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Apply now for the South African Reserve Bank (SARB) Scholarship 2026 for Master’s programmes specialising in Data Science, Machine Learning, and Financial Analytics. Full funding for top South African postgraduate students under 35. Closing date: 31 October 2025.
Introduction
The South African Reserve Bank (SARB) invites ambitious South African graduates to apply for its 2026 Master’s Scholarship Programme in Data Science and Machine Learning, with a particular focus on financial analytics.
This fully funded scholarship is designed to build the next generation of data-driven innovators and financial analysts, equipping scholars with the advanced skills needed to tackle real-world challenges in the South African financial system.
Administered in collaboration with the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), this programme combines world-class academic study with industry relevance.
Quick Overview / Programme Info
| Programme Title | South African Reserve Bank Master’s Scholarship 2026 |
|---|---|
| Specialisation | Data Science, Machine Learning, Financial Analytics |
| Funding Type | Full Scholarship |
| Eligible Institutions | Recognised South African universities offering relevant Master’s programmes |
| Application Closing Date | 31 October 2025 |
| Promo Code | SARBDSM26 |
| Academic Year | 2026 |
| Programme Published On | 10 October 2025 |
| Administered By | South African Reserve Bank, in partnership with NGA(MaSS) |
Purpose of the Programme
The SARB Scholarship aims to develop high-level technical and analytical capacity within South Africa’s financial and data sectors.
By sponsoring Master’s students in data science, machine learning, and artificial intelligence, the programme supports the Reserve Bank’s mission to promote financial stability, innovation, and inclusive economic growth.
It further aligns with SARB’s broader social and educational goals — providing opportunities for students from disadvantaged backgrounds to excel in fields essential to the nation’s economic resilience.
Who Should Apply
This scholarship is ideal for high-achieving South African students who demonstrate strong quantitative and analytical ability, a passion for data-driven decision-making, and a desire to contribute to the country’s financial innovation.
You should apply if you:
- Are planning to pursue or have already received provisional acceptance into a Master’s programme in Data Science, Machine Learning, or Financial Analytics at a recognised university.
- Hold a relevant Honours degree (e.g., Mathematics, Statistics, Computer Science, Actuarial Science, Economics, or Engineering).
- Have maintained an average of 65% or above in your Honours studies.
- Are younger than 35 years old and are South African citizens.
- Aspire to work in sectors related to finance, banking, data analytics, artificial intelligence, or quantitative research.
- Value academic excellence, critical thinking, and real-world impact.
If you are driven by the potential of data to shape the economy, the SARB Scholarship will empower you to become a future leader in financial technology and economic analytics.
Key Responsibilities & Outputs
| Responsibilities / Outputs | Details |
|---|---|
| Academic Excellence | Maintain an average of at least 65% in an Honours degree. |
| Financial Analytics Focus | Select modules that include financial analytics topics. |
| Research Development | Undertake a Master’s research project relevant to SARB’s analytical and financial work. |
| Participation | Attend workshops and seminars organised by SARB and NGA(MaSS). |
| Reporting | Submit academic results by 31 December 2025 annually. |
| Previous Stipend (Historical Reference)* | Comparable scholarships in 2024 offered stipends between R120,000 – R180,000 per annum, depending on institution and location. |
Minimum Requirements / Eligibility
Applicants must:
- Have provisional acceptance into an approved Master’s programme.
- Hold a relevant Honours degree with a minimum 65% overall average.
- Be a South African citizen under 35 years of age.
- Register as a full-time student for the 2026 academic year.
- Demonstrate a passion for data analytics, financial systems, and applied research.
Core Competencies & Skills Required
- Advanced numerical and analytical reasoning
- Programming skills (Python, R, SQL, MATLAB)
- Financial modelling and econometrics knowledge
- Research and data visualisation skills
- Strong problem-solving mindset
- Integrity, accountability, and attention to detail
- Ability to adapt and learn continuously
Equity, Diversity & Transformation Commitment
The SARB Scholarship Programme promotes equity, diversity, and transformation by empowering talented students from historically underrepresented backgrounds.
The programme particularly encourages applications from women in STEM, Black South Africans, and students with disabilities, ensuring that the financial sector benefits from a diverse range of voices and perspectives.
How to Apply (Step-by-Step)
| Step | Action |
|---|---|
| Step 1 | Secure provisional acceptance into a relevant Master’s programme. |
| Step 2 | Gather supporting documents: proof of acceptance, academic transcripts, ID, motivation letter, and references. |
| Step 3 | Complete the SARB Scholarship Application Form online. |
| Step 4 | Enter the PROMO CODE: SARBDSM26 when prompted. |
| Step 5 | Submit the full application by 31 October 2025. |
| Step 6 | Attend an interview if shortlisted. |
| Step 7 | Sign the Scholarship Agreement upon acceptance. |
| Step 8 | Submit final academic results by 31 December 2025. |
Possible Career Paths After Completion
Graduates of the SARB Master’s Scholarship are equipped to work in:
- Financial Data Science
- Quantitative Risk Analysis
- Machine Learning Engineering
- Banking Analytics and Fintech
- Economic Modelling and Forecasting
- Central Bank Research and Policy Development
- AI-driven Financial Innovation Projects
- Academic Research and Data Consulting
This scholarship opens doors to leadership roles across the public and private sectors, especially in financial technology, banking, and research institutions.
Call to Action
If you are ready to shape the future of South Africa’s data-driven financial landscape, the SARB Master’s Scholarship 2026 is your gateway to opportunity.
Apply today to receive full financial support, professional mentorship, and the chance to contribute to national economic innovation.
Deadline: 31 October 2025
Promo Code: SARBDSM26
Apply Online: SARB Scholarships Portal
Useful Links
- South African Reserve Bank Official Website
- National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS))
- SARB Careers Portal
- Apply Online – SARB Scholarship Portal
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Apply now for the South African Reserve Bank (SARB) Scholarship 2026
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