Old Mutual Bursary Requirements

Understanding the criteria for the Old Mutual Bursary can open doors to financial support for your education. Navigating these requirements is crucial for students aspiring to make a significant impact in their academic journey. This blog post delves into the essential requirements and processes for applying for the Old Mutual Bursary, guiding you through each step for a seamless application experience.

Top Takeaways

• Old Mutual offers bursaries primarily for students in fields like Actuarial Science, Accounting, and Finance.
• Applicants must meet specific academic thresholds and demonstrate financial need.
• A comprehensive application includes thorough documentation and a well-prepared interview.
• The bursary program also requires a commitment to working with Old Mutual post-graduation for a stipulated period.
• The application process opens annually, typically in the first quarter.

Table of Contents

• Understanding the Old Mutual Bursary
• Eligibility Criteria
  • Academic Requirements
  • Personal Attributes and Skills
• Application Process
  • Required Documents
  • Application Timeline
• Post-Application Expectations
• FAQ

Understanding the Old Mutual Bursary

The Old Mutual Bursary is tailored to assist students who demonstrate excellent academic prowess and financial need. This bursary aims to cultivate future leaders in critical fields vital to Old Mutual’s operations and industry.

Fields Supported

• Actuarial Science
• Accounting
• Finance
• Economics

Eligibility Criteria

To apply for the Old Mutual Bursary, applicants must fulfill specific eligibility criteria that focus on academic excellence and financial need.

Academic Requirements

• Minimum Requirements:
  • Matriculants: At least 70% in Mathematics and English.
  • University Students: A minimum 65% average in all subjects.
• Fields of Study:
  • Eligible courses must be full-time degrees in the listed disciplines.

Personal Attributes and Skills

• Leadership Skills: Demonstrated involvement in leadership roles.
• Communication Skills: Proven ability to communicate effectively.
• Problem-Solving Abilities: Aptitude for analytical thinking and problem-solving.

Application Process

The application process for the Old Mutual Bursary involves a detailed procedure to ensure only the most deserving candidates are selected.

Required Documents

• Certified copies of academic transcripts.
• Proof of income or affidavit for financial need validation.
• A well-prepared personal statement highlighting motivation and goals.

Application Timeline

• Opening Date: Annually, usually the beginning of March.
• Closing Date: Around May 31st.
• Interview Rounds: Held in late June or early July for shortlisted candidates.

For more detailed information on Old Mutual Bursary Requirements, visit our dedicated page.

Post-Application Expectations

Upon acceptance, bursary recipients are required to maintain a certain academic standard and fulfill post-graduation commitments.

• Academic Performance: Continuous high performance is mandatory.
• Employment Obligations: Recipients are expected to work with Old Mutual for a period equal to the duration of the bursary received.

For broader context, visit our site for related Requirements.

FAQ

1. What expenses does the Old Mutual Bursary cover?

The bursary typically covers tuition, accommodation, and a stipend for books and living expenses.

2. Is financial need a significant determinant for the bursary application?

Yes, demonstrating financial need is one of the critical factors alongside academic excellence.

3. Can international students apply for the Old Mutual Bursary?

The bursary is primarily for South African students attending local universities.

4. What happens if my studies are extended beyond the bursary period?

In such cases, students are generally required to fund the additional duration themselves unless special extensions are granted.

5. Is there mentorship included as part of the bursary?

Yes, recipients often receive mentorship and guidance from industry professionals within Old Mutual.

For additional external resources, consider exploring StudyTrust, National Student Financial Aid Scheme (NSFAS), and South African Qualifications Authority (SAQA).