Pre-employment - Internship

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Polytechnic Talent for Finance Scheme (PTFS)
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.

Eligibility

Financial Institutions based in Singapore ^[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 SC hires 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

Please complete this form if your Financial Institution would like to participate in the Internship track of the Polytechnic Talent for Finance Scheme. Submission of this form does not guarantee funding.

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 the claim application within three months of the participant’s acceptance of the job offer. If you have met the eligibility requirements, please download the claims form from the resources section and send the completed form to [email protected] for our evaluation. 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.

Download Resources here:

PTFS Infographic (Internship)

PTFS Factsheet (Internship)

PTFS FAQS (Internship)

PTFS Claims Form (Internship)

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 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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