Old Mutual Actuarial Bursary South Africa 2023 – 2024

ABOUT THE COMPANY – OLD MUTUAL

Old Mutual Actuarial Bursary South Africa | Old Mutual was founded in 1845 in Cape Town, South Africa, as the country’s first mutual life insurance provider. Today, the company offers banking; savings; investment; asset management; life assurance; property and personal insurance to its almost 19 million customers across Africa, North and South America, Europe and Asia.

The company has 4 businesses, including Old Mutual Emerging Markets (OMEM); Old Mutual Asset Management (OMAM); Old Mutual Wealth (OMW) and Nedbank. Old Mutual is listed on the Johannesburg Stock Exchange (JSE), as well as the London Stock Exchange (LSE) among others and boasts a workforce of around 64,000 employees.

ABOUT THE BURSARY PROGRAMME – FIELDS COVERED, COVERAGE VALUE | OTHER OPPORTUNITIES

Old Mutual is inviting students to apply for their Actuarial Bursary programme, for the 2023 academic year.

The bursary will be awarded for studies towards an Actuarial Science qualification, at any of these selected institutions: the University of Cape Town, University of Stellenbosch, University of Pretoria, University of the Witwatersrand, University of Free State, and North-West University.

Old Mutual is looking for dedicated and self-driven students who love a good challenge or are a “maths whiz”, to join their bursary programme.

MORE ABOUT THE OLD MUTUAL ACTUARIAL BURSARY PROGRAMME – EXPENSES COVERED | OTHER OPPORTUNITIES

Zabusaries.com is committed to keeping you up to date with the latest bursary opportunities, and this article covers all details about the Old Mutual Actuarial Bursary.

The Old Mutual bursary will provide cover for the following expenses: tuition fees, book allowance, general allowance, accommodation, meals, travel allowance (where applicable), academic support, emotional support and networking opportunities.

Students will also have the chance to partake in vacation work, during the holidays, from the second year of study.

After graduation, bursary recipients will receive the following benefits: guaranteed employment, mentoring by a qualified and experienced actuary, in-house rotation programme to gain exposure to professional development across all areas.

WHAT AN ACTUARIAL SCIENCE CAREER INVOLVES

An Actuary solves financial problems which allow individuals and companies to safeguard their financial future. An Actuary is involved with the following areas of work:

Designing insurance and investment products for companies
Calculate profit and loss for companies
Projecting a company’s future profits
Setting up investment strategies and monitoring a company’s performances
Providing pension funds with investment advice and forecasting potential return on investment

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ELIGIBILITY REQUIREMENTS FOR THE OLD MUTUAL ACTUARIAL BURSARY

Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

You must be a South African citizen
You must be under 21 years old
You must have completed Matric or be currently in Matric
You must be studying or intend on studying towards an undergraduate Actuarial Science qualification
You must be studying or intend on studying at one of the following tertiary institutes: the University of Cape Town, University of Stellenbosch, University of Pretoria, University of the Witwatersrand, University of Free State, North-West University
You must have achieved an “A” symbol for Mathematics in Matric (not Mathematical Literacy)
You must have achieved a minimum “B” symbol for all other subjects in Matric
You must have good communication skills (written and spoken)
You must have good organisational skills
You must have good time management skills
You must have strong mathematical skills
You must have business interest and awareness
You must be committed and self-motivated
You must take initiative
You must have strong analytical and problem-solving skills
You must have strong leadership qualities
You must have integrity
You must be trustworthy
You must have good interpersonal skills
You must be a logical thinker
You must have a creative mind
You must have good judgement and decision-making skills

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HOW TO APPLY FOR THE OLD MUTUAL ACTUARIAL BURSARY

Applications must be submitted online at; Old Mutual Actuarial Science Bursary Application 2023
(Reference: JR-26308)
You may be required to submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):

ID document (certified copy)
Grade 11 final results and Matric’s latest results, if currently in Matric (certified copy)
Matric certificate, if completed Matric (certified copy)
Full academic record/ transcripts, if currently studying (certified copy)

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OLD MUTUAL BURSARY APPLICATION AND SELECTION PROCESS

Step 1: Complete the online application form by filling in personal information and academic results.
Step 2: after completing step 1, students will be required to complete online gamified assessments and a psychometric assessment.
Step 3: after completing step 2, students will receive an email to complete the digital application form – this form will ask students to explain why they would like to apply for the Old Mutual Bursary and why they are interested in a career in Actuarial Science.
Step 4: after completing step 3, students will be invited to an online interview – the interview will assess students’ true interest in Actuarial Science and give the team a chance to get to know you better.

CLOSING DATE FOR THE OLD MUTUAL ACTUARIAL BURSARY

31 August 2023.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)

CONTACT THE BURSARY PROVIDER

For any queries related to this bursary programme, please contact Old Mutual directly:
Tel: 021 504 7285 / 021 509 2656
Email: support@hazie.co.za (for technical issues when applying

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NSFAS, or National Student Financial Aid Scheme, was established according to the National Student Financial Aid Scheme Act of 1999 and incorporated the Tertiary Education Fund of South Africa (TEFSA), which stopped operating in 2000.