Old Mutual Bursary (Actuarial Science) 2026

Old Mutual; Johannesburg; On-site; ZAR 200,000 - 300,000; Full time

Job summary

Old Mutual invites exceptional South African learners to apply for its Bursary Programme in Actuarial Science. This program includes comprehensive financial support for tuition, study materials, and accommodation, ensuring a pathway to guaranteed employment post-graduation. Applicants must achieve excellent academic results to qualify for further incentives.

Benefits

Comprehensive support during university

Guaranteed employment post-graduation

Opportunities for personal development

Vacation work

Qualifications

• Must have at least 80% in Mathematics.
• Commitment to qualifying as an actuary.
• Application to specific universities required.

Responsibilities

• Apply for the bursary programme for Actuarial Science studies.
• Maintain a high academic standard throughout the studies.
• Engage in vacation work and personal development.

Skills

Data Analysis

Information Management

Mathematics

Numerical Aptitude

Risk Management

Science

Education

Matriculation Certificate (Matric)

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Exceptional South African learners interested in pursuing studies in Actuarial Science are invited to apply for the Old Mutual Bursary Programme.
The bursary programme comes with comprehensive support during university to the day you qualify and beyond into a meaningful career at Old Mutual. It also offers opportunities for personal development, vacation work, networking, and guaranteed employment post-graduation. What the bursary covers

The bursary covers tuition, study materials, meals, accommodation in residence and return flights home (if studying outside of your hometown). You will receive financial support for the full duration of your degree and students who achieve excellent grades will receive more incentives.

Eligibility Criteria

To be eligible to apply you must meet the following requirements:

General:

• You must be a South African citizen
• You must have at least 80% in Mathematics, 60% for English HL or 70% for English FAL, 70% for all your other subjects.
• You must have applied/ be studying at either:

• North-West University
• Stellenbosch University
• University of Cape Town
• University of Pretoria
• University of the Free-State
• University of the Witwatersrand
• University of Johannesburg
• University of Kwa Zulu Natal

You must be committed to qualifying as an actuary and work for the company after graduation.

The Application Process

• Applications must be submitted online at: www.oldmutual.co.za/careers/actuarial-bursary
• Download and complete the bursary motivation form then complete the online application which includes a gamified assessment (it is not timed). You will be required to attach a one-page CV.
• Shortlisted candidates will be sent a link to complete psychometric assessments.
• Finalists will be invited to a selection day where we will conduct interviews.
• Should you be selected after the interview you will receive a provisional offer which will be confirmed once we receive your final matric results and proof of acceptance at University for an Actuarial Science or Accounting Science programme.

Required Documentation (to be included in the application)

• One pager CV (click for advice)
• Bursary Motivation Form (click, download and complete the form)
• School Reports for Grade 10 – 12
• Matric Certificate (if applicable)
• University acceptance/conditional acceptance letter (if applicable)
• Full Academic Transcript (applicable to current University students only)
• ID Copy

Important Notes

• Parental/guardian consent is required if you are under 18
• Preference will be given tocandidates from under-represented designated groups, including candidates with disabilities
• Preference will be given topreviously disadvantaged background or demonstrate financial need
• Incomplete applications will not be considered

Applications close 30 September 2025

If you have not heard from us by 30 November 2025, please consider your application unsuccessful. For any queries, contact the Old Mutual Early Careers team by emailing [e-mail]

Skills

Data Analysis, Information Management, Mathematics, Numerical Aptitude, Risk Management, Science

Competencies

Education

Matriculation Certificate (Matric) (Required)

Closing Date

30 September 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!