Bursaries

South African Reserve Bank: 2024 Bursaries in Data Science, Machine Learning and Artificial Intelligence

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SCHOLARSHIP OVERVIEW

Applications are now open for the 2024 South African Reserve Bank Scholarship for Master’s programmes specialising in Data Science and Machine Learning.

Closing date: 31 December 2023

The South African Reserve Bank (SARB) is inviting prospective Master’s degree in Data Science and Machine Learning students to apply for a full scholarship for the 2024 academic year.

ABOUT THE SOUTH AFRICAN RESERVE BANK

The SARB serves the economic well-being of all South Africans through maintaining price stability and financial stability.

It is responsible for the regulation of the South African financial sector, the design and distribution of banknotes and coins, the management of interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.

PURPOSE OF THE SCHOLARSHIP

The SARB, as part of addressing the severe shortage of skills in South Africa. provides scholarships and bursaries to students in relevant fields of study who are from disadvantaged backgrounds.

In support of the corporate social initiatives of the SARB and its External Bursary Scheme, a number of external scholarships and bursaries are made available annually to qualifying prospective postgraduate students.

The SARB, in collaboration with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), hereby invites prospective Master’s degree students to apply for competitive SARB bursaries in the fields of Data Science, Machine Learning and Artificial Intelligence, with specific reference to financial analytics.

REQUIREMENTS TO QUALIFY FOR SCHOLARSHIP

For students to be considered for the scholarship they have to meet the following requirements:

  • provisional acceptance into one of the identified Master’s programmes.
  • modules selected must include financial analytics topics
  • a relevant Honours degree with an average of at least a 65% overall pass mark
  • be a full time student

  • be a South African citizen and
  • be younger than 35 years
  • As part of the acceptance criteria of the scholarship, students might be expected to attend specific workshops as required by the SARB and the NGA(MaSS).
  • A list of institutions and programmes that the scholarship will cover rs provided in the next column

HOW TO APPLY

The closing data for the submission of applications is Thursday, 30 November 2023. Late applications will not be considered.

Examination results, proof of acceptance at a recognised institution (a student number) and any Other supporting documents must be submitted with the application.

Use PROMO code SARB DSM24 Online applications: https://careerwise.co.za/bursaries/online-application/applicant-registration/

Submission of examination results by bursary holders Bursary holders will be required to submit their examination results before Sunday, 31 December 2023, regardless of whether they will be awarded a bursary for the following year or not.

Potential external bursars will be required to avail them-selves for interviews. Successful applicant(s) for the scholarship will be expected to sign an agreement with the SARB.


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