South African Reserve Bank (SARB) Graduate Programme 2024

Deadline; 12th of October, 2023

The South African Reserve Bank (SARB) is looking for talented postgraduates to join its one-year Graduate Development Programme in February 2024. The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, design and distribution of banknotes and coin, management of interest rates, setting the cash reserve requirement for banks and ensuring the stability of both the banking sector and the wider financial system.

Data science is an inter-disciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. The core outcome of this programme is to develop deep capabilities in advanced analytics in central banking

Graduates will be placed in the Business Solutions and Technology Department (BSTD) at the SARB from February to December 2024. During the programme, graduates will attend various learning interventions, including technical training as they will be assigned to a business department where they will work on unique and complex business problems, while keeping the section about attending learning interventions at the SARB Academy. The programme offers opportunities for a Data Science track.


To be considered as a SARB Graduate, candidates must have a postgraduate qualification or be in the process of completing a postgraduate qualification (ideally completed the course work) in one of the following fields:

  • Data Science.
  • Machine Learning/Artificial Intelligence.
  • Predictive Analytics Modelling.
  • Statistics.
  • Applied Mathematics.
  • Economics with Econometrics. (would be advantageous)
  • Information Technology
  • Engineering.
  • Business Mathematics and Informatics.
  • Coding with R and Python

Additional requirements

Prospective candidates must:

  • be South African citizens;
  • be curious, innovative and self-motivated individuals with strong analytical skills;
  • have a proven track record of academic excellence, with an overall average mark of 65% and above;
  • have excellent communication and interpersonal skills; and
  • have evidence of participation in data science competitions (e.g. Kaggle) and/or contributions to projects on GitHub/Gitlab (would be an added advantage).

Selection Process:

Shortlisted applicants will be invited to participate in interviews and will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. Correspondence will be limited to shortlisted candidates only.

Kindly send any programme-related questions to the following email address:


All interested parties are invited to apply online via

  • Please include a CV, copy of your academic transcript and your identity document with your application.

Click here to apply

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