Canada is one of the desired places for students to pursue their education. It offers an opportunity to study at the best universities under expert faculties. And what’s more exciting is that getting a student permit is not a hassle anymore. Canada has made it easy for students to pursue their education by simplifying visa procedures and augmenting accommodation facilities. With a Canadian degree, you can land some of the world’s highest paying jobs in Canada not only within the country but anywhere in the world.
So, if you are wondering what will be the best subjects to land the highest paying jobs in Canada, check out the complete list in this article.
Top 10 Highest Paying Jobs In Canada
Check out the top 10 courses that lead you to the highest paying jobs in Canada.
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Business or Management Science
Management science is specially designed for those students who want to pursue their education in various fields of Data Analytics, Operations Research, etc.
Management science focuses on applying and developing analytical models in the stream of business decision-making and management. This subject is also considered essential for growth and survival in the corporate sector.
In Canada, management science is a two-year education program that mainly focuses on the student’s requirement to cover the fundamentals, including statistics, probability, optimization and decision theory.
A degree in business or management science (M.S.) in Canada opens doors to the highest paying jobs in the country, offering a salary of $110,000—$115,000 (Canadian dollars).
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Petroleum or Chemical Engineer
The petroleum and chemical industry in Canada is ever booming. Because of this, it ranks second in the list of highest paying industries in the country with an abundance of job opportunities. However, the petroleum and chemical industry favours candidates from Canadian universities over other international universities.
Masters in Chemical and Petroleum Engineering is the preferred degree for job applicants whose course duration is two years. The other courses students in Canada favour in this sector include:
– B.Sc. in Petroleum Engineering (4 years)
– Diploma in Petroleum Engineering Technology (2 years)
– Bachelor of Engineering in Technology-Petroleum (3 years)
– Bachelor of Applied Science in Petroleum System Engineering (4 years)
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Finance
Finance secures third place for Canada’s highest annual salary generation, which is $103,376 (Canadian Dollars). In 2020, Canada welcomed more than 400,000 international students to pursue undergraduate and graduate courses in finance and budgeting.
The country has some of the best financial industries and banking services, including the Royal Bank of Canada (RBC), Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal (BMO), Toronto-Dominion Bank (T.D.), etc.
Between 2008-2009, Canada did well in finance compared to other countries. This data indicates that studying finance in Canada could be the right choice for several students pursuing higher education and a successful career.
Canada offers diverse financial education courses with a maximum duration of 16 months. These include the following:
– Masters of Finance Economics (MFE)
– M.Sc. Finance
– Master in International Cooperation, Finance, and Development
– Master of Management in Finance (MMF)
– M.Sc. in Finance Analytics-Applied Modelling and Quantitative Methods
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Pharmacy
Pharmacy courses in Canada generally focus on physics, chemistry, biology, anatomy, and physiology, an integral part of the healthcare industry. Studying pharmacy in Canada can incur an annual cost of around $22,000-$54,000 (Canadian Dollars).
Bachelor of Pharmacy (B. Pharma) is considered the best course to study in Canada as it offers prospects to retrieve the maximum annual salary of around $102,398 (Canadian Dollars).
After completing a course on pharmacy, one can find work opportunities in multiple industries, including education, consultant pharmacy, drug development, education, government oversight and community practice.
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Geo-science
Geoscience, also known as earth science, ranks fifth in terms of salary generation in Canada, around $100,006 (Canadian Dollars) annually. Canada offers 41 varieties of geology courses, including Masters of Human Geography, Environment Science, Spatial Analysis, Geological Science, Landscape Architecture, Soil Science, etc. It costs $9,514 (Canadian Dollars) for Canadian students and $23,566 for international students to study geoscience in Canada.
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Software Engineering
Canada offers Masters in Software Engineering under the two extensive courses of Masters of Applied Science (M.A. Sc.) and Masters in Engineering (M.Eng.). As per the Canadian government, in early 2020, there were more than 20,000 job openings for software engineers with annual pay of around $90,000 (Canadian Dollars). The course duration of Masters in Engineering is around 1-2 years. It costs $13,000-$39,000 (Canadian Dollars) to study software engineering in Canada. A relevant internship is mandatory in the final year.
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Business Administration
As the industry is growing, the demand for skilled labour in business administration is growing, too. Ranking as one of the top 10 countries with the largest GDP, Canada is considered to be one of the best destinations to study business administration because of its thriving economy, entrepreneurial opportunities and the presence of top universities.
If you consider education as an investment, Canada is the best country in terms of Return on Investment (ROI). Business Administration in Canada holds seventh place in terms of salary generation with an amount of $85,500 (Canadian Dollars) annually. Getting a business degree from Canada will cost you around $26,680-$66,665 (Canadian Dollars).
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Specialized Engineering
Canada is known as the global leader in terms of the production of engineering graduates. Core and non-core engineering courses are available for both national and international students.
Four years of specialized engineering courses such as Electrical, Aeronautical, Biomedical, Geotechnical and Mining Engineering cost around $14,000-$56,000 (Canadian Dollars) annually. Amounting to $85,000 (Canadian Dollars), engineering secures the eighth position in terms of salary generation in Canada.
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Nursing
Nursing is a globally recognized degree that is financially and morally rewarding. It provides job security as well as career advancement, compared to other healthcare occupations.
There are several positions available to work in nursing, including case manager, staff nurse, certified nursing specialist, clinical nurse specialist, nurse anesthetist, nurse editor, clinical nurse specialist, etc. The alternate career option includes certified nursing midwife, forensic nurse, military nursing, nursing informatics.
Studying nursing in Canada will cost you around $12,000-$63,000 (Canadian Dollars) annually. The course duration is four years. Salary for nursing occupations is about $84,500 (Canadian Dollars) annually.
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Civil Engineering
Canada is expanding at an exponential pace in terms of infrastructure and development. However, there is a shortage of civil engineers. This is why Canada is on the lookout for qualified civil engineers and is making provisions for civil engineering education in its country so that more students, both national and international, can study it and contribute to its infrastructural development.
There are various subjects and courses to choose from in civil engineering, including environment engineer, transport engineer, structural engineer, construction engineer, water management engineer, traffic engineer, etc. The total civil engineering course tenure is four years in Canada. The annual salary withdrawn by any civil engineer in Canada is about $80,000 (Canadian Dollars).
To Sum Up
Canada offers extensive education prospects to national and international students, guiding them towards the best career opportunities. It is easier to secure a high paying job in Canada with a degree earned from the universities because of their global image. However, choosing the correct course and program is a must as it paves a robust path to a glorious career and a high paying job in Canada.
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Frequently Asked Question
Yes, Canada is cheaper compared to other countries. It is considered the most affordable degree with a global image for international students.
Yes, applying to an institute with a scholarship program can help avoid taking education loans and studying without tuition fees.
Yes, due to the shortage of civil engineers, there is high demand because the infrastructural development is high, and the supply of engineers is low.
Yes, multiple online portals are available to apply in Canadian Universities.
Travel documents, student permit, proof of acceptance by the university and proof of zero criminal histories are prerequisites to apply for a student visa in Canada.
