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Master of Actuarial and Financial Engineering

Master of Science (MSc) in Actuarial and Financial Engineering 2024-2025

Education Level: Academic master's programme
Language of Instruction: English (Dutch-taught equivalent programme available)
Duration: 2 years (full time), 120 ECTS
Type: Daytime education
Location: Leuven
Academic calendar:
- 1^st semester: 3^rd week of September - end of January and the beginning of February (exams in January and the beginning of February)
- 2^nd semester: 2^nd week of February – end of June (exams in June and the beginning of July)
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.

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.

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.

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.

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.

Application instructions and deadlines

1 May (for non-EEA citizens)
1 July (for EEA-citizens)
Beginning of the academic year (EEA and non-EEA applicants residing in Belgium)

* EEA = European Economic Area

Apply now

Tuition fees, scholarships and funding opportunities

EEA citizens: € 1,116.00 / academic year
Non-EEA citizens: € 4,446.60 / academic year¹

¹The tuition fees for Non-EEA citizens are subject to indexation.

Check our most up to date and competitive tuition fees here.

Partial tuition fee waiver

Are you looking for means to finance your studies? Look at the scholarships and funding opportunities.

Why choose the Master of Actuarial and Financial Engineering?

by Prof. Katrien Antonio

Why choose our master’s programmes?

by Fleur Van Winckel, Zain Khalid & Enzo Peeters

FEBTalks is a series of talks by Professors at the Faculty of Economics and Business unravelling a complex world. Two-minutes of insights based on recent research.

Watch here

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.

I have a question