Canada is home to many excellent universities for economics. Some Universities offer a variety of courses and degrees in various fields of expertise. It's hard to choose the best universities in Canada for economics from all those options available.
The production, consumption, and marketing of products and services are all topics covered in the study of economics. Canadian economics colleges offer a broad range of degree courses. However, there were 60,000 international students in Canada in 2022. Our list covers what all students may want to know before they apply to universities in Canada and how they compare with other options available in Canada.There are many advantages to pursuing Economics in Canada, in addition to the internationally recognised curricula and access to cutting-edge knowledge:
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There are approximately 346 courses offered across all degree levels, from bachelor's to doctoral, in the 65 Economics colleges across Canada.
Here is a list that includes some of the top universities in Canada that provide the most significant economics programmes:
|
University |
QS Rankings 2021 (Economics) |
Programs |
|
University of British Columbia |
#23 |
B.A. Economics |
|
B.Sc. Economics |
||
|
B.Sc. Economics and Mathematics |
||
|
Bachelor of International Economics |
||
|
Master of Arts (MA) in Economics |
||
|
University of Toronto |
#22 |
B.A. Economics |
|
B.Sc. in Financial Economics |
||
|
B.A. in Economics and Management Studies |
||
|
BBA in Economics and Management Studies |
||
|
M.A in Economics |
||
|
Master of Financial Economics |
||
|
Master of Finance |
||
|
PPh.D.in Economics |
||
|
McGill University |
#123 |
B.A. Economics |
|
B.Com Economics |
||
|
B.Sc. Economics |
||
|
B.Sc. in Environmental Economics |
||
|
B.Com Economics and Finance |
||
|
B.A. in Economics and Accounting |
||
|
B.Sc. Agricultural Economics |
||
|
M.A. Economics |
||
|
M.Sc. in Agricultural Economics |
||
|
PhD. Economics |
||
|
Queen’s University, Kingston |
#133 |
B.A. Economics |
|
M.A Economics |
||
|
MSc. in Business Economics |
||
|
Master of Finance |
||
|
PhD. in Economics |
||
|
PhD. in Business Economics |
||
|
University of Montreal |
#151-200 |
B.Sc. in Economics |
|
M.Sc. in Economics |
||
|
M.Sc. Management in Applied Economics |
||
|
PPh.D.in Economics |
||
|
PhD in Applied Economics |
The study of the production and consumption of goods and services is covered in three to four years of professional economics coursework in Canada.
This part provides information on the aspects mentioned above. Knowing the costs associated with various institutions and courses and the length of each course is crucial.
|
Program |
University |
Total Program Cost (in CAD) |
Duration (in Years) |
|
B.A. Economics |
University of British Columbia |
164,800 |
4 |
|
University of Toronto |
233,000 |
4 |
|
|
McGill University |
61,800 |
3 |
|
|
Queen’s University, Kingston |
103,700 |
4 |
|
|
University of Winnipeg |
52,700 |
3 |
|
|
University of Guelph |
96,500 |
4 |
|
|
B.Sc. in Economics |
University of British Columbia |
155,900 |
4 |
|
University of Montreal |
60,000 |
3 |
|
|
BBA in Economics for Management Studies |
University of Toronto |
163,000 |
4 |
|
Thompson River University |
60,000 |
3 |
|
|
B.Sc. in Financial Economics |
University of Toronto |
232,800 |
4 |
|
University of Ottawa |
120,900 |
4 |
|
|
B.Sc. in Agricultural Economics |
McGill University |
136,600 |
3 |
|
University of Saskatchewan |
73,100 |
4 |
|
|
B.Com in Economics and Finance |
McGill University |
157,500 |
3 |
Therefore, a variety of bachelor's scholarships are available for overseas students, enabling them to support their stay in Canada.
In Canada, master's degree specialisations in economics, such as the master of science, master of arts, and master of finance, are one to two-year programmes.
The majority of international students favour Canadian postgraduate programmes. The subject is thoroughly studied in master's programmes, and students are also exposed to the realities of the market.
A handful of the well-known master's programmes offered by the best Canadian economics universities are included here.
|
Program |
University |
Total Program Cost (in CAD) |
Duration (in years) |
|
M.A. in Economics |
University of Toronto |
51,000 |
2 |
|
McGill University |
41,800 |
2 |
|
|
Queen’s University, Kingston |
31,000 |
2 |
|
|
University of Ottawa |
15,500 |
1 |
|
|
York University |
15,300 |
1 |
|
|
MSc. in Business Economics |
Queen’s University Kingston |
14,000 |
1 |
|
Brock University |
23,500 |
1 |
|
|
MSc. in Agricultural Economics |
McGill University |
41,800 |
2 |
|
University of Saskatchewan |
15,000 |
2 |
|
|
Master of Financial Economics |
University of Toronto |
112,500 |
2 |
|
Queen’s University Kingston |
71,000 |
2 |
|
|
MSc. in Management- Applied Economics |
University of Montreal |
56,400 |
2 |
|
University of Regina |
15,000 |
2 |
According to Job Bank Canada, a master's in economics offers an average pay of 85,700 CAD per year, which is almost 35% more than that of an employee with an undergraduate degree. 88% of graduates find employment within three months of finishing their degree.
Let's now look at the prerequisites for Economics master's programmes in Canada:
Depending on the university one chooses and the course specialisation, a postgraduate economics degree in Canada can cost anywhere from 15,000 to 112,500 Canadian dollars in tuition. To lessen the financial strain during their stay in Canada, funding is available in the form of international scholarships.
Most students tend to hunt for employment after completing their graduate education. However, some students seek additional higher education opportunities, such as PhD degrees, which offer good career opportunities and competitive pay scales.
According to a recent survey by Economics, business economists with doctoral degrees make up to 40% more than those with master's degrees.
Here are a few PhD programmes offered by major Canadian economics universities, along with their duration and associated costs.
|
Program |
University |
Total Program Cost (in CAD) |
Duration (years) |
|
PhD in Economics |
University of Toronto |
34,900 |
4 |
|
McGill University |
55,000 |
3 |
|
|
Queen’s University, Kingston |
61,900 |
4 |
|
|
University of Montreal |
78,100 |
3 |
|
|
Concordia University |
36,500 |
3 |
|
|
University of Calgary |
69,400 |
5 |
|
|
PhD in Economic Analysis and Policy |
University of Toronto |
38,000 |
4 |
|
PhD in Business Economics |
Queen’s University Kingston |
31,100 |
3 |
|
PhD in Applied Economics |
University of Montreal |
66,800 |
4 |
A recent UNESCO report estimates that Canada spends about 1.7% of its GDP on research. In Canada, there are 4,541 researchers for every million people. A PhD in economics takes three to five years at Canadian universities.
The average price to complete a doctoral degree in Canada is between CAD 31,100 and CAD 78100. Numerous doctoral scholarships and support for international students are offered in Canada to help students stay there longer.
A handful of the well-known scholarships are listed below:
|
Name of Scholarship |
Scholarship Provider |
Benefits (in CAD/year) |
Eligibility |
|
A.F. Brass Memorial Scholarship |
University of British Columbia |
10,800 |
International Postgraduate Students |
|
Karen McKellin International Leader of Tomorrow |
University of British Columbia |
Variable |
International Undergraduate Students |
|
Ontario Graduate Scholarship |
Canadian Provincial Government |
20,900 |
International Postgraduate Students |
|
Paul Foundation Scholarship |
Paul Foundation |
28,654 |
Postgraduate and Doctorate Students |
|
National Overseas Scholarship |
Government of India |
20,290 |
All level of student |
With hundreds of renowned universities, Canada's higher education is regarded as one of the greatest in the world. A good education opens up many chances. An economist can make up to 48,000 to 97,000 Canadian dollars per year, compared to up to 45,000 to 78,000 for business economists.
Job positions are once again a crucial factor that must be highlighted to give international students choosing the top economics degree in Canada an understanding of Canadian work culture and pay scales.
A few of the most sought-after economics-related jobs in Canada are listed here.
|
Designation |
Yearly Salary Range (in CAD/year) |
|
Economist |
48,000-97,000 |
|
Economic Analyst |
49,000-100,000 |
|
Economic Consultant |
68,000-83,000 |
|
Economic Policy Researcher |
75,000-95,000 |
|
Marketing Researcher |
49,500-84,000 |
|
Marketing Consultant |
35,000-90,000 |
|
Business Development Officer |
36,000-99,000 |
|
Economic Development Director |
40,000-110,000 |
If you're looking for institutions in Canada that offer economics programmes, Contact AECC. We'll help you submit an excellent application before the deadline for acceptance. Don't miss the opportunity to attend the university of your dreams by failing to schedule your 30-minute counselling consultation with us!
Many good economics universities can be found in Canada.
Some universities provide a wide range of courses and degrees in a variety of sectors of competence.
For economists, economic policy researchers, and analysts in Ontario, the job prognosis is promising for the years 2021-2023.
The average tuition expense is between CAD 13,000 and 45,000 (about 34 lakh). The average economist salary in Canada (entry-level) is around CAD 42,948 (33 lakh) per year.
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