Canada is a popular destination for international students due to its multicultural population, top-notch higher education institutions, and regulations that encourage immigration. For many people, earning a master’s degree in Canada is a distant ideal, but due to escalating costs and other financial difficulties, many students are unable to realise this desire. We will give you complete information on the cost of MS in Canada in this article. Although studying abroad can be expensive, one location where you can obtain a top-notch higher education at reasonable costs is Canada. In comparison to other well-known industrialised nations, MS studies in Canada may be less expensive.
In Canada, a master’s degree can take one to two years to complete and may involve research in addition to coursework. Master of Business Administration (MBA), Master of Engineering, Master of Arts or Master of Fine Arts, Master of Management, Master of Pharmacy (MPharma), and Master of Engineering are all MS programmes. International students have a significant advantage when studying in Canada because they are granted a post-study work visa after completing their MS there. The average cost of an MS in Canada is Rs 16.43 Lakh per year, and the average cost of living is Rs 5.46 Lakh per year, as seen in the graphic below.
Benefits of studying for an MS in Canada.
In the top 300 of the QS World University Rankings 2020, more than 25 Canadian universities are listed. In addition, Canada not only welcomes immigrants but also provides top-notch living conditions. While pursuing higher education, international students may work up to 20 hours a week. After completing their studies, graduates have a number of work choices. International students may stay in Canada for up to three years to work abroad after earning a bachelor’s or master’s degree.
MS Cost in Canada inclusions
The list below includes some of the significant factors that contribute to the overall cost of attending college in Canada.
- US $250 IELTS/TOEFL fee
- GRE/GMAT fee – In order to be admitted to an MS programme in Canada, you must submit your GRE or GMAT scores. The GMAT is $275 and the GRE is $213.
- Application fee – Application fee, you pay at the time of the application process. This is a one-time fee that you pay while staying in your home country. On average, it can vary from CAD75-CAD100 for every university depending on the number of universities you apply to.
- Tuition: Although it may differ from university to university, as previously mentioned (in the infographic), the typical tuition charge is about Rs. 10.76 L per year.
- Guaranteed Investment Certificates, also known as GICs, are liquid short-term investments with a one-year maturity and a guaranteed rate of return. Before arriving in Canada, international students must acquire a GIC for $10,000 CAD.
- Application for a student visa costs $150 Canadian dollars.
- Cost of the biometric charge is 85 CAD.
- Flight tickets: One-way airfares typically range from $1,000 to $1,500 in Canadian dollars.
- Living costs – Your local area will determine your living costs. The cost of living will be higher if you choose to live in a major city like Toronto or Ottawa than if you choose to stay in a lesser-known location. According to the infographic above, the average cost of living in Canada is $10,000 per year. Living costs – Your local area will determine your living costs. The cost of living will be higher if you choose to live in a major city like Toronto or Ottawa than if you choose to stay in a lesser-known location. According to the infographic above, the average cost of living in Canada is $10,000 per year..
- CAD 750 annually for health insurance, medical costs, accidents, dental work, and interruptions of studies (if it happens)
The cost of tuition varies from university to university and may change depending on the programme. Compared to other MS programmes, courses connected to medicine are more expensive. The price of tuition may vary depending on a number of variables, including the programme type (MS/MBA/Ph.D.), the course (CS, Engineering, etc.), the university, and the institution’s location (Vancouver, Toronto, Montreal, etc.). If you think the tuition is too expensive, you can apply for a student loan to study in Canada or a scholarship to pursue an MS there. Candidates might search for economical universities in Canada if they are looking for less priced schools.
1. Is Canada cheaper for Indian students?
As compared to the other top destinations like the UK and the USA, Canada is pretty affordable in terms of studying and living costs.
2. Is Canada good for MS for Indian students?
MS is a recognized specialized degree for the Master of Science and Canada has been one of the most top sought for the study for the international students as well as for the Indian Students. It is the second most popular education destination for the students of India who want to study abroad.
3. How much it costs to study in Canada?
Compared to many countries, studying in Canada is very affordable. You will likely need between C$20,000 and C$30,000 annually to cover tuition. This range is an average only and will vary according to the institution and program in which you are enrolled.
4. Is Canada cheaper than India?
Cost of living versus quality of life. The cost of living in India is considerably lower than in Canada. Everything costs less, from produce at the local market, to rent and real estate, to childcare, even cell phones.20
To end this blog, we just want to say that even with these costs in mind, MS still remains one of the best options for career-oriented students. Just make sure you allot enough time and resources whenever you plan on pursuing it. All indicators show that the demand for experts in this field will only go up in coming years.
In case you are planning to apply now or further ahead, just make sure your finances are ready! Because all expenses related to studying will add up pretty fast if not properly managed.