Old Mutual Bursary (Actuarial Science) 2025

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

Old Mutual Actuarial Bursary Programme

Old Mutual believes in Africa and enabling everyone in it to do great things every day. We understand that well-trained, qualified professionals contribute significantly to the success of Old Mutual and South Africa. That’s why we offer bursaries to the best young minds, to people who are passionate about pursuing a career that makes a real difference!

The Old Mutual Bursary Programme offers the opportunity to write Africa’s story with a real African success story. Founded in 1845 in Cape Town with no capital, Old Mutual is today a premier pan-African financial services group operating in 14 countries and rooted in the purpose of Championing Mutually Positive Futures Every Day.

Exceptional South African learners pursuing or 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

• You must be a South African citizen
• You must have completed Matric or currently be in Matric.
• You must not have a post-Matric qualification.
• You must be under the age of 21.
• You must have at least 80% in Mathematics (not Maths Literacy)
• You must have at least 60% for English HL or 70% for English FAL
• You must have at least 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
• 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: Old Mutual Actuarial Bursary
• 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 pager 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
• Bursary Motivation Form
• School Reports for Grade 10 – 12
• Matric Certificate (if applicable)
• University acceptance/conditional acceptance letter (if applicable)
• NBT Statement (if applicable)
• Full Academic Transcript (applicable to current University students only)
• ID Copy
• Head and Shoulders Photo

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 background or demonstrate financial need.
• Incomplete applications will not be considered.

Applications close 30 September 2024

If you have any queries, contact the Old Mutual Early Careers team by emailing earlycareers@oldmutual.com

Skills

Actuarial ScienceEducation

High School (Grade 11) (Required), High School (Grade 12)

Closing Date: 30 September 2024

 

 

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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.