Applications for WMAP 2023 are closed.


What is the Wealth Management Accelerator Programme?

The Wealth Management Accelerator Programme (WMAP) is a new hire Career Conversion Programme (CCP) that aims to build up an industry pipeline of Retail Banking Relationship Managers as Financial Institutions (FIs) grow their Wealth Management business. 

This is a full-time programme as mid-career applicants selected for this programme will be hired by a FI and receive industry-curated structured training and on-the-job training over a period of 3 months to pivot into a career in Wealth Management within the financial services sector. 

The programme is managed by the Institute of Banking and Finance (IBF), with the support of Workforce Singapore (WSG), the Monetary Authority of Singapore (MAS), appointed training provider Wealth Management Institute (WMI) and participating FIs.

Hear from Individuals who participated in the first run of WMAP in the profile features below.

Who can apply?

Mid-career individuals who are passionate about pursuing a Wealth Management career in the Financial Services sector and who fulfil the following eligibility criteria may apply:

Eligibility Criteria

  • Singapore Citizen or Singapore Permanent Resident
  • Minimum 21 years old
  • Graduated or completed NS (whichever is later and where relevant) for at least two years at the point of application
  •  Possesses either: 
    • a degree, 
    • a diploma awarded by a polytechnic in Singapore,  
    • GCE ‘A’ Level certificate with passes in at least three subjects at “Higher 2” level and two subjects at “Higher 1” level, or 
    • an International Baccalaureate Diploma qualification
  • No prior work experience in these fields within financial services sector: 
    • Personal Banking, 
    • Financial Planning, 
    • Bancassurance, 
    • Wealth Management, or 
    • Relationship Management
  • No outstanding sponsorship obligations from other government-funded programmes
  • Must not be a shareholder* of the hiring Financial Institution (FI), or its related companies
  • Must not be related to the owner(s)^ of the hiring FIs
  • Must not be immediate ex-staff of the hiring FIs or its related companies
* does not apply to publicly traded shares in listed companies
^ for non-publicly listed companies, refers to individuals with shareholding per ACRA profile
How does it work?

Monthly Salary during WMAP

Monthly Salary Range: $3,500 to $4,500 per month with CPF contributions.

Exact salary offered will be discussed and confirmed during the interview and offer stage with the hiring Financial Institution (FI).

Application and Selection Process

  • Applicants can indicate up to 3 preferred FIs when applying for the programme, but IBF will forward your application to all participating FIs for their consideration
  • Shortlisted applicants will be invited for interview(s) with the participating FIs
  • Successful applicants will be offered full-time employment with the hiring FI. New Hires will acquire the necessary skills, complete the required Capital Markets and Financial Advisory Services (CMFAS) examinations and attain IBF Certification Level 1 through (a) structured training with the appointed training provider and (b) on-job-training with the employing FI.
Participating Financial Institutions
  • Citibank
  • CIMB Bank
  • DBS Bank
  • HSBC 
  • Maybank
  • OCBC Bank
  • RHB Bank
  • Standard Chartered Bank 
  • UOB Bank 
How do I apply?
  • Applicants should complete the application via the web-form with necessary declaration on WSG MyCareersFuture
  • Applications are closed.
  • Applicants will need to use their SingPass to login to the application portal to complete their application
  • Applicants shall agree for their details in the application to be shared with government agencies, Financial Institutions as well as IBF Careers Connect, to contact them for job matching services should their application to WMAP be unsuccessful

Key Milestones 

Please note that below is an indicative timeline and IBF reserves the right to adjust the timeline accordingly.

​Month ​Activity
​Jun - Jul 2023
  • Online Application
Aug 2023
  • Eligible applicants will be invited to an Interview Preparatory Workshop
Aug- Sep 2023
  • Shortlisting and Interview by Financial Institutions
​Sep - Dec 2023
  • ​Extension of Offer(s)
  • Onboarding of New Hires who accepted offer
Jan 2024
  • ​Commencement of Structured Training


Wealth Management Career Seminar 


To find out more about the programme, watch the Wealth Management Career Seminar below:

Hear from business leaders who have provided key insights into the industry prospects and the WMAP experience during the recent Wealth Management Career Seminar!