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Actuarial and Financial Engineering, MSc

KU Leuven, Belgium

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The award How you will study Study duration Course start Domestic course fees International course fees
MScFull-time2 yearsSeptember find out find out

About Actuarial and Financial Engineering, MSc - at KU Leuven

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.

What is the programme all about?

The Master of Actuarial and Financial Engineering covers the fundamental concepts of insurance, techniques for quantitative risk management and principles of modelling assets and liabilities.


The Master’s programme consists of two years of 60 ECTS each. The compulsory core consists of about 90 ECTS, 24 of which are accredited to the master’s thesis, the remaining ECTS consist of compulsory courses, organised along five major topics:

  • Actuarial Engineering: Life, Health and Pensions (18 ECTS)
  • Actuarial Engineering: Data Science Methods (12 ECTS)
  • Risk Engineering (18 ECTS)
  • Financial Engineering (12 ECTS)
  • Regulation (4 ECTS)

You supplement the compulsory courses with electives along the same five domains, which consist of both business oriented and research oriented topics to cover your interests. An optional internship, research project in the LRisk research center, or summer school is also included in the possibilities. 


  • You will acquire advanced training in the modelling and managing of risks in financial institutions and learn to combine this knowledge across the different domains and to transform it into useful solutions to meet the challenges of insurances, pensions and financial risk management.
  • The diploma of Master of Actuarial and Financial Engineering allows students to join the professional associations of actuaries: the IA|BE (Institute of Actuaries in Belgium) and (via IA|BE) the IAA (International Actuarial Association).
  • International experience: you can spend the first semester of your second Master year abroad with one of the partner universities in our international network, both within and outside Europe. More information can be found on the website of the international office. In addition you will include 10 ECTS elective courses from the actuarial science programmes at ULB or UCLouvain

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Learn more about Actuarial and Financial Engineering, MSc - at KU Leuven

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