The 10 Bachelor Degrees That Will Earn You the Most Money in Canada

By Christian Nathler
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What can a debt-ridden post-grad population with no prospect of stable living do to improve their financial standing in this cruel world?

Ideally, travel back in time and get a more profitable degree.

University Magazine recently published a list of the most valuable Bachelor degrees in Canada. The ranking is based on the highest average salaries and most recent available tuition costs of each program. Basically, average annual salary minus tuition equals how well off you are.

Perhaps it should come as no surprise that business graduates boast the highest return on their degree. To be more specific, our education overlords call this discipline “Management Sciences.”  Graduates of MS programs make between $110,000 and $115,000 on average. The second-most valuable degrees are chemical or petroleum engineering, followed by finance.

The full list below:

10. Civil Engineering

  • The average salary in 2017 dollars: $80,080
  • First-year tuition (2018-2019, University of Toronto): $15,760
  • First-year tuition (2017-2018, University of British Columbia): $6,054.65
  • First-year tuition (2017-2018, McGill University): $7,402.80

9. Nursing

  • The average salary in 2017 dollars: $84,510
  • First-year tuition (2017-2018, University of Toronto): $8,840.00
  • First-year tuition (2017-2018, University of British Columbia): $8,303.52
  • First-year tuition (2017-2018, McGill University): $7,402.80

8. Specialized Engineering

  • The average salary in 2017 dollars: $85,009
  • First-year tuition (2018-2019, University of Toronto): $15,760
  • First-year tuition (2017-2018, University of British Columbia): $6,054.65
  • First-year tuition (2017-2018, McGill University): $7,402.80

7. Business Administration

  • The average salary in 2017 dollars: $85,508
  • First-year tuition (2017-2018, University of Toronto): $6,590
  • First-year tuition (2017-2018, University of British Columbia): $5,189.70
  • First-year tuition (2017-2018, McGill University): $7,402.80 (BCom)

6. Software Engineering

  • The average salary in 2017 dollars: $90,001
  • First year tuition (2018-2019, University of Toronto): $15,760 (CE)
  • First-year tuition (2017-2018, University of British Columbia): $6,054.65 (SE)
  • First-year tuition (2017-2018, McGill University): $7,402.80 (CE)

5. Geosciences

  • The average salary in 2017 dollars: $100,006
  • First-year tuition (2017-2018, University of Toronto): $6,590
  • First-year tuition (2017-2018, University of British Columbia): $5,189.70
  • First-year tuition (2017-2018, McGill University): $7,402.80

4. Pharmacy

  • The average salary in 2017 dollars: $102,398
  • First-year tuition (2017-2018, University of Toronto): $6,590 (BSc)
  • First-year tuition (2017-2018, University of British Columbia): $16,112.07 (Entry-to-Practice PharmD)

3. Finance

  • The average salary in 2017 dollars: $103,376
  • First-year tuition (2017-2018, University of Toronto): $6,590
  • First-year tuition (2017-2018, University of British Columbia): $5,189.70
  • First-year tuition (2017-2018, McGill University): $7,402.80

2. Petroleum or Chemical Engineering

  • The average salary in 2017 dollars: $104,000
  • First-year tuition (2018-2019, University of Toronto): $15,760
  • First-year tuition (2017-2018, University of British Columbia): $6,054.65
  • First-year tuition (2017-2018, McGill University): $7,402.80

1. Business – Management Sciences (MS)

  • Average salary in 2017 dollars: $110,000 to $115,000
  • First-year tuition (2017-2018, University of Toronto): $6,590
  • First-year tuition (2017-2018, University of British Columbia): $5,189.70
  • First-year tuition (2017-2018, McGill University): $7,402.80