Old Mutual Actuarial Bursary Open for 2027
Students who enjoy Mathematics and want to build a career in finance often consider Actuarial Science as one of the most rewarding study paths in South Africa. However, studying towards an actuarial qualification can be expensive, especially at top universities. This is where the Old Mutual Actuarial Bursary comes in.
The bursary programme is designed to support academically strong South African students who want to pursue a career as professional actuaries. In addition to covering major study costs, the programme also offers mentorship, professional exposure, and guaranteed employment opportunities after graduation.
What Is the Old Mutual Actuarial Bursary?
The Old Mutual Actuarial Bursary is a financial aid programme aimed at students who are passionate about Mathematics and interested in pursuing a qualification in Actuarial Science. The company seeks talented students who are disciplined, self-driven, and capable of handling challenging academic work.
Actuarial Science is a field that combines Mathematics, statistics, economics, and finance to assess risk in industries such as insurance, investments, banking, and pensions. Actuaries play an important role in helping companies make informed financial decisions.
Through this bursary, Old Mutual aims to develop future actuarial professionals while also helping students from disadvantaged backgrounds access higher education opportunities.
What Does the Bursary Cover?
One of the biggest advantages of the Old Mutual Actuarial Bursary is the comprehensive financial support it provides. Successful applicants may receive funding for:
- Tuition fees
- Accommodation in residence
- Meals
- Study materials and books
- Return travel home for students studying away from home
Students who perform exceptionally well academically may also receive additional incentives and rewards.
Unlike many bursaries that only provide funding, the Old Mutual programme also focuses on long-term career development.
Additional Benefits of the Programme
The bursary offers much more than financial assistance. Students selected for the programme also gain access to:
- Mentorship from qualified actuaries
- Vacation work opportunities
- Professional networking exposure
- In-house rotational training programmes
- Academic and emotional support
- Guaranteed employment opportunities after graduation
These benefits help bursary recipients gain real-world industry experience before completing their studies.
For many students, the opportunity to secure employment after graduation is one of the most attractive features of the programme. The actuarial profession is highly competitive, and practical work experience can provide a major advantage.
Which Universities Are Supported?
The bursary supports students studying at selected South African universities that offer recognised Actuarial Science programmes.
According to the latest bursary information, supported institutions include:
- University of Cape Town
- Stellenbosch University
- University of Pretoria
- University of the Witwatersrand
- North-West University
- University of Johannesburg
- University of the Free State
- University of KwaZulu-Natal
Students must either already be studying at one of these institutions or intend to apply there for Actuarial Science studies.
Minimum Requirements
The bursary is highly competitive, and applicants must meet strict academic requirements. To qualify, students generally need to:
- Be South African citizens
- Have completed Matric or currently be in Matric
- Intend to study Actuarial Science
- Achieve strong Mathematics marks
- Meet the required English results
- Maintain good overall academic performance
The bursary specifically requires strong Mathematics performance, as Maths is considered essential for actuarial studies. Mathematics Literacy is not accepted.
Preference may also be given to students from previously disadvantaged backgrounds, students with disabilities, and applicants who demonstrate financial need.
Why Choose a Career in Actuarial Science?
Actuarial Science is one of the most respected and highest-paying professions in the financial sector. Actuaries are experts in analysing risk and helping organisations plan for the future.
An actuary may work in areas such as:
- Insurance
- Investments
- Pension funds
- Banking
- Healthcare financing
- Risk management
Their work often involves using statistics and financial models to predict future events and help businesses make strategic decisions.
Because of the technical nature of the profession, actuarial qualifications are challenging to complete. However, the rewards can be significant, with strong career growth opportunities both locally and internationally.
About Old Mutual
Old Mutual is one of South Africa’s oldest and most recognised financial services companies. Founded in 1845, the company offers a wide range of financial products and services, including insurance, investments, banking, retirement planning, and wealth management.
The company operates across multiple countries and serves millions of customers globally. Over the years, Old Mutual has invested heavily in graduate development programmes, internships, and bursaries to help develop young South African talent.
Although public discussions online sometimes include customer complaints and mixed opinions regarding financial services experiences, the company remains one of the major employers and training providers within South Africa’s financial sector.
Application Process
Applications for the bursary are submitted online through the official Old Mutual careers platform. Applicants are generally required to create an account before completing the application form.
Supporting documents may include:
- Certified copy of ID
- Matric results or certificate
- Proof of university acceptance
- Academic transcripts
- Curriculum Vitae (CV)
- National Benchmark Test results, if applicable
- Motivation forms
Shortlisted applicants may also complete psychometric assessments and attend interviews as part of the selection process.
Closing Date
30 May 2026.
Final Thoughts
The Old Mutual Actuarial Bursary is an excellent opportunity for talented South African students who want to pursue a career in one of the country’s most competitive professions. The bursary not only removes financial barriers but also provides mentorship, industry exposure, and career support.
For students who are passionate about Mathematics and willing to work hard, this bursary can open the door to a rewarding future in the financial services industry.