The Old Mutual bursary programme is one of the most prestigious funding opportunities for students who want to study actuarial science or related quantitative degrees in South Africa.
The programme is designed to identify mathematically talented students and support them through university.
Actuarial science is one of the most challenging and competitive degrees in the finance sector.
Actuaries use mathematics, statistics, and financial theory to assess risk in insurance, investments, and pension funds.
Old Mutual funds students who show exceptional mathematical ability and strong academic potential.
The bursary covers the full duration of an actuarial science degree and provides professional mentoring and career opportunities.
About the Old Mutual actuarial bursary?
The Old Mutual actuarial bursary is a corporate funding programme designed to develop future actuarial professionals.
The company invests in students who want to qualify as actuaries and work in the financial services industry.
Students who receive the bursary are supported throughout their university studies.
The programme also provides professional mentoring by experienced actuaries.
Bursary recipients gain exposure to the insurance and financial sector while studying.
Many students later continue their careers within Old Mutual after graduation.
What does the Old Mutual bursary cover?
The bursary provides a comprehensive funding package for actuarial science students.
Most study related expenses are covered for the full duration of the degree.
Some bursary benefits include the following.
- Full university tuition fees.
- Accommodation in university residence.
- Study materials and textbooks.
- Meal allowances.
- Travel support if studying away from home.
- Vacation work opportunities during university holidays.
- Professional mentoring by qualified actuaries.
Students may also receive incentives for strong academic performance during their studies.
These benefits help students focus fully on their demanding degree programme.
Who qualifies for the Old Mutual actuarial bursary?
The bursary targets high performing mathematics students who want to pursue actuarial science.
Applicants must meet strict academic requirements.
Typical eligibility requirements include the following.
- You must be a South African citizen.
- You must be currently in Matric or have completed Matric.
- You must intend to study actuarial science at a recognised South African university.
- You must have at least 80 percent in Mathematics.
- You must have at least 60 percent for English Home Language or 70 percent for English First Additional Language.
- You must have at least 70 percent in other school subjects.
Applicants must also show a strong commitment to becoming a qualified actuary.
Many programmes also prioritise students from disadvantaged backgrounds or those with financial need.
Which universities accept Old Mutual actuarial bursary students?
The bursary is usually linked to universities that offer accredited actuarial science programmes.
Students must apply to one of the recognised universities before applying for the bursary.
Common universities include the following.
- University of Cape Town.
- University of the Witwatersrand.
- University of Pretoria.
- Stellenbosch University.
- University of the Free State.
- North West University.
These universities offer specialised actuarial science programmes with strong industry links.
Admission into these programmes is highly competitive due to the strong mathematics requirements.
How do you apply for the Old Mutual bursary online?
Applications are completed online through the Old Mutual careers portal.
Students must complete several steps before submitting their application.
The application process usually includes the following steps.
- Visit the Old Mutual bursary application portal.
- Download and complete the bursary motivation form.
- Prepare a one page curriculum vitae.
- Upload all required documents.
- Submit the online application.
Shortlisted applicants may complete additional psychometric assessments during the selection process.
Final candidates are usually invited to interviews or selection days before funding is awarded.
What documents are required for the Old Mutual bursary application?
Students must submit several supporting documents during the application process.
These documents help verify academic performance and eligibility.
Typical documents include the following.
- Certified copy of your South African ID.
- Grade 10 to Grade 12 school results.
- Matric certificate if available.
- Proof of acceptance or application to a university.
- Full academic transcript if already studying.
- One page curriculum vitae.
- Completed bursary motivation form.
Incomplete applications are usually rejected during the screening process.
Students should ensure that all documents are uploaded before submitting their application.
When do Old Mutual bursary applications close?
The bursary normally opens once each year. The closing date typically falls in the second half of the year.
Recent application cycles have opened in June and closed on 30 September 2025.
Students seeking funding for the 2027 academic year should monitor the official Old Mutual careers portal during 2026.
Applications submitted after the deadline are usually not accepted.
Students interested in actuarial science funding should apply early because the programme is highly competitive.
