Old Mutual Careers 2025: Complete Guide to Jobs, Salaries & Application Process
Ready to join one of South Africa's most trusted financial services companies? Discover exciting career opportunities, competitive salaries, comprehensive benefits, and clear growth pathways at Old Mutual—from graduate programs to executive roles across banking, insurance, and investments.
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Contents
- Why Work at Old Mutual?
- Current Job Opportunities
- Old Mutual Salary Guide 2025
- Application Process & Requirements
- Interview Process & Tips
- Graduate Programs & Early Career
- Career Growth & Development
- Company Culture & Benefits
- Tips for International Candidates
- How to Stand Out as a Candidate
- Where to Find Old Mutual Jobs
- FAQs
Why Work at Old Mutual?
Old Mutual stands as South Africa's premier financial services employer, offering stability, growth, and meaningful career opportunities across banking, insurance, and investment management. With 179 years of heritage and operations across 14 African countries, Old Mutual provides a platform for both local and international career development.
Company Overview & Market Position
Old Mutual Limited maintains its position among South Africa's leading financial services companies, with over 30,000 employees globally and R1.461 trillion in funds under management. The company's 2024 financial results show adjusted headline earnings up 14% to R6.68bn, demonstrating solid stability for employees.
- Founded 179 years ago in Cape Town, making it one of Africa's oldest financial institutions
- JSE-listed company with strong market capitalization and dividend growth
- Four core business divisions: Life & Savings, Property & Casualty, Asset Management, and the upcoming OM Bank
- Major strategic initiative: R2.8bn investment in digital banking through OM Bank launch in Q2 2025
Why Choose Old Mutual?
- Job Security: Established company with consistent performance and growth trajectory
- Comprehensive Benefits: Including medical aid, pension fund, study assistance, and flexible working arrangements
- Career Development: Extensive graduate programs, internal mobility, and international opportunities across 14 countries
- Meaningful Impact: Contributing to financial inclusion and economic development across Africa
Interested in other leading financial institutions? Explore opportunities at Capitec Bank, Standard Bank, or Investec for comparison.
Current Job Opportunities at Old Mutual
Old Mutual demonstrates robust hiring activity with 566 active LinkedIn job postings as of July 2025, spanning multiple business divisions and experience levels. The company's digital transformation and OM Bank launch create particularly strong demand for technology and financial services professionals.
Sales & Distribution Roles
The largest hiring category, with Old Mutual's Personal Financial Advice division employing over 2,500 advisers across South Africa:
- Financial Advisors: Providing comprehensive financial planning and investment advice
- Sales Consultants: Developing client relationships and promoting financial products
- Relationship Managers: Managing high-net-worth client portfolios
- Branch Managers: Leading local sales teams and operations
Note: All advisory roles require FAIS (Financial Advisory and Intermediary Services) compliance.
Technology & Digital Transformation
High-growth area driven by Old Mutual Technology Solutions and OM Bank development:
- Software Developers: Java, C#, Python, and mobile app development
- Data Analysts: Business intelligence, SQL, and analytics platforms
- Cybersecurity Specialists: Information security and risk management
- Cloud Engineers: AWS, Azure, and infrastructure modernization
- Digital Product Managers: Leading digital customer experience initiatives
Finance & Accounting
- Financial Analysts: Supporting business decision-making and reporting
- Actuaries: Risk assessment and product pricing (critical skills shortage)
- Management Accountants: Financial planning and analysis
- Compliance Officers: Regulatory adherence and risk management
Investment Management
Through Old Mutual Investment Group:
- Portfolio Managers: Managing investment funds and strategies
- Investment Analysts: Research and market analysis
- Fund Managers: Overseeing specific investment products
- Client Relationship Managers: Institutional client management
Corporate Functions
- Human Resources: Talent acquisition, employee relations, learning & development
- Marketing & Communications: Digital marketing, brand management, PR
- Legal & Compliance: Legal counsel, regulatory compliance, audit
- Operations: Claims processing, underwriting, customer service
For broader career opportunities in South Africa, explore our comprehensive guides on jobs in Johannesburg or check our career blog for industry insights.
Old Mutual Salary Guide 2025
Old Mutual offers competitive compensation packages that balance market-related salaries with comprehensive benefits. Based on PayScale data and Glassdoor insights, here's what you can expect to earn at Old Mutual in 2025:
Experience Level | Role Examples | Annual Salary Range (ZAR) |
---|---|---|
Entry-Level | Graduate Trainees, Junior Analysts, Financial Advisors | R180,000 - R350,000 |
Mid-Level | Business Analysts, Senior Advisors, Team Leaders | R350,000 - R650,000 |
Senior Level | Senior Managers, Department Heads, Specialists | R650,000 - R1,200,000 |
Executive Level | General Managers, Directors, C-Suite | R1,200,000+ |
Specific Role Salary Ranges
- Financial Advisors: R123,883 - R717,027 (base + commission)
- Business Analysts: R341,409 average
- IT Professionals: R494,872 - R496,076 for Senior roles
- Actuaries: Up to R1,920,000 for qualified professionals
- Management Roles: R691,214 - R834,699 average
Comprehensive Benefits Package
Old Mutual's Old Mutual Staff Medical Aid Fund (OMSMAF) provides exclusive employee benefits:
- Medical Aid: Comprehensive coverage with company contributions
- Pension Fund: SuperFund participation with employer matching
- Study Assistance: Financial support for further education and certifications
- Performance Bonuses: Quarterly and annual incentive payments
- Flexible Working: Remote work options and flexible hours
- Leave Benefits: Annual, sick, study, and family responsibility leave
Commission Structures for Sales Roles
Financial advisors and sales professionals typically earn:
- Base Salary: R120,000 - R300,000 annually
- Commission: 0.1% to 2% of Assets Under Management
- Trail Commissions: Ongoing payments from client portfolios
- Performance Incentives: Quarterly and annual bonuses based on targets
Compare these salaries with other major employers like Sanlam or ABSA to understand your market value.
Application Process & Requirements
Old Mutual uses Workday as its primary application platform, streamlining the recruitment process while ensuring comprehensive candidate evaluation. Here's your step-by-step guide to applying successfully:
Step-by-Step Application Process
- Create Your Profile: Register on the Workday portal with complete personal details
- Upload Your CV: Ensure it's tailored to the specific role (use our free CV builder for best results)
- Complete Application Form: Detailed questionnaire including embedded interview questions
- Submit Required Documents:
- South African ID or work permit
- Academic transcripts and certificates
- Professional qualifications and certifications
- Reference contact details
- Assessment Phase: Online tests and competency evaluations
- Interview Rounds: Typically 2-3 stages with different stakeholders
- Background Checks: Reference verification and security clearance
- Job Offer: Contract negotiation and final approval
Timeline Expectations
The complete process typically takes 3-6 months from application to job offer:
- Initial Screening: 1-2 weeks after application deadline
- Assessment Center: Usually scheduled within first 3 months of year
- Final Interviews: 2-4 weeks after assessments
- Job Offer: 1-2 weeks after final interviews
General Requirements
- Education: Relevant tertiary qualifications (requirements vary by role)
- Work Authorization: South African citizenship or valid work permit
- Language Skills: Proficiency in English; additional African languages advantageous
- Background Checks: Clean criminal record and credit checks for financial roles
Need help with your application? Check our comprehensive guide on writing the perfect CV for South Africa to maximize your chances of success.
Interview Process & Tips
Old Mutual's interview process is comprehensive, designed to assess both technical competencies and cultural fit. Based on insights from JobTestPrep and Glassdoor reviews, here's what to expect:
Assessment Components
- Online Ability Tests: Numerical, verbal, and abstract reasoning assessments
- OPQ (Occupational Personality Questionnaire): 32 personality traits evaluation over 20-60 minutes
- Technical Assessments: Role-specific skills testing (coding, financial modeling, etc.)
- Assessment Centers: Group exercises, case studies, and individual presentations
Interview Structure
Round 1: HR & Line Manager Interview
- Company knowledge and motivation assessment
- Basic competency evaluation
- Career goals and expectations discussion
Round 2: Department Head Interview
- Technical skills deep-dive
- Leadership and problem-solving scenarios
- Strategic thinking assessment
Common Interview Questions
- "What do you know about Old Mutual and our recent strategic initiatives?"
- "How would you handle a situation where you disagree with your manager?"
- "Describe a time when you had to work under pressure to meet a deadline."
- "How do you stay updated with developments in the financial services industry?"
- "What interests you about our digital transformation journey?"
Interview Preparation Tips
- Research Thoroughly: Study Old Mutual's business model, recent results, and OM Bank strategy
- Use STAR Method: Structure behavioral responses with Situation, Task, Action, Result
- Prepare Questions: Ask about career development, company culture, and growth opportunities
- Practice Technical Skills: Review role-specific knowledge and industry trends
For comprehensive interview preparation, read our detailed guide on how to prepare for job interviews in South Africa.
Graduate Programs & Early Career Opportunities
Old Mutual offers comprehensive early career development programs designed to nurture future leaders in financial services. These structured pathways provide excellent entry points for recent graduates and career changers.
Graduate Accelerated Programme (GAP)
The flagship 18-month development program starting February 1, 2025:
- Structure: Rotations across Group Finance, Risk & Compliance, Strategy, and business units
- Support: Dedicated mentorship, project involvement, and Learning & Development Centre access
- Requirements: Relevant degree, under 26 years old, minimum 65% academic average
- Conversion Rate: High percentage of participants secure permanent roles
TechTalent Incubator
Specialized program for IT graduates:
- Target Audience: Computer Science, Software Engineering, Information Systems graduates
- Technical Skills: Java, C#, C++, HTML, Python, SQL, JavaScript proficiency required
- Experience: Hands-on financial technology projects, certification opportunities
- Growth Path: Direct pipeline to software development and IT leadership roles
Internship Programs
Available across Johannesburg, Cape Town, and Durban with February 1, 2025 start date:
- Departments: Finance, Actuarial, Data Science, IT, Risk, Marketing, Investment Management
- Stipends: Competitive monthly allowances
- Requirements: Bachelor's or Honours degree, minimum 65% academic average
- Duration: 12 months with potential for permanent placement
Amathuba Learnership
The 12-month NQF Level 4 Wealth Management qualification:
- Target Group: Grade 12 graduates aged 18-30
- Requirements: 50% minimum in English, second language, and Mathematics
- Locations: Pinelands and Johannesburg
- Application Deadline: March 30, 2025 for May start
Comprehensive Bursary Programs
- Actuarial Science Bursary: Full coverage including tuition, accommodation, textbooks
- General Bursaries: Various disciplines with work-back agreements
- Imfundo Trust Scholarship: Focused on developing black investment professionals
- Old Mutual Education Trust: 60 annual scholarships with counseling support
For more learning and development opportunities, explore our guide on top learnerships in South Africa.
Career Growth & Development at Old Mutual
Old Mutual demonstrates strong commitment to employee development through structured career progression, comprehensive training programs, and international mobility opportunities across its 14-country African footprint.
Internal Promotion & Career Pathways
- Performance Management System: Regular reviews identifying advancement opportunities
- Cross-Functional Mobility: Movement between divisions and departments
- Leadership Pipeline Programs: Structured development for high-potential employees
- International Assignments: Opportunities across African operations
Learning & Development Infrastructure
Old Mutual's Learning & Development Centre of Excellence provides:
- Technical Skills Training: Industry certifications and specialized courses
- Leadership Development: Management and executive programs
- Study Leave: Time off for further education with financial support
- Mentorship Programs: Formal and informal coaching relationships
Professional Development Support
- Study Assistance: Financial support for relevant qualifications
- Industry Conferences: Attendance at professional events and workshops
- Professional Body Memberships: Support for relevant professional registrations
- Skills Assessments: Regular evaluation and development planning
Digital Skills Development
With the OM Bank initiative driving digital transformation:
- Technology Certifications: AWS, Azure, Google Cloud training
- Data Analytics: Business intelligence and machine learning skills
- Digital Banking: Fintech and digital customer experience training
- Agile Methodologies: Modern project management approaches
Looking to develop your career in financial services? Check out opportunities at similar organizations like KPMG for professional services experience.
Company Culture & Work Environment
Old Mutual's culture centers around its "Do great things" ethos and Ubuntu philosophy, creating an environment that values collaboration, diversity, and meaningful contribution to society. Based on employee reviews and company insights, here's what defines the Old Mutual experience:
Core Values & Culture
- Ubuntu Philosophy: Emphasizing humanity, collective success, and community support
- Innovation Focus: Encouraging creative solutions and digital transformation
- Diversity & Inclusion: Active promotion of diverse teams and inclusive practices
- Community Impact: Significant corporate social investment and community development
Work-Life Balance
Employee feedback shows mixed but generally positive work-life balance with ratings of 3.2/5 on Glassdoor and 3.7/5 on Indeed:
- Flexible Working: Remote work options and flexible hours in many roles
- Leave Policies: Generous annual, sick, and study leave provisions
- Wellness Programs: Employee assistance programs and mental health support
- Variable by Division: Corporate roles generally offer better balance than high-pressure sales positions
Employee Recognition & Rewards
- Performance Bonuses: Regular recognition of exceptional performance
- Long Service Awards: Celebrating employee loyalty and commitment
- Team Building: Regular social activities and team development events
- Innovation Awards: Recognition for creative solutions and process improvements
Diversity & Transformation
Old Mutual actively promotes employment equity and transformation:
- Leadership Diversity: Commitment to diverse representation in management
- Skills Development: Targeted programs for previously disadvantaged groups
- Graduate Programs: Focus on developing young South African talent
- Women in Leadership: Initiatives to advance female representation
Compare company cultures at other major employers like Unilever or Coca-Cola to find the best cultural fit for your career.
Tips for International Candidates
Old Mutual welcomes international talent, particularly for specialized roles and African expansion. South Africa's new points-based immigration system implemented in October 2024 creates clear pathways for qualified international professionals.
Work Authorization Requirements
International candidates need minimum 100 points from criteria including:
- Qualifications: NQF Level 7-8 (30 points), NQF Level 9-10 (50 points)
- Professional Registration: Up to 35 points for recognized qualifications
- Work Experience: Relevant industry experience in financial services
- Age Factor: Peak scoring for candidates aged 25-35 years
- Language Proficiency: English fluency with additional languages advantageous
Critical Skills Work Visas
Financial services professionals on the Critical Skills List enjoy significant advantages:
- No Initial Job Offer Required: Can apply before securing employment
- 5-Year Validity: Extended work authorization period
- Permanent Residence Pathway: Direct route to long-term status
- Relevant Occupations: Actuaries, Financial Managers, Investment Advisers, Risk Specialists
Qualification Recognition
International qualifications require SAQA evaluation:
- Processing Time: 3 months for complete applications
- Professional Registration: Additional requirements for CA(SA), CFA, or actuarial designations
- NQF Alignment: Ensuring foreign qualifications match South African standards
Salary Considerations
International candidates should consider:
- Cost of Living: Significantly lower than most developed countries
- Currency Exchange: Rand volatility affects international transfers
- Tax Implications: Double taxation agreements and residence requirements
- Relocation Costs: Budget R25,000-R75,000 for visa and setup costs
Timeline for international applications typically requires 6-12 months minimum including qualification recognition, professional registration, and visa processing.
How to Stand Out as a Candidate
With high competition for Old Mutual positions, here are proven strategies to strengthen your application and increase your chances of success:
CV and Application Optimization
- Tailor Your CV: Customize for each role using keywords from job descriptions (use our free CV builder for professional formatting)
- Highlight Financial Services Experience: Emphasize relevant banking, insurance, or investment experience
- Quantify Achievements: Use specific numbers and metrics to demonstrate impact
- Include Relevant Certifications: FAIS compliance, CFA, CIMA, or other professional qualifications
Skills That Make You Stand Out
- Digital Skills: Proficiency in data analytics, digital banking, or fintech
- African Market Knowledge: Understanding of regional financial services
- Language Skills: English plus local South African languages
- Technical Certifications: AWS, Azure, or other relevant technology credentials
- Leadership Experience: Evidence of team management or project leadership
Application Strategy
- Apply Early: Submit applications within first week of posting
- Research Thoroughly: Understand Old Mutual's strategic initiatives and recent developments
- Network Effectively: Connect with current employees on LinkedIn
- Follow Up Professionally: Check application status after 2-3 weeks
Interview Preparation
- Study Company Strategy: Understand OM Bank launch and digital transformation
- Practice STAR Method: Structure behavioral responses effectively
- Prepare Technical Examples: Ready to discuss specific achievements and challenges
- Ask Insightful Questions: Show genuine interest in company direction and growth
đź’ˇ Pro Tip:
Highlight any experience with digital transformation, customer experience, or African markets—these align directly with Old Mutual's strategic priorities for 2025!
For comprehensive career guidance, read our ultimate guide on landing your dream job in South Africa.
Where to Find Old Mutual Job Openings
Stay updated on the latest Old Mutual opportunities through these reliable channels:
- Official Careers Portal: Old Mutual Workday Portal for all current vacancies
- Graduate Programs: Early Careers Portal for entry-level opportunities
- LinkedIn: Old Mutual South Africa LinkedIn for company updates and job postings
- Professional Networks: Industry associations and financial services groups
- Recruitment Agencies: Specialized financial services headhunters
- University Career Centers: Campus recruitment and graduate programs
Job Alert Strategy
- Set Up Alerts: Create notifications for relevant role keywords
- Follow Social Media: Monitor company announcements and culture insights
- Attend Career Fairs: Connect with Old Mutual recruiters in person
- Network Actively: Build relationships with current employees
Explore opportunities at other leading employers on our career blog or check specific companies like Sasol or Transnet.
FAQs
Common questions about Old Mutual careers:
Question | Answer |
---|---|
What qualifications do I need for entry-level roles? | Relevant tertiary qualification (degree or diploma) with minimum 65% average for graduate programs. |
Do I need experience to apply? | No, Old Mutual offers extensive graduate programs and internships for candidates without experience. |
How long is the application process? | Typically 3-6 months from application to job offer, depending on the role and assessment requirements. |
Are there remote work opportunities? | Yes, many roles offer flexible working arrangements including remote options, particularly in corporate functions. |
What benefits does Old Mutual offer? | Comprehensive package including medical aid, pension fund, study assistance, performance bonuses, and career development. |
Can international candidates apply? | Yes, especially for critical skills roles. Work authorization and qualification recognition required. |
When do graduate programs open? | Typically February-June for applications, with programs starting the following February. |
What's the company culture like? | Values-driven with Ubuntu philosophy, emphasis on diversity, innovation, and community impact. |
Ready to Start Your Old Mutual Career Journey?
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