FSCA Study Bursary (Actuarial Science)

1. 1

   Confirm you meet the criteria: SA citizen, currently in Matric with at least an A-symbol for Mathematics, intending to study Actuarial Science, from a previously disadvantaged background and in financial need

2. 2

   Visit the FSCA Careers page at fsca.co.za/Careers and find the current Actuarial Science bursary advert (programme reference ASD 2026 for the 2026 intake; verify the current year's reference)

3. 3

   Apply online through the FSCA mcidirecthire recruitment portal (fsca.mcidirecthire.com) linked from the advert

4. 4

   Upload your latest Matric / Grade 12 results, certified ID copy, and supporting documents for financial need

5. 5

   Submit your application before the closing date (the 2026 intake closed 31 August 2025; closing is typically around late August)

6. 6

   Wait for shortlisting and selection; successful applicants sign a bursary and work-back agreement with the FSCA

7. 7

   Direct any queries to programme contact Sibusiso Mahlaba at sibusiso.mahlaba@fsca.co.za

Frequently Asked Questions

Who qualifies for the FSCA Actuarial Science Bursary?

South African citizens who are currently in Matric (Grade 12), achieve at least an A-symbol for Mathematics, intend to study full-time Actuarial Science at a recognised South African university, come from a previously disadvantaged background, and can demonstrate financial need. Applicants must also be willing to sign a work-back contract with the FSCA.

What does the FSCA bursary cover?

It is a full-cost bursary covering registration and tuition fees, books and study material, internet time, a once-off laptop, accommodation and meals, and monthly living allowances. It also includes experiential learning at the FSCA during vacations (minimum 4 weeks per year) and guaranteed employment at the FSCA on completion of studies.

How and when do I apply for the FSCA bursary?

Apply online through the FSCA mcidirecthire recruitment portal (fsca.mcidirecthire.com), accessed via the FSCA Careers page. It runs on an annual cycle: applications for the 2026 academic-year intake (reference ASD 2026) closed on 31 August 2025, so the deadline window is typically around late August. Always verify the current year's reference and closing date on the FSCA Careers page before applying.

Is this the same as the FSCA bursary for students with disabilities?

No. This Actuarial Science bursary (reference ASD 2026) is a separate scheme from the FSCA's bursary for students with disabilities (reference DIS 2026/29), which covers fields such as Data Science, Business Management, BCom Economics, BCom Finance and LLB.