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Finance Associate Management Scheme (FAMS) FAQs

What is the Finance Associate Management Scheme (FAMS)?

The Finance Associate Management Scheme (FAMS) is a talent development initiative supported by the Financial Sector Development Fund (FSDF). Its objective is to increase opportunities for Singapore Citizens (SCs) to be groomed through structured talent development programmes that can position them well for specialist and leadership roles in the financial services industry.


Under FAMS, FSDF will co-fund salary costs incurred by Financial Institutions (FIs) in the hiring and training of SCs under these talent development programmes.

Our organisation would like to apply for FAMS

Applications are to be submitted within the application window (see below), or prior to the programme commencement (whichever is earlier).


Applications submitted on or after the commencement of the programme, or outside of the application window period, will strictly not be entertained.

 

 

Applications for Year 2025 are now closed.


Hiring baseline for the FAMS
Hiring Permanent Residents (PRs) or Foreign Workers (FWs) under FAMS


Qualifying hires under FAMS must be Singapore citizens who are fresh graduates (within 12 months after graduation) or cross-sector convertees.
Your company may hire PRs or FWs as Management Associates, but these hires will not count towards fulfilling hiring commitment or receive funding support under FAMS.


 

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