ITE students stand to gain from tie-up with financial institutions
The Straits Times|November 01, 2024
Over 50 students on internship scheme; more partnerships set to be explored
Prisca Ang
ITE students stand to gain from tie-up with financial institutions

It is notoriously difficult to secure a job in the highly competitive financial sector, or so Mr Aziz Ong thought until an opening at a bank changed his perspective.

Mr Aziz, 19, said: "When people think of finance, they usually think of investment banking and hedge funds, which are quite competitive to break into.

"During my time so far at HSBC, I've discovered that there are also many back-office and middle-office roles that are not as saturated."

He is one of 54 Institute of Technical Education (ITE) students who began a five-month internship with various financial institutions in October under the recently launched IBF Golden Jubilee ITE Scholarship.

The scholarship, which is being offered by the Institute of Banking and Finance (IBF) to mark its 50th anniversary, is a collaboration between IBF, ITE and 13 financial institutions. It includes a study award of $3,000 and an internship allowance of $800 a month.

IBF chief executive Carolyn Neo said ITE students are a relatively untapped talent pool for the financial sector.

The institute hopes the internships will equip students with relevant skills, and enable them to work with industry practitioners who can help them navigate various career pathways.

Ms Neo said: "Through this scholarship, we hope to promote diversity and skills-based hiring in the financial sector, where employers look beyond academic qualifications and place a candidate's skills and competencies at the forefront of their hiring practices."

IBF is working with ITE and financial institutions to explore further partnerships, including internships, if the initiative is well received. Other plans in the pipeline include a work-study diploma in financial services that could create alternative career pathways for ITE graduates.

About a third of the IBF Golden Jubilee ITE Scholarship recipients are completing internships in areas such as security operations and data management.

Denne historien er fra November 01, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 01, 2024-utgaven av The Straits Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE STRAITS TIMESSe alt
India said to be easing entry conditions for Musk's Starlink
The Straits Times

India said to be easing entry conditions for Musk's Starlink

Satellite high-speed internet company could help transform lives of millions in country

time-read
5 mins  |
November 27, 2024
Trump ally Musk calls for US to replace fighter jets with drones
The Straits Times

Trump ally Musk calls for US to replace fighter jets with drones

Billionaire Elon Musk, tapped by US President-elect Donald Trump to slash federal government spending, lashed out at modern fighter jets on Nov 25, saying that drones were the future of air combat.

time-read
1 min  |
November 27, 2024
Four security force members killed as Imran Khan's supporters flood Pakistan's capital
The Straits Times

Four security force members killed as Imran Khan's supporters flood Pakistan's capital

Pakistani protesters demanding the release of ex-prime minister Imran Khan on Nov 26 killed four members of the nation's security forces, the government said, as the crowds defied police and closed in on the capital's centre.

time-read
2 mins  |
November 27, 2024
Clampdown on Chinese signboards in Kuala Lumpur sparks debate
The Straits Times

Clampdown on Chinese signboards in Kuala Lumpur sparks debate

Minister warns of economic harm from rule which comes amid tourism drive

time-read
4 mins  |
November 27, 2024
The Straits Times

Singapore a participant in Interpol's global anti-human trafficking op

A global operation by Interpol uncovered dozens of cases that saw people being trafficked and forced to work in scam centres to cheat others.

time-read
2 mins  |
November 27, 2024
Billion-dollar trading fraud: Businessman Ng Yu Zhi goes on trial
The Straits Times

Billion-dollar trading fraud: Businessman Ng Yu Zhi goes on trial

Prosecution is proceeding on 42 out of 105 charges related to nickel trading scheme

time-read
2 mins  |
November 27, 2024
A vaccine for acne? 200 people in Singapore to test if it works
The Straits Times

A vaccine for acne? 200 people in Singapore to test if it works

Some people in Singapore will be among the earliest in the world to find out the effectiveness of an acne vaccine that French pharmaceutical giant Sanofi has developed.

time-read
2 mins  |
November 27, 2024
Israeli planes strike Beirut hours ahead of anticipated ceasefire agreement
The Straits Times

Israeli planes strike Beirut hours ahead of anticipated ceasefire agreement

Senior Israeli, Lebanese officials appear optimistic that a deal can be reached

time-read
3 mins  |
November 27, 2024
The Straits Times

G-7 'to comply with obligations' on arrest warrant for Netanyahu

The Group of Seven (G-7) democracies said on Nov 26 they \"will comply with our respective obligations\" regarding the arrest warrant for Israeli Prime Minister Benjamin Netanyahu issued by the International Criminal Court (ICC).

time-read
1 min  |
November 27, 2024
Has Trump just fired the opening salvo in a new US-China trade war?
The Straits Times

Has Trump just fired the opening salvo in a new US-China trade war?

United States President-elect Donald Trump appeared to fire his first salvo on China on Nov 26, saying that he will impose an additional 10 per cent tariff on imported Chinese goods on his first day in office.

time-read
3 mins  |
November 27, 2024