Economics Students and Graduates Can Get Educational Bursaries from Genesis Analytics

Genesis Analytics Educational Bursaries

Genesis-logoThe Genesis Analytics Educational Foundation Trust has been established to help “previously disadvantaged” economics students who need financial assistance finish their degrees or do their honours or masters.

Preference is given to “Indian, Coloured and African candidates,” but Genesis is an “equal opportunity employer” and so anyone who has achieved a consistent average result of at least 65 percent may apply. This complies with the Employment Equity Act of 1998.

Genesis Analytics, formed in 1998 (the same year the act was promulgated), is a consultancy that focuses on advising companies and governments in emerging markets on strategies, competition, development and regulation of, as well as the application of, what is termed behavioural economics. Their clients range from and governmental agencies to banks, law firms and corporations of various types. The educational trust was formed primarily to provide funding for “young, upcoming students from previously disadvantaged communities in South Africa”.

Most economic-based education opportunities are embraced by the workings of the Financial, Accounting, Management, Consulting and other Financial Services Sector Education and Training Authority – the FassetSETA. But there are other SETAs that fall into the realms of economics-related activities, including the Banking SETA – the BankSETA.

Bursaries and Graduate Opportunities from Genesis Analytics

Educational bursaries from Genesis are open to “the brightest and the best” students who are offered the opportunity to work on exciting projects with an extremely diverse scope of opportunities in terms of projects and clients. The company then works closely in teams and helps to provide clear, structured career paths for students that will enable them to forge a future in economics consulting.

The bursaries are open to students:

• Undertaking their last year of a bachelors degree in economics
• Wanting to do either an honours or a masters degree in economics
• Who plan to do a PPE Honours or a Master’s degree

Criteria for eligibility include an achievement pass rate of at least 65 percent for both undergraduate and honours degrees.

How to Apply for Educational Bursaries from Genesis

Genesis Analytics recruits graduates and assesses them for bursaries every August. However it’s not a bad idea for you to start getting your application together if you think that you might fit the mould they are looking for.

You will need:

• A letter of motivation to persuade them that you are a good choice for a bursary
• A resume or curriculum vitae (CV) that gives al the basic information about you and your current education and/or qualifications
• Two letters of reference from reputable people who know you well (a headmaster or headmistress for example)
• Certified copies of all academic records, for all years of study
• Certified copy of your South African identity document
• Copy of an assignment completed during the current academic year (in this case it will be one from 2015)

The Genesis Recruitment Process for Educational Bursaries

There are five stages in the Genesis Analytics recruitment process:

1. Once the application has been received, it is screened to ensure that the required skills, experience and competencies have been met.
2. Applicants are asked to complete a technical case study online.
3. Psychometric assessments of all suitable applicants are conducted online.
4. Promising applicants are interviewed in person.
5. Successful applicants are given an offer of employment with the firm.

While applicants still have nine months before the next set of students will be awarded bursaries, this gives each and every one of them the opportunity to work on the application and get it “right”.

How to Qualify for the Educational Bursaries?

Full details of application is available on its website.

Unique Bursary Opportunities from KPMG for Aspiring Chartered Accountants

KPMG-logoThe international professional services organisation KPMG, offers “unique bursary opportunities” for students aiming to become chartered accountants accredited with the South African Institute of Chartered Accountants (SAICA).

There are two options, a Pure Merit Bursary that is based only on academic achievements and examination results, and a Merit Bursary with Financial Needs that takes both results and financial needs into account. Both offer a three-year training contact that incorporates a good remuneration package and exciting professional challenges.

KPMG, which comprises a global network of firms that provide professional advisory, audit and tax services in 155 countries, is a Swiss-based cooperative. Its South African member is KPMG Services (Pty) Ltd, which operates from its Johannesburg head office.

Requirements for KPMG Audit Bursary Opportunities

Excellent academic results are a must for anyone applying for an audit bursary from KPMG. Those students who do not need “extensive funding” for studies are advised to apply for a Pure Merit Bursary; those who require financial assistance to be able to go to university to study are advised to apply for the other type of Merit Bursary that is specifically for people who have “financial needs”.

Whichever bursary is personally suitable, the criteria that must be met are the same:

• Students should be studying a degree that is recognised by SAICA at a suitable tertiary institution or university (these also need to be SAICA approved).
• Only fulltime students will be considered.
• The degree must be completed in the minimum time period allowed.
• Minimum academic results are specific:
o Academic average for financial accounting must be 65 Percent except in third year where 60 percent is acceptable and for CTA, in which case a 50 percent pass is the minimum
o Total average for the four major subjects – financial accounting, tax, management accounting, and auditing – must be 65 Percent except in third year where 60 percent is acceptable and for CTA, in which case a 55 percent pass is the minimum
• Academic achievement must be consistent throughout the period of study.

In addition, applicants must be able to meet very strict deadlines and they must be able to work under pressure.

Applying for a KPMG Audit Bursary

Only students who are accepted for a KPMG training contract will be considered for an audit bursary. Opportunities are posted on the KPMG website, and students may apply online.

There are currently more than 40 options, with programme starts dates ranging from early next year (2015) to 2020. All are for the External Audit Graduate Programme, with most offering positions as trainee accountant in one of the countries major cities including Pretoria, Johannesburg, Cape Town, Durban, East London, Port Elizabeth, Bloemfontein, Polokwane, Nelspruit and Secunda.

Whichever option you choose, the firm promises to provide trainees with a diverse and exciting experience while they complete their articles. Support structures including in-house board examinations and a team that will do all it can to help make trainees the best possible chartered accountants.

KPMG bursaries are in line with South Africa’s Financial, Accounting, Management, Consulting and other Financial Services Section Education and Training Authority (FassetSETA)

Where to find the application form?

If you would like to take advantage of the bursary opportunities offered by KPMG, apply here for a trainee position.

BDO Offers Bursaries for Students Wanting to Become Chartered Accountants

Bursaries for Students Wanting to Become a Chartered Accountant by BDO

BDO-logo

BDO Spencer Steward South Africa is offering bursaries to Bachelor of Commerce students who are committed to studying chartered accounting. These are available at South African Institute of Chartered Accountants (SAICA)-accredited universities in Durban, Cape Town, Johannesburg and Pretoria.

The criteria set by the company include:

  • You must be a South African citizen.
  • You must have achieved at least 70 percent in matric for Accounting, Maths and English.
  • You must already be studying or at least registered for a B.Comm accounting degree at one of South Africa’s SAICA-accredited universities.
  • You must want to study chartered accounting, with majors in auditing and accounting.

The deal is that if you are granted a bursary by BDO Spencer Steward, you will join the company as a trainee accountant as soon as you get your degree. You will then continue your chartered accountant studies while employed by BDO.

During the period of the bursary, students must also be available to work for the firm during their holidays.

About BDO South Africa

BDO Spencer Steward, which operates in numerous countries internationally, is regarded as a mid-size company in South Africa. Essentially it offers professional accounting and auditing services, as well as business advice. The company prides itself on being able to compete with large firms while still being able to retain the ability to “care” about clients and their needs.

The company also prides itself on keeping advice simple and maintaining an open and transparent relationship with clients.

Corporate responsibility is also top of the list for BDO, and they constantly identify projects within local communities they can become involved in,primarily in terms of funding and support. One national project, Lapdesks, involves the distribution of lapdesks to underprivileged children. These are basically portable desks that can be used on the lap of a child. Thousands of these have been given away since 2007.

BDO Bursaries

Students that are studying or who are registered to study for a South African chartered accountant qualification are invited to apply for BDO bursaries. This means that you must either be registered for a Bachelor of Commerce or equivalent degree at a university that is recognised by the SAICA. They are awarded annually according to academic merit and are limited to fees and a specified allowance for books. There is not a standardised amount available for each student, and the figures differ according to the BDO firm covering the bursary.

Bursaries are renewable each year, but it does depend on academic results, and the pass rate achieved in exams.

Ultimately, the BDO offer is in keeping with the FassetSETA mission that aims to ensure everyone working in the financial, accounting, management, consulting and other financial services sector (FASSET) has the necessary education and training to function effectively within the industry.

How to Apply for Bursaries from BDO

Information that must be supplied includes details of both school and any tertiary education completed. Printouts of results and certified copies of any qualifications and matric results must be supplied.

The applicant is expected to motivate the application and give details of personal achievements and any leadership roles that might be relevant. In addition, the company asks for information about applicants’ interests, extra-curricular activities, as well as hobbies. They want to know how these interests and activities have impacted on different people, and been of benefit.

Applicants are also required to say why they need a bursary to study and why they want to work for BDO Spencer Steward. So if you are planning to apply, you will also need to explain why you are a good candidate for the company and why you are pursuing a career in chartered accounting.

Application forms are available from the BDO website.

BDO has bursary application forms on its website.

BDO Spencer Steward South Africa