Canada houses some of the world’s best universities, consistently excelling in the QS World University Rankings. Pursuing an MS in Canada could be expensive for Indian students, with tuition fees of approximately 15 lakhs INR per year. In addition to the educational expenses, students also need to consider their day-to-day and monthly living costs, which can range from 5 lakhs to 11 lakhs INR per year. Due to the high ROI post-study in this country, many students opt to study MS in Canada.
This blog serves as a helpful guide to understanding the expenses associated with studying abroad in Canada.
Top Factors That Determine Cost Of Studying Masters In Canada
Considering these factors holistically is crucial for prospective students to effectively plan their finances and find the costs of pursuing a Master’s degree in Canada. The primary determinants of the cost associated with pursuing a Master’s degree in Canada include several key factors:
- Tuition Fees: The tuition fees for Master’s programmes in Canada vary depending on the university, the chosen programme, and its duration. However, they typically range from CAD 2,500 to CAD 18,000 annually.
- Living Expenses: Vital components of the overall cost include living expenses such as accommodation, food, transportation, and other essentials. Housing costs can fluctuate between $500 to $1,500 monthly, while food expenses may vary from $300 to $800 monthly.
- Other Essential Costs: Additional expenses contribute to the overall financial outlay, including fees for language proficiency tests like TOEFL or IELTS, travel expenses, health insurance, textbooks, and application fees.
- Pre-Arrival & Post-Arrival Costs: Pre-arrival costs comprise application fees, language test expenses, and other financial obligations incurred before relocating to Canada. Post-arrival costs encompass tuition fees, living expenses, and miscellaneous costs throughout the academic programme.
Cost Of MS In Canada: Pre-Arrival Costs
When preparing to study abroad in Canada, International students will encounter certain one-time expenses before they depart from their country. These expenses encompass various aspects, such as exam fees, application fees, visa charges, and other related costs. The specific cost of MS in Canada Pre-arrival includes:
- Costs for Standardised Tests
- Purchase of Guaranteed Investment Certificate (GIC)
- Application Fees for Universities/Colleges
- Quebec Certificate of Acceptance Fees
- Airfare Costs
- Canada Student Visa Fees
- Costs for Standardised Tests
To study for a master’s degree in Canada, besides having a bachelor’s degree, you must also pass English proficiency tests like IELTS, TOEFL, PTE, or CAEL to show your English language skills.
| Tests | Costs (INR) |
| IELTS | 15,500 |
| TOEFL | 15,500 |
| PTE | 15,900 |
| GRE | 18,540 |
| GMAT | 22,360 |
Purchase Of Guaranteed Investment Certificate (GIC)
To obtain a study permit, students must provide financial proof, which can be fulfilled through a Guaranteed Investment Certificate (GIC) in Canada. Students can purchase a GIC from banks such as ICICI, SBI Canada, and CBIC.
The recommended amount for a GIC is six lakhs INR, equivalent to 10,000 CAD. Over 12 months, students will receive a monthly portion of their investment along with interest. Alternatively, students can apply for an education loan and submit it as proof of funds.
Application Fees For Universities/Colleges
The application fees for studying in Canada vary depending on the institution, ranging from 2,500 to 9,000 INR. Students are required to submit their test scores and other exam results when applying. Occasionally, universities may request hard copies of these documents, which may incur additional shipping costs.
Quebec Certificate Of Acceptance Fees
International students must obtain a Certificate of Acceptance from the government of Quebec (CAQ) to study in the Canadian province of Quebec. The process of obtaining a CAQ involves a payment of approximately 7,000 INR. It is important to note that this fee is non-refundable, even in the event of an application rejection.
Airfare Costs
The cost of flight tickets for students travelling to Canada typically ranges from a minimum of 50,000 INR to a maximum of 1 lakh INR or even higher, depending on the airline and additional amenities the student prefers.
Canada Student Visa Fees
International students must apply for a Canada student visa, which involves paying a 9,000 INR application fee. Additionally, students must provide financial proof when submitting their visa application.
Cost Of MS In Canada: Post-Arrival Costs
Students must be well-prepared to arrive in Canada and settle down. The initial two months might be crucial as finding a part-time job requires due time. The specific cost of MS in Canada Pre-arrival includes:
Tuition Fee Of Top Universities For MS In Canada
When considering pursuing higher education in Canada, it is essential to understand the tuition fees associated with universities in the country. The cost of MS in Canada can vary significantly depending on the institution and the specific programme of study. The table below lists the Top universities and their annual tuition fees.
| Top Universities | Annual Tuition Fee (CAD) | Annual Tuition Fee (INR) |
| University of Calgary | 23,000 | 13 lakhs |
| University of Ottawa | 42,000 | 25.3 lakhs |
| Western University | 55,000 | 33 lakhs |
| University of Waterloo | 43,000 | 25.9 lakhs |
| McMaster University | 43,000 | 25.9 lakhs |
| University of Montreal | 40,000 | 24 lakhs |
| University of Alberta | 35,000 | 21 lakhs |
| University of British Columbia | 45,000 | 27 lakhs |
| University of Toronto | 44,000 | 26 lakhs |
| McGill University | 53,500 | 32 lakhs |
Cost Of Living In Canada
The significant cost of MS in Canada includes living expenses for an Indian student, which can amount to approximately 1 lakh per month, totalling 12 lakhs per year. The average monthly costs that students need to consider for their living and other expenses are outlined in the following table:
| Type Of Expense | Average Costs |
| Accommodation | 62,465 |
| Food | 17,471 |
| Transport | 6,446 |
| Book/ Supplies | 9,818 |
| Miscellaneous | 18,673 |
City-wise Student Accommodation Costs In Canada
Image Source: The Immigration Office Website
Canada offers various cities for student accommodation, each with unique charm and amenities, depending on the university you are studying at. Here are some popular Canadian cities for student living, along with their average rent:
| City | Average Rent in CAD | Average Rent in INR |
| Montreal | 1,059 – 3,850 | 65,400 – 2.37 Lakh |
| Toronto | 1,700 – 7,500 | 1.04 – 4.63 Lakh |
| Vancouver | 2,500 – 5,500 | 1.54 – 3.39 Lakh |
| Ottawa | 875 – 1,950 | 54,037 – 1.20 Lakh |
| Quebec | 749 – 1,699 | 46,255 – 1.04 Lakh |
| Calgary | 1,500 – 4,100 | 92,635 – 2.53 Lakh |
| Waterloo | 1,359 – 3,500 | 83,927 – 2.16 Lakh |
| Guelph | 1,699 – 4,600 | 1.04 – 2.84 Lakh |
Top 10 Universities In Canada For Masters
Understand the top Canadian universities offering exceptional Master’s programmes for international students, as ranked by QS World University and Times World University rankings. Check them out here:
| University | QS World University Rankings 2024 | Times World University Rankings 2023 |
| University of Toronto | 21 | 18 |
| McGill University | 30 | 46 |
| University of British Columbia | 34 | 40 |
| University of Alberta | 111 | 118 |
| University of Waterloo | 112 | 201-250 |
| Western University | 114 | 201-250 |
| Université de Montréal | 141 | 111 |
| University of Calgary | 182 | 201-250 |
| McMaster University | 189 | 85 |
| University of Ottawa | 203 | 137 |
Eligibility Criteria For Pursuing A Master’s Degree in Canada
To pursue a Master’s degree in Canada, specific eligibility criteria must be met. These criteria cover educational qualifications, language proficiency, standardised test scores, work experience, and documentation requirements. Below is detailed list on the same:
| Eligibility Criteria | Description |
| Undergraduate Degree | Applicants must have completed a four-year bachelor’s degree or equivalent. |
| English Language Proficiency | Proficiency in English is essential, and minimum scores are required in tests like the IELTS, TOEFL, PTE, or DET. |
| GMAT/GRE Scores | Some engineering and science programmes may require GRE scores, while GMAT scores may be necessary for management programs. |
| Work Experience | Certain courses, like MBA, may require 2-3 years of work experience. |
| Passport & Visa | International students need a valid passport and a study visa to study in Canada. |
Scholarships To Cover MS Costs In Canada
Scholarships are pivotal in making advanced degrees, such as a Master’s (MS), more accessible to students. Financial concerns can be a significant barrier for those pursuing their MS in Canada. Let’s understand the various scholarships offered to assist students in pursuing their Master’s degrees in Canada.
| Scholarship Type | Offered By | Description | Open To |
| Canadian Government Scholarships | Various | Funding for Master’s or PhD programmes in specific fields | International Students |
| Banting Postdoctoral Fellowships | Natural Sciences and Engineering Research Council (NSERC) | Master’s or PhD in natural sciences or health research | |
| Canada Graduate Scholarships – Master’s Programme | Social Sciences and Humanities Research Council (SSHRC) | Master’s or PhD programmes | Canadian Students |
| IDRC Research Awards | International Development Research Centre (IDRC) | Master’s or PhD research in development fields | Students from developing countries |
| NSERC Postgraduate Scholarships | Natural Sciences and Engineering Research Council (NSERC) | Master’s or PhD in natural sciences or engineering | International Students |
| OAS Academic Scholarship Programme | Organisation of American States (OAS) | Master’s or PhD programmes | Students from OAS member states |
| Vanier Canada Graduate Scholarships Programme | Various Universities | PhD programmes only | International Students |
| University-Specific Scholarships | Various Universities | Scholarships offered by individual universities | Varies by University |
| Non-Governmental Scholarships | Various Organisations | Scholarships offered by NGOs and private organisations | Varies by Scholarship |
ROI On Cost Of MS In Canada
In today’s competitive job market, many individuals consider pursuing a Master’s degree (MS) to enhance their career prospects and earning potential. However, such an academic journey often involves a significant financial investment. Therefore, understanding the return on investment (ROI) of obtaining an MS in Canada is crucial for prospective students. Let’s explore the factors influencing the ROI of pursuing a Master’s degree in Canada.
Average Salary After MS In Canada
The average salary after pursuing a Master’s degree in Canada varies significantly depending on the profession chosen. Here are some average salary ranges for different fields:
These figures are based on data from Payscale.com and provide a general idea of the salary ranges for various fields in Canada.
MS Jobs In Canada
In this section, understand the leading Master’s degree-granting institutions in Canada, their initial tuition charges for the first year, and the typical income graduates can anticipate post-completion.
| College Name | First-Year Tuition Fee | Average Salaries (Source – emolument) |
| McGill University | INR 25.0lakhs | $93,000 |
| University of Toronto | INR 24 lakhs | $85,000 |
| University of Windsor | INR 20.5 lakhs | $48,000 |
| University of Waterloo | INR 27.4 lakhs | $72,000 |
| Ryerson University | INR 27.7 lakhs | $56,000 |
Top Recruiters For MS In Canada
In this part, learn about the primary employers seeking candidates with Master’s degrees, offering insights into their hiring trends and preferences. Find out which companies are actively recruiting MS graduates and gain valuable insights into their recruitment strategies.
| University | Top Recruiters |
| University of Toronto | -American Express -Hyundai -Capital One -Citigroup -IBM -TATA -Deloitte -Procter Gamble -Ernst & Young -PWC -Goldman Sachs |
| The University of British Columbia | -Aditya Birla Group -Amazon -SAP -Amazon -Accenture -Ernst & Young -IBM -McKinsey -Apple -Toyota -Nestle |
| University of Alberta | -Google -HONEYWELL -Coopers -Shell -KPMG -IBM -SAP -Amazon -Microsoft -Deloitte -Ernst & Young -Infosys |
| McGill University | ABB -Deloitte -Unity Technologies -GlaxoSmithKline -KPMG -BCG -Walmart -CIBC -IBM -Scotiabank -McKinsey & Company -Infosys |
| York University | -KPMG -IBM -E&Y -Deloitte -Microsoft -Amazon -PWC -Siemens -IBM -P&G -SONY -American Express |
Advantages Of Pursuing MS In Canada
Pursuing a Master’s degree in Canada offers numerous advantages to international students. Here are some of the key benefits:
Access To World-Class Education
Canada is renowned for its high-quality education system, emphasising research and academic excellence.
Top universities like the University of Toronto, University of British Columbia, McGill University, and others provide a wide range of master’s programmes, including MBA, MS in Engineering, IT Master’s, and more.
Diverse Cultural Experience
Canada is a multicultural country, offering international students a rich and diverse cultural experience.
This exposure enhances personal development and cross-cultural understanding through interactions with classmates from different backgrounds.
Quality Of Life
Canada prioritises student safety and well-being, ensuring a secure environment for education.
The country celebrates diversity and offers a welcoming atmosphere for students to maintain and appreciate their cultural heritage.
Job Opportunities
International students can work part-time (up to 20 hours per week) while studying, gaining valuable work experience.
After graduation, students can apply for open work permits through Canada’s post-graduation work visa programme, which opens up opportunities in fields such as software engineering and financial analysis.
Financial Support
Scholarships and financial aid programmes, such as the Ontario Graduate Scholarship and IDRC Research Awards, help reduce financial burdens for international students.
Access To Healthcare
Many provinces offer health insurance policies for international students, ensuring access to free healthcare services and peace of mind.
Cost-Effective
Pursuing an MS in Canada is relatively affordable compared to other popular study destinations, such as the UK and the US.
Highly Advanced Technology
Canada has advanced technology in various fields, including telecommunications, video games, digital media, aeronautical engineering, and biotech, making it an attractive destination for students interested in these areas.
Employability
Canadian universities have a high employability rate, making it easier for graduates to find jobs in their fields.
Government Support
The Canadian government provides various initiatives to support international students, including the post-graduation work visa programme, which helps students transition into the workforce.
Pursuing a Master’s degree in Canada offers a unique combination of academic excellence, cultural diversity, and professional opportunities, making it an attractive choice for international students. The cost of an MS in Canada includes fees, visa charges, living expenses, and other miscellaneous expenses. Students must consider these financial aspects and plan accordingly to ensure a financially sustainable experience while studying in Canada.
FAQs
How much does it cost to do MS in Canada?
The tuition fees for MS courses in Canada vary between 6,000 CAD/3,62,489 INR and 74,110.28 CAD/44,77,359 INR per year. The exact amount depends on the specific university and programme the student chooses.
Is MS in Canada cheaper than the US?
It is generally observed that MS tuition fees in the United States are higher than in Canada. Nevertheless, tuition fees can vary depending on the specific institution and programme chosen by students.
Is it easy to get PR in Canada after MS?
After completing a one-year study programme in Canada, international students can apply for Permanent Residency (PR). Canada offers various options and pathways for international students to reside and work in the country after their studies.
What is the eligibility for MS in Canada?
Eligibility typically includes a bachelor’s degree, relevant standardised test scores (like GRE or GMAT), and meeting language proficiency requirements (often IELTS or TOEFL).
Is MS in Canada a good option?
Yes, it can be a good option due to Canada’s high-quality education system, diverse culture, and opportunities for research and employment in various fields.
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1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”
I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further