Are you a bright, ambitious student dreaming of a career in finance, investment, or economics? Then the Old Mutual Investment Group Imfundo Trust Scholarship could be exactly what you need to turn that dream into reality.
This bursary is not just about funding your studies; it’s a pathway to mentorship, networking, and career opportunities within one of South Africa’s leading financial institutions. In this guide, we’ll break down everything—from eligibility requirements to application tips—so you can submit a strong, winning application.
About Old Mutual Investment Group
The Old Mutual Investment Group (OMIG) is part of Old Mutual, a prestigious financial services company that has been operating in South Africa and beyond since 1845. OMIG specializes in investment management, focusing on long-term value creation for clients through responsible investing.
The Imfundo Trust Scholarship reflects OMIG’s commitment to empowering young South Africans by investing in education and professional growth.
What is the Imfundo Trust Scholarship?
The Imfundo Trust Scholarship is a bursary funded by OMIG to support black South African students pursuing degrees in finance, investment, and related fields.
“Imfundo” means education in isiZulu, which is fitting because this bursary’s mission is to open doors for talented students who face financial challenges.
This scholarship aims to produce the next generation of investment professionals, economists, and financial leaders in South Africa.
Eligibility Criteria – Who Can Apply?
To qualify for the Imfundo Trust Scholarship, you must meet the following criteria:
- Be a South African citizen
- Be black (African, Coloured, or Indian) according to BBBEE standards
- Be registered or planning to register at a South African university for full-time study
- Pursue a degree in one of these areas:
- Finance
- Investment Management
- Economics
- Accounting
- Actuarial Science
- Law (with a focus on finance or investment)
- Maintain a minimum academic average of 65%
- Be from a financially disadvantaged background
Meeting these requirements is just the first step—what you submit in your motivation letter and interviews can make all the difference.
What Does the Scholarship Cover?
The Imfundo Trust Scholarship is a comprehensive bursary that takes care of your financial needs so you can focus on your studies. Benefits include:
- Tuition Fees – Paid directly to your university.
- Accommodation – On-campus or approved private housing.
- Textbooks and Learning Materials – Covers all prescribed study resources.
- Living Allowance – Helps with daily expenses like transport, food, and stationery.
- Mentorship & Networking – Guidance from experienced finance professionals.
This scholarship doesn’t just fund your studies—it prepares you for a career in investment and finance.
Why the Scholarship is Unique
What sets the Imfundo Trust Scholarship apart from other bursaries is the career pathway it offers. Recipients gain access to internships, graduate programs, and mentorship opportunities within Old Mutual Investment Group.
This means your bursary could lead directly to employment, giving you a head start in South Africa’s competitive financial sector.
How to Apply – Step by Step
Here’s a straightforward guide to applying for the Imfundo Trust Scholarship:
Step 1: Gather Your Documents
Make sure you have:
- Certified copy of your ID
- Certified copies of academic transcripts
- Proof of university registration or acceptance
- Household income documents (affidavit or salary slips)
- A motivation letter detailing why you deserve the scholarship
(Check our tips for writing a standout motivation letter here: Bursaries Mzansi Motivation Guide.)
Step 2: Submit Your Application Online
Applications are usually submitted via Old Mutual’s careers and scholarships portal:
Old Mutual Careers Portal
Step 3: Shortlisting & Interviews
If shortlisted, you may be called for an interview. This is your chance to demonstrate your passion for finance, leadership skills, and career goals.
Step 4: Final Selection
Successful applicants will be notified via email or phone. Once you accept the offer, you’ll sign a bursary contract and begin your journey with Old Mutual support.
Key Dates for 2025 Applications
While dates may change slightly each year, applications usually open around June/July and close by September.
Keep an eye on:
Tips to Maximise Your Chances
Applying is one thing—but standing out is another. Here’s how to increase your chances:
1. Show Leadership & Initiative
Scholarship committees value students who demonstrate leadership in school, community projects, or clubs.
2. Highlight Your Passion for Finance
Include any finance-related competitions, online courses, or personal investment projects in your application.
3. Maintain Excellent Academic Performance
Keep your grades high, especially in relevant subjects.
4. Write a Convincing Motivation Letter
Explain why you deserve the bursary, how it will impact your future, and how you plan to contribute to South Africa’s financial sector.
5. Apply Early
Submit your application as soon as possible to avoid missing deadlines and to demonstrate your organization skills.
Why Finance Scholarships Matter in South Africa
South Africa’s financial sector is competitive and constantly evolving. Scholarships like the Imfundo Trust provide talented students from disadvantaged backgrounds with access, education, and mentorship, helping to diversify and strengthen the workforce.
For more opportunities in finance, check out our list of Finance Bursaries in South Africa.
Frequently Asked Questions (FAQ)
Q1: Can I apply if I’m in my first year?
Yes, first-year students are welcome to apply if they meet the eligibility criteria.
Q2: Do I have to work for Old Mutual after graduation?
Not necessarily, but bursary recipients often gain access to graduate programs within the company.
Q3: Is the scholarship renewable?
Yes, as long as you maintain the required academic performance.
Conclusion
The Old Mutual Investment Group Imfundo Trust Scholarship is more than financial aid—it’s a career accelerator. It provides not only tuition and living expenses but also mentorship, networking, and potential job opportunities.
If you’re passionate about finance, economics, or investment, this bursary could be the stepping stone to your dream career. Start preparing your documents, craft a compelling motivation letter, and apply early.
