University of Leuven

Financial and Actuarial Engineering, M.Sc.

  • Application Deadline
  • 12 months
    Duration
  • 3500
    Tuition (Year)
    3500
    Tuition (Year)
  • English
    Language
The Master of Financial and Actuarial Engineering programme provides students with up-to-date, sound and advanced financial, actuarial and statistical skills, aiming for university graduates interested in a career in risk management, financial and/or actuarial engineering within financial institutions.
  • Overview
  • Programme outline
  • Key facts
  • Admission requirements
  • Fees and funding

About

The Master of Financial and Actuarial Engineering programme from KU Leuven - University of Leuven provides students with up-to-date, sound and advanced financial, actuarial and statistical skills. It is an intensive, advanced, one-year programme for university graduates interested in a career in risk management, financial and/or actuarial engineering within financial institutions. The discipline focuses on the application of quantitative methods to problems involving risk or uncertainty. You will gain an understanding of current and future problems and solutions in insurance and banking and be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques.

The programme provides advanced insights into the actuarial aspects of life insurance, general insurance and risk theory as well as financial mathematics and the inter-relationship and integration of actuarial sciences and finance. The programme draws on over sixty years of experience and international recognition. The research team for risk theory, finance and statistics has a strong research profile and is ranked among the world top in terms of actuarial research productivity. The programme is jointly offered by the Faculty of Business and Economics and the Faculty of Science at KU Leuven, in collaboration with Université Catholique de Louvain.

Career perspectives

The programme addresses the rapidly-changing needs resulting from the accelerating globalisation of the banking and insurance sector. As such, it provides a sound basis for a career in various areas of risk management, financial and actuarial engineering and insurance. Most graduates find employment in insurance companies, whose financial stability depends on actuarial calculations (e.g. premiums, provisions, capital requirements, reinsurance policy).
As an expert in the field of risk and uncertainty, you can also play an important role in banking and finance. The increasing convergence between the insurance and financial markets as well as the use of mathematically based instruments, such as options and futures, offers excellent career prospects. Graduates are well placed to find employment in banks, pension funds, reinsurance companies, consulting and audit companies.

Programme Structure

At the end of the programme students will:
  • be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques;
  • have advanced insights in the actuarial aspects of life insurance, general insurance, risk theory as well as in the interrelationship and integration of actuarial sciences and financial mathematics;
  • have a strong background in quantitative methods and financial models and will be able to select and apply those methods to problems that involve risk or uncertainty;
  • dispose of enhanced analytical, critical, conceptual, problem solving and decision making capabilities and skills;

Audience

Prospective students should be interested in a career in the actuarial and/or financial sector. Given the quantitative nature of actuarial sciences and financial mathematics, a sound mathematical background and sufficient knowledge of probability theory, statistics and scientific computing is indispensable.

Detailed Programme Facts

    • Starting in

        Apply until:

      • International

      • EEA

      Dates reflect the university's timezone.

  • Credits (ECTS)
    60 ECTS
  • Duration full-time 12 months
  • Languages
    • English
  • Delivery mode
    On Campus
  • Educational variant Part-time, Full-time
  • Intensity Flexible
  • More information Go To The Course Website

Test Scores

StudyPortals Tip: The Graduate Management Admission Test® (GMAT®) is a standardised exam, delivered in English, used in admissions for thousands of business masters programmes globally. By taking this test you can show your suitability for this programme. The GMAT exam has been shown to be a valid predictor of academic performance in MBA and other business masters programmes. Learn more

Academic Requirements

PRIOR EDUCATION REQUIREMENTS

* Holders of one of the following degrees obtain direct admission to the program:

  • Master in de verzekeringen from the Faculty of Economics and Business at KU Leuven, Campus Leuven.

and

  • Master of Mathematics from a Flemish university

  • Master of Statistics from a Flemish university

  • Master of Physics from a Flemish university

  • Master of Business Engineering from a Flemish university

  • Master of Business Engineering: Information Systems Engineering, from a Flemish university

  • Master of Engineering Science (except Architecture) from a Flemish university

Tuition Fee Per Year

  • EUR 3500 International
  • EUR 3500 EEA
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The award recognises studying abroad as a positively life changing experience for many students as well as promoting intercultural understanding and tolerance. Successful candidates will receive up to £10,000 to be applied toward the cost of tuition fees.

Funding

EU - (INCOMING)
  • Central bilateral agreements - Grants for Phd students and staff
  • FWO Research Funding
  • DBOF - PhD Scholarships
  • F+ - Fellowships for incoming postdocs
  • AXA Research Fund
NON - EU (INCOMING)
  • Marc Vervenne Fund
  • Roger Dillemans Fund
  • Coimbra Group Scholarship Programme
  • Erasmus Mundus Partnerships
  • FWO Research Funding
  • Doctoral Scholarships in the framework of the Interfaculty Council for Development Cooperation
  • Travelling allowances for teaching staff and professors in the framework of the Interfaculty Council for Development Cooperation
  • Specialisation grants for researchers from developing countries
  • VLIR-UOS Scholarships for short training programme ITP (developing countries)
  • VLIR-UOS Scholarships for Master Programmes ICP (developing countries)
  • VLIR-UOS Scholarships for ICP PhD students
  • Science without Borders Brasil (2012-2014)
  • Belgian bilateral cooperation grants for study and training for nationals of partner countries
  • (Algeria - Benin - Bolivia - Burundi - DR Congo - Ecuador - Mali - Morocco -Mozambique - Niger – Palestinian Territory - Peru - Rwanda - Senegal -South Africa - Tanzania - Uganda – Vietnam)
  • DBOF - PhD Scholarships
  • F+ - Fellowships for incoming postdocs
  • Latin America Fund
  • EU-ALFA III (Latin-America)
  • EU-ACP (Africa, Carribean and Pacific)
  • EU-ASEM
  • EU-SARC (South Asia)
  • EU-SARC (South-East Asia)
  • EU – Central Asia
  • EU – ENPI (Neighbourhood and Russia)
  • Belgian Bilateral Scholarship Programme for Vietnamese students
  • China Scholarship Council Programme for Chinese students and scholars

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