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This programme equips you for careers in actuarial science, financial engineering, or quantitative risk management. You will learn to build risk models, apply quantitative tools, and report analyses on key contemporary issues.
What is the focus of the programme?
The Master of Science in Actuarial and Financial Engineering (120 ECTS) is a multidisciplinary master’s programme designed to equip students with both theoretical insight and practical skills in five key domains. These areas form the backbone of the curriculum and reflect the diverse challenges and opportunities in the field:
Actuarial Engineering: Life, Health and Pensions
Actuarial Engineering: Data Science Methods
Risk Engineering
Financial Engineering
Regulations
Throughout the programme, students are immersed in these core areas via its core courses. Elective courses offer the flexibility to specialise further, allowing students to tailor their learning path to their interests and career aspirations.
Why study Actuarial and Financial Engineering at KU Leuven?
The Actuarial and Financial Engineering programme offers advanced training in the business domain of insurance. Mathematical and statistical techniques are studied to be able to manage risks, model assets and liabilities and analyse timely topics in actuarial and financial engineering. These skills, combined with a foundation in regulation and professional skills, including reporting and ethics, result in a strong ability to optimise business processes.
The electives include courses offered by our partner institutions Université Catholique de Louvain (UCLouvain) and Université Libre de Bruxelles (ULB). As such, an exchange within Belgium while studying at KU Leuven can be realised. Furthermore, an exchange abroad during the second master's year is possible.
This programme is also available in Dutch.
Programme overview
Main Subject
Accounting and Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
This programme equips you for careers in actuarial science, financial engineering, or quantitative risk management. You will learn to build risk models, apply quantitative tools, and report analyses on key contemporary issues.
What is the focus of the programme?
The Master of Science in Actuarial and Financial Engineering (120 ECTS) is a multidisciplinary master’s programme designed to equip students with both theoretical insight and practical skills in five key domains. These areas form the backbone of the curriculum and reflect the diverse challenges and opportunities in the field:
Actuarial Engineering: Life, Health and Pensions
Actuarial Engineering: Data Science Methods
Risk Engineering
Financial Engineering
Regulations
Throughout the programme, students are immersed in these core areas via its core courses. Elective courses offer the flexibility to specialise further, allowing students to tailor their learning path to their interests and career aspirations.
Why study Actuarial and Financial Engineering at KU Leuven?
The Actuarial and Financial Engineering programme offers advanced training in the business domain of insurance. Mathematical and statistical techniques are studied to be able to manage risks, model assets and liabilities and analyse timely topics in actuarial and financial engineering. These skills, combined with a foundation in regulation and professional skills, including reporting and ethics, result in a strong ability to optimise business processes.
The electives include courses offered by our partner institutions Université Catholique de Louvain (UCLouvain) and Université Libre de Bruxelles (ULB). As such, an exchange within Belgium while studying at KU Leuven can be realised. Furthermore, an exchange abroad during the second master's year is possible.
Students with a degree obtained at an institution of the Flemish Community:
Direct admission
On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:
Bachelor handelsingenieur (Brussel, Leuven)
Bachelor handelsingenieur in de beleidsinformatica (Leuven)
Bachelor in de bio-ingenieurswetenschappen (Leuven)
Bachelor in de economische wetenschappen (Leuven)
Bachelor in de fysica (Kortrijk, Leuven) (Minor Business and Innovation, Optie fysica + Minor economie en technologie(geen nieuwe inschrijvingen vanaf 2023-2024))
Bachelor in de ingenieurswetenschappen (Leuven)
Bachelor in de toegepaste economische wetenschappen (Kortrijk, Leuven)
Bachelor in de wiskunde (Kortrijk, Leuven) (Minor economie, Optie wiskunde + Minor economie en technologie)
Bachelor of Business Engineering (Brussel)
Master handelsingenieur (Leuven)
Master handelsingenieur in de beleidsinformatica (Leuven)
Master in de economische wetenschappen (Leuven)
Master in de handelswetenschappen (Antwerpen, Brussel)
Master in de toegepaste economische wetenschappen (Leuven)
Master of Business Administration (Antwerpen)
Master of Business Administration (Brussel)
Master of Business Economics (Leuven)
Master of Business Engineering (Leuven)
Master of Business and Information Systems Engineering (Leuven)
Master of Economics (Leuven)
Master of Management Engineering (Brussel)
After preparatory programme
Students who have obtained an academic Bachelor’s/Master's degree that does not grant direct access can gain access through the Preparatory Programme: Master of Actuarial and Financial Engineering.
On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:
After successfully completing the preparatory programme Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven 6 sp.) the following degrees are accepted:
Master in de fysica (Leuven)
Master in de statistiek (Leuven)
Master in de wiskunde (Leuven)
Master of Mathematics (Leuven)
Master of Physics (Leuven)
Master of Statistics and Data Science (Leuven)
After successfully completing the preparatory programme Voorbereidingsprogramma: Master in de actuariële en financiële wetenschappen / Master of Actuarial and Financial Engineering (Leuven 6 sp.) the following degrees are accepted:
Master in de fysica (Leuven)
Master in de statistiek (Leuven)
Master in de wiskunde (Leuven)
Master of Mathematics (After admissions procedure) (Leuven)
Master of Physics (After admissions procedure) (Leuven)
Master of Statistics and Data Science (After admissions procedure) (Leuven)
* Bachelor in de fysica (Kortrijk, Leuven) (zonder Minor Business and Innovation, Optie fysica + Minor economie en technologie (geen nieuwe inschrijvingen vanaf 2023-2024))
* Bachelor in de wiskunde (Kortrijk, Leuven) (zonder Minor economie, Optie wiskunde + Minor economie en technologie)
* Alle masters in de ingenieurswetenschappen
* Alle masters in de bio-ingenieurswetenschappen
* Alle bachelors en masters in de industriële wetenschappen
• All Masters of Engineering
• All Masters of Bioscience Engineering
• All Bachelors and Masters of Engineering Technology
Students with a degree obtained at an institution outside the Flemish Community:
Diploma requirements
Students are expected to have good analytical skills (i.e. solid mathematical background) and this offers a reasonable foundation for the course work. For more information regarding the Prerequisites see here.
Language requirements
An exemption from the proof of English proficiency by means of het above-mentioned tests is possible for applicants with a secondary education degree or a higher education degree earned in Australia, English speaking Canada, Ireland, New Zealand, United Kingdom or the USA: the degree and transcripts suffice, provided they confirm that the entire study was completed in English.
Students who completed their studies in a satellite campus which is located in another country than the main campus of the university are not eligible for an exemption from the English language proficiency certificate.
01 Jul 2026
2 Years
Sep
Tuition fees
International
9,493 EUR
Scholarships
Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.
To help students navigate this challenging process, we recommend the following articles:
Master of Actuarial and Financial Engineering
KU Leuven, Leuven, Belgium
# 83QS Subject Rankings
24 monthsProgramme duration
9,493 EURTuition Fee/year
01 Jul, 2026Application Deadline
Programme overview
Main Subject
Accounting and Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
This programme equips you for careers in actuarial science, financial engineering, or quantitative risk management. You will learn to build risk models, apply quantitative tools, and report analyses on key contemporary issues.
What is the focus of the programme?
The Master of Science in Actuarial and Financial Engineering (120 ECTS) is a multidisciplinary master’s programme designed to equip students with both theoretical insight and practical skills in five key domains. These areas form the backbone of the curriculum and reflect the diverse challenges and opportunities in the field:
Throughout the programme, students are immersed in these core areas via its core courses. Elective courses offer the flexibility to specialise further, allowing students to tailor their learning path to their interests and career aspirations.
Why study Actuarial and Financial Engineering at KU Leuven?
The Actuarial and Financial Engineering programme offers advanced training in the business domain of insurance. Mathematical and statistical techniques are studied to be able to manage risks, model assets and liabilities and analyse timely topics in actuarial and financial engineering. These skills, combined with a foundation in regulation and professional skills, including reporting and ethics, result in a strong ability to optimise business processes.
The electives include courses offered by our partner institutions Université Catholique de Louvain (UCLouvain) and Université Libre de Bruxelles (ULB). As such, an exchange within Belgium while studying at KU Leuven can be realised. Furthermore, an exchange abroad during the second master's year is possible.
This programme is also available in Dutch.
Programme overview
Main Subject
Accounting and Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
This programme equips you for careers in actuarial science, financial engineering, or quantitative risk management. You will learn to build risk models, apply quantitative tools, and report analyses on key contemporary issues.
What is the focus of the programme?
The Master of Science in Actuarial and Financial Engineering (120 ECTS) is a multidisciplinary master’s programme designed to equip students with both theoretical insight and practical skills in five key domains. These areas form the backbone of the curriculum and reflect the diverse challenges and opportunities in the field:
Throughout the programme, students are immersed in these core areas via its core courses. Elective courses offer the flexibility to specialise further, allowing students to tailor their learning path to their interests and career aspirations.
Why study Actuarial and Financial Engineering at KU Leuven?
The Actuarial and Financial Engineering programme offers advanced training in the business domain of insurance. Mathematical and statistical techniques are studied to be able to manage risks, model assets and liabilities and analyse timely topics in actuarial and financial engineering. These skills, combined with a foundation in regulation and professional skills, including reporting and ethics, result in a strong ability to optimise business processes.
The electives include courses offered by our partner institutions Université Catholique de Louvain (UCLouvain) and Université Libre de Bruxelles (ULB). As such, an exchange within Belgium while studying at KU Leuven can be realised. Furthermore, an exchange abroad during the second master's year is possible.
This programme is also available in Dutch.
Brochures
Admission Requirements
Students with a degree obtained at an institution of the Flemish Community:
Direct admission
On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:
After preparatory programme
Students who have obtained an academic Bachelor’s/Master's degree that does not grant direct access can gain access through the Preparatory Programme: Master of Actuarial and Financial Engineering.
On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:
After successfully completing the preparatory programme Preparatory Programme: Master of Actuarial and Financial Engineering (Leuven 6 sp.) the following degrees are accepted:
After successfully completing the preparatory programme Voorbereidingsprogramma: Master in de actuariële en financiële wetenschappen / Master of Actuarial and Financial Engineering (Leuven 6 sp.) the following degrees are accepted:
* Bachelor in de fysica (Kortrijk, Leuven) (zonder Minor Business and Innovation, Optie fysica + Minor economie en technologie (geen nieuwe inschrijvingen vanaf 2023-2024))
* Bachelor in de wiskunde (Kortrijk, Leuven) (zonder Minor economie, Optie wiskunde + Minor economie en technologie)
* Alle masters in de ingenieurswetenschappen
* Alle masters in de bio-ingenieurswetenschappen
* Alle bachelors en masters in de industriële wetenschappen
• All Masters of Engineering
• All Masters of Bioscience Engineering
• All Bachelors and Masters of Engineering Technology
Students with a degree obtained at an institution outside the Flemish Community:
Diploma requirements
Students are expected to have good analytical skills (i.e. solid mathematical background) and this offers a reasonable foundation for the course work. For more information regarding the Prerequisites see here.
Language requirements
An exemption from the proof of English proficiency by means of het above-mentioned tests is possible for applicants with a secondary education degree or a higher education degree earned in Australia, English speaking Canada, Ireland, New Zealand, United Kingdom or the USA: the degree and transcripts suffice, provided they confirm that the entire study was completed in English.
Students who completed their studies in a satellite campus which is located in another country than the main campus of the university are not eligible for an exemption from the English language proficiency certificate.
Tuition fees
International
Scholarships
Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.
To help students navigate this challenging process, we recommend the following articles:
How to get a full scholarship
Looking for a fully-funded scholarship to see you into university? Find out how to boost your chances of getting one.
Scholarships to study abroad
Find scholarships to study abroad with our lists of international scholarships – categorized by country, by subject, and by type of student.
Scholarship Applications: Frequently Asked Questions
Get answers to all your questions about scholarship applications, including tips on how to find scholarships and chances of success.
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