Best Universities in Canada for Master of Economics

Studying for an MSc in economics in Canada can offer numerous benefits to students. Canada is home to many top-ranked universities that offer high-quality programs in economics, providing students with the opportunity to develop their skills and knowledge in this field.

Pursuing an MSc in economics in Canada can open up numerous career opportunities for graduates. Canada has a growing demand for professionals with expertise in economics, particularly in areas such as public policy, finance, and data analysis. Graduates of economics programs in Canada are well-equipped to pursue a variety of career paths, both in the private and public sectors.

Canada also has a well-developed market economy, which provides ample opportunities for students to apply their theoretical knowledge in real-world settings via placements and internships.

Keep reading ahead to find the best courses, their entry requirements and international fees. You can book a free consultation with SI-Canada today to learn more and start your application process if you wish to pursue postgraduate studies in Economics in Canada.

msc economics canada

Best Universities to Study Master of Economics

1. University of Toronto

The University of Toronto offers several graduate programs in economics, including a Master of Arts in Economics, a Master of Financial Economics, a Master of Applied Economics, and an interdisciplinary program, a Master of Science in Sustainability Management, which combines business, economics, and environmental studies to prepare students for a career in sustainability management.

All courses have different durations and approaches to take the study forward. The world-class faculty at the university teaches through a combination of theoretical and practical aspects to enhance the learning experience of the students.

Suggested Course: Master of Arts in Economics
International Fees: $55,560
Entry Requirements: Candidates must have an appropriate bachelor's degree with at least a mid-B (75%) and scores on GRE, apart from English Language proficiency test scores.

2. University of British Columbia

UBC offers various postgraduate programs in economics, and the university is known for its quality research faculty and intensive training in the applied work and theory of the subject. The department also offers various specializations, including programs such as Master of Arts in Economics, Master of Food and Resource Economics, Master of Science in Economics, Master of Health Administration and the Master of Business Administration.

The UBC faculty specializes in imparting high-quality education in applied and theoretical econometrics, development economics, economic history, environmental economics, macroeconomics, international trade and much more.

Suggested Course: Master of Arts in Economics
International Fees: $28,252
Entry Requirements: Applicants must hold a bachelor's degree with a strong academic record and GRE or GMAT Scores. International students may also need to provide TOEFL or IELTS scores.

3. McGill University

Founded in 1821, McGill University is among Canada's oldest and most prestigious educational institutions. The university offers several Master of Economics programs, including Master of Arts in Economics, Master of Science in Economics, Master of Management in Finance, and Master of Business Administration/Master of Arts (MBA/MA) in Economics, which is a joint program offered by Desautels Faculty of Management and the Department of Economics.

Suggested Course: Master of Economics
International Fees: $24,693 per year
Entry Requirements: Candidates must have a bachelor's degree with a strong academic record and GMAT or GRE scores (for some programs). International candidates may also need to provide TOEFL or IELTS scores.

4. Université de Montréal

Through its Department of Economics, Université de Montréal offers several Master of Economics programs for students to choose from, including a Master of Arts (MA) in Economics, a Master of Mathematical and Computational Finance, and a Specialized Graduate Diploma in Mathematical and Computational Finance. After graduation, students can get the chance to be in the industries of Labour Economics, International Trade, Financial and banking, Market Analysis, Industrial Economics, Agricultural Economics and Political Economics.

Suggested Course: Master of Arts in Economics
International Fees: $17,348 per year
Entry Requirements: Candidates must have a bachelor's degree in the related field with a strong academic record. GMAT or GRE scores, along with English language proficiency scores, are also required.

5. Western University

Western University is a renowned public research university located in London, Ontario and has a reputation for academic excellence and research intensity, with a focus on interdisciplinary collaboration and innovation. Western offers several Master of Economics programs, including Master of Arts in Economics, Master of Financial Economics, and Master of Public Economics. The first program is a two-year course, and the other two can be completed in one year. Students can choose to specialize in fields such as development economics, environmental economics, and financial economics in the master's programs. Western University also offers a range of scholarships and funding opportunities for eligible students.

Suggested Course: Master of Financial Economics
Entry Requirements: Candidates must hold a bachelor's degree with a strong academic record and present GMAT or GRE scores. English language proficiency test scores are required.