10 Best Masters Programs in Canada for Jobs

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Last Updated on January 24, 2024

Canada offers world-class master’s degrees in various areas which can be challenging for students to make a choice. Here is a carefully selected list of the best masters programs in Canada for jobs. With the aid of this list, you can rest assured that the program you choose will yield a return on your investment.

A master’s degree prepares graduate students for positions like CEO, CFO, senior marketing manager, supervisor, HR manager, and other top positions. The degree is designed to equip students with deeper and broader knowledge in a particular field and make them become professionals or experts in their specialization. And it is the major reason a lot of people get a master’s degree. With a higher position comes a large paycheck and other benefits that entry positions cannot get.

However, pursuing a master’s degree is not easy. It is expensive and can take longer than expected to complete a thesis or project, and all of these consume more money. You can cut down on the cost of pursuing a master’s degree in Canada by applying to one of the cheapest colleges in Canada for international students and applying for other scholarships.

So, if you are going to pursue a master’s degree ensure it will get you a high-paying job and with a whole lot of options out there, it can be difficult to settle on one that is why we have brought this list to you.

The list of best masters programs in Canada for jobs provides information on the exact master’s degree programs you can pursue in Canada to get a high-paying job in Canada, the UK, Australia, Japan, UK, or anywhere in the world, and this is because Canadian universities offer world-class degrees.

Also, these are job roles that are in high demand in Canada and the rest of the world. And you can only get into them with a master’s degree or higher. You may also want to peruse our recent guide on worst jobs for introverts (best jobs for extroverts) and best jobs for ambiverts to understand how your personality type can help you choose a job that guarantees your success.

This post would be much more beneficial to those who want to study, work, and live in Canada, whether as immigrants or residents. So, let’s dive into the main topic.

Best Masters Programs in Canada for Jobs

One of the dreams of students pursuing a master’s degree in Canada is to be able to get a high-paying job and get a high return on their educational investment. It can be challenging to know which field has a high demand for professionals but with the aid of this guide, you will get to know them and tailor your master’s program to fit into such fields.

And with that, here are the best masters programs in Canada for jobs:

1.     Masters in Finance

The demand for professionals in finance will only continue to climb higher as more and more startups and companies are coming up, they will need individuals to take on the role of CFO, finance director, finance coordinator, finance administrator, or executive role in finance.

Only a master’s degree or higher can get you into such executive roles as the program will equip and enrich you with skills and knowledge in risk management, investments, insurance, and mergers and acquisitions. These are necessary know-how to handle executive financial positions. Some of the best universities in Canada for masters in finance are the University of Toronto, UBC, the University of Alberts, McGill University, and Queen’s University.

With a master’s degree in finance, you will earn an average salary of CAD 80,000 to CAD 120,000 per year.

2.     Masters in Computer Science

You must have guessed this anyone would and they would be correct. There is nowhere in the world now where a degree in computer science is not important. Even those with a bachelor’s degree in computer science can get high-paying salaries and are in high demand talk more of those with a master’s degree in computer science.

A master’s degree in computer science is one of the best programs in Canada for jobs and with the degree, you can lead computer or IT departments of businesses, companies, startups, and organizations because of your in-depth understanding of the field. You could also work as a consultant for companies and be your boss.

Masters in computer science in Canada come with specializations in data science, cloud computing, software engineering, and data analytics. You will have to choose a specialization so that you can be well-grounded in a particular track. Depending on the track you focus on, you can earn between CAD 59,000 to over CAD 138,000 per year.

Some of the best universities in Canada for masters in computer science include UBC, the University of Waterloo, the University of Montreal, Simon Fraser University, and the University of Ottawa.

3.     MBA

Masters in Business Administration popularly known as MBA is one of the most sought-after master’s degree programs in Canada, and the reason behind this is very clear. Business rules the world, every part of the world conducts business, and as a business professional, you get to learn how to understand the concept more than any other person and tap into it to take any business to the next level.

Due to this, business professionals are in high demand. I used to think that with the rate of people acquiring an MBA, there may be too many of them which can lead to less demand but that is not true and this is because business covers every sector and these days, you can get an MBA with a focus on a particular sector. There are MBAs in Canada with a focus on healthcare, marketing, entrepreneurship, finance, innovation, strategy, international business, accounting, management, and many others.

So, you see that there will forever be a demand for MBA holders. Therefore, if you are looking for one of the best masters programs in Canada for jobs, an MBA should be on your top list. Depending on your focus, the average salary of MBA holders in Canada is CAD 70,000 per year. Some of the best universities in Canada for MBAs include Schulich School of Business, Smith School of Business, UBC, Rotman School of Management, Ivey Business School, and Sauder Business School.

4.     Masters in Psychology

I wondered how a master in psychology would make a list of the best masters programs in Canada for jobs but with a simple research I found out from Universal Adviser Information that there is a huge demand for psychologists in all of Canada’s provinces and territories, and if you are qualified you can earn between CAD 71,200 and CAD 110,400 per annum.

Further research from Job Bank reveals that over the period 2022-2031, new job openings for psychologists are expected to total 18,800.

From these results and projections, you and I can both agree that pursuing a master’s in psychology in Canada will yield a high return on investment. So, you may want to look into pursuing a degree and working as a psychologist in Canada.

5. Masters in Public Health

There is nowhere in the world where healthcare workers, especially public health workers, are not in high demand and Canada is one of those places. The country has more than 10,000 job openings for public health professionals with a master’s degree in public health, and they get to earn an average salary of CAD 66,000 per year.

Masters in public health can work across various healthcare settings in Canada and across the world. Some of the best universities in Canada for a masters degree in public health include the University of Ottawa, the University of Saskatchewan, Simon Fraser University, and the University of Guelph.

6.     Masters in Human Resource Management

Most companies prefer to employ those with a master’s degree in HR or those who have at least 5 years in HR management. The role calls for a professional to handle it as it makes up an important part of every organization. The key duties of an HR include managing employees and overseeing the entire operations of the organization.

You see it is a role that requires someone with a high level of education or grounded experience to handle it. In Canada, there is always a high demand for HR managers, and this demand is driven by economic recovery, technological advancement, and evolving workplace dynamics. According to Nationwide Visas, between 2022 and 2031 around 18,200 new jobs are expected to open for HR managers.

The average salary for human resource managers in Canada is $96,434 per year. Some of the best universities in Canada for HR management include the University of Windsor, York University, the University of York, Centennial College, Humber College, and the University of Regina.

7.     Masters in Civil Engineering

According to ConstructionPlacements, civil engineers are expected to be in demand in the future in Canada due to aging infrastructure, population growth, and increasing urbanization. According to Job Bank, from 2022 to 2031, there will be over 26,100 new job openings in Canada for civil engineers arising from expansion demand and replacement demand.

The average salary of Civil Engineers in Canada is CAD 74,212. Some of the best universities in Canada for Masters in Civil Engineering include McMaster University, Concordia University, Dalhousie University, Conestoga College, Lakehead University, and Queen’s University.

8.     Masters in Pharmacy

A master in pharmacy is one of the best master’s programs in Canada for jobs and here is why:

The Government of Canada lists pharmacists as one of the 29 high-demand occupations with opportunities in every province and there will be close to 13,000 job openings in the field from 2019 to 2028. Also, according to the Canadian Pharmacists Association, there is a national shortage of pharmacists in Canada.

This may be a time as good as any to pursue an education in pharmacy in Canada and be among one of these in-demand professionals. They earn an average salary of CAD 95,563 per year. The best universities in Canada to study pharmacy are the University of Manitoba, Concordia University, and the University of Waterloo.

9.     Masters in Electrical Engineering

Electrical engineering is one of the engineering fields in Canada that dominates the country’s labor force. To pursue this program at the graduate level, you can choose a specialization in aerospace, computer hardware, software design, construction, IT communication, or manufacturing. Whichever of these fields you choose can earn you an average salary of CAD 83,229 annually.

Some of the best universities in Canada for Masters in Electrical Engineering include UBC, Western University, the University of Manitoba, the University of Calgary, Carleton University, and Laval University.

10.  Masters in Mechanical Engineering

According to a study conducted by COPS, mechanical engineering is one of the most rewarding careers in Canada. This is why I have added it to the list of best master’s programs in Canada for jobs because a rewarding career will come with a good income and other benefits which makes it rewarding.

To study for a master’s in mechanical engineering in Canada, there are specializations in nanotechnology, materials engineering, nuclear engineering, aerospace, industrial engineering, mechatronics, and manufacturing engineering.

Some of the best universities in Canada for masters in mechanical engineering include the University of Toronto, UBC, the University of Ottawa, the University of Waterloo, the University of Alberta, and the University of Calgary. The average salary of mechanical engineers in Canada is CAD 72,625 per year.

Conclusion

This wraps up the list of best masters programs in Canada for Jobs and from the list provided here, you can easily select which field you want to earn a masters. The universities best at providing each of the masters programs are also provided so that you can start your research from there.

However, bear in mind that these programs are particularly expensive but when you graduate, there are job openings for you with high pay and other benefits.

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