Cost of studying in Canada- Potential Expenses, Future Placements, Emerging Sectors
Cost of studying in Canada is quite reasonable compared to the educational cost in Australia, UK, USA and New Zealand, with lower tuition costs and overall affordability of living.
The state governments support all Canadian universities through public funding, which enables lower study cost for students yet maintaining high academic standards. The study cost in Canada varies depending on the state and university you choose to go to. In order to help you calculate the cost of studying in Canada, the estimated tuition cost of different courses is given below:
- Undergraduate Bachelor Degree – INR 10-25 lacs/ year
- Graduate Masters Degree – INR 6-25 lacs/ year
- Graduate Diploma SPP Programs – INR 5.5 -10 lacs/year
Estimated living costs in Canada: Accommodation costs vary vastly depending on whether you live on campus or rent a room/apartment off-campus. Living cost while studying in Canada typically ranges from INR 6-10 lacs/year.
Employment prospects for international students pursuing overseas education in Canada are good, offering job security and immigration possibilities. Canada depends on its robust educational system to provide a talented work-force and provides extensive career opportunities to all students.
Work while study
In Canada, international students can work while studying and also upon finishing a degree or diploma. As per new regulations from 2014, students don’t need a separate work visa to work off-campus and are eligible to work as early as the start of their study course. Students can work up to 20 hour/week while pursuing their course.
Work after completing course
Under the -Graduation Work Permit Program (PGWPP), international students can work up to three years after the completion of the study course, minimum time being equal to the duration of the program.
Average Income in Canada
The average salary in Canada has been rising since the last few years. Combined with a strengthening Canadian dollar, it has lead to the average income in Canada being higher than in the UK, the USA and most of Europe. An average salary of around $49,000 a year can be expected based on 2014 statistics.
Canada has a solid and prosperous economy with many high growth sectors offering good career and income opportunities.
- Construction, mining and petroleum sectors are expected to face skill shortages over the coming years hence creating a demand for engineers specialized in mining, petroleum, civil, mechanical, geological, computer and chemical fields.
- Canada is one of the largest manufacturers of automotives with global players setting up manufacturing centres, leading to ample job opportunities in this sector.
- Pharmaceuticals is one of Canada’s highest growing industries with manufacturing centres, R&D facilities and sophisticated distribution networks
- Finance, investment analysis, banking, insurance and business consulting are other prominent sectors offering multiple job openings.
- Geoscientists and oceanographers, medical laboratory and radiation technologists, physiotherapists along with electrophysiological diagnostic technologists also have good career prospects.
- Aerospace, renewable energy, bio-pharmaceuticals, bio-products, chemicals and plastics, medical devices, software and wireless technologies are other emerging fields in Canada.
- Retail and consumer goods industry is another significant employer considering Canada has a sizeable population with high disposable incomes and consumption patterns.