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MCMASTER UNIVERSITY, HAMILTON, ONTARIO - PROGRAMS

Hamilton, OntarioLOCATION
UniversitySCHOOL TYPE
Estd 1887Established Year
  33147Enrollment

Master of Arts [M.A] (Economics)

 1 year
 full time
  English
 on campus
 Course Based

Field of Study

$ 12,820 

1st Year
Fees

International Student Tution

Check Detailed Fees

Program Description

  • McMaster University offers an MA in Economics for a duration of 1 year.
  • It is a course-based program available with both full-time and part-time options.
  • This program provides a thorough grounding in modern economics and preparing students for doctoral studies in economics and careers in the public and private sectors.
  • The following courses are compulsory for MA in Economics are:
    • One-term course in Microeconomic Theory
    • One-term course in Macroeconomic Theory
    • Two one-term courses in Econometrics (1 each semester)
    • A short course in Mathematical Methods
  • The fundamental goal of the Economics program is to prepare students for such an advanced study of economics.
  • The program will explain and analyze the relationships of, economic phenomena at the individual and economy-wide levels that affect the allocation of resources using economic theory and quantitative methods.
  • In addition to the compulsory courses, students have to complete 4 electives courses.
  • Students can take elective courses in a variety of fields, including Health Economics, International Finance, International Trade, Industrial Organization, Population Economics, and Public Economics.
  • The Student-faculty ratio of the Economics program is 7:1.
  • Students may also apply for a PhD after completing this program which is of 4 years thesis program available in both full-time and part-time options.
  • University provides various lab facilities to students such as Public Economics Data Analysis Laboratory (PEDAL), Statistics Canada Research Data Centre (RDC), and McMaster Experimental Economics Laboratory (McEEL).
  • The Department of Economics at McMaster University offers 2 graduate programs in Economics:
    • 1 year MA in Economics Policy (MAEP) program
    • 1 year course-based MA in Economics (MA) program
  • McMaster University is home to the best laboratories and brightest minds in the country who work every day to improve human and societal health and well-being and ranks 6th in the country in the research intensity.
  • The Faculty of the department has received global recognition by winning awards such as the Early career researcher award, the Impact award, and the Scholar-In-Community award.
  • Job opportunities after MA Economics are Financial Analyst, Business Analyst, etc and the average salary goes up to 56,250 USD.

Program Highlights

Degree Type Offered Master
Duration1 year
Fees$ 12,820 for 1 year
Delivery TypeFull Time
Admission Intake Fall (Deadline - Jan 24)
Language Proficiency TOEFL,IELTS,PTE
Program Urlhttps://www.economics.mcmaster.ca/programs/master-of-arts-in-economics

Eligibility & Entry Requirement

Academic Eligibility:

  • Students will have to complete an honors BA in Economics or a relevant degree from a recognized university. 
  • Students have to maintain a B+ grade in courses during the final 2 years of their UG programs.
    • Advanced microeconomics and macroeconomics courses (at least 1 course in each beyond the full-year intermediate courses).
    • One upper-level (3rd years or above) university statistics or econometrics course, with econometrics preferred.

Indian Student Eligibility:

Indian students are eligible to apply if they meet one of the following eligibility criteria:

  • Completed a 4-year UG degree with first class in a relevant field from a recognized university.
  • Or, completed a 3-year UG degree from a recognized institution and required a minimum GPA in the final 2 years.

Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test.


Required Document List

Following are the required document:

  • Online application form and fees: Students have to fill the online form and submit the application fees. 
  • CV/Resume: Outline of academic achievements and/or awards, publications, relevant work and/or volunteer experience.
  • Two Academic or Professional References: Referees (Teachers, guidance counselors, or Professors) should comment on academics and that references should submit along with the application system.
  • Personal Statement: It should include a brief overview of themselves, strengths and any work experience and/or education that students have.
  • Transcripts: Students have to submit transcripts from all universities/colleges attended, World Education Services Assessments, and English Language Proficiency test scores.
  • Statement of Intent: Reasons or intentions for pursuing studies in this program, including a description of prior experience.


Application Deadline

Fall
Jan 24


Scores Required

92 / 120

Avg. Score in

TOEFL

7 / 9

Avg. Score in

IELTS

60 / 90

Avg. Score in

PTE


Fees & Funding

Tution & Application Fees

YearYear 1
Tuition fees$12820

Living Costs

HeadAvg Cost Per Year
Room and food (on-campus)$ 9,195
Housing (off-campus)$ 4,860

Ranking

Times Higher Education 2020

Ranked #201/ 501

Economics [ International ]


Scholarship Grants & Financial Aids

NameAmountInternational Students EligibleApplication Deadline
Ontario Graduate Scholarship $10,847 Yes N/A
BrokerFish International student scholarship $1,000 Yes 21 Dec, 2020
JN Tata Endowment Scholarship Variable Yes 09 Mar, 2020
Aga khan Foundation Scholarships Variable Yes 31 Mar, 2020
Go Clean Scholarship $3,500 Yes 31 Dec, 2020
Debesh Kamal Scholarship $1,385 Yes 30 Apr, 2020
Bharat Petroleum Scholarship 2020 Variable Yes N/A
Paul Foundation scholarships $20,174 Yes N/A
Forktip Women’s- Innovation Scholarship Variable Yes 30 Aug, 2020
(ISC)² Women’s Cybersecurity Scholarships Variable Yes 19 Feb, 2021
FINCAD Women in Finance Scholarship $20,000 Yes N/A
Ellis R. Ott Scholarship for Applied Statistics and Quality Management Variable Yes 01 Apr, 2020
Ontario Graduate Fellowship $8,459 Yes N/A
Collegedunia $150 Scholarship Program $150 Yes N/A
Show More

VISA & Work Study

VISA

  • Students are required to get a Study Visa to study in Canada.
  • If students are traveling outside Canada will need either an Electronic Travel Authorization (ETA) or a Valid Temporary Resident Visa (TRV) to re-enter Canada.
  • The cost of the study visa is 112 USD and is valid for the length of the student’s study program, plus an extra 90 days.
  • Students need a Social Insurance Number (SIN) to work in Canad and to get the SIN, students will need to bring a passport and study visa.
  • At the time of VISA application, students need to provide various documents:
    • Application form and Study Plan
    • Valid Passport
    • Official Acceptance Letter
    • Financial Evidence

Work Study

Students need a work-Study visa to work in Canada. Full-time international students studying at a Canadian university may seek employment in Canada in 4 situations:

  • on-campus employment
  • co-ops employment
  • working off-campus
  • post-graduation work visa

The McMaster Work Program gives students opportunities to work on campus during the fall/winter terms and over the summer.

  • First-year international students are not eligible for the fall/winter work program but can apply for the summer after their first year and every year beyond.
  • International students with a valid study visa are eligible to participate in McMaster’s work programs.
  • Students can work Part-time at a maximum of 10 hours per week in the fall and winter terms.
  • Students can work Full-time of 35 hours per week and part-time over the summer.

Career and Placement after Course

Career opportunities for the students are:

  • Economist
  • Economic Advisor
  • Executive Analyst
  • Consultant
  • Researcher
  • Financial Analyst
  • Business Analyst
  • Economic Research Analyst
  • Stock Market Analyst.



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