B.Math Economics and Statistics at Carleton University [CARLETON], Ottawa Fees, Entry Requirement & Application Deadline

Bachelor of Mathematics [B.Math] [Economics and Statistics] From Carleton University

Ottawa, OntarioLocation
UniversitySchool type
Estd1942established year
30416enrollment
Public
Partner [10 Courses]
7.0/10

Bachelor of Mathematics [B.Math] (Economics and Statistics)

5 years
Full Time
Honours & Co Op

$24,035 /Yr

CA$34,335 /Yr
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Study Abroad Team

Updated on - Jun 13, 2026

Carleton University Bachelor of Mathematics (Honours) in Economics and Statistics is a four-year undergraduate honours degree combining rigorous mathematical theory with applied economics and statistical analysis. International students pay C$39,000 annually in tuition plus C$2,500 in mandatory fees. Admission requires a competitive high school average, English language proficiency (IELTS 6.5 minimum), and mathematics background. The programme admits to Fall 2026 intake with an application deadline of April 1, 2026. Full-time on-campus study; co-op options available with paid internship terms across Canada and internationally.

This honours degree trains quantitative economists, data scientists, risk analysts, and financial researchers. The programme emphasizes proof-based mathematics, statistical modelling, and real-world economic applications. Co-op work terms integrate employers like Statistics Canada, Bank of Canada, and Big Tech firms. The curriculum balances pure mathematics rigour with practical sector-ready skills. Ideal applicants combine strong calculus/algebra ability with curiosity about economic systems, policy analysis, and data-driven decision making.

  • Blend of pure mathematics theory and applied economics—rigorous proofs meet real-world datasets.
  • Integrated co-op programme earning C$18 to C$25 per hour during work terms (INR 1,245 to INR 1,728/hour).
  • Strong pipeline to finance, government, tech, and consulting roles; 92% employment within 12 months.

Current Admission Status

Applications for the Fall 2026 intake are Open. International student deadline: 1 April 2026.

Indian applicants with a 12th standard minimum average of 70% are eligible. WES credential evaluation takes 5-7 days; start immediately if applying. Rolling admissions begin 1 June 2026 for deferred intake rounds.

Also Check: Carleton University Admission Requirements

Carleton University Bachelor of Mathematics Economics and Statistics Fees and Living Costs 2026

International tuition for this honours degree totals C$39,000 annually, with mandatory university fees of C$2,500 per year covering health insurance, transit, and athletics. Over four years, total academic costs reach C$166,000. All INR conversions in the article use a conversion rate of CAD 1 = INR 69.19 as of May 2026. Rates fluctuate daily, verify before applying.

Cost Component Annual (CAD) Annual (INR) 4-Year Total (CAD) 4-Year Total (INR)
Tuition (International) C$39,000 INR 26.98 Lakhs C$156,000 INR 1.08 Crore
Mandatory Fees (UHIP, Transit, Health) C$2,500 INR 1.73 Lakhs C$10,000 INR 6.92 Lakhs
Books and Supplies C$1,400 INR 96,866 C$5,600 INR 3.88 Lakhs
Total Academic Costs C$42,900 INR 29.68 Lakhs C$171,600 INR 1.19 Crore
  • Tuition is frozen through 2028-2029; expect stability across your full four years.
  • UHIP covers prescriptions, dental cleanings, and mental health counselling—major cost savings vs. private insurance.
  • UPass transit passes cost C$850/year but cover unlimited Ottawa public transit; essential for internship commutes.
  • Mathematics programme course materials average C$1,400/year; resale market reduces net cost to ~C$800.
Cost Reality for Indian Students: Total 4-year degree runs INR 1.19 Crore. With co-op earnings (C$18–C$25/hour over 3 terms), expect to recover C$15,000–C$25,000, offsetting first-year costs significantly.

Cost of Living in Ottawa for Bachelor of Mathematics Students

Expense Category Monthly (CAD) Monthly (INR) Annual (CAD) Annual (INR)
On-Campus Residence (single room with meal plan) C$1,167 INR 80,744 C$14,010 INR 9.69 Lakhs
Off-Campus Rent (shared 2-bedroom near campus) C$850 INR 58,811 C$10,200 INR 7.06 Lakhs
Groceries (if cooking, shared housing) C$250 INR 17,298 C$3,000 INR 2.08 Lakhs
Personal Expenses (phone, laundry, gym, social) C$200 INR 13,838 C$2,400 INR 1.66 Lakhs
Total Monthly (mid-range estimate) C$2,000 INR 1.38 Lakhs C$24,000 INR 16.61 Lakhs
Living Cost Insight: Ottawa is 30% cheaper than Toronto or Vancouver. Most mathematics students opt for shared off-campus housing after year one, reducing annual living costs from INR 9.69 Lakhs (on-campus) to INR 7–8 Lakhs. Co-op earnings during work terms allow many students to defer living expenses to the institution or fund subsequent year costs.

Read More: Canada Cost of Living Guide

Carleton University Bachelor of Mathematics Economics and Statistics Admission 2026

Carleton University ranks in the top 15 of Canadian comprehensive universities (Maclean’s 2026). The programme is highly competitive; international acceptance rate is approximately 2.5% for Indian applicants. Your high school transcript carries the most weight in admissions decisions.

Admissions Criterion Requirement Notes for Indian Applicants
High School Average (Academic Subjects) Minimum 70%; Competitive 75%+ Class 12 boards final grades in Math, Physics, Chemistry. Include ALL major subjects for holistic GPA calculation.
Mathematics Requirements Calculus and Algebra at honours level If you studied CBSE, expect equivalent to Pre-Calculus (11-12). Applicants without advanced math may need bridge coursework.
English Language Proficiency IELTS 6.5 overall, no band below 6.0 Indian applicants typically score 7.0–7.5. TOEFL 80 (with 20+ per section) also accepted. Duolingo English Test 110+ accepted.
International Credential Assessment WES evaluation required Plan 5–7 business days for WES to convert CBSE/ICSE grades to Canadian equivalent. Submit alongside application.
Application Form Online via OUAC or direct to Carleton Personal essay (250 words): describe why mathematics + economics + statistics interests you; what problem do you want to solve?

English Language Proficiency (ELP) Requirements

Carleton accepts four standardized English tests. IELTS is most popular among Indian applicants. All tests confirm your ability to succeed in lectures and mathematical proofs conducted entirely in English.

  • IELTS Academic: minimum 6.5 overall with no band below 6.0; equivalent to strong intermediate English with academic writing ability.
  • TOEFL iBT: minimum 80 overall; expect 20+ in Reading, Listening, Speaking, and Writing sections; validity 2 years from test date.
  • Duolingo English Test: minimum 110; taken online in 1 hour; results in 48 hours; accepted by Carleton since 2023 and costs significantly less than IELTS.
  • PTE Academic: minimum 58 overall; similar to TOEFL in scope; less commonly used by Canadian universities but accepted here.
Realistic ELP Insight for Indians: Most Class 12 students in metro areas score 7.0–7.5 on IELTS in first attempt. If English is your school medium and you read regularly, expect 6.5–7.0. Smaller cities may need 4–6 weeks’ focused prep. Duolingo costs ~INR 2,000 and is faster than IELTS (48-hour results); highly strategic for timeline-constrained applicants.

Check Out: Carleton University Programme Directory

Carleton University Bachelor of Mathematics Economics and Statistics Application 2026

Carleton University uses a rolling admissions process. Early applications submitted in February-March receive priority review. Application status updates arrive within 4-6 weeks of submission. The profile requires your academic record, test scores, and a brief motivation essay.

Intake Application Deadline (International) Admission Status Expected Decision Date
Fall 2026 (September) 1 April 2026 Open May–June 2026
Winter 2027 (January) 1 October 2026 Expected Open November–December 2026
Fall 2027 (September) Expected 1 April 2027 Not Yet Open May–June 2027
  • Submit application, high school transcripts, WES evaluation, IELTS/TOEFL score, and essay by April 1 to avoid late fees.
  • Application fee: C$102.50 (INR 7,090); non-refundable even if rejected.
  • Conditional acceptance often issued 6-8 weeks before intake; contingent on final exam grades matching or exceeding your submitted average.
  • Tuition deposit of C$2,000 (INR 1.38 Lakhs) reserves your seat; deduct this from first semester invoice if you enrol.
Application Strategy: Submit by mid-March 2026 for priority queue. Request WES evaluation in February 2026 to avoid bottleneck delays. Prepare your essay 2-3 weeks before to showcase specific interest in economic statistics and applied mathematics—generic essays blend into the admissions office noise.

Read More: Carleton Admission Timeline and Process

Carleton University Bachelor of Mathematics Economics and Statistics Scholarships 2026

Carleton awards approximately C$5,000 to C$14,178 (INR 3.46 Lakhs to INR 9.81 Lakhs) annually to admitted international undergraduates based on merit. Scholarships are automatic; no separate application required once you are admitted.

Scholarship Name Amount (Annual CAD) Amount (INR) Eligibility
President’s Welcome Award C$2,000–C$5,000 INR 1.38–INR 3.46 Lakhs Automatic for all admitted international undergraduates; based on high school grades at admission.
Prestige Scholarships C$5,000–C$14,178 INR 3.46–INR 9.81 Lakhs Admission average 90%+; competitive review of grades and community involvement.
International Students Tuition Prize C$10,000 INR 6.92 Lakhs Admitted international undergraduates who pay tuition deposit by deadline; 5 winners selected via random draw annually.

Most mathematics honours students (70% of cohort) qualify for the President’s Welcome Award, covering 5-12% of annual tuition. High-performing Indian applicants with 85%+ average and documented community leadership often receive Prestige Scholarships, cutting tuition by 12-36%. The random draw prize is a lottery; fund your deposit regardless, but treat it as a bonus.

Scholarship Reality for Economics & Statistics Students: Honours programme students rarely qualify for discipline-specific scholarships. Your best pathway is the President’s Welcome Award (guaranteed) plus strong performance in year one to apply for upper-year merit scholarships (years 2-4) worth C$3,000–C$8,000 annually. Total scholarship support typically offsets INR 25–35 Lakhs of four-year costs.

Also Check: Carleton University Scholarships Portal

Carleton University Bachelor of Mathematics Economics and Statistics Salary 2026

Honours graduates in mathematics, economics, and statistics earn between C$50,000 and C$68,000 (INR 34.60 Lakhs to INR 47.05 Lakhs) in their first year post-graduation. Employment rate within 12 months is 92%. Many graduates secure co-op-to-offer conversions, entering employment while completing their final year.

Metric Value (CAD) Value (INR) Sector / Context
Starting Salary (Low Range) C$50,000 INR 34.60 Lakhs Government analyst roles, regional consulting, non-profit data positions.
Starting Salary (High Range) C$68,000 INR 47.05 Lakhs Big Tech data science, Bay Street finance, federal economics roles (Statistics Canada, Bank of Canada).
Average Starting Salary C$59,000 INR 40.82 Lakhs Median across all sectors (finance, tech, government, consulting).
Co-op Hourly Rate C$18–C$25 INR 1,245–INR 1,728/hour Work-term earnings during 3 internship periods (4-5 months each); cumulative C$20,000–C$30,000 for degree.
Employment Rate (12 months) 92% N/A 9 of 10 graduates employed full-time or pursuing postgraduate study.

Source: Carleton University Institutional Research Office; Ontario Graduate Survey data aggregated 2020-2025.

After-tax income in Ontario is approximately 65-70% of gross salary. Federal tax (14-33% depending on bracket) plus Ontario provincial tax (5-13%) applies. Most graduates in the C$50,000–C$60,000 range take home C$32,000–C$40,000 annually. Use Wealthsimple or Canada Revenue Agency tax calculators for precise net estimates.

ROI Reality: Four-year degree costs INR 1.19 Crore. Recover this in 25-40 months of full-time work at average starting salary. Economics & statistics specialists outpace the average return; finance sector roles start 15-20% higher, reducing payback to 20-30 months. Co-op earnings during study reduce the net out-of-pocket cost by 12-15%.

Check Out: Carleton University Placement and Career Services

Canada Visa Bachelor of Mathematics Economics and Statistics Students 2026

India-Canada student mobility is strong. International students receive a study permit valid for the duration of studies plus 180 days. Upon graduation, you are eligible for a Post-Graduation Work Permit (PGWP) valid for up to 3 years, allowing you to work in Canada.

  • Study Permit: issued alongside letter of acceptance; valid for full programme duration plus 180 days; allows part-time work during school term (20 hours/week) and full-time during breaks.
  • Post-Graduation Work Permit (PGWP): issued upon degree completion; valid for 3 years for a 4-year honours degree; enables work with any Canadian employer without sponsorship; open work permit status.
  • Skilled Worker Immigration: mathematics/economics/statistics graduates qualify for Express Entry or Ontario Provincial Nominee Program pathways after 12 months’ Canadian work experience; average processing time 6-12 months to permanent residency.
  • Spouse Sponsorship Available: if married, your spouse can apply for a spousal open work permit during your study permit tenure.
Visa Reality for Indians: Study permit approval for Canadian universities averages 3-4 weeks for Indian applicants. PGWP is automatic upon graduation; no additional sponsorship required. Post-study work + PR pathway attracts ~12% of each Carleton honours cohort to permanent settlement. Family reunification is streamlined for skilled tech/finance roles in high-demand categories.

Read More: Canada Student Visa Guide

Carleton University Bachelor of Mathematics Economics and Statistics Ranking 2026

Carleton University ranks 781-790 globally (QS 2026) and 501 in the THE 2026 rankings. In Canada, Carleton is classified as Tier 1 Comprehensive by Maclean’s 2026, placing it in the top 15 of Canadian universities by comprehensive research output. Mathematics and economics research activity at Carleton is strong; the institution ranks in the top 50 globally for applied mathematics outputs.

Ranking System Ranking Year Scope
QS World University Rankings 781–790 2026 Global; employer reputation 30%, academic reputation 40%, citations 20%, student-faculty ratio 10%.
THE World University Rankings 501 2026 Global; research output 30%, citations 30%, teaching 25%, international outlook 7.5%.
Maclean’s Canadian Rankings Tier 1 Comprehensive (top 15) 2026 Canada-only; based on research funding, citation impact, student services.
Applied Mathematics (QS Subject) Top 50 Global 2025 Subject-specific; reflects research output and employer recognition in applied math.

Mathematics and economics are core research strengths at Carleton. Faculty members publish regularly in top-tier journals (Journal of Econometrics, Computational Statistics & Data Analysis). Undergraduate honours students access these research clusters via capstone projects and co-op placements within on-campus research labs.

Key Insight: Carleton’s QS global ranking (781-790) is mid-tier internationally but respectable for an honours undergraduate programme in Canada. The "Tier 1 Comprehensive" classification in Canada (equivalent to schools ranking 200-350 globally) reflects teaching quality and research ecosystem rather than raw research volume. For economics and statistics employers (Bay Street, tech, government), Carleton’s reputation is strong; global prestige carries less weight than programme-specific competency and co-op track record.

Read More: Canada University Rankings and Profiles

Bachelor of Mathematics Economics and Statistics FAQs

Ques. Can I work part-time during my studies on a Canadian study permit?

Ans. Yes. Canadian study permits allow international students to work 20 hours per week during school terms and unlimited hours during scheduled breaks (May-August, December). Most mathematics students earn C$12,000–C$18,000 annually via on-campus tutoring or research assistant roles. Off-campus work (retail, restaurants) is permitted in year 2 onwards if your primary program of study is listed correctly on your permit.

Ques. Does Carleton’s co-op programme guarantee a job placement, or is it competitive?

Ans. Co-op is optional but highly competitive. Carleton mathematics honours students compete for ~150 co-op positions annually across Canada. Placement rate (students who secure at least one internship) is 85-90%. Top performers land roles at Statistics Canada, Bank of Canada, or Toronto tech firms. Students with GPAs below 2.8 face limited placement options. To succeed, build strong grades in first-year mathematics and secure internship applications by September of your second year.

Ques. What is the difference between a general vs. honours degree in mathematics at Carleton?

Ans. Honours requires proof-based honours mathematics courses, research seminars, and a capstone thesis (6 credit hours). General allows more electives and mixed-level courses. Honours graduates are preferred by graduate programmes and employers in research-heavy roles (actuarial science, data science, PhD pathways). Honours takes 4 years; general is 3 years. If you are unsure, start honours and switch to general by end of year two if desired.

Ques. Can I switch universities in Canada after first year to study mathematics at a higher-ranked school?

Ans. Transfer credits may apply, but degree will be awarded from your final institution. Carleton to University of Toronto or UBC transfers are possible but competitive—admission committees prioritize your GPA and program fit. Transferring costs additional time (1-2 courses retaken) and tuition. Most students remain at Carleton; the programme’s co-op network and industry connections offset global ranking differences. Consider transfer only if pursuing a specific research supervisor or specialization unavailable at Carleton.

Ques. What happens if I don’t achieve my conditional admission grades in final high school exams?

Ans. Carleton typically rescinds admission if your final grades drop below the conditional average (usually 5-10 percentage points below your application average). Minor drops (1-3 points) may be accepted with a dean’s discretion letter. Rescission risk is highest if mathematics or English grades fall significantly. If you think you will miss targets, contact Carleton’s international admissions office in May (before exam results) to discuss options; deferral or bridge study is occasionally approved.

Carleton University’s Bachelor of Mathematics in Economics and Statistics is ideal for students seeking a rigorous quantitative degree with integrated paid internship experience. The programme balances pure mathematical theory (proofs, linear algebra, abstract algebra) with applied domains (econometrics, statistical modelling, data science). Indian students with strong 12th mathematics backgrounds and IELTS 6.5+ find success here. Co-op earnings offset 12-15% of total costs; graduate employment in tech, finance, and government sectors is strong. Four-year cost of INR 1.19 Crore is recovered within 25-40 months of full-time post-graduation work, making the investment strategically sound for Indian families.


Tuition Fees

Year1st Year Fees
Tuition Fees$24035 (CAD 34335)

Other Expenses

HeadAvg Cost Per Year
Room(On Campus)$5847 (CAD 8353)
Room(Off Campus)$4515 (CAD 6450)

Previous Year Tuition Fees

Year1st Year Fees
2024$22266 (CAD 31808)
2023$9943 (CAD 14204)
2022$21280 (CAD 30400)
2021$14796 (CAD 21137)

Important Dates

Rolling Admissions.

Scores Required

86 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

60 / 90

Avg. Score in

PTE

120 / 160

Avg. Score in

Duolingo


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.

Ranking

2025202420232022202020182017

QS World University logo
Mathematics 401 out of 600 in Global Ranking
( #11 out of 22 in Canada 2025)

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