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 Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.
Our purpose is to help our customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society.
What the bursary programme offers
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
To be eligible to apply you must meet the following requirements:
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 KwaZulu-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
Bursary Motivation 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 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 31 October 2024
If you have any queries, contact the Old Mutual Early Careers team by emailing ******
Skills
Actuarial Science
Education
High School (Grade 11) (Required), High School (Grade 12) (Required)
Closing Date
31 October 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.
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