Master of Actuarial and Financial Engineering 24 months Postgraduate Program By KU Leuven |Top Universities
Subject Ranking

# =93QS Subject Rankings

Program Duration

24 monthsProgram duration

Tuitionfee

4,591 EURTuition Fee/year

Scholarship

YesScholarships

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 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.

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 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.

Admission requirements

0+

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.

2 Years
Sep

Tuition fee and scholarships

Domestic Students

-
-

International Students

4,591 EUR
-

One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.

In this guide you will find:
opportunities

Where to look for scholarship opportunities

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How to apply to scholarships relevant to you

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A list of available scholarships around the world

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A scholarship application checklist

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