Momentum Actuarial
Momentum Actuarial Bursary 2027: Fully Funded with Vacation Work
Role Overview
Momentum Group, one of South Africa’s largest insurance and financial services companies, is inviting high-performing actuarial science students to apply for its Actuarial Science Youth Bursary for the 2027 academic year. The bursary covers virtually every study cost, from tuition and accommodation to meals, textbooks and a data allowance, and comes with mentorship and vacation work at Momentum’s offices. Students entering their second year or higher in 2027 with a 70% average can apply until 31 August 2026.
Momentum Group (previously Momentum Metropolitan) serves millions of clients across insurance, investments, health and employee benefits, and is listed on the JSE. Actuaries sit at the heart of its business, pricing risk and designing the products South Africans use to protect their families and savings.
The Actuarial Science Youth Bursary (reference MMH260513-2) is Momentum’s pipeline for the next generation of actuarial talent, linked to its offices in Centurion, Sandton and Cape Town. Beyond paying for your studies, the programme connects you to working actuaries through mentorship and gives you vacation work experience, which counts enormously when you start writing professional actuarial exams. Graduates are expected to join Momentum Group after completing their degrees, so the bursary effectively comes with a job at the end.
Annual registration fees and full tuition fees
General allowance and data allowance
Mentor support and networking opportunities
Vacation work at Momentum Group
South African citizens who have completed Matric
Studying full-time towards one of: BBusSci Actuarial Science, BCom Actuarial Science, BSc Actuarial Science, or BSc Actuarial and Financial Mathematics
Entering your 2nd year of study or higher in 2027 (1st-year students are not funded)
A minimum overall academic average of 70%
Registered at a recognised and accredited South African university
Not receiving any other bursary funding for the 2027 academic year
Passionate about a career in the actuarial profession
Bursary holders must pass all registered modules, submit semester results within 5 working days of receipt, graduate with at least 4 actuarial exemptions and join Momentum Group after graduation.
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Copy of your South African ID document
Copy of your Matric certificate
Latest academic results or transcript
Detailed CV and a 1-page motivational letter, uploaded as one document
Open the official Momentum Group bursary portal using the link below.
Register an account, then log in to start the application.
Complete all personal, academic and university sections.
Upload your ID, Matric certificate, academic results, and your combined CV and motivational letter.
Review your application and submit before 31 August 2026 using reference MMH260513-2.
The closing date for the Momentum Actuarial Science Youth Bursary 2027 is 31 August 2026. No late applications will be accepted.
Actuarial science is one of the highest-paying professions in South Africa, but the degree is expensive and the drop-out rate is high, often because talented students cannot afford to focus on their studies. A full-cost bursary changes that completely. Every fee, meal and textbook is covered, so your only job is to perform academically.
The mentorship and vacation work are just as valuable: actuarial employers hire students they already know, and arriving at graduation with Momentum experience and four exemptions puts you years ahead. For students from disadvantaged backgrounds, this bursary is a direct bridge into one of the country’s most secure careers.
No. The bursary funds students entering their 2nd year of study or higher in 2027. Matric learners should look at other bursaries for first-year funding.
Yes. Bursary recipients are expected to join Momentum Group upon graduation, which also means you graduate with employment secured.
No. You may not receive any other bursary funding for the 2027 academic year while holding this bursary.
Any recognised and accredited South African university offering the listed actuarial qualifications. Your degree must be one of the four listed programmes.
Make sure your application stands out with these free tools:
Key Responsibilities
As a bursary recipient, your responsibilities will include maintaining the minimum academic performance standards and attending all lectures and tutorials as required. Submitting academic progress reports to the bursary provider at specified intervals and participating in any vacation work placements or mentorship programmes is required.
Entry Requirements
South African citizenship and acceptance or current enrolment at a recognised South African tertiary institution. A strong academic record meeting the minimum requirements and demonstrated financial need where applicable.
Listing Source
This opportunity was sourced from Nasi-Ispani. Always verify final requirements and deadlines on the official source before applying.
How to Apply
Open the official Momentum Group bursary portal using the link below. Register an account, then log in to start the application. Complete all personal, academic and university sections. Upload your ID, Matric certificate, academic results, and your combined CV and motivational letter. Review your application and submit before 31 August 2026 using reference MMH260513-2. Apply at Momentum Group
About Momentum Actuarial
This bursary is offered by Momentum Actuarial, based in Cape Town.
Why This Is Good for Starters
This bursary from Momentum Actuarial can cover your tuition fees, accommodation, textbooks, and sometimes even a living allowance. In South Africa, where the cost of higher education continues to rise, bursaries are a lifeline for talented students who cannot afford to study. Some bursary programmes also include vacation work placements or post-study work opportunities, giving you both education support and practical career exposure.
CV Tips for This Application
- Include your academic record — marks and subjects matter for bursary applications
- Write a compelling motivation letter explaining your financial need and career aspirations
- Mention any community involvement, leadership roles, or extracurricular activities
- Include proof of financial need if the application requires it
- Apply early — bursary programmes often close well before the academic year starts
Application Checklist
- Read the full job description carefully before applying
- Prepare an updated CV tailored to this specific role
- Gather all required documents mentioned in the listing
- Prepare your academic transcripts and proof of financial need
- Write a motivation letter explaining your career goals
- Submit before the closing date: 31 August 2026
- Double-check your contact details are correct on your CV
- Follow up after 2 weeks if you have not heard back
Frequently Asked Questions
Can I apply with matric only?
Check the requirements section above for education requirements.
Do I need experience?
This appears to be suitable for candidates with little or no experience.
Can I apply if I live in another province?
Most opportunities accept applications from candidates across South Africa. Check the requirements for any location-specific criteria.
What happens after I apply?
After submitting your application, the employer will review it. If shortlisted, you may be contacted for an interview. Response times vary by employer.
Is this bursary paid?
Payment details are not specified. Contact the employer for more information.
When is the closing date and what if I miss it?
The closing date is 31 August 2026. Apply before this date to be considered.
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