M.Sc. On Campus

Actuarial and Financial Engineering

KU Leuven

24 months
3900 EUR/year
9461 EUR/year
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.

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.

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®
GMAT admission requirements GMAT

English requirements

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

Other requirements

General requirements

  • 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.

Tuition Fee

To alway see correct tuition fees
  • International

    3900 EUR/year
    Tuition Fee
    Based on the tuition of 3900 EUR per year during 24 months.
  • EU/EEA

    9461 EUR/year
    Tuition Fee
    Based on the tuition of 9461 EUR per year during 24 months.

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.

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Actuarial and Financial Engineering
KU Leuven


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