Old Mutual Bursary (Actuarial Science) 2026

Old Mutual; South Africa; Remote; ZAR 200,000 - 300,000; Full time

Job summary

A leading financial services company in South Africa offers a bursary program for exceptional learners pursuing Actuarial Science. The bursary includes tuition, accommodation, and guaranteed employment after graduation, with specific eligibility criteria and a detailed application process. Applications close on 30 September 2025.

Qualifications

• Must be a South African citizen.
• At least 80% in Mathematics and specific English requirements.
• Committed to qualifying as an actuary.

Responsibilities

• Submit applications online at the Old Mutual careers page.
• Complete the bursary motivation form and online application.
• Engage in psychometric assessments and interviews.

Skills

Data Analysis

Information Management

Mathematics

Numerical Aptitude

Risk Management

Science

Education

Matriculation Certificate

Job description

Overview

Old Mutual presents the bursary programme for exceptional South African learners pursuing Actuarial Science. The bursary offers comprehensive support during university and beyond into a career at Old Mutual, with opportunities for personal development, vacation work, networking, and guaranteed employment post-graduation.

The bursary coverage

The bursary covers tuition, study materials, meals, accommodation in residence and return flights home (if studying outside your hometown). Financial support is provided for the full duration of your degree; high-achieving students may receive additional incentives.

Eligibility Criteria

To be eligible, 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, and 70% for all other subjects
• You must have applied or be studying at one of the following universities:

• 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 KwaZulu-Natal

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

Application Process

• Applications must be submitted online at: https://www.oldmutual.co.za/careers/actuarial-bursary
• Download and complete the bursary motivation form, then complete the online application which includes a gamified assessment (not timed). Attach a one-page CV.
• Shortlisted candidates will be invited 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 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-page CV (with advice)
• Bursary Motivation Form (download and complete)
• School Reports for Grade 10 – 12
• Matric Certificate (if applicable)
• University acceptance/conditional acceptance letter (if applicable)
• Full Academic Transcript (for current university students)
• ID Copy

Important Notes

• Parental/guardian consent is required if you are under 18
• Preference will be given to candidates from under-represented designated groups, including candidates with disabilities
• Preference will be given to previously disadvantaged backgrounds or those with demonstrated 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

• Action Oriented
• Being Resilient
• Builds Networks
• Communicates Effectively
• Ensures Accountability
• Financial Acumen
• Instills Trust
• Manages Complexity

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.

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