Old Mutual: Accounting Bursaries 2023 / 2024

Old Mutual invites South African student to apply for Accounting Bursary Programme 2023 / 2024 academic year.

Bursary Application Closing Date: 31 June 2023

Old Mutual is inviting students to apply for their Accounting Bursary programme, for the 2024 academic year.

The bursary will be awarded for Accounting Science (Chartered Accounting Stream) studies, at any of these selected institutions: University of Cape Town, University of Stellenbosch, University of the Western Cape, University of Johannesburg, University of Pretoria, University of the Witwatersrand, University of Free State, University of Fort Hare, University of KwaZulu-Natal, University of South Africa, Rhodes University, North West University, Nelson Mandela Metropolitan University.

The Old Mutual Accounting Bursary is aimed at young individuals who are passionate about making a career for themselves in Chartered Accounting.

The Old Mutual bursary will provide cover for the following expenses: tuition fees, study materials, accommodation in residence, meals, and a return flights home (if studying outside of your hometown).

Students will also have the chance to partake in vacation work, during the holidays.

Bursary recipients will receive support for the full duration of their degree and students who achieve excellent grades will receive more incentives.

Trainees will receive broad exposure in all spheres of finance as prescribed as by SAICA. Bursary recipients will get exposed to accounting and external reporting, management decision-making and control, financial management, risk management, governance and taxation.
 

WHAT AN ACCOUNTING CAREER INVOLVES

Chartered Accountants are involved with various aspects of financial work, including:

• Managing financial systems and budgets
• Undertaking financial audits
• Providing financial advise
• Preparation of financial reports and documents
• Maintaining investment records
• Reviewing possible financial risk
• Providing professional opinions and advise to companies regarding financial decisions
• Management or business roles

Requirements

Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

• You must be a South African citizen
• You must be under 21 years old
• You must have completed Matric or be currently in Matric
• You must NOT have completed any post-Matric qualifications
• You must be studying or intend on studying towards an undergraduate Accounting Science (Chartered Accounting Stream) qualification
• You must be studying or have applied to study at one of the following tertiary institutes: University of Cape Town, University of Stellenbosch, University of the Western Cape, University of Johannesburg, University of Pretoria, University of the Witwatersrand, University of Free State, University of Fort Hare, University of KwaZulu-Natal, University of South Africa (UNISA), Rhodes University, North West University, Nelson Mandela Metropolitan University
• You must have achieved a minimum result of 70% for Mathematics (not Mathematics Literacy) in Matric
• You must have achieved a minimum result of 60% for English HL or 70% for English FAL in Matric
• You must have achieved a minimum result of 70% for all other subjects in Matric
• You must be committed to enter the Old Mutual CA Training Programme and work for the company after graduation
• Preference will be given to students from under-represented designated groups, including those with disabilities
• Preference will be given to students from a previously disadvantaged background or those who demonstrate financial need

How to apply

The Old Mutual Accounting Science Bursary application is made up of the following steps:
Step 1: complete the Old Mutual Bursary Motivation Form (.pdf)

Step 2: complete the Old Mutual Accounting Science Bursary Online Application 2024 (Reference: JR-38156), which includes a gamified assessment.

Step 3: submit clear copies of the following supporting documentation along with your online application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):

• ID document (certified copy)
• 1 page Curriculum Vitae
• Photograph (head and shoulders)
• Grade 10, Grade 11 and Matric school reports
• Matric certificate, if completed Matric
• Proof of acceptance or conditional acceptance at University, if applicable
• NBT statement, if applicable
• Full academic transcript, if currently studying

Note: applicants under 18 years old will need their parents or guardians consent to apply for this bursary.
 

OLD MUTUAL BURSARY SELECTION

Shortlisted applicants will receive a link to complete psychometric assessments.

Finalists will be invited to attend a selection day where interviews will be held.

Students who pass the interview stage will receive a provisional offer, which will be confirmed after Old Mutual receives their final matric results and proof of acceptance at University for an Accounting Science programme.