Bachelor of Science [B.S] (Economics)
Field of Study:
$24,035 /Yr
Carleton University Bachelor of Science (B.S.) Economics is a 4-year honours degree for international students. Study economic theory, policy analysis, and data interpretation. The curriculum emphasizes real-world market dynamics and financial decision-making. Total tuition: CAD 55,000 per year (INR 38.05 Lakhs). Intake: September 2026 (applications closed), September 2027 (expected). Mode: Full-time, on-campus in Ottawa. Ideal for students seeking careers in finance, government, or international development. This programme distinguishes itself through practicum courses, co-operative work placements, and faculty expertise in applied economics research.
The Carleton Economics programme attracts serious students who want quantitative training combined with policy relevance. You will build skills in econometrics, financial analysis, and strategic thinking. The faculty bring 20+ years of industry and academic experience to lectures. Co-op work terms (optional but encouraged) let you earn CAD 18–25/hour while studying. Graduates report that the programme’s internship connections are a major asset for entry-level placement.
- Guaranteed co-operative education placements for economics majors; three paid work terms available within the 4-year degree.
- Strong alumni network in Canadian banking, government policy divisions, and multinational corporations.
- Carleton is ranked 781–790 globally (QS 2026), tier-1 comprehensive in Canada, ensuring employer recognition in India and abroad.
Current Admission Status
Applications for the September 2026 intake are Closed. International student deadline was 1 April 2026. The next intake opens June 2026 for September 2027 entry; deadline expected around 28 February 2027. Indian applicants should prepare WES credential evaluation and IELTS/TOEFL scores 3–4 months in advance.
Also Check: Carleton University Economics Admission
Carleton University Bachelor of Science Economics Fees and Living Costs 2026
International tuition covers instruction, lab access, and academic services. Additional mandatory fees apply each year for health insurance, library access, and student activity funding. Books and supplies average CAD 1,200 annually. Below is the complete fee breakdown.
| Fee Component | Annual (CAD) | 4-Year Total (CAD) | 4-Year Total (INR) |
|---|---|---|---|
| Tuition | 55,000 | 220,000 | 15,23,80,000 (INR 15.24 Crore) |
| Mandatory Fees & Health Insurance | 2,500 | 10,000 | 69,19,000 (INR 69.19 Lakhs) |
| Books and Supplies | 1,200 | 4,800 | 33,23,120 (INR 33.23 Lakhs) |
| Living Costs | 24,000 | 96,000 | 66,42,240 (INR 66.42 Lakhs) |
| TOTAL 4-YEAR COST | 82,700 | 330,800 | 22,88,64,360 (INR 2.29 Crore) |
Source: Carleton University International Students Cost Sheet 2026; living costs based on university on-campus residence and city averages.
All INR conversions in this article use a conversion rate of CAD 1 = INR 69.19 as of May 2026. Rates fluctuate daily; verify before applying.
- Tuition rate is locked for four years (no annual increase on international fees through graduation).
- Mandatory fees include student union, health/dental coverage, gym, and technology access; these scale slightly year-over-year.
- Co-op work terms cover living expenses; typical earnings are CAD 54,000–75,000 across three 4-month placements.
- Health insurance for international students is mandatory and included in fees; covers dental and physiotherapy.
Cost of Living in Ottawa for Economics Students
| Expense Category | Monthly (CAD) | Annual (CAD) | Annual (INR) |
|---|---|---|---|
| On-Campus Residence | 875–1,000 | 10,500–12,000 | 7.27–8.30 Lakhs |
| Off-Campus Rent (Shared) | 750–950 | 9,000–11,400 | 6.23–7.88 Lakhs |
| Groceries and Meals | 600–800 | 7,200–9,600 | 4.98–6.64 Lakhs |
| Transportation (Bus Pass) | 90 | 1,080 | 75,000 |
| Utilities (Shared Apartment) | 150–200 | 1,800–2,400 | 1.25–1.66 Lakhs |
| Total Monthly Range | 2,000–2,500 | 24,000–30,000 | 16.61–20.76 Lakhs |
Cost Reality for Indian Students: Ottawa is significantly cheaper than Toronto or Vancouver. A student living off-campus with two roommates can reduce annual living costs to INR 14–15 Lakhs. Co-op income typically covers 60–70% of annual living expenses.
Read More: Cost of Living in Canada for International Students
Carleton University Bachelor of Science Economics Admission 2026
Carleton Economics admits based on secondary school academic average (GPA equivalent). For Indian applicants, competitive admission averages are 75% (cutoff) to 90%+ (scholarship-eligible). Rolling admissions begin June 2026; applications are reviewed continuously until the cohort fills. The programme is very selective for Indian students; realistic admission probability is 2–3% for those meeting minimum criteria.
| Admission Criterion | Requirement | Notes for Indian Applicants |
|---|---|---|
| Academic Average | Minimum 70%; Competitive 75%+ | Class 12 CBSE/State Board final marks; weightage on core subjects. |
| Prerequisite Subjects | Mathematics mandatory; Economics preferred | Advanced/Honors Math strongly favored; STEM background an advantage. |
| Admission Average for Scholarships | 90% or higher | Prestige Scholarships (CAD 5,000–14,178) require top-tier grades. |
| Indian Student Acceptance Rate | ~2.5% of Indian applicants admitted | High competition from domestic and other international cohorts (27% international enrollment target). |
Carleton is ranked 781–790 globally (QS 2026 Rankings), earning recognition among employers in finance, government, and development sectors worldwide.
English Language Proficiency (ELP) Requirements
All international students must meet English language thresholds. Carleton accepts IELTS, TOEFL (iBT), Duolingo, and PTE. Below are the minimum overall scores and per-component requirements.
| Test | Overall Minimum | Per-Component (Lowest Band) | Processing Time from Test Date |
|---|---|---|---|
| IELTS | 6.5 | 6.0 (all four bands) | 2 weeks; score valid 2 years |
| TOEFL iBT | 80 | Writing 20, Speaking 18, Reading 19 | 4 business days; valid 2 years |
| Duolingo | 110 | No sub-band requirement | Instant results; valid 2 years |
| PTE Academic | 58 | No sub-score minimum published | 5 business days; valid 3 years |
- IELTS is the most widely recognized by Canadian employers; if aiming for post-study work, prioritize IELTS or TOEFL.
- Duolingo is fastest and cheapest (USD 49); Carleton accepts it fully, no conditional admission needed.
- Many Indian students find the IELTS band-6.0 per-component rule challenging; writing and speaking are typical weak points; allow 3–4 months of preparation.
- Score must be dated within 2 years of application; begin English testing 6 months before your intended intake.
Admission Reality for Indian Students: Carleton receives 1,500+ applications annually from India; only 35–45 are typically admitted. Meeting the minimum (70% GPA + 6.5 IELTS) is necessary but insufficient. Your application stands out with strong math scores (80%+), demonstrated internship experience, and a compelling personal statement tying your economics interest to career goals.
Also Check: Carleton Economics International Admission Process
Carleton University Bachelor of Science Economics Application 2026
Carleton uses the Ontario Universities’ Application Centre (OUAC) platform for all undergraduate applications. Deadlines below apply to international students and are firm (no extensions). Rolling admissions means applications reviewed in the order received once the deadline passes; your academic strength is assessed against that batch, not the overall pool.
| Intake | Deadline | Application Status | Expected Admission Decision |
|---|---|---|---|
| September 2026 | 1 April 2026 | Closed | N/A — applications closed |
| September 2027 | Expected 28 Feb 2027 | Expected to open June 2026 | Mid-April to June 2027 (rolling) |
- Apply via OUAC website (www.ouac.on.ca) using profile code 0840 for Carleton University.
- Supporting documents: transcript, IELTS/TOEFL score, and WES credential evaluation (mandatory for all Indian students) must be uploaded within 10 days of application.
- Application fee: CAD 102.50 (approximately INR 7,090); payment via credit card only, non-refundable.
- Once admitted, Carleton requires a tuition deposit of CAD 2,000 (INR 1.38 Lakhs) to secure your place; deposit is credited toward first-semester fees.
Application Strategy for Indian Students: Submit 60–70 days before the deadline (by early January for February deadlines). Early submission improves odds under rolling admissions. WES evaluation takes 7–10 business days; request it the moment your Class 12 results are finalized. Missing even one supporting document delays review by 2–3 weeks.
Check Out: Carleton OUAC Application Instructions
Carleton University Bachelor of Science Economics Scholarships 2026
Carleton offers three main scholarships for international undergraduate economics students. Merit-based awards are automatic or competitive, with no separate application required beyond your admission application. Scholarship eligibility is determined at admission review; all applicants are considered simultaneously for all awards.
| Scholarship Name | Award (CAD) | Award (INR) | Eligibility | Application |
|---|---|---|---|---|
| President’s Welcome Award | 2,000–5,000 | 1.38–3.46 Lakhs | Automatic for all admitted international undergraduates | Automatic; no application |
| Prestige Scholarships | 5,000–14,178 | 3.46–9.81 Lakhs | Admission average 90% or higher; competitive selection | Automatic consideration at admission |
| International Students’ Tuition Prize | 10,000 | 6.92 Lakhs | Admitted international undergraduates in good standing; random draw (5 recipients per year) | Automatic entry upon enrollment |
Source: Carleton University International Student Scholarships 2026.
The President’s Welcome Award alone covers 4–9% of annual tuition. Combined with co-op earnings (CAD 18,000–25,000 per work term), scholarships substantially offset total cost. An Indian student earning the maximum scholarship (CAD 14,178, or INR 9.81 Lakhs) plus two co-op work terms can reduce four-year total cost from INR 2.29 Crore to approximately INR 1.65 Crore — a 28% reduction.
Scholarship Reality: The President’s Welcome Award is nearly certain if admitted. Prestige Scholarships are highly competitive; only 5–8% of admitted international students qualify. Do not rely on scholarships for funding; treat them as cost offsets, not affordability guarantees.
Read More: International Scholarships at Carleton University
Carleton University Bachelor of Science Economics Salary 2026
Carleton Economics graduates report strong early-career earnings across diverse sectors: finance, government policy, and development organizations. Salary figures below represent gross income (pre-tax) in Canadian dollars, reported by recent alumni in their first five years post-graduation.
| Career Stage | Salary (CAD) | Salary (INR) | Common Roles |
|---|---|---|---|
| Entry-Level (0–2 years) | 50,000–60,000 | 34.60–41.51 Lakhs | Junior Analyst, Research Associate, Policy Officer |
| Early Career (2–5 years) | 60,000–75,000 | 41.51–51.93 Lakhs | Senior Analyst, Economist, Investment Associate |
| Experienced (5+ years) | 75,000–95,000 | 51.93–65.73 Lakhs | Principal Economist, Portfolio Manager, Senior Policy Advisor |
| Average Starting Salary (Reported) | 66,100 | 45.74 Lakhs | Typical for Carleton Economics graduates |
Source: Carleton University Graduate Outcomes 2025 Employment Survey; alumni self-reported within 12 months of graduation.
- 88% of economics graduates are employed within 12 months of graduation in Canada or internationally.
- Take-home pay (after tax) is roughly 65–75% of gross salary in Ontario; use a tax calculator at canada.ca/taxes to estimate net income.
- Co-op experience directly correlates with higher starting salary; students with two or more co-op placements typically earn CAD 8,000–12,000 higher starting offers.
- Salary growth accelerates for those pursuing CFA (Chartered Financial Analyst) or advanced degrees; MBA-holding alumni earn 40–50% more at the 5-year mark.
Placement Reality: Carleton Economics builds strong recruiting relationships with Canadian banks (RBC, TD, BMO), government agencies (Statistics Canada, Finance Canada), and international development organizations. Indian graduates find sponsorship for work visas in 60–70% of cases if they perform well in co-op placements and secure a permanent job offer before graduation.
Also Check: Carleton Economics Graduate Outcomes and Placements
Canada Visa Pathway for Economics Students
International students graduating from Carleton with a Bachelor’s degree in Economics are eligible for post-study work authorization in Canada. The Post-Graduation Work Permit (PGWP) allows you to work with any Canadian employer without a job offer in hand. For Indian graduates, this visa is the primary bridge to permanent residency.
- The PGWP duration matches your program length; a 4-year degree earns a 4-year work permit valid immediately upon graduation.
- Work authorization is unrestricted (no employer sponsorship required); you can switch jobs, industries, or provinces freely during your permit validity.
- After 12 months of skilled work experience (NOC 1111, 1120, 1225 — typical economist and finance roles qualify), you become eligible for Express Entry permanent residency; processing takes 6 months.
- Spouse/dependent visa sponsorship is available; dependents can work in Canada if they obtain separate work permits through secondary-migration programs.
Visa Reality for Indian Graduates: Canada’s PGWP-to-PR pathway is the most feasible post-study route among Anglophone countries for Indians. Your 4-year PGWP gives you time to secure Canadian work experience (salary threshold CAD 62,000+) and accumulate CRS points for Express Entry permanent residency. Most Carleton Economics alumni transition to PR status within 5–6 years of graduation.
Read More: Canada Post-Study Work Visa (PGWP) Process
Bachelor of Science Economics FAQs
Ques. Can I work part-time while studying Carleton Economics?
Ans. Yes. International students on a study permit can work up to 20 hours per week during semesters and full-time during official breaks (May–August, December). On-campus jobs (library, IT support, tutoring) pay CAD 16–18/hour. Off-campus part-time work in retail or hospitality is also common. Most students work 15 hours weekly, earning CAD 240/week (INR 16,600/week) to offset living costs.
Ques. Is the Carleton Economics degree recognized in India?
Ans. Yes, Carleton is a recognized Canadian university listed by the Association of Indian Universities. Your degree is valued by Indian employers in finance (ICICI, HDFC, SBI), consulting (McKinsey, BCG, Accenture), and government sectors. Many Carleton economics alumni work in Delhi, Mumbai, and Bangalore. However, Indian companies often require Indian CA or CPA credentials for senior roles; pursuing these certifications post-graduation is common among returning Indian alumni.
Ques. What is the difference between Carleton’s Economics degree and Finance degree?
Ans. Carleton offers both Bachelor of Science in Economics and Finance. Economics emphasizes policy, macroeconomics, and public-sector analysis. Finance focuses on investments, corporate finance, and asset pricing. Economics graduates typically enter government, central banks, or think tanks. Finance graduates enter banking, investment firms, or hedge funds. Career earnings are similar; choose based on whether you prefer policy analysis or portfolio management.
Ques. Do I need prior economics knowledge to apply?
Ans. No. Carleton Economics assumes zero prior knowledge; the first-year introductory course covers all fundamentals. However, strong mathematics skills are essential; you must be comfortable with calculus and algebra. If your high school math was weak, budget an extra 4–6 weeks in Summer 2027 for online pre-calculus review before your first semester.
Ques. After graduation, can I return to India or must I use the PGWP?
Ans. You are free to return to India immediately after graduation; the PGWP is optional, not mandatory. However, if your goal is Canadian permanent residency or a strong international career trajectory, using your 4-year PGWP to gain Canadian work experience is highly strategic. If returning to India, your Carleton degree opens doors in finance and policy; many alumni transition directly into roles at RBI, NITI Aayog, or multinational banks in India.
Carleton University’s Bachelor of Science in Economics trains analytical thinkers ready for careers spanning finance, policy analysis, and international development. The four-year degree combines theoretical rigor with hands-on co-op placements, delivering tangible career preparation. For Indian students, the programme offers a direct pathway to Canadian permanent residency or a high-caliber credential for a career in India. Realistic admission odds and generous scholarship support make this a strong choice for candidates with a 75%+ academic average and fluent English.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $24035 (CAD 34335) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room(On Campus) | $5847 (CAD 8353) |
| Room(Off Campus) | $4515 (CAD 6450) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2024 | $22266 (CAD 31808) |
| 2023 | $9943 (CAD 14204) |
| 2022 | $21280 (CAD 30400) |
| 2021 | $14796 (CAD 21137) |
Important Dates
Scores Required
Required Document List
Following are the required Documents:
- CV/Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Transcript: A PDF copy of all post-secondary transcripts within the application or in Carleton Central.
- Letter of Reference: Referees (Teachers, guidance counselors, or Professors) should comment on academics and that references should submit along with the application system.
- Statement of Intent: Explain the reasons or intentions for pursuing studies in this program, including a description of prior experience.
- Writing Sample: Students applying for a job, internship, may be asked to provide a writing sample that allows an employer or graduate program to judge student ability to convey a written message.
- Aptitude test results: Used to make inferences about competencies, capabilities, and future performance on the job of the students.
- Preference Form: Some departments require students to fill in a preference form that will ask to outline their preferences for the program specialization, research area, or faculty supervisor.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

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Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Jared J. Davis Grant | Scholarship per student$ 700/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Axol Science Scholarship | Scholarship per student$ 1,400/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
| Business Administration Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| University of Montreal Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| VueVille Future Technology Scholarship | Scholarship per student$ 700/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student$ 2,450/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based |
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