South African Reserve Bank Scholarship for Data Science and Machine Learning
The South African Reserve Bank (SARB) is offering a scholarship for Master’s degrees in Data Science and Machine Learning, with a focus on financial analytics. This opportunity is designed to address a shortage of skilled professionals in South Africa, particularly in areas related to financial technology and data analysis. Young South Africans who meet specific academic and age requirements are encouraged to apply for this full scholarship for the 2027 academic year.
Scholarship Purpose and Focus
The SARB provides scholarships and bursaries as part of its corporate social initiatives to support students from disadvantaged backgrounds in fields critical to the nation’s economy. This particular scholarship, offered in collaboration with the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), aims to cultivate expertise in data science, machine learning, and artificial intelligence. A key aspect of this program is its emphasis on financial analytics, preparing scholars for roles within the financial sector.
Eligibility Requirements
To be considered for the SARB Master’s in Data Science and Machine Learning Scholarship, candidates must meet several criteria. They need to have received provisional acceptance into one of the designated Master’s programs. Crucially, their chosen modules must include topics related to financial analytics. Applicants must also possess a relevant Honours degree with a minimum overall pass mark of 65%. The scholarship is for full-time students only, and applicants must be South African citizens under the age of 35.
Application Process and Deadlines
The application window for the 2027 SARB Master’s in Data Science and Machine Learning Scholarship closes on October 31, 2026. Late applications will not be accepted. Prospective students must submit their examination results and proof of acceptance from a recognized institution, including a student number and any other required supporting documents. A specific promo code, SARBDSM27, must be used when applying.
Post-Award Requirements
Successful scholarship recipients will be expected to sign an agreement with the SARB. They may also be required to attend specific workshops as determined by the SARB and NGA(MaSS). Furthermore, bursary holders must submit their examination results by December 31, 2026, irrespective of whether they will be considered for a bursary in the subsequent year. The SARB may also require potential external bursars to attend interviews as part of the selection process.
Frequently Asked Questions
What is the SARB offering?
The South African Reserve Bank (SARB) is offering a full scholarship for Master’s degrees in Data Science and Machine Learning, with a special focus on financial analytics.
Who is eligible for this scholarship?
Eligibility includes being a South African citizen under 35, holding an Honours degree with a minimum of 65%, and having provisional acceptance into a Master’s program that includes financial analytics modules.
When is the application deadline?
The deadline to apply for the 2027 SARB Master’s scholarship is October 31, 2026. Late applications will not be considered.
What are the requirements after receiving the scholarship?
Successful recipients must sign an agreement with SARB, may need to attend workshops, and must submit their examination results by December 31, 2026.
