Overview

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This is an English-taught programme of 120 ECTS which prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions.

This master's programme brings:

basic training in actuarial engineering, insurance, financial products, financial mathematics and engineering, data analytics for finance and insurance, risk management for financial institutions;
advanced courses showing the latest developments in the field;
a blend of theoretical course work and computational training;
an introduction to practical aspects, through the straight-from-the-frontline experience of our staff, guest lecturers, and an internship (6 ECTS);
a multidisciplinary approach, where technical, quantitative courses come along with course work in (financial and insurance) regulation, prudential regimes, economics and reporting.

Career opportunities

If your mind is on applying tools and models from mathematics and statistics to real-world economic and financial problems, then this programme may be the right one for you. If you want to learn more on data science and analytics and how these tools are used in insurance and finance, we have some relevant course work and expertise to share with you. The programme prepares students for careers in financial institutions which involve analytics and quantitative risk measurement. Graduates from the programme are employed with insurance companies, banks, pension funds, consultants or governmental institutions where they are involved in a variety of analytic tasks, including (but not limited to) product development and pricing, solvency calculations, risk management, employee benefit calculations, asset and liability management,… Moreover, the degree of MSc in Actuarial and Financial Engineering gives access to the Institute of Actuaries in Belgium, the professional association of actuaries in Belgium.

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Programme Structure

Core courses (70-72 ECTS), organized along 5 topics

Actuarial engineering: life, health and pensions (18 ECTS)

Life Insurance Mathematics
Actuarial Mathematics for Pensions
Advanced Life Insurance Mathematics

Actuarial engineering: data science methods (12 ECTS)

Loss Models
Data Science for Non-Life Insurance

Risk engineering (18 ECTS)

Risk Management in Financial Institutions
Statistical Tools for Quantitative Risk Management
Foundations of Quantitative Risk Measurement

Financial engineering (12 ECTS)

Fundamentals of Financial Mathematics
Financial Engineering

Regulation (10-12 ECTS)

Solvency of Financial Institutions

Electives: European Financial Regulation / European Insurance Law / Inleiding tot het verzekeringsrecht

Master's thesis (24 ECTS)

Electives (24-26 ECTS), including

courses organized along the same 5 topics
an internship, a summer school or project in collaboration with our research center LRisk for 6 ECTS.

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Key information

Duration

Full-time
- 24 months

Start dates & application deadlines

Starting 2026-09-16 00:00:00
- Apply before 2026-05-01 00:00:00 , International
- Apply before 2026-07-01 00:00:00 , EEA/EU

More details

For the most recent – and only official – information on application deadlines and start dates, please check our webpage.

Language

English

TOEFL^® IBT

94

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IELTS

6.5

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4.9/5 student rating

Credits

120 ECTS

Delivered

On Campus

Campus Location

Leuven, Belgium

Disciplines

Finance Risk Management Actuarial Science View 8 other Masters in Finance in Belgium

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Academic requirements

GRE^®

154 _(verbal)

166 _{(quantitative)}

GMAT

590

590 _{(recommended)}

English requirements

TOEFL^® IBT

94

Schedule TOEFL®

IELTS

6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

For the most recent – and only official – information on the admission requirements, please check our webpage.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at KU Leuven and/or in Belgium, please visit Student Insurance Portal.

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Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

9493 EUR / year

≈ 9493 EUR / year
EU/EEA Applies to you

Applies to you

EU/EEA Nationals

1181 EUR / year

≈ 1181 EUR / year

Additional Details

For the most recent – and only official – information on tuition fees, please check our webpage.

Living costs

Leuven

Belgium

810 - 1280 EUR / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

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Scholarships Information

Below you will find Master's scholarship opportunities for Actuarial and Financial Engineering.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

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About

Overview

Career opportunities

Get more details

Programme Structure

Check out the full curriculum

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

Explore more key information

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Make sure you meet all requirements

Tuition Fees

International Applies to you

EU/EEA Applies to you

Additional Details

Living costs

Leuven

Funding

Check for any work restrictions

Scholarships Information

Available Scholarships

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