All programmes > Programme > Course of study : Master of Actuarial and Financial Engineering (Leuven)

Master of Actuarial and Financial Engineering (Leuven) (120 ECTS) Master of Science

 

Students with a degree obtained at an institution of the Flemish Community

For applicants who completed their prior education at an institution of the Flemish Community the admission requirements for the Master in de actuariële en financiële wetenschappen apply.

Direct

On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:

  • Bachelor handelsingenieur (Brussel, Leuven)
  • Bachelor handelsingenieur in de beleidsinformatica (Leuven)
  • Bachelor in de bio-ingenieurswetenschappen (Leuven)
  • Bachelor in de economische wetenschappen (Leuven)
  • Bachelor in de fysica (Kortrijk, Leuven) (Minor Business and Innovation, Optie fysica + Minor economie en technologie (geen nieuwe inschrijvingen vanaf 2023-2024))
  • Bachelor in de ingenieurswetenschappen (Leuven)
  • Bachelor in de toegepaste economische wetenschappen (Kortrijk, Leuven)
  • Bachelor in de wiskunde (Kortrijk, Leuven) (Minor economie, Optie wiskunde + Minor economie en technologie)
  • Bachelor of Business Engineering (Brussel)
  • Master handelsingenieur (Leuven)
  • Master handelsingenieur in de beleidsinformatica (Leuven)
  • Master in de economische wetenschappen (Leuven)
  • Master in de handelswetenschappen (Antwerpen, Brussel)
  • Master in de toegepaste economische wetenschappen (Leuven)
  • Master of Business Administration (Antwerpen)
  • Master of Business Administration (Brussel)
  • Master of Business Economics (Leuven)
  • Master of Business Engineering (Leuven)
  • Master of Business and Information Systems Engineering (Leuven)
  • Master of Economics (Leuven)
  • Master of Management Engineering (Brussel)

After a preparatory programme

Students who have obtained an academic Bachelor’s/Master's degree that does not grant direct access can gain access through the Preparatory Programme: Master of Actuarial and Financial Engineering.

On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:

  • After successfully completing the preparatory programme: Voorbereidingsprogramma: Master in de actuariële en financiële wetenschappen / Master of Actuarial and Financial Engineering ( Leuven, 6 sp. ) , the following degrees are accepted:
    • Master in de fysica (Leuven)
    • Master in de statistiek (Leuven)
    • Master in de wiskunde (Leuven)
    • Master of Mathematics (na toelating) (Leuven)
    • Master of Physics (na toelating) (Leuven)
    • Master of Statistics and Data Science (na toelating) (Leuven)
  • After successfully completing the preparatory programme: Preparatory Programme: Master of Actuarial and Financial Engineering ( Leuven, 6 sp. ) , the following degrees are accepted:
    • Master in de fysica (Leuven)
    • Master in de statistiek (Leuven)
    • Master in de wiskunde (Leuven)
    • Master of Mathematics (Leuven)
    • Master of Physics (Leuven)
    • Master of Statistics and Data Science (Leuven)

* Bachelor in de fysica (Kortrijk, Leuven) (zonder Minor Business and Innovation, Optie fysica + Minor economie en technologie (geen nieuwe inschrijvingen vanaf 2023-2024))
* Bachelor in de wiskunde (Kortrijk, Leuven) (zonder Minor economie, Optie wiskunde + Minor economie en technologie)
* Alle masters in de ingenieurswetenschappen
* Alle masters in de bio-ingenieurswetenschappen
* Alle bachelors en masters in de industriële wetenschappen

•  All Masters of Engineering
•  All Masters of Bioscience Engineering
•  All Bachelors and Masters of Engineering Technology



Students with a degree not obtained at an institution of the Flemish Community

Students who did not obtain their previous degree(s) at an institution of the Flemish Community should submit an application via the Admissions Office: https://www.kuleuven.be/english/application/.

You can find a list of core documents, which should be submitted with every application, here: https://www.kuleuven.be/english/application/requesteddocuments.

Diploma requirements

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.

Language requirements

Applicants must prove their English language proficiency by means of a IELTS Academic or TOEFL test. The minimum score for IELTS is 7, while for the TOEFL internet based test it is 94. The minimum sub-scores are 20 out of 30 for the TOEFL results and 6.5 for the IELTS results. Applicants who obtained an IELTS of 6.5 (minimum sub-scores 6.0) or a TOEFL of 90 (minimum sub-scores 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. Candidates who obtained the CPE Certificate or the CAE Certificate with a minimum overall score of 180 meet the requirement of the English language as well. An exemption from the proof of English proficiency by means of het above-mentioned tests is possible for applicants with a secondary education degree or a higher education degree earned in Australia, English speaking Canada, Ireland, New Zealand, United Kingdom or the USA: the degree and transcripts suffice, provided they confirm that the entire study was completed in English.
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.

Students with a Flemish secondary education diploma and/or a Flemish academic bachelor/master degree are also exempted from the English language requirement.

Additional requirements

A GMAT / GRE test result is to be included in the application. For the GMAT (old version)a minimum score of 50 on the quantitative part and an overall score of 620 is required. For the GMAT (new version) a minimum score of 83 on the quantitative part and an overall score of 585 is required. Alternatively a GRE can be submitted with a minimum score of 166 on quantitative reasoning and 154 on verbal reasoning.
Students with an academic bachelor/master degree from a Belgian university are exempted from the GMAT / GRE requirement. Students who completed an exchange programme at the 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.
All applicants must provide a course description of all relevant courses

Additional information

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.

Students with a degree obtained at an institution of the Flemish Community

For applicants who completed their prior education at an institution of the Flemish Community the admission requirements for the Master in de actuariële en financiële wetenschappen apply.

Direct

On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:

  • Bachelor handelsingenieur (Brussel, Leuven)
  • Bachelor handelsingenieur in de beleidsinformatica (Leuven)
  • Bachelor in de economische wetenschappen (Leuven)
  • Bachelor in de fysica (Kortrijk, Leuven) (Minor Business and Innovation, Optie fysica + Minor economie en technologie (geen nieuwe inschrijvingen vanaf 2023-2024))
  • Bachelor in de ingenieurswetenschappen (Leuven)
  • Bachelor in de toegepaste economische wetenschappen (Kortrijk, Leuven)
  • Bachelor in de wiskunde (Kortrijk, Leuven) (Minor economie, Optie wiskunde + Minor economie en technologie)
  • Bachelor of Business Engineering (Brussel)
  • Master handelsingenieur (Leuven)
  • Master handelsingenieur in de beleidsinformatica (Leuven)
  • Master in de economische wetenschappen (Leuven)
  • Master in de handelswetenschappen (Antwerpen, Brussel)
  • Master in de toegepaste economische wetenschappen (Leuven)
  • Master of Business Administration (Antwerpen)
  • Master of Business Administration (Brussel)
  • Master of Business Economics (Leuven)
  • Master of Business Engineering (Leuven)
  • Master of Business and Information Systems Engineering (Leuven)
  • Master of Economics (Leuven)
  • Master of Management Engineering (Brussel)

Bachelor in de wiskunde (Kortrijk) met profielkeuze economie en management
Bachelor in de fysica (Kortrijk) met profiel economie en management

After a preparatory programme

After successfully completing Voorbereidingsprogramma: Master in de actuariële en financiële wetenschappen / Master of Actuarial and Financial Engineering (Leuven, 6 sp.) the following degrees are accepted:

Bachelor fysica zonder minor Business and Innovation,
Bachelor in de wiskunde (Kortrijk) zonder profielkeuze economie en management.
Alle masters in de ingenieurswetenschappen,
Alle bachelors en masters in de industriële wetenschappen

On the basis of the following degrees, or similar degrees, obtained at an institution of the Flemish Community:

  • After successfully completing the preparatory programme: Voorbereidingsprogramma: Master in de actuariële en financiële wetenschappen / Master of Actuarial and Financial Engineering ( Leuven, 6 sp. ) , the following degrees are accepted:
    • Bachelor in de wiskunde (Leuven) (Minor Business and Innovation, Minor fysica en sterrenkunde, Minor onderwijs, Minor verbreding)
    • Master in de fysica (Leuven)
    • Master in de statistiek (Leuven)
    • Master in de wiskunde (Leuven)
    • Master of Materials Engineering (na toelating) (Leuven)
    • Master of Mathematics (na toelating) (Leuven)
    • Master of Physics (na toelating) (Leuven)
    • Master of Statistics and Data Science (na toelating) (Leuven)
  • After successfully completing the preparatory programme: Preparatory Programme: Master of Actuarial and Financial Engineering ( Leuven, 6 sp. ) , the following degrees are accepted:
    • Bachelor in de wiskunde (Leuven) (Minor Business and Innovation, Minor fysica en sterrenkunde, Minor onderwijs, Minor verbreding)
    • Master in de fysica (Leuven)
    • Master in de statistiek (Leuven)
    • Master in de wiskunde (Leuven)
    • Master of Materials Engineering (Leuven)
    • Master of Mathematics (Leuven)
    • Master of Physics (Leuven)
    • Master of Statistics and Data Science (Leuven)


Students with a degree not obtained at an institution of the Flemish Community

Students who did not obtain their previous degree(s) at an institution of the Flemish Community should submit an application via the Admissions Office: https://www.kuleuven.be/english/application/.

You can find a list of core documents, which should be submitted with every application, here: https://www.kuleuven.be/english/application/requesteddocuments.

Diploma requirements

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.

Language requirements

Applicants must prove their English language proficiency by means of a IELTS Academic or TOEFL test. The minimum score for IELTS is 7, while for the TOEFL internet based test it is 94. The minimum sub-scores are 20 out of 30 for the TOEFL results and 6.5 for the IELTS results. Applicants who obtained an IELTS of 6.5 (minimum sub-scores 6.0) or a TOEFL of 90 (minimum sub-scores 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. Candidates who obtained the CPE Certificate or the CAE Certificate with a minimum overall score of 180 meet the requirement of the English language as well. An exemption from the proof of English proficiency by means of het above-mentioned tests is possible for applicants with a secondary education degree or a higher education degree earned in Australia, English speaking Canada, Ireland, New Zealand, United Kingdom or the USA: the degree and transcripts suffice, provided they confirm that the entire study was completed in English.
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.

Students with a Flemish secondary education diploma and/or a Flemish academic bachelor/master degree are also exempted from the English language requirement.

Additional requirements

A GMAT / GRE test result is to be included in the application. For the GMAT a minimum score of 50 on the quantitative part and an overall score of 600 is required. For the GMAT Focus Edition a minimum score of 87 on the quantitative part and an overall score of 565 is required. Alternatively a GRE can be submitted with a minimum score of 164 on quantitative reasoning and 152 on verbal reasoning.
Students with an academic bachelor/master degree from a Belgian university are exempted from the GMAT / GRE requirement. Students who completed an exchange programme at the 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.
All applicants must provide a course description of all relevant courses

Additional information

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).

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