Introduction: Why Finance & Insurance Careers Stand Out
In South Africa, the finance and insurance sectors remain some of the most lucrative industries for career growth. Not only do they offer competitive salaries, but they also open doors to long-term career stability and advancement. For many job seekers, a SETA-accredited finance or insurance learnership is the perfect entry point into these high-paying professions.
From banking learnerships with major institutions like Absa, Standard Bank, and Nedbank, to insurance training programmes through INSETA-accredited companies such as Old Mutual and Sanlam, 2025 presents exciting opportunities for those ready to invest in their future.
1. Banking Learnerships 2025
Banking learnerships are among the most sought-after programmes in South Africa due to the strong demand for skilled financial service professionals.
Top banking learnership providers:
- Absa – Offers programmes in customer service, retail banking, and business banking.
- Standard Bank – Known for its Universal Banker learnership.
- Nedbank – Provides retail and business banking training.
- Capitec Bank – Focuses on client service and digital banking support.
Entry Requirements:
- Grade 12 (Matric) with Mathematics or Mathematical Literacy.
- Good communication skills in English.
- Basic computer literacy.
Duration & Benefits:
Banking learnerships typically last 12 months and include classroom learning, on-the-job training, and a monthly stipend. Successful completion often leads to permanent employment or further study opportunities.
Career Paths After Completion:
- Bank Teller
- Client Service Consultant
- Relationship Banker
- Business Banking Officer
2. Insurance Learnerships 2025
The insurance industry is one of the fastest-growing sectors in South Africa, driven by the need for financial protection, investments, and compliance.
Top insurance learnership providers:
- Old Mutual – Focuses on financial planning, claims, and underwriting.
- Sanlam – Offers training for financial advisors and insurance consultants.
- Hollard Insurance – Provides programmes in short-term insurance and customer service.
Most of these programmes are accredited by INSETA (Insurance Sector Education and Training Authority), ensuring that graduates receive nationally recognised qualifications.
Roles Covered in Insurance Learnerships:
- Claims Administration
- Underwriting
- Sales and Customer Relations
- Risk Management
Benefits of Insurance Learnerships:
- Learn critical risk assessment and client management skills.
- Gain regulatory knowledge, including FAIS and FICA compliance.
- Access to mentorship from experienced industry professionals.
3. Financial Advisor Training Programmes
Becoming a financial advisor is a high-reward career path, with the potential to earn both a basic salary and commissions based on sales performance.
Why Choose This Path:
- High-income potential.
- Flexible work arrangements.
- Opportunities to specialise in investments, retirement planning, or estate planning.
Typical Learnership Structure:
- Preparation for the RE5 exam (Regulatory Examination for Representatives).
- FAIS compliance training.
- Practical experience in client acquisition and financial planning.
Financial advisor training programmes are ideal for entrepreneurial individuals who enjoy working with people and have a passion for financial literacy.
4. How INSETA Supports Finance & Insurance Careers
The Insurance Sector Education and Training Authority (INSETA) plays a crucial role in developing talent for the finance and insurance industries.
INSETA’s Contributions Include:
- Funding learnerships and internships.
- Offering bursaries for full-time and part-time studies in finance-related fields.
- Partnering with banks, insurers, and training providers to deliver accredited programmes.
INSETA Bursary 2025:
This bursary covers tuition, study materials, and in some cases, living expenses. It is open to both unemployed youth and employed individuals seeking upskilling opportunities.
5. Tips to Get Accepted into a Finance or Insurance Learnership
Competition for these programmes can be tough, but the following tips will improve your chances:
- Craft a strong CV – Highlight any customer service, sales, or numerical skills.
- Write a compelling cover letter – Show enthusiasm for the industry and a willingness to learn.
- Prepare for interviews – Research the company and understand basic financial concepts.
- Leverage LinkedIn – Network with HR professionals and recruiters in the finance and insurance sectors.
6. Application Links & Deadlines for 2025
Here are some useful starting points for 2025 applications:
- Absa Careers – https://www.absa.africa/absaafrica/careers/
- Standard Bank Learnerships – https://www.standardbank.com/sbg/careers
- Nedbank Careers – https://www.nedbank.co.za/content/nedbank/desktop/gt/en/careers.html
- Old Mutual Careers – https://careers.oldmutual.com/
- Sanlam Careers – https://www.sanlam.co.za/careers
- INSETA – https://www.inseta.org.za/
7. The Future of Finance & Insurance Careers in South Africa
As the South African economy grows and more people require access to financial services, the demand for skilled banking, insurance, and financial planning professionals will remain strong. Digital transformation, fintech innovation, and regulatory compliance will continue to shape these industries, creating even more specialised career opportunities.
Learnership graduates will find themselves well-positioned to secure high-paying jobs and progress into senior management or specialist roles.
Conclusion
The finance and insurance sectors offer a wealth of opportunities for ambitious South Africans. Whether your interest lies in banking, insurance, or becoming a financial advisor, a SETA-accredited learnership can set you on the right path. With structured training, practical work experience, and the chance to earn while you learn, these programmes are a smart investment in your future.
Start exploring your options now, apply early, and take the first step towards a high-earning, rewarding career in 2025.