Old MutualOld Mutual

Fully funded

Old Mutual Actuarial Bursary

Old Mutual, South Africa

Scholarship overview

The Old Mutual Actuarial Bursary is one of two study bursaries Old Mutual offers South African school leavers, alongside its Accounting bursary. It targets students who are strong in mathematics and want to become actuaries, funding full-time study at a set list of South African universities.

While studying, bursars get work experience at Old Mutual: vacation work from second year, mentoring by an experienced, qualified actuary, and an in-house rotation programme that exposes them to professional development across the business. Bursars are guaranteed employment at Old Mutual once they complete their degree.

The Actuarial bursary uses the same application process as the Old Mutual Accounting bursary: an online screening form, a gamified psychometric assessment, a digital motivation form and a live video interview, with feedback given at every stage. It is open to South African citizens only.

Award Information

  • South African citizen.
  • An A for matric Mathematics (not Mathematical Literacy) and Bs for all other matric subjects.
  • Must study, or plan to study, Actuarial Science at one of: North-West University, University of Cape Town, Stellenbosch University, University of Pretoria, University of the Witwatersrand, University of the Free State, University of Johannesburg or University of KwaZulu-Natal.
  • Full tuition.
  • Accommodation with meals.
  • General allowance and books allowance.
  • Travel allowance where applicable.
  • Incentives for good performance.
  • Academic and emotional support.
  • Vacation work from second year of study.
  • Networking opportunities.
  • Mentoring by an experienced, qualified actuary and an in-house rotation programme across all areas of the business.
  • Guaranteed employment at Old Mutual on completing the degree.
  • 2027 bursary applications: April to 30 June 2026 (closed).
  1. Complete the online screening application form on the Old Mutual bursary page, giving your personal details, a high-level CV and academic results for key subjects.
  2. If you meet the minimum requirements, complete the online gamified psychometric assessment.
  3. Complete the digital application form emailed to you, explaining why you chose the Old Mutual bursary and why you want to study Actuarial Science.
  4. Attend a live video interview on Microsoft Teams, answering questions about times you used specific skills (the STAR method) and your interest in an actuarial career.

Applications are made through the Old Mutual Actuarial bursary page. Feedback is given at each stage.

Official links

Documents you will need

  • A high-level CV.
  • Academic results for key matric or university subjects, submitted with the online screening form.

How selection works

  • Online screening form checked against the minimum academic requirements.
  • Candidates who pass the screening complete an online gamified psychometric assessment.
  • Shortlisted candidates complete a digital application form on their motivation for the bursary and for Actuarial Science.
  • Final stage is a live video interview assessing past behaviour and genuine interest in the career.
  • Feedback is given to candidates at each stage of the process.

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