Master's in Data Science and Machine Learning Scholarship 2027

The South African Reserve Bank (SARB) is inviting prospective Master’s degree in Data Science and Machine Learning students to apply for a full scholarship for the 2027 academic year.

What the South African Reserve Bank does

The SARB serves the economic well-being of all South Africans through maintaining price stability and financial stability. It is responsible for regulating the South African financial sector, designing and distributing banknotes and coin, managing interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.

The purpose of the scholarship

The SARB, as part of addressing the severe shortage of skills in South Africa, provides scholarships and bursaries to students in relevant fields of study who are from disadvantaged backgrounds. In support of the corporate social initiatives of the SARB and its External Bursary Scheme, a number of external scholarships and bursaries are made available annually to qualifying prospective postgraduate students. The SARB, in collaboration with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), hereby invites prospective Master’s degree students to apply for competitive SARB bursaries in the fields of data science, machine learning and artificial intelligence, with specific reference to financial analytics.

• Table of Content
• About South African Reserve Bank
• Master's in Data Science and Machine Learning Scholarship Master's Scholarship
• Aim and Benefits of Master's in Data Science and Machine Learning Scholarship Master's Scholarship
• Master's in Data Science and Machine Learning Scholarship Master's Scholarship Courses
• Requirements for Master's in Data Science and Machine Learning Scholarship Master's Scholarship Qualification
• Application Deadline
• How to Apply

Master's in Data Science and Machine Learning Scholarship Master's Scholarship

Aim and Benefits of Master's in Data Science and Machine Learning Scholarship Master's Scholarship

• Fully Funded

Master's in Data Science and Machine Learning Scholarship Master's Scholarship Courses

• Data Science
• Data Science and Machine Learning
• machine learning

Requirements for Master's in Data Science and Machine Learning Scholarship Master's Scholarship Qualification

For students to be considered for the scholarship, they must meet the following requirements:

• have provisional acceptance into one of the identified Master’s programmes;
• have selected modules that should include financial analytics topics;
• have a relevant Honours degree with an average of at least a 65% overall pass mark;
• be a full-time student;
• be a South African citizen; and
• be younger than 35 years of age.

As part of the acceptance criteria of the scholarship, students might be expected to attend specific workshops, as required by the SARB and the NGA(MaSS).

Application Deadline

How to Apply

• Examination results, proof of acceptance at a recognised institution (a student number) and any other supporting documents must be submitted with the application.
• Use PROMO CODE: SARBDSM27
• Bursary holders will be required to submit their examination results before Thursday, 31 December 2026, regardless of whether they will be awarded a bursary for the following year or not.

For more information, kindly visit SARB scholarship webpage.