Hamilton, OntarioLocation
    UniversitySchool type
    EStd 1887established year

    Master of Arts [M.A] (Economics)

    1 year
    full time
    honours & on-campus
    Course Based

    Field of Study 

    $ 8,548 

    1st Year

    International Student Tution

    Program Description

    • McMaster University offers a Master of Arts 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 Ph.D. after completing this program which is 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 OfferedMaster
    Duration1 year
    Fees$ 8911 for 1 year
    Delivery Typefull time
    Admission Intakefall (Deadline - Jan 15)
    Language ProficiencyTOEFL,IELTS,PTE
    Program URL

    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

    Event End Date
    fall Jan 15, 2021

    Scores Required

    88 / 120

    Avg. Score in


    6.5 / 9

    Avg. Score in


    60 / 90

    Avg. Score in


    Fees & Funding

    Tution & Application Fees

    YearYear 1
    Tuition Fees$8548
    Health insurance$203
    Other Fees$160
    Total Fees$8911

    Living Costs

    HeadAvg Cost Per Year
    Room and Food (On-Campus)$ 9195
    Housing (Off-Campus)$ 4860


    Times Higher Education

    Times Higher Education 2021

    Ranked #151 / 601

    Economics [ International ]

    Scholarship Grants & Financial Aids

    Name AmountInternational Students EligibleApplication Deadline
    Ontario Graduate Scholarship$ 10847YesN/A
    (ISC)² Women’s Cybersecurity ScholarshipsVariableYesFeb 19, 2021
    Ontario Graduate Fellowship$ 8459YesN/A
    Collegedunia $150 Scholarship Program$ 150YesN/A

    VISA & Work Study


    • 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 Canada 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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