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Actuarial Science, Actuarial and Financial Mathematics Bursary at Momentum

Momentum invites students to apply for bursary programme that focuses on the following courses Actuarial Science, Actuarial and Financial Mathematics. The Bursary will cover the following: Annual registration costs, Tuition fees, Accommodation and meals in residence, Prescribed text book allowance, Travel allowance, Pocket money allowance and Academic and social support

Actuarial Science Youth Bursary 2024


Closing Date 2023/08/31

Job Title Actuarial Science Youth Bursary 2024

Position Type Bursary

Cluster Group Finance

Remote Opportunity All of the time

Location - Country South Africa

Location - Province Gauteng, Western Cape

Location - Town / City Centurion | Sandton | Cape Town


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.

Role Purpose

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 receive the following:

Annual registration 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)


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

Duties & 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


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


Click on your location to apply

Cape Town

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