Sanlam Actuarial Bursary Programme 2027

Applicants are invited to apply for the Sanlam Actuarial Bursary Programme 2027

An exceptional and highly competitive opportunity is available for top-performing students to apply for the Sanlam Actuarial Bursary Programme for 2027. This prestigious bursary is aimed at individuals who demonstrate outstanding academic ability, particularly in Mathematics, and who aspire to build a long-term career in Actuarial Science — one of the most respected and intellectually demanding professions in the financial services industry.

With a legacy of over 100 years in helping individuals and businesses plan for the future, Sanlam is committed to investing in the next generation of actuarial professionals. The bursary programme is a reflection of this commitment, offering not only financial support but also structured development, mentorship, and a direct pathway into the actuarial profession.

This programme is ideal for disciplined, analytical, and highly motivated individuals who are prepared to take on the challenge of actuarial studies and are committed to achieving excellence.

About the Sanlam Actuarial Bursary Programme 2027

The Sanlam Actuarial Bursary Programme is designed to provide comprehensive support throughout your academic journey and into your professional career. It is more than just a bursary — it is a long-term investment in your future.

Successful candidates will benefit from a combination of financial assistance, academic support, mentorship, and practical work exposure. The programme ensures that students are well-equipped to succeed academically while also developing the professional skills required in the workplace.

Upon completion of your studies, you will have the opportunity to transition into a full-time role within the organisation, providing a seamless progression from student to professional actuary.

Who Should Apply

Undergraduate Students

• South African citizens currently enrolled in Actuarial Science
• Students in their 1st, 2nd, or 3rd year of full-time study
• Individuals with strong academic performance and a consistent track record of success
• Candidates who demonstrate dedication, discipline, and a clear career focus

Matriculants / School-Leaving Learners

• Learners intending to study Actuarial Science in 2027
• High-achieving students with exceptional performance in Mathematics
• Individuals who enjoy solving complex problems and working with data
• Candidates who are prepared for the long-term academic commitment required in actuarial studies

What the Bursary Offers

The Sanlam Actuarial Bursary is one of the most comprehensive bursaries available in South Africa and provides extensive support, including:

Financial Support

• Full payment of tuition fees
• Accommodation support
• Study allowance for books and personal expenses

Academic and Professional Support

• Ongoing mentorship from experienced actuarial professionals
• Academic guidance to help you succeed in your studies
• Structured support throughout your actuarial qualification journey

Work Experience and Exposure

• Vacation work opportunities to gain practical, hands-on experience
• Networking opportunities with professionals within the organisation
• Exposure to real-world actuarial and financial environments

Career Development

• Guaranteed employment upon successful completion of your studies
• Continued financial support for actuarial board examinations
• Access to rotational work opportunities across different business areas
• Long-term career growth within a leading financial services organisation

Academic Requirements

For Undergraduate Students

Applicants must submit the following documentation:

• Full academic transcripts
• Proof of registration or fee statement
• Copy of matric certificate
• Copy of South African ID
• Comprehensive CV highlighting academic achievements, leadership, and extracurricular activities
• A detailed motivation letter addressing key career-related questions

For Matriculants

Applicants must meet the following criteria:

• Final Grade 11 results and Grade 12 mid-year results
• National Benchmark Test (NBT) results (if available)
• Final Grade 12 results may be used as a determining factor
• Achieve above 90% in Mathematics
• Strong overall academic performance (A aggregate)
• Comprehensive CV highlighting academics, leadership, and extracurricular activities
• A detailed motivation letter explaining career aspirations

Motivation Letter Requirements

Applicants are required to submit a detailed motivation letter addressing the following:

• In your own words, what does an actuary do?
• Why do you want to study Actuarial Science?
• What qualities make you suitable for this career?
• Why should you be selected as a bursary recipient?
• What alternative career paths would you consider if actuarial science does not work out?

This motivation is a critical part of the application and should clearly demonstrate your passion, understanding of the field, and long-term career vision.

Skills and Attributes

• Exceptional mathematical ability and numerical reasoning
• Strong analytical and problem-solving skills
• High level of discipline and commitment to long-term goals
• Ability to work under pressure and manage demanding academic workloads
• Strong attention to detail and accuracy
• Curiosity and interest in finance, risk management, and data analysis
• Resilience and determination to succeed in a challenging field

Career Path and Long-Term Opportunities

One of the most valuable aspects of this bursary programme is the guaranteed employment opportunity upon successful completion of your studies. This ensures that you are able to transition directly into a professional actuarial role within the organisation.

In addition, Sanlam continues to support bursars as they complete their actuarial board exams, providing both financial and professional support throughout this process. This long-term investment ensures that you are well-positioned to grow into a fully qualified actuary.

Transformation and Diversity

Sanlam is committed to transformation and building a diverse workforce. Bursaries are awarded based on merit while also aligning with the organisation’s employment equity objectives, ensuring inclusive access to opportunities.

Application Process

All applications must be submitted online through the official application platform. Applicants are required to upload all supporting documents and ensure that their application is complete.

It is important to carefully review your application before submission, as incomplete or late applications will not be considered.

Important Information

• Applications must be submitted online only
• No email applications will be accepted
• Late or incomplete applications will not be considered
• If you do not receive feedback by 1 October 2026, please consider your application unsuccessful

Why Apply for This Bursary

This bursary represents one of the most prestigious opportunities available for students pursuing Actuarial Science. It provides a comprehensive support system that includes financial assistance, academic guidance, practical experience, and guaranteed employment.

For students who are passionate about mathematics, problem-solving, and building a career in financial services, this programme offers an unmatched opportunity to succeed in a highly competitive and rewarding field.

How to Apply

If you meet the above requirements and are ready to commit to a challenging and rewarding career in actuarial science, submit your application today. This is your opportunity to gain world-class support, industry exposure, and a clear pathway to becoming a qualified actuary.

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Available Learnerships across South Africa