Momentum Metropolitan Bursary 2025

Momentum Metropolitan Bursary

Deadline: 31 August 2024

Location: South Africa

About Momentum Metropolitan 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 receive 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

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

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.

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

Application

To apply, visit Momentum Metropolitan bursaries portal.

Enquiries: farieda.khalfey@mmltd.co.za

About Momentum Metropolitan

Momentum is a member of Momentum Group Limited, a South African based financial group listed on the South African stock exchange, the Johannesburg Stock Exchange (JSE).

Momentum Group Limited was formed through the merger of Metropolitan Holdings and Momentum Group in December 2010, establishing it as the third-largest life insurer in South Africa. This position was further reinforced by the acquisition of Guardrisk, enhancing Momentum Group Limited’s role as a leading client engagement platform.

Momentum Group Limited’s financial solutions are widely embraced and trusted by millions of people across our core market in Africa and increasingly the rest of the world. Momentum Group Limited provides long- and short-term insurance, asset management services, investments and savings, healthcare administration, health risk management, employee benefits and a wellness and rewards programme.

While the business of Momentum Group Limited is providing leading financial solutions to a broad range of clients, its products and services are simply the vehicle through which it delivers on its purpose – to enhance the lifetime of financial wellness of people, their communities and their businesses.