Old Mutual was founded in 1845 in Cape Town, becoming the first mutual life assurance society in South Africa. The company's objective is to assist its customers in thriving by aiding them in reaching their lifetime financial objectives while investing their funds in ways that foster a beneficial future for them, their families, their communities, and the broader society.
This enables Old Mutual to make significant contributions to enhancing the lives of its customers and communities while also ensuring a sustainable future for its business.
Currently, Old Mutual has more than 30,000 employees and operates in 14 countries across two regions: Africa (including Botswana, eSwatini, Ghana, Kenya, Malawi, Namibia, Nigeria, Rwanda, South Africa, South Sudan, Tanzania, Uganda, and Zimbabwe) and Asia (specifically China).
Bursary description
If you consider yourself dedicated and driven or excel in mathematics, and are up for a challenge, then you may be a good fit for the Old Mutual Actuarial bursary. Upon completion of your degree, you will have the opportunity to gain valuable work experience at Old Mutual and will be guaranteed employment.
In addition to this, successful applicants will receive a range of benefits, including full tuition, accommodation with meals, and general and book allowances. You will also be given a travel allowance (where applicable) and incentives for good performance, academic and emotional support, networking opportunities, and vacation work from your second year.
As an actuary, you will play an important role in shaping South Africa's future, and with the Old Mutual Actuarial bursary, you will have the opportunity to work with industry leaders and gain exposure to professionals across all areas through an in-house rotation programme. You will also receive one-on-one mentoring by an experienced qualified actuary. For more information, visit the bursary website.
Requirements and eligibility
Who qualifies for the Old Mutual Actuarial Bursary:
South African citizens
Students who received an A in Maths (not Maths literacy) and Bs for all your other subjects in matric
If you're shortlisted, you'll receive a link to complete psychometric assessments. If you're selected as a finalist, you'll be invited to a selection day for interviews.
You will receive a provisional offer if you're selected after the interview, which will be confirmed after we receive your final matric results and proof of acceptance at University for an Actuarial Science or Accounting Science programme.
Here's the required documentation you need to include in your application:
University acceptance/conditional acceptance letter (if applicable)
NBT Statement (if applicable)
Full Academic Transcript (applicable to current University students only)
ID Copy
Head and Shoulders Photo
Note that parental/guardian consent is required if you're under 18. We give preference to candidates from under-represented designated groups, including candidates with disabilities, as well as those from previously disadvantaged backgrounds or who demonstrate financial need. Incomplete applications will not be considered.
