If you’re a high-achieving student in South Africa with strong maths skills and an interest in finance, the Old Mutual Actuarial Science Bursary 2026 could be one of the most valuable opportunities available to you. This bursary doesn’t just pay for your studies — it sets you up for a long-term career in one of the most respected and high-paying professions in the world.
In this guide, you’ll learn exactly how the bursary works, what it covers, who qualifies, and how to apply successfully. If you’re serious about becoming an actuary, this is information you can’t afford to miss.
What You Should Know First
The Old Mutual Actuarial Science Bursary 2026 is a full funding programme designed for top-performing students who want to pursue a career in actuarial science.
Here’s the key idea:
- It offers complete financial support for your studies.
- It includes career development and mentorship.
- It provides guaranteed employment after graduation.
- It targets students with excellent academic results, especially in Mathematics.
This is not just a bursary — it’s a structured pathway from university to a professional actuarial career.
Understanding the Old Mutual Actuarial Science Bursary 2026
The Old Mutual Actuarial Science Bursary 2026 is offered by Old Mutual, one of Africa’s leading financial services companies.
What makes this bursary unique?
Many bursaries help you study — but this one goes further by:
- Supporting you during university
- Offering vacation work experience
- Providing mentorship and professional development
- Securing your job after graduation
Why actuarial science?
Actuarial science is a field that combines:
- Mathematics
- Statistics
- Finance
- Risk management
Actuaries help companies make decisions about risk — from insurance to investments. Because of this, they are in high demand globally.
What the Old Mutual Actuarial Science Bursary 2026 Covers
One of the biggest benefits of this programme is its comprehensive funding package.
Financial support includes:
- Tuition fees
- Accommodation (residence)
- Meals
- Study materials
Additional support:
- Return flights home (if studying away from home)
- Extra incentives for top-performing students
Example
If you are accepted into a university far from home, the bursary ensures:
- Your fees are paid
- Your living costs are covered
- You can travel home when needed
This removes financial stress and allows you to focus fully on your studies.
Additional Benefits That Set It Apart
The Old Mutual Actuarial Science Bursary 2026 goes beyond funding.
Career development opportunities:
- Vacation work at Old Mutual
- Networking with professionals
- Real-world exposure to the finance industry
Personal growth:
- Mentorship programmes
- Professional guidance
- Skill development workshops
Guaranteed employment
One of the most powerful features:
- You are guaranteed a job at Old Mutual after graduation
This gives you something rare — career security from day one.
Eligible Universities for Actuarial Studies
To qualify, you must study at an approved university.
Participating institutions include:
- University of Cape Town
- University of Pretoria
- University of the Witwatersrand
- University of Johannesburg
- Stellenbosch University
- North-West University
- University of the Free State
- University of KwaZulu-Natal (note: no longer ASSA accredited)
Important note
You must apply to (or be accepted by) one of these universities for your application to be considered.
Eligibility Criteria: Do You Qualify?
The bursary is highly competitive, so meeting the requirements is essential.
Basic requirements:
- Be a South African citizen
- Be committed to becoming an actuary
- Be willing to work for Old Mutual after graduation
Academic requirements:
- At least 80% in Mathematics
- At least:
- 60% in English Home Language OR
- 70% in English First Additional Language
- At least 70% in all other subjects
Study requirements:
- Be accepted or applying to a listed university
Additional considerations:
- Preference is given to students from disadvantaged backgrounds
- Students with disabilities are encouraged to apply
Step-by-Step: How the Application Process Works
Understanding the process can help you avoid mistakes and improve your chances.
Step 1: Apply online
Click here to apply for Old Mutual Actuarial Science Bursary 2026
Step 2: Complete the motivation form
Explain:
- Why you want to study actuarial science
- Why you deserve the bursary
Step 3: Submit your CV
Keep it:
- Clear
- Short (one page)
- Relevant
Step 4: Gamified assessment
You’ll complete an interactive test designed to assess:
- Problem-solving
- Logical thinking
Step 5: Psychometric assessments
If shortlisted, you’ll complete more advanced evaluations.
Step 6: Virtual interview
Final candidates are invited for an online interview.
Tip
Treat every stage seriously — each one is designed to assess your potential as a future actuary.
Required Documents for Application
Make sure everything is prepared before applying.
Documents needed:
- One-page CV
- Completed motivation form
- Grade 10–12 reports
- Matric certificate (if available)
- University acceptance letter (if available)
- Academic transcript (if currently studying)
- Certified copy of ID
Important reminder
Incomplete applications are automatically disqualified.
See also: TFG YES Intern Programme 2026: A Real Stable Opportunity for Future Retail Planners in South Africa
See also: SANParks Internships 2026: Complete Guide for South African Graduates
Why You Should Apply for the Old Mutual Actuarial Science Bursary 2026
This bursary is one of the most valuable in South Africa.
Key benefits:
- Full financial support
- Career security after graduation
- Industry exposure and experience
- Mentorship and development
Real-world advantage
Most graduates struggle with:
- Student debt
- Job hunting
This programme eliminates both.
Common Misunderstandings About Old Mutual Actuarial Science Bursary 2026
“It’s just about good marks”
Not entirely. While marks are critical, your:
- Motivation
- Problem-solving ability
- Interview performance
also matter.
“Actuarial science is just advanced maths”
It involves maths, but also:
- Finance
- Risk analysis
- Business decision-making
“Guaranteed employment means no pressure”
You still need to perform well academically and professionally.
“I can apply without strong maths marks”
No — Mathematics performance is the most important requirement.
Key Takeaways
- The Old Mutual Actuarial Science Bursary 2026 is a full funding programme.
- It supports students academically, financially, and professionally.
- It includes guaranteed employment after graduation.
- Strong Mathematics results (80%+) are essential.
- The application process includes assessments and interviews.
- Early preparation improves your chances significantly.
Frequently Asked Questions (FAQs)
1. What is the application deadline?
The closing date is 30 May 2026.
2. Do I need to be accepted at a university first?
You can apply while waiting for acceptance, but proof of application is required.
3. Is there guaranteed employment?
Yes — successful bursary recipients are guaranteed a position at Old Mutual after graduation.
4. What happens if I don’t get feedback?
If you don’t hear back by 31 July 2026, consider your application unsuccessful.
Final Summary
The Old Mutual Actuarial Science Bursary 2026 is more than financial aid — it’s a complete career pathway for students with exceptional mathematical ability and ambition. With full funding, mentorship, and guaranteed employment, it removes the biggest barriers to success and replaces them with structured support.
If you meet the requirements and are serious about becoming an actuary, this bursary could shape your entire future. The key is to prepare early, apply carefully, and perform strongly at every stage of the selection process.
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