Economics Colleges in Canada: Rankings, Fees, Courses, Eligibility and more

Economics Colleges in Canada provide a huge spectrum of degree courses in International Economics, Financial Economics, Economics for Management Studies, Analysis and Economical Policy, Agricultural Economics, Business Economics, Applied Economics, Population Dynamics, Econometrics, Statistics and Economical Mathematics. Top six universities in Canada providing economics courses are among the top 150 colleges in the world according to QS World Ranking, 2023.

• According to the same agency, the average salary of an Economist in Canada is around 70,000 CAD/year (43.2 L INR)
• As per Job Bank Canada, the Economics profession has expected vacancies of around 20,000 between 2019- 2026.
• The overall economic sector looks promising because of the investment of around $800 million made by the Canadian Government towards Strategic Economics Innovation.

Best Economics Colleges in Canada

Other Economics Colleges in Canada

Economics Colleges in Canada for Undergraduate Programs

Economics Colleges in Canada for PhD Programs

Economics Colleges in Canada: Admission Requirements

University of Toronto

• Applicants will normally have achieved a standing considerably higher than the minimum of at least a mid-B (75%) in the final year.
• Successful completion of full-year courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
• English proficiency requirements: IELTS: 7.0 (6.5 band score) | TOEFL: 93 (22 in writing/speaking)
• LOR
• Scholarship letters (if any)
• Financial documents

University of British Columbia

• Have a strong undergraduate academic record, especially in economic theory, statistics, and econometrics, with at least one year of calculus.
• Have an additional study of calculus and linear algebra.
• Resume
• Statement of Purpose
• Letter of recommendation.

McGill University

• An Honors B.A. in Economics is the normal requirement.
• The minimum acceptable CGPA (Cumulative Grade Point Average) is 3.0 out of a possible 4.0, which is equivalent to “B” on a letter scale, or at least a 3.2/4.0 over the last two years of study.
• Must have taken two terms of calculus, one term of matrix algebra, and statistics.
• Updated Resume
• Proof of finance availability
• Statement of Purpose

Western University

• Applicants must possess a BA i.e. four-year degree from an accredited university.
• The program requires at least a 78% overall average in the last two full-time years of the undergraduate degree.
• Candidates with a 3-year general degree are not eligible.
• Letter of recommendation
• English Proficiency Test Scores: IELTS 6.5 | TOEFL: 80 or above
• Resume

University of Montreal

• Candidates require very good mathematical skills.
• Have obtained a grade-point average at the graduate level of at least 3.3 out of 4.3 or the equivalent.
• Demonstrate good knowledge of French, English and any other language deemed necessary for their research.
• Letter of recommendation
• English Proficiency Test Scores: IELTS 6.5 | TOEFL: 80 or above
• Resume

How to choose Universities?

The educational system in Canada is known for providing world-class education, excellent infrastructure, cultural diversity, and work opportunities that attract a huge influx of students. Educational system in Canada is known for its quality, research, welcoming environment and affordability. Once you have decided which university you want to study in, start searching for the best universities offering that course. After the shortlisted universities, try to analyze how much is the return of investment, including, rankings, job opportunities, fees, course structure, research opportunities, etc. After that, use tools like University Comparer, to have comparison between universities shortlisted. Before finalizing, look at your budget, and the location of the university, and the student profiles of students who graduated to give an idea on how the career of the students who graduated from the university of your choice were.

After that, fill the application form, pay the application fees, wait for the university's decision, and if you have received an offer, you can proceed with the application for a student visa.

FAQs

Ques. Are there any job opportunities for Economics students in Canada?

Ans. The employment outlook will be good for Economists and economic policy researchers and analysts in Ontario for the 2022-2024 period. As per Job Bank Canada, the Economics profession has expected vacancies of around 20,000 between 2019- 2026. The overall economic sector looks promising because of the investment of around 0.8 billion made by the Canadian Government towards Strategic Economics Innovation.

Ques.How many universities in Canada provide Economics Courses?

Ans.Around 70 Canadian Universities offer Economics degrees and courses.

Ques.What is the minimum salary of an economist in Canada?

Ans.The average salary of an Economist in Canada is around 70,000 CAD/year (43.2 L INR)

Ques.Are Scholarships available for international students?

Ans.Yes, each university offers financial assistance for the need- based students. You must check the portal of the university to verify your eligibility.

Ques.How much will it cost to study Economics in Canada?

Ans.The annual tuition cost of Masters in Economics in Canada ranges from 22,500 to 29,000 CAD (13.6 to 17.6 lakhs INR).