Momentum Group Actuarial Science Bursaries 2027: Financial Support for University Students

Momentum Group is offering bursaries for Actuarial Science students in South Africa for the 2027 academic year. This opportunity is for current university students who have completed their first year and meet specific academic requirements. The bursary aims to support students in their studies and provide them with valuable industry experience.

Application Closing Date: 31 August 2026
Location: Accredited South African universities (Centurion, Sandton, Cape Town)
Programme Duration: Remainder of degree
Stipend: Financial support for tuition, textbooks, accommodation, meals, and travel
Minimum Qualification: First-year Actuarial Science studies completed with a 70% GPA
Opportunity Type: Bursary

About the Momentum Group Actuarial Science Bursary

The Momentum Group Actuarial Science Youth Bursary Programme is designed to support high-performing university students pursuing actuarial science. This bursary is not for Grade 12 learners planning to start university. Instead, it targets students who are already enrolled in an approved actuarial science qualification and have successfully finished their first year of study.

The programme provides financial assistance for tuition, textbooks, and other academic expenses. It also offers recipients professional mentorship, vacation work, and networking opportunities within the financial services sector. Momentum Group aims to develop future actuarial professionals who can contribute to the company and the broader South African financial industry.

About Momentum Group

Momentum Group is a leading South African financial services organization. The company offers a wide range of services, including insurance, investments, retirement solutions, health, employee benefits, and financial planning. Through initiatives like the Actuarial Science Bursary Programme, Momentum Group shows its commitment to developing talent and supporting the growth of the actuarial and financial services sectors in South Africa.

What the Momentum Group Bursary Covers

Successful applicants for the Momentum Group Actuarial Science Bursary can expect comprehensive financial support. This includes coverage for annual university registration fees and full tuition fees. The bursary also assists with the cost of prescribed textbooks and general academic expenses.

Depending on the student’s needs and circumstances, financial aid may also be provided for accommodation, meals, and travel allowances. Beyond financial assistance, recipients gain access to valuable professional mentorship, opportunities for vacation work, and networking events with industry professionals. This holistic support aims to provide practical insight into the actuarial profession and foster career development.

Eligible Actuarial Science Qualifications

To be eligible for this bursary, applicants must be currently enrolled in one of the following specific qualifications at a South African university:

• Bachelor of Science in Actuarial Science
• Bachelor of Business Science in Actuarial Science
• Bachelor of Commerce in Actuarial Science
• Bachelor of Science in Actuarial and Financial Mathematics

Students pursuing degrees outside of these listed fields will not be considered for this particular bursary programme.

Who Can Apply?

This bursary is specifically for current university students in South Africa who are studying actuarial science. Applicants must be South African citizens and currently registered at an accredited university. A key requirement is the successful completion of the first year of actuarial studies with a minimum grade point average (GPA) of 70%.

Furthermore, applicants should not be receiving any other bursary for the 2027 academic year. They must be committed to completing their degree within the university’s standard timeframe and show an interest in potentially joining Momentum Group after graduation. Grade 12 learners are not eligible for this programme.

Minimum Requirements

To be considered for the Momentum Group Actuarial Science Bursary, applicants must meet several criteria. They must be South African citizens currently enrolled at a South African university in an approved Actuarial Science qualification. A crucial academic requirement is the successful completion of their first year of actuarial studies with a minimum GPA of 70%.

Applicants must also not be receiving any other bursary for the 2027 academic year. They need to be committed to finishing their degree on time and demonstrate potential for future employment with Momentum Group. A strong academic record throughout their university studies is essential.

Actuarial Exemption Requirement

A significant aspect of this bursary is the requirement for recipients to work towards actuarial exemptions. Successful bursary holders will be expected to graduate with at least four actuarial exemptions, excluding N111. Applicants should be aware of the exemption requirements associated with their university programme and the actuarial profession. Continued financial support from the bursary may depend on maintaining satisfactory academic performance and making progress toward these required exemptions.

Commitment to Momentum Group

Successful bursary recipients are expected to show a strong willingness to join Momentum Group after completing their qualifications. The bursary programme is designed to nurture future actuarial professionals who can contribute to the company’s success. The specific terms regarding future employment or work-back conditions will be detailed in the bursary agreement provided to successful applicants. This commitment ensures that the investment in a student’s education can lead to valuable contributions to the organization.

Competencies Momentum Group Looks For

Momentum Group seeks candidates who demonstrate a passion for the actuarial profession and a strong commitment to their studies. Key competencies include excellent written and verbal communication skills, as well as strong problem-solving abilities. The company values candidates with good organizational skills, self-discipline, and self-motivation.

Integrity, honesty, and a results-oriented approach are also important. Applicants should be responsible, accountable, and able to meet deadlines. Demonstrating enthusiasm and a willingness to learn are essential qualities for success in this demanding field.

Motivation Letter Requirements

Applicants are required to submit a one-page motivation letter along with their updated CV. This letter should clearly articulate why the applicant chose Actuarial Science and why they are applying for the Momentum Group bursary. It should highlight their academic achievements, career aspirations within the actuarial field, and any leadership, volunteer, or extracurricular experiences.

The letter should also explain how the bursary will support their studies and why they are interested in joining Momentum Group after graduation. Both the CV and the motivation letter must be submitted as a single, combined document.

Documents Required

Applicants must prepare and submit several important documents. These include a detailed and up-to-date CV, along with the one-page motivation letter, combined as a single file. A certified copy of the Matric certificate and academic transcripts for all completed university years are mandatory.

Additionally, a certified copy of the South African identity document, showing both sides, is required. Applicants should ensure that all submitted documents are clear, readable, and certified where necessary. Any additional documents requested through the online application system must also be provided.

How to Apply for the Momentum Group Actuarial Science Bursary 2027

Applications for the Momentum Group Actuarial Science Bursary 2027 must be submitted through the official Momentum Group bursary recruitment platform.

Click here to apply for the Momentum Group Actuarial Science Bursary 2027.

When applying, applicants should use the following details to identify the opportunity: Bursary title: Actuarial Science Youth Bursary 2027, Reference number: MMH260513-2. It is important to create or access an applicant profile, complete all compulsory sections, and upload all required documents, including the combined CV and motivation letter, certified certificates, and academic transcripts. Applicants should carefully review their submission before the closing date.

Bursary Application Closing Date

The deadline for submitting applications for the Momentum Group Actuarial Science Bursary 2027 is 31 August 2026. It is advisable for applicants to submit their applications well before this date. This will allow ample time to gather, certify, and upload all necessary documents without last-minute issues.

Bursary Enquiries

For any assistance or questions regarding the Momentum Group Actuarial Science Bursary 2027, applicants can contact the provided email address. Please clearly state that your query relates to the “Actuarial Science Youth Bursary 2027” and include the reference number “MMH260513-2” in your email.

Important Application Advice

Before submitting your application, double-check that you meet all the essential criteria. Confirm your South African citizenship and that you are currently studying an approved Actuarial Science qualification at a university. Ensure you have successfully completed your first year with a GPA of at least 70% and are not receiving another bursary for 2027.

Verify that your CV and motivation letter are combined into one document and that your academic transcripts cover all completed years of study. Make sure both sides of your identity document are attached and certified. Finally, confirm that your application is submitted before the closing date of 31 August 2026.

Frequently Asked Questions

Who can apply for the Momentum Group Actuarial Science Bursary 2027?
This bursary is for current university students in South Africa who have completed their first year of an approved Actuarial Science qualification and meet academic and citizenship requirements.

What is the closing date for the Momentum Group Actuarial Science Bursary 2027?
The closing date for applications is 31 August 2026.

Does the Momentum Group Actuarial Science Bursary cover accommodation and meals?
Yes, the bursary may provide financial support for accommodation and meal allowances where applicable.

What documents are needed to apply for this bursary?
Required documents include a CV, motivation letter, certified Matric certificate, academic transcripts, and a certified copy of your SA ID.

Can Grade 12 learners apply for this bursary?
No, this bursary is not open to Grade 12 learners; it is for students already enrolled in their first year or beyond at university.

How do I apply for the bursary online?
You need to apply through the official Momentum Group bursary recruitment platform by creating a profile and uploading all required documents before the closing date.

SHARE THIS POST WITH OTHERS.