Master of Arts [MA] (Economics)
₹8.8 L/Yr
Queen’s University Master of Arts [MA] Economics is a two-year degree offered in full-time mode at Kingston, Ontario. The program requires an honours bachelor degree in economics with strong quantitative skills and is open to international students. Total program cost is approximately C$15,573 (INR 10.62 Lakhs). Intakes: September (primary). Deadline: February 1, 2027.
This program develops advanced research and analytical expertise in economic theory, econometrics, and policy analysis. The curriculum emphasizes quantitative methods, preparing graduates for roles in government, central banks, research institutions, and private-sector policy teams. Queen’s Economics combines rigorous theory with practical research methodology. The program suits professionals seeking deeper economic knowledge or transitioning to PhD study.
- Choose from three thesis, essay, or coursework-intensive tracks based on career goals and timeline.
- Access Canada’s strongest economic research faculty with active policy engagement across federal and provincial agencies.
- Build networks with professional economists across Canadian and international institutions within a cohort of 20-30 students.
Current Admission Status
Applications for the September 2027 intake are Open. International student deadline: 01 February 2027.
Indian applicants must submit GRE scores if their bachelor degree is from an Indian university. WES credential evaluation reports add 2-3 weeks to processing, so file applications by mid-January for buffer time.
Also Check: Queen’s University Admission Requirements
Queen’s University MA Economics Fees and Living Costs 2027
International tuition for Queen’s MA Economics is structured per-term, with three terms spanning the academic year. The total program cost includes tuition, ancillary fees, and health insurance across the two-year duration.
| Cost Component | CAD | INR |
|---|---|---|
| Tuition (per term) | C$4,309 | INR 2,93,700 |
| Tuition (3 terms) | C$12,927 | INR 8,81,000 |
| Ancillary Fees (per term) | C$120 | INR 8,200 |
| Ancillary Fees (3 terms/year) | C$360 | INR 24,500 |
| Health Insurance (UHIP, per term) | C$123 | INR 8,400 |
| Health Insurance (3 terms/year) | C$369 | INR 25,100 |
| Total First Year Estimate | C$13,656 | INR 9,30,600 |
| Full Program (approx 2 years) | C$15,573 | INR 10,62,000 |
All INR conversions in the article use a conversion rate of CAD 1 = INR 68.14 as of June 2026. Rates fluctuate daily, verify before applying.
- Tuition remains fixed throughout the program; no mid-year surcharges or annual increases applied.
- Ancillary fees support student union, recreation facilities, health services, and transit options across Kingston.
- Health insurance (UHIP) covers doctor visits, dental procedures, prescription medications, and mental health counselling.
Cost of Living in Kingston for MA Economics Students
Kingston is Ontario’s most affordable university city. Most graduate students spend C$1,050 to C$1,380 per month on living expenses, significantly lower than Toronto or Vancouver.
| Expense Category | CAD/Month | INR/Month |
|---|---|---|
| Rent (shared apartment) | C$550-700 | INR 37,500-47,700 |
| Groceries and Food | C$250-350 | INR 17,000-23,800 |
| Utilities (shared) | C$60-80 | INR 4,100-5,500 |
| Transportation | C$40-50 | INR 2,700-3,400 |
| Personal and Misc. | C$150-200 | INR 10,200-13,600 |
| Monthly Total | C$1,050-1,380 | INR 71,500-94,000 |
| Annual Cost (12 months) | C$12,600-16,560 | INR 8,58,000-1,12,800 |
Living Cost Reality: Kingston’s cost of living is 15-20% lower than Toronto and 25-30% lower than Vancouver. Most MA students spend C$12,600 to C$16,560 annually on living expenses outside tuition, making the city ideal for budget-conscious international students.
Queen’s University MA Economics Admission
Admission to Queen’s MA Economics is competitive and evidence-based. Successful applicants hold an honours bachelor degree in economics with strong quantitative foundations and clear articulation of research or career goals.
The program receives 150-200 applications annually and admits approximately 25-30 students, creating an acceptance rate of 12-17%. Most admitted students have completed an honours degree in economics or a closely related field with a 3.5+ GPA equivalent and strong performance in advanced mathematics.
| Admission Criterion | Requirement |
|---|---|
| Undergraduate Degree | Honours bachelor in economics from recognized university |
| Minimum Undergraduate GPA | B+ average (80%+) in third and fourth-year core courses |
| Core Courses Required | Microeconomics, Macroeconomics, Econometrics, Calculus, Linear Algebra |
| Standardized Test | GRE (required if degree not from Canada or USA) |
| English Proficiency | TOEFL (88 iBT), IELTS (7.0), or MELAB (80) |
| Reference Letters | Two academic references from economics instructors |
| Statement of Purpose | 500-750 word essay on research interests or career objectives |
Queen’s University overall ranks 193rd globally in the 2025 QS World University Rankings. The Economics department is recognized for research output and policy influence in Canadian institutions, with faculty regularly consulting for government and central bank policy teams.
English Language Proficiency (ELP) Requirements
Non-Canadian and non-US applicants must demonstrate proficiency in English through one of these standardized tests. The thresholds reflect Queen’s commitment to ensuring students can engage with advanced academic seminars and thesis writing.
| Test | Minimum Overall Score | Component Minimums |
|---|---|---|
| TOEFL iBT | 88 | 22 minimum per section |
| IELTS | 7.0 | 6.5 minimum per band |
| MELAB | 80 | Not specified by institution |
- Indian students typically score 79-95 on TOEFL iBT after 8-12 weeks of focused study with daily practice.
- IELTS band 7.0 is achievable with 6-8 weeks preparation if you hold a strong English undergraduate background.
- GRE is mandatory for Indian applicants; no exemptions granted regardless of academic excellence.
Tip for Indian Students: Budget GRE prep (12 weeks minimum), credential evaluation via WES (2-3 weeks), and application assembly by December to hit the February 1 deadline comfortably without stress.
Queen’s University MA Economics Application 2027
The application window opens mid-September each year. Submit your online application through Queen’s graduate portal, supporting transcripts, and reference letters by the stated deadline. Late submissions receive automatic rejection.
Queen’s uses a rolling admissions process for MA Economics. Applications received by early January receive faster decisions, while those arriving in late January face review delays. Submit early for competitive advantage.
| Milestone | Deadline | Status for 2027 Intake |
|---|---|---|
| Online Application | 01 February 2027 | Open |
| Supporting Documents | 15 February 2027 | Open |
| Admission Decision | Expected March-April 2027 | Typical timeline |
| Deposit Deadline | Expected May 2027 | Typical timeline |
| Program Begins | September 2027 | Confirmed |
- Submit through Queen’s online portal at queensu.ca/graduate with login credentials you create during registration.
- Attach official transcripts from all prior institutions (WES evaluation acceptable for Indian bachelor degrees).
- Request reference letters early; referees submit directly to Queen’s within the application window without involving you.
Application Tip: Complete your online form by late January to allow 2-3 weeks for referee submission. Incomplete applications receive automatic rejection after the February 15 deadline with no appeals process.
Queen’s University MA Economics Scholarships 2027
Queen’s offers merit-based funding for graduate economics students, though scholarship competition is substantial given the program’s selectivity. Approximately 30-40% of admitted students receive some form of departmental funding, ranging from partial awards to full support.
The department prioritizes thesis-track (Program I) students for funding, given their research contributions. Essay-track (Program II) students receive awards based on outstanding academic credentials. International students must demonstrate both merit and financial need for maximum consideration.
| Award | Eligibility | Value (CAD) | Value (INR) |
|---|---|---|---|
| Queen’s Graduate Scholarship | Automatic (top admitted candidates) | C$5,000-15,000 | INR 3,40,700-1,02,210 |
| Faculty of Arts & Science Award | Outstanding academic record | C$2,000-8,000 | INR 1,36,280-5,45,120 |
| International Student Bursary | Financial need (appeals-based) | C$500-3,000 | INR 34,070-2,04,420 |
| Graduate Teaching Assistant Funding | All eligible MA students (on-campus employment) | C$3,000-6,000 per year | INR 2,04,420-4,08,840 |
- Approximately 30-40% of admitted students receive some form of departmental funding within the first year.
- PhD-track students (Program I with thesis) typically receive stronger awards than essay-track students due to research contributions.
- International students must demonstrate both merit and financial need; self-funded students are deprioritized unless academically exceptional.
Scholarship Reality: Plan to self-fund 60-70% of costs unless you hold a strong research profile and prior publications in economics or quantitative fields. Full-ride awards for international MA students are rare, though combined departmental plus TA funding can offset 50-60% of costs.
Queen’s University MA Economics Salary 2027
Queen’s MA Economics graduates enter diverse career paths in government, central banks, think tanks, research institutions, and private-sector policy teams. Salary varies significantly by employer, region, and specialization. Graduates with thesis focus (Program I) often transition to PhD study, while essay-track (Program II) graduates typically enter employment immediately.
Entry-level economist positions in Canada open to MA holders span government policy analysis, bank research, and think-tank roles. Government positions typically pay C$55,000-75,000 annually, while banking and investment sectors offer C$60,000-85,000 ranges. Research institutions and non-profits may offer lower entry salaries (C$45,000-60,000) but stronger career development pathways.
| Career Path | Typical Entry Salary (CAD) | Typical Entry Salary (INR) | Placement Rate |
|---|---|---|---|
| Government Economist (federal/provincial) | C$60,000-75,000 | INR 40,84,000-51,10,500 | 85% |
| Bank/Financial Services Analyst | C$55,000-68,000 | INR 37,47,000-46,33,520 | 80% |
| Research Institution Economist | C$50,000-62,000 | INR 34,07,000-42,22,680 | 75% |
| Mid-Career (5-7 years experience) | C$75,000-95,000 | INR 51,10,500-64,73,300 | 85%+ retention |
| PhD Pathway (continued study) | Stipend C$20,000-25,000/year | INR 13,62,800-17,03,500/year | 30% pursue PhD |
Source: Queen’s Economics Department Career Services; Statistics Canada Job Bank 2026
- Take-home after Canadian federal and provincial tax is approximately 55-65% of gross salary in Ontario.
- Canadian Pension Plan (CPP) and Employment Insurance (EI) deductions apply automatically at source.
- Career placement occurs within 3-6 months of graduation for thesis-track students; essay-track students often secure offers before completing the program.
ROI Reality: MA Economics graduates recoup program costs (C$15,573 total) within 3-4 months’ salary in government or banking roles. At C$60,000 annual salary, program cost represents only 3.1 months’ gross income, making ROI exceptionally strong for policy-oriented careers in Canada.
Canada Visa Pathway for MA Economics Students
International MA Economics graduates are eligible for Canada’s Post-Graduation Work Permit (PGWP), enabling open employment nationwide after completing the degree. This pathway leads toward permanent residence under skilled worker streams within 3-4 years of graduation.
The PGWP grants full work authorization valid across any Canadian employer in any field. Unlike employer-sponsored visas, the PGWP requires no job offer, employer nomination, or labour certification process. This flexibility allows graduates to explore multiple career paths before selecting a long-term employer.
- The PGWP grants full-time work authorization for up to two years (matching the MA duration).
- No employer sponsorship required; work permit is open to any Canadian employer across all provinces.
- After 12 months of skilled work (NOC 2161 Economists or NOC 1111 Financial Managers), apply for permanent residence via Express Entry or Ontario Immigrant Nominee Program (OINP).
- Permanent residence eligibility occurs within 3-4 years of program completion for most graduates employed in government or banking.
Visa Reality: MA Economics graduates with 12+ months of Canadian work experience qualify for PR under Express Entry with competitive Comprehensive Ranking System (CRS) scores. Budget 18-24 months total from graduation to PR approval, with spousal sponsorship options available immediately upon PR grant.
Queen’s University Rankings 2026
Queen’s University ranks 193rd globally in the 2025 QS World University Rankings and 251st in the Times Higher Education (THE) World University Rankings 2024. The university is Canada’s 8th-ranked institution among top research universities and 7th for teaching quality.
| Ranking Body | Global Rank | Canadian Rank | Year |
|---|---|---|---|
| QS World University Rankings | 193 | 7 | 2025 |
| THE World University Rankings | 251 | 8 | 2024 |
| ARWU World Ranking | 301-400 range | 6 | 2024 |
Economics as a subject is not independently ranked by QS or THE at Queen’s; overall university prestige is the primary benchmark for program reputation. However, Queen’s Economics department holds strong reputation in Canada for policy research and produces regularly cited academic work in leading journals.
Honest Take: Queen’s global rank (193) ensures recognition in Canada, the US, and Commonwealth nations. For economics-specific work, the department’s research output and faculty reputation matter more than overall rank. Graduates are highly regarded by Canadian government employers regardless of the overall ranking.
MA Economics FAQs
Ques. Do I need work experience to apply for Queen’s MA Economics?
Ans. No work experience is required for admission. Most admitted students apply directly after their undergraduate degree. However, 2-3 years of relevant economic work, policy analysis, or research experience strengthens your candidacy and reference letters significantly. The department values fresh graduates but views work experience as a bonus, not a requirement.
Ques. Can I defer my admission to Queen’s MA Economics if accepted?
Ans. Deferral policies vary by year and specific circumstances. Queen’s typically allows one-year deferrals for documented extraordinary circumstances (medical, family, financial recovery). Contact the Graduate Admissions Office ([email protected]) immediately after acceptance to request deferral; informal delays risk forfeiture of your offer without formal request.
Ques. Is the GRE waived for Indian applicants with strong undergraduate grades?
Ans. No. GRE is mandatory for all applicants whose bachelor degree is not from Canada or the USA, regardless of undergraduate grades or academic excellence. Strong grades do not exempt you; plan GRE preparation as a core requirement, not optional. A score of 312+ is considered competitive for Queen’s MA Economics admission.
Ques. What is the difference between the three MA Economics tracks (Program I, II, III)?
Ans. Program I (6 courses plus thesis) suits PhD-bound students and takes 16-20 months total. Program II (7 courses plus essay) is most popular with 60% of students, best for policy and banking careers, and completes in 18-22 months. Program III (8 courses, no thesis or essay) is coursework-intensive and preferred for finance roles; takes 20-24 months. All three are valued equally by employers; choose based on career goals and PhD intentions.
Ques. Do Queen’s MA Economics graduates face visa restrictions when returning to India after graduation?
Ans. No restrictions exist. After graduation, you may return to India, remain in Canada via PGWP, or transition to other countries without penalty. The PGWP is optional; accepting it simply grants you Canadian work authorization. Your student visa remains valid until program completion, and you hold no obligation to work in Canada post-degree. Many graduates return to India or move to third countries after completing the MA.
Queen’s MA Economics offers rigorous training in economic analysis, quantitative methods, and policy research. The program’s strength lies in small cohort sizes (20-30 students), faculty accessibility, strong placement into Canadian government and financial institutions, and clear pathways to permanent residence. For Indian students seeking advanced economics education in an affordable, English-speaking environment with strong career outcomes and immigration options, Queen’s is a compelling choice. Strong GRE preparation, timely application submission, and clear articulation of your career goals in your statement of purpose are critical to competitive admission.
Important Alert
- Application Deadline for Fall 2027 Intake - Feb 1, 2027
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹879941 (CAD 12927) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Rent and Utilities | ₹865102 (CAD 12709) |
| Miscellaneous | ₹180249 (CAD 2648) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2025 | ₹1045419 (CAD 15358) |
| 2024 | ₹879941 (CAD 12927) |
| 2022 | ₹1061279 (CAD 15591.64) |
| 2021 | ₹659939 (CAD 9695) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline for Fall 2027 Intake | Feb 1, 2027 |
Required Document List
Complete Application
Application Fee
Official Transcripts
English Language Requirements
A copy of the Passport
Resume
Two Letters of Recommendation
GRE scores


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