The South African Reserve Bank (SARB) is offering two exciting graduate programmes for talented and motivated postgraduates looking to make an impact in the financial sector. These one-year developmental programmes will commence in February 2026 and run until January 2027, with a focus on building strong foundations for future careers in central banking.
The SARB is calling all graduates with a keen interest in data science, economics, financial stability, and other related fields to apply.
Data Science Graduate Programme
The Data Science Graduate Programme is tailored to nurture the next generation of data scientists in the context of central banking. This programme will focus on equipping participants with the skills necessary to tackle complex data analysis challenges faced by the SARB.
The SARB is seeking individuals who have completed, or are in the process of completing, a postgraduate qualification in fields such as:
- Data Science
- Machine Learning/Artificial Intelligence
- Predictive Analytics Modelling
- Statistics
- Applied Mathematics
- Digital Technology
- Fintech
- Economics with Econometrics
- Business Mathematics and Informatics
Additionally, the ideal candidate should be proficient in coding languages such as R and Python, possess a strong academic record (average mark of 70% or higher), and demonstrate innovative, self-motivated, and analytical thinking. Experience in Fintech is also highly desirable. Communication and interpersonal skills are essential for success in the programme, as graduates will be required to work collaboratively and effectively in teams.
Graduates selected for the Data Science Graduate Development Programme will also be provided with a competitive market-related salary along with other benefits.
Graduate Development Programme
In addition to the Data Science track, the Graduate Programme at the SARB provides an equally rewarding opportunity for graduates from diverse fields. This programme is designed to offer exposure to various departments within the SARB, with the goal of developing well-rounded central bankers.
The graduate will spend a year at the SARB Head Office, where they will be assigned to one of the departments and gain hands-on experience in various tasks and projects. Like the Data Science programme, graduates will also participate in learning interventions at the SARB Academy, where they will acquire essential central banking knowledge. These interventions cover a broad spectrum of subjects, ranging from monetary policy to financial stability and currency management.
The Graduate Development Programme is open to postgraduates who have a degree in areas such as:
- Economics
- Econometrics
- Statistics
- Research
- Policy Analysis
- Public Finance
- Accounting
- Auditing
- Law
- Financial Mathematics
- Financial Engineering
- Information Technology
- Risk Management
- Actuarial Science
- Fintech
Applicants must have completed an honours degree (NQF 8) and achieved an average of over 65% in their final year. In addition, applicants should have a strong desire to work in the financial services and policymaking sectors and possess outstanding communication and interpersonal skills.
How to Apply
The South African Reserve Bank is committed to diversifying its workforce, with preference given to suitable candidates from designated groups. Interested candidates are invited to apply by the 30th of April 2025 for the Data Science Graduate Development Programme and the Graduate Development Programme.
- Apply Online for the Graduate Development Programme
- Apply Online for the Data Science Graduate Development Programme
Both the Data Science Graduate Development Programme and the Graduate Development Programme at the South African Reserve Bank offer valuable opportunities for recent postgraduates eager to develop a career in central banking. These programmes provide a unique chance to make a meaningful impact on the country’s economy, working on critical projects related to monetary policy, financial stability, and more.
If you are passionate about finance, technology, data science, or policymaking, this is a great opportunity to kick-start your career with one of South Africa’s most influential institutions.
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