South African students interested in actuarial science are being encouraged to apply for the Old Mutual Actuarial Science Bursary Programme for 2026. The application deadline is set for 30 May 2026. Successful applicants will study at selected universities across the country.
Old Mutual Bursary Programme Details
The Old Mutual Actuarial Science Bursary is designed for high-achieving learners aiming for a career in actuarial science. The programme provides full financial support throughout university studies and extends into the early stages of a professional career.
Recipients of the bursary are assured of employment with Old Mutual after graduation. The company states,
“This bursary offers full financial support throughout your studies and continues to support you into your professional career, including guaranteed employment after graduation.”
Comprehensive Support And Incentives
The bursary covers tuition, accommodation, meals, study materials, and return flights home for those studying away from their hometowns. Students who excel academically may be eligible for further incentives.
Additional benefits include vacation work, networking opportunities, mentorship, and career guidance. Old Mutual also provides personal and professional development initiatives for bursary holders. The company highlights,
“Vacation work opportunities, networking with industry professionals, personal and professional development, mentorship and career guidance, guaranteed employment at Old Mutual after graduation.”
Participating Universities
Applicants must be enrolled at or applying to one of several South African universities. These include the University of Cape Town, University of Pretoria, University of the Witwatersrand, University of Johannesburg, Stellenbosch University, North-West University, University of the Free State, and University of KwaZulu-Natal.
It is important to note that the University of KwaZulu-Natal is no longer accredited by the Actuarial Society of South Africa. Only students at the listed institutions are eligible for the bursary.
Old Mutual Bursary Requirements
To qualify, candidates must be South African citizens and demonstrate strong academic performance. The minimum requirements are 80% in Mathematics, 60% in English Home Language or 70% in English First Additional Language, and 70% in all other subjects.
Applicants must also be committed to qualifying as an actuary and willing to work for Old Mutual after completing their studies. The bursary is open to both current and prospective university students.
Application And Selection Process
The application process is conducted online through the Old Mutual careers portal. Applicants are required to submit a one-page CV, a completed motivation form, and relevant academic records.
Candidates will also complete a gamified assessment, and those shortlisted will undergo psychometric testing and a virtual interview. The company notes,
“If you do not receive feedback by 31 July 2026, consider your application unsuccessful.”
Supporting Documentation And Special Considerations
Applicants must provide certified copies of their ID, Grade 10–12 school reports, matric certificate if available, university acceptance letter, and academic transcripts for current students.
Preference is given to candidates from disadvantaged backgrounds and persons with disabilities. Parental or guardian consent is required for those under 18 years old. Incomplete applications will not be considered for the bursary.
Career Opportunities And Long Term Benefits
The bursary offers more than just financial support, as it provides a clear pathway to a career in actuarial science. Recipients gain exposure to one of Africa’s leading financial services companies and benefit from structured career development.
Old Mutual emphasises the security and opportunities provided, stating,
“This bursary offers: Full funding for your studies, career security with guaranteed employment, exposure to one of Africa’s leading financial services companies, a clear pathway to becoming a qualified actuary.”