Strong Mathematics learners aiming for an actuarial career can apply for the Old Mutual Actuarial Bursary for the 2027 study year. This is a high-support bursary for students who want to study Actuarial Science at selected South African universities and later build a career in the financial-services sector.
At a glance
Sponsor/host: Old Mutual
Opportunity type: Actuarial Science bursary
Who it’s for: South African students with strong Mathematics results who plan to study Actuarial Science
Location: South Africa
Study field: Actuarial Science
Closing date: 30 May 2026
Last verified: 5 May 2026
High-value notes (read this first)
This bursary includes more than funding. Old Mutual links the bursary to mentorship, vacation work from the second year, in-house professional development exposure, and guaranteed employment after university. It is best suited to students who are serious about actuarial work and willing to follow a structured long-term pathway.
The academic threshold is high: applicants need an A in Mathematics (not Maths Literacy) and Bs for all other matric subjects. The current Old Mutual page lists the 2027 bursary application window as April to 30 May 2026.
About the sponsor
Old Mutual is a major financial services group with operations across Africa. Its early-careers bursary pathways are designed to help develop future professionals in areas such as actuarial science, accounting, investment, insurance, and broader financial services.
Source Link: Old Mutual – Actuarial Bursary
What it covers
- Full tuition
- Accommodation with meals
- General and book allowance
- Travel allowance where applicable
- Incentives for strong performance
- Academic and emotional support
- Networking opportunities
- Vacation work from second year
- Mentoring by an experienced qualified actuary
- In-house rotation programme and employment after university
Participating universities listed
- North-West University
- University of Cape Town
- Stellenbosch University
- University of Pretoria
- University of the Witwatersrand
- University of the Free State
- University of Johannesburg
- University of KwaZulu-Natal
Eligibility
- Must be a South African citizen
- Must have an A in Mathematics (not Maths Literacy)
- Must have Bs for all other matric subjects
- Must study Actuarial Science at one of the listed universities
- Must be committed to an actuarial career pathway with Old Mutual
Documents to prepare
Prepare your CV, matric or latest academic results, identity document, and any additional supporting documents required by the Old Mutual online application platform.
Closing date
30 May 2026.
Common mistakes to avoid
- Applying without an A in Mathematics
- Applying with Maths Literacy
- Applying for a non-listed institution or non-actuarial programme
- Ignoring the long-term development and employment pathway
- Uploading incomplete academic results or CV information
How this opportunity was verified
Verified against Old Mutual’s current actuarial bursary page and Old Mutual’s early-careers application listing for the current application window.
How to apply
- Review the Old Mutual Actuarial Bursary page.
- Prepare your academic results, CV, ID, and supporting documents.
- Complete the online application through Old Mutual’s early-careers platform.
- Submit before the closing date.