Milliman Scholarships 2024: Offering X10 to X25 Awards

About Milliman
Milliman’s presence in South Africa underscores its commitment to fostering talent and supporting education within the region. Through initiatives such as the Milliman Scholarships, the company actively engages with the local community to empower deserving individuals in pursuing their academic aspirations. These scholarships, tailored specifically for South African students, offer financial assistance to undergraduate students from diverse backgrounds, providing them with opportunities to access quality education and realize their full potential. By investing in the educational endeavors of South African youth, Milliman contributes to the development of skilled professionals who can drive innovation and progress within the country’s dynamic landscape.

Moreover, Milliman South Africa’s involvement extends beyond scholarships, as the company actively collaborates with educational institutions, industry partners, and government bodies to promote excellence in actuarial science, finance, and related fields. Through knowledge-sharing initiatives, mentorship programs, and industry events, Milliman plays a pivotal role in nurturing talent and fostering a culture of continuous learning within the South African actuarial community. By fostering collaboration and knowledge exchange, Milliman South Africa contributes to the growth and sustainability of the actuarial profession while also empowering individuals to make meaningful contributions to the broader socio-economic landscape of the country.

About the Milliman Scholarships 2024
Milliman is seeking for candidates who would like to receive financial assitance to aid their study journeys through their beneficial and generous scholarship programme. The Milliman Scholarships offer between X10 to X25 awards, each totaling no less than US$ 5,000. These awards are non-renewable, but students can reapply annually if they continue to meet eligibility criteria. The scholarships are exclusively for undergraduate studies.

Scholarship America will evaluate applicants based on their academic performance and responses to three essay questions. Finalists will be selected from this pool by the Sponsor (Milliman Inc.).

Recipient selection by the Sponsor may take into account factors such as demonstrated leadership, involvement in school and community activities, work experience, and financial need as outlined in the application. Preference may be given to past recipients, and qualified applicants from the previous year may be considered for the current year’s program.

Scholarship payments are facilitated by Scholarship America on behalf of Milliman. Payments are typically made directly to the recipient’s school in August. For recipients outside the United States and Canada, funds will be transferred via wire transfer. It’s essential that both recipients and their educational institutions are eligible to receive funds from the United States according to the Office of Foreign Assets Control, United States Department of the Treasury.

Please note that not all applicants will be selected for the scholarship program. All applicants agree to abide by the final decision made by the selection committee.

Eligibility Criteria
Begin by acquainting yourself with the eligibility criteria for the Milliman Scholarships. These standards play a crucial role in determining your suitability as a candidate. For reassurance regarding your qualifications, consult the comprehensive list of prerequisites provided below. Striving to fulfill all the requirements listed will significantly bolster your chances of success.

The Milliman Scholarships Eligibility Criteria are as follows:

Belonging to an eligible ethnic minority group, as defined by Milliman, entails the following:

  • United States and Canada: Candidates must have at least one birth parent affiliated with African descent, Latino/Hispanic, Native North American, or Pacific Islander communities.
  • UK and Ireland: Candidates must have at least one birth parent from Black African, Black Caribbean, Irish Traveller, or Gypsy backgrounds.
  • South Africa: Candidates must have at least one birth parent who identifies as Black or Coloured.
  • Australia: Candidates must have at least one birth parent affiliated with Aboriginal or Torres Strait Islander heritage.

Additionally, candidates must meet the following criteria:

  • Reside in and attend a university in the United States, Canada, Ireland, United Kingdom, South Africa, or Australia.
  • Demonstrate high academic achievement.
  • Be either a high school senior or a current postsecondary undergraduate. For international students, this typically includes being in the final year of upper or higher secondary school or currently enrolled in technical or university-level programs.
  • Intend to pursue full-time undergraduate studies at an accredited or recognized college or university. For applicants in the United States, Canada, Ireland, or the United Kingdom, this pertains to the entire 2024-2025 academic year, while for South Africa or Australia, it covers the entire 2025 academic year.
  • Major or intend to major in one of the specified fields of study:
    • Statistics
    • Actuarial science
    • Data analytics
    • Programming
    • Mathematics
    • Data science
    • Economics
    • Computer science
    • Finance

Application Instructions
Apply online: Milliman Scholarships 2024.

For seamless access to the provided web address (refer to above), it’s advisable to utilize Google Chrome as your web browser.

Alternatively, if you prefer the convenience of applying via mobile, consider using your smartphone. Specifically, for Android devices, Google Chrome comes pre-installed, eliminating the need for additional browser installations.

To initiate the application process, candidates must create an account on the designated application portal. This account will serve as a central hub throughout the registration process, requiring login credentials for continued access.

As a component of your application submission, it is imperative to include an up-to-date and thorough transcript of your academic records. Please note that mere grade reports will not suffice. The transcript should prominently feature your name, the name of your educational institution, detailed grades, and credit hours for every course undertaken, alongside the corresponding terms.

By submitting your application, you are authorizing the selection committee to utilize your personal information for event registration purposes.

All applications will undergo thorough scrutiny and verification procedures to ensure their authenticity. Individuals found to be misrepresenting any aspect of their applications will be ineligible for participation during the registration period.

Candidates are mandated to submit their applications solely through the provided website link. Submissions via alternative methods, such as hand delivery or fax, will be rejected by the selection committee.

Your application remains incomplete until all necessary materials are electronically submitted.

Closing Date
Applications for the Milliman Scholarships must be submitted before the closing date on 30 April 2024.

To ensure the earliest possible protection of your application, it’s advisable to register promptly. However, note that this action doesn’t ensure immediate success; rather, it’s intended to secure your position steadily throughout the recruitment process.

The selection committee will not entertain incomplete applications, and submissions received after the deadline will be disregarded. Regardless of the quality of late submissions, they will be dismissed without further review.

Milliman reserves the unrestricted right to extend or decline employment offers at its discretion. The determinations made by the selection committee are conclusive and obligatory for all involved parties.

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