Economics Colleges in Canada: Rankings, Fees, Courses, Eligibility and more

Embarking on a journey to pursue economics in Canada is an exciting endeavor, promising a blend of quality education, diverse culture, and ample career opportunities. This blog post will serve as your comprehensive guide, highlighting admission requirements for renowned universities such as the University of Toronto, the University of British Columbia, McGill University, Western University, and the University of Montreal. Additionally, we’ll share insights on how to strategically choose the right university for your academic and career aspirations.

Admission Requirements:

  1. University of Toronto:

    • Academic Standing: A mid-B (75%) or higher in the final year.
    • Course Requirements: Full-year courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
    • English Proficiency: IELTS 7.0 (6.5 band score) | TOEFL 93 (22 in writing/speaking).
    • Additional Documents: Letters of recommendation, scholarship letters (if any), and financial documents.
  2. University of British Columbia:

    • Academic Record: Strong background in economic theory, statistics, and econometrics, with one year of calculus.
    • Additional Coursework: Additional study of calculus and linear algebra.
    • Supporting Documents: Resume, Statement of Purpose, and Letter of Recommendation.
  3. McGill University:

    • Academic Requirement: Honors B.A. in Economics with a minimum CGPA of 3.0 out of 4.0.
    • Coursework: Two terms of calculus, one term of matrix algebra, and statistics.
    • Supporting Documents: Resume, Proof of finance availability, Statement of Purpose, and Letters of Recommendation.
  4. Western University:

    • Educational Background: Possession of a four-year BA degree with a minimum 78% overall average in the last two full-time undergraduate years.
    • Eligibility: Candidates with a 3-year general degree are not eligible.
    • Additional Documents: Letter of recommendation, English Proficiency Test Scores (IELTS 6.5 | TOEFL 80 or above), and Resume.
  5. University of Montreal:

    • Academic Qualifications: Very good mathematical skills and a graduate-level GPA of at least 3.3 out of 4.3.
    • Language Proficiency: Proficiency in French, English, and any other language necessary for research.
    • Supporting Documents: Letter of recommendation, English Proficiency Test Scores (IELTS 6.5 | TOEFL 80 or above), and Resume.
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How to Choose Universities:

Selecting the right university is a crucial decision, and here’s a step-by-step guide:

  1. Research: Explore universities offering your desired course.
  2. Analyze ROI: Consider rankings, job opportunities, fees, course structure, and research opportunities.
  3. Utilize Tools: Leverage tools like University Comparer for a detailed comparison.
  4. Budget and Location: Factor in your budget and preferences for the location of the university.
  5. Alumni Profiles: Review the careers of previous graduates for insights into the university’s success.

Application Process:

  1. Fill the Application: Complete the application form for your chosen university.
  2. Pay Fees: Submit the required application fees.
  3. Await Decision: Patiently await the university’s decision.
  4. Receive Offer: If accepted, proceed with the student visa application.


Embarking on a journey to study economics in Canada is a rewarding venture. By understanding the admission requirements of esteemed institutions and employing a strategic approach to university selection, you can pave the way for a successful academic and professional future. Good luck on your academic journey in the vibrant and diverse landscape of Canadian universities!

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