While both scholarships allow you to pursue an Accountancy degree, there are differences in the career pathways between a PSC Scholarship and a PSC Scholarship (Public Finance).
The PSC Scholarship (Public Finance) caters for students with a clear interest in a specialised finance career in the Public Service, particularly in accounting and auditing. As this scholarship aims to develop individuals for leadership positions in the finance sector of the Public Service, you will be ‘tied’ to either AGD or AGO as your parent agency. During your studies, you will participate in developmental programmes (including internships) organised by the PSC as well as your parent agency. Your parent agency will closely mentor and guide you. After you return from your studies, you will join your parent agency in the first 2 years to build foundational expertise. There will also be opportunities for you to be posted to other agencies to gain broader perspectives on managing fiscal resources. In comparison, the PSC Scholarship provides the opportunity to build broad-based skills in policy formulation in the early part of your career. Under the PSC Scholarship, the initial years of your civil service career would be geared towards growing you as a generalist policy leader.
The PSC Scholarship (Public Finance) is tenable for local or overseas studies in countries that adopt the International Financial Reporting Standards. Accountancy is the only course of study supported under the scholarship. After graduation, PSC Scholarship (Public Finance) holders will be required to obtain the Singapore Chartered Accountant (CA) Qualification.
You can submit your application at PSC Gateway application portal. In your application form, under the “Career and Course Preferences” section, you should indicate either “Accounting Service” or “Auditing Service” as your top career choice. Your choice of course must include Accountancy.
Course, University and Country
The PSC Scholarship (Public Finance) is tenable for local or overseas studies in Accountancy whereas the AGD Accountancy Scholarship and the AGO Auditing Service Scholarship are tenable for Accountancy courses in local universities only.
The PSC Scholarship (Public Finance) aims to develop individuals for leadership positions in the finance sector of the Public Service. You will be emplaced onto the Public Service Leadership Programme (PSLP), subject to meeting criteria, and will be given opportunities to be posted to other agencies to expand your understanding of other functions in public finance.
In comparison, the AGO/AGD scholarships are aimed primarily at developing individuals with deep domain expertise for leadership positions as determined by these organisations.