For many high-achieving South African learners, the dream of becoming an actuary is clear—but the path often isn’t. Actuarial science is one of the most demanding and expensive degrees, requiring years of study, strong mathematical ability, and sustained academic performance. Without financial support, even the most talented students can find themselves unable to pursue this career.
That’s where the Old Mutual Actuarial Bursary 2026 comes in. It’s not just a bursary—it’s a structured career pathway that removes financial barriers and connects students directly to employment in one of Africa’s leading financial services companies. However, because it is so competitive, many students either apply incorrectly or miss out entirely due to avoidable mistakes.
This guide breaks everything down clearly—what the bursary offers, who qualifies, and exactly how to improve your chances of success.
What Is the Old Mutual Actuarial Bursary 2026?
The Old Mutual Actuarial Bursary 2026 is a fully funded programme designed for top-performing students who want to pursue actuarial science at selected South African universities.
Unlike standard bursaries, this programme goes beyond paying fees. It supports students throughout their studies and into their professional careers, including guaranteed employment after graduation, which is rare and highly valuable in today’s job market.
Key Details at a Glance:
- Application Deadline: 30 May 2026
- Study Location: Selected South African universities
- Field of Study: Actuarial Science
APPLY HERE: Old Mutual Actuarial Bursary 2026
What the Bursary Covers
One of the biggest advantages of the Old Mutual Actuarial Bursary 2026 is its comprehensive financial support. It’s designed to eliminate nearly all study-related costs so students can focus entirely on their academic performance.
Financial Coverage Includes:
- Full tuition fees
- Accommodation (university residence)
- Meals
- Study materials
- Return flights home (if studying away from home)
High-performing students may also receive additional incentives, which reward academic excellence.
Additional Benefits Beyond Funding
This bursary isn’t just about money—it’s about building a career.
You also gain:
- Vacation work opportunities
- Networking with industry professionals
- Mentorship and career guidance
- Personal and professional development programmes
- Guaranteed employment after graduation
These benefits give bursary recipients a major advantage over other graduates entering the job market.
Eligible Universities
To qualify, applicants must study (or plan to study) actuarial science at one of the following institutions:
- University of Cape Town (UCT)
- University of Pretoria (UP)
- University of the Witwatersrand (Wits)
- University of Johannesburg (UJ)
- Stellenbosch University
- North-West University (NWU)
- University of the Free State (UFS)
- University of KwaZulu-Natal (UKZN – not ASSA accredited)
Choosing one of these universities is essential—applications outside this list will not be considered.
Eligibility Requirements
Meeting the minimum requirements is non-negotiable, and competition is intense.
Academic Criteria:
- At least 80% in Mathematics
- At least:
- 60% in English Home Language OR
- 70% in English First Additional Language
- At least 70% in all other subjects
Other Requirements:
- Must be a South African citizen
- Must be accepted or applying to a listed university
- Must be committed to qualifying as an actuary
- Must be willing to work for Old Mutual after graduation
Why This Issue Matters
Access to funding like the Old Mutual Actuarial Bursary 2026 can completely change a student’s life trajectory.
Actuarial science is one of the highest-paying professions in South Africa, but it is also one of the least accessible due to cost and academic difficulty. Without bursaries, many capable students never enter the field.
This creates two major challenges:
- Talent loss: Skilled students are excluded due to financial barriers
- Skills shortage: The country lacks qualified actuaries in key industries
By applying successfully, you’re not just securing funding—you’re stepping into a career that offers long-term financial stability, global opportunities, and strong professional demand.
Step-by-Step Guide to Applying Successfully
Applying for the Old Mutual Actuarial Bursary 2026 requires more than just meeting requirements. You need to approach it strategically.
Step 1: Prepare Your Documents Early
Gather everything before starting your application:
- One-page CV
- Bursary motivation form
- School reports (Grade 10–12)
- Matric certificate (if available)
- University acceptance letter
- Academic transcript (if applicable)
- Certified ID copy
Step 2: Apply Online
Submit your application through the Old Mutual careers portal. Double-check all entries—small errors can cost you.
APPLY HERE: Old Mutual Actuarial Bursary 2026
Step 3: Complete the Motivation Form
This is where many applicants fail. Clearly explain:
- Why you want to become an actuary
- Your academic strengths
- Your long-term goals
Avoid generic answers—be specific and authentic.
Step 4: Submit a Strong One-Page CV
Keep it concise but impactful:
- Academic achievements
- Leadership roles
- Extracurricular activities
Step 5: Complete the Gamified Assessment
This tests your:
- Logical reasoning
- Problem-solving ability
- Decision-making skills
Treat it seriously—it’s a major filtering stage.
Step 6: Prepare for Psychometric Tests
If shortlisted, you’ll need to complete additional assessments. Practice beforehand to improve performance.
Step 7: Ace the Virtual Interview
Final-stage candidates must:
- Communicate clearly
- Show passion for actuarial science
- Demonstrate discipline and long-term commitment
ALSO APPLY FOR: (FPE) Bursary 2026
Best Practices Experts Recommend
Students who successfully secure the Old Mutual Actuarial Bursary 2026 often follow these proven strategies:
Start Early
Don’t wait until the deadline. Early preparation improves quality and reduces stress.
Focus on Mathematics Excellence
Your maths marks carry the most weight. Consistently aim above 80%.
Show Career Commitment
Actuarial science requires years of dedication. Make it clear you understand this.
Practice Assessments
Gamified and psychometric tests are not easy—practice improves your performance significantly.
Tailor Your Application
Avoid copying templates. Personalised applications stand out.
Mistakes People Often Make
Even strong candidates get rejected due to avoidable errors.
Applying Without Meeting Requirements
If your maths marks are below 80%, your chances are extremely low.
Submitting Incomplete Applications
Missing documents = automatic rejection.
Writing Weak Motivation Statements
Generic or unclear answers reduce your chances dramatically.
Ignoring Assessments
Many applicants underestimate the gamified and psychometric tests.
Waiting Until the Last Minute
Rushed applications are usually weaker and more error-prone.
APPLY HERE: Old Mutual Actuarial Bursary 2026
FAQs
1. Can I apply if I’m still in Grade 12?
Yes. You can apply using your Grade 11 and latest Grade 12 results.
2. What happens if I’m not accepted into a listed university yet?
You can still apply, but you’ll need to provide proof of application or acceptance later.
3. Is the employment after graduation compulsory?
Yes. You must be willing to work for Old Mutual after completing your studies.
4. What if I don’t hear back after applying?
If you don’t receive feedback by 31 July 2026, consider your application unsuccessful.
Why You Should Apply
The Old Mutual Actuarial Bursary 2026 offers more than financial support—it offers certainty in an uncertain job market.
You get:
- A fully funded degree
- Structured career development
- Direct entry into the workforce
- Exposure to industry leaders
For students serious about actuarial science, this is one of the best opportunities available in South Africa.
Final Thoughts and Practical Advice
If you’re aiming to secure the Old Mutual Actuarial Bursary 2026, treat the process like a competitive selection—not just an application.
Focus on what matters most:
- Strong academic performance (especially Mathematics)
- A clear, compelling motivation
- Complete and polished documentation
- Serious preparation for assessments
Don’t rely on luck—build a strong application step by step.
If you meet the requirements and prepare properly, this bursary can open doors to a high-impact, high-reward career that few opportunities can match.
ALSO APPLY FOR: (FPE) Bursary 2026
APPLY HERE: Old Mutual Actuarial Bursary 2026
