Actuarial and Financial Engineering

KU Leuven

24 months
Tuition fee
Apply date
Start date


The Master of Science in Actuarial and Financial Engineering at KU Leuven prepares you for a wide array of careers in actuarial science, financial engineering or quantitative risk management in financial institutions.


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.

Career opportunities

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.

Programme Structure

Courses include:

  • Actuarial Engineering: Life, Health and Pensions 
  • Actuarial Engineering: Property and Casualty 
  • Risk Engineering 
  • Financial Engineering 
  • Regulation 

Key information


  • Full-time
    • 24 months

Start dates & application deadlines




120 ECTS


On Campus

Academic requirements

GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).

Other requirements

General requirements

All applicants must provide:

  • course descriptions of all relevant courses;
  • a letter of motivation written and signed by the applicant, explaining the choice for Leuven and for this particular programme.

The faculty evaluates all applications and has the final say on the admissibility of the applicant, taking into account the relevant information. Application files will not be processed as long as they are incomplete.

Tuition Fee


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.

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Actuarial and Financial Engineering
KU Leuven