New scholarship for ITE students offers internship in finance sector

Students at the Institute of Technical Education (ITE) can now apply for a scholarship with internship opportunities in the financial sector at institutions such as Maybank Singapore, OCBC and JPMorgan.

- Gabrielle Chan

In this one-off arrangement, 50 eligible ITE students will receive a study award of $3,000 and a fivemonth internship offering an $800 allowance per month.

The scholarship is open to Singapore citizens who are in their final year of Higher Nitec courses at ITE's School of Business & Services and the School of Electronics & Info-comm Technology.

They must have a grade point average of 2.8 and above at the time of application, good conduct and attendance, and a passion to enter the financial sector or pursue a work-study diploma in financial services after graduating from ITE.

Offered by the Institute of Banking and Finance (IBF) to mark its 50th anniversary, the scholarship is a collaboration between IBF, ITE and 13 financial institutions.

Minister for Trade and Industry Gan Kim Yong, who was the guest of honour at the scholarship launch held at ITE College East on May 14, said that the financial sector is growing, and he wants to see more Singaporeans from diverse backgrounds pursue careers in this industry.