Masters in Mathematics in Canada: Fees 2024, Top Colleges, Placements & Salaries

Jasmine Grover logo

Jasmine Grover Content Strategy Manager

Content Strategy Manager

A Masters in Mathematics in Canada is a comprehensive 2-year program, available as either an MSc or MA, across more than 20 universities. Top colleges offering MSc in Mathematics in Canada include the University of Toronto, University of British Columbia, University of Waterloo, Concordia University, and McMaster University. This full-time course covers various theoretical and analytical aspects of advanced mathematics, catering to diverse interests and career aspirations.

To qualify for admission to a Masters in Mathematics in Canada, you need a bachelor's degree in mathematics or statistics with a minimum GPA of 3.0 – 3.3 on a 4.0-point scale. You also need IELTS scores of 6.5 to 7.5 or a TOEFL score of 80 to 100. In terms of financial investment, the tuition fees for an MS in Mathematics in Canada range from CAD 18,812 to 53,742, (INR 11.50 to 32.86 lakhs). Post-graduation, you can earn average salaries of CAD 50,000 to 86,000 in roles such as financial planner, economist, and investment planner. The top employers in this field include RBC Bank, RWDI Air Inc., Kumon, and Best Brains.

Masters in Mathematics in Canada: Highlights

Degree Types MS in Mathematics | MA in Mathematics | MSc in Mathematics
Course Duration 2-years
Admission requirements Bachelor's degree (Maths or Stats) – Overall aggregate of 80-85% 
English Proficiency IELTS 6.5 – 7.5 || TOEFL 80 – 100
Tuition Fee CAD 18,812 to 53,742 (INR 11.50 to 32.86 lakhs)
Average Salary 74,000 CAD (45 lakhs INR)


Masters in Mathematics in Canada: Top Universities

Masters in Mathematics in Canada provides students with graduate training in mathematics. The program's flexible coursework is intended to prepare students for work in academia, government, business, and industry, as well as for further graduate study. The top universities for Masters in Mathematics in Canada, along with the programs offered, application deadlines, and annual tuition fees are given below:

QS Ranking University Program Name Program Deadlines Total Tuition Fee (CAD)
21 University of Toronto MS in Mathematics December 2024 31,659
30 McGill University MS in Mathematics and Statistics 15 July 2024 45,136
34 University of British Columbia MS in Mathematics TBA 19,380
111 University of Alberta MS in Mathematical and Statistical Science 1 May 2024 18,812
112 University of Waterloo Masters of Mathematics (MMath) in Pure Mathematics  1 January 2024 23,088
189 McMaster University MSc Mathematics 30 April 2024 49,996
203 University of Ottava MS in Mathematics and Statistics 1 February 2024 53,742
387 Concordia University MA/MS in Mathematics and Statistics 1 February 2024 36,226
353 York University MA in Mathematics and Statistics 15 January 2024 35,148
671-680 University of Manitoba MS in Mathematics 1 June 2024 38,982

Masters in Mathematics in Canada: Specializations and Subjects

The various subjects and specializations included in the curriculum of Masters in Mathematics in Canada are as follows:

Masters in Mathematics in Canada Specializations
Applied Algebra Introduction to Harmonic Analysis
Algebraic Topology Probability Theory
Ordinary/Partial Differential Equations Stochastic Calculus 
Mathematical Modeling Mathematical Epidemiology

Why study Masters in Mathematics in Canada?

According to the QS World Subject Rankings 2023, 4 universities in Canada are ranked among the top 50 in the world for Mathematics.

  • The average salary after Masters in mathematics in Canada can go as high as 74,000 CAD (45 lakhs INR)
  • The unemployment rate of Canada as of 2022 is 5.29%, which represents abundant job opportunities for graduates.
Parameter Masters in Mathematics in the USA Masters in Mathematics in Canada
Fees 27% more expensive CAD 18,812 to 53,742 (INR 11.50 to 32.86 lakhs)
Visa Students are required to reapply for visas every year Allows students to stay in the country for as long as possible
Employment Opportunities No employment unless you are sponsored Offers PGWP to help you find jobs after graduating

Master's in Mathematics in Canada offers a unique combination of academic excellence, strong career prospects, and a vibrant student life experience.


Masters in Mathematics in Canada Admission

Admission to Masters in Mathematics can be done before the admission deadlines prescribed by Canadian universities are crossed. The following section outlines the eligibility criteria and the admission requirements for an international student to get admission to a Masters in Mathematics in Canada degree program.

Masters in Mathematics in Canada: Eligibility Criteria

To get admission to Masters in Mathematics in Canada, students must fulfil the below requirements.

  • Academic Degree: Candidates must have a bachelor's degree in Mathematics or Statistics
  • Minimum GPA: Candidates must have a minimum GPA of 3.0-3.3 on a scale of 4 or 75-85%
  • English Proficiency Test Score: Candidates must have valid English language test scores of IELTS 6.5-7.5, TOEFL 80-100, etc.
  • Statement of Purpose/Essay: A personal statement is also required for admission to the course
  • Letter of Recommendation: Candidates must submit 2-3 letters of recommendation.
  • Transcripts: Students also must submit transcripts while applying for admission.

Masters in Mathematics in Canada: University Requirements

University Grade/GPA IELTS Score TOEFL Score
University of Tornoto B 6.5 89
University of British Columbia 76% 7.0 100
University of Waterloo 78% 7.5 90
Concordia University - 6.5 90
McMaster University 85% 6.5 92
University of Manitoba 3.0 (B) 6.5 86
University of Alberta 3.3 7.0 100
McGill University 3.0 6.5 86
York University 6.5 80
University of Ottava B+ (75%) 6.5 80

Masters in Mathematics in Canada Cost

The cost of studying Masters in Mathematics in Canada includes tuition cost and the cost of living. Students need to pay the tuition fee ranging from CAD 18,812 to 53,742 (INR 11.50 to 32.86 lakhs) and a living cost of CAD 30,240 (18.55 lakhs). The total cost of studying Masters in Mathematics in Canada is around CAD 49,050 to 1,14,222 (30.27-70.50  lakhs)

Masters in Mathematics in Canada: Tuition Fee

The tuition fee charged for a Master in Mathematics in Canada varies with the university. Based on some of the top universities offering the course, students need to pay around CAD 18,812 to 53,742 (INR 11.50 to 32.86 lakhs).

University Tuition Fee (CAD) Fee for Indian Students (INR)
University of Toronto 31,659 19.36 lakhs
University of British Columbia 19,380 11.85 lakhs
University of Waterloo 23,088 14.11 lakhs
Concordia University 36,226 22.15 lakhs
McMaster University 49,996 30.57 lakhs
University of Manitoba 38,982 23.83 lakhs
University of Alberta 18,812 11.50 lakhs
McGill University 45,136 27.60 lakhs
York University 35,148 21.49 lakhs
University of Ottava 53,742 32.86 lakhs

MS in Mathematics in Canada

Affordable Masters in Mathematics Programs in Canada

Some universities offering affordable masters in mathematics degrees in Canada include – 

Universities Tuition Fee (CAD) Tuition Fee (INR)
University of Montreal 10,684 6.46 lakhs
University of Calgary 15,250 9.22 lakhs
Queen’s University 15,762 9.53 lakhs
Laval University 12,107 7.32 lakhs
University of Guelph 10,650 6.44 lakhs
University of Saskatchewan 10,650 6.44 lakhs

Cost of Living in Canada

Students face various types of expenses including accommodation, meals, transportation, etc. while studying in foreign countries. The average annual expenses that students can face while studying for a Masters in Mathematics in Canada are listed below.

Expense Type Average Annual Expense (CAD) Cost for Indian Students (INR)
Accommodation 21,900 13.45 lakhs
Meals 5,040 3.09 lakhs
Transportation 936 0.57 lakhs
Health Insurance 756 0.46 lakhs
Personal Expenses 1,608 0.98 lakhs
Total 30,240 18.55 lakhs

Cost of Living in Canada

Masters in Mathematics in Canada: Scholarships

International students can avail of various scholarships provided by the Canadian government and top universities in Canada to ease their financial burden. Following are some of the popular scholarships in Canada for international students:

Scholarship Awarded by Eligibility Award Value
CNST Scholarship ACUNS Students with exceptional academic record USD 10,000
Mathematics Global Scholarships University of Waterloo International students enrolled in Mathematics program 12,000-40,000
Mathematics International Elite Awards: India University of Waterloo International students with exceptional academic performance 40,000
Ontario Graduate Scholarship University of Toronto Academic performance 5,000
York Science Scholars Award York University Applicants of exceptional promise 10,000

Masters in Mathematics in Canada: Job Roles and Salaries

Students are offered various job profiles after completing a Masters in Mathematics in Canada. Based on various job profiles including Data Scientist, Data Analyst, Investment Analyst, Teacher, Accountant, etc. students can earn an average annual salary of CAD 75,000 (45.86 lakhs)

Profession Salary (CAD) Salary for Indian Students (INR)
Data Scientist 64,103 39.20 lakhs
Data Analyst 53,348 32.62 lakhs
Investment Analyst 67,747 41.43 lakhs
Teacher 61,578 37.65 lakhs
Accountant 56,515 34.56 lakhs
Statistical Analyst 63,378 38.75 lakhs

Masters in Mathematics in Canada Job Roles

Thinking about staying and working in Canada after your studies? The Post-Graduation Work Permit (PGWP) is your ticket to gaining valuable work experience in Canada. The duration of your PGWP hinges on the length of your course. If you've completed a program that's between 8 months and 2 years long, your PGWP will match the length of your course. But if you've pursued a program that's 2 years or more, you can get a 3-year PGWP. While you're studying, you can work part-time for up to 20 hours a week. It's a great way to earn some extra cash and gain valuable experience.

Top Recruiters

Top recruiters for Masters in Mathematics in Canada are mentioned in the table below. You can also check the salary offered by these recruiters below.

  • RBC Bank – CAD 68,000 – INR 41.71 lakhs
  • RWDI Air Inc – CAD 64,000 – INR 39.25 lakhs

Masters in Mathematics in Canada: Return on Investment

The tuition cost for a Masters in Mathematics in Canada is CAD 18,812 to 53,742 (INR 11.50 to 32.86 lakhs). After completing the program from universities in Canada, students can earn an average salary of CAD 50,000 to 86,000 (INR 30.86-53.09) based on various top universities.

University Total Tuition Fee (CAD) Average Graduate Salary (CAD)
University of Tornoto 31,659 50,000
University of British Columbia 19,380 65,000
University of Waterloo 23,088 67,000
Concordia University 36,226 71,116
McMaster University 49,996 61,000
University of Manitoba 38,982 62,000
University of Alberta 18,812 69,000
McGill University 45,136 86,000
York University 35,148 59,000
University of Ottava 53,742 69,000

MS in Mathematics ROI

Studying Masters in Mathematics in Canada can be a wise decision as it offers education more economical than other countries like the USA. After graduating from Universities in Canada, students can stay in the country to find jobs. Students can earn an average base salary of CAD 75,000 (45.86 lakhs) annually.


FAQs

Ques: What can I do after Masters in Mathematics in Canada?

Ans: You can look for employment after graduation. Some of the most preferred job roles and professions after Masters in Mathematics in Canada include:

  • Data Scientist
  • Data Analyst
  • Investment Analyst
  • Quantitative Analyst
  • Cryptographer
  • Statistician
  • Maths Professor/Lecturer

Ques: What are the requirements for Masters in Mathematics in Canada?

Ans: Checklist for the basic admission requirements and eligibility criteria for Masters in Mathematics in Canada:

  • 4-year Bachelor’s degree (Hons) in Mathematics or Statistics
  • Minimum overall aggregate of 80-85%
  • English Proficiency Test Scores: IELTS: 6.5-7.0 | TOEFL: 92-100
  • 2-3 LORs
  • Personal Statement
  • Letter of Intent
  • Updated Resume/CV
  • Official Transcripts
  • Valid Passport
  • Student Visa

Ques: How much does it cost to get a Masters in Mathematics in Canada?

Ans: The cost of pursuing a Masters in Mathematics in Canada ranges from 9,500-27,000 CAD. For an Indian student, this approximates to 5.74-16.32 lakhs INR.

Ques: What is the salary after Masters in Mathematics in Canada?

Ans: After Masters in Mathematics in Canada, you can expect to earn around 74,000 CAD (45 lakhs INR) a year within the start of your career. As you gain slight experience, your salaries can go up to 200,000 CAD (1 crore INR) a year.

Ques: How much do mathematicians make in Canada?

Ans: The average starting salary of a mathematician in Canada is 58,000 CAD (35 lakhs INR).

Ques: Is a student visa mandatory to pursue Masters in Mathematics in Canada?

Ans: Yes. a student visa is necessary to pursue any academic course in Canada. The cost of a Canadian student visa is CAD 150.

Comments


No Comments To Show