About this program
Master of Actuarial and Financial Engineering
This Master’s program 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.
This is an English-taught program of 120 ECTS which prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions.
This master's program 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.
Admission requirements
Specific Flemish bachelor's degrees or degree deemed equivalent to the required Flemish degrees
Proficiency in English
- TOEFL: iBT 94 (minimum subscore per item 20)
- IELTS: 7.0 (minimum subscore per item 6.0)
- Applicants who obtained an IELTS of 6.5 (minimum subscores 6.0) or a TOEFL of 90 (minimum subscores 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.
- Cambridge English: Advanced (CAE): overall score 180
- Cambridge English: Proficiency (CPE)
For more information about admission requirements, Please visit the university website.
Does this course require proof of English proficiency?
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Program content
Actuarial engineering: life, health and pensions
- Life Insurance Mathematics
- Actuarial Mathematics for Pensions
- Advanced Life Insurance Mathematics
Actuarial engineering: data science methods
- Loss Models
- Data Science for Non-Life Insurance
Risk engineering
- Risk Management in Financial Institutions
- Statistical Tools for Quantitative Risk Management
- Foundations of Quantitative Risk Measurement
Financial engineering
- Fundamentals of Financial Mathematics
- Financial Engineering
Regulation
Solvency of Financial Institutions
Scholarships & funding
Several scholarship options are available, Please visit the university website for more information.
Program delivery
The courses taught in English and Dutch.
Tuition
Tuition fees
- EEA citizens: € 979.6 / academic year
- Non-EEA citizens: € 3,900 / academic year
Qualification
Credits: 120 ECTS
Career paths
If your mind is on applying tools and models from mathematics and statistics to real-world economic and financial problems, then this program 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 program prepares students for careers in financial institutions which involve analytics and quantitative risk measurement. Graduates from the program 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.
Students and young graduates can consult relevant job vacancies and internships with the help of our online career platform Career Corner. You will also have the opportunity to meet potential employers at job and internship fairs organised throughout the year and during campus recruitment activities.
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About this institute
KU Leuven. Inspiring the Outstanding
KU Leuven is Europe’s most innovative university. Located in Belgium, it is dedicated to research, education, and service to society. KU Leuven is a founding member of the League of European Research Universities (LERU) and has a strong European and...
Why study at KU Leuven
A Highly Ranked University
According to international rankings, KU Leuven is among the best 100 universities in the world. Moreover, KU Leuven was ranked as most innovative university of Europe by Reuters four years in a row (2016, 2017, 2018 and 2019). All of KU Leuven’s disciplines proudly belong to the top 100 of their field. Scholars and researchers, teachers and visionaries, thinkers and makers all have their place in KU Leuven’s fertile intellectual habitat.
Most Innovative University in Europe
KU Leuven has been identified as Europe’s most innovative university for four years in a row by Reuters. By developing the most important drug against HIV, a new type of solar panel that converts oxygen into hydrogen and uncovering the secrets of Sagalassos, KU Leuven researchers have a profound impact on our everyday lives in nearly all fields of research. That innovative character is deeply embedded in the way we teach our students, by integrating relevant guest lectures, taking an Interdisciplinary approach and opening the most advanced research and education facilities.
A Comprehensive University
As a comprehensive university, KU Leuven offers a wide range of disciplines organized by 15 faculties. Each of these disciplines is ranked in the top 100 of its field according to the THE World University Rankings by subject. Half of the university’s faculties are even in the top 50 within their fields of study.
Contact info
KU Leuven
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