Nedbank

About Nedbank

Nedbank is one of the largest banking groups in South Africa. Its head office is at 135 Rivonia Road in Sandown, Sandton. The bank serves individuals, businesses and large institutions. Like any big bank, it needs a steady supply of graduates in technical and analytical fields.

Banking has changed quickly. Data, software and digital security now sit at the heart of the work. At the same time, the country is moving toward cleaner energy. Nedbank therefore pays attention to both science and technology skills and to the green economy.

How Nedbank supports students

The Nedbank External Bursary supports undergraduate and honours students in science, technology, engineering and mathematics, known as STEM. It also covers green economy fields. These include studies linked to lower carbon emissions, energy efficiency, pollution reduction and environmental sustainability.

The package is comprehensive. Recent calls describe cover for tuition, prescribed textbooks, accommodation and a monthly living stipend. For a student from a family that cannot pay fees, this can make the whole difference between finishing a degree and dropping out.

Nedbank describes the programme as an investment in the country's skills base. It is not only a recruitment tool. Even so, the bank gains too. It meets talented young people early, and some of them later join its teams.

What to know before applying

Recent calls set clear requirements. You must be a South African citizen, either in matric or already past it. You must plan to study full-time at a recognised public university or university of technology. Mathematics, not Mathematical Literacy, is required, and a minimum average of 65% has been asked for. Your financial need and academic potential are both assessed.

The selection process has included psychometric assessments and virtual interviews. Closing dates have fallen around the end of August for the following academic year. Applications are made online, and the bank lists Unlockyourambition@nedbank.co.za for enquiries.

Many large banks also run graduate programmes, so ask Nedbank what options exist after your degree. Meanwhile, keep your marks strong. A solid result in Mathematics and steady progress in first year will make later job applications easier. Choose a qualification that clearly fits the STEM or green economy focus.

Nedbank generally expects recipients to work for the bank after graduating, for a period linked to the support received. For many students, that is an advantage because it offers a first job and practical experience. However, the exact length and terms are set in your contract, so read it carefully before you sign. If you prefer to keep your options open, discuss this with the bank first.