Canada attracts thousands of international students every year thanks to a large number of English-taught degrees, its well-developed economy, high living standards, and numerous employment opportunities.
There are a lot of things to consider when you are picking a degree to study at university: your academic background, your passion for various subjects, and what kind of field you want to enter once you get to the job market. One of the most important considerations for many is, of course, how much employers are willing to pay them.
We’ve listed some of the disciplines with the highest salaries after graduation. This is by no means an exhaustive list. You can have a high income in other work fields as well, especially after you gain experience and advance to managerial or administrative positions.
We now present to you some of the highest-paying degrees in Canada.
Average salary: 104,000 CAD/year
More info: Nursing has featured on the list of most in-demand jobs for several years now. To become a nurse, you need a bachelor's degree (or CEGEP equivalent) and registration with your province's regulatory authority.
Average salary: 93,600 CAD/year
More info: Dentistry is quite a sought-after profession in Canada and aspirants may expect themselves to earn big after the education. In Canada, the governing body for the conduct of the dental exam is the National Dental Examining Board of Canada.
Average salary: $48,000 to $153,000 per year
More info: Software engineers are obviously in super high demand as the popularity of apps and computer programs keeps rising. To be a software engineer you either need a software engineering degree, a computer science degree, or to take classes that will teach you the basics.
Average salary: $27,000 to $134,000 per year
More info: Business majors can end up in high paying positions as account managers ($57,000 to $101,000 per year) or business analysts ($27,000 to $134,000 per year). It's a pretty safe bet as a major.
Medicine (Specialisation in Anesthesiology)
Average salary: $109,000 to $580,000 per year.
More info: To become an anesthesiologist, you need to complete a bachelor's degree, get into med school, complete med school, and then do at least five years of residency training. It sounds exhausting, but the payoff is worth it.
Average salary: $42,000 to $103,000 per year
More info: Accountants need to have a bachelor's degree (ideally in accounting), then pass the CPA PEP, or CPA Prerequisite Education Program. Once they do, they are looking at some serious money.
Average salary: $58,000 to $122,000 per year.
More info: This is another obvious degree: engineers who become engineering project managers can make the above-mentioned salary. You don't need to be in a specific branch of engineering to get this job, but it helps if you also have a master's in engineering management.
Average salary: $49,000 to $110,000 per year.
More info: Another spot for engineers! Aerospace engineers make a ton of money. It's one of the highest paying jobs for Generation Z.
Average salary: $22.90 to $74.20 per hour.
More info: Pharmacists make a salary that is comparable to that of doctors, but being a pharmacist involves a lot less school. To be a pharmacist you need a pharmacy degree. You also need to pass the Pharmacy Examining Board of Canada’s national board exam and register in your province or territory.
Average salary: $20,000 to $214,000 per year.
More info: If you study HR you can become a recruiter, and make an average of $83,054 per year. According to Slice, "you can increase your earning potential by becoming a registered professional recruiter and a member of the Association of Professional Recruiters of Canada."
Average salary: $64,500 to $160,000.
More info: A licensed psychologist makes between $64,500 and $160,000 per year. And the demand for psychologists keeps rising. To become a licensed psychologist, you need a B.A in psychology and a master's or a doctorate in the field.
These average salaries are meant to give you an idea about how much you could earn. But your income will often depend on your knowledge, skills, and sometimes, even luck.