The South African Reserve Bank (SARB) invites prospective Master’s degree students specializing in Data Science and Machine Learning to apply for a full scholarship for the 2025 academic year. This scholarship is targeted at students focusing on financial analytics.
For more details about the SARB, visit their official website at www.resbank.co.za.
What the South African Reserve Bank Does
The SARB plays a vital role in safeguarding the economic well-being of all South Africans by ensuring price stability and financial stability. Its responsibilities include:
- Regulation of the financial sector in South Africa.
- Designing and distributing banknotes and coins.
- Managing interest rates.
- Setting the cash reserve requirement for banks.
- Ensuring the stability of the banking sector and the wider financial system.
Purpose of the Bursary
The SARB aims to address the shortage of skills in South Africa by offering scholarships and bursaries to disadvantaged students in relevant fields of study. This initiative is part of SARB’s corporate social responsibility and its External Bursary Scheme.
In collaboration with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), the SARB offers scholarships to students pursuing Master’s degrees in Data Science, Machine Learning, and Artificial Intelligence, with an emphasis on financial analytics.
Requirements to Qualify for the Scholarship
To be eligible for the SARB Master’s scholarship, students must meet the following criteria:
- Provisional acceptance into one of the identified Master’s programmes.
- Selected modules must include financial analytics topics.
- Must hold a relevant Honours degree with an average pass mark of at least 65%.
- Be a full-time student.
- Must be a South African citizen.
- Be younger than 35 years of age.
Successful applicants may be required to attend specific workshops organized by the SARB and NGA(MaSS) as part of the scholarship acceptance.
Apply Now
Prospective students are encouraged to apply for this prestigious opportunity to further their studies in Data Science and Machine Learning, with a focus on financial analytics, by enrolling in one of the identified Master’s programmes for the 2025 academic year.