The Old Mutual Bursary (Actuarial Science) 2025

03:39 Monrovia 0 Comments


Are you a South African mathematics guru with a passion for challenges? Do you dream of a career in the dynamic field of Actuarial Science? If so, then the Old Mutual Bursary Programme (2025) could be the perfect opportunity for you.

In the fast-paced and ever-evolving landscape of finance, the demand for skilled professionals capable of navigating complex financial landscapes is ever-present. By establishing the Old Mutual Accounting Bursary, the company not only addresses the immediate need for talent but also demonstrates its commitment to fostering a culture of excellence and innovation within the financial sector. Through this program, Old Mutual serves as a catalyst for the development of future leaders, equipping them with the knowledge, skills, and resources needed to thrive in an increasingly competitive global marketplace.

Moreover, by investing in the education and professional development of aspiring accountants, Old Mutual reinforces its position as a thought leader and trailblazer within the industry, setting new standards of excellence and inspiring others to follow suit. In essence, the Old Mutual Accounting Bursary is not just an investment in individual students; it is an investment in the future of finance itself, ensuring that the industry remains vibrant, resilient, and responsive to the ever-changing needs of society.

About Old Mutual

Established over 175 years ago, Old Mutual has emerged as a venerable institution within the financial sector. Originating in South Africa in 1845, it initially provided life insurance to a burgeoning population. Over time, Old Mutual expanded its offerings, becoming a comprehensive financial services provider with a global footprint. Through periods of economic upheaval and societal change, Old Mutual has remained steadfast, adapting and evolving to meet the needs of its customers.

Its rich history is marked by milestones such as listing on the London Stock Exchange in 1999 and demutualization in 1997, which transformed it into a publicly traded company. Today, Old Mutual's legacy is characterized by its commitment to financial inclusion, innovation, and responsible investing. With a presence in multiple countries across Africa and beyond, it continues to be a trusted partner for millions, embodying stability, integrity, and excellence in all its endeavors.

About the Old Mutual Bursary Programme (Actuarial Science)

This bursary programme is offered by Old Mutual, a leading South African financial services provider, to exceptional students who are dedicated to pursuing a qualification in Actuarial Science.  The programme provides comprehensive financial support throughout your studies, along with invaluable professional development opportunities to prepare you for a successful career at Old Mutual.

Benefits of the Bursary Programme?

·         Financial Support:

The bursary covers the majority of your expenses, including tuition fees, study materials, meals, accommodation, and even return flights home if you are studying outside of your hometown. Those who perform well will receive extra incentives.

·         Academic Support:

Old Mutual understands the demanding nature of Actuarial Science studies. They may provide additional academic support to ensure your success.

·         Professional Development:

Gain valuable experience through internship opportunities and mentorship programs. Network with industry professionals and get a head start on your actuarial career.

·         Guaranteed Employment:

Upon successful graduation, bursary recipients will be offered a rewarding career at Old Mutual, allowing you to put your knowledge and skills to work.

Who is Eligible to Apply?

·         Be a South African citizen.

·         Be under the age of 21.

·         Have completed Matric or be currently in Matric.

·         Have no prior post-matric qualifications.

·         Be pursuing or intending to pursue an undergraduate degree in Actuarial Science.

·         Demonstrate exceptional academic performance, particularly in Mathematics (with a minimum of 80%) and English (HL: 60% minimum, FAL: 70% minimum).

·         Be prepared to study at one of the following South African universities: University of Cape Town, Stellenbosch University, University of Pretoria, University of the Witwatersrand, University of the Free State, or North-West University.

·         Demonstrate a commitment to qualifying as an actuary and working for Old Mutual after graduation.

How to Apply

Applications must be submitted online at: (Click here to apply) along with a Bursary Motivation Form. After completing the online application, which includes a gamified assessment (not timed), you will need to attach a One pager CV. Shortlisted candidates will then receive a link to complete psychometric assessments. Finalists will be invited to a selection day for interviews. If selected after the interview, you will receive a provisional offer, which will be confirmed upon receipt of your final matric results and proof of acceptance at a university for an Actuarial Science or Accounting Science programme.

Closing Date

01 October 2024. (Click here to apply)

Take Note

·         Actuarial Science is a competitive field, and so is the bursary program. Make sure your application stands out with strong academics, a well-written motivational essay (if required), and any relevant achievements or experiences.

·         The selection process may involve multiple stages, including an online application, psychometric assessments, and a video interview. Be prepared to showcase your problem-solving skills, analytical thinking, and communication abilities.

·         Actuarial Science is a demanding degree program. Be prepared to demonstrate your dedication to your studies and a strong work ethic. Research the program curriculum and be familiar with the Actuarial Society of South Africa (ASSA) requirements.

·         This bursary is offered with the expectation that recipients will build a career at Old Mutual after graduation. Be prepared to articulate your interest in working for the company and your career goals that align with Old Mutual's needs.

·         Don't miss the application deadline! Keep an eye on Old Mutual's career website for application deadlines and any changes to the eligibility criteria. The bursary application is currently set to close on the 1st of October 2024.

·         Attention to detail is crucial, as missing documents could result in disqualification; applicants must ensure they meet all requirements and submit their applications by the specified deadline to be considered.

·         Additionally, while not mandatory for the bursary, Old Mutual encourages its workforce, including bursary recipients, to be fully vaccinated against Covid-19, underscoring its commitment to the health and safety of its employees and community. This holistic approach emphasizes Old Mutual's dedication to nurturing talent, fostering a supportive work environment, and contributing to societal well-being.

By being aware of these factors, you can increase your chances of successfully applying for the Old Mutual Bursary Programme (Actuarial Science).

Don't miss this exciting opportunity! If you have a strong academic background in mathematics and a passion for a challenging and rewarding career, then the Old Mutual Bursary Programme (Actuarial Science) could be your gateway to a bright future.  By applying for this bursary, you'll gain the financial support and professional guidance you need to excel in the field of Actuarial Science and launch a successful career at a leading South African financial institution. (Click here to apply)


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