Momentum Group Actuarial Science Bursary: Your Guide to Funding Your Studies

Are you a high-achieving university student in South Africa with a passion for actuarial science? Momentum Group is offering a valuable opportunity to support your academic journey through their Actuarial Science Youth Bursary Programme for the 2027 academic year. This bursary goes beyond just covering tuition; it provides a pathway to professional development and a potential career with a leading financial services organization.

This guide will walk you through everything you need to know about the Momentum Group Actuarial Science Bursary, from eligibility and what it covers to how to apply and what’s expected of recipients.

Understanding the Momentum Group Actuarial Science Bursary

The Momentum Group Actuarial Science Youth Bursary Programme is designed to support current university students who are already pursuing an approved actuarial science qualification. It is specifically for those who have successfully completed their first year of study and have demonstrated strong academic performance. The bursary aims to nurture talent within South Africa’s financial services sector by providing financial aid, mentorship, and practical work experience.

It’s important to note that this bursary is not for Grade 12 learners planning to start university in 2027. You must already be enrolled in an actuarial science program at an accredited South African university.

What the Bursary Covers and Offers

Successful applicants can expect comprehensive financial support to ease the burden of higher education costs. The bursary typically covers:

• Annual university registration fees.
• Full tuition fees.
• Prescribed textbooks and study materials.
• General academic expenses.
• Accommodation costs, if applicable.
• Meal allowances, where needed.
• Travel allowances, if necessary.

Beyond financial assistance, the bursary offers significant professional development opportunities, including:

• Professional mentorship from experienced actuaries.
• Vacation work opportunities within Momentum Group, providing real-world experience.
• Networking events to connect with industry professionals.
• Exposure to Momentum Group’s operations and culture.
• Career development support to help shape your professional path.
• Practical insights into the actuarial profession.

Eligibility Criteria: Who Should Apply?

To be considered for the Momentum Group Actuarial Science Youth Bursary, you must meet the following requirements:

• Citizenship: Be a South African citizen.
• Current Enrollment: Be currently registered at an accredited South African university.
• Field of Study: Be studying an approved Actuarial Science qualification.
• Academic Standing: Have successfully completed your first year of actuarial studies.
• Academic Performance: Maintain a minimum Grade Point Average (GPA) of 70%.
• Other Bursaries: Not be receiving another bursary for the 2027 academic year.
• Commitment: Be committed to completing your degree within the university’s prescribed timeframe.
• Future Intent: Show interest in joining Momentum Group after graduation.

Approved Actuarial Science Qualifications

Applicants must be enrolled in one of the following specific qualifications at an accredited 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.

If your qualification is not listed, you may not be considered for this bursary.

Academic Requirements in Detail

Momentum Group places a strong emphasis on academic excellence. Beyond the minimum 70% GPA, you must demonstrate:

• Successful completion of all first-year actuarial studies.
• A strong academic record across all completed years of university study.
• The ability to meet the entry requirements for your next academic year.
• Potential to complete your qualification within the allocated university period.

You will need to submit academic transcripts that cover every completed year of your university studies.

Responsibilities of Bursary Recipients

As a bursary recipient, you will have certain responsibilities to ensure your continued support and professional growth:

• Submit Documents Promptly: Provide any requested documents within five working days.
• Complete Qualification: Finish your degree within the university’s prescribed timeframe.
• Pass All Subjects: Achieve passing grades in all subjects each academic year.
• Meet Progression Requirements: Fulfill the necessary academic progression criteria for each subsequent year of study.
• Submit Results: Send your semester results to Momentum Group within five working days of receiving them.
• Provide Expense Records: Submit records of tuition, accommodation, and meal expenses, along with proof of other related costs.
• Maintain Progress: Consistently demonstrate satisfactory academic progress.
• Commit to Profession: Remain dedicated to pursuing a career in the actuarial field.

Actuarial Exemption Requirements

A key aspect of actuarial studies is obtaining professional exemptions. Recipients will be expected to graduate with at least four actuarial exemptions, excluding N111. It is crucial to understand the exemption requirements associated with your university program and the broader actuarial profession. Continued bursary support often depends on meeting these academic milestones and progressing towards the required exemptions.

Commitment to Momentum Group

This bursary is not just about funding your education; it’s also about building a future talent pipeline for Momentum Group. Successful recipients are expected to show a genuine willingness to join Momentum Group after completing their qualifications. The specific terms and conditions regarding employment or work-back commitments will be detailed in the bursary agreement provided to successful applicants.

Key Competencies Momentum Group Seeks

Momentum Group looks for candidates who possess a range of skills and personal attributes that align with their company values and the demands of the actuarial profession. These include:

• Passion for the Actuarial Profession: A genuine interest in the field.
• Enthusiasm and Commitment: A proactive and dedicated approach to studies and career.
• Strong Communication Skills: Both written and verbal communication abilities.
• Problem-Solving Ability: Aptitude for analyzing and resolving complex issues.
• Organizational Skills: The capacity to manage tasks and time effectively.
• Self-Discipline and Self-Motivation: The ability to work independently and stay driven.
• Integrity and Honesty: Upholding ethical standards.
• Ability to Meet Deadlines: Punctuality and reliability.
• Results-Oriented Behaviour: Focusing on achieving outcomes.
• Responsibility and Accountability: Taking ownership of tasks and actions.

Crafting Your Motivation Letter and CV

Your application is strengthened by a well-crafted motivation letter and an updated CV. The motivation letter, which should be combined with your CV as a single document, needs to address the following points:

• Your choice of Actuarial Science: Explain what drew you to this field.
• Reason for applying: Why you are seeking the Momentum Group bursary specifically.
• Academic achievements: Highlight your academic successes.
• Career goals: Outline your aspirations within the actuarial profession.
• Extracurricular involvement: Detail any leadership, volunteer, or other relevant experiences.
• Impact of the bursary: How the financial support will aid your studies.
• Interest in Momentum Group: Explain why you wish to join the company after graduation.

Ensure your CV is detailed and up-to-date, reflecting your academic and any relevant work or volunteer experience.

Required Documents for Application

To complete your application, you will need to gather and submit the following documents:

• Detailed and updated CV.
• A one-page motivation letter (combined with your CV).
• A certified copy of your Matric certificate.
• Academic transcripts for all university years completed.
• A certified copy of your South African identity document (both sides).
• Any additional documents requested through the online application system.

Make sure all submitted documents are clear and easily readable.

How to Apply for the Bursary

Applications for the Momentum Group Actuarial Science Bursary 2027 must be submitted online through the official Momentum Group bursary recruitment platform.

1. Visit the Application Portal: Access the official bursary application page.
2. Create or Log In: Set up a new applicant profile or log in to your existing account.
3. Complete Application Sections: Fill out all mandatory fields in the application form.
4. Upload Documents: Upload your combined CV and motivation letter, certified Matric certificate, academic transcripts for all completed years, and a certified copy of your ID (both sides).
5. Review and Submit: Carefully review your entire application before submitting it.

Bursary Title: Actuarial Science Youth Bursary 2027
Reference Number: MMH260513-2

Application Closing Date

The deadline for submitting your application is 31 August 2026. It is advisable to apply well before this date to allow ample time for gathering, certifying, and uploading all necessary documents.

Bursary Enquiries

If you encounter any issues or have questions regarding the application process, you can contact Momentum Group via email at [email protected]. Please clearly state that your query relates to the Actuarial Science Youth Bursary 2027 and include the reference number MMH260513-2.

Final Application Checklist

Before you hit submit, double-check that you have met all the essential 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 receiving another bursary for 2027.
• 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 attached and certified.
• Your application will be submitted before the 31 August 2026 closing date.

About Momentum Group

Momentum Group is a prominent South African financial services organization with a broad reach across insurance, investments, retirement solutions, health, employee benefits, and financial planning. Through initiatives like the Actuarial Science Bursary Programme, the company actively supports talented students and contributes to developing the next generation of professionals for South Africa’s vital actuarial and financial services sectors.

Frequently Asked Questions