Introduction to Old Mutual Actuarial Science Bursaries 2026
The Old Mutual Actuarial Science Bursaries 2026 represent one of South Africa’s most prestigious and competitive funding opportunities for students pursuing careers in actuarial science. Offered by Old Mutual, a leading financial services group with a strong presence across Africa, this bursary programme is designed to identify, develop, and support talented individuals who show strong potential in mathematics, statistics, and analytical thinking.
Actuarial science is one of the most in-demand professions in the financial sector, playing a critical role in risk management, insurance, investments, and financial planning. However, the cost of studying this demanding degree can be high. That is where Old Mutual steps in—providing full financial support, academic mentorship, and career development opportunities for selected students.
Related Opportunities 2026
- Funding Bursaries
- Youth Opportunities
- Internship Programme
- Learnership Programme
- Online Courses
- Government Education Updates
What is the Old Mutual Actuarial Science Bursary Programme?
The Old Mutual Actuarial Science Bursary Programme is a fully funded initiative aimed at supporting academically strong students who want to pursue actuarial science or related fields such as:
- Actuarial Science
- Mathematics
- Statistics
- Data Science
- Financial Mathematics
The programme is not just financial support—it is a structured development pathway that includes mentorship, vacation work exposure, and potential employment opportunities within Old Mutual after graduation.
Old Mutual invests in students who demonstrate:
- Strong academic performance (especially in mathematics)
- Leadership potential
- Problem-solving ability
- Passion for financial services and risk management
Why Choose Actuarial Science?
Actuarial science is one of the most respected and well-paid careers globally. Actuaries use mathematics, statistics, and financial theory to assess risk and uncertainty.
Key Career Opportunities
Graduates can work in:
- Insurance companies
- Investment firms
- Pension funds
- Banks
- Government agencies
- Consulting firms
Why It Is High Value
- High earning potential
- Global job opportunities
- Strong job stability
- Critical role in financial decision-making
Old Mutual recognizes this demand and continues to invest heavily in developing future actuarial professionals.
Benefits of Old Mutual Actuarial Science Bursaries 2026
Selected students receive a fully funded package, which includes:
1. Full Tuition Coverage
All university tuition fees are covered, removing financial pressure from students and families.
2. Accommodation and Living Allowance
Students receive support for:
- University residence or private accommodation
- Meals and daily living expenses
3. Study Materials
Includes textbooks, calculators, and other required academic resources.
4. Mentorship Programme
Students are paired with experienced professionals from Old Mutual who guide them academically and professionally.
5. Vacation Work Opportunities
Bursary holders gain real-world experience during university breaks.
6. Employment Opportunities
High-performing students may be offered employment opportunities after graduation.
Eligibility Requirements for 2026 Applications
To qualify for the Old Mutual Actuarial Science Bursary 2026, applicants must meet specific criteria.
Academic Requirements
- Must be a South African citizen
- Must have completed or be completing Matric
- Must achieve high marks in Mathematics (typically 70% or higher)
- Strong performance in English is recommended
Study Requirements
Applicants must intend to study or already be studying:
- Actuarial Science
- Mathematics
- Statistics
- Related quantitative degrees
Personal Attributes
Old Mutual looks for students who are:
- Motivated and disciplined
- Strong analytical thinkers
- Passionate about finance and risk management
- Willing to commit to a demanding academic journey
How to Apply for Old Mutual Actuarial Science Bursaries 2026
The application process is simple but highly competitive.
Step 1: Online Application
Visit the official Old Mutual careers page: https://www.oldmutual.co.za/careers/
Step 2: Create Profile
Register and create an applicant profile.
Step 3: Upload Documents
You will need:
- Certified ID copy
- Matric results or latest academic transcript
- Proof of university acceptance (if available)
- CV (optional but recommended)
Step 4: Complete Application Form
Fill in personal, academic, and financial details.
Step 5: Submit Before Deadline
Late applications are not accepted, so early submission is important.
Selection Process
The selection process is highly competitive and involves multiple stages:
- Application screening
- Academic performance review
- Psychometric testing
- Interviews (if shortlisted)
- Final selection and offer letters
Only the most promising candidates are selected each year.
Important Tips to Improve Your Chances
To increase your chances of being selected:
1. Excel in Mathematics
Your mathematics marks are the most important factor.
2. Show Leadership Skills
Participation in school leadership, sports, or community work helps.
3. Write a Strong Motivation Letter
Explain clearly:
- Why you want to become an actuary
- Your academic strengths
- Your long-term goals
4. Apply Early
Early applications show seriousness and preparedness.
Why This Bursary is Highly Competitive
The Old Mutual Actuarial Science Bursary is considered one of the most competitive in South Africa because:
- Limited number of spaces available
- High academic requirements
- Strong demand for actuarial careers
- Full financial coverage attracts many applicants
Only top-performing students are selected each year.
Conclusion
The Old Mutual Actuarial Science Bursaries 2026 offer a life-changing opportunity for students who aspire to build careers in actuarial science and financial services. With full financial support, mentorship, and career opportunities, this programme removes barriers that often prevent talented students from reaching their full potential.
If you are passionate about mathematics, problem-solving, and finance, this bursary could be the stepping stone to a successful and globally recognized career.
