The Master of Science in Actuarial and Financial Engineering at KU Leuven 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.
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.
- Actuarial Engineering: Life, Health and Pensions
- Actuarial Engineering: Property and Casualty
- Risk Engineering
- Financial Engineering
- 24 months
Start dates & application deadlines
- Apply before , EEA/EU
- Apply before , International
DisciplinesApplied Mathematics Statistics Actuarial Science View 3 other Masters in Applied Mathematics in Belgium
We are not aware of any English requirements for this programme.
- Students are expected to have good analytical skills (i.e. solid mathematical background) and this oﬀers a reasonable foundation for the course work.
Applicants must prove their English language proficiency by means of a IELTS or TOEFL test. The minimum score for IELTS is 7, while for the TOEFL internet based test it is 94. The minimum sub-scores are 20 out of 30 for the TOEFL results and 6.0 for the IELTS results. Applicants who obtained an IELTS of 6.5 (minimum sub-scores 6.0) or a TOEFL of 90 (minimum sub-scores 20 out of 30) and have afterwards completed at least 1 year of full-time study in higher education in the English language, may also be considered for admission.
- A GMAT / GRE test result is to be included in the application.
International3900 EUR/yearTuition FeeBased on the tuition of 3900 EUR per year during 24 months.
EU/EEA9461 EUR/yearTuition FeeBased on the tuition of 9461 EUR per year during 24 months.
Living costs for Leuven
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
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.
Apply and win up to €10000 to cover your tuition fees.