An Old Mutual accounting bursary is a type of financial assistance initiative intended to encourage and support young people with a strong desire to work in chartered accounting. The financial industry pioneer Old Mutual provides this bursary to assist future accountants in obtaining the training and experience necessary for success.
Closing date: 30 September 2024
What Does the Old Mutual Accounting Bursary Offer?
The Old Mutual Accounting Bursary is more than just financial support; it’s a comprehensive programme that provides a wealth of opportunities and experiences for its recipients. Here’s what you can expect:
Broad Exposure in Finance
Trainees receive extensive exposure in all spheres of finance as prescribed by the South African Institute of Chartered Accountants (SAICA). This includes:
- Accounting and External Reporting: Learn the fundamentals of financial statements and reporting.
- Management Decision-Making and Control: Gain insights into strategic financial management.
- Financial Management: Understand the principles of managing a company’s finances.
- Risk Management: Learn how to identify, assess, and mitigate financial risks.
- Governance and Taxation: Study the regulations and laws that govern financial practices.
Financial Coverage
The Old Mutual Accounting Bursary covers most of the costs associated with pursuing a degree in accounting, including:
- Tuition Fees: Full coverage at various prestigious universities.
- Accommodation: Residence fees for the duration of your degree.
- Additional Allowances: Book and general allowances to support your studies.
- Travel: One annual return flight home for students studying away from their hometown.
Universities Covered
The bursary is valid at the following institutions:
- North-West University
- Nelson Mandela Metropolitan University
- University of Cape Town
- Rhodes University
- University of Fort Hare
- University of Free State
- University of Johannesburg
- University of KwaZulu-Natal
- University of South Africa (UNISA)
- University of Stellenbosch
- University of Pretoria
- University of the Witwatersrand
- University of the Western Cape
Related: South African Universities with No Application Fees for 2025
Why Apply for the Old Mutual Accounting Bursary?
This bursary is a great opportunity to launch your career in Chartered Accounting. Here are some of the key benefits:
- Vacation Work: Gain practical work experience during your holidays, giving you a head start in your career.
- Incentives for Excellence: The better the quality of your degree, the more incentives you will be offered, encouraging you to excel in your studies.
- Comprehensive Support: From covering tuition fees to providing allowances for books and general expenses, the bursary ensures you have the resources you need to succeed.
Resource Development
Old Mutual is committed to developing and guiding the next generation of accountants. By providing this bursary, Old Mutual not only supports students financially but also offers resources and mentorship to help them thrive.
Watch the video to learn more about how Old Mutual empowers and develops its future accountants.
How to Qualify
To apply for the Old Mutual Accounting Bursary, you must meet the following criteria:
- Citizenship: Must be a South African citizen.
- Academic Performance: Passed matric with at least 70% or Level 6 in all subjects, including Mathematics (not Maths Literacy) and English.
- Commitment: You must commit to Old Mutual’s CA Training Programme, after which you will work for Old Mutual.
How to Apply
To apply for the Old Mutual Accounting Bursary, follow these steps:
- Prepare Your Application: Gather all required documents, including your CV, academic transcripts, and a cover letter.
- Submit Before the Deadline: Ensure your application is submitted before the closing date.
- Follow Up: Keep track of your application status and be ready for any follow-up communications from Old Mutual.
- Click on the link to apply: Apply Here
Related: NBT Tests Dates for 2024 and How to Master Them
Conclusion
A great opportunity for young South Africans who have a passion for money and want to become chartered accountants is the Old Mutual Accounting Bursary. This bursary is a first step towards a promising future in the financial sector because it offers complete financial support, real-world work experience, and a career path at Old Mutual. Put in your application right now to start on the path to a prosperous career in chartered accounting!