Bachelor of Arts [B.A] (International Economics and Finance)
Field of Study:
$29,749 /Yr
Bachelor of Arts (B.A) International Economics and Finance at Toronto Metropolitan University
The Bachelor of Arts in International Economics and Finance at Toronto Metropolitan University offers a rigorous, practice-focused curriculum designed for students aspiring to careers in global finance, policy analysis, and international trade. Located in Toronto’s vibrant financial district, this four-year honours degree combines economic theory with real-world applications, preparing you for roles in multinational corporations, international development organizations, and financial institutions.
This program integrates economic principles with finance, international business, and policy analysis. You will develop expertise in financial markets, foreign exchange systems, trade policy, and global economic structures while gaining practical experience through case studies, simulations, and optional internships. The curriculum emphasizes analytical skills, quantitative reasoning, and cross-cultural business understanding essential for navigating complex international markets.
Toronto Metropolitan’s location in Canada’s financial capital provides unmatched networking opportunities with industry professionals and placement pathways into leading firms. The university’s strong ties with financial institutions, government agencies, and international organizations create pathways to meaningful internships and graduate roles across North America and globally.
Programme Details and Course Structure at Toronto Metropolitan
The Bachelor of Arts in International Economics and Finance is a four-year, full-time programme offered by the Faculty of Arts. The total duration is 48 months, with instruction delivered in English on the main campus in downtown Toronto. You will complete approximately 120 credit hours across eight semesters, balancing foundational economics courses, specialized finance modules, international business studies, and electives in your area of focus.
The curriculum is structured in progressive complexity: foundational year covers microeconomics, macroeconomics, calculus, and statistics; second year introduces financial accounting, corporate finance, international economics, and quantitative methods; third year focuses on advanced topics such as international finance, derivatives, economic development policy, and financial institutions; the final year offers flexibility through electives in areas like central banking, cryptocurrency markets, development economics, and emerging markets finance. A significant capstone project or advanced seminar synthesizes your knowledge in a real-world context.
Optional co-op placements are available within Canada and internationally, allowing you to integrate four-month paid work terms into your degree. Students typically earn between C$18,000 and C$22,000 per term during co-op placements, partially offsetting tuition costs. Approximately 85-90% of students secure co-op positions with employers in banking, finance, government agencies, and international development organizations.
| Programme | B.A (Honours) International Economics and Finance |
| Duration | 4 years (Full-time) / 5 years (with one or two co-op terms) |
| Credits Required | 120 credit hours |
| Delivery Mode | Full-time, on-campus in Toronto |
| Faculty | Faculty of Arts, Toronto Metropolitan University |
| Location | Downtown Toronto, Ontario, Canada |
International Student Admission Requirements for Economics and Finance
Toronto Metropolitan welcomes applications from Indian and international students for the Bachelor of Arts in International Economics and Finance. You must hold a secondary school diploma or equivalent qualification (such as the Indian Higher Secondary Certificate or 12+2 qualification). A minimum average of 70% across your final secondary qualification is required for general admission; however, Indian applicants pursuing this programme typically present averages between 75-82%, with particular strength in mathematics and English subjects.
Required subjects include English language studies (Grade 12 level or equivalent, minimum 70%), Mathematics including Calculus or Advanced Functions (minimum 70%), and ideally a background in Economics or Business Studies. Strong performance in quantitative subjects significantly strengthens your application. Your secondary transcripts, including subject-wise marks, will be evaluated by the International Admissions office.
English language proficiency is mandatory. If English is not your medium of instruction, you must demonstrate competency through IELTS or TOEFL scores. An IELTS overall band of 6.5 with a minimum of 6.0 in each band is required. Alternatively, TOEFL iBT requires a total score of 83 with a minimum score of 20 in each section. PTE Academic (minimum 59) and Duolingo English Test (minimum 120) are also accepted. Many Indian students prepare for these examinations through coaching institutes in India; allow 2-3 months for test registration and score reporting.
| Admission Criterion | Requirement |
| Secondary Diploma | Ontario Secondary School Diploma (OSSD), Indian 12+2, or equivalent |
| Minimum Average | 70% overall; typical Indian applicant range: 75-82% |
| Required Subjects | English (70%), Mathematics (70%), ideally Economics or Business |
| IELTS | Overall 6.5, minimum 6.0 per band |
| TOEFL iBT | 83 overall, minimum 20 per section |
| PTE Academic | 59 |
| Duolingo English | 120 |
Application Deadlines and Key Dates for International Applicants
Toronto Metropolitan operates multiple intake cycles each year, allowing flexibility in your application timing. The primary intake is Fall (September), with a secondary Winter (January) option available for select programmes. Early applications significantly improve your chances of admission and residence placement.
For Fall 2026 intake, the priority deadline has passed; however, limited spaces may remain. For Fall 2027 intake (relevant for most Indian applicants beginning their process now), the recommended application window is December 2026 through February 2027, with a formal priority deadline around January 31, 2027. The final application deadline for Fall 2027 is typically February 1, 2027, though limited late applications may be considered. Winter 2027 intake typically closes in November 2026. All application materials, including official transcripts, English language test results, and supporting documentation, should be submitted by the relevant deadline. Late submissions are rarely accepted and may result in rejection.
Processing timelines for international applicants typically range from 6-8 weeks from submission to notification. Some applicants receive conditional admissions pending final secondary school results if you are still completing your final year. Once you receive an admission letter, you have 30 days to accept the offer and secure your Confirmation of Enrolment (CoE), which is required for study permit processing. Allow an additional 6 weeks for Canadian study permit processing through IRCC.
| Milestone | Fall 2027 | Winter 2027 |
| Application Window Opens | September 2026 | July 2026 |
| Priority Deadline | January 31, 2027 | October 15, 2026 |
| Final Application Deadline | February 1, 2027 | November 30, 2026 |
| Admission Notification | By April 2027 | By December 2026 |
| Acceptance Deadline | May 2027 | January 2027 |
| Study Permit Processing | 6 weeks from CoE receipt | 6 weeks from CoE receipt |
Tuition Fees and Cost of Study for International Students
As an international student, your tuition is significantly higher than Canadian residents but remains competitive among Canadian universities. International tuition for Bachelor of Arts programmes at Toronto Metropolitan is approximately C$34,500 to C$38,000 per year (approximately ?2,351,000 to ?2,589,000 per year at the current exchange rate of 1 CAD = 68.14 INR). Annual ancillary fees range from C$800 to C$1,000, covering facilities, student services, technology, and campus access. Books and course materials typically cost C$600 to C$1,000 annually depending on your selected electives.
Your total annual cost of study is approximately C$36,000 to C$40,000 (?2,453,000 to ?2,726,000), or C$144,000 to C$160,000 (?9,812,000 to ?10,904,000) for the complete four-year degree. Some students extend their studies to five years by integrating one or two co-op work terms, which are paid and typically generate between C$18,000 and C$44,000 in earnings, partially offsetting total education costs. Living expenses in Toronto add approximately C$22,440 per year (?1,528,512 per year) including shared housing (C$900/month), utilities (C$135/month), groceries (C$400/month), transportation (C$150/month), and personal expenses (C$350/month).
Your total first-year cost (tuition, fees, books, and living) is approximately C$58,440 to C$62,440 (?3,981,512 to ?4,254,512). Many students work part-time on-campus (up to 20 hours weekly during term) at Canadian minimum wage of C$16.55 per hour, earning approximately C$3,300-C$5,300 per academic year to offset living costs. Secure your residence early to ensure affordable housing near campus.
| Cost Component | Annual CAD | Annual INR | 4-Year Total CAD | 4-Year Total INR |
| Tuition (International) | C$34,500-38,000 | ?2,351,000-2,589,000 | C$138,000-152,000 | ?9,404,000-10,356,000 |
| Ancillary Fees | C$800-1,000 | ?54,512-68,140 | C$3,200-4,000 | ?218,048-272,560 |
| Books & Materials | C$600-1,000 | ?40,884-68,140 | C$2,400-4,000 | ?163,536-272,560 |
| Living Expenses (Avg) | C$22,440 | ?1,528,512 | C$89,760 | ?6,114,048 |
| Annual Total | C$58,440-62,440 | ?3,981,512-4,254,512 | C$233,760-264,000 | ?15,926,048-17,989,200 |
Scholarships and Financial Aid for International Students
Toronto Metropolitan University offers limited but meaningful scholarships for international students pursuing undergraduate degrees. Merit-based entrance scholarships typically range from C$2,000 to C$8,000 annually, offsetting 2-5% of total annual costs. Students demonstrating exceptional academic performance (80%+ average on admission assessment) may qualify for enhanced awards up to C$10,000 per year. These scholarships are automatically assigned during the admissions process; no separate application is required if you meet the criteria.
The Toronto Metropolitan International Student Award, available to high-achieving international applicants, provides C$2,000-C$8,000 annually and covers up to five years of study where applicable. Additionally, the President’s Award (for students with 90%+ average) offers C$3,000-C$5,000 annually. Approximately 30-40% of international undergraduate students receive some form of institutional scholarship, though most awards do not cover full tuition. Employer sponsorship is strongly recommended as an alternative funding source; many Indian multinational companies offer education sponsorships for employee dependents.
Canadian government scholarships (IDRC, ELAP, SSHRC) are generally unavailable to international undergraduates, though some NGOs and bilateral programmes (such as the Canada-India Foundation) occasionally support select applicants. Explore funding through the Canadian High Commission in India and Indian state governments, which occasionally fund study-abroad scholarships. Work-study employment at the university (minimum wage C$16.55/hour, 20 hours weekly during term) provides immediate income for living costs. Finally, co-op placements earn substantial income (C$18,000-C$22,000 per four-month term) that directly offsets education expenses.
| Scholarship Type | Amount (CAD) | Amount (INR) | Eligibility |
| TMU International Merit Award | C$2,000-8,000/year | ?136,280-544,000/year | Automatic for 70%+ average |
| Merit Scholarship (80%+ Avg) | C$2,500-10,000/year | ?170,350-681,400/year | High academic performance |
| President’s Award (90%+ Avg) | C$3,000-5,000/year | ?204,420-340,700/year | Exceptional academic achievement |
| Work-Study (On-Campus) | C$3,300-5,300/year | ?224,862-361,142/year | Min wage C$16.55/hr, 20 hrs/week term |
| Co-Op Earnings | C$18,000-22,000/term | ?1,226,520-1,499,080/term | 4-month paid work term |
Visa and Post-Study Work Pathways for Indian Graduates
As an Indian student, you will require a study permit to enrol at Toronto Metropolitan. The study permit process is straightforward: once you receive your admission letter (called a Letter of Acceptance or LOA), you obtain a Confirmation of Enrolment (CoE) from the university and submit it along with proof of financial support (minimum C$20,000 GIC in a Canadian bank) to Immigration, Refugees and Citizenship Canada (IRCC). Processing typically takes 4-6 weeks. Your study permit is valid for the duration of your programme (four years) plus an additional six months, allowing time to secure post-graduation employment or apply for further visas.
During your studies, you are permitted to work up to 20 hours per week on-campus during academic terms and full-time during scheduled breaks (winter and summer), earning Canadian wages that offset living costs significantly. Many international students earn C$1,000-C$1,500 monthly through on-campus employment, substantially reducing financial pressure on families. This income is not subject to income tax in Canada because it falls below the personal exemption threshold.
Upon degree completion, you are eligible for a Post-Graduation Work Permit (PGWP) valid for three years. This is an open work permit: you can work for any employer without requiring a specific job offer or employer sponsorship. A three-year PGWP allows you to build Canadian work experience while exploring career options, which is crucial for permanent residency applications. Toronto’s strong finance sector ensures abundant employment opportunities for economics and finance graduates, with typical starting salaries of C$55,000-C$75,000 (?3,748,000-5,110,000). After securing at least 12 months of Canadian work experience on your PGWP, you become eligible to apply for permanent residency through Express Entry or the Ontario Immigrant Nominee Program (OINP), dramatically shortening your pathway to citizenship and long-term security.
Career Outcomes and Graduate Salary Prospects
Graduates of the Bachelor of Arts in International Economics and Finance from Toronto Metropolitan gain employment in diverse sectors at strong compensation levels. The programme has an 85-90% employment rate within six months of graduation. Entry-level positions pay between C$55,000 and C$75,000 annually (?3,748,000-5,110,000), with early-career salaries (3-5 years) reaching C$70,000-C$95,000 (?4,770,000-6,473,000). Mid-career professionals (8+ years) typically earn C$95,000-C$130,000+ (?6,473,000-8,858,000+), particularly if pursuing advanced credentials like CFA or MBA. The median entry salary for economics and finance graduates in Canada is approximately C$68,000 (?4,633,520), reflecting strong market demand.
Primary employers include the Big Five Canadian banks (Royal Bank, TD, Scotiabank, BMO, CIBC), international development organizations (World Bank, ICRISAT, bilateral agencies), government economic agencies (Statistics Canada, Finance Ministry, Central Bank), multinational corporations in finance, energy, and technology sectors, and consulting firms. Career roles for graduates include financial analyst, economic analyst, policy researcher, trade compliance officer, investment analyst, market analyst, development economist, and international business strategist. Many graduates pursue professional credentials: the CFA (Chartered Financial Analyst) designation is highly valued and increases salaries by C$8,000-C$15,000 annually upon completion of all three levels.
Indian nationals specifically benefit from the growing diaspora network in Canadian finance, which facilitates knowledge transfer and advancement within multinational firms. Toronto’s diverse workforce and strong presence of Indian financial professionals create mentorship opportunities and career acceleration pathways. Approximately 20-25% of Toronto Metropolitan’s business and economics graduates work internationally within five years, including roles with the IMF, World Bank, Asian Development Bank, and major multinational corporations operating in India and South Asia. Co-op placements frequently convert to permanent offers, with 40-50% of students receiving employment from their co-op employer upon graduation.
| Career Stage | Salary Range (CAD) | Salary Range (INR) | Experience |
| Entry-Level | C$55,000-75,000 | ?3,748,000-5,110,000 | 0-1 years |
| Early-Career | C$70,000-95,000 | ?4,770,000-6,473,000 | 2-4 years |
| Mid-Career | C$95,000-130,000 | ?6,473,000-8,858,000 | 5-10 years |
| Senior-Career | C$130,000-180,000+ | ?8,858,000-12,265,200+ | 10+ years |
| With CFA Level 1 | +C$4,000/year | +?272,560/year | Professional credential |
| With CFA Level 3 | +C$12,000-20,000/year | +?817,680-1,362,800/year | Full designation |
University Rankings and International Recognition
Toronto Metropolitan University (formerly Ryerson) has strengthened its international profile significantly in recent years, particularly in applied disciplines and professional programmes. In the QS World University Rankings 2026, the university ranks between 711-720 globally and is in the top 50 universities in Canada. The Times Higher Education (THE) World University Rankings 2026 positions Toronto Metropolitan at rank 601 globally, placing it in the top 25 universities in Canada. The university is increasingly recognized for programme-specific excellence, particularly in engineering, business, and applied fields where employer feedback directly influences curriculum.
For economics and business disciplines specifically, Toronto Metropolitan has developed a reputation for strong industry partnerships and high graduate employment rates. The Faculty of Arts has been recognized for innovations in applied learning, co-op integration, and real-world problem-solving approaches. While the university does not appear in the top 50 globally for business-specific rankings, its practical emphasis, industry connections, and Toronto location make it highly attractive to Canadian and international employers in finance and economics sectors.
The university’s distinction lies in applied excellence rather than pure research ranking. Employers in Canada and internationally recognize Toronto Metropolitan graduates for strong practical skills, immediate industry readiness, and networked placements through co-op and alumni networks. Indian employers, particularly those with Canadian operations (such as IT services firms, banking branches, and multinational corporations), actively recruit from Toronto Metropolitan because of the programme’s emphasis on Canadian business context, compliance knowledge, and cross-cultural competencies essential for global finance roles.
Student Life, Campus Facilities, and Integration for Indian Students
Toronto Metropolitan’s downtown campus is vibrant and diverse, with over 15,000 undergraduate students representing 180+ countries. The university actively supports international student integration through orientation programmes, cultural clubs, and mentorship from upper-year students. The International Student Services office provides personalized support for visa matters, housing navigation, and academic advising specific to international student needs. Upon arrival, you participate in a dedicated international orientation (one week before term start) that covers Canadian academic culture, city navigation, banking, and community building with peers from your region and globally.
Indian students form a substantial community at Toronto Metropolitan, with active clubs including the Indian Students Association, which organizes cultural events, traditional celebrations (Diwali, Holi), and networking sessions. Many students form study groups and accommodation networks with fellow Indian nationals, easing the transition and creating peer support. The student centre provides prayer and meditation spaces accommodating diverse religious practices, including dedicated facilities for Hindu, Sikh, Muslim, and Christian students. Halal, vegetarian, and region-specific cuisine is readily available in on-campus dining and throughout Toronto.
The downtown location offers unmatched access to Toronto’s financial district, enabling networking with industry professionals, site visits to major institutions, and internship opportunities within walking distance. The campus includes modern library facilities, computer labs with specialized software, collaboration spaces, and fitness centres. Student housing is available on-campus (approximately 3,000 beds) and in nearby off-campus residence buildings. Many students live in shared housing within a 15-minute transit commute, typical monthly rent is C$900-C$1,200 per person for a shared two-bedroom apartment. The Bloor-Bathurst area, near campus, has a concentration of Indian restaurants, grocers, and cultural services, facilitating community and reducing cultural shock.
Frequently Asked Questions (FAQs)
1. What is the typical IELTS score for admission to this programme?
Toronto Metropolitan requires an IELTS overall band of 6.5 with a minimum of 6.0 in each band (listening, reading, writing, speaking). If you score exactly 6.5 with a 6.0 minimum, you meet the requirement. Most successful Indian applicants score 7.0-7.5 overall, which strengthens your application and often qualifies you for scholarships. Duolingo English Test (120) and TOEFL iBT (83) are accepted alternatives and may be faster to obtain in India than IELTS, which often has testing centre delays.
2. Can I work during my studies, and how much can I earn?
Yes, you can work up to 20 hours per week on-campus during academic terms and full-time during scheduled breaks (December-January winter break, May-August summer term). On-campus minimum wage is C$16.55 per hour, generating approximately C$1,000-C$1,500 monthly over a typical term. Full-time summer work (eight weeks) can earn C$5,000-C$6,600. Many students cover 30-40% of living costs through employment. Co-op placements earn substantially more: C$18,000-C$22,000 per four-month work term, significantly reducing total education costs.
3. How competitive is admission, and what are my realistic chances?
Toronto Metropolitan received approximately 90,000 applications in 2025 for 25,000 undergraduate positions across all programmes, representing a roughly 28% overall acceptance rate. The Bachelor of Arts in International Economics and Finance is moderately selective. Indian applicants with an average of 75-82%, strong English scores (IELTS 6.5+), and relevant subject background (mathematics, economics, or business) have a strong likelihood of admission, estimated at 70-80%. Applicants with 85%+ average, IELTS 7.0+, and demonstrated interest in finance (work experience, leadership in school) have near-certain admission chances and are competitive for merit scholarships.
4. What is the pathway to permanent residency after graduation?
The standard pathway is: graduate with a bachelor’s degree, apply for a Post-Graduation Work Permit (PGWP) valid for three years, work in your field for a minimum of 12 months, then apply for permanent residency through Express Entry or the Ontario Provincial Nominee Program (OINP). Economics and finance professionals (NOC 2111 or 4165) are eligible occupations for both pathways. Most students complete this journey in 18-24 months post-graduation: six months to graduation, six months to secure a job and work, 12 months of demonstrated work experience, then 6-12 months for PR processing. By age 27-28, many Indian graduates transition to permanent resident status with a Canadian job and pathway to citizenship within three years of PR approval.
5. Is the co-op programme mandatory, and what are my earning prospects?
Co-op is optional; you can complete the degree in four years without co-op placements. However, opting for co-op (typically one or two four-month work terms integrated into your five-year degree) is strongly recommended. Co-op placements pay C$18,000-C$22,000 per term, and 85-90% of students successfully secure placements. Total co-op earnings can offset 20-40% of your entire education cost. Major employers recruiting at Toronto Metropolitan for finance and economics co-op roles include the Big Five banks, Finance Ministry, Statistics Canada, and international development organizations. Employer co-op offers frequently convert to permanent positions post-graduation, with 40-50% of co-op students hired directly by their employer. Without co-op, career entry salary is typically C$55,000-C$65,000; with co-op experience, many graduate directly into C$65,000-C$75,000+ roles.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $29749 (CAD 42498) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Accommodation (on-campus) | $6790 (CAD 9700) |
| Food | $3724 (CAD 5320) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2023 | $22270 (CAD 31814) |
| 2022 | $20499 (CAD 29284) |
| 2021 | $21289 (CAD 30413) |
Scores Required
Required Document List
Following are the required documents:
- OUAC Application Form: Students have to fill and submit the online application form.
- CV/Resume: Outline of academic achievements and/or awards, publications, relevant work and/or volunteer experience.
- Two academic or professional references: Referees (Teachers, guidance counselors, or Professors) should comment on academics and that references should submit along with the application system.
- Statement of Intent: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
- Other bachelor's Degrees: Foundation courses will be required, exemptions are based on courses taken during an undergraduate degree.
- Two Letter of Recommendation: Reference letters are a key component of the application package depending on the program student are applying for research and/or professional abilities.
- Electronic Official transcripts: Submit copies of official transcripts from post-secondary institutions attended in PDF format.
- Statement of Interest: Students have to fill their interesting research work area in the application form.
- Interview: After the submission of your application, you will be contacted to complete an online video interview.
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Key Resources for Your Study Abroad Journey
Course Guides
Bachelor of Arts in Canada: Top Universities, Cost for Indian Students, and Scope
Top Undergraduate Courses in Canada: Fees 2024, Top Colleges, Admissions, Placements & Salaries
Career and Placement after Course
Career Opportunities after completing this program are:
- Economist
- Financial risk analyst
- Data analyst
- Financial planner
- Accountant
- Economic researcher
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| VueVille Future Technology Scholarship | Scholarship per student$ 700/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student$ 2,450/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| Jared J. Davis Grant | Scholarship per student$ 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 |
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