Momentum Group Bursary: Launch Your Career with Full Support

Momentum Metropolitan Holdings Limited, a major player in South Africa’s financial services sector, provides the Momentum Group Actuarial Bursary to academically strong students with a passion for mathematics and problem-solving. The bursary is aimed at developing highly skilled actuarial professionals who will contribute to the insurance and financial industries. In addition to covering tuition, the programme provides a strong professional foundation through internships, mentoring, and career guidance.

Momentum believes in investing in the future of South Africa by supporting students who show potential to make a meaningful impact. This bursary is not only about funding—it’s about developing talent and building leadership.

Fields Covered

The bursary is specifically for students pursuing degrees in:

• BSc Actuarial Science
• BSc Actuarial and Financial Mathematics
• BCom Actuarial Science
• Bachelor of Business Science in Actuarial Science

These qualifications must be obtained from accredited South African universities.

Eligibility Criteria

To be considered for the bursary, applicants must:

• Be South African citizens with a valid ID
• Be enrolled full-time at a recognised South African university
• Be in their second year of study or above in Actuarial Science
• Have achieved and maintained a minimum overall average of 70%
• Not be receiving any other bursary, scholarship, or financial aid
• Display strong communication, analytical, and problem-solving skills
• Demonstrate leadership potential and a commitment to ethical behaviour

Preference is given to candidates from previously disadvantaged backgrounds and those who show a real passion for actuarial science and making a difference.

Bursary Coverage

The Momentum Group Bursary is comprehensive and includes:

• Full tuition and registration fees
• Prescribed textbooks and academic resources
• Meals and accommodation (either university residence or private)
• Travel and data allowances where applicable
• Ongoing mentorship by professional actuaries and industry leaders
• Vacation work opportunities to gain hands-on experience
• Access to graduate recruitment and job placement within the group

This bursary is designed not only to fund education but also to integrate students into the Momentum culture early, preparing them for long-term success.

Requirements of Recipients

To maintain the bursary, students must:

• Pass all enrolled subjects each academic year
• Complete their degree in the minimum allocated time
• Achieve a minimum of four actuarial exemptions during their studies
• Submit all required documentation and results on time
• Participate in mentorship sessions and vacation work where required
• Demonstrate continued commitment to the actuarial profession

Failure to meet these conditions may result in termination of funding or repayment obligations, depending on the agreement signed.

Application Process

Applications must be completed online through the Momentum bursary portal. Students are advised to prepare the following documents for submission:

• Certified copy of South African ID
• Certified copy of Matric Certificate
• Full tertiary academic transcripts to date
• Comprehensive CV
• A motivational letter (approximately 500 words) outlining career goals, interest in Actuarial Science, and why Momentum should invest in them

Only shortlisted candidates will be contacted for interviews or further assessments.

Final Thoughts
The Momentum Group Bursary is a gateway to one of the most prestigious and rewarding careers in South Africa. If you’re a hardworking student who excels in mathematics and wants to build a future in actuarial science, this bursary offers everything you need—from financial support to real-world experience. Don’t miss your chance to be part of a company that values talent, growth, and future-focused innovation. Apply today and take the first step toward a successful actuarial career.Tools