ABSA Bank Bursary Program 2016-2017

ABSA bank is an equal opportunity employer and they understand at time we all need support to reach our dreams. Thus, they provide funding for gifted individuals to complete their qualifications and achieve their goals in life. If you are ready to enter the world of banking and all it holds, then they may have a bursary suited for you.

What Does the ABSA Bank Bursary Program Offer?

If you are planning to study in any of the fields pertaining to the banking industry, you may do so once applications are open. Here are some of the fields applicants can consider.

Fields of study:

  • Statistics
  • Actuarial Science
  • Informatics
  • Accounting
  • Mathematical Science
  • Data Science
  • Investment and Risk Management
  • Business mathematics

Costs Covered by Bursary

Bursaries provided by ABSA bank will cover the full tuition fees for selected candidates. These will be paid directly to the Institute of Higher Learning and will be renewed yearly based on the academic achievements of each candidate.

Requirements

Applicants must be a citizen of South Africa and can either be studying towards one of the mentioned fields or have graduated Matric successfully to qualify.

The following criteria will also have to be met:

  • Must hold a valid ID document
  • Must hold a valid Matric
  • Must be prepared to study full time
  • Must have received an 80% academic achievement in their June examination
  • Must not have a criminal record

Post or Undergraduate studies:

  • Must hold a valid ID document
  • Must hold a valid Matric
  • Must be registered at an Institute of Higher Learning
  • Must be studying towards one of the available fields
  • Must not have a criminal record
  • Must hold a 70% minimum academic result

All applicants must not have received any form of funding or another bursary to qualify. All shortlisted candidates will be contacted and may be asked to attend an interview.

How to Apply for This Bursary

Applications for ABSA bursaries can be done online via ABSA’s Website. Candidates can find more information on their Careers Page under the Bursary Tab. Under the Bursary Tab candidates will find two selections, the ABSA Bursary Program and the BMI Bursary Program. Here specific bursaries will be posted once they are open.

Applicants must meet all requirements as stipulated by the bursary information before applying. Applicants in their final year must submit their latest results before the end of January the following year to be eligible. Selected candidates may also be asked to complete training projects or partake in additional skills development activities.

Candidates will be selected in accordance to the companies need and with their employment equity approach. Studies must be completed within the agreed term and per course duration set by the Institute of Higher Learning. Each year funding will be awarded after re-evaluation of the years academic achievements.

Timeframe That Bursary is Open

ABSA bursary applications opens on the 15th of April yearly and closes the 31st of July the same year. All applications must be in before the closing date, as no late applications will be considered. Applications missing documentation, or that are not fully completed will also not be considered. 

Absa will also require successful candidates to sign an employment agreement. This agreement will commence upon completion of each candidates studies and will be for the same duration as the bursary.

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