About Old Mutual:
Founded in 1845 and located in Cape Town, Old Mutual has grown to become a prominent pan-African financial services group, offering valuable financial solutions to both retail and corporate customers. With operations across 14 countries in Africa and Asia, Old Mutual’s mission is to help individuals and companies invest their money wisely to achieve their financial goals and build a sustainable future.
Old Mutual Actuarial Bursary:
Old Mutual is committed to nurturing young talent in South Africa and helping them achieve success in their careers. Through the Actuarial Bursary, Old Mutual invites exceptional South African students who are interested in pursuing a career in Actuarial Science to apply for the program.
The bursary offers comprehensive support throughout the students’ studies and promises a value-driven career at Old Mutual. It covers various expenses, including:
- Full tuition fees
- Study materials, meals, books, and a general allowance
- Accommodation fees
- Financial, emotional, and academic support throughout the degree
- Personal mentoring by an expert actuary
- Incentives for students with excellent grades
- Vacation work opportunities from the second year
- In-house rotation program for exposure to diverse areas
- One return flight home for students away from their hometown
- Guaranteed employment after graduation
- Personal development and networking opportunities
Eligibility Criteria:
Applicants for the Old Mutual Actuarial Bursary must meet the following criteria:
- South African citizenship
- Below 21 years of age
- Currently studying or have completed Matric
- No post-matric qualification
- Minimum 80% in Mathematics (not Maths Literacy), 70% in all other subjects, 60% in English HL, or 70% in English FAL
- Commitment to becoming an Actuary and working for Old Mutual after graduation
- Applied for or currently studying at one of the specified universities
Application Process:
To apply for the Old Mutual Actuarial Bursary, follow these steps:
- Complete the Old Mutual Actuarial Bursary Motivation Form 2024-2025.
- Complete the online application along with the gamified assessment (untimed).
Selection Process:
- Shortlisted applicants will be invited to complete psychometric tests.
- Selected candidates will be called for interviews on the ‘Selection Day.’
- If successful in the interview, candidates will receive a provisional offer upon submitting final matric results and proof of university acceptance for Actuarial Science.
Important Note:
- If under 18 years old, parental/guardian consent is mandatory.
- Preference will be given to under-represented designated groups, including the disabled.
- Preference will be given to applicants from previously underprivileged backgrounds or those with financial needs.
Required Documents:
- One-page CV (reference)
- Grade 10, 11, and 12 results
- Matric Certificate (if applicable)
- ID copy
- Conditional acceptance letter/University acceptance (if applicable)
- NBT Statement (if applicable)
- Full Academic Transcript (if a current university student)
- Head and Shoulders Photo
Closing Date:
The application deadline is 31 July 2024-2025 (23:59).
Contact Details:
For inquiries related to the Old Mutual Actuarial Bursary, contact the Old Mutual Early Careers Team via email: earlycareers@oldmutual.com.
