Old Mutual is Southern Africa’s largest and most well-established financial services provider.
It is offering an excellent opportunity for South African students pursuing a career in Chartered Accounting.
Known for its comprehensive range of personal and business financial solutions, Old Mutual has long been committed to fostering talent and providing the necessary tools for success.
Their Accounting Bursary Program, aimed at undergraduate students in the Chartered Accounting stream, is a prime example of this commitment.
Key Details of the Old Mutual Accounting Bursary
The Old Mutual Accounting Bursary is designed for passionate young individuals who want to build a future in Chartered Accounting.
Whether you’re still in Matric or currently enrolled in university, this bursary provides full support for your studies.
Bursary recipients are given financial coverage, vacation work opportunities, and a way to gain extensive exposure in the finance sector through the Old Mutual CA Training Programme.
Fields Covered by the Bursary
This bursary caters to students studying towards an undergraduate Accounting Science qualification, with a focus on the Chartered Accounting stream.
If you’re enrolled at one of the following universities, you are eligible to apply:
- 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
The bursary covers essential educational costs, including:
- Tuition fees
- Study materials
- Accommodation in residence
- Return flights home for students studying outside their hometown
Additionally, bursary recipients are encouraged to participate in vacation work during university holidays.
Exceptional academic performers may also receive further incentives.
What an Accounting Career Involves
Chartered Accountants play a vital role in managing financial systems, conducting audits, providing financial advice, and preparing essential financial documents.
A career as a Chartered Accountant offers opportunities in various financial functions, including:
- Managing financial systems and budgets
- Conducting financial audits
- Offering financial advice
- Preparing financial statements and reports
- Reviewing financial risks
- Providing expert opinions on financial decisions
The Old Mutual Accounting Bursary equips students with the necessary exposure to accounting practices and broad financial management, while trainees gain hands-on experience in external reporting, financial management, risk management, and taxation.
Eligibility Requirements
To qualify for the Old Mutual Accounting Bursary, applicants must meet the following eligibility criteria:
Matric Students or Students Not Yet Studying
- South African citizen
- Under 21 years old
- Currently in Matric or have completed Matric
- No post-Matric qualifications
- Intend to study for an undergraduate Accounting Science qualification (Chartered Accounting Stream)
- Must be accepted or planning to apply at one of the listed universities
- At least 70% in Mathematics (not Mathematics Literacy) in Matric
- At least 60% in English HL or 70% in English FAL
- Minimum of 70% in all other Matric subjects
- Committed to entering the Old Mutual CA Training Programme after graduation
University Students
- South African citizen
- Under 25 years old
- Completed Matric
- Currently studying for an undergraduate Accounting Science qualification (Chartered Accounting Stream) at one of the listed universities
- Achieved a minimum of 60% in core modules (Financial Accounting, Taxation, Management Accounting, Auditing)
- Minimum overall average of 60% in all modules
- Committed to joining the Old Mutual CA Training Programme after graduation
How to Apply for the Old Mutual Accounting Bursary
Applications must be submitted online through the Old Mutual website.
The application process requires you to create an account before logging in to submit your application.
Be sure to include the following required documents:
- Certified copy of your ID document
- Matric results (if currently in Matric)
- Matric certificate (if you have completed Matric)
- Proof of acceptance or conditional acceptance at one of the listed universities
- Full academic transcript (if currently studying)
- NBT statement (if applicable)
- Completed Bursary Motivation Form (.pdf)
- Curriculum Vitae (1 page)
You have to ensure that all required documents are submitted as incomplete applications may be disqualified.
Deadlines
The closing date for the 2024 applications has passed (October 31, 2024).
Keep an eye on the Old Mutual website for updates regarding the 2025 intake.
Contact Information
For any inquiries or clarification regarding the Old Mutual Accounting Bursary, applicants can reach out to the Early Careers team at:
- Email: earlycareers@oldmutual.com
You can also visit the official Old Mutual website for further details.