MAS Mid-Term Undergraduate Scholarship

Merit Based Scholarship | Scholarship Provided by : Monetary Authority of Singapore

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About the Scholarship

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The MAS Mid-Term Undergraduate Scholarship is provided by Monetary Authority of Singapore. It is offered at the undergraduate level to students in Singapore. It is a prestigious award that gives the most outstanding individuals the opportunity to pursue their dreams at the world's best universities. It promises them a career dedicated to solving some of Singapore's most challenging problems. The scholarship is tenable for 4 years of undergraduate study at any reputed university in Singapore or overseas. The number of scholarships offered varies each year.

Scholarship provided type
Number of scholarships offered
Varies per year
Study Level
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Scholarship Details

The scholarship is offered for undergraduate study in any discipline (with the exception of Medicine, Dentistry and Architecture) at any reputed university. Language courses are supported if they earn credits that count toward the final degree.

The scholarship covers tuition and other approved fees, maintenance allowance, pre-studies allowance, sponsorship of exchange programme/study abroad programme/special term (if requirements are met), sponsorship of masters degree (if requirements are met), and 8 weeks internship during 2nd year of undergraduate studies. In case of overseas awards, the return airfare is also covered. In case of local awards, the hostel allowance is covered. Upon completing undergraduate studies with this scholarship, students are placed in one functional area within MAS, where they receive training.


Eligibility Criteria

  • Only students in or before their penultimate year of undergraduate studies are eligible for the MAS Mid-Term Undergraduate Scholarship
  • The MAS Mid-Term Undergraduate Scholarship offer is conditional upon the candidate's performance during an internship with MAS of at least 8-weeks duration
  • The student should be an all-rounder who has excelled in both academic and non-academic pursuits
  • He/she should have demonstrated excellent leadership capabilities either in his/her CCAs or in activities outside of school
  • The scholarship is open to Singapore citizens, Singapore permanent residents and foreigners who are intending to obtain a Singapore citizenship.


Application Process

You may submit your online application at any time during the year, but the actual assessment will only take place in Mar and Oct of that year.

Shortlisted applicants will go through five stages of assessments:

  • Essay writing and psychometric test
  • Panel interview
  • Group discussion and psychometric test
  • Interview with management members
  • Internship assessment.
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Additional Information

To be considered in the provisional selection exercise, students should submit their application in September. They can also submit their application using their preliminary examination results. Students do not need to secure a place before applying for the scholarship, but they should indicate their choice of universities and courses in the application. Scholarship offers made at the end of the provisional exercise will be conditional if the student meets academic requirements in the final examinations.  Students may be considered in the main exercise (in March) if they are not shortlisted in the provisional exercise.

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