What Students Read
Read on to get your latest updates on Universities, Courses Offered, Student Visa Updates, and lots more!

The economy is one of the most crucial parts of our market-driven society. International students choose to study their Masters in Economics in Canada because of its quality education system and relatively low tuition compared to other universities in western countries.
A master's degree in Economics requires determining how, when, and where a region's resources should be spent. Masters in Economics is one of those courses that helps students acquire mathematical skills in order to apply them to contemporary economic concerns. This master's degree equips students with industry skills and a wide range of employment prospects in the financial sector after graduation.
The Master of Arts (MA) and Master of Science (MS) degrees in Economics are offered in Canada (MS). It is available at over 20 Canadian universities. A master's degree in economics is also available as a specialist degree in one area, such as Development Economics, Economics, Natural Resources, Agriculture Economics, Economic Policy, and so on. From eligibility to colleges to admissions, here's everything you need to know about pursuing your Masters in Economics in Canada.
Because of the country's outstanding educational quality, international students frequently select Canada to pursue their master's degrees. Canada's educational budget is significant, and its educational facilities are highly regarded. International students may also benefit from studying in a diversified atmosphere with international students worldwide. With all these benefits, studying for a Masters's in Economics in Canada is advised for students looking for the best educational value for their money.
Other reasons to study for your Masters in Canada include:
Read More: Masters In Economics In USA
Suggested Reads:
There are very many colleges, institutes, and universities in Canada that offer masters in Economics. They vary by the quality of educational service they provide, location, and also by language. Some universities offer lessons in French and English.
In the table below, some top Universities in Canada for Masters In Economics are displayed:
University Name |
QS Ranking 2022 |
Course Offered |
Tuition Fees |
University of Toronto |
29 |
Econometrics |
25,610 |
University of Regina |
269 |
Interpretational Economics |
19,000 |
University of British Columbia |
23 |
Macro-Economics |
22,000 |
University of Montreal |
137 |
Financial Economics |
23,120 |
McMaster University |
140 |
Economics |
17,000 |
University of Calgary |
233 |
Econometrics |
20,130 |
The University of Western Ontario |
211 |
Applied Financial Economics |
18,500 |
Queen’s University at Kingston |
239 |
Management- Business Economics |
21,430 |
University if Alberta |
131 |
Interpretational Economics |
25,810 |
McGill University |
111 |
Macro-Economics |
24,380 |
Dalhousie University |
280 |
Economics |
16,320 |
University of Waterloo |
175 |
Financial Economics |
20,000 |
University of Calgary |
233 |
International Economics |
22,120 |
Masters In Economics In Canada: English Test Requirements
Most Canadian universities that offer master's degrees in economics require international students to take special assessments. Language proficiency examinations like TOEFL and IELTS and competitive exams like the GRE are examples of these. Test of English proficiency is essential for Canadian universities to admit international students. Universities in Canada usually require a TOEFL score of 80 and more, a GRE score of 150 and more, IELTS score of 6.5 and more.
Want to know about the Application Process? Click Here
The tuition for a Masters in Economics in Canada varies depending on the location of the University of your Choice. Application costs and student visa fees are extra expenditures. Private institutions are more expensive for international students to attend since they provide specialized and extra educational services. In the detailed table below, you will further learn about the Tuition Fees for Studying Masters in Economics in Canada:
Degree Level |
Tuition Fees |
Masters in Economics |
25,000 CAD |
Bachelor of Arts in Economics |
31,000 CAD |
PhD in Economics |
18,000 CAD |
Graduate Diploma (GrDip) in Economics |
14,000 CAD |
You can apply for several scholarships to study your Masters in Economics in Canada. Students can apply for program-specific as well as graduate-level scholarships. Scholarships from some of the most noteworthy universities in Canada are shown in the table below. You must go through the official website's scholarship page to learn more about the various possibilities for Scholarships or funding.
Name of the Scholarships |
Eligibility |
Toptal Scholarships for Women |
This Scholarship is only available for highly commendable girls or women in different fields. Winners of this scholarship get 5000 - 10,000 CAD |
Ontario Graduate Scholarship |
This is Scholarship given by the University of Waterloo |
Mackenzie King Scholarship |
This scholarship is offered in several Canadian Universities to international students and local students |
AD O’Brien Graduate Scholarship in Public Finance |
University of Alberta gives this scholarship. |
Alberta Graduate Excellence Scholarship |
University of Alberta also gives this scholarship. |
Dorothy J. Powell Graduate Scholarship In International Economics |
This is a scholarship awarded by the university of Toronto to international students and local students studying masters in economics. |
Lise Salvas Foundation Award |
This award is given to international students and local students. It is given in honour of the respected Canadian Economist. |
Maurice Bouchard Foundation Award |
This scholarship is given at the University of Montreal(Université de Montréal) to both international and local students that excel in Economics. |
PBEE Merit Scholarships for Graduates |
This scholarship is a graduate scholarship for students seeking funding. |
Alberta Graduate Excellence Scholarship |
The Alberta Graduate Excellence Scholarship acknowledges outstanding academic accomplishment among Alberta graduate students and rewards them with a scholarship. |
H. Stanley Hunnisett Fund |
According to academic achievement and financial need, graduate students in the department of economics will be given this scholarship. |
After completing your Masters in Economics in Canada, you can work in various job sectors and various positions in the country. Canada has lots of job opportunities for graduates of this course. The salary range is impressive because of the high quality of life in Canada.
Some of the most popular job roles for masters in economics graduates in Canada include:
Job Role |
Salary in CAD |
Economist |
96,000 |
Data scientist |
80,000 |
Data Analyst |
76,000 |
Economics professor |
110,000 |
Financial analyst |
85,000 |
Financial manager |
89,000 |
Hedge fund manager |
120,000 |
Economic Development Director |
90,000 |
Budget Analyst |
77,000 |
Policy Analyst |
72,000 |
Research Officer |
76,210 |
Consultant |
80,000 |
Financial Market Economist |
170,000 |
Truly, choosing to study your masters in Economics in Canada is an excellent choice for students seeking to broaden their horizons, learn in a very accommodating environment and secure high paying jobs that have room for advancements. The educational system and infrastructure in Canada are praise-worthy and it will remain a popular destination for International students for a long time to come.
Well, that was extensive coverage but we have got more information for you at AECC. AECC is the right place for you to expedite your education endeavours with assistance in all aspects from finding accredited courses, to an ideal destination and a leading institution. The expert counsellors provide guidance and will bring your dreams to life.
Master's in Economics in Canada takes around 2 years to complete.
Yes. Job opportunities for economists are expected to increase in the coming years as there is a high demand for qualified professionals.
Credit Analyst is the highest paying economist job in Canada, followed by the Personal Finance Advisor, Policy Analyst, Supply Chain Analyst, Economic Consultant, etc.
By studying Economics, students can aim for the following positions.
Some of the best Institutions in Canada to study Economics Degree:
Test Preparation
Premium Counselling
Get in Touch
About Us
Our Partners
Quick Links
Your Passport to International Education! Sign Up for a Free Consultation session