ABOUT THE BURSARY PROVIDER – OLD MUTUAL
Old Mutual was founded in 1845 in Cape Town, South Africa, as the countries first mutual life insurance provider. Today, the company offers banking; savings; investment; asset management; life assurance; property and personal insurance to its almost 19 million customers across Africa, North and South America, Europe and Asia.
The company has 4 business, including: Old Mutual Emerging Markets (OMEM); Old Mutual Asset Management (OMAM); Old Mutual Wealth (OMW) and Nedbank. Old Mutual is listed on the Johannesburg Stock Exchange (JSE), as well as the London Stock Exchange (LSE) among others and boasts a workforce of around 64,000 employees.
ABOUT THE OLD MUTUAL ACTUARIAL BURSARY PROGRAMME – FIELDS COVERED
Old Mutual is inviting students to apply for their Actuarial Bursary programme, for the 2025 academic year.
The bursary will be awarded for Actuarial Science studies, at any of these selected institutions: University of Cape Town, University of Stellenbosch, University of Pretoria, University of the Witwatersrand, University of Free State, North-West University.
Old Mutual is looking for dedicated and self-driven students who love a good challenge or are a “maths whiz”, to join their bursary programme.
MORE ABOUT THE OLD MUTUAL ACTUARIAL BURSARY PROGRAMME – EXPENSES COVERED & OTHER OPPORTUNITIES
The Old Mutual bursary will provide cover for the following expenses: tuition fees, study materials, meals, accommodation in residence and return flights home (if studying outside of your hometown).
Students will also have the chance to partake in vacation work, during the holidays, from the second year of study. There are also further benefits for students who perform well in their studies.
After graduation, bursary recipients will receive the following benefits: guaranteed employment, mentoring by a qualified and experienced actuary, in-house rotation programme to gain exposure to professional development across all areas.
WHAT AN ACTUARIAL SCIENCE CAREER INVOLVES
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
- Setting up investment strategies and 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 be under 21 years old
- You must have completed Matric or be currently in Matric
- You must NOT have completed any post-Matric qualifications
- You must be studying or intend on studying towards an undergraduate Actuarial Science qualification
- You must be studying or have applied to study at one of the following tertiary institutes: University of Cape Town, University of Stellenbosch, University of Pretoria, University of the Witwatersrand, University of Free State, North-West University
- You must have achieved a minimum result of 80% for Mathematics (not Mathematics Literacy) in Matric
- You must have achieved a minimum result of 60% for English HL or 70% for English FAL in Matric
- You must have achieved a minimum result of 70% for all other subjects in Matric
- You must be committed to qualifying as an actuary and working for Old Mutual after graduation
HOW TO APPLY FOR THE OLD MUTUAL ACTUARIAL BURSARY
Applications must be submitted online at: Old Mutual Actuarial Science Bursary Application 2025
(Reference: JR-56692)
Applicants will be required to Create an Account before they can Login and apply.
Submit clear copies of the following supporting documentation along with your online application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):
- ID document (certified copy)
- Matric latest results, if currently in Matric
- Matric certificate, if completed Matric
- Proof of acceptance or conditional acceptance at University, if applicable
- Full academic transcript, if currently studying
- Completed Bursary Motivation Form
- NBT statement, if applicable
- Curriculum Vitae (1 page)
CLOSING DATE FOR THE OLD MUTUAL ACTUARIAL BURSARY
31 October 2024 (extension).
(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:
Early Careers team
Email: earlycareers@oldmutual.com
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