You are here: Home / Prospective students / Master of Actuarial and Financial Engineering

Master of Actuarial and Financial Engineering


About the programme 2019-2020

Master of Science (MSc) in Actuarial and Financial Engineering

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:

  1. basic training in actuarial engineering, insurance, financial products, financial mathematics and engineering, data analytics for finance and insurance, risk management for financial institutions;
  2. advanced courses showing the latest developments in the field;
  3. a blend of theoretical course work and computational training;
  4. an introduction to practical aspects, through the straight-from-the-frontline experience of our staff, guest lecturers, and an internship (6 ECTS);
  5. a multidisciplinary approach, where technical, quantitative courses come along with course work in (financial and insurance) regulation, prudential regimes, economics and reporting.

The master's programme is jointly organized by the Faculty of Economics and Business (FEB) and the Faculty of Sciences (department of Mathematics). The majority of classes is organized at FEB in
the historical center of Leuven.

  • Education Level: Academic master's programme
  • Language of Instruction: English
  • Degree: Master of Science (MSc) in Actuarial and Financial Engineering
  • Duration: 2 years (full time), 120 ECTS
    • EEA nationals and Non-EEA nationals who reside in Belgium under a valid residence permit can follow less than 60 ECTS per academic year and accordingly spread their studies in several years. This possibility needs to be discussed with a study career consultant. Note that there are no part-time, evening or weekend courses organized for this category of students. Non-EEA nationals who reside in Belgium under a student visa can consult this website.
  • Type: Daytime education
  • Location: Leuven
  • Start of the programme:
    • 1st semester: 3rd week of September - end of January and the beginning of February (exams in January and the beginning of February)
    • 2nd semester: 2nd week of February – end of June (exams in June and the beginning of July)
  • Forms of instruction: Lectures (including web lectures), guest lectures by professionals working in
    practice, computer labs in R, Python and Matlab, and paper based exercises, classroom and home assignments.

  • Brochure

I have a question Apply now

Application deadline

  • EEA citizens: 1 June
  • Non-EEA citizens: 1 March
  • Non-EEA citizens living in Belgium with a valid residence permit: 1 June

Application instructions

Tuition fees 

  • EEA citizens: € 938.8 / academic year
  • Non-EEA citizens: € 1,750 / academic year

Please note that tuition fees may be subject to change. Please click here for the most up-to-date and detailed information.

Students from one of VLIR-UOS’s scholarship countries may be eligible for a one-time partial tuition fee waiver (€ 938.8 instead of €1,750). A committee will rank candidates who submitted their applications by March 1, based on their motivation and overall study results and inform candidates accordingly.

Scholarship and funding opportunities

Are you looking for means to finance your studies?

Read more

Meet us in Belgium or abroad

An open day is the ideal way to get first-hand information. You get the chance to hear presentations about admissions and to speak to lecturers, students and staff of the different departments. 

Open days | Meet us abroad

Practical information

What to do before/upon arrival? Practical info on coming to FEB KU Leuven as an international student. 

Read more

Meet our students/alumni

The best way to find out what it's really like at the KU Leuven Faculty of Economics and Business is to hear directly from our students and alumni. 

Read more


Register for an upcoming webinar or watch our previous virtual presentations at your convenience to learn more about our English taught programmes or other popular topics.

Read more

Accreditations & rankings

The EQUIS- accreditation places FEB amongst an international elite circle of accredited business schools and faculties.

Europe's most innovative university in Reuters Europe's top 100 innovative universities ranking.​

71st in the QS World University Rankings 2018.

The University is ranked 47th in the 2018 THE overall ranking, 58th in THE rankings' business and economics."