Old Mutual Actuarial Bursary 2024/2025: Unlock Your Potential in Actuarial Science

Are you a South African student with a passion for actuarial science? The Old Mutual Actuarial Bursary 2024/2025 is your gateway to unlocking your potential in this exciting field. This prestigious bursary provides exceptional funding and support to help you pursue your dreams and build a successful career in actuarial science.

With the Old Mutual Actuarial Bursary 2024/2025, you’ll have access to comprehensive coverage for tuition fees, accommodation with meals, travel and book allowances, and incentives for good performance. But it doesn’t stop there. Old Mutual is committed to your success and offers academic and emotional support, networking opportunities, and practical experience through vacation work.

To be eligible for this bursary, you must be a South African citizen studying at one of the following universities: University of Cape Town, University of Stellenbosch, University of the Witwatersrand, or University of Pretoria. You’re also required to have achieved an A in Mathematics (not Maths Literacy) and Bs in all other subjects. Dedication, self-drive, good communication skills, and a passion for overcoming challenges are also qualities that set successful applicants apart.

Old Mutual Actuarial Bursary Application Process

The application process for the Old Mutual Actuarial Bursary 2024/2025 is simple and streamlined. It consists of several steps designed to identify the most suitable candidates for this prestigious bursary.

Step 1: Online Screening Form

The process begins by completing an online screening form, which requires you to provide your personal information, a high-level CV, and your academic results for key subjects. This initial assessment helps determine whether you meet the minimum requirements to proceed to the next stage.

Step 2: Online Gamified Assessments

If your application meets the minimum requirements, you will proceed to the gamified assessments. These online assessments evaluate your skills, aptitude, and problem-solving abilities and help identify your suitability for the bursary.

Step 3: Digital Application Form

Successful completion of the gamified assessments will earn you an email invitation to complete the digital application form. In this stage, you will need to explain why you have chosen the Old Mutual Actuarial Bursary and express your interest in actuarial science or accounting. Be sure to emphasize your passion, dedication, and commitment to pursuing a career in this field.

Step 4: Live Video Interview

The final step in the application process is a live video interview. During this interview, you will be asked about your past experiences and how you have demonstrated specific skills and behaviors. It’s important to showcase your abilities and highlight instances where you have overcome challenges and achieved success.

To prepare for the interview, we recommend the following:

• Research Old Mutual to gain a deeper understanding of the company and its values.
• Review Old Mutual’s social media accounts to stay up-to-date with the latest news and developments.
• Practice responses using the STAR method (Situation, Task, Action, Result) to effectively communicate your past experiences and achievements.
• Present yourself professionally, dress appropriately, and ensure you have a stable internet connection for the video interview.

By following these steps and adequately preparing for the application process, you can increase your chances of being selected for the Old Mutual Actuarial Bursary 2024/2025.

Old Mutual Actuarial Bursary Requirements and Eligibility

To be eligible for the Old Mutual Actuarial Bursary 2024/2025, you must meet specific requirements. First and foremost, you need to be a South African citizen. Additionally, you should have either completed or be currently in Matric. The bursary is open to individuals studying or intending to study towards an Actuarial Science qualification at the University of Cape Town, University of the Witwatersrand, University of Pretoria, or Stellenbosch University.

In terms of academic achievements, you are required to have achieved a minimum A symbol in Matric Mathematics (not Mathematical Literacy) and minimum B symbols in your other Matric subjects. These requirements ensure that candidates have a strong foundation in mathematics and are capable of excelling in the actuarial science field.

Moreover, the Old Mutual Actuarial Bursary is looking for individuals who are dedicated, self-driven, possess good communication skills, and thrive on challenges. These qualities are essential for success in the highly demanding and competitive field of actuarial science.

If you meet all the Old Mutual Actuarial Bursary qualifications and possess the necessary qualities, you have the opportunity to unlock your potential and embark on an exciting journey in actuarial science.

Old Mutual Actuarial Bursary Coverage and Support

The Old Mutual Actuarial Bursary 2024/2025 provides comprehensive coverage and support throughout your academic journey. With this bursary, you can focus on your studies and future career without worrying about the financial burden.

Here is what the Old Mutual Actuarial Bursary covers:

• Tuition fees: The bursary will cover your tuition fees, ensuring that you can pursue your actuarial studies without any financial constraints.
• Accommodation with meals: You will receive support for accommodation, including meal allowances, making sure you have a comfortable living space while studying.
• Travel and book allowances: The bursary includes allowances for travel expenses and books, providing you with the necessary resources to excel in your studies.
• Incentives for good performance: Old Mutual recognizes and rewards academic excellence. As a bursary recipient, you may be eligible for incentives based on your performance.
• Academic and emotional support: In addition to financial assistance, the bursary offers crucial academic and emotional support to help you succeed in your actuarial studies.

Moreover, the Old Mutual Actuarial Bursary provides more than just financial coverage. It offers outstanding networking opportunities, allowing you to connect with professionals in the industry and expand your professional network.

Furthermore, you have the chance to gain practical experience through vacation work opportunities starting from your second year. This practical exposure will enhance your skills and provide valuable insights into the actuarial field.

Old Mutual goes beyond financial assistance by offering guaranteed employment after university. This provides you with the security of a job upon graduation, setting you on a path towards a successful career in actuarial science.

Additionally, you will have the privilege of one-on-one mentoring by experienced qualified actuaries. These mentors will guide you throughout your journey, providing valuable insights and advice.

Lastly, Old Mutual offers an in-house rotation program for professional development. This program allows you to gain experience in different areas of the company, further enhancing your skills and knowledge.

The comprehensive coverage, support, and additional opportunities provided by the Old Mutual Actuarial Bursary ensure that you have the necessary resources and guidance to excel in your actuarial studies and thrive in your future career.

Benefits of the Old Mutual Actuarial Bursary

The Old Mutual Actuarial Bursary offers a range of valuable benefits to its recipients. In addition to financial support, the bursary provides unique opportunities for individuals to work alongside industry leaders and actively contribute to shaping the future of South Africa. With the bursary, you’ll receive not only academic but also emotional support, ensuring your success in your actuarial studies.

Networking plays a vital role in any career, and as an Old Mutual Actuarial Bursary recipient, you’ll have access to excellent networking opportunities that can open doors for your future. Building connections within the industry will enhance your professional growth and broaden your understanding of the field.

The bursary also incorporates practical experience through vacation work, starting from your second year. This hands-on experience will enable you to apply your theoretical knowledge in real-world scenarios, giving you a competitive edge when entering the job market. Furthermore, the bursary offers guaranteed employment after university, setting the stage for a successful career in actuarial science.

As a bursary recipient, you’ll have the privilege of one-on-one mentoring by experienced qualified actuaries at Old Mutual. This personalized guidance will provide invaluable insights, help you navigate challenges, and accelerate your professional development.

Old Mutual Actuarial Bursary Application Deadline and Contact Information

The closing date for the Old Mutual Actuarial Bursary 2024/2025 is 30th June. Applicants are encouraged to submit their applications before the deadline to be considered for this prestigious bursary.

For more information and to inquire about the bursary, applicants can contact Old Mutual directly at 021 504 7285 or via email at iRecruitment@oldmutual.com.

Other Bursary Opportunities and Resources

While the Old Mutual Actuarial Bursary is an excellent opportunity, there are also other bursary opportunities available in South Africa. Students interested in pursuing actuarial studies can explore a range of bursaries offered by different organizations and institutions. It is advisable to research and consider all available options to find the best-suited bursary for your education and aspirations. Here are some other bursaries and resources to consider:

• University-specific bursaries: Many universities in South Africa offer bursaries specifically for actuarial science students. Check with the universities you are interested in to see if they have any available.
• Industry-related bursaries: Various companies and organizations in the finance and insurance sectors provide bursaries for actuarial science students. Research these opportunities and their eligibility criteria.
• Government scholarships and financial aid: The South African government provides scholarships and financial aid programs, such as the National Student Financial Aid Scheme (NSFAS), for students in need of financial assistance. Check if you qualify for these programs.
• Learnerships and internships: Some companies offer learnership and internship programs that provide financial support and on-the-job training for actuarial science students. These programs can be an excellent way to gain practical experience and financial assistance simultaneously.
• Field-specific bursaries: Additionally, there may be bursaries available for students pursuing specific fields within actuarial science, such as insurance or risk management. Research these specialized bursaries to find opportunities aligned with your interests.

By exploring these other bursary opportunities and utilizing available resources, you can maximize your chances of securing financial aid and support for your actuarial studies. Take the time to thoroughly research each option to find the best fit for your educational and career goals.

Conclusion

The Old Mutual Actuarial Bursary 2024/2025 presents a remarkable opportunity for South African students who aspire to excel in the field of actuarial science. This bursary program offers comprehensive coverage, unwavering support, and a strong emphasis on personal and professional growth, setting the stage for a successful future. The application process is straightforward, reflecting the program’s commitment to accessibility and equal opportunity. As an applicant, it is vital to prepare for the interview, leveraging it as a platform to showcase your skills and unbridled passion for actuarial science.

While the Old Mutual Actuarial Bursary is an excellent choice, it is prudent to consider exploring other bursary options to make an informed decision about your education and career. South Africa provides a range of bursaries, scholarships, and financial aid opportunities that can further support your academic journey. By leveraging these resources and conducting diligent research, you can identify the most suitable options that align with your aspirations and long-term goals.

Ultimately, the Old Mutual Actuarial Bursary 2024/2025 not only unlocks financial support but also opens doors to invaluable networking opportunities and practical experience. With guaranteed employment after university, dedicated mentoring, and an in-house rotation program, this bursary equips you with the necessary tools and guidance to thrive in the dynamic field of actuarial science. So seize this exceptional opportunity and take the first step toward a successful and fulfilling career as an actuary.

Source Links

• https://applyscholars.com/old-mutual-actuarial-student-bursary/
• https://www.oldmutual.co.za/careers/bursaries
• https://applysa.co.za/old-mutual-actuarial-bursary/