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MS in Economics: Top 20 Universities in Canada and more

Posted on August 29, 2023
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Pursue MS in Economics in Canada

  • Top-ranked Universities in the world
  • Achieve IELTS 6.5 to be eligible
  • Get up to CAD 50K in scholarships
  • Enjoy 3 years of post-study work
  • 150,000+ jobs available in Canada

*Need assistance to study in Canada? Y-Axis is here to assist you in all the ways.

Why choose MS in Economics in Canada?

There are several reasons to pursue masters in economics in Canada:

Top-ranked universities: Canada has many world-class universities with strong economics programs. 18 Canadian universities ranked in the top 500 for economics.

High-quality education: Canadian universities offer high-quality education that is recognized and respected around the world.

Excellent job prospects: Canada has a strong economy and a high demand for skilled economists.

Affordable tuition fees: The tuition fees for MS in Economics programs in Canada are relatively affordable compared to other countries.

Prestigious scholarships: There are many scholarship programs available for international students who want to study MS in Economics in Canada. The amount of the scholarship can cover the full cost of tuition and living expenses.

Post-study work opportunities: International students who graduate from an MS in Economics program in Canada are eligible to work in Canada for up to three years after graduation.

Top 20 Universities in Canada for MS in Economics

Below is the list of the top 20 universities to pursue an MS in Economics in Canada, along with the fees and rank:

University Tuition Fee ($)CAD Rank in Canada
University of Toronto 30,870 – 60,780 1
University of British Columbia 22,407 – 43,125 2
University of Montreal 17,110 – 23,662 3
McGill University 17,110 – 23,662 4
University of Waterloo 4,798 – 14,440 5
McMaster University 19,280 – 41,470 6
Simon Fraser University 13,932 – 27,888 7
Western University 15,789 – 35,458 8
University of Alberta 11,696 – 18,070 9
University of Ottawa 15,168 – 33,057 10
University of Calgary 10,163 – 15,162 11
Queen’s University 15,000 – 38,240 12
University of Victoria 9,256 – 21,276 13
Carleton University 18,963 – 36,996 14
York University 18,800 – 24,170 15
Concordia University 15,150 – 25,188 16
University of Saskatchewan 10,529 – 19,221 17
Ryerson University 26,590 – 38,698 18
University of Manitoba 12,897 – 22,819 19
Dalhousie University 24,270 – 45,446 20

*Confused to choose which course to pursue? Avail Y-Axis course recommendation services to choose the best.

Eligibility for MS in Economics in Canada

To be eligible for masters in economics in Canada, students must meet the following criteria:

  • A bachelor’s degree in economics or a related field from a recognized university.
  • Some universities may also require GRE scores.
  • A strong academic record.
  • A letter of intent explaining your interest in the program.
  • Two letters of recommendation from academic or professional references.
  • A minimum IELTS score of 6.5 is required.

*Get expert coaching services from Y-Axis professionals to ace your scores.

Requirements for admission for MS in Economics in Canada

The following are the required documents for studying MS in Economics in Canada:

  • Certified copies or original academic transcripts.
  • Well-written Statement of Interest
  • 1 Professional Letter of Recommendation
  • 2 Academic Letter of Recommendation
  • An updated Resume or CV
  • A Canadian Student visa
  • Passport size photographs
  • Digital signature
  • A valid passport

Steps to apply for admission for MS in Economics in Canada

To apply for admission to any Canadian university for masters in Economics, students must follow the steps given below:

  • Choose a university and program according to your interests and goals.
  • Gather the required documents and make sure you meet all the requirements needed for admission.
  • Fill out the application with all correct details and apply online to the university.
  • Pay the application fee and submit the application before the deadline.
  • Wait for the selection process. If selected, you will be notified through mail.

Post-Study Work Opportunity

International students who graduate from an MS in Economics program in Canada are eligible to work in Canada for up to three years after graduation. This is a great opportunity to gain valuable work experience and build your career in Canada.


Canada is a great place to pursue masters in economics. The country has top-ranked universities and excellent job prospects. If you are interested in pursuing an MS in economics, Canada is a great option.

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