Enterprise Business Analytics Ngee Ann Polytechnic
Financial Market Operations and Technology: Risk Management Systems Singapore Management University
Advanced Network Forensics & Analytics SANS Institute
Certified Anti-Money Laundering Specialist Association of Certified Anti-Money Laundering Specialists
ICA Advanced Certificate in Governance, Risk & Compliance - IBF Level 1 International Compliance Training Academy (ICTA)
Financial Risk Manager Certification Training Program NUS Risk Management Institute
SMU Executive Certificate in Structured Trade & Commodity Finance Singapore Management University
Master of Science in Analytics Nanyang Technological University
Master in Insurance & Risk Management MIB School of Management
Master of Science (Project Management) with Project Finance Specialisation National University of Singapore
Leading with Big Data Analytics National University of Singapore 
ICA Diploma in Governance, Risk and Compliance International Compliance Training Academy (ICTA)
ICA Diploma in Anti-Money Laundering/Counter-Financing Terrorism International Compliance Training Academy (ICTA)
Oxford Fintech Program University of Oxford 
 Executive Master of Science in Investments and Portfolio Risk Management (EMIR)  National University of Singapore

These are examples of supported courses, and the list is not meant to be exhaustive. Applicants may submit other courses for MAS' consideration on a case-by-case basis. All applications are subjected to competitive selection process.

Application Period and Evaluation Process

The next application cycle is estimated to open in Q3 2019.



Click here to download the application form

Submit your completed application form

Note: Please type your responses directly into the PDF application form. The form is editable, and you will also be able to save and continue your work at your convenience. Hand-written or scanned applications will not be accepted.