Study Master’s in Economics in Canada

Hey there! Ever thought about studying Economics in Canada? The Master's in Economics program is a two-year gem designed especially for international students. It's your ticket to an exciting career boost in Economics! Whether you aim for further education or dream of diving into the Economist or Data Analyst world, this program sets the stage. Graduates from Canada's Master's in Economics are hot property in the job market, sought after by top companies. Wondering about eligibility, program duration, English proficiency, tuition fees, salary prospects, and more? Stay tuned! Our blog has got you covered with all the important details.

Why study Master’s in Economics in Canada?

The Master’s in Economics program in Canada is a two-year graduate degree program for international students. Pursuing a Master’s in Economics in Canada is a fantastic choice for people looking to advance their careers in Economics. It enables one to pursue further education or to begin working as an Economist or Data Analyst. Master’s in Economics graduates in Canada are in high demand across various well-established companies, thanks to the high level of education.

Also, according to the QS World University Ranking, 2023, 14 Canadian institutions that offer Master’s in Economics are ranked among the top 500 universities in the world, with three ranking among the top 50.

Specialisations in Master’s in Economics in Canada

When pursuing a Master's in Economics, students often have the opportunity to specialise in various areas based on their interests and career goals. Specialisations in Master's in Economics programs can vary between universities, but common areas of specialisation include:

1. Master of Financial Economics: It is a world-class professional program. This course offers a broad understanding of financial theories and even the economic framework of these theories.

2. Sc. Agricultural Economics: Students gain specific research skills by collaborating with academic members on significant real-world problems. Business and industry are looking for graduates in agricultural economics, and it will be simple to find employment in public and private organizations relevant to your field of study.

3. MA in Finance and Economics: The program is for individuals who are interested in careers in investment banking, asset management, private equity, and management consultancy, or who wish to go on to further doctoral study.

Subjects covered in Economics

Economics is a broad field of study that encompasses a wide range of subjects, covering both theoretical concepts and practical applications. The specific subjects covered in an economics program can vary based on the level of study (undergraduate or graduate) and the focus of the program. Here is an overview of common subjects covered in economics:

• Introduction to Finance

• Fixed-income securities

• Financial Theory

• Risk Management - Principles and Practices

• Microeconomics

• Risk Management - Principles and Practices

• Econometrics

• Quantitative Methods

Availability and intake for Master’s in Economics courses

The Master’s in Economics program in Canada welcomes students from across the globe based on merit. Admission to the program is largely open for the Fall semester. Candidates holding an undergraduate degree in Economics, or its equivalent, are encouraged to apply at the earliest opportunity.

Eligibility criteria for Master’s in Economics in Canada

The eligibility criteria for a Master’s in Economics in Canada vary with the university you are applying to. Each university has its unique eligibility criteria for the Master’s in Economics in Canada. Here are the basic requirements to study the course:

1. Academic requirement: A bachelor’s degree in economics or a related field from a recognised university with a minimum aggregate of 75%.

2. Standardised Test Scores: Although standardised test scores are not always necessary a GMAT score of at least 600 is also acceptable.

3. English Language Fluency: Individuals with an overall IELTS score of 6.5 to 7.5.

The following table outlines the university and start of the next intake for pursuing a Master of Economics degree in Canada:

*Source:https://rec.crm.idp.com/print-data

Documents required for Master’s in Economics in Canada

Candidates who meet the above-mentioned entry requirements must submit the following documents, either during or after the application process:

• Academic transcripts must be originals or certified copies.

• A one-page Statement of Interest,

• two academic letters of recommendation,

• and one professional letter of recommendation

• A current Curriculum Vitae (CV)

• Payment of application fees

• A current passport

• A student visa from Canada

• Photographs in passport size and the applicant's digital signature

Cost of studying a Master’s in Economics in Canada

The following are the typical annual tuition fees for a Master’s in Economics in Canada:

*Source: Collected from each University website

Cost of Living in Canada

A student's regular expenses while studying in Canada are as follows:

Jobs after Master’s in Economics in Canada

In Canada, a master's degree in economics can lead to several different lucrative job opportunities. According to the latest data from indeed.com, a range of yearly income of some job holders in the field of Economics are:

*Sources: Indeed.com

Master of arts (MA) degree (no date) PayScale. Available at: https://www.payscale.com/research/US/Degree=Master_of_Arts_(MA)/Salary (Accessed: 12 December 2023).

Master of Arts (MA), economics degree (no date) PayScale. Available at: https://www.payscale.com/research/US/Degree=Master_of_Arts_(MA)%2C_Economics/Salary (Accessed: 12 December 2023).

Financial Analyst salary in the United States - indeed. Available at: https://www.indeed.com/career/financial-analyst/salaries (Accessed: 12 December 2023).