Are there course fee subsidies available?
Yes, there is up to 90% funding support from The Institute of Banking & Finance (IBF) for our IBF-accredited programmes:
The IBF Standards Training Scheme (“IBF-STS”) provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services.
For our training programmes that are IBF-accredited, eligible Singaporeans & PRs may receive funding support under the IBF Standards Training Scheme (IBF-STS), subjected to all eligibility criteria being met.
For more information on the funding support, please visit: https://www.ibf.org.sg/programmes/Pages/IBF-STS.aspx
Can I use SkillsFuture Credits to pay for the remaining course fee after funding?
Yes. For self-sponsored Singaporeans aged 25 years old and above, you can use your SkillsFuture Credits to fully offset the remaining course fees after funding. This means that you do not need to pay any cash.
After you have registered for a course, a VI representative will reach out to guide you with the SkillsFuture Credits claim application.
Can NTUC Union members use UTAP to offset the remaining course fee after funding?
Yes, all our courses are eligible for Union Training Assistance Programme (UTAP) Funding. NTUC Union members can use UTAP to offset 50% of unfunded course fees (capped at $250 per year).
For example: If your remaining course fees are $267.50, you can offset $133.75 with UTAP.
This claim must be done after completion of the course. Please refer to the UTAP FAQ for more information.
Can I use SkillsFuture Credits and UTAP at the same time?
Yes, you can utilize both at the same time. UTAP can only be applied after SFC has been applied.
For illustration purposes only:
|(a) Full Course Fees with GST||$2,675|
|(b) Less IBF Subsidy (e.g. 90%)||($2407.50)|
|(c) Course Fee Payable (after IBF Subsidy)||$267.50|
|(d) SkillsFuture Credit||($200)|
|(e) NTUC Member pays||$67.50|
|(f) NTUC Member claims 50% of (e) from UTAP||$33.75|
Who is eligible for IBF funding support?
All Singaporeans or Singapore Permanent Residents (PRs) that are physically based in Singapore and successfully complete the course will be eligible.
How do I obtain IBF funding support? Do I need to pay the full fee first?
This funding support works on a nett fee model. This means that participants only need to pay the remaining course fees after IBF funding. This nett fee can be fully paid with your SkillsFuture Credits.
You must be a Singaporean or Singapore Permanent Resident (PR) that is physically based in Singapore. You will only need to pay the course fees minus the funding support. For example, if you are eligible for 90% funding support, you will only be paying S$267.50 nett, which can be paid with your SkillsFuture Credits.
You must be a Singaporean or Singapore Permanent Resident (PR) that is physically based in Singapore and working in an eligible company:
Your company will pay the course fees minus the funding support. For example, if you are eligible for 90% funding support, the company will be paying S$425 nett for company-sponsored participants.
Eligible companies will further be able to claim the remaining course fees after funding with the Training Allowance Grant (TAG) (S$10/hour of eligible training and assessment hours).
How are VI courses conducted?
All our courses are part-time held on weekends or weekday evenings. They are conducted fully virtual via Zoom. There will be 1 main instructor and on average 2 teaching assistants for each class.
Our students will have access to our e-learning portal where they can access course materials and submit assignments.
Are there any pre-requisites for our courses?
Our programmes are suitable for beginners with no pre-requisites.
Is there a certificate granted at the end of the course?
Upon successful completion of our IBF-accredited courses, participants will be awarded a digital certificate by Vertical Institute. VI alumni use their course certificate to demonstrate skills to employers and their LinkedIn network.
Our programmes are well-regarded by top companies, who contribute to our curriculum and use our courses to train their own teams.
How much time do I need to dedicate to a course outside of the classroom?
It varies by course and by person, but be prepared to dedicate some time outside of the classroom each week to review course material and complete the capstone project assessment. Our courses are designed to be rigorous and intensive, but, most importantly, incredibly rewarding!
Will the courses be suitable for me if I have no knowledge or experience in the subject matter?
Our bootcamps are geared toward individuals with no prior knowledge of a subject required. Additionally, some of our courses feature pre-work course materials to get you up to speed with essential concepts and tools. We also provide support through our team of instructors, e-learning platform, course materials, teaching assistants, office hour consultations and any additional help as required to provide personalized feedback.
What benefits do students receive once they complete a VI course?
Upon course completion, students will be presented with a digital certificate by Vertical Institute. Our alumni also become part of the VI community where members can leverage connections with students, alumni, instructors and experts through networking opportunities, events and more.
Does VI guarantee a job placement after the course?
VI does not provide any post-course hiring support or guarantee any job placement after completing the course. However, the courses are IBF-accredited and you will receive an industry-recognized certificate of completion.
How do I sign up for a course?
1. Simply go to elearn.verticalinstitute.com/apply to register for a class intake.
2. Within 24 hours, our admissions team will reach out to assist you with the course fee payment and claims.
*Please note that your registration is not confirmed until you have made payment with either cash or SkillsFuture Credits.
What payment methods do you accept?
For the paying with cash: If you are using cash to pay for your remaining fees after IBF Funding, we accept bank transfer and PayNow. Our admissions manager will reach out to assist you with payment matters within 24 hours after registration.
For paying with SkillsFuture Credits: If you are using SkillsFuture Credits to pay for your remaining fees after IBF Funding, our admissions manager will assist you with the claim application within 24 hours after registration.
What is Vertical Institute's Refund Policy?
All course fees paid are strictly non-refundable once paid.
What is Vertical Institute's Withdrawal Policy?
If you drop out of a course halfway / fail to meet the minimum attendance requirements / fail to submit and pass the assessment, IBF will not subsidize your course fees and you will be liable for the full course fee amount.
Vertical Institute reserves the right to clawback the funded amount from the trainee if he/she did not fulfill the eligibility criteria.