Bursaries

Momentum Metropolitan: Actuarial Science Youth Bursary Programme 2025

Bursary Highlights

Unlock Your Actuarial Potential! Momentum Metropolitan Holdings invites applications for the Actuarial Youth Bursary Programme for 2025!📚

Closing date: 31 August 2024

Reference NumberMMH240624-4
Job TitleActuarial Science Youth Bursary 2025 (Centurion/Sandton/Cape Town)
Position TypeBursary
ClusterGroup Finance
Remote OpportunityAll of the time
Location – CountrySouth Africa

At Momentum Metropolitan, we offer university students a unique opportunity to focus on their studies without the financial burden.

With our support, you’re well-positioned to excel and realise your dream of becoming a qualified Actuary. If you’re a university student with a passion for actuarial science, seize this opportunity to kickstart your journey with us to #SuccessTogether!

Background Information

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. 

Our 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.

Who Can Apply?

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. 

What the Bursary Covers

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)
  • General and data allowance
  • Academic and social support (mentor support and/or vacation work opportunity)

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 2025 academic year

Duties and Responsibilities

As a recipient of our 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.

Skills and Competencies

We are looking for students who demonstrate the following competencies:

  • Enthusiastic and passionate about the actuarial profession
  • Effective communication (written and verbal)
  • Problem-solving ability
  • Organised, self-disciplined and self-motivated
  • Strong sense of integrity and honesty
  • Deadline and results oriented

How to Apply

NB: Please attach the following documents with your application:

  • Detailed CV
  • Motivation letter (1 page)
  • Certified copy of your SA ID
  • Copy of your most recent academic transcripts

Find the APPLICATION FORM HERE.

Enquiries[email protected]

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