Master of Actuarial and Financial Engineering

KU Leuven, Leuven, Belgium

Shortlist

# 83QS Subject Rankings

24 monthsProgram duration

4,591 EURTuition Fee/year

YesScholarships

Shortlist

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.

For the most recent – and only official – information on tuition fees, please check our webpage.

Read less

Program overview

Main Subject

Accounting and Finance

Degree

MSc

Study Level

Masters

Study Mode

On Campus

Master of Actuarial and Financial Engineering

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

For the most recent – and only official – information on tuition fees, please check our webpage.

Read less

Admission Requirements

Bachelor GPA

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.

Program Duration

2 Years

Starting Month(s)

Sep

Tuition Fee and Scholarships

Domestic Students

Tuition Fee/year

1,157 EUR

Tuition Fee (Out of State)

International Students

Tuition Fee/year

4,591 EUR

Other Expenses

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:

Where to look for scholarship opportunities

How to apply to scholarships relevant to you

A list of available scholarships around the world

A scholarship application checklist

Download Scholarship Guide

QS subject rankings

2013
#51-100
2014
#51-100
2015
#101-150
2016
#51-100
2017
#51-100
2018
#51-100
2019
#51-100
2020
#51-100
2021
#=73
2022
#=79
2023
#89
2024
#=93
2025
#83

Ranking criteria

Overall

70.1

Academic Reputation

67.3

Citations per Paper

76.3

Employer Reputation

69.9

H-index Citations

78.7

View all rankings data

KU Leuven, Leuven, Belgium

# 83QS Subject Rankings

24 monthsProgram duration

4,591 EURTuition Fee/year

YesScholarships

Program overview

Main Subject

Degree

Study Level

Study Mode

Program overview

Main Subject

Degree

Study Level

Study Mode

Admission Requirements

Exam Scores

Important Dates

Tuition Fee and Scholarships

Tuition Fee

Domestic Students

International Students

Scholarships

In this guide you will find:

QS WUR Ranking By Subject

QS subject rankings

Subject: Accounting and Finance

Ranking criteria

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