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Actuarial Science Youth Bursary 2024 for Young South Africans

Actuarial Science Youth Bursary 2024 for Young South Africans

DEADLINE: 31 August 2023

Actuarial Science Youth Bursary 2024 for Young South Africans

Reference NumberMMH230619-5
Job TitleActuarial Science Youth Bursary 2024
Position TypeBursary
ClusterGroup Finance
Remote OpportunityAll of the time
Location – CountrySouth Africa
Location – ProvinceGauteng
Location – Town / CityCenturion | Sandton

Momentum Metropolitan acknowledges that having the right skills and competencies is a competitive advantage in an industry where service excellence is a key differentiator. We therefore believe in the ongoing development of our employees and in creating a platform where learning and skills advancement is prioritised. 

The bursary programme provides qualifying external youth candidates an opportunity to focus on their studies without the need to worry about the financial burden of university learning. On this program you are thus well positioned to perform better and to achieve your ultimate goal of becoming a qualified actuary

Purpose of the Bursary

Are you a young, bright South African citizen with a passion for numbers? Are you already in university studying towards a Bachelor’s degree in Actuarial Science?

Then look no further. Under the Momentum Metropolitan Actuarial Science Bursary Programme, not only will you receive comprehensive financial assistance, but you will also have access to study support from our actuarial community.  As a recipient of our Actuarial Science Bursary Programme, you will recieve the following:

  • Annual regisitration costs
  • Tuition fees
  • Accommodation and meals in residence
  • Prescribed text book allowance
  • Travel allowance (for return flights if studying outside of your hometown)
  • Pocket money allowance
  • Academic and social support (mentor support and/ or vacation work opportunity

Bursary Requirements

  • Be a South African citizen
  • Be enrolled in any of the following qualifications at an accredited South African university:
    • BSc Actuarial Science
    • BBus Science Actuarial Science
    • BCom Actuarial Science
    • BSc Actuarial and Financial Mathematics
  • Successful completion of first-year actuarial studies
  • A minimum grade point average (GPA) of 70% or higher (and maintained in previous years of study)
  • Not be a recipient of any other bursary funding for the 2024 academic year

Terms and Conditions of the Bursary

As a recipient of the Actuarial Science Bursary Programme, you will be required to achieve the following:

  • Complete the qualification in the time allocated by the University as per agreed timelines at the time the bursary was allocated;
  • Pass all subjects in any given academic year
  • Meet the course entry requirements for the next academic year of the Actuarial degree
  • Provide Momentum Metropolitan with copies of academic results/records in July and December of every year
  • Provide Momentum Metropolitan with copies of the tuition costs, accommodation and meal fees/expenses as well as proof of any other Bursary related expenses. 
  • Graduate with a minimum of 4 Exemptions by the end of the Actuarial degree
  • Be committed to contribute positively to the Actuarial Profession and to join Momentum Metropolitan upon graduation.

CLICK HERE TO APPLY ONLINE: Actuarial Science Youth Bursary 2024 for Young South Africans


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