Thursday, December 22, 2011

MNRB SCHOLARSHIP FUND : 2012 SCHOLARSHIP AWARD

SUMMARY
A fund established by MNRB HOLDINGS BERHAD (a subsidiary of Permodalan Nasional Berhad (PNB), listed on the Main Board of the Bursa Malaysia), invites scholarship applications from qualified Malaysians planning to pursue studies on a full-time basis at any recognized institution of higher learning.

ELIGIBILITY
  • Minimum Requisites
    1. Age - Below age 23
    2. SPM - Minimum 6As, including English, Mathematics & Science; or
    3. STPM - At least 3As and pass the General Paper; or
    4. A-Level - At least 3As, including Mathematics and Further Mathematics; or
    5. Matriculation, Diploma or Degree - At least a CGPA of 3.50
    6. English Essay - Must submit a 1-page handwritten English essay on reasons for applying for the scholarship, benefit from the course of study including education & career plans 
  • Additional / Others
    1. Applicants must successfully apply for entry into recognized local or overseas institution of higher learning to pursue the approved courses
    2. Preference will be given to those active in co-curricular activities 
    3. Must not be a recipient of a scholarship/loan/financial assistance from any other organizations
  • TRIAL SPM / STPM
    • Candidates with TRIAL SPM / STPM RESULTS meeting the above criteria are encouraged to apply. Selected candidates will be given provisional scholarship offers subject to the variance between the actual results and the trial results being within acceptable range.

FIELDS OF STUDY
  • Actuarial Science
  • Insurance
  • Risk Management

SCHOLARSHIP VALUE
  • Tuition Fees
    • Public universities / colleges - On actual
    • Private universities / colleges - Maximum of RM8,000 per annum
    • Overseas studies - On actual

APPLICATION PROCEDURE
  1. Download the Scholarship Application Form here and send the completed form to the address below.


    MNRB SCHOLARSHIP FUND
    11th Floor Bangunan Malaysian Re
    No. 17 Lorong Dungun, Damansara Heights
    50490 Kuala Lumpur
    Tel : 03 – 2096 7160 (Cik Jannah)
    Fax : 03 – 2096 700
  2. Alternatively, you can also;
  • E-mail us at scholarship@mnrb.com.my
  • Request by sending in a 16 cm x 23cm self-addressed envelope affixed with a 70 sen stamp to the MNRB SCHOLARSHIP FUND at the address above.
  • Collect at the address above.

    • Only shortlisted candidates will be called for interview latest by 10 February 2012.
    • Ensure all completed application forms are submitted with certified copies of relevant certificates and documents.
    • Kindly note that ineligible candidates, incomplete applications and applications received after the closing date will not be entertained.

      CLOSING DATE
    • January 5, 2012. Applications received after the closing date will not be entertained.


    OFFICIAL WEBSITE : http://www.mnrb.com.my/career_sch/scholarships.asp




    __________________________

    FAQ :

    Q1      :      What are the programmes offered under the scholarship?
    A     :    
    Full time studies in IPTA and IPTS pursuing Matriculation/ Foundation programme / First Degree in Actuarial Science, Insurance and Risk Management.
         
    Q2     :     What is Actuarial Science?
    A     :    

    Actuarial Science is the discipline that applies mathematical and statistical methods to define and analyze business problems involving the cost of possible future events, particularly in the assessment of risk in the insurance and finance industries.

    Actuaries find ways to manage risk by:

        * Evaluating the likelihood of future events รข€“ using a number of interrelating disciplines, in particular mathematics, probability & statistics
        * Designing creative ways to reduce the likelihood of undesirable events
        * Decreasing the impact of undesirable events that do occur

    Actuaries act as financial advisors to many organizations such as life and general (non-life) insurance companies, superannuation funds, banks, stockbrokers as well as the government.
         
    Q3     :     What are the requirements to apply for the scholarship?
    A     :    
        Below 23 years of age at the time of application.
        Candidates must have obtained at least 6As inclusive of English, Mathematics and Science in the Sijil Pelajaran Malaysia (SPM) examination results; or
        Obtained at least 3As and pass the General Paper in the Sijil Tinggi Pelajaran Malaysia (STPM) examination; or
        Obtained at least 3As including Mathematics and Further Mathematics for A-Level; or
        Obtained a Cumulative Grade Point Average (CGPA) of at least 3.50 for Matriculation, Diploma or First Degree
         
    Q4     :     I have not received the actual results. Can I still apply using my SPM / STPM trial results?
    A     :     Yes, you can still apply, provided your trial results are in accordance with the criteria as mentioned above in Q3.
         
    Q5     :     What if I am awarded the scholarship offer based on my trial results but the actual results could not meet the minimum criteria set in Q3?
    A     :     If a candidate was successful in the interview based on the trial results, a provisional scholarship offer would be given subject to the actual results being within an acceptable range with the trial results or has met the minimum criteria set in Q3. Failing this, the provisional offer would then be revoked.
         
    Q6     :     What if I was given the scholarship to pursue the course that was agreed upon during the interview but subsequently the university offered me a different course?
    A     :    
    If the course offered to you is still within the field of studies appearing in the advertisement, your scholarship will not be revoked.
         
    Q7     :    
    Is there any specific public universities or private colleges that the Fund would consider when awarding scholarships?
    A     :     All local IPTA and IPTS would be accepted including private colleges of which the courses have been approved by Agensi Kelayakan Malaysia or The Malaysian Qualifications Agency (MQA).
         
    Q8     :     Must the candidate have gained entrance into a recognized local institute before he / she can apply for the scholarship?
    A     :    
    No. You can still apply for the scholarship even if you have not been enrolled in any institutions. However, the scholarship will only be disbursed to successful scholars upon gaining entry into the approved programmes.
         
    Q9     :     Would I be informed if I were not being called for interview?
    A     :    
    No. Due to overwhelming response, only short-listed candidates will be called for interviews.
         
    Q10     :     When would the scholarship advertisement usually appear in the newspaper?
    A     :     The advertisements will be published twice in early December in the NST, The STAR, Utusan Malaysia and Berita Harian.
         
    Q11     :     How to obtain the application forms?
    A     :    
        Application forms can be downloaded from this website, or
        Request via e-mail at scholarship@mnrb.com.my or
        Request by mail accompanied with a 70 cents stamped, self addressed envelope measuring 16cm x 23cm to the following address: MNRB Scholarship Fund 11th Floor, Bangunan Malaysian Re, No. 17 Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur.
         
    Q12     :     Is there a bond attached to the scholarship?
    A     :    

    Yes, there is a bond where one needs to serve a stipulated Period of Compulsory Service with the Company or any of its subsidiaries or any other organizations as directed by the Board of Trustees.
         
    Q13     :     How long is the bonding period?
    A     :    
    The bonding period would depend on the amount of scholarship expanded on the scholars during the course of his/her studies. Such period shall not be less than 2 years and not more than 6 years.
         
    Q14     :     What if the candidate decides not to serve the bonding period?
    A     :     The scholar and the Sureties shall immediately repay the entire sum expanded during the course of studies to the Fund. The Fund has the right to claim for interest and other financial charges if such payment is not made within the stipulated period.
         
    Q15     :     How many Sureties are needed under the Scholarship Agreement?
    A     :    

    Only 2 sureties and they must comply with the following requirements:
        Malaysian citizen residing permanently in Malaysia
        Not a guarantor to any other parties
        Not a bankrupt
        Age not exceeding 45 years
        Should be of an acceptable financial position.
         
    Q16     :     Could I write the essay in Bahasa Malaysia?
    A     :     No. It has to be handwritten in English.
         
    Q17     :     If I were to study at a private university where the tuition fee exceeds RM8,000 per annum, could I accept or apply for financial assistance from other organisations?
    A     :     You could appeal and we will consider the request on a case-to-case basis.
         
    Q18     :     When and where would the interview be held?
    A     :     The interview is scheduled to be held in early March each year at Bangunan Malaysian Re, Damansara Heights, Kuala Lumpur.
         
    Q19     :     When would I be able to know the results of the interview?
    A     :     Early April each year.

    OFFICIAL FAQ : http://www.mnrb.com.my/career_sch/scholarships_FAQ.asp

    _______________________________
    UPDATE :
    As of the deadline, this scholarship had been closed.
    Congratulations to successful recipients!
    _______________________________

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