, 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 MIND 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.
- 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 parents’ 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.
- 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.
- 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.
- 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.
- 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.
- Lastly, ensure you always check for bursary deadlines or closing dates so you can know exactly when to apply.
The University of Johannesburg was established in 2005 when a merger occurred between the Rand Afrikaans University (RAU), the Soweto and East Rand campuses of Vista University and the Technikon Witwatersrand (TWR).
Below is a list of bursaries specifically for UJ students (current and prospective). See which bursaries are applicable to you and follow the simple instructions on how to apply.
BDO is a global organization with offices in over 150 countries, with more than 50 000 employees. Founded in 1963, BDO now routes its headquarters in Belgium and boasts an annual revenue of USD7.02 billion (according to Wikipedia statistics).
BDO South Africa Incorporated (previously known as BDO Spencer Steward) firm is an accounting, auditing, and business advisory service provider who wishes to help potential Chartered Accounting students to pursue their dream careers, by way of a bursary.
FIELDS COVERED, COVERAGE VALUE & SERVICE CONTRACT
BDO aims to help students reach their dreams of becoming Chartered Accountants. Bursaries will be awarded to those studying towards a Chartered Accountancy qualification.
The bursary will cover all or part of the students’ academic fees and a textbook allowance.
The bursary value will differ between each BDO SA firm. Please note that the bursary is conditional and will only be renewed if the student achieves a pass at the end of the year.
In exchange for a bursary, the successful applicant will be required to work at BDO SA for the equal time of the bursary. Students may also be required to complete vacation work at BDO SA.
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):
- South African citizen
- Currently in Matric OR have completed Matric
- Studying or planning to study towards a Chartered Accountant qualification with majors in auditing and accounting
- Studying or plan to study at a University that offers SAICA (South African Institute of Chartered Accountants) accredited programmes to Honours/ CTA level
- NOT receiving any other bursary award, scholarship or financial assistance with employment or post-training contract employment obligations
- NOT required to complete a training contract with any other professional services firm
Students must also meet the following criteria:
Full Bursary:
Matric students:
- Achieved a minimum “B” in Mathematics Higher grade
- Achieved a minimum “B” in English Higher grade (first or second language)
- Achieved a minimum overall average of 70%
University students:
- Achieved a minimum of 70% in Accounts I
- Achieved a minimum of 70% in Accounts II
- Achieved a minimum of 65% in Accounts III
- 1st and 2nd-year students: achieved a minimum overall average of 70%
- 3rd-year students: achieved a minimum overall average of 65%
Half Bursary:
University students:
- Achieved a minimum of 65% in Accounts I
- Achieved a minimum of 65% in Accounts II
- Achieved a minimum of 65% in Accounts III
- 1st and 2nd-year students: achieved a minimum overall average of 65%
- 3rd-year students: achieved a minimum overall average of 65%
HOW TO APPLY FOR THE BURSARY
Applications must be done online at https://www.bdo.co.za/en-za/careers/students-careers/bursaries
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):
- ID document (certified copy of)
- Matric Certificate, if completed Matric (certified copy of)
- Matric latest results, if currently in Matric
- Tertiary full academic record, if currently at tertiary level
SELECTION PROCESS
The bursary will be allocated to the student who BDO SA feels has the best chance of qualifying for a Chartered Accountant qualification.
The chosen applicant will have a strong academic record and show financial need.
Please note that the successful applicant will be required to work at BDO SA for the equal time of the bursary. Students may also be required to complete vacation work at BDO SA.
CLOSING DATE
31 October
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
CONTACT
For any queries related to this bursary programme, please contact BDO directly:
BDO South Africa Incorporated
Tel: 011 488 1700
Fax: 011 488 1783
Email: bursaries@bdo.co.za
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