Bachelor of Economics in Canada

Bachelor of Economics in Canada

Bachelor of Economics in Canada
Tejaswee RawalWed Mar 23 2022

Bachelor of Economics in Canada is a 3 or 4-year undergraduate course that provides students with comprehensive knowledge on matters of economics, such as inflation, unemployment, the national debt, taxation policy, labour force analysis, social policy reform, international trade policy, natural resource and environmental economics. 

This course is often offered as a Bachelor of Arts degree. Additionally, it is also offered as a commerce and business degree. 

In addition, this course in most Canadian universities as-

  • Honours in Economics 
  • Specialisation in Economics
  • Major in Economics 
  • Minor in Economics 
  • Minor in Analytical Economics

Via this degree, you will get advanced knowledge of areas like-

  • Financial Economics
  • Public Policy
  • Econometrics
  • Statistics
  • Economy Theory etc.

Why study this course in Canada? 

  • Leading universities offer this course. 
  • SAT/ ACT scores are not required.
  • Job prospects are great after graduation. The salary of an Economist in entry-level job positions is around CAD 60,000 per year.
  • This course can help you make a career in Economics areas as- 
    • Economic analyst
    • Economic development officer
    • Financial auditor
    • Financial controller
    • Inventory analyst
    • Investment analyst
    • Labour policy analyst
    • Labour relations officer
    • Pollster
    • Real estate development

Top Universities for Bachelor of Economics in Canada

According to the QS World University Rankings by Subject 2021, these are among the best institutes for business and economics degrees in Canada. 

Global Ranking

University

Location

=38

University of Toronto

Toronto, Canada

=45

University of British Columbia

Vancouver, Canada

60

McGill University

Montreal, Canada

=74

Western University

London, Canada

82

University of Montreal

Montreal, Canada

=114

York University

Toronto, Canada

=121

University of Alberta

Edmonton, Canada

151-200

Queen’s University at Kingston

Kingston, Canada

201-250

University of Calgary

Calgary, Canada

201-250

University of Waterloo

Waterloo, Canada

Best Economics Undergraduate Programs in Canada

University

Economics Courses

University of Toronto

Bachelor of Arts in Economics

University of British Columbia

Bachelor of International Economics

 

Bachelor of Arts in Economics

University of Alberta

Bachelor of Management in Business Economics

York University

BA in Business Economics

BA in Economics

University of Victoria

BA/ BSc in Economics

University of Calgary

Bachelor of Arts in Economics

University of Windsor

Bachelor of Arts (Honours) in Economics

Bachelor of Science (Honours) in Economics

McMaster University

Honours Economics and Computer Science (BA)

Honours Economics and Mathematics (BA)

University of Ottawa

Honours Bachelors in Economics

Honours Bachelors in Economics and Public Policy

Honours in International Economics and Development

Bachelor of Economics Fees in Canada

The table below shows the tuition fees for a bachelor's degree in Economics in Canada for international students. 

University

Annual fees in CAD

University of Waterloo

42,000-43,000

Concordia University

47,205.25

University of British Columbia

43,668.9

McMaster University

48,716

University of Manitoba

18,100

Thompson River University

26,582.02

University of Calgary

24,529.84

Lakehead University

27,759.79

Bachelor of Economics in Canada: Admission Process and Requirements

Application Process and Document Checklist

These are the documents you will require in the application process: 

  • Class 10 and 12 transcripts, provisional and character certificate
  • Valid English Proficiency Scores
  • Completed application
  • CV
  • Application fees
  • Statement of Purpose (SOP)
  • Passport
  • Proof of Scholarships if any
  • Letter of Recommendations.

University Specific Entry Requirements

University of Waterloo

  • Course Name: Bachelor of Arts in Economics
  • Course Duration: 4 years
  • English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.5 in writing and speaking, 6.0 in listening and reading
    • TOEFL: Overall 90, minimum 25 in speaking and writing
    • PTE: Overall 63, minimum 65 in writing and speaking
  • Academic Requirements: Applicants need to pass class 12/ high school diploma with a minimum final grade of 70%.

University of Concordia

  • Course Name: Bachelor of Commerce in Economics (Co-op)
  • Course Duration: 3 to 4 years
  • English Test Scores: 
    • TOEFL: Overall 90, minimum combined score of 34 in speaking and writing.
    • PTE: Overall 61
  • Academic Requirements: Applicants need to pass Canadian high school or other international high schools with a minimum of 3.0 GPA on a 4.30 scale.

University of British Columbia

  • Course Name: Bachelor of Arts in Economics (Co-op)
  • Course Duration: 4 years
  • English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band
    • TOEFL: Overall 90, minimum 22 in reading and listening, 21 in writing and speaking. 
    • PTE: Overall 60, minimum 60 in each band
  • Academic Requirements: Applicants need to pass an international high school diploma with a minimum of 76%. Prerequisite courses include mathematics or statistics. 

McMaster University

  • Course Name: Bachelor of Arts in Economics
  • Course Duration: 3 years
  • English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band
    • TOEFL: Overall 86, minimum 20 in each field
    • PTE: Overall 60, minimum 60 in each band
  • Academic Requirements: Applicants need to pass an international high school diploma with an average GPA of 3.5. 

University of Manitoba

  • Course Name: Bachelor of Arts (Honours) in Economics (Co-op)
  • Course Duration: 3+ years
  • English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band
    • TOEFL: Overall 86, minimum 20 in each field
    • PTE: Overall 60, minimum 60 in each band
  • Academic Requirements: Applicants need to pass an international high school diploma with an average GPA of 3.0. 
  • Application fee: CAD 120

Thompson River University

  • Course Name: Economics Major, Bachelor of Arts
  • Course Duration: 4 years
  • English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band
  • Academic Requirements: Applicants need to pass a grade 112 with a minimum of 73%. 

Lakehead University

  • Course Name: Economics, Honours Bachelors of Arts 
  • Course Duration: 4 years
  • English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band
  • Academic Requirements: Applicants need to pass an international high school diploma with a minimum of 70%.

Scholarships

University

Awards

Amount (CAD)

University of Alberta

International Admission Scholarship

C$5,000

Gold Standard Scholarship

Up to C$6,000

McGill University

Entrance scholarships for future undergraduates

C$3000 to C$12,000

McMaster University

The Woo Family International Entrance Scholarships

C$3000

Provost Entrance Scholarship for International Students

C$7500

Dalhousie University

Entrance Scholarships

C$4000 to C$8000

University of Canada West

Scholarships for Academic Excellence

C$4000 to C$12,000

Second Language Excellence Scholarship

C$8000

Scope and Jobs after Bachelor of Economics in Canada

Through this degree, you will be able to learn how to model and forecast economic activities or get a comprehensive understanding of contemporary economics and/or business. You'll also develop skills to analyse practical business problems such as

  • Market forecasting
  • Pricing policies
  • Strategic financing
  • Business development

Consequently, after completing a Bachelor of Economics, you can work in several industries in economics-related roles. 

Possible employers: 

  • KPMG LLP Canada
  • Sun Life Financial
  • The Co-operators
  • Human Resources and Social Development Canada
  • Ontario Ministry of Infrastructure
  • Buytopia
  • Lug
  • Professional and Business Economist
  • Banking

Job Title

Range

Average

Financial Analyst

C$44k - C$73k

C$56,441

Data Analyst

C$45k - C$78k

C$58,382

Account Manager

C$41k - C$86k

C$58,146

Business Intelligence (BI) Analyst

C$48k - C$80k

C$62,556

Financial Controller

C$57k - C$118k

C$83,931

Project Manager, (Unspecified Type / General)

C$49k - C$110k

C$73,494

Economist

C$40k - C$99k

C$63,848

Tax Economist

C$45,000 – C$73,000

C$57,409

International Trade Specialist

C$67,000 – C$145,000

C$102,751

Statistician 

C$38,000 – C$71,000

C$51,248

Executive Director

C$55,000 – C$113,000

C$78,168

Agricultural Economist

C$48,000 – C$127,000

C$77,123




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