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 supports students at select universities and helps them build skills in a key field like insurance and finance.
Bursary Overview
Old Mutual runs this bursary to help South African students study actuarial science. It provides full financial aid during your degree and keeps supporting you into your career. Top performers even get guaranteed employment at Old Mutual once they finish.
What the Bursary Covers
The funding pays for several key costs to let you focus on your studies. This includes tuition fees at your university. It also covers accommodation in a residence, meals, and study materials like books. If you study far from home, you get return flights to visit family.
Students who do very well may earn extra rewards on top of the basics.
Additional Benefits
Beyond money for school, the program offers real-world experience. You can join vacation work to learn on the job. Networking events connect you with experts in the field. There is also mentorship, career advice, and training to grow your skills. The best part is the job waiting at Old Mutual after you graduate.
Eligible Universities
You must study or plan to study at one of these schools, which offer strong actuarial programs:
- 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 no longer accredited by ASSA, but it remains on the list.
Eligibility Criteria
To apply, you need to meet clear requirements. First, be a South African citizen. In school, aim for at least 80% in Mathematics, 60% in English Home Language or 70% in English First Additional Language, and 70% in all other subjects. You must get accepted or apply to one of the listed universities. Show your commitment to becoming an actuary and agree to work for Old Mutual after your studies.
Application Process
The steps are straightforward but need care. Start by going to the Old Mutual careers portal online to apply. Download and fill out the bursary motivation form. Send a one-page CV and do a gamified assessment. If selected, take psychometric tests next. The final step is a virtual interview.
Required Documents
Gather these items before you submit:
- A one-page CV
- The completed bursary motivation form
- Grade 10 to 12 school reports
- Matric certificate if you have it
- University acceptance letter if available
- Academic transcript for current students
- Certified copy of your ID
Important Notes
Old Mutual gives preference to students from disadvantaged backgrounds or those with disabilities. If you are under 18, get consent from a parent or guardian. Only complete applications count, so check everything twice. You will hear back by 31 July 2026, or your application did not succeed.
How to Apply
Applications close on 30 May 2026. Visit the Old Mutual careers site and search for the Actuarial Science Bursary. Use this direct link if needed: apply here. For questions, email [email protected].
Why Apply?
This bursary gives full study funding and job security. You gain entry to a top financial company in Africa. It sets you on a direct path to qualify as an actuary with hands-on support along the way.