Old Mutual Bursary 2024: Financial Assistance for Acturial Science/Chartered Accounting Students

About Old Mutual
Old Mutual South Africa is a leading financial services provider that has been operating for over 175 years. It is part of the Old Mutual Group, a multinational company with a strong presence in Africa, the United Kingdom, and other international markets. Old Mutual South Africa offers a wide range of financial products and services, including insurance, investments, savings, retirement planning, and banking solutions.

The company has a rich history and a strong reputation built on trust and integrity. It has played a significant role in the development of South Africa’s financial industry, contributing to the growth and prosperity of individuals, businesses, and communities. Old Mutual is committed to helping its customers achieve their financial goals and providing them with the necessary tools and resources to make informed financial decisions.

About the Old Mutual Bursary 2024
Old Mutual is offering financial assistance for candidates pursuing the fields of Actuarial Science or Accounting Science (Chartered Accounting Stream). The Old Mutual Bursary provides extensive support throughout your university journey, even beyond your graduation, as it paves the way for a meaningful career at Old Mutual. Alongside financial assistance, this bursary opens doors to various opportunities for personal growth, such as vacation work, networking, and guaranteed employment upon completing your studies.

The bursary provided encompasses various essential expenses, including tuition fees, study materials, meals, accommodation in university residence, and even return flights home if you are pursuing your studies away from your hometown. Throughout the entirety of your degree program, you can rely on continuous financial support from the bursary. Additionally, students who excel academically and achieve outstanding grades will be rewarded with additional incentives and benefits.

Eligibility Criteria
Start by thoroughly understanding the eligibility requirements for the Old Mutual Bursary. These criteria will play a significant role in determining your suitability as a candidate. To verify your qualifications, please refer to the provided list of qualifying prerequisites. It is recommended that you aim to meet all the requirements on the list in order to maximize your chances of success.

The Old Mutual Bursary Eligibility Criteria are as follows:
1. General Requirements

  • Ensure that you hold South African citizenship
  • Successfully complete Matric or be currently pursuing Matric
  • Avoid possessing any post-Matric qualifications
  • Ensure that your age does not exceed 21 years.

2. Specific Requirements (Acturial Science)

  • Achieve a minimum of 80% in Mathematics (not Maths Literacy).
  • Attain at least 60% in English HL or 70% in English FAL.
  • Obtain a minimum of 70% in all other subjects.
  • Enroll or have applied to one of the following universities:
    • Stellenbosch University
    • University of Pretoria
    • University of the Witwatersrand
    • University of Cape Town
    • University of the Free-State
    • North-West University
  • Demonstrate a strong commitment to becoming an actuary and working for the company after graduation.

3. Specific Requirements (Chartered Accounting)

  • Achieve a minimum of 70% in Mathematics (not Maths Literacy)
  • Attain at least 60% in English HL or 70% in English FAL
  • Obtain a minimum of 70% in all your other subjects
  • Ensure that you are studying or have applied to one of the following universities:
    • Nelson Mandela University
    • University of Cape Town
    • North-West University
    • University of South Africa
    • Rhodes University
    • University of the Free State
    • Stellenbosch University
    • University of the Western Cape
    • University of Johannesburg
    • University of the Witwatersrand
    • University of Pretoria
    • University of Kwa-Zulu Natal
    • University of Fort Hare
  • Demonstrate your commitment to entering the Old Mutual CA Training Programme and working for the company after graduation.

4. Necessary Attributes

  • Demonstrate strong Mathematical skills
  • Take initiative in your actions
  • Maintain a focus on results and goals
  • Show readiness and eagerness to learn
  • Utilize strong analytical and problem-solving skills
  • Display interest and awareness in the business world
  • Motivate yourself and commit fully
  • Communicate effectively, both in written and spoken form
  • Exhibit organizational and time-management skills
  • Showcase leadership qualities
  • Uphold integrity and trustworthiness
  • Possess good interpersonal skills and a logical, creative mind
  • Exercise good judgment and decision-making skills.

Important Notes:

  • If you are under 18, ensure that you obtain parental/guardian consent
  • Candidates from under-represented designated groups, including candidates with disabilities, will receive preference
  • Preference will be given to individuals from previously disadvantaged backgrounds or those who demonstrate financial need
  • Ensure that your application is complete, as incomplete submissions will not be considered.

Application Instructions
Apply online: Old Mutual Bursary 2024.

To visit the aforementioned website, it is advised that you use Google Chrome as your web browser (see above).

Candidates will need to follow the steps below:

  • Begin the application process by downloading and filling out the bursary motivation form
  • Afterwards, complete the online application, which includes a gamified assessment (not timed) Remember to attach a one-page CV
  • If you are shortlisted, you will receive a link to complete psychometric assessments
  • Finalists will be invited to attend a selection day, during which interviews will be conducted
  • Upon successful selection following the interview, you will receive a provisional offer. This offer will be confirmed upon submission of your final matric results and proof of acceptance into an Actuarial Science or Accounting Science program at a university.

Additionally, you will be asked to provide the documents beolow:

  • School Reports for Grade 10 – 12
  • NBT Statement (if applicable)
  • Head and Shoulders Photo
  • University acceptance/conditional acceptance letter (if applicable)
  • One pager CV
  • Full Academic Transcript (applicable to current University students only)
  • Bursary Motivation Form
  • ID Copy
  • Matric Certificate (if applicable)

Application materials will go through additional inspection and verification steps to make sure they are legitimate. Anyone found to have falsified any information in their applications will not be permitted to take part in the registration period.

You could or will be subject to automated screening questions. You will be asked to take online examinations if you match their requirements. A further selection of candidates will be contacted for an interview with the line manager based on the assessment findings.

Applicants must use the website mentioned above to submit their applications. The selection committee will reject attempts to submit papers using other channels, like personal delivery or fax.

Closing Date
Applications for the Old Mutual Bursary must be submitted before the closing date on 31 July 2023 at 23:59.

By enrolling as quickly as possible, you can make sure that your application is secured as soon as possible. This is just intended to provide you with a steady job during the hiring process and does not guarantee rapid success.

Applications submitted by applicants after the deadline will not be reviewed by the selection committee. All entries received after the deadline, regardless of their content, will be immediately disregarded.

Only those who have been shortlisted will get announcements. We regret to notify you that you have not been selected for the program if you do not hear from the selection committee by March at the latest.

Old Mutual has exclusive right to make any appointments throughout the recruitment period. The decisions made by the selection committee are conclusive in every way.

Committee Details
Do you have a question regarding the Old Mutual Bursary? Don’t hesitate to ask! Feel free to send in your enquiries and concerns to the contact person below:
Email address: [email protected]

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