24 months
3500 EUR/year
947 EUR/year
Tuition fee
Apply date
Start date


The Master prepares you for a wide array of careers in actuarial science, financial engineering or quantitative risk management in financial institutions. 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.

Visit the official programme website for more information


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

We are not aware of any academic requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Other requirements

General requirements

Most recent information on the programme website: kuleuven.be/ma/MAFEL

Tuition Fee

To alway see correct tuition fees
  • International

    3500 EUR/year
    Tuition Fee
    Based on the tuition of 3500 EUR per year during 24 months.
  • EU/EEA

    947 EUR/year
    Tuition Fee
    Based on the tuition of 947 EUR per year during 24 months.

Most recent information on www.kuleuven.be/tuitionfees

Living costs for Leuven

810 - 1280 EUR /month
Living costs

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.

Due for update

Updated over a year ago

Check the official programme website for potential updates.

Our partners

Actuarial and Financial Engineering
KU Leuven


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