The 10 highest earning degrees in Canada

A university degree remains us of the best way to land a well-paying job: The January 2020 employment report from the Council of Ontario Universities shows that 94% of 2014 graduates found a job two years after graduation.
Over a 40-year period, a university graduate earns an average of $ 1.1 million, or 58% more than graduates of other Ontario post-secondary programs and $ 1.45 million more than a university graduate. Canadian high school education according to the 2015 Employment Report (English) from University Works and Statistics Canada.

Below is a list of the ten highest-paying bachelor’s degrees based on the highest average salaries as well as the most recent tuition fees at three major Canadian universities, so students have an idea of what their graduates will earn them. studies 1,2.

10. Civil engineering

The average salary in 2017 dollars: $ 80,080

Tuition fees – first year (2018-2019, University of Toronto): $ 15,760

Tuition fees – first year (2017-2018, University of British Columbia): $ 6,054.65

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

Over the next few years, Canada’s economic growth is expected to result in increased investment in construction projects, which could translate into increased employment in this sector, according to Service Canada.

The civil engineer participates in the various stages, from design to completion, of a road, bridge, tower, building, or water supply system construction project, in particular.

9. Nursing science

The average salary in 2017 dollars: $ 84,510

Tuition fees – first year (2017-2018, University of Toronto): $ 8,840

Tuition fees – first year (2017-2018, University of British Columbia): $ 8,303

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

The nurse practitioner may have more responsibilities than the nurse, but less than the doctor. To become a nurse practitioner, you will need a bachelor’s degree in nursing and additional training.

You could also get a master’s degree in nursing, but in either case, you will need several years of experience as a registered nurse. In the health care sector, the job market is expected to remain stable, especially given the aging of the population in Canada.

8. Specialized engineering program

The average salary in 2017 dollars: $ 85,009

Tuition fees – first year (2018-2019, University of Toronto): $ 15,760

Tuition fees – first year (2017-2018, University of British Columbia): $ 6,054.65

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

Specialized engineers work in fields such as agriculture, textiles, and biomedicine, but their duties remain those of an engineer, that is, process management, equipment construction, and facility supervision. The median salary is expected to increase, but keep in mind that it can vary widely by discipline.

7. Business administration

The average salary in 2017 dollars: $ 85,508

Tuition fees – first year (2017-2018, University of Toronto): $ 6,590

Tuition fees – first year (2017-2018, University of British Columbia): $ 5,189.70

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80 (BCom)

There are many possibilities for the holder of a bachelor’s degree in business administration. The salary varies depending on the position. Business service management can be performed in various types of businesses, including law firms, payroll management, and market research companies.

Accountancy is an area of business administration that remains a popular profession with many students. The number of graduates has also increased in recent years. However, according to the Canadian Occupational Projection System ( COPS ) there will be enough positions in the labor market for graduates until 2024.

6. Software engineering

The average salary in 2017 dollars: $ 90,001

Tuition fees – first year (2018-2019, University of Toronto): $ 15,760 (Computer engineering)

Tuition fees – first year (2017-2018, University of British Columbia): $ 6,054.65 (Software engineering)

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80 (Computer engineering)

The demand for computer engineers is expected to grow in the coming years, according to the PPSC, due to increased business investment in the technology sector.

There are a few differences between a software engineering, computer science, or computer engineering degree. The software engineer is responsible for the construction and maintenance of software systems. The computer scientist focuses on data, data transformation, and algorithms.

The computer engineer must design, build, and operate computer systems. These are all highly prized degrees and generally very well paid. According to the PPSC, the number of employees in the computer engineering sector has increased by almost half over the past five years.

5. Earth Sciences

The average salary in 2017 dollars: $ 100,006

Tuition fees – first year (2017-2018, University of Toronto): $ 6,590

Tuition fees – first year (2017-2018, University of British Columbia): $ 5,189.70

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

The holder of a bachelor’s degree in earth sciences will be able to work in mining and petroleum exploration, environmental consulting, and urban planning.

These skills are in great demand in Canada’s mining industry, which has recently experienced a downturn following falling commodity prices. However, significant growth is expected in the coming years, according to the PPSC, due to the recent increase in exploration activity.

4. Pharmacology

The average salary in 2017 dollars: $ 102,398

Tuition fees – first year (2017-2018, University of Toronto): $ 6,590 (BSc)

Tuition fees – first year (2017-2018, University of British Columbia): 16,112.07 (Entry-to-Practice PharmD)

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

A bachelor’s degree in pharmacology is only the starting point of your studies to become a pharmacist, but you will benefit greatly from it.

After graduation, you will also need to pass an exam with the Pharmacy Examining Board of Canada, complete an internship, and be licensed with your provincial college. The Government of Canada forecasts a shortage of pharmacists until at least 2024. Job prospects are therefore excellent.

3. Finances

The average salary in 2017 dollars: $ 103,376

Tuition fees – first year (2017-2018, University of Toronto): $ 6,590

Tuition fees – first year (2017-2018, University of British Columbia): $ 5,189.70

Tuition fees – first year (2017-2018, McGill University):

After two years of learning general business concepts, students majoring in finance will learn how to plan, manage, and analyze the financial aspects of businesses, banks, and other organizations.

Upon graduation, they will have access to a wide range of positions; notably, securities analyst, market research analyst, bank manager, mortgage broker, or portfolio manager.

2. Petroleum or chemical engineering

The average salary in 2017 dollars: $ 104,000

Tuition fees – first year (2018-2019, University of Toronto): $ 15,760

Tuition fees – first year (2017-2018, University of British Columbia): $ 6,054.65

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

Chemical and petroleum engineers can expect to be hired by energy companies, research institutes, and the government.

During their first and second years of study, chemical engineering students will take the same general courses in math and science as students in other engineering programs.

They will then have courses on fluid mechanics, heat and mass transfer, and process modeling with a view to carrying out operations for the transformation of raw materials into products, particularly in the oil and gas, pharmaceutical or energetic.

1. Business or management science

Average salary in 2017 dollars: approximately $ 111,000 to $ 115,000

Tuition fees – first year (2017-2018, University of Toronto): $ 6,590

Tuition fees – first year (2017-2018, University of British Columbia): $ 5,189.70

Tuition fees – first year (2017-2018, McGill University): $ 7,402.80

Note: According to Statistics Canada’s 2016 report, a management science degree offers the highest average salary for women.

More math-oriented than business-oriented, the program covers theories and models of statistics and programming and how to apply them to solve various business problems. Job opportunities include positions in administrative services, as a management or budget analyst and director of marketing.

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