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:

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.

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