Old Mutual Actuarial Bursary South Africa 2026

Bursary Name	Old Mutual Actuarial Bursary
Bursary Closing Date	September 30, 2025
Bursary Sponsor	OLD MUTUAL
Funded Items	Full tuition fees, Study materials, Accommodation in residence, Meals Return flights home (for out-of-town students).

Application Link

Old Mutual, established in 1845 in Cape Town, is South Africa’s first mutual life insurance provider. It has evolved into a global financial services leader, offering insurance, banking, asset management, investments, and savings to nearly 19 million clients across Africa, the Americas, Europe, and Asia.

The company operates through four core businesses: Old Mutual Emerging Markets, Old Mutual Asset Management, Old Mutual Wealth, and Nedbank. It is listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE) and employs approximately 64,000 people.

About the Old Mutual Actuarial Bursary Programme – Fields Covered

Old Mutual is inviting students to apply for their Actuarial Bursary for the 2026 academic year. The bursary is for students pursuing Actuarial Science at the following universities:

University of Cape Town
Stellenbosch University
University of Pretoria
University of the Witwatersrand
University of the Free State
North-West University
University of Johannesburg
University of KwaZulu-Natal

The programme seeks students who are highly motivated, mathematically gifted, and who enjoy problem-solving.

More About the Old Mutual Actuarial Bursary Programme – Expenses Covered & Other Opportunities

The bursary covers:

Full tuition fees
Study materials
Accommodation in residence
Meals
Return flights home (for out-of-town students)

Support is provided throughout the degree, with added incentives for excellent academic performance.

After graduation, bursary recipients receive:

Guaranteed employment at Old Mutual
Mentorship from qualified actuaries
Participation in an in-house rotation programme for exposure across the business

What an Actuarial Science Career Involves

Actuaries solve financial problems to help people and companies secure their financial futures. Their work involves:

Designing insurance and investment products
Calculating company profits and losses
Projecting future company performance
Developing investment strategies
Advising pension funds and forecasting returns

Eligibility Requirements for the Old Mutual Actuarial Bursary

Applicants must meet the following minimum criteria:

Must be a South African citizen
Must be currently in Matric or have completed Matric
Must intend to study Actuarial Science at one of the listed universities
Minimum 80% in Mathematics (not Maths Literacy)
Minimum 60% in English HL or 70% in English FAL
Minimum 70% in all other subjects
Must be committed to qualifying as an actuary and working at Old Mutual post-graduation
Preference will be given to underrepresented groups, students with disabilities, or those with financial need

How to Apply for the Old Mutual Actuarial Bursary

Apply online at: Old Mutual Actuarial Science Bursary Application 2026
(Reference: JR-68601)

Applicants must first create an account before logging in to apply.

Required documents:

Certified copy of ID
Latest Matric results (if currently in Matric)
Matric certificate (if completed Matric)
University acceptance or conditional acceptance
Full academic transcript (if currently studying)
Bursary Motivation Form (with gamified assessment)
NBT statement (if applicable)
1-page CV

Selection for the Old Mutual Actuarial Bursary Programme

Shortlisted candidates will be contacted by 30 November 2025 to complete psychometric assessments. If no communication is received by that date, consider the application unsuccessful.

Finalists will be invited to an interview and selection day. Provisional offers will be confirmed once final Matric results and university admission for Actuarial Science are verified.