Momentum Group Actuarial Science Bursaries 2027: Financial Support for University Students
Momentum Group is offering bursaries for Actuarial Science students in 2027. This opportunity is for current university students who have completed their first year of study and meet academic requirements. The bursary aims to support students in their actuarial science qualifications and provide valuable industry exposure. Applications close on 31 August 2026.
Application Closing Date: 31 August 2026
Location: Centurion, Sandton, Cape Town, South Africa
Programme Duration: Until completion of degree
Stipend: Financial support for tuition, textbooks, accommodation, meals, and travel
Opportunity Type: Bursary
About the Momentum Group Actuarial Science Bursary
The Momentum Group Actuarial Science Youth Bursary Programme is designed to support high-achieving university students pursuing actuarial science. This bursary provides financial assistance for academic expenses, including tuition fees, textbooks, and living costs where applicable. It also offers recipients professional mentorship, vacation work, and networking opportunities within the financial services sector.
The programme focuses on developing future actuarial professionals who can contribute to Momentum Group and the broader South African financial industry. It is specifically for students already enrolled in an accredited actuarial science qualification and who have successfully completed their first year. Grade 12 learners planning to start university in 2027 are not eligible for this bursary.
About Momentum Group
Momentum Group is a prominent South African financial services organisation. The company offers a wide range of services, including insurance, investments, retirement solutions, health, employee benefits, and financial planning. Momentum Group is committed to developing talent within the financial sector and supporting students who show potential in fields like actuarial science.
What the Bursary Offers
Successful applicants for the Momentum Group Actuarial Science Bursary can expect a range of benefits designed to support their academic journey and career development. These include financial aid for essential study expenses and valuable professional experiences.
The bursary typically covers:
- Annual university registration fees.
- Full tuition fees.
- Prescribed textbooks.
- General academic expenses.
- Accommodation, where applicable.
- Meal allowances, where applicable.
- Travel allowances, where applicable.
In addition to financial support, recipients gain access to:
- Professional mentorship from experienced actuaries.
- Vacation work opportunities within Momentum Group.
- Networking events with industry professionals.
- Exposure to the operations of Momentum Group.
- Career development support.
- Practical insights into the actuarial profession.
Eligible Actuarial Science Qualifications
To be considered for this bursary, applicants must be currently enrolled in one of the following specific qualifications at a South African university:
- Bachelor of Science in Actuarial Science.
- Bachelor of Business Science in Actuarial Science.
- Bachelor of Commerce in Actuarial Science.
- Bachelor of Science in Actuarial and Financial Mathematics.
Applications for qualifications outside these listed fields will not be considered.
Who Can Apply?
This bursary is intended for current university students who meet specific criteria. Applicants must be South African citizens currently registered at an accredited South African university. They must be studying an approved Actuarial Science qualification and have successfully completed their first year of study.
A minimum Grade Point Average (GPA) of 70% is required. Applicants should not be receiving another bursary for the 2027 academic year. A commitment to completing the degree within the university’s prescribed timeframe and an interest in joining Momentum Group after graduation are also essential.
Academic Requirements
Strong academic performance is a key requirement for this bursary. Applicants must have successfully completed all first-year actuarial studies with a minimum GPA of 70%. They need to demonstrate a strong academic record across all completed university years and show the potential to meet the entry requirements for subsequent academic years.
Applicants must also be able to complete their qualification within the allocated period. Academic transcripts covering every completed year of study must be submitted as part of the application.
Bursary Recipient Responsibilities
Successful bursary recipients are expected to uphold certain responsibilities to ensure continued support and successful completion of their studies. These responsibilities are crucial for maintaining the bursary and demonstrating commitment to the programme and Momentum Group.
Key responsibilities include:
- Submitting all requested documents within five working days.
- Completing the qualification within the university’s prescribed timeframe.
- Passing all subjects in each academic year.
- Meeting the progression requirements for the next year of study.
- Submitting semester results to Momentum Group promptly.
- Providing records of all tuition, accommodation, and meal expenses.
- Maintaining satisfactory academic progress throughout the degree.
- Remaining committed to the actuarial profession and Momentum Group’s values.
Actuarial Exemption Requirement
A significant requirement for bursary recipients is the pursuit of actuarial exemptions. Graduates are expected to have obtained at least four actuarial exemptions, excluding N111, upon completion of their degree. Applicants should be aware of the exemption requirements associated with their university programme and the actuarial profession.
Continued bursary support is contingent upon academic performance and progress toward achieving these required exemptions. Understanding and working towards these exemptions is a core part of the bursary agreement.
Commitment to Momentum Group
Successful applicants must show a clear willingness to join Momentum Group after completing their qualifications. The bursary programme is designed to cultivate future actuarial professionals who can contribute to the organisation’s success post-graduation. The specific employment or work-back conditions will be detailed in the bursary agreement provided to successful candidates.
Competencies Momentum Group Looks For
Momentum Group seeks candidates who demonstrate a strong set of personal and professional competencies. These qualities indicate a candidate’s potential for success in the actuarial field and within the company.
Applicants should exhibit:
- Passion for the actuarial profession.
- Enthusiasm and commitment to their studies and career.
- Strong written and verbal communication skills.
- Excellent problem-solving abilities.
- Good organisational skills.
- Self-discipline and self-motivation.
- Integrity and honesty.
- Ability to meet deadlines.
- Results-oriented behaviour.
- A strong sense of responsibility and accountability.
Motivation Letter Requirements
A crucial part of the application is a one-page motivation letter, submitted alongside the CV. This letter should articulate the applicant’s passion for actuarial science, their reasons for applying for the Momentum Group bursary, and their academic achievements. It should also detail career aspirations within the actuarial profession, any leadership or volunteer experience, and how the bursary will aid their studies.
The letter should also explain why the applicant wishes to join Momentum Group after graduation. The CV and motivation letter must be uploaded as a single, combined document.
Documents Required
Applicants must prepare and attach several important documents to their application. These documents are essential for verifying eligibility and assessing academic merit.
Required documents include:
- A detailed and updated CV.
- A one-page motivation letter combined with the CV.
- A certified copy of the Matric certificate.
- Academic transcripts for all university years completed.
- A certified copy of the South African identity document (both sides).
- Any additional documents requested through the application system.
Ensure all submitted documents are clear and readable.
How to Apply for the Momentum Group Actuarial Science Bursary 2027
Applications for the Momentum Group Actuarial Science Bursary 2027 must be submitted through the official Momentum Group bursary recruitment platform.
Click here to apply for the Momentum Group Actuarial Science Bursary 2027
To apply, follow these steps:
- Access the official bursary application page using the link provided.
- Create a new applicant profile or log in to an existing one.
- Complete all mandatory sections of the application form accurately.
- Upload the combined CV and motivation letter as a single document.
- Upload a certified copy of your Matric certificate.
- Upload certified academic transcripts for all completed university years.
- Upload a certified copy of your South African identity document, ensuring both sides are visible.
- Carefully review your entire application before submission.
- Submit your application before the closing date of 31 August 2026.
Bursary Application Closing Date
The deadline for submitting applications for the Momentum Group Actuarial Science Bursary 2027 is 31 August 2026. It is advisable for applicants to submit their applications well in advance of this date. This will allow ample time to gather, certify, and upload all necessary documents without last-minute issues.
Bursary Enquiries
For any assistance or clarification regarding the bursary application, applicants may contact the designated enquiry email.
Email: [email protected]
When sending an email, please clearly state that your query relates to the Actuarial Science Youth Bursary 2027, referencing MMH260513-2.
Important Application Advice
Before submitting your application, please confirm the following critical points to ensure your application is complete and meets all requirements:
- You are a South African citizen.
- You are currently studying Actuarial Science at university.
- You have successfully completed your first year of actuarial studies.
- Your GPA is at least 70%.
- You are not currently receiving another bursary for the 2027 academic year.
- Your CV and motivation letter are combined into one document.
- Your academic transcripts cover all completed years of study.
- Both sides of your identity document are clearly visible on the certified copy.
- Your application will be submitted before the closing date of 31 August 2026.
About Momentum Group
Momentum Group is a leading South African financial services organisation. Its operations span insurance, investments, retirement solutions, health, employee benefits, and financial planning. Through its Actuarial Science Bursary Programme, the company actively supports high-performing students. This initiative helps develop future professionals for South Africa’s actuarial and financial services sectors.
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