2021/ 2022 Old Mutual Actuarial Bursary Opened

The 2021/ 2022 Old Mutual Actuarial Bursary program has been opened and they are inviting all students to apply. Interested applicants should apply using the details below.

The Old Mutual Actuarial Bursary will provide cover for the following expenses: tuition fees, meals, accommodation, textbook allowance, travel allowance and a general allowance. Students will also receive the following benefits: networking opportunities, incentives for good performance, emotional and academic support, as well as the chance to undertake vacation work (from your 2nd year of study).

Once students have graduated, they will also receive the following opportunities: solo mentoring by a qualified and experienced actuary, guaranteed employment, in-house rotation programme allowing you access to professional development in various areas and working alongside industry experts in various fields.
 

ABOUT ACTUARIAL SCIENCE

An Actuary solves financial problems which allows individuals and companies to safeguard their financial future. An Actuary is involved with the following areas of work:

  • Designing insurance and investment products for companies
  • Calculate profit and loss for companies
  • Projecting a companies future profits
  • Monitoring a companies performances
  • Providing pension funds with investment advice and forecasting potential return on investment

ELIGIBILITY REQUIREMENTS FOR THE OLD MUTUAL ACTUARIAL BURSARY

Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

  • You must be a South African citizen
  • You must have completed Matric or be currently in Matric
  • You must be studying or intend on studying towards an Actuarial Science qualification
  • You must be studying or intend on studying at one of the following tertiary institutes: University of Cape Town/ University of Witwatersrand/ University of Pretoria/ Stellenbosch University
  • You must have achieved a minimum “A” symbol for Mathematics (NOT Mathematical Literacy) in Matric
  • You must have achieved a minimum “B” symbols for all other subjects in Matric

Students must also possess the following personal attributes:

  • You must always be up for a challenge
  • You must have strong mathematical skills
  • You must be dedicated and self-motivated

HOW TO APPLY FOR THE OLD MUTUAL ACTUARIAL BURSARY

Applications must be done online at: Old Mutual Actuarial Bursary Application

Candidates will be required to Register an Account before they can Login and Apply
 

You may be required to submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application be disregarded):

  • ID document (certified copy)
  • Grade 11 final results, if currently in Matric (certified copy)
  • Matric certificate or final results, if completed Matric or currently at University (certified copy)

OLD MUTUAL ACTUARIAL BURSARY APPLICATION AND SELECTION PROCESS

Step 1: complete the online application form by filling in personal information and academic results.
Step 2: after completing step 1, students will be required to complete online gamified assessments and a psychometric assessment.
Step 3: after completing step 2, students will receive an email to complete the digital application form – this form will ask students to explain why they would like to apply for the Old Mutual Bursary and why they are interested in a career in Actuarial Science.
Step 4: after completing step 3, students will be invited to an online interview – the interview will assess students true interest in Actuarial Science and give the team a chance to get to know you better.
 

CLOSING DATE FOR THE OLD MUTUAL ACTUARIAL BURSARY

31 August 2021.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
 

CONTACT THE BURSARY PROVIDER

For any queries related to this bursary programme, please contact Old Mutual directly:
Tel: 021 504 7285
Email: support@hazie.co.za (for technical issues when applying)