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Average Salary after Master’s Degree in Canada (For 2024)

Updated on 29 March, 2024

upGrad Abroad Team

upGrad Abroad Team

upGrad abroad Editorial Team

Canada has a thriving economy with a soaring job market for master’s degree holders in Canada. The country has seen a huge boost in technology, which has produced a decent number of jobs in multinationals. A master’s degree in Technology, Computer Science, Data Science, Medicine, Infrastructure, Law, and Business Management from Canada will give students an upper hand in building a high-level international career. 

Canada has always been a promising market for tech graduates, especially in computer science, data, medicine, and information technology. Demand for skilled professionals has increased in almost all streams of Engineering, Medical, Business Management, Law, and Operations, attaining the top spots.

Study & Settle in Canada – Know Where to Start!

Top Master's Courses in Canada

Doing a master’s in Canada can be very useful for your professional career as they have well-equipped faculty and resources. 

Some of the top master’s courses to opt for are: 

  • Master of Science in Computer Science
  • Master of Business Administration
  • Master of Science in Orthodontics
  • Master of Science in Periodontics
  • Master of Science in Prosthodontics
  • Master of Science in Dentistry
  • Master of Management in Artificial Intelligence
  • Masters in Data Science and Artificial Intelligence 
  • Master of Science in Data Science and Analytics
  • MSc in Psychology
  • MSc Environmental Science
  • MSc in Food Science
  • MSc in Chemistry

 

Top Organizations to Work For After Masters in Canada

The top organizations that offer jobs to master’s graduates in Canada are as follows:

  • Amazon
  • Deloitte
  • IBM
  • Ericsson
  • WSP
  • SAP
  • HSBC
  • RBC
  • McCarthy Tetrault
  • Clyde & Co.
  • Goldman Sachs
  • Hospitals
  • Labs

Top Universities for Masters in Canada

Universities in Canada that offer best-in-class education are listed below according to the QS University Global Ranking 2024.

University 

Rankings 

McGill University

31

University of Toronto

34

The University of British Columbia

47

University of Alberta

110

Université de Montréal

116

McMaster University

152

University of Waterloo

154

Western University

172

University of Ottawa

237

University of Calgary

242

Queen's University at Kingston

246

Read More: Job Opportunities after MS in Canada

List of Job Opportunities after Masters in Canada

Masters in Canada offers some of the most lucrative career options, with varied specializations and fields. master's from Canada makes students ready for a host of job roles, including Information Technology Specialists, Lawyers, HealthCare professionals, Surgeons, Engineers, Computer Science Researchers, Data Scientists, Business Analytics, Developers, Software Engineers, etc. 

Since it changes so much depending on your individual interests, skills, and ambitions, it can be difficult to describe what the best work profile is. But if you compare jobs based on average compensation, job growth, and prospects for the future, you can find a comprehensive list. 

Here’s the list of top-paying jobs one can seek after completion of Master's in Canada.

  • Certified Nurse Practitioner
  • Dentist/Orthodontist
  • Physician/Doctor
  • Utilities Manager
  • Software Engineering Manager
  • Scientific Research Manager
  • Public Administration Director
  • Construction Manager
  • Pharmacist
  • Lawyer

Important Resources About Canada to Read:

Why Study in Canada?Cost of living in CanadaAverage Salary in Canada
Part time jobs in CanadaCost of Studying in CanadaHow to Settle in Canada from India?
Requirements for Studying in CanadaStudent life in CanadaStudent Accommodation in Canada
SOP for CanadaBest City in Canada for International Students

Top-Paying Job Opportunities with Average Salary after Masters in Canada

Software Engineering Manager

Developing and creating software programs or applications are overseen by software engineering managers. Additionally, a Software Engineering Manager will serve as a point of contact for several departments to ensure that the application requirements are satisfied. The technical knowledge of programs is essential for software engineering managers, but they must also be able to convey them to other company executives concisely.

Software Architect

Designers of software program components are known as software architects. The coding standards of any program being built are crucial for decision-making at a high level, and software architects play a vital role in this. To ensure that software products satisfy operational needs, a software architect will also collaborate with company management.

Data Scientist

Large-scale digital data collection and analysis are the work of a data scientist. Data scientists use this data to assist firms in making informed decisions that will support corporate growth. A data scientist typically collects and analyzes information from websites, content management systems, or other internal software, which is then done using scientific procedures and methods.

Chief Marketing Officer

A company’s marketing plans and objectives are supervised by a chief marketing officer. Through numerous tactics, chief marketing officers help businesses cut expenses while increasing income. Initiatives like digital media, print advertising, and Google Adwords are examples of online & offline marketing strategies that a chief marketing officer needs to be familiar with.

Dentists/Orthodontists

Dentists with specialized training to fix crooked teeth are known as orthodontists. Additionally, they aid in the detection and treatment of irregular bite patterns. Most orthodontists use braces, retainers, or other dental appliances in their work.

Anesthesiologist

A key player on the surgical team and a specialist doctor is the anesthesiologist. During operation, anesthesiologists keep patients secure and asleep. A specialist in anesthetic medications and pain control is an anesthesiologist.

Seeking to study in Canada – Apply Now

Learn More: Aerospace Engineering in Canada for International Students | Check Canadian Visa Application Status

Physician

A doctor who treats and diagnoses patients is known as a physician. Physicians come in a wide variety of subspecialties. As a doctor, you may choose to work in a family practice, hospital, or specialty clinic.

Surgeons

Medical professionals who conduct surgery on patients are known as surgeons. To treat an infection, a broken bone, or another condition, a surgeon must cut open a patient’s body. Many administrative tasks, rounds, and post-operative care assistance are part of a surgeon’s job description.

Cardiologist

A doctor specializing in the heart and cardiovascular system is known as a cardiologist. Cardiologists treat conditions like atrial fibrillation, hypertension, coronary heart disease, and excessive blood pressure. Cardiologists identify, treat, and aid in the prevention of cardiovascular disorders.

Psychiatrist

A doctor who focuses on mental health problems and diseases is called a psychiatrist. Mental, emotional, and behavioral illnesses are diagnosed, treated, and helped to prevent by psychiatrists. The ability to write prescriptions for their patients’ medications distinguishes psychiatrists from other medical professionals.

The following table showcases the average salary by profession-

Profile 

Salary

Software Engineering Manager

C$1,58,353

Software Architect

C$1,29,984 

Data Scientist

C$98,901 

Chief Marketing Officer

C$188,954

Dentists/Orthodontist

C$121,865

Anesthesiologist

C $213,041

Physician

C$207,644 

Surgeon

C$240,329

Cardiologist

C$1,97,904

Psychiatrist

C$1,99,428

Source: Glassdoor Canada

Read More: National Occupation Classification (NOC) Code in Canada | Canada Post Graduation Work Permit 

Top MS Graduate Recruiters in Canada 

The table below shows the list of some of the top recruiters in Canada that hire MS graduates. 

RecruiterAverage Salary 
Boston Consulting GroupC$ 1,91787 per year 
Canadian Imperial Bank of Commerce C$ 59,714 per year
L’Oréal CanadaC$ 66,764 per year
Amazon.com IncC$ 2,45310 per year
Ford Motor CompanyC$ 88,590 per year
Air CanadaC$ 64,885 per year
Nutrien LtdC$ 75,991 per year
Labatt Brewing CompanyC$ 40,121 per year

Source: Job Sites

 

Conclusion

Highly regarded universities in Canada offer degrees that are considered equivalent to identical degrees acquired in the US on a global scale. Most of the faculty at these universities hold doctorates and have extensive experience in their specialties.

The academic program at Canadian universities is created to address the shifting needs of businesses. As a result, by the time students complete their master’s degree, they are ready to find rewarding employment. Typically, they are successful in doing so within six months of finishing their program.

 

More Resources About Canada to Read:

MBA in Canada Fees for Indian StudentsData Scientist Salary in CanadaStudy in Canada after 12th
BBA in Canada after 12thEligibility for MBA in CanadaSalary after MBA in Canada
What is visitor visa in Canada?Jobs after MS in CanadaAverage Salary in Canada after MS in Computer Science

Frequently Asked Questions

What are the work opportunities after a master’s in Canada?

Dentists/Orthodontists, Data scientists, Marketing officers, and Surgeons are among some of the top professions to choose from after a master’s in Canada.


 

What are the top courses to pursue a master’s in Canada?

MBA, MSc in Computer Science, MSc in Psychology, MSc in Data Science, and MSc in Orthodontics are some top courses offered in top universities of Canada.


 

What are the top organizations offering jobs in Canada?

To name a few, Amazon, IBM, Ericsson, Deloitte, and RBC are among the top organizations providing opportunities to graduates.


 

What is the average salary after a master’s in Canada?

The average salary ranges from C$81,000 to C$2,50,000 depending upon the choice of profession after a master’s.


 

upGrad Abroad Team

upGrad abroad Editorial Team

We are a dedicated team of study-abroad experts, ensuring intensive research and comprehensive information in each of our blogs. With every piece written, we aim at simplifying the overseas education process for all. Our diverse experience as journalists, content writers, editors, content strategists, and marketers helps create the most relevant and authentic blogs for our readers.

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