Old Mutual Actuarial Science Bursaries
Old Mutual Actuarial Science Bursaries 2026
Role Overview
Old Mutual invites South African learners and students to apply for the Actuarial Science Bursary Programme 2026.
Bursary Application Closing Date: 30 May 2026Study Location: Selected Universities in South Africa
The Old Mutual Actuarial Science Bursary is a prestigious funding opportunity for high-performing students who want to pursue a career in actuarial science.
This bursary offers full financial support throughout your studies and continues to support you into your professional career, including guaranteed employment after graduation.
The bursary provides comprehensive support, including:
Return flights home (if studying away from home)
Students who perform exceptionally well may also receive additional incentives.
Networking with industry professionals
Personal and professional development
Guaranteed employment at Old Mutual after graduation
Applicants must be studying or intend to study at one of the following universities:
University of the Witwatersrand (Wits)
University of Johannesburg (UJ)
University of the Free State (UFS)
University of KwaZulu-Natal (UKZN – note: no longer ASSA accredited)
Achieve: At least 80% in Mathematics 60% in English Home Language OR 70% in English First Additional Language 70% in all other subjects
60% in English Home Language OR 70% in English First Additional Language
Be accepted or applying to one of the listed universities
Be committed to qualifying as an actuary
Be willing to work for Old Mutual after graduation
Apply online via the Old Mutual careers portal
Download and complete the bursary motivation form
If shortlisted, complete psychometric assessments
Attend a virtual interview (final stage)
Completed bursary motivation form
Matric certificate (if available)
University acceptance letter (if available)
Academic transcript (for current students)
Preference is given to candidates from disadvantaged backgrounds and persons with disabilities
Parental/guardian consent is required for applicants under 18
Incomplete applications will not be considered
If you do not receive feedback by 31 July 2026, consider your application unsuccessful
Click here to apply for Old Mutual Actuarial Science Bursary 2026
Enquiries: earlycareers@oldmutual.com
Career security with guaranteed employment
Exposure to one of Africa’s leading financial services companies
A clear pathway to becoming a qualified actuary
Key Responsibilities
You must represent the bursary programme positively in your professional conduct and fulfill any work-back obligations specified in your bursary contract after graduating. As a bursary recipient, your responsibilities will include maintaining the minimum academic performance standards and attending all lectures and tutorials as required.
Entry Requirements
• To qualify, applicants must:
• Be a South African citizen
• Achieve: At least 80% in Mathematics 60% in English Home Language OR 70% in English First Additional Language 70% in all other subjects
• At least 80% in Mathematics
• 60% in English Home Language OR 70% in English First Additional Language
• 70% in all other subjects
• Be accepted or applying to one of the listed universities
• Be committed to qualifying as an actuary
• Be willing to work for Old Mutual after graduation
How to Apply
Applicants must: Apply online via the Old Mutual careers portal Download and complete the bursary motivation form Submit a one-page CV Complete a gamified assessment If shortlisted, complete psychometric assessments Attend a virtual interview (final stage)
Email application: earlycareers@oldmutual.com
About Old Mutual Actuarial Science Bursaries
This bursary is offered by Old Mutual Actuarial Science Bursaries, based in Cape Town.
Why This Is Good for Starters
This bursary from Old Mutual Actuarial Science Bursaries 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. Many bursary programmes also include vacation work placements and guaranteed employment after graduation, giving you both education and career security.
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: 30 May 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 30 May 2026. Apply before this date to be considered.
Similar Opportunities
Ready to Apply?
Submit your application directly on Old Mutual Actuarial Science Bursaries's careers portal.
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