Partners Life Actuarial Scholarship

Study area(s): Business and government; Science
Scholarship level: Returning students
Closing date(s): 15 October
Tenure: One Year
Award for: International; Domestic
Number offered: One
Value: $7,500

History and purpose

Partners Life are proud to be a New Zealand operated company. Like many Kiwi companies, we began with humble beginnings as a small start-up in 2011. Since then, we've become a recognised industry leader in life and health insurance. Our actuaries work at the heart of our business and provide valued insights into pricing, valuation, capital management and business strategy. In 2022 we opened our Wellington office, so we can now offer employment opportunities both here as well as our Takapuna site.

Who is eligible?

  • Applicants must be currently studying (undergraduate or postgraduate) at Te Herenga Waka—Victoria University of Wellington.
  • Applicants must be studying Actuarial Science, Data Science, Economics, Finance, Mathematics, Statistics or a similar major.
  • You must be enrolled in a second year (or later) of BSc or BCom, majoring in Actuarial Science and intending to complete the major.

Selection criteria

  • Academic excellence. Applicants should have an A- grade average/GPA of 7 or above.
  • Evidence of strong communication, analytical and problem-solving skills
  • Preference will be given to applicants who are intending to finish their studies in the next year and be studying or have completed the ACTS (Actuarial Science) course.

Open to domestic and international students. Preference will be given to candidates intending to stay and work in New Zealand in the actuarial profession after the completion of their study.

Application process

A completed online application must be submitted by 4.30 pm on the closing date. Late or incomplete applications will not be accepted. Any required supporting documentation (including references) must also be received by 4.30 pm on the closing date in order for the application to be considered.

Applications will normally open one month prior to the closing date. If no application link is provided below, check back again closer to the closing date. Contact us if you have any queries.

Scholarship specific documentation

  • Applicants must submit a written application/covering letter that describes why they want to become an actuary, how their current programme of study supports this, and why they would be the best candidate for this award and any potential internship.
  • Applicants must provide a copy of their CV
  • A reference (to be requested via the online application).

Selection process

Applications will be reviewed by the Programme Director of Actuarial Sciences, Head of School of Mathematics and Statistics, Head of School of Economics and Finance, and the Chief and Appointed Actuary of Partners Life (or their nominees).

Shortlisted candidates will be invited for an interview with representative(s) from Partners Life.

Additional information

  • Student must write a thank you letter to the donor within one month of receiving the scholarship and an end of year progress report.
  • The current years tertiary fees will be paid to the candidate up to the value of $5,000 to $7,500 for the 2025 round (and onwards).
  • The successful recipient may also be offered an internship at Partners Life over the summer break, subject to business requirements to be arranged directly with Partners Life.

Conditions

  1. A completed online application must be submitted by 4.30 pm on the closing date. Late or incomplete applications will not be accepted. Any required supporting documentation (including references) must also be received by 4.30 pm on the closing date in order for the application to be considered.
  2. All offers of the Scholarship will be conditional upon the recipient being fully enrolled in a full-year programme (full time will be at the level of points considered by Studylink as full time) within the stipulated criteria and tenure of the scholarship. No payment of the Scholarship will be made until this condition is met.
  3. The Scholarship cannot be deferred to a later year.
  4. The Scholarship may be held in conjunction with other awards.
  5. Should the recipient withdraw from Victoria University of Wellington during the tenure of this scholarship or fail to achieve satisfactory progress, partial repayment of the Scholarship will normally be expected. Recipients must advise the Scholarships Office if they intend to withdraw.
  6. Recipients are expected to act as Ambassadors for Te Herenga Waka—Victoria University of Wellington and participate in appropriate events or marketing if requested.
  7. At the discretion of the Deciding Authority, the application of the terms and conditions of the Scholarship may be modified in special circumstances or to avoid hardship to any candidate for the Scholarship.

Contact

Scholarships Office
scholarships-office@vuw.ac.nz
Phone 0800 04 04 04