Milliman Scholarship South Africa 2025
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The Milliman Scholarship has a rich history of supporting
talented individuals in their pursuit of academic excellence and professional
development. Milliman, headquartered in Washington, USA, was established by
Milliman in 1947, a global leader in actuarial and consulting services, the
scholarship program reflects the company's commitment to nurturing future
leaders in fields such as actuarial science, insurance, mathematics, and
finance. Over the years, the Milliman Scholarship has provided countless
opportunities for deserving students to further their education and make
meaningful contributions to their communities and industries. With a focus on
innovation, diversity, and excellence, the Milliman Scholarship continues to empower
individuals to achieve their goals and create positive change in the world.
The Milliman Scholarship Programme for South Africa in 2025
is a prestigious initiative aimed at supporting talented individuals who
demonstrate exceptional academic and leadership potential. This article offers detailed information on
the covered fields, eligibility criteria, application procedures, deadline, and
contact information for the Milliman Scholarship Programme.
Fields Covered:
The Milliman Scholarship Programme for South Africa in 2025
covers a broad range of fields, for undergraduate studies with a specialization
in any of these disciplines (The scholarship will fund studies during the 2025
academic year for South African students.):
1. Actuarial Science: Actuarial science involves the
assessment of financial risks in the insurance and finance sectors. It combines
mathematical and statistical methods to analyse uncertainties and help
businesses make informed decisions.
2. Programming: Programming skills are essential in
today's digital world. Proficiency in programming languages enables individuals
to develop software, websites, and applications, empowering them to innovate
and solve complex problems in diverse industries.
3. Mathematics: Mathematics forms the foundation of
various disciplines, providing analytical and problem-solving abilities
essential for fields such as science, engineering, finance, and economics.
4. Statistics: Statistics is the science of
collecting, analysing, interpreting, and presenting data. It plays a crucial
role in research, decision-making, and prediction, guiding policies and
strategies in various sectors.
5. Data Science: Data science involves extracting
insights and knowledge from large and complex datasets. It combines elements of
mathematics, statistics, and computer science to uncover patterns, trends, and
correlations that drive informed decision-making and innovation.
6. Data Analytics: Data analytics focuses on analysing
data to gain actionable insights that drive business decisions and strategies.
It involves using statistical and computational techniques to interpret data
and solve real-world problems.
7. Economics: Economics studies the production,
distribution, and consumption of goods and services. It provides frameworks for
understanding markets, policies, and behaviours, guiding individuals and
organizations in navigating economic systems.
8. Finance: Finance encompasses the management of
money, investments, and financial assets. Understanding financial principles
and markets is crucial for making sound investment decisions, managing risks,
and optimizing resources.
9. Computer Science: Computer science explores the
theory, design, and application of computing systems. It covers topics such as
algorithms, programming languages, software engineering, and artificial
intelligence, driving innovation in technology and beyond.
By offering scholarships in these diverse fields, the
Milliman Scholarship Programme not only supports individual academic pursuits
but also contributes to the development of skilled professionals who can drive
innovation, economic growth, and societal progress in South Africa.
Eligibility Requirements:
To qualify for the Milliman Scholarship Programme for South
Africa in 2025, applicants must fulfill the following conditions (please note
that failure to meet any of these requirements will result in disqualification
of your application):
- Applicants must belong to one of the designated ethnic
minority groups:
- For South African
citizens: At least one birth parent must be Black or Coloured.
- Applicants must reside in and be enrolled at a university
in one of the following countries: South Africa, Australia, United States,
Canada, Ireland, or the United Kingdom.
- Applicants must either be in their final year of high
school (Matric) or pursuing undergraduate studies (technical or
university-level).
- Applicants must demonstrate a strong academic record.
- Applicants must intend to pursue full-time undergraduate
studies leading to a qualification in one of the specified fields, at an
accredited institution in South Africa, Australia, United States, Canada,
Ireland, or the United Kingdom.
Candidates from diverse backgrounds are strongly encouraged
to apply, with preference potentially given to individuals from
underrepresented communities.
Coverage Value and Selection:
- These scholarships are exclusively accessible to
undergraduate students. Scholarship America will choose finalists based on
their academic performance and the essays they provide.
-Milliman will grant scholarships to a range of 10 to 25
students, each valued at a minimum of USD 5,000 (approximately R90,000).
Students are required to reapply for funding annually.
- Both the recipients and their educational institutions
must meet the criteria outlined by the United States Department of the
Treasury's Office of Foreign Assets Control to qualify for funding.
How to Apply:
To apply for the Milliman Scholarship Programme for South
Africa in 2025, candidates must follow these steps:
1.To apply for the Milliman Scholarship, applicants must
submit their applications online via the following link: Scholarship America website
2.Applicants will need to create an account before they can
log in and proceed with the application process.
3. Please ensure that you include clear copies of the
following supporting documents along with your online application (submission
of these documents is mandatory – failure to provide any items may result in
disqualification of your application):
- Up-to-date and comprehensive transcript of your academic
records (including your full name, school name, grades, and credit hours for
each course and term).
4. Include any other relevant professional test scores that
may be available, such as results from examinations administered by
organizations like the SOA, CAS, ASSA, and IFoA, among others.
5. For your application to be considered complete, all
necessary materials must be submitted electronically.
It is essential to adhere to the application deadline and
ensure that all materials are submitted correctly to be considered for the
scholarship.
Closing Date:
The closing date for applications for the Milliman
Scholarship Programme for South Africa in 2025 is [30 April 2024 @ 15:00
Central Time]. Late or incomplete applications may not be considered, so
applicants are advised to submit their materials well before the deadline.
The outcomes will be disclosed by the conclusion of June.
Contact the Scholarship Provider
For inquiries or further information about the Milliman
Scholarship Programme for South Africa in 2025, applicants can contact the
scholarship provider through the following channels:
For any inquiries regarding this scholarship program or assistance with your application, please reach out directly to Scholarship America, the administrators overseeing this scholarship, at the following email address: studentsupport@scholarshipamerica.org
The Milliman Scholarship Programme for South Africa in 2025
presents an excellent opportunity for aspiring students to pursue their
academic and career ambitions in fields crucial to the insurance and actuarial
sectors. By supporting talented individuals, the scholarship aims to foster
innovation, diversity, and excellence within these industries, ultimately
contributing to their growth and development in South Africa.
