Get $150 Scholarship!


Hamilton, OntarioLOCATION
Estd 1887Established Year

Master of Arts [M.A] (Economics)

 1 year
 full time
 on campus
 Course Based

Field of Study

$ 12,820 

1st Year

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 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

Jan 24

Scores Required

92 / 120

Avg. Score in


7 / 9

Avg. Score in


60 / 90

Avg. Score in


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


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


  • 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.

Get free counselling

Follow & Share this college to get information about admission

Algoma University Sault Ste. Marie, Ontario
Carleton University Ottawa, Ontario
OCAD University Toronto, Ontario
University of Waterloo Waterloo, Ontario
University of Windsor Windsor, Ontario
University of Toronto , Toronto Avg Fee: $37.84K/Yr 7.4
University of British Columbia , Vancouver Avg Fee: $29.39K/Yr 6.7
McGill University , Montreal Avg Fee: $34.24K/Yr 6.6
Carleton University , Ottawa Avg Fee: $24.3K/Yr 4.2
University of Ottawa , Ottawa Avg Fee: $18.08K/Yr 4.7
University of Montreal , Montreal Avg Fee: $19.6K/Yr 6
University of Alberta , Edmonton Avg Fee: $16.03K/Yr 5.7
Queen's University , Kingston Avg Fee: $31.56K/Yr 5
York University , Toronto Avg Fee: $22.12K/Yr 4.3
University of Calgary , Calgary Avg Fee: $13.75K/Yr 5.4