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The Liberty Actuarial Bursary Program is one of the best options for students who want to become actuaries in South Africa. Liberty Group, a major financial services company offering life insurance, investment, and retirement solutions, runs this bursary to support talented young people studying Actuarial Science. It provides full funding from your second year of study, plus extra support like vacation work and networking. This helps you focus on your degree and build a career in a high-demand field where actuaries help manage financial risks for companies and people.https://www.liberty.co.za/careers
Quick Summary of the Liberty Actuarial Bursary Program
| Bursary Name | Liberty Actuarial Bursary Program |
|---|---|
| Company / Organization | Liberty Group Limited |
| Fields Covered | Actuarial Science (full-time undergraduate degree at ASSA-accredited South African university) |
| Who Can Apply | South African citizens by birth or descent, full-time students from 2nd year onwards, strong academics (65%+ overall, 65%+ in mathematical/actuarial modules), leadership/extracurricular involvement |
| Closing Date | 30 August 2025 (closed for 2026; next cycle for 2027 opens June 2026) |
| How to Apply | Online via Liberty careers portal (liberty.co.za/careers) |
Table of Contents
- Bursary Overview
- Who the Bursary is For
- Fields of Study Covered
- What the Bursary Covers
- Eligibility Requirements
- Required Documents
- Step-by-Step How to Apply
- Closing Date
- Selection Process
- Frequently Asked Questions
- Important Notes & Warnings
- Related Searches Section
Liberty Actuarial Bursary Program Overview
The Liberty Actuarial Bursary Program gives full financial support to students studying Actuarial Science from their second year of university. Liberty Group is a leading financial services provider in South Africa, offering life insurance, investments, and retirement solutions. Actuaries at Liberty help price insurance policies, manage risks, and plan for the future using math and statistics. This bursary helps build more actuaries to meet industry needs, especially since South Africa has a shortage of qualified professionals in this field.
The bursary covers everything you need to study successfully. It includes tuition, accommodation, meals, and a travel allowance where needed. You also get networking opportunities, support from Liberty mentors, and vacation work during breaks. This practical experience helps you apply what you learn in class and prepares you for the job market. Best of all, successful bursary holders get guaranteed employment with Liberty once they complete their studies and qualify as actuaries.
Why is actuarial science important? Actuaries use numbers to solve real problems, like how much insurance should cost or how to invest money safely. South Africa needs more actuaries to help companies and people manage risks from things like illness, accidents, or retirement. Liberty’s bursary makes it easier for talented students to enter this rewarding career. It is competitive, but if you have strong marks and love math, this could be your path.http://liberty.co.za/careers
The program shows Liberty’s commitment to developing local talent. They partner with universities accredited by the Actuarial Society of South Africa (ASSA) to ensure high-quality education. Many past bursary students have become successful actuaries at Liberty and other firms. This bursary is not just money – it is a full career launchpad with support every step of the way.
Who the Liberty Actuarial Bursary Program is For
The Liberty Actuarial Bursary is for South African citizens by birth or descent who are full-time students studying Actuarial Science. It starts from your second year of university and continues through your degree.
It is perfect for academically strong students who want a career in finance and risk management. Liberty looks for people with leadership skills and involvement in extracurricular activities like sports, arts, or community work. The bursary helps those who might need support to continue their studies.
If you are passionate about maths, statistics, and helping people plan for the future, this bursary is designed for you. For more actuarial or finance options, see Closing Soon.
Fields of Study Covered by the Liberty Actuarial Bursary Program
The Liberty Actuarial Bursary covers only Actuarial Science degrees. These are full-time undergraduate programs at universities accredited by the Actuarial Society of South Africa (ASSA). The degree prepares you for professional actuarial exams and a career in insurance, investments, or consulting.
Examples include Bachelor of Science in Actuarial Science or similar programs. It does not cover other commerce fields unless directly actuarial. For more finance or commerce bursaries, check Commerce Bursaries.
What the Liberty Actuarial Bursary Program Covers
The Liberty Actuarial Bursary is comprehensive and covers:
- Full tuition fees
- Accommodation
- Meals
- Travel allowance (where applicable)
- Books and study materials
- Mentoring and support
- Networking opportunities
- Vacation work during breaks
It provides full funding so you can focus on your studies and actuarial exams. Successful students also get guaranteed employment with Liberty after completing their qualification.
Who Qualifies for the Liberty Actuarial Bursary Program
To qualify:
- South African citizen by birth or descent
- Enrolled full-time in Actuarial Science at an ASSA-accredited South African university
- From second year or higher
- Maintain continuous excellent academic performance (overall average above 60%, 65%+ in mathematical and actuarial modules)
- Leadership skills and extracurricular participation (sports, arts, literature) are an advantage
Required Documents when applying for the Liberty Actuarial Bursary Program
When applying:
- Certified copy of ID
- Matric certificate and latest university results
- Proof of registration or acceptance
- Other documents as requested on the Liberty careers portal
Step-by-Step How to Apply for the Liberty Actuarial Bursary Program
- Go to the Liberty careers page: liberty.co.za/careers
- Look for Actuarial Bursary section (opens in June for next year)
- Register and complete the online application form
- Upload required documents
- Submit before the deadline
- Wait for feedback
When Does the Liberty Actuarial Bursary Program closes
30 August 2025 (closed for 2026 intake). Applications for 2027 will open in June 2026.
Selection Process for the Liberty Actuarial Bursary Program
Liberty reviews applications based on academic performance, motivation, and fit for actuarial career. Shortlisted candidates may get interviews or assessments.
Frequently Asked Questions when applying for the Liberty Actuarial Bursary Program
What if I am in first year?
You can apply from second year onwards.
Do I have to work for Liberty?
Yes – guaranteed employment after qualifying.
What marks do I need?
65%+ in actuarial/maths modules, 60%+ overall.
Is it only for Actuarial Science?
Yes – focused on that field.
Contact?
Via Liberty careers site.
Important Notes & Warnings When applying for the Liberty Actuarial Bursary Program
- Applications closed for 2026; next opens June 2026.
- ASSA-accredited universities only.
- Use official Liberty site only – avoid scams.
- Maintain high marks or risk losing funding.
- Leadership/extracurriculars give advantage.
Related Searches Section
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