The Master of Actuarial and Financial Engineering covers the fundamental concepts of insurance, techniques for quantitative risk management and principles of modelling assets and liabilities.
You will learn to construct robust risk models and integrate techniques to report the results of your in-depth analysis, you will study the quantitative instruments necessary to analyze vital contemporary issues.
The Master’s programme consists of two years of 60 ECTS each. The compulsory core consists of about 90 ECTS, 24 of which are accredited to the master’s thesis, the remaining ECTS consist of compulsory courses, organised along five major topics:
You supplement the compulsory courses with electives along the same five domains, which consist of both business oriented and research oriented topics to cover your interests. An optional internship, research project in the LRisk research center, or summer school is also included in the possibilities.
Financial institutions, insurance companies, pension funds and consultancy agencies are traditionally the most important employment domains. The classical distinction between financial products and insurance products is fading and the programme focuses on general, quantitative skills related to risk management. As a result, students, now technical experts, will have various career opportunities in all-round risk management. The government also offers interesting career opportunities for insurance experts. Furthermore, students are often involved in the general management of the company for which the students’ financial and actuarial skills can contribute to the analytical decision-making.
This degree gives the graduate access to the Institute of Actuaries in Belgium, the professional association of actuaries.
Questions about student life in Belgium, life at KU Leuven or more information about a specific course? Chat with our students: www.kuleuven/be/chatwithourstudents.
Compulsory Courses (64 ECTS), organized along 5 topics:
Master's Thesis (24 ECTS)
Elective course work (32 ECTS)
Minimum required score:
The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.Schedule IELTS
Minimum required score:
The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.Schedule TOEFL®
All applicants must provide:
Applicants who have a degree that was not issued by a Flemish institution, must apply for admission first.
For more information on the admission requirements, please visit the homepage of the programme.
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Check the programme website for information about funding options.
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.
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