Master of Actuarial and Financial Engineering - Eligibility and admissions
Eligibility and admission requirements 2024-2025
Master of Science (MSc) in Actuarial and Financial Engineering
1. Basic admission requirement
- Specific Flemish bachelor's degrees or degree deemed equivalent to the required Flemish degrees
Assessment of a (foreign) degree
- Equivalence with required Flemish degree(s) will be based on the assessment of the foreign degree, primarily with respect to the following: 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. Students with a lack of Economics knowledge may begin with the master via a Preparatory programme.
2. Proficiency in English
Required proof of English language proficiency (certificate)
- TOEFL: iBT 94 (minimum subscore per item 20)
- IELTS: 7.0 (minimum subscore per item 6.5)
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Applicants who obtained an IELTS of 6.5 (minimum subscores 6.0) or a TOEFL of 90 (minimum subscores 20 out of 30) and have afterwards completed at least 1 year of full-time study in higher education in the English language, may also be considered for admission.
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Cambridge English: Advanced (CAE): overall score 180
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Cambridge English: Proficiency (CPE)
Exemptions from certificate English language proficiency
- Students who obtained their secondary education degree or higher education degree in one of the following countries: Australia, English speaking Canada, Ireland, New Zealand, United Kingdom, United States of America (the certified degree and transcripts suffice, provided they confirm that the entire study was completed in English).
- Students with a Flemish secondary education diploma and/or a Flemish academic bachelor/master
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
3. Additional requirements
- GMAT score of 50 on the quantitative part and 600 overall score; or
- GMAT Focus Edition score of 87 on the quantitative part and 565 overall score; or
- GRE score of 164 on quantitative reasoning and 152 on verbal reasoning
Exemptions from additional requirements
- Applicants with an academic bachelor’s/master’s degree from a Belgian university.
- Applicants who completed an exchange programme at our KU Leuven Faculty of Economics and Business and obtained good results can be potentially exempted as well; they need to contact the faculty and request a waiver based on their transcript of records.
If you are a holder of Non-Flemish diploma, you need to complete and submit an application. All applications are evaluated by both KU Leuven admissions office and the relevant programme directors. Admission is ultimately at the discretion of the faculty. Please note that evaluation of applications is based on complete files only and that the criteria published are basic (eligibility) criteria only. Keep in mind that the evaluation process can only start after the applicant has submitted all necessary test results (language and/or GMAT/GRE test results, if applicable). Test results must be submitted by the application deadline at the latest.
Core documents to be submitted
- Copy of high school diploma, higher education degrees and transcripts of academic records
- Translation of diploma and official transcripts
- Proof of English proficiency (unless exemption applies, see above)
- Proof of payment of the application fee
- A photocopy of the identity page of your passport (if you currently hold a Belgian Residence Permit, also upload PDF scans of both sides of the card)
- Letter of motivation
- CV
Programme specific documents
- Course description of all relevant courses
- GMAT- or GRE- result (unless exemption applies, see above)
Programme guide*
Specific course descriptions and detailed admission requirements can be found in the programme guide. The programme guide relates to the current academic year until three months prior to the start of the following academic year.
* Subject to changes.
Preparatory programme leading to the Master of Science (MSc) in Actuarial and Financial Engineering
The preparatory programme consists of one course. Students who have to follow the preparatory programme, can do so simultaneously with the master’s degree.
I have a question
Take a look at our Frequently Asked Questions (FAQs). If you still have doubts feel free to get in touch with the Faculty of Economics and Business of KU Leuven.