Momentum Group Actuarial Science Bursaries 2027: Financial Support for University Students

Momentum Group is offering bursaries for Actuarial Science students in South Africa for the 2027 academic year. This opportunity is for current university students who have completed their first year and are pursuing an eligible Actuarial Science qualification. The bursary aims to provide financial support and professional development for aspiring actuaries.

Application Closing Date: 31 August 2026
Location: Accredited South African universities (programme opportunities linked to Centurion, Sandton, and Cape Town)
Programme Duration: Not specified
Stipend: Not specified (covers tuition, textbooks, academic expenses, accommodation, meals, and travel where applicable)
Minimum Qualification: Completed first year of an Actuarial Science degree with a minimum 70% GPA

About the Momentum Group Actuarial Science Bursary 2027

The Momentum Group Actuarial Science Youth Bursary Programme is designed to support high-achieving university students already enrolled in actuarial science studies. This programme focuses on developing future professionals within South Africa’s financial services sector. It is not for Grade 12 learners planning to start university in 2027, but rather for those who have already begun their actuarial journey.

Successful applicants will receive financial assistance for their academic pursuits. Beyond financial aid, the bursary offers valuable career development opportunities. These include professional mentorship, vacation work, and networking with industry experts. The goal is to provide a well-rounded experience that prepares students for a successful career in actuarial science.

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. Through initiatives like the Actuarial Science Bursary Programme, Momentum Group actively supports talented students. They aim to cultivate future actuaries and financial professionals for the benefit of the company and the broader South African economy.

Available Bursary Opportunities

This bursary is specifically for students enrolled in Actuarial Science qualifications. The available opportunities are focused on supporting students within this specialized field.

• Actuarial Science
• Actuarial and Financial Mathematics

What the Momentum Group Bursary Offers

Successful bursary recipients can expect a range of benefits designed to support their academic and professional growth. The financial assistance aims to reduce the burden of educational costs.

The bursary may cover:

• 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 will gain valuable professional experience and guidance:

• Professional mentorship from experienced actuaries.
• Opportunities for vacation work within Momentum Group.
• Networking events to connect with industry professionals.
• Exposure to the operations and culture of Momentum Group.
• Career development support and guidance.
• Practical insights into the actuarial profession.

Programme Duration and Location

The bursary is intended to support students throughout their eligible actuarial science qualifications. The exact duration will depend on the student’s academic progress and the university’s prescribed period for their degree. Programme opportunities are linked to Momentum Group’s presence in Centurion, Sandton, and Cape Town, suggesting that vacation work and mentorship activities may be based in these areas.

Minimum Requirements

To be considered for the Momentum Group Actuarial Science Youth Bursary, applicants must meet several criteria:

• Be South African citizens.
• Be currently registered at an accredited South African university.
• Be studying an approved Actuarial Science qualification.
• Have successfully completed their first year of actuarial studies.
• Achieve a minimum GPA of 70%.
• Not be receiving another bursary for the 2027 academic year.
• Be committed to completing their degree within the university’s prescribed timeframe.
• Show interest in joining Momentum Group after graduation.

Academic Requirements

Strong academic performance is essential for this bursary. Applicants must demonstrate consistent success in their studies.

• A minimum grade point average of 70% is required.
• Successful completion of all first-year actuarial studies is mandatory.
• A strong academic record across all completed university years is expected.
• Applicants must meet the progression requirements for their next academic year.
• The potential to complete the qualification within the allocated period must be evident.

Actuarial Exemption Requirement

A key component of the bursary is the progression towards professional actuarial qualifications. Recipients will be expected to achieve a certain level of academic exemption.

• Graduation with at least four actuarial exemptions is required, excluding N111.
• Applicants should understand their university programme’s exemption requirements and the broader actuarial profession’s standards.
• Continued bursary support is contingent upon maintaining satisfactory academic performance and progress toward these required exemptions.

Commitment to Momentum Group

This bursary programme is also a pathway for Momentum Group to identify and develop future talent. Successful recipients are expected to show a willingness to join the company after completing their studies.

• Recipients must demonstrate a commitment to joining Momentum Group post-graduation.
• The bursary agreement will outline the final employment or work-back conditions.
• This commitment helps ensure a pipeline of skilled professionals for the organisation.

Competencies Momentum Group Looks For

Beyond academic achievements, Momentum Group seeks candidates with specific personal and professional attributes. These qualities indicate a strong potential for success in the actuarial field and within the company.

• Passion for the actuarial profession.
• Enthusiasm and commitment to studies and career.
• Strong written and verbal communication skills.
• Effective problem-solving ability.
• Good organisational skills.
• Self-discipline and self-motivation.
• Integrity and honesty.
• Ability to meet deadlines.
• Results-oriented behaviour.
• Responsibility and accountability.

Motivation Letter Requirements

A well-crafted motivation letter is a crucial part of the application. It allows applicants to express their suitability and aspirations.

• The motivation letter should be one page long and submitted with the CV.
• Explain why you chose Actuarial Science.
• Detail why you are applying for the Momentum Group bursary.
• Highlight your academic achievements.
• Outline your career goals within the actuarial profession.
• Describe any leadership, volunteer, or extracurricular experience.
• Explain how the bursary will support your studies.
• Articulate why you want to join Momentum Group after graduation.

Documents Required

Applicants must prepare and submit a comprehensive set of documents to support their application. Ensure all documents are clear, readable, and certified where required.

• 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.

How to Apply for the Momentum Group Actuarial Science Bursary 2027

Applications must be submitted online through the official Momentum Group bursary recruitment platform.

Click here to apply for the Momentum Group Actuarial Science Bursary 2027

Use the following details to identify the opportunity:

• Bursary title: Actuarial Science Youth Bursary 2027
• Reference number: MMH260513-2

Applicants should follow these steps:

1. Access the official bursary application page via the link provided.
2. Create a new applicant profile or log in to an existing one.
3. Complete all compulsory sections of the application form accurately.
4. Upload the combined CV and motivation letter as a single document.
5. Upload a certified copy of your Matric certificate.
6. Upload certified academic transcripts for all completed years of study.
7. Upload a certified copy of your South African identity document, ensuring both sides are visible.
8. Review your entire application carefully before submission to check for errors.
9. 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 to apply well in advance of this date. This will give you ample time to gather, certify, and upload all necessary documents without last-minute pressure.

Bursary Enquiries

For any assistance or clarification regarding the application process, applicants may contact the bursary administration team.

• Email: [email protected]

When sending an email, please clearly state that your query relates to the Actuarial Science Youth Bursary 2027 and include the reference number MMH260513-2.

Important Application Advice

Before you submit your application, please confirm the following:

• 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 receiving another bursary for the 2027 academic year.
• Your CV and motivation letter are combined into a single document.
• Your academic transcripts cover all completed years of study.
• Both sides of your identity document are attached and certified.
• Your application is submitted on or before 31 August 2026.

SHARE THIS POST WITH OTHERS.