How to Apply for BANKSETA Funded Employment and Training Opportunities

Are you passionate about building a career in banking, microfinance, or insurance in South Africa?
Good news! The Banking Sector Education and Training Authority (BANKSETA) offers funded Employment and Training Opportunities every year — and 2025 is no exception.

This guide will walk you step-by-step through how to apply, where to find training providers, the stipend you’ll receive, and tips to boost your chances of being selected.

What is BANKSETA?

The Banking Sector Education and Training Authority (BANKSETA) is a South African government body responsible for developing skills in the banking and alternative banking sectors.
It funds learnerships, internships, and skills programs aimed at young people, unemployed graduates, and banking employees who want to upgrade their skills.

BANKSETA’s mission is simple:
Expand opportunities for employment
Enhance skills development
Bridge the gap between education and the world of work

What Funded Opportunities Does BANKSETA Offer?

Every year, BANKSETA funds several key programs:

BANKSETA Learnerships

Post-matric and post-graduate learnerships (NQF Level 4 – 7)
Fields include Banking, Insurance, Financial Services, Microfinance, Risk Management, and Compliance.

BANKSETA Internships

Unemployed graduates get 12 months of paid workplace exposure in financial institutions.

BANKSETA Skills Programmes

Shorter training courses (3–6 months) in specialized areas like cybersecurity, fintech, compliance, and client services.

International Leadership Development Programmes (ILDP)

Scholarships for postgraduate banking/finance leadership studies overseas.

Who Can Apply? (Eligibility Requirements)

To qualify for BANKSETA funded opportunities, you must:

Be a South African citizen
Be 18 to 35 years old
Be unemployed or not studying full-time
Have a Matric certificate (minimum)
Some programs require Diploma, Degree, or Postgraduate qualifications
Be interested in the banking or financial services sector
Have no criminal record

Preference is often given to youth from disadvantaged backgrounds, rural areas, and people living with disabilities.

How to Apply for BANKSETA Opportunities (Step-by-Step)

Here’s a clear step-by-step guide:

Step 1: Prepare Your Documents

You’ll need:

Certified copy of your ID
Certified copy of your Matric Certificate
Certified copies of Qualifications/ Transcripts (if applicable)
Updated CV (Curriculum Vitae)
Proof of residence
Medical proof (if applying as a person with a disability)

Tip: Certifications must be less than 3 months old.

Find Accredited Training Providers

BANKSETA does not accept applications directly.
Instead, you apply through accredited training providers or partnering financial institutions.

Top Training Providers include:

Stanbic IBTC
Milpark Education
Chartall Business College
INSETA Accredited Providers (for insurance learnerships)
BANKSETA Partnerships with Universities and TVET Colleges

You can find lists of accredited providers on the official BANKSETA website or announcements on their social media pages.

Look for Open Opportunities

Opportunities are advertised:

On the BANKSETA official website (www.bankseta.org.za)
Through Training Providers’ websites
On Job boards like Edupstairs, Indeed, Careers24, LinkedIn
In local newspapers

Step 4: Submit Your Application

Follow the instructions carefully:

Complete an online form OR
Email your application pack to the specified address

Make sure you:

Use the correct subject line
Submit all documents
Double-check deadlines

Step 5: Wait for Shortlisting

After you apply:

If shortlisted, you’ll be invited for an interview or assessment tests.
Successful candidates will be informed via email or phone call.

Stipend: How Much Will You Be Paid?

If you are selected for a BANKSETA funded opportunity, you WILL receive a monthly stipend.

Typical Stipends in 2025:

Programme	Stipend (Monthly)
Learnership (Matric Entry)	R4,500 – R5,500
Learnership (Diploma/Degree Entry)	R6,000 – R7,500
Internships (Graduate Programme)	R6,500 – R8,000

Note: Some providers also offer travel allowances if training takes place far from your home.

Important Tips to Stand Out

Apply Early
Opportunities fill up quickly. Don’t wait until the last minute.

Perfect Your CV
Customize it for banking/finance — highlight math, communication, IT, and problem-solving skills.

Prepare for Interviews
They’ll test your understanding of financial services, basic banking, and workplace professionalism.

Stay Active
If you are not selected the first time, keep checking for new programs.

Top Training Providers for BANKSETA Programmes (with Contact Info)

Here’s a useful list of trusted training providers:

Provider	Website	Contact
Chartall Business College	chartallcampus.com	info@chartall.co.za
Milpark Education	milpark.ac.za	info@milpark.ac.za
Guarantee Trust	guarantee.co.za	info@guarantee.co.za
BANKSETA Official	bankseta.org.za	info@bankseta.org.za

Frequently Asked Questions (FAQ)

Do I pay anything to apply?

No. BANKSETA funded programs are 100% free to apply. Never pay money to anyone.

Can I apply if I already have a qualification?

Yes! Graduates are encouraged to apply, especially for internships and postgraduate learnerships.

Is workplace placement guaranteed?

Most learnerships and internships include practical workplace experience as part of the program.

How long do programs last?

Learnerships: 12 months
Internships: 12 months
Skills Programmes: 3–6 months

Timeline: When to Apply for 2025 Opportunities

Activity	Timeline
Opening of Applications	May – July 2025
Shortlisting & Interviews	August – October 2025
Program Start	November 2025 – January 2026

(Timelines may vary depending on providers.)

Final Words: Why You Shouldn’t Miss This Opportunity

A BANKSETA funded programme could completely transform your career:

You earn a stipend
You gain real workplace experience
You get an NQF-accredited qualification
You improve your chances of getting a full-time job

Thousands of South Africans have launched successful careers in banking, insurance, and finance — and you could be next!

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