Old Mutual is looking for the next generation of African talent to join their prestigious Actuarial Bursary Programme. This opportunity isn’t just about funding; it’s a career-long partnership that supports you from your first day of university until you qualify as a professional actuary.
Programme Overview
- Location: Johannesburg (Head Office) & Partner Universities.
- Type: Comprehensive Undergraduate/Postgraduate Bursary.
- Closing Date: 30 May 2026.
- Requisition ID: JR-78363.
What the bursary covers
- Financial Backing: Full coverage of tuition, study materials, meals, and residence accommodation.
- Travel Support: Includes return flights home for students studying outside their hometown.
- Career Fast-Track: Guaranteed employment at Old Mutual post-graduation and networking with industry leaders.
- Incentive Structure: High-performing students who maintain excellent grades are eligible for additional financial rewards.
Key Responsibilities & Commitments
- Academic Excellence: Maintain top-tier grades throughout the actuarial degree.
- Professional Development: Participate in vacation work and personal development workshops.
- Career Dedication: Commitment to qualifying as an actuary and serving the company after graduation.
- Assessment Participation: Completion of gamified and psychometric evaluations during the selection phase.
Essential Eligibility Criteria
- Citizenship: South African citizens only.
- Academic Thresholds: * Mathematics: Minimum 80%.
- English: 60% (HL) or 70% (FAL).
- Other Subjects: Minimum 70% average.
- Approved Institutions: Must be applied to or studying at UCT, Wits, UP, Stellenbosch, NWU, UJ, or UFS.
Required Documentation
Ensure the following are attached to your online profile:
- Identification: Copy of South African ID.
- Academic History: School reports (Grade 10–12) or full University Transcripts.
- Professional Profile: A concise one-page CV.
- Motivation: Completed Old Mutual Bursary Motivation Form.
- Proof of Entry: University acceptance or conditional letter.
Required Skills & Mindset
- Numerical Aptitude: A natural strength in complex data analysis and mathematical modeling.
- Resilience: Ability to manage the rigorous academic load of Actuarial Science.
- Communicates Effectively: Ability to translate complex data into clear insights.
- Financial Acumen: A keen interest in the financial services sector and risk management.
How to Apply
The application includes a unique gamified assessment that is not timed. Start your journey by clicking below:
Apply for Actuarial Bursary Here
Note: Preference is given to candidates from under-represented groups or those demonstrating financial need. If you have not heard back by 31 July 2026, please consider your application unsuccessful.