Momentum Metropolitan Bursary 2026 — Actuarial Science and Financial Services
Momentum Metropolitan Holdings is one of South Africa's leading insurance and financial services groups, formed by the merger of Momentum and Metropolitan. The group runs a bursary programme targeting actuarial science, mathematics, data science, finance and technology students.
About the Momentum Metropolitan Holdings Bursary
Momentum Metropolitan was formed in 2010 through the merger of Momentum and Metropolitan Life, two of South Africa's oldest insurance companies. The group provides life insurance, health insurance, asset management and employee benefits across South Africa and several African markets. The Momentum Metropolitan bursary targets top-performing students in quantitative fields, particularly actuarial science. The programme offers mentorship from qualified actuaries and data scientists, paid vacation work and a structured graduate development programme.
What the Bursary Covers
- Full tuition and registration fees
- Annual book and equipment allowance
- Monthly living stipend
- Paid vacation work at Momentum Metropolitan offices
- Access to structured graduate development programme
Eligibility Requirements
- Citizenship: South African citizen or permanent resident
- Study level: Undergraduate or honours level at a South African university
- Fields of study: Actuarial Science, Statistics, Mathematics, Data Science, Finance, Information Technology, Computer Science
- Academic average: Minimum 75% in Mathematics for actuarial science; 65% for other disciplines
- Financial need: Considered alongside academic performance
- Work-back obligation: One year of work-back at Momentum Metropolitan per year of bursary received
When to Apply
Applications open in August and close in October each year. Visit www.momentummetropolitan.co.za for current dates.
How to Apply — Step by Step
- Visit the Momentum Metropolitan careers portal at www.momentummetropolitan.co.za
- Search for the graduate or bursary programme section
- Complete the online application and create a profile
- Attach academic results, ID and other required documents
- Shortlisted candidates complete numerical and verbal assessments online
- Final candidates are invited to interviews at Centurion or Cape Town offices
Documents Required
- Certified copy of South African ID
- Matric certificate with results
- University academic transcript
- Proof of university registration or acceptance
- Motivational letter
- Two reference letters from academic staff
- Proof of household income
Tips and Additional Information
Momentum Metropolitan is one of the few South African companies that funds students through to honours and even master's level in actuarial science. The company's large data analytics and digital transformation teams also offer placements for data science and IT graduates.
Contact Details
- Official website: https://www.momentummetropolitan.co.za
- Email: graduates@momentum.co.za
- Phone: 012 671 8911
- Momentum Metropolitan head office is in Centurion, Gauteng. Metropolitan offices are also based in Cape Town.