MBA in Economics in Canada is a popular postgraduate degree program that provides students with in-depth knowledge of economics and business management. Masters in economics online canada tuition fees is CAD 25,000 to CAD 60,000 (approximately INR 1,500,000 to INR 3,600,000) per year. Generally, a minimum GPA of 3.0 (on a 4.0 scale) is required for admission, but some universities may require a higher GPA. Language proficiency scores namely IELTS or TOEFL are important for MBA economics Canada, as most universities require proficiency in English.
Why Study MBA in Economics in Canada?
Some key points to consider when answering the question "Why Study Masters in Economics in Canada ?:
- Quality Education: Canada is home to several top universities offering MBA in Economics programs that provide students with a high-quality education.
- Global Recognition: MBA degrees from Canadian universities are recognized worldwide, making it easier for graduates to pursue international career opportunities.
- Diverse Culture: Canada is a multicultural country that welcomes international students, providing a diverse learning environment and promoting cross-cultural understanding.
- Scholarships: Several scholarships are available to international students, making it easier for them to pursue an MBA in Economics in Canada.
Admission Process for MBA in Economics in Canada
Some general steps that are typically involved in the admission process for Master in economics in canada for international students:
- Meet the Eligibility Requirements
- Submit an Application
- Attend an Interview
- Receive an Offer
Admission Deadlines for MBA in Economics in Canada
| University | Admission Deadline |
|---|---|
| University of British Columbia | November 30, 2023 |
| McMaster University | January 6, 2024 |
| York University | October 15, 2023 |
| University of Toronto | January 10, 2024 |
| Queen's University | November 15, 2023 |
Eligibility Criteria for MBA in Economics in Canada
The eligibility criteria for MBA in Economics programs in Canada may vary depending on the university and the program. However, here are some general eligibility requirements for this course:
- Bachelor's degree
- GPA
- Standardized Test Scores
- Work Experience
Masters in Economics Canada Requirements
Here are the general admission requirements for MBA in Economics programs in Canada:
| Exam Name | Score Range |
|---|---|
| GRE General Test | 150-170 (Verbal) 150-170 (Quantitative) 3.0-6.0 (Analytical Writing) |
| GMAT | 400-800 (Total) |
| TOEFL | 79-100 (iBT) 550-600 (Paper-based) |
| IELTS | 6.5-7.5 (Overall) |
Admission Documents Required for MBA in Economics in Canada
Documents may include for MBA Economics Canada:
- Official transcripts
- Letters of recommendation
- Resume or CV
- Personal statement or essay
- English language proficiency test scores
- Application fee
Master in Economics Canada Fees
Here is a table showing the approximate fees for some of the top universities in Canada offering MBA in Economics programs:
| University | Program Fees (CAD) | Program Fees (INR) | Cost of Living (CAD/year) | Cost of Living (INR/year) |
|---|---|---|---|---|
| University of Toronto | CAD 35,870 - CAD 41,160 | INR 7,70,000 - INR 10,25,000 | CAD 12,600 - CAD 16,750 | INR 2,71,500 - INR 3,60,000 |
| University of British Columbia | CAD 18,500 - CAD 21,300 | INR 5,14,000 - INR 6,17,500 | CAD 10,600 - CAD 12,700 | INR 2,33,200 - INR 2,78,500 |
| Carleton University | CAD 28,620 | INR 6,05,000 | CAD 12,500 | INR 2,66,500 |
| Simon Fraser University | CAD 30,000 - CAD 39,800 | INR 5,32,000 - INR 7,98,000 | CAD 11,000 - CAD 13,000 | INR 1,94,700 - INR 2,28,200 |
| McMaster University | CAD 28,165 - CAD 40,811 | INR 6,53,000 - INR 9,22,500 | CAD 13,500 - CAD 15,000 | INR 2,89,500 - INR 3,22,500 |
| University of Calgary | CAD 32,000 | INR 7,25,000 | CAD 15,000 | INR 3,22,500 |
| University of Victoria | CAD 25,633 | INR 5,80,000 | CAD 12,000 | INR 2,58,000 |
| Ryerson University | CAD 25,746 - CAD 28,531 | INR 4,83,000 - INR 7,34,000 | CAD 10,000 - CAD 12,000 | INR 2,14,000 - INR 2,58,000 |
| Dalhousie University | CAD 34,674 - CAD 38,474 | INR 5,80,000 - INR 7,34,000 | CAD 12,000 - CAD 15,000 | INR 2,58,000 - INR 3,22,500 |
| Queen's University | CAD 89,500 | INR 5,32,000 | CAD 11,000 - CAD 13,000 | INR 2,35,500 - INR 2,78,500 |
Overview of Cost of Attendance
| Expense Type | Approximate Expense (CAD) | Approximate Expense (INR) |
|---|---|---|
| Tuition | $56,460 | 42.03 lakhs |
| Room and Board | $16,970 | 12.65 lakhs |
| Books and Supplies | $1,800 | 1.34 lakhs |
| Miscellaneous/Personal | $2,720 | 2.03 lakhs |
| Student Services Fee | $840 | 62,668 |
| Student Activity Fee | $360 | 26,847 |
| Health Insurance Fee | $2,360 | 1.76 lakhs |
| Library Fee | $200 | 14,930 |
| Extra Curricular Charges | $100 | 7,465 |
| Hostel Fee | $12,450 | 9.29 lakhs |
| Total | $89,460 | 66.71 lakhs |
MBA in Economics in Canada Scholarships
Some of the scholarships available to MBA in Economics students in Canada:
| Scholarship Name | Eligibility Criteria | Amount (CAD) | Amount (INR) |
|---|---|---|---|
| Canada Graduate Scholarships-Master's Program | Canadian citizens or permanent residents, enrolled in a master's degree program in economics or related fields | $17,500 | ?10,38,000 |
| Ontario Graduate Scholarship (OGS) | Open to Canadian citizens, permanent residents, and international students studying in Ontario. Based on merit and academic achievement. | $5,000 to $15,000 | ?2,96,000 to ?8,89,000 |
| Pierre Elliott Trudeau Foundation Doctoral Scholarships | Canadian citizens, permanent residents, and international students, who are pursuing doctoral studies in the social sciences and humanities, including economics. | $40,000 | ?23,75,000 |
| Vanier Canada Graduate Scholarships | Canadian citizens, permanent residents, and international students, who are pursuing doctoral studies in social sciences and humanities, natural sciences and engineering, and health sciences, including economics. | $50,000 | ?29,68,000 |
Note: The scholarship amounts are subject to change and may vary based on the recipient's eligibility and academic merit. The currency conversion rates used in the table are based on approximate values and may vary.
Masters in Economics Salary Canada
| Designation | Annual Salary for Freshers (CAD) | Annual Salary for Freshers (INR) | Average Yearly Pay (CAD) | Average Yearly Pay (INR) |
|---|---|---|---|---|
| Financial Analyst | $49,000 to $68,000 | Rs. 28,80,000 to Rs. 39,84,000 | $74,000 | Rs. 43,68,000 |
| Investment Banker | $75,000 to $100,000 | Rs. 44,40,000 to Rs. 59,20,000 | $120,000 | Rs. 70,80,000 |
| Economist | $50,000 to $70,000 | Rs. 29,60,000 to Rs. 41,44,000 | $92,000 | Rs. 53,76,000 |
| Management Consultant | $60,000 to $80,000 | Rs. 35,52,000 to Rs. 47,36,000 | $90,000 | Rs. 52,92,000 |
| Market Research Analyst | $45,000 to $55,000 | Rs. 26,64,000 to Rs. 32,24,000 | $70,000 | Rs. 41,16,000 |
Top Recruiters for MBA in Economics in Canada Course
| Top Recruiters | Annual Fresher Salary (CAD) | Annual Fresher Salary (INR) | Annual Base Salary (CAD) | Annual Base Salary (INR) |
|---|---|---|---|---|
| Bank of Canada | 65,000 - 80,000 | 38,00,000 - 47,00,000 | 90,000 - 120,000 | 52,00,000 - 70,00,000 |
| Deloitte | 55,000 - 75,000 | 32,00,000 - 44,00,000 | 70,000 - 95,000 | 41,00,000 - 55,00,000 |
| PwC Canada | 60,000 - 75,000 | 35,00,000 - 44,00,000 | 75,000 - 100,000 | 44,00,000 - 58,00,000 |
| TD Bank Group | 60,000 - 70,000 | 35,00,000 - 41,00,000 | 85,000 - 105,000 | 49,00,000 - 61,00,000 |
| KPMG Canada | 55,000 - 75,000 | 32,00,000 - 44,00,000 | 70,000 - 95,000 | 41,00,000 - 55,00,000 |
Work Permit
International students who wish to study MBA in Economics in Canada must obtain a study permit before entering the country. The study permit is issued by the Canadian government, and it allows students to stay in Canada for the duration of their program.
ROI for the Top Colleges Providing the MBA in Economics in Canada and Masters in Economics Canada Rankings
| College Name | 20-Year Net ROI (CAD) | 20-Year ROI Rank | 20-Year Net ROI (INR) |
|---|---|---|---|
| University of Toronto | $462,000 | 49 | 2.72 crores |
| University of British Columbia | $393,000 | 105 | 2.31 crores |
| McMaster University | $371,000 | 145 | 2.17 crores |
| Queen's University | $361,000 | 163 | 2.12 crores |
| University of Alberta | $345,000 | 202 | 2.02 crores |
| York University | $332,000 | 229 | 1.95 crores |
| University of Calgary | $325,000 | 246 | 1.91 crores |
| University of Victoria | $313,000 | 280 | 1.84 crores |
| Dalhousie University | $309,000 | 293 | 1.81 crores |
| Simon Fraser University | $302,000 | 314 | 1.78 crores |
Masters in Economics Canada benefits are Career opportunities, Higher earning potential, Network building, Skill development etc. MBA graduates in economics programs generally have higher earning potential than those without an advanced degree.
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