FirstRand International Postgraduate Scholarships 2024/2025

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WHAT IS A BURSARY?

According to Wikipedia, A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. In return for the bursary the individual is usually obligated to be employed at the institution for the duration as the bursary. According to The Good Schools Guide, a bursary is “usually for helping out the impoverished but deserving and those fallen on hard times.

According to The Hobsons UK Boarding Schools Guide, numerous independent schools have bursary capability, namely grants from the school to help pay education fees. These are usually awarded after a “means test” of family income and are not necessarily dependent on examination performance, although some account of academic ability will be taken. Bursaries may be awarded in addition to scholarships where financial need is demonstrated and the prospective student would otherwise be unable to enter the school.

To obtain such a bursary, it is customary for parents to be asked by the school’s bursar to fill in an application form, giving details of their financial circumstances, supported by documentary evidence, including capital assets. The application will be considered by the school in accordance with its bursary policy. The award will often only remain in force until the pupil has sat the next relevant public examination. Most schools will review bursaries annually to ensure that the justification for an award remains. In Britain any award made before GCSE will not necessarily continue to the A-level stage.

Bursaries are similar to “scholarships” or “prizes“, which are based on performance. These awards are generally given for good performance in the exams preceding university or college entrance in which the student achieves grades above the standard entry. These can be awarded by universities or, sometimes, by companies

THINGS TO KEEP IN MY WHEN APPLYING FOR A BURSARY

A lot of students are usually confused when it comes to scholarship or bursary application. When they have answered the most difficult question of where to start, then the other process becomes seamlessly easy for them. Basically that’s why we have decided to include this post to enable you successfully apply for bursaries especially for this year to aid your academic cause. The following are those important things to note before applying for a bursary.

1. Most bursaries will request for your Latest Academic Record duly signed from your school, your ID document, evidence of tertiary application and most importantly an authentication that you were accepted. Similarly, some bursaries will require you to provide another proof of Guardians or Parent’ source of income and residence. After successfully sorting out these documents, then your next step is to ensure you verify your documents. If you don’t know how to, simply visit any commissioner of oath at a post office, bank or police station.
2. Integrity they say is telling myself the truth while honesty is telling the truth to other people. Honesty is more than not lying. It is truth-telling, truth speaking, truth living, and truth loving. Therefore, you must ensure that whatever information you are providing is the truth and nothing but the truth. Fill all blank spaces with correct data. No legacy is so rich as honesty.
3. A whole lot of students apply for bursaries without having any references at all and in other cases have references that can’t be reached. Most times this is the first step to not getting the bursary you have applied for. If you need the bursary you are applying for and you want it, then go ahead and find references with correct contact addresses.
4. A lot of students also don’t have enough writing skills to win their desired bursary which can prove to be a stone in the neck in the long run. Therefore it is highly advisable that you write a highly convincing and motivational cover letter that will make anyone accessing it believe before he begins to even read it. Things such as why you think you should be awarded the bursary especially more than the other several thousand applying, how you can contribute to society when you have finished your program in school and especially how getting the bursary will be a stepping stone to achieving your dreams and changing your future for good.
5. A lot of students apply for bursaries and go to sleep which is very bad. When you apply for any bursary, ensure you regularly and consistently check your Emails and your phone text messages to be sure you have not or have received a message from those assessing your application.
6. Lastly, ensure you always check for bursary deadlines or closing dates so you can know exactly when to apply.

FirstRand Limited was formed in 1998 as a South African financial services provider, whose products include lending, investments, asset management, insurance and transactional services. Licensed by the South African Reserve Bank (SARB), and headquartered in Johannesburg, FirstRand currently employs over 40 000 staff members.

The FirstRand group was established by a merger between Anglo American Corporation of South Africa Limited (Anglo American plc) and RMB Holdings.

FirstRand will be offering 5 different scholarship awards for international Postgraduate studies, including:

1) FirstRand Laurie Dippenaar Scholarship:

• applicable for any field of study towards a postgraduate qualification
• studies must be completed outside of South Africa at an international university of your choice
• the scholarship is valued at R850 000
• students must return to South Africa for a minimum of 5 years after completing their studies

2) FirstRand Foundation Scholarship:

• for previously disadvantaged students
• applicable for any field of study towards a postgraduate qualification
• studies must be completed outside of South Africa at an international university of your choice
• the scholarship is valued at R850 000
• students must return to South Africa for a minimum of 5 years after completing their studies

3) FirstRand Oxford African Studies scholarship at the University of Oxford:

• applicable for a Masters degree at the African Studies Centre at the University of Oxford
• will be awarded to academically deserving student
• full funding will be awarded to 1 student each year
• students will be housed at Wadham College
• partnership will run for 3 years
• To find out more about the MSc in African Studies and to apply, visit: http://www.africanstudies.ox.ac.uk/msc-african-studies (applications close on 24 January)

4) FirstRand FNB Fund Scholarship for international Masters study in Education at the University of Oxford:

• applicable for a Masters degree at the Department of Education at the University of Oxford
• will be awarded to academically deserving student
• full funding will be awarded to 1 student each year
• students will be housed at Wadham College
• partnership will run for 4 years
• To find out more about the master’s in education and to apply, visit: https://www.ox.ac.uk/admissions/graduate/courses/social-sciences/education?wssl=1 (applications close on 24 January )

5) FirstRand FNB Fund Postgraduate Education Scholarship:

• applicable for a postgraduate qualification in Education
• studies must be completed outside of South Africa at an international university of your choice
• the scholarship is valued at R850 000
• students must return to South Africa for a minimum of 5 years after completing their studies

 SELECTION

The selection process will include the following steps:
1) You will receive an email notification once your application has been received.
2) Your application will be assessed by a minimum of 3 preliminary evaluators from FirstRand, FNB, RMB, TSI and prior scholarship recipients.
3) Approximately 40 applicants will be selected and invited to attend an interview in Cape Town or Sandton.
4) There will be 4 shortlisted candidates selected for the 2 education scholarships – these applicants will be required to attend a final interview in Sandton on 17 April 2020. There will be 10 shortlisted candidates selected for the FirstRand Laurie Dippenaar, FirstRand Foundation international postgraduate and the FirstRand Oxford African Studies scholarship – these applicants will be required to attend a final interview in Sandton on 21 April 2020.
5) A final decision and announcement will be made by the end of June

ELIGIBILITY REQUIREMENTS

Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

1) FirstRand Laurie Dippenaar scholarship:

• South African citizen
• Good academic record
• Intend on studying towards a postgraduate qualification, in any field, at an international university of your choice
• NOT currently or previously been studying overseas
• Possess the following qualities: strong leadership skills, strong personal character, involvement in the community, ability to make a difference in your field of study
• *Preference will be given to students under 35 years of age

2) FirstRand Foundation scholarship:

• South African citizen
• From a previously disadvantaged background
• Good academic record
• Intend on studying towards a postgraduate qualification, in any field, at an international university of your choice
• NOT currently or previously been studying overseas
• Possess the following qualities: strong leadership skills, strong personal character, involvement in the community, ability to make a difference in your field of study
• *Preference will be given to students under 35 years of age

3) FirstRand Oxford African Studies scholarship at the University of Oxford:

• South African citizen
• Been accepted to the University of Oxford, in the MSc in African Studies programme
• Will contribute to South Africa after graduation and returning home
• Possess the following qualities: strong leadership skills, strong personal character, involvement in the community, ability to make a difference in your field of study

4) FirstRand FNB Fund Scholarship for international Masters study in Education at the University of Oxford:

• South African citizen
• Been accepted to the University of Oxford, in the Masters in Education programme
• Will contribute to South Africa after graduation and returning home
• Possess the following qualities: strong leadership skills, strong personal character, involvement in the community, ability to make a difference in your field of study

5) FirstRand FNB Fund Postgraduate Education Scholarship:

• South African citizen
• Good academic record
• Intend on studying towards a postgraduate Education qualification, at an international university of your choice
• NOT currently or previously been studying overseas
• Possess the following qualities: strong leadership skills, strong personal character, involvement in the community, ability to make a difference in your field of study
• *Preference will be given to students under 35 years of age

HOW TO APPLY FOR THE SCHOLARSHIP

Applications must be done online at: https://bursaries.firstrand.co.za/.

Before you can apply, you will need to Register an Account (https://bursaries.firstrand.co.za/Account/Register) and then Login (https://bursaries.firstrand.co.za/Account/Login) and proceed with your application.

Students should also read the following frequently asked questions: https://bursaries.firstrand.co.za/Bursary/Faq
Submit clear copies of the following supporting documentation along with your completed application form (the submission of these documents is compulsory – if any items are missing, your application be disregarded):

• Copy of your ID document
• Photo of face
• Copy of your Matric results
• Minimum of 2 references (people whom you have worked under in an academic setting or in another area of interest). Confidential references can be emailed from the referee to: [email protected] and clearly marked with your name (or can accompany your application form).
• A personal statement explaining why you deserve to be awarded this scholarship (max. 1 000 words)

CLOSING DATE

20 February 2020.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)

CONTACT THE BURSARY PROVIDER

For any queries related to these scholarship programmes, please contact FirstRand directly:
Contact Person: Beth van Heerden
Email: [email protected]

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O3SCHOOLS TEAM