Education is a powerful tool that opens doors to countless opportunities, and in South Africa, the Standard Bank Group has long been committed to empowering young minds through its bursary programs. The Standard Bank Group Bursary Programme aims to support academically talented students, particularly in the fields of Agriculture, Commerce, Engineering, Mathematics, Science, Statistics, Technology, and emerging areas such as Behavioural Economics.
With a focus on shaping the next generation of African talent and leaders, this bursary offers more than just financial assistance—it provides a pathway for students to achieve their academic dreams and contribute to Africa’s growth.
About the Standard Bank Group Bursary Programme
The Standard Bank Group Bursary is a full-cost bursary that covers a wide range of study-related expenses. The programme is designed for both undergraduate and postgraduate students pursuing degrees in disciplines that align with the bank’s strategic priorities and the broader needs of the continent. This bursary is an investment in the future of South Africa and Africa, fostering the development of skilled professionals who will drive economic progress and innovation.
The bursary programme is a part of Standard Bank’s commitment to nurturing young African talent and creating a sustainable talent pipeline in industries that are critical for the region’s growth and development.
Eligibility Criteria: Who Can Apply?
There are two main categories for the bursary: Undergraduate and Postgraduate. Each category has its specific criteria that applicants must meet.
Undergraduate Bursary Criteria
The Standard Bank Group Undergraduate Bursary is designed for students who are entering their second year of study. Applicants should have completed their first year of study and must meet the following minimum requirements:
- Academic Performance: A minimum average of 65% or above in the latest examinations.
- Full-time Study: Applicants must be registered for full-time undergraduate studies at a public South African institution of higher learning.
- Psychometric Evaluation: Applicants will undergo a formal assessment process, including psychometric testing and interviews.
- Financial Need: Preference is given to students who demonstrate financial need.
The focus areas for the undergraduate bursary include Agriculture, Commerce, Engineering, Mathematics, Science (Actuarial, Analytics, Business, Computer, Data, Information), Statistics, Technology (Financial, Information), and Behavioural Economics (Economics, Behavioural Finance, Sociology, Psychology, Neuroscience).
Postgraduate Bursary Criteria
The Standard Bank Group Postgraduate Bursary is available for students pursuing a Master’s degree in the same fields of study. The following criteria apply:
- Academic Performance: Applicants must have achieved an average of 65% and above in their previous studies.
- Full-time Study: Applicants must register for full-time postgraduate studies at a public South African institution of higher learning.
- Psychometric Evaluation: As with the undergraduate bursary, applicants will undergo psychometric testing and an interview.
- Financial Need: Financial need is a critical component in the selection process, with preference given to students who require financial assistance.
What the Bursary Covers
The Standard Bank Group Bursary is a full-cost bursary, meaning it covers all the necessary study-related expenses, ensuring that students can focus on their academic goals without worrying about financial constraints. The bursary fund covers:
- University Fees: All tuition fees for the duration of the course of study.
- Accommodation: The cost of university residence accommodation or private accommodation (subject to limits and conditions).
- Meals: Meals provided by the university or a self-catering option.
- Books and Study Materials: Necessary study materials, including textbooks.
- Laptop: A laptop to support academic work.
- Monthly Stipend: A monthly allowance to cover other living costs, such as transport, food, and personal expenses.
- Transport Costs: The bursary also covers transport expenses, allowing students to travel between home and campus up to four times per year, with a bus ticket provided for each trip.
How to Apply for the Bursary
To apply for the Standard Bank Group Bursary, applicants need to follow a structured application process. The application portal is hosted by StudyTrust on their online platform. Here are the steps:
- Visit the Application Page: Go to the StudyTrust online platform to start your application.
- Register and Provide Information: Applicants will be required to fill out personal and academic information and upload necessary documents.
- Upload Supporting Documents:
- Certified copy of your ID.
- Proof of all academic results to date, including your Grade 12 certificate (for undergraduate applicants) or your full tertiary academic record (for postgraduate applicants).
- Proof of combined household income, to verify financial need.
- Complete the Formal Assessment: All applicants must undergo a psychometric evaluation, and selected candidates will be invited for interviews as part of the selection process.
- Application Deadline: The bursary application period opens on 1 May and closes on 30 September each year.
Key Dates and Deadlines
- Application Open: 1 May
- Application Deadline: 30 September
- Bursary Award Notification: Successful candidates will be informed after the selection process.
Selection Process and Additional Requirements
In order to be considered for the bursary, applicants must demonstrate not only academic excellence but also leadership potential and a strong sense of responsibility. The bursary fund is highly competitive, and the selection process includes multiple stages, including psychometric assessments and interviews.
Applicants are expected to be well-rounded individuals who not only excel in their studies but also contribute positively to their communities and demonstrate leadership qualities. Financial need is a key factor in the selection process, ensuring that the bursary benefits those who require financial assistance to complete their studies.
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The Standard Bank Group Bursary Programme represents a significant opportunity for South African students to pursue higher education without the burden of financial constraints. By investing in the education of young people in critical fields such as Agriculture, Commerce, Engineering, Mathematics, and Behavioural Economics, Standard Bank is helping to shape the future of Africa, one student at a time.
With a focus on both academic excellence and the development of well-rounded, capable leaders, the Standard Bank Bursary is not just about funding studies—it’s about fostering the next generation o