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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Exceptional South African learners interested in pursuing studies in Actuarial Science are invited to apply for the Old Mutual Bursary Programme.
The bursary programme comes with comprehensive support during university to the day you qualify and beyond into a meaningful career at Old Mutual. It also offers opportunities for personal development, vacation work, networking, and guaranteed employment post-graduation.

What the bursary covers

The bursary covers tuition, study materials, meals, accommodation in residence and return flights home (if studying outside of your hometown). You will receive financial support for the full duration of your degree and students who achieve excellent grades will receive more incentives.

Eligibility Criteria

To be eligible to apply you must meet the following requirements:

General:

You must be a South African citizenYou must have at least 80% in Mathematics, 60% for English HL or 70% for English FAL, 70% for all your other subjects.You must have applied/ be studying at either:

North-West UniversityStellenbosch UniversityUniversity of Cape TownUniversity of PretoriaUniversity of the Free-StateUniversity of the WitwatersrandUniversity of JohannesburgUniversity of Kwa Zulu Natal

You must be committed to qualifying as an actuary and work for the company after graduation.

The Application Process Applications must be submitted online at: www.oldmutual.co.za/careers/actuarial-bursaryDownload and complete the bursary motivation form then complete the online application which includes a gamified assessment (it is not timed). You will be required to attach a one-page CV.Shortlisted candidates will be sent a link to complete psychometric assessments.Finalists will be invited to a selection day where we will conduct interviews.Should you be selected after the interview you will receive a provisional offer which will be confirmed once we receive your final matric results and proof of acceptance at University for an Actuarial Science or Accounting Science programme.

Required Documentation (to be included in the application)

One pager CV (click for advice)Bursary Motivation Form (click, download and complete the form)School Reports for Grade 10 – 12Matric Certificate (if applicable)University acceptance/conditional acceptance letter (if applicable)Full Academic Transcript (applicable to current University students only)ID Copy

Important Notes

Parental/guardian consent is required if you are under 18Preference will be given to candidates from under-represented designated groups, including candidates with disabilitiesPreference will be given to previously disadvantaged background or demonstrate financial needIncomplete applications will not be considered

Applications close 30 September 2025

If you have not heard from us by 30 November 2025, please consider your application unsuccessful. For any queries, contact the Old Mutual Early Careers team by emailing earlycareers@oldmutual.com

Skills

Data Analysis, Information Management, Mathematics, Numerical Aptitude, Risk Management, Science

Competencies

Education

Matriculation Certificate (Matric) (Required)

Closing Date

30 September 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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