Old Mutual Accounting Bursary: A Pathway to Excellence in Finance
Old Mutual Accounting Bursary 2025: A Pathway to Excellence in Finance
About Old Mutual
Old Mutual is a leading financial services group in South Africa with a rich heritage spanning over 175 years. The company offers a range of financial products and services, including insurance, asset management, and investment solutions. Old Mutual is dedicated to promoting financial education and empowering individuals to achieve financial independence. As part of its commitment to developing the next generation of finance professionals, Old Mutual offers a range of bursary programs to support students in pursuing their academic and career goals.
Overview of the Old Mutual Accounting Bursary
The Old Mutual Accounting Bursary is aimed at students who are passionate about pursuing a career in accounting or finance. This bursary is designed to provide financial assistance to students who are studying towards a Bachelor of Commerce (BCom) degree with a focus on accounting. By offering this bursary, Old Mutual seeks to cultivate future leaders in the finance sector who are committed to upholding the highest standards of professional excellence and integrity.
Fields of Study Covered
The Old Mutual Accounting Bursary is open to students who are enrolled in or planning to enroll in full-time studies towards a BCom degree with a focus on accounting. The bursary is particularly geared towards students who wish to become Chartered Accountants (CAs) or pursue other professional qualifications in finance and accounting.
Bursary Coverage
The Old Mutual Accounting Bursary provides comprehensive financial support, including:
- Tuition Fees: Full coverage of tuition fees for the duration of the BCom degree program at a recognized South African university.
- Accommodation and Meals: A stipend to cover accommodation and meals, ensuring that students can focus on their studies without financial stress.
- Books and Study Materials: Financial assistance for the purchase of textbooks and other necessary study materials.
- Living Allowance: A monthly allowance to cover other living expenses, allowing students to manage their daily needs effectively.
In addition to financial support, bursary recipients will also benefit from:
- Mentorship: Scholars will be paired with experienced professionals from Old Mutual who will provide guidance and support throughout their academic journey.
- Vacation Work: Opportunities to gain practical work experience during university holidays at Old Mutual, allowing students to apply their academic knowledge in a real-world setting.
- Career Development: Access to workshops, seminars, and networking events aimed at enhancing employability and professional skills.
Eligibility Criteria
To be eligible for the Old Mutual Accounting Bursary, applicants must meet the following criteria:
- South African Citizenship: Applicants must be South African citizens.
- Academic Performance: Applicants must have a strong academic record, with a minimum overall average of 70% in their most recent academic year.
- Enrollment in a Relevant Program: Applicants must be enrolled in or have been accepted to a full-time BCom degree program with a focus on accounting at a recognized South African university.
- Financial Need: Applicants must demonstrate financial need, with preference given to students from disadvantaged backgrounds.
- Commitment to a Career in Finance: Applicants must demonstrate a clear commitment to pursuing a career in accounting or finance, with the intention of becoming a Chartered Accountant (CA) or obtaining a similar professional qualification.
How to Apply
To apply for the Old Mutual Accounting Bursary, follow these steps:
- Complete the Online Application: Visit the Old Mutual website and navigate to the bursaries section to access the online application form for the Accounting Bursary. Complete the form with accurate and up-to-date information.
- Prepare Supporting Documents: Gather and upload the following documents as part of your application:
- A certified copy of your South African ID
- Certified copies of your most recent academic transcripts or results
- Proof of acceptance or enrollment at a recognized South African university in a BCom degree program
- A motivational letter (500 words) explaining why you have chosen to study accounting, your career aspirations, and how the bursary will assist you in achieving your goals
- Proof of financial need, such as income statements or affidavits
- A reference letter from a teacher, lecturer, or community leader supporting your application
- Submit Your Application: Ensure that your completed application form and all supporting documents are submitted online before the closing date.
Selection Process
The selection process for the Old Mutual Accounting Bursary is rigorous and competitive. The selection committee will review all applications based on academic merit, financial need, and the applicant’s commitment to a career in accounting. Shortlisted candidates may be invited for an interview as part of the final selection process.
Successful applicants will be notified in writing and will be required to sign a bursary agreement outlining the terms and conditions of the award. Bursary recipients are expected to maintain a high standard of academic performance and participate in any required work experience opportunities provided by Old Mutual.
Application Deadline
The closing date for applications for the Old Mutual Accounting Bursary is 30 September 2024. Late applications will not be considered, so it is essential to submit your application and all supporting documents before the deadline.
Contact Information
For any queries or additional information regarding the Old Mutual Accounting Bursary, applicants can contact Old Mutual through the following channels:
- Website: Old Mutual Bursaries
- Email: bursaries@oldmutual.com
- Phone: 021 509 9111
- Postal Address: Old Mutual, Mutualpark, Jan Smuts Drive, Pinelands, 7405, Cape Town, South Africa
Additional Opportunities
In addition to the Accounting Bursary, Old Mutual offers various other bursary and scholarship programs aimed at supporting students in different fields of study. Applicants who are not selected for the Accounting Bursary are encouraged to explore these additional opportunities.
Conclusion
The Old Mutual Accounting Bursary offers a valuable opportunity for aspiring accountants to receive financial support and professional development while pursuing their studies. By investing in the education of talented students, Old Mutual is helping to build a stronger, more skilled workforce for the future of South Africa’s finance sector. If you meet the eligibility criteria and are committed to a career in accounting, the Old Mutual Accounting Bursary could be the key to achieving your educational and professional goals.
