Pre-employment - Internship

Polytechnic Talent for Finance Scheme

The Polytechnic Talent for Finance Scheme (PTFS) is a talent development initiative supported by the Financial Sector Development Fund (FSDF). Its objective is to encourage financial institutions (FIs) to hire and train more polytechnic students and graduates to improve employment outcomes for polytechnic graduates in the financial services sector. The scheme comprises three tracks for FIs to attract polytechnic students and graduates at three stages of their career journey.

Pre-employment - Internship

Upon Graduation - Apprenticeship

In-employment - Sponsorship

Overview

What is the 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.

Eligiblity

Applicants must be Singapore-based FIs^[1].
Eligible programme participants must be Singapore citizens (SCs) who have completed an internship with the host FI as student of a polytechnic^[2], and have accepted a job offer (whether contract^[3] or permanent) with the host FI within three months after graduation from the polytechnic.
Only incremental SC hires^[4] will be supported.
Eligible programmes must commence no later than 30 April 2026.

Funding Support

For each qualifying intern: 80% of monthly internship stipend, capped at $1,000 for every month of internship completed, for up to 12 months.

How to Apply

Subject to the fulfilment of all eligibility criteria, funding for approved claims will be disbursed on a reimbursement basis, after the participant accepts the job offer.

FIs are required to submit your claim application within three months of the participant’s acceptance of the job offer. For late submissions, the applicant bears the risk of no funding.

The applicant is to ensure that documents and information submitted are true, accurate and complete. IBF may request for additional information to support its evaluation of the claim application.

Footnotes:

[1] Entities regulated by the Monetary Authority of Singapore (either licensed, approved, registered or recognised; or exempted from being licensed, approved, registered or recognised).

[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.

[4] This refers to the number of SC interns hired above the average number of SC interns hired by the FI over the past 5 years.

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