Masters in Economics in Canada Highlights

authorImageMbbs 7 May, 2024
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Master of Economics in Canada 

Master of Economics in Canada - In Canada, a Masters in Economics is typically a two-year graduate programme open to both domestic and international applicants. Many Canadian colleges provide Masters in Economics in Canada, which enhances each individual's abilities and knowledge. A four-year bachelor's degree with a minimum of 83%-86% in a related discipline is required for a Masters of Economics in Canada. International students may also be required to obtain a GRE exam score of 305 or above for an MA in Economics in Canada. The total English Language Proficiency exam criteria for admission are IELTS scores ranging from 6.5 to 7.5 and TOEFL scores between 86 and 110. The tuition price for the Masters in Economics degree in Canada ranges from CAD 16,800 to 40,000 (INR 10,09,876-24,04,467).

International graduate students performing a Masters in Economics in Canada may expect to earn up to CAD 56,400-1,19,200 (INR 33,86,254-71,56,764). Some of the best universities in Canada that offer Masters degrees in Economics are the University of Toronto, the University of Alberta, and the University of British Columbia. Google, Deloitte, Scotiabank, Statistics Canada, and other major recruiters hire graduates of Canada's Masters of Economics programmes.

Masters in Economics in Canada Highlights

Pursuing a Master of Economics in Canada provides several options and perks. This thorough guide will look into the numerous facets of earning a Masters in Economics in Canada, with a focus on the requirements of potential international students. We'll discuss programme highlights, top institutions, qualifying requirements, admission processes, tuition prices, scholarships, and prospective job prospects after graduation.

A summary of pursuing a Masters in Economics in Canada is as follows:

Masters in Economics in Canada Highlights

Particulars

Details

Program

Masters in Economics in Canada

Degree Type

  • MA Economics Canada

  • MSc Economics Canada

Program Type

Full-time

Program Duration

2 years

Program Eligibility

4 years Bachelor’s degree with an 83%-86% aggregate

English Language Proficiency Requirements

IELTS: 6.5-7.5 TOEFL: 86-110

Entrance Exam Requirement

GRE: 

  • Verbal score = 160

  • Quant score = 155

Tuition Costing

CAD 16,800-40,000

 (INR 10,09,876-24,04,467)

Average Salary

CAD 56,400-1,19,200

 (INR 33,86,254-71,56,764)

Area of Specialization

  • Microeconomics

  • Development Economics

  • Macroeconomics

  • Environmental Economics

  • Econometrics

  • International Economics

  • Public Economics

  • Agricultural Economics

  • Financial Economics

  • Financial Theory

  • Risk Management

  • Quantitative Methods

Subjects

  • Microeconomics

  • Econometrics

  • Quantitative Methods

  • Introduction to Finance

  • Fixed-income securities

  • Financial Theory

  • Risk Management - Principles and Practices

Why Study Masters in Economics in Canada?

There are several reasons why students choose to study a Master of Economics in Canada. Some of the main reasons for considering a Master of Economics in Canada are:

  • Students studying in Canada may expect a high-quality education because all of the universities are top-ranked.

  • Canada has a diversified student population from many cultures.

  • International students have several options for job and research after completing their education in Canada.

  • Faculty in Canadian universities are highly intellectual, and they are well-versed in teaching methods.

  • International students can also afford the Masters of Economics course in Canada.

  • Canadian universities that provide Masters in Economics in Canada employ experienced professional lecturers.

  • According to the QS World Ranking 2023, 14 Canadian universities that offer Masters in Economics programmes are rated among the top 500.

Masters in Economics in Canada - Eligibility Criteria

The qualifying criteria for a Master of Economics in Canada vary per university. However, here are some common qualifying requirements for universities:

  • An applicant must have a four-year bachelor's degree in economics or a comparable discipline from an accredited university.

  • Must have a 3.0 or 4.0 GPA in previous academic records.

  • IELTS score: 6.5-7.5, TOEFL score: 86-110

  • Certain universities demand professional job experience.

  • International candidates seeking to study for a Masters in Economics in Canada must have a student visa.

Masters in Economics in Canada - Admission Process

The admissions procedure for a Masters in Economics in Canada is relatively simple. The admissions procedure varies for every university. Candidates should take the following measures for easy admission:

  • Choose the finest university for your budget.

  • Create a new account by clicking on the chosen university's "Apply Now" section.

  • Checking the qualifying requirements

  • Complete the application form online.

  • Paying the nonrefundable application fee.

  • Wait for an acceptance offer.

Masters in Economics in Canada - Top Universities

Canada offers highly ranked universities that provide best Masters programmes in economics. Here are some of the finest universities offering Master of Economics in Canada:

University

Program

Fees

University of Toronto

Master of Financial Economics (MFE)

  • CAD 57,230 (INR 34,36,087)- For Summer 2023-Winter 2024

  • CAD 28,615 (INR 17,18,043)- Summer 2024-Fall 2024

The University of Alberta

MA in Finance and Economics

CAD 26,622 (INR 15,98,384)

McGill University

MA in Economics, MSc. Agricultural Economics

CAD 27,010 (INR 16,21,679)

The University of British Columbia

MA in Economics

CAD 28,252 (INR 16,96,249)

University de Montreal

Masters in Economics

CAD 43,008 (INR 25,82,199)

The University of Waterloo

MA in Economics

CAD 25,788 (INR 15,48,310)

Western University

Master of Financial Economics (MFE)

CAD 18,782 (INR 11,27,670)

University of Calgary

MA in Economics

CAD 14,700 (INR 8,82,587)

Queen’s University at Kingston

MA in Economics

CAD 23,393 (INR 14,04,515)

Dalhousie University

MA in Economics

CAD 9,099 (INR 5,46,303)

Masters in Economics in Canada - Job Opportunities

Students holding a Masters degree in economics in Canada can pursue a variety of professional choices. Below are some frequent positions that students take up after completing a Masters in Economics:

Job Sectors

Average Annual Salary

Economist

CAD 70,338 (INR 42,23,091)

Research Analyst

CAD 58,437 (INR 35,08,555)

Data Analyst

CAD 56,443 (INR 33,88,836)

Research Director

CAD 1,19,192 (INR 71,56,284)

Senior Analyst, Finance

CAD 81,466 (INR 48,91,216)

Executive Assistant

CAD 56,856 (INR 34,13,632)

Marketing Data Analyst

CAD 58,294 (INR 34,99,970)

Business Analyst

CAD 59,858 (INR 35,93,872)

Economic Analyst

CAD 70,859 (INR 42,54,372)

Product Analyst

CAD 64,793 (INR 38,90,170)

Procurement Manager

CAD 59,169 (INR 35,52,505)

Product Specialist

CAD 56,689 (INR 34,03,606)

Conclusion

In conclusion, studying a Master of Economics in Canada is an excellent decision for those looking to improve their academic credentials and employment chances. Canadian institutions, known for their demanding academic standards and various cultural contexts, provide an enriching educational experience. The availability of many scholarships makes this opportunity more affordable for many people. 

Graduates from these courses may expect a diverse range of job opportunities, as well as attractive incomes that reflect Canada's high standard of living. While tough, this trip promises to provide students with the skills and information they need to prosper in today's global economic world, making it a worthwhile investment in their future.

FAQs

Q.1. Is Economics in Demand in Canada?

Ans. The placement statistics for the Economics sector are improving and are expected to increase further by 2024.

Q.2. What are the MA requirements in Economics Canada?

Ans. A four-year bachelor's degree with an 83%-86% GPA is necessary for a Masters in Economics in Canada.

Q.3. What can I do after completing my Master of Economics in Canada?

Ans: An individual who has completed a Masters in Economics in Canada can work as an economist, consultant, statistician, economic analyst, data scientist, stock market specialist, and so on.

Q.4. What is the minimum aggregate requirement for pursuing a Masters of Economics in Canada?

Ans. To apply to a university in Canada for a Masters in Economics, you must have a Bachelor's degree in Economics or a related field with a minimum aggregate of 75%, or 3.0 GPA out of 4.

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