Old Mutual Actuarial Bursary

Who can apply

• Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
• You must be a South African citizen
• You must have completed Matric or be currently in Matric
• You must be studying or intend on studying towards an undergraduate Actuarial Science qualification
• You must be studying or have applied to study at one of the following tertiary institutes: University of Cape Town, University of Stellenbosch, University of Pretoria, University of the Witwatersrand, University of Free State, North-West University
• You must have achieved a minimum result of 80% for Mathematics (not Mathematics Literacy) in Matric
• You must have achieved a minimum result of 60% for English HL or 70% for English FAL in Matric
• You must have achieved a minimum result of 70% for all other subjects in Matric
• You must be committed to qualifying as an actuary and working for Old Mutual after graduation
• Preference will be given to students from under-represented designated groups, including candidates with disabilities
• Preference will be given to students from previously disadvantaged background or those who demonstrate financial need

How to apply

Applications are submitted directly to Old Mutual Actuarial - we do not collect applications. Read the eligibility criteria, prepare your supporting documents, then complete your application on the official page.

Full details

Old Mutual Actuarial Bursary South Africa 2027

WHAT FIELDS DOES THE OLD MUTUAL BURSARY PROGRAMME COVER?

Old Mutual is inviting students to apply for their Actuarial Bursary programme, for the 2027 academic year.

The bursary will be awarded for Actuarial Science studies, at any of these selected institutions:

• North-West University
• Stellenbosch University
• University of Cape Town
• University of Pretoria
• University of the Free-State
• University of the Witwatersrand
• University of Johannesburg
• University of Kwa Zulu Natal (no longer ASSA accredited)

Old Mutual is looking for dedicated and self-driven students who love a good challenge or are a “maths whiz”, to join their bursary programme.

WHAT EXPENSES DOES THE OLD MUTUAL ACTUARIAL BURSARY PROGRAMME COVER?

The Old Mutual bursary will provide cover for the following expenses: tuition, study materials, meals, accommodation in residence and return flights home (if studying outside of your hometown).

Bursary recipients will receive support for the full duration of their degree and students who achieve excellent grades will receive more incentives.

WHAT OTHER OPPORTUNITIES DOES THE OLD MUTUAL ACTUARIAL BURSARY PROGRAMME OFFER?

After graduation, bursary recipients will receive the following benefits: guaranteed employment, mentoring by a qualified and experienced actuary, in-house rotation programme to gain exposure to professional development across all areas.

WHAT ARE THE ELIGIBILITY CRITERIA FOR THE OLD MUTUAL ACTUARIAL BURSARY?

Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

• You must be a South African citizen
• You must have completed Matric or be currently in Matric
• You must be studying or intend on studying towards an undergraduate Actuarial Science qualification
• You must be studying or have applied to study at one of the following tertiary institutes: University of Cape Town, University of Stellenbosch, University of Pretoria, University of the Witwatersrand, University of Free State, North-West University
• You must have achieved a minimum result of 80% for Mathematics (not Mathematics Literacy) in Matric
• You must have achieved a minimum result of 60% for English HL or 70% for English FAL in Matric
• You must have achieved a minimum result of 70% for all other subjects in Matric
• You must be committed to qualifying as an actuary and working for Old Mutual after graduation
• Preference will be given to students from under-represented designated groups, including candidates with disabilities
• Preference will be given to students from previously disadvantaged background or those who demonstrate financial need

HOW CAN I APPLY FOR THE OLD MUTUAL ACTUARIAL BURSARY?

Applications must be submitted online at: Old Mutual Actuarial Science Bursary Application 2027(Reference: JR-78363)

Applicants will be required to Create an Account before they can Login and apply.

Enter “www.zabursaries.co.za” in the field asking how you heard about the Old Mutual bursary.

WHAT DOCUMENTS ARE REQUIRED TO APPLY FOR THE OLD MUTUAL BURSARY?

Submit clear copies of the following supporting documentation along with your online application (the submission of these documents is compulsory - if any items are missing, your application may be disqualified):

• ID document (certified copy)
• Matric latest results, if currently in Matric
• Matric certificate, if completed Matric
• Proof of acceptance or conditional acceptance at University, if applicable
• Full academic transcript, if currently studying
• Completed Bursary Motivation Form, which includes a non-time gamified assessment
• NBT statement, if applicable
• Curriculum Vitae (1 page)

WHAT IS THE SELECTION PROCESS FOR THE OLD MUTUAL ACTUARIAL BURSARY?

Shortlisted candidates will be contacted by 31 July 2026 and will be sent a link to complete psychometric assessments. If you do not receive any feedback by this date, please consider your application unsuccessful.

Finalists will be invited to a selection day whereby interviews will be held. Candidates who are selected after the interview you will receive a provisional offer which will be confirmed final matric results and proof of acceptance at University for an Actuarial Science programme, have been receive.

WHAT IS THE CLOSING DATE FOR THE OLD MUTUAL ACTUARIAL BURSARY?

30 June 2026.

(Applications submitted after this date will not be accepted - please apply before the closing date to ensure your application is considered.)

HOW CAN I CONTACT THE BURSARY PROVIDER?

For any queries related to this bursary programme, please contact Old Mutual directly:Early Careers teamEmail: earlycareers@oldmutual.com

WHAT DOES AN ACTUARY DO?

An Actuary solves financial problems which allows individuals and companies to safeguard their financial future. An Actuary is involved with the following areas of work:

• Providing pension funds with investment advice and forecasting potential return on investment
• Designing insurance and investment products for companies
• Calculate profit and loss for companies
• Projecting a companies future profits
• Setting up investment strategies and monitoring a companies performances

WHAT DOES OLD MUTUAL DO?

Old Mutual was founded in 1845 in Cape Town, South Africa, as the countries first mutual life insurance provider. Today, the company offers banking; savings; investment; asset management; life assurance; property and personal insurance to its almost 19 million customers across Africa, North and South America, Europe and Asia.

The company has 4 business, including: Old Mutual Emerging Markets (OMEM); Old Mutual Asset Management (OMAM); Old Mutual Wealth (OMW) and Nedbank. Old Mutual is listed on the Johannesburg Stock Exchange (JSE), as well as the London Stock Exchange (LSE) among others and boasts a workforce of around 64,000 employees.

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