Are you a high school student or university applicant in South Africa dreaming of a career in actuarial science? The Old Mutual Actuarial Science Bursaries 2026 offer a top chance for talented learners to get full funding and a job after graduation. This program from Old Mutual supports students at leading universities and helps them build skills in risk management and finance.
Bursary Overview
Old Mutual runs this bursary to find and train future actuaries. Actuaries use math to predict risks for insurance and finance companies. The program gives full financial help during studies and leads to work at Old Mutual once you finish.
It targets South African citizens who excel in school. Applications close on 30 May 2026. Studies happen at selected universities in South Africa.
What the Bursary Covers
This bursary pays for key costs so you can focus on learning. It includes:
- Tuition fees at your university
- Residence or accommodation
- Meals each day
- Books and study materials
- Flights home if you study far from your family
Top students might get extra rewards for great grades.
Extra Benefits
Beyond money, the program builds your career. You get:
- Work during vacations to gain experience
- Chances to meet experts in the field
- Training for personal growth
- A mentor to guide your studies and job path
- A job at Old Mutual after you graduate as an actuary
These perks make the bursary stand out from others.
Eligible Universities
You must study or plan to study at one of these schools:
- University of Cape Town (UCT)
- University of Pretoria (UP)
- University of the Witwatersrand (Wits)
- University of Johannesburg (UJ)
- Stellenbosch University
- North-West University (NWU)
- University of the Free State (UFS)
- University of KwaZulu-Natal (UKZN)
Note that UKZN is listed but no longer fully accredited by ASSA for actuarial science.
Who Can Apply
To qualify, meet these rules:
- South African citizen
- Strong grades: 80% or higher in Mathematics, 60% in English Home Language or 70% in English First Additional Language, and 70% in other subjects
- Accepted or applying to one of the universities above
- Want to become a qualified actuary
- Ready to work for Old Mutual after studies
Old Mutual prefers applicants from poor backgrounds or with disabilities.
How to Apply Step by Step
Follow these steps to submit:
- Go to the Old Mutual careers portal and apply online.
- Download the motivation form, fill it out, and submit.
- Send a one-page CV.
- Do a gamified online test.
- If chosen, take psychometric tests.
- Join a virtual interview if you reach the final stage.
For those under 18, get parent or guardian approval. Full applications only; missing parts mean no chance.
Documents You Need
Prepare these before applying:
- One-page CV
- Bursary motivation form (completed)
- Grade 10 to 12 reports
- Matric certificate if you have it
- University acceptance letter if available
- Academic record if already at university
- Certified ID copy
Upload everything clearly.
Application Link and Contacts
Click here to apply for Old Mutual Actuarial Science Bursary 2026
Email questions to [email protected]. If no reply by 31 July 2026, assume you did not make it.
Reasons to Go for It
This bursary funds your full degree, secures a job, and connects you to a big financial company in Africa. It sets you on a clear road to actuary status with real-world training.
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