Apply for a Sanlam Actuarial Science bursary by 30 June

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Sanlam is looking to train, recruit and develop people who want to study actuarial science at South African universities in 2019. The application deadline is the 30th of June 2018.

excel at maths sanlam actuarial science bursary

What is an actuary?

Actuaries use statistics and mathematics in order in order to assess the probability of certain events (risks) and financial consequences for businesses. They usually work in financial and insurance companies.

"Actuaries are to financial services companies, as engineers are to construction companies." 

How much do actuaries earn in South Africa?

According to payscale actuaries earn R241,733 - R1,256,838 depending on experience

Who must apply for the Sanlam bursary?

People who are brilliant at mathematics and enjoy solving difficult problems as ActSci is one of the most difficult courses to study in university and needs people who are not only good with numbers but also people who are focussed.

What you will get if your bursary application is successful?

- Tuition and accommodation feesAllowances for books, travel and pocket money
- Mentoring and academic support from Sanlam actuarial professionals
- Vacation work and networking opportunities with Sanlam staff
- Guaranteed employment after completion of studies
- Continued support and payment towards actuarial board exams
- Range of work rotation opportunities across a broad spectrum of disciplines

Application requirements

- Final Grade 11 results and Grade 12 mid-year 2018 results
- Certified copy of your identity document (ID)
- Grade 12 results may be used as determining factor
- An above 90% score in Mathematics and an overall A aggregate

A motivation letter to support your application that answers the following questions:

1. In your own words, can you describe what an actuary does?
2. Why do you want to study actuarial science?
3. Why do you believe you have what it takes to become an actuary?
4. Why should Sanlam choose you to be a bursary holder?
5. If you are not successful at becoming an actuary, what other career paths are you considering?

Send the above to with the subject: Actuarial Bursary Application by the 30th of June 2018.

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