Are you aware that the EY (Ernst & Young) accounting firm is inviting students to apply for its 2024 bursary programme? Also, did you know that it is targeted at students studying towards a chartered accounting degree? So, if you are passionate about the accounting field and looking for financial support, EY bursary 2024 is the right opportunity for you.
In this article, we will walk you through everything you need to know about the bursary programme Ernst & Young (EY) offers. We will discuss the eligibility requirements, allowances, online application process and closing date for the Ernst and Young bursary for 2024. So, keep reading to gain more insights!
What is EY Bursary?
Bursary from EY is an initiative by one of the largest multinational professional services firms, Ernst & Young. This company is also part of the “Big Four” accounting firms, assisting businesses, including advisory, tax, financial audit, and consulting services. Moreover, this company offers services across industries, such as Financial Services, Technology, Life Sciences, and more.
Hence, if you are interested in pursuing a career in the field of chartered accountancy, you can apply for EY bursary 2024. It helps reduce your financial burden, allowing you to focus on your studies completely. Moreover, this bursary offers you two types of bursaries based on criteria. Let’s take a look at the types of bursaries EY provides:
- Academic Merit Bursary: EY awards this bursary to students who have demonstrated strong academic performance and results.
- Academic Merit with Financial Need Bursary: This type of bursary from EY is for students with a strong academic record but who are experiencing financial need.
What Allowance Do Learners Get From EY Bursary 2024?
Since the bursary from EY is awarded to students in two categories, the allowance can differ. In other words, the allowance for students receiving the Academic Merit Bursary is different from that for students receiving the Academic Merit with Financial Need Bursary. Want to know about EY bursary allowance in detail? Let’s take a look into it:
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Allowance From Academic Merit Bursary:
Applicants who are awarded the Academic Merit Bursary from EY will receive partial coverage for tuition expenses only. As a result, this helps them focus on their studies and manage their educational costs without the stress of financial burden.
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Allowance From Academic Merit with Financial Need Bursary:
Candidates under this category of the EY bursary 2024 will get an allowance either individually or in combination for the following:
- Tuition fees
- Accommodation
- Books
- Meals
Moreover, upon completing the course, the students will have the opportunity to work for EY on a training contract for a minimum of three years.
Crucial EY Bursary Requirements For the Application
When applying for the EY bursary 2024, you must meet certain eligibility criteria to qualify for this programme. If you do not meet any one of the criteria mentioned below, it can lead to the cancellation of your application. Therefore, before applying for the bursary, you should make sure to cross-check the eligibility requirements and documents requested by the selection panel. So, take a look at each of the requirements and documents to accelerate your chances of getting selected for the bursary programme from EY.
Eligibility Requirements:
- Applicant Must be a South African citizen
- Completed Matric or currently in Matric studies
- Have a strong academic record
- Have obtained a minimum of four A’s in Matric, excluding Life Orientation
- Studying or registered to study towards a Chartered Accountancy degree qualification and an Accounting Honours/ Certificate in Theory in Accounting
- Accepted and/or enroled at a South African Institute of Chartered Accountants accredited University.
- Proven financial need in case you are applying for the Academic Merit with Financial Need Bursary
Documents Required
- ID document
- Grade 11 final report
- Recent Matric report, if currently in Matric or Matric certificate, if already completed Matric
- Recent academic transcript
- Proof of registration
- University Acceptance Letter
- Proof of household income
- Fee quote from your University
- Updated Curriculum Vitae (CV)
- Motivational letter
Know how to write a motivational letter for your bursary.
How to Apply for EY Bursary 2024 Online?
There are key steps you need to follow to apply for the bursary from EY online. The steps for the EY bursary online application are as given below:
- Research and find out all the requirements of the bursary to ensure that you meet all eligibility criteria.
- Gather all necessary documents, including academic transcripts, financial statements, and identification.
- For current university students and Matric students, visit the EY Bursary Application 2024 web pages using Reference 1442531 and 1445160, respectively.
- The next step is to submit all the gathered documents. You can combine the documents into one single PDF document.
- Recheck the documents one last time and submit the application.
It is important to note that those who are shortlisted for this EY bursary 2024 will have to attend an interview to show their suitability for this programme.
Explore the online application process for bursary.
When is the Deadline for EY Bursary Application for 2024?
The application for the bursary by EY for the academic year 2024 was already closed on January 31 for current Matric students and on October 31, 2023 for current university students.
However, the application window for 2025 will soon open in August 2024. That means those who missed the EY bursary closing date have an opportunity to apply for the next academic year. Therefore, you must make sure that you check the official website of EY every now and then to get updates regarding the application opening and closing dates.
Moreover, when applying for the next year, make sure you apply before the deadline. That means if you fail to apply before the closing date, your application will be rejected or disqualified.
Conclusion
With its focus on providing support to learners based on their academic merit and financial need, EY bursary 2024 presents an excellent opportunity for aspiring chartered accountants in South Africa. It not only eases the financial burden of students who are pursuing a career in accounting but also provides them a chance to work for the EY company. Therefore, the students must make sure that they meet eligibility requirements and submit a well-prepared application along with all necessary documents to enhance their chances of getting financial support from EY.
Do you need a fee quote from Regenesys to secure your bursary? All you need to do is to get in touch with our career counsellors. We will provide you with detailed guidance and insights to help you take your first steps towards the bursary application process. So, get the course quotation and study the programme of your choice at Regenesys.
Frequently Asked Questions: EY Bursary 2024
Q1) What types of bursaries does EY offer?
EY offers two types of bursaries. This includes the Academic Merit Bursary for students with strong academic performance and the Academic Merit with Financial Need Bursary for students with strong academic performance and financial need.
Q2) What does the EY bursary cover?
The Academic Merit Bursary from EY partially covers tuition expenses. On the other hand, the Academic Merit with Financial Need Bursary offers coverage for tuition fees, accommodation, books, and meals.
Q3) What documents are required for the bursary application from EY?
The documents required for the bursary application from EY are an ID document, a Grade 11 final report, a recent Matric report or Matric certificate, and an academic transcript. Additionally, candidates must provide proof of registration, a University Acceptance Letter, and proof of household income. Further, they must also submit their fee quote from the University, a curriculum vitae (CV), and a motivational letter.
Q4) What opportunities are available after completing the course with the EY’s Bursary?
Upon completing the course, students can work for EY on a training contract for at least three years.
Q5) What should I do if I missed the application deadline for the 2024 bursary?
If you missed the 2024 deadline, you can apply for the 2025 bursary. Hence, keep an eye on the official EY website for updates on the application opening and closing dates. Moreover, ensure you apply before the deadline to avoid disqualification.
