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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Old Mutual Actuarial Bursary Programme

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.

Our purpose is to help our customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society. In this way, we significantly contribute to improving the lives of our customers and their communities while ensuring a sustainable future for our business.

What the bursary covers

The bursary covers tuition, study materials, meals, accommodation in residence and return flights home (if studying outside of your hometown). You will receive financial support for the full duration of your degree and students who achieve excellent grades will receive more incentives.

Eligibility Criteria

To be eligible to apply you must meet the following requirements:

General:

• You must be a South African citizen
• You must have at least 80% in Mathematics, 60% for English HL or 70% for English FAL, 70% for all your other subjects
• You must have applied/ be studying at either:

• North-West University
• Stellenbosch University
• University of Cape Town
• University of Pretoria
• University of the Free-State
• University of the Witwatersrand
• University of Johannesburg

You must be committed to qualifying as an actuary and work for the company after graduation.

The Application Process

• Applications must be submitted online at: www.oldmutual.co.za/careers/actuarial-bursary
• Download and complete the bursary motivation form then complete the online application which includes a gamified assessment (it is not timed). You will be required to attach a one-page CV.
• Shortlisted candidates will be sent a link to complete psychometric assessments. Top 30 finalist
• Finalists will be invited to a virtual interview
• Should you be selected after the interview you will receive a provisional offer which will be confirmed once we receive your final matric results and proof of acceptance at University for an Actuarial Science or Accounting Science programme.

Required Documentation (to be included in the application)

• One pager CV (click for advice)
• Bursary Motivation Form (click, download and complete the form)
• School Reports for Grade 10 – 12 term 1 Results
• Matric Certificate (if applicable)
• University acceptance/conditional acceptance letter (if applicable)
• Full Academic Transcript (applicable to current University students only)
• ID Copy

Important Notes

• Parental/guardian consent is required if you are under 18
• Preference will be given to candidates from under-represented designated groups, including candidates with disabilities
• Preference will be given to previously disadvantaged background or demonstrate financial need
• Incomplete applications will not be considered

Applications close 30 June 2026

If you have not heard from us by 31 July 2026, please consider your application unsuccessful. For any queries, contact the Old Mutual Early Careers team by emailing earlycareers@oldmutual.com

Skills

Competencies

Education

Closing Date

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!