Applications are still open for the Old Mutual External Bursary Programme 2023 which seeks to benefit young South African learners.

Closing date: 31 July 2023

Old Mutual believes in Africa and enabling everyone in it to do great things every day. We understand that well-trained, qualified professionals contribute significantly to the success of Old Mutual and South Africa.

That’s why we offer bursaries to the best young minds, to people who are passionate about pursuing a career that makes a real difference!

The Old Mutual Bursary Programme offers the opportunity to write Africa’s story with a real African success story.

Founded in 1845 in Cape Town with no capital, Old Mutual is today a premier pan-African financial services group operating in 14 countries and rooted in the purpose of Championing Mutually Positive Futures Every Day.

What the bursary programme offers

Exceptional SA-based learners pursuing studies in Actuarial Science or Accounting Science (Chartered Accounting Stream) are invited to apply for the Old Mutual Bursary Programme.

The bursary programme comes with comprehensive support during university to the day you qualify and beyond into a meaningful career at Old Mutual.

It also offers opportunities for personal development, vacation work, networking, and guaranteed employment post-graduation.

What the bursary covers

The bursary covers tuition, study materials, meals, accommodation in residence and return flights home (if studying outside of your hometown).

You will receive financial support for the full duration of your degree and students who achieve excellent grades will receive more incentives.

Eligibility Criteria

To be eligible to apply you must meet the following requirements:

General:

• You must be a South African citizen
• You must have completed Matric or currently be in Matric
• You must not have a post-Matric qualification
• You must be under the age of 21

For Actuarial Science:

• At least 80% in Mathematics (not Maths Literacy)
• At least 60% for English HL or 70% for English FAL
• At least 70% for all your other subjects.

• Must be studying/have applied at either:
  • North-West University
  • Stellenbosch University
  • University of Cape Town
  • University of Pretoria
  • University of the Free-State
  • University of the Witwatersrand
• You must be committed to qualifying as an actuary and work for the company after graduation.

For Chartered Accounting:

• At least 70% in Mathematics (not Maths Literacy)
• At least 60% for English HL or 70% for English FAL
• At least 70% for all your other subjects.

• Must be studying/have applied at either:
  • Nelson Mandela University
  • North-West University
  • Rhodes University
  • Stellenbosch University
  • University of Cape Town
  • University of Fort Hare
  • University of Johannesburg
  • University of Kwa-Zulu Natal
  • University of Pretoria
  • University of South Africa
  • University of the Free State
  • University of the Western Cape
  • University of the Witwatersrand
• You must be committed to enter the Old Mutual CA Training Programme and work for the company after graduation.

Skills Required

• Strong Mathematical skills
• Initiative
• Result and Goal Orientation

• Readiness to Learn
• Strong analytical and problem-solving skills
• Business interest and awareness
• Self-motivation and commitment

• Good communication skills (both written and spoken) 
• Organisational and time-management skills
• Leadership qualities
• Integrity and trustworthiness

• Good interpersonal skills and a logical, creative mind
• Good judgement and decision-making skills

The Application Process

• Download and complete the bursary motivation form then complete the online application which includes a gamified assessment (it is not timed). You will be required to attach a one-page CV.

• Shortlisted candidates will be sent a link to complete psychometric assessments.
• Finalists will be invited to a selection day where we will conduct interviews.

• Should you be selected after the interview you will receive a provisional offer which will be confirmed once we receive your final matric results and proof of acceptance at University for an Actuarial Science or Accounting Science programme.

Required Documentation (to be included in the application)

• One pager CV (click for advice)
• Bursary Motivation Form (click, download and complete the form)
• School Reports for Grade 10 – 12

• Matric Certificate (if applicable)
• 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

Important Notes

• Parental/guardian consent is required if you are under 18.
• Preference will be given to candidates from under-represented designated groups, including candidates with disabilities.

• Preference will be given to previously disadvantaged background or demonstrate financial need.
• Incomplete applications will not be considered.

Applications close 31 July 2023 (23:59)

If you have any queries, contact the Old Mutual Early Careers team by emailing [email protected]