SARB Master’s in Data Science and Machine Learning Scholarship 2025

The South African Reserve Bank (SARB) is excited to announce the opening of applications for its esteemed Master’s in Data Science and Machine Learning Scholarship for the 2025 academic year. This initiative represents a strategic partnership with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)). Together, they aim to offer competitive bursaries to talented students pursuing advanced studies in data science, machine learning, and artificial intelligence, with a particular emphasis on financial analytics.

Summary

• Scholarship Sponsor: South African Reserve Bank (SARB)
• Host Institution: South African Universities
• Funding Amount: Fully Funded
• Number of Awards: Several Available
• Study Level: Master’s Degree
• Eligibility: South African Students

Importance of the Scholarship

In today’s data-driven world, expertise in data science and machine learning is increasingly essential, especially in sectors like finance. The SARB scholarship aims to cultivate skilled professionals who can leverage data analytics to drive decision-making and innovation within the financial landscape. By providing financial support, the SARB is investing in the future of South Africa’s economy and its ability to adapt to new technological advancements.

Eligibility Criteria

To be considered for the SARB Master’s in Data Science and Machine Learning Scholarship, applicants must fulfill the following criteria:

• Provisional Acceptance: Applicants must have provisional acceptance into one of the identified Master’s programs at a South African university.
• Relevant Modules: The selected modules should encompass topics related to financial analytics to align with the scholarship’s focus.
• Honours Degree: Candidates must hold a relevant Honours degree with an average of at least 65% overall.
• Full-Time Enrollment: Applicants must be registered as full-time students for their Master’s degree.
• Citizenship: Only South African citizens are eligible to apply.
• Age Requirement: Applicants should be under the age of 35 at the time of application.

Application Procedures

How to Apply

Interested and eligible candidates can submit their applications online via here.  It is crucial for applicants to provide all necessary documentation and details to support their application.

Candidates may also be required to attend interviews with potential external bursars as part of the selection process. Successful applicants will need to enter into an agreement with the SARB, ensuring their commitment to the scholarship’s terms and conditions.

Additional Requirements

Bursary recipients are required to submit their examination results by Tuesday, December 31, 2024. This submission is necessary regardless of whether they are awarded a bursary for the subsequent academic year. This requirement helps the SARB maintain its commitment to supporting students in their academic pursuits and ensures accountability among scholarship holders.

For further details and comprehensive information about the scholarship, please visit the official website. This scholarship is a valuable opportunity for aspiring data scientists and machine learning experts to advance their education and contribute to the evolving field of financial analytics in South Africa. Don’t miss out on this chance to shape your future.
Application Deadline: The deadline for submitting applications is December 31, 2024. Interested candidates are encouraged to apply well before this date to ensure they have ample time to gather all required materials and fulfill any additional requirements.