Key Facts
- Status
- Check Provider for Dates
- Provider
- Field of Study
- Study Level
- Academic Year
-
2027
Eligibility Requirements
- South African citizen
- An A symbol for Mathematics (not Mathematics Literacy) in matric
- B symbols for all other matric subjects
- Committed to studying full-time for a BSc/BCom Actuarial Science degree at one of the listed universities
- Willing to work for Old Mutual after completing the degree
Documents Needed
- Certified copy of South African ID
- Certified matric certificate or most recent academic transcript
- Proof of registration or acceptance at an eligible university (if applicable)
- Completed online application and assessments as required by Old Mutual's selection process
About Old Mutual Actuarial Bursary
Old Mutual runs an in-house Actuarial Science bursary as part of its Early Careers programme, aimed at academically strong South African students who want to build a career in actuarial science within the financial-services sector. It is funded for full-time study at a defined list of South African universities offering an accredited actuarial science programme.
Eligible universities include the University of Cape Town, Stellenbosch University, University of Pretoria, University of the Witwatersrand, University of the Free State, North-West University, University of Johannesburg and the University of KwaZulu-Natal.
Recipients receive support for the full duration of their degree, together with mentorship, vacation work from second year, in-house professional development exposure, and guaranteed employment with Old Mutual after graduating. This is a separate bursary stream from Old Mutual's Accounting Bursary (see the Old Mutual Accounting Bursary listing), with its own academic thresholds and career track.
Funding Details
- Tuition fees
- Study materials
- Meals
- Accommodation in university residence
- Return flights home for students studying outside their home town
- Increasing incentives for excellent academic performance
- Mentorship and vacation work from second year of study
- Guaranteed employment with Old Mutual after graduation
Where You Can Study
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 — accredited Actuarial Science programmes only.
About Old Mutual
Old Mutual is one of South Africa's largest financial services groups, offering life assurance, savings and investment, banking, and lending products across South Africa and the rest of Africa. The group is listed on the…
View full provider profile →Fields of Study & Who Can Apply
South African citizens in Grade 12 (or already registered for a BSc/BCom Actuarial Science degree) who want to pursue a career in actuarial science and are willing to commit to working for Old Mutual after graduating.
Application Procedure
Apply directly with the provider using the official application link below, before the closing date.
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Frequently Asked Questions
Which universities does the Old Mutual Actuarial Bursary cover?
UCT, Stellenbosch, Pretoria, Wits, University of the Free State, North-West University, University of Johannesburg and University of KwaZulu-Natal.
What matric results do I need?
An A for Mathematics (not Mathematics Literacy) and B symbols for all other subjects.
Does the bursary cover accommodation and meals?
Yes — tuition, study materials, meals, residence accommodation and return flights home (where applicable) are covered.
Is there a work-back obligation?
Yes. Bursars are expected to work for Old Mutual after graduating, and receive guaranteed employment as part of the programme.
When do applications for the next intake open?
The 2027 cycle closed on 30 May 2026. Old Mutual typically reopens Actuarial Bursary applications earlier in the following year — check the official Old Mutual careers page for exact dates.
