IBF Standards Training Scheme: Who Qualifies and What You Get

This scheme provides financial support to help professionals in the financial sector upgrade their skills through subsidized training. It is designed to keep the workforce competitive by reducing the cost of education for those in the industry.

👤Who it's for

This scheme is intended for professionals currently working within the financial sector. It is also available to individuals who are looking to enter the sector and need to build the necessary skills to start their careers.

🎁What you get

If you qualify, you can receive a subsidy of up to 70% for accredited courses. These courses are specifically focused on two key areas: the financial sector and IT. By using this subsidy, you can reduce the out-of-pocket expenses required to complete professional certifications or training programs.

💰What it costs you

The primary cost to you is the remaining portion of the course fee not covered by the subsidy. Additionally, you may need to invest time into the learning process. In many cases, you will also need to secure an endorsement from your employer to move forward with the application.

⚠️The catch to know

The most important thing to remember is that this subsidy is not universal. It does not apply to all training programs available in the market. It only applies to specific courses that have been officially accredited under the scheme's standards. You must ensure a course is on the approved list before you commit to it.

📝How to apply

1. Research and identify an accredited course within the finance or IT sectors that meets the scheme's standards.
2. Confirm with your employer if they are willing to provide the necessary endorsement for your training.
3. Contact the training provider to understand the specific enrollment process for subsidized courses.
4. Follow the official instructions provided by the training institution to submit your application and claim the subsidy.