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This Master’s programme 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... Read more
This Master’s programme 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.
About the programme
This is an English-taught programme of 120 ECTS which prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions.
This master's programme 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.
Career perspectives
If your mind is on applying tools and models from mathematics and statistics to real-world economic and financial problems, then this programme 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 programme prepares students for careers in financial institutions which involve analytics and quantitative risk measurement. Graduates from the programme 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.
For the most recent – and only official – information on tuition fees, please check our webpage.
This Master’s programme 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... Read more
This Master’s programme 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.
About the programme
This is an English-taught programme of 120 ECTS which prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions.
This master's programme 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.
Career perspectives
If your mind is on applying tools and models from mathematics and statistics to real-world economic and financial problems, then this programme 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 programme prepares students for careers in financial institutions which involve analytics and quantitative risk measurement. Graduates from the programme 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.
For the most recent – and only official – information on tuition fees, please check our webpage.
Students are expected to have good analytical skills (i.e. solid mathematical background) and this offers a reasonable foundation for the course work.
Mathematics: Derivatives / integrals / functions / limits / differential equations / algebra / vector operations (scalar product, vector product, …) / solving a system of equations / recursions / matrix algebra / determinants / eigenvalues and eigenvectors
Probability: Theory Probability laws and probability spaces / random variables / distribution functions / density functions / discrete and continuous distributions / expected values, variances and higher moments / asymptotic laws for random variables / moment generating functions / functions of random variables / multivariate distributions / dependent random variables / correlations
Statistics: Descriptive statistics / estimators for the mean, variance,… / confidence intervals / testing of hypotheses / simple econometric models (linear regression with one or more independent variables).
ICT: Basic programming skills to write simple functions (e.g. R, Matlab, SAS, Excel) / simulation / handling data sets (reading data using statistical software).
Economics: Basic macroeconomic and microeconomic knowledge. Students who do not have this knowledge, have to follow the Preparatory programme: Master of Actuarial and Financial Engineering.
Law: No prerequisites necessary.
For the most recent – and only official – information on the admission requirements, please check our webpage.
2 Years
Sep
Tuition fees
Domestic
1,157 EUR
International
4,591 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 monthsProgram duration
4,591 EURTuition Fee/year
Accounting and FinanceMain Subject Area
Program overview
Main Subject
Accounting and Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Master of Actuarial and Financial Engineering
This Master’s programme 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...
Read more
Master of Actuarial and Financial Engineering
This Master’s programme 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.
About the programme
This is an English-taught programme of 120 ECTS which prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions.
This master's programme brings:
Career perspectives
If your mind is on applying tools and models from mathematics and statistics to real-world economic and financial problems, then this programme 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 programme prepares students for careers in financial institutions which involve analytics and quantitative risk measurement. Graduates from the programme 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.
For the most recent – and only official – information on tuition fees, please check our webpage.
Read lessProgram overview
Main Subject
Accounting and Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Master of Actuarial and Financial Engineering
This Master’s programme 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...
Read more
Master of Actuarial and Financial Engineering
This Master’s programme 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.
About the programme
This is an English-taught programme of 120 ECTS which prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions.
This master's programme brings:
Career perspectives
If your mind is on applying tools and models from mathematics and statistics to real-world economic and financial problems, then this programme 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 programme prepares students for careers in financial institutions which involve analytics and quantitative risk measurement. Graduates from the programme 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.
For the most recent – and only official – information on tuition fees, please check our webpage.
Read lessAdmission Requirements
Admission requirements
Students are expected to have good analytical skills (i.e. solid mathematical background) and this offers a reasonable foundation for the course work.
Mathematics: Derivatives / integrals / functions / limits / differential equations / algebra / vector operations (scalar product, vector product, …) / solving a system of equations / recursions / matrix algebra / determinants / eigenvalues and eigenvectors
Probability: Theory Probability laws and probability spaces / random variables / distribution functions / density functions / discrete and continuous distributions / expected values, variances and higher moments / asymptotic laws for random variables / moment generating functions / functions of random variables / multivariate distributions / dependent random variables / correlations
Statistics: Descriptive statistics / estimators for the mean, variance,… / confidence intervals / testing of hypotheses / simple econometric models (linear regression with one or more independent variables).
ICT: Basic programming skills to write simple functions (e.g. R, Matlab, SAS, Excel) / simulation / handling data sets (reading data using statistical software).
Economics: Basic macroeconomic and microeconomic knowledge. Students who do not have this knowledge, have to follow the Preparatory programme: Master of Actuarial and Financial Engineering.
Law: No prerequisites necessary.
For the most recent – and only official – information on the admission requirements, please check our webpage.
Tuition fees
Domestic
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.
QS subject rankings
Subject: Accounting and Finance
Ranking criteria
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