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WHAT IS A BURSARY?
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.
- 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.
- 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.
KPMG (Klynveld Peat Marwick Goerdeler) was formed in the year 1987 by a merger between Klynveld Main Goerdeler (KMG) and Peat Marwick International. However, KPMG in South Africa has roots all the way back to 1895 when Alexander Aiken started his Public Accountant and Auditor business in Johannesburg. At the core of KPMG is 2 major firms – Peat, Marwick, Mitchell & Co. and Aiken & Carter.
The international firm offers a range of services including audit, advisory and tax services to global clients. At present, the company has an impressive global employee base of more than 162 000 staff members.
FIELDS COVERED & SERVICE CONTRACT
KPMG have 2 bursary opportunities for students studying towards becoming a SAICA accredited Chartered Accountant, or CAs(SA):
1) The Pure Merit Bursary will be awarded based on academic results alone, for students who don’t need extensive funding
2) The Merit Bursary with Financial Needs will be awarded based on academic results AND financial need, for students who would otherwise not be able to attend university.
Please Note:
- Both of these bursaries will be awarded to students with great academic results.
- Applicants should only apply for ONE bursary award – please do not submit applications for other bursary opportunities.
You should apply for the Merit Bursary with Financial Needs ONLY if you require full student funding and would NOT be able to complete your studies without extra financial support. - The bursary will be awarded on condition that the recipient maintains their academic achievements throughout the duration of study.
On completion of studies, the student will be required to serve a 3 year training contract/ learnership.
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
- Completed Matric OR currently in Matric
- Studying or intend on studying full time towards a SAICA recognised degree
- Studying or intend on studying at a SAICA recognised tertiary institution
- Aim to complete your degree in the minimum number of years
- Matric students: must achieve a minimum of 4 “A” symbols (excluding Life Orientation)
- 1st year tertiary students: must achieve a minimum of 70% for Financial Accounting and a minimum overall average of 65%
- 2nd year tertiary students: must achieve a minimum of 65% for Financial Accounting and a minimum overall average of 65%
- 3rd year tertiary students: must achieve a minimum of 60% for Financial Accounting and a minimum overall average of 60%
- CTA students: must achieve a minimum of 55% for Financial Accounting and a minimum overall average of 50%
HOW TO APPLY FOR THE BURSARY
Download and complete the KPMG Bursary Application Form (.pdf)
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):
- ID document (certified copy)
- Grade 11 final results, if currently in Matric (certified copy)
- Matric certificate, if completed Matric (certified copy)
- Tertiary academic results, if at University (certified copy)
- Curriculum Vitae
- University official fee statement (less than 2 weeks old)
- Statement reflecting extra costs (such as residence if required)
If applying for a Merit with Financial Need bursary, please add:
- Parents/ guardians proof of income (latest payslips if employed/ 3 months bank statements AND utility bill if unemployed)
- Proof of other financial assistance
Applications must be submitted electronically via email to: jhbbursaryapplications@kpmg.co.za
(Insert the words “KPMG Bursary Application – Your Full Name” in the email subject line).
CLOSING DATE
None – submission of applications are open all year round and students are welcome to apply at any time.
CONTACT THE BURSARY PROVIDER
For any queries related to this bursary programme, please contact KPMG directly:
Tel: 011 647 7111
Email: jhbbursaryapplications@kpmg.co.za