OVERVIEW
Internship Track
The Internship Track under the Polytechnic Talent for Finance Scheme aims to equip polytechnic students with skillsets to be job-ready, with success to be demonstrated by eventual hiring by the host FI upon graduation.
eligible criteria
Eligibility Requirements
Singapore Citizens or PR
Singapore Citizens or Singapore Permanent Residents, physically based in Singapore.
Singapore Citizen Graduate with Internship
Applicants must be Singapore Citizens who completed an internship with the host financial institution as a polytechnic student and accepted a job offer (contract or permanent) within 3 months after graduation.
Programme Start Deadline
Eligible training programmes must start no later than 30 April 2026 to qualify for funding support.
Funding SUPPORT
IBF Internship Funding Support
Eligible financial institutions may receive funding support for qualifying polytechnic interns.
TRAINING COURSE
Internship Programme
ELIGIBLE INDIVIDUALS
Singapore Citizen polytechnic interns hired by the host FI within 3 months of graduation
FUNDING AMOUNT FOR DIRECT TRAINING COSTS
80% of monthly internship stipend, capped at $1,000 per month, for up to 12 months.
Funding Claim Process
Accept the Job Offer
Funding claims can only proceed after the participant accepts the job offer with the financial institution and meets all eligibility requirements.
Download the Claims Form
If eligible, download the official claims form from the Resources section and prepare the required supporting information.
Submit via FormSG
Send the completed claims form through FormSG for IBF’s evaluation.
Submit Within 3 Months
Financial institutions must submit the claim within 3 months of the participant accepting the job offer. Late submissions may result in no funding approval.
[1] Entities regulated by the Monetary Authority of Singapore (either licensed, approved, registered or recognised; or exempted from being licensed, approved, registered or recognised), as listed on MAS FI Directory.
[2] Refers to the following polytechnics: Nanyang Polytechnic (NYP), Ngee Ann Polytechnic (NP), Republic Polytechnic (RP), Singapore Polytechnic (SP); or Temasek Polytechnic (TP).
[3] For contract role, the minimum contract duration must be one year.
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