About This Bursary
Overview
The Old Mutual Actuarial Science Bursaries 2026 is a fully funded programme aimed at supporting high-achieving South African students who wish to pursue a career in actuarial science or related quantitative fields such as mathematics, statistics, and financial mathematics. The bursary is offered by Old Mutual, a leading financial services group in Africa.
Purpose of the Bursary
This bursary is designed to identify and develop future actuaries by providing financial assistance, academic support, and career development opportunities. It helps reduce the financial burden of studying while building a strong talent pipeline for the financial services industry.
Fields of Study Supported
- Actuarial Science
- Mathematics
- Statistics
- Data Science
- Financial Mathematics
Benefits
- Full tuition coverage
- Accommodation and living allowance
- Study material support (textbooks, calculators, etc.)
- Mentorship from industry professionals
- Vacation work experience opportunities
- Possible employment after graduation
Minimum Requirements
- Must be a South African citizen
- Must be in Matric or have completed Matric
- Strong academic performance in Mathematics (usually 70% or higher recommended)
- Good performance in English recommended
- Must intend to study or be studying Actuarial Science or related field
Required Documents
- Certified copy of South African ID
- Matric certificate or latest academic transcript
- Proof of university acceptance (if available)
- Updated CV (optional but recommended)
- Motivational letter
How to Apply
- Visit the official Old Mutual Careers Portal
- Create an online applicant profile
- Search for: Actuarial Science Bursary 2026
- Complete the application form
- Upload all required supporting documents
- Submit your application online before the closing period
Application Link
Selection Process
- Application screening
- Academic performance evaluation
- Psychometric testing
- Interviews for shortlisted candidates
- Final selection and offer letters
Who Should Apply
- Students passionate about mathematics and problem-solving
- High-achieving learners in quantitative subjects
- Individuals interested in finance, risk, and insurance
- Students committed to completing a demanding degree
Important Notes
- Closing date is not clearly specified and applications may close once quotas are filled
- Only shortlisted candidates will be contacted
- Late applications are not accepted
- Preference is given to high-performing students
Final Thoughts
The Old Mutual Actuarial Science Bursaries 2026 offer one of the most competitive funding opportunities in South Africa. With full financial support, mentorship, and career exposure, it provides a strong pathway into one of the most respected professions in the financial industry.