Job Description

Exceptional South African learners pursuing or 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.

Old Mutual Actuarial Bursary Programme

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.

Old Mutual purpose is to help its customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society. In this way, the company significantly contribute to improving the lives of its customers and their communities while ensuring a sustainable future for Old Mutual business.

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 citizen
You 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 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

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-bursary
Download 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 aone-page CV.
Shortlisted candidates will be sent a link to complete psychometric assessments. Top 30 finalist
Finalists will be invited to a virtual interview
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 – 12 term 1 Results
Matric 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 18
Preference will be given to candidates from under-represented designated groups, including candidates with disabilities
Preference will be given to previously disadvantaged background or demonstrate financial need
Incomplete applications will not be considered

Applications close 30 May 2026

If you have not heard from Old Mutuual by 31 July 2026, please consider your application unsuccessful. For any queries, contact the Old Mutual Early Careers team by emailing earlycareers@oldmutual.com

Skills: Data Analysis, Data Compilation, Data Controls, Information Management, Numerical Aptitude, Planning and organisational skills, Risk Management

Competencies: Action Oriented, Being Resilient, Builds Networks, Communicates Effectively, Ensures Accountability, Financial Acumen, Instills Trust, Manages Complexity

Education: High School (Grade 12)

Closing Date: 30 May 2026 , 23:59