Hey future actuaries! 👋 Dream of solving complex financial puzzles and securing a brilliant career? Then you absolutely need to check out the Old Mutual Actuarial Bursary 2026! This isn’t just funding; it’s your ticket to becoming a financial wizard with one of South Africa’s most respected companies.
Old Mutual, a giant in the financial services world, offers this incredible bursary specifically for students passionate about Actuarial Science. They’re looking for bright minds – those ‘maths whizzes’ who love a good challenge – to join their team. This bursary isn’t just about paying your fees; it’s about investing in your future, giving you the support you need to shine and eventually land a fantastic job with them!
Who Can Apply?
Think you’ve got what it takes? Here’s what Old Mutual is looking for in their next Actuarial Bursary rockstar:
- You MUST be a South African citizen.
- You need to have completed Matric or be busy with your Matric exams right now.
- You must be studying, or planning to study, an undergraduate Actuarial Science qualification.
- Your university must be one of these: North-West University, Stellenbosch University, University of Cape Town, University of Pretoria, University of the Free State, University of the Witwatersrand.
- You nailed Maths in Matric with at least 80% (not Maths Literacy!).
- You did great in English too: at least 60% for English HL or 70% for English FAL.
- For all your other Matric subjects, you need a minimum of 70%.
- You’re super committed to becoming a qualified actuary and joining the Old Mutual family after you graduate.
- Bonus points if you’re from an under-represented group or have a disability.
- Extra consideration for students from previously disadvantaged backgrounds or those who show financial need.
What Does It Cover?
This bursary is super generous and aims to cover pretty much everything you need to focus on your studies, including:
- Your tuition fees (cha-ching!).
- All your study materials (textbooks, notes, etc.).
- Your meals (no hungry study sessions!).
- Accommodation in a university residence (your home away from home).
- Return flights home if you’re studying far from your family.
And that’s not all! You’ll get support for your entire degree, and if you keep those grades high, there are even more incentives waiting for you. Once you graduate, get ready for some amazing perks: guaranteed employment at Old Mutual, mentorship from experienced actuaries, and an awesome in-house rotation programme to kickstart your professional development.
How to Apply?
Ready to jump in? Here’s how to apply for the Old Mutual Actuarial Bursary for the 2026 academic year:
- Head over to the official Old Mutual careers portal: Old Mutual Actuarial Science Bursary Application 2026.
- You’ll need to create an account first, then log in to start your application.
- Make sure you have clear, certified copies of these documents ready to upload with your application (don’t miss anything, or your application might not be considered!):
- Your certified ID document.
- Your latest Matric results (if you’re still in Matric) or your Matric certificate (if you’ve completed it).
- Proof of acceptance or conditional acceptance from your university (if you have it).
- Your full academic transcript (if you’re currently studying at university).
- A completed Bursary Motivation Form (this includes a non-time gamified assessment, so be prepared!).
- Your NBT statement (if applicable).
- A short, one-page Curriculum Vitae (CV).
What happens next? If you’re shortlisted, you’ll hear from Old Mutual by 30 November 2025 and will be asked to complete some psychometric assessments. If you don’t hear back, please assume your application wasn’t successful this time. Finalists will be invited to a selection day for interviews, and successful candidates will get a provisional offer, confirmed once your final Matric results and university acceptance are received.
The closing date for this incredible opportunity is 30 September 2025. Make sure you get your application in before then – no late applications will be accepted!
Got questions? You can reach out to the Old Mutual Early Careers team directly via email: earlycareers@oldmutual.com.
So, if crunching numbers and building a secure financial future sounds like your jam, don’t miss out! This Old Mutual Actuarial Bursary is a game-changer. Head over to their site and apply now – your future self will thank you! And remember to keep exploring more amazing funding opportunities right here on Bursaries Room.
