Masters in Statistics in Canada: Top Universities, Fees, Requirements, Eligibility & Scholarships

In Canada, a master's degree in statistics takes one to two years to complete. However, most Canadian universities offer a master's degree in statistics, either as a specialization or with a master of science. To be admitted, international students must have a 4-year bachelor's degree with a 3.0 GPA (84-86%) and be applying for a master's degree in statistics in Canada. An MS in Statistics typically costs between 2,025 and 11,360 CAD.

Most Canadian universities provide funding for graduate programs, which draws overseas students to pursue their studies there. A Master of Statistics graduate in Canada makes an average salary of 78,000 CAD per year.

Why study for a Master’s in Statistics in Canada?

The following are some advantages of picking Canada as a destination for Master's in statistics study abroad programs:

• The greatest option is a master's degree in statistics in Canada, where the best universities teach the subject. The University of Toronto, McMaster University, and the University of British Columbia are a few of these.
• The costs range from 2,025 to 11,360 CAD, which is fairly affordable. The return on investment, however, is eight times higher at roughly 78,000 CAD.
• Almost all Canadian universities offer financial support to students through postgraduate scholarships.

Course Highlight

Types of Master’s in Statistics in Canada

The following are some specialties that MS Statistics students can choose from:

• Medical Statistics (biostatistics)

In this discipline, statistical approaches are developed and applied to fields like medicine, epidemiology, environmental health, genetics, and ecology.

• Applied Statistics

A variety of data-science roles in applied research settings, testing organizations, and corporations can be prepared for with the MS in Applied Statistics.

• Statistical Theory

In order to obtain informative data utilizing optimization and randomization while assessing and adjusting for observational error, statistical theory provides a framework for comparing different data-gathering approaches.

• Applied Probability

A significant emphasis is placed on mathematical modeling and computational approaches in Applied Probability, which offers a distinctive synthesis of theory and applications.

• Actuarial Science 

The field of actuarial science uses probability and statistics mathematics to describe, examine, and resolve the financial ramifications of unknown future events.

• Financial Modelling 

Financial modeling is compiling a spreadsheet with a summary of a company's costs and profits that can be used to estimate the future effects of a decision or event.

Best Universities for Master’s in Statistics in Canada

• Master of Science [M.S] (Statistics)

 School of Graduate Studies, University of Toronto

The University of Toronto offers a 2-year (3-session) MSc in Statistics program. You must meet the same entry requirements whether you enroll in this course full- or part-time.

Many courses in theoretical and applied parts of statistical sciences are offered in the curriculum, preparing students for a Ph.D. program or a career in data science.

•  Master of Science (M.S.) Statistics

The University of British Columbia

The Department is well-known throughout Canada for its superior research and leadership in the research community. Courses and research keep students interested and help them gain a solid foundation of academic and practical abilities.

•  Master of Science [M.S] (Statistics)

McMaster University

One of Canada's top three research universities is McMaster University. The university enrolls students from all over the world, including India, and has a varied student body. The number of Indian students enrolled at McMaster University has increased over time.

•  Master of Science [M.S] in statistics

Simon Fraser University

There are three campuses of Simon Fraser University, a public research university in Canada located in Burnaby, Surrey, and Vancouver. The primary SFU campus can be found in Burnaby, British Columbia. SFU consistently ranks among the top 300 institutions worldwide and is among the top research universities in Canada.

• MS in Statistical and Actuarial Sciences

Western University 

The M.Sc. in Statistics program at Western University is a one-year full-time program. The Master's degree offered by their department has three specializations: Statistical Theory, Actuarial Science, and Financial Modeling.

• MS in Mathematics and Statistics

University of Regina

The University of Regina provides a 2-year (4-term) MSc in Mathematics and Statistics program. Full-time enrollment is available in this program.

• MS in Statistics

University of Dalhousie

A two-year Master of Science in Statistics program is available from Dalhousie University. It is a full-time course program that is provided on campus.

• MS in Statistics 

University of Manitoba 

The University of Manitoba offers a two-year, full-time M.Sc. in Statistics program. In Maclean's Top 20, the University of Manitoba was placed 16th in 2020.

Course Curriculum of Master’s in Statistics in Canada

The following are some topics covered while pursuing an MS in statistics:

• Bayesian Analysis and Computing 

 A statistical paradigm known as Bayesian analysis uses probability assertions to provide answers to research issues involving unknown parameters. Statistical Learning

The study of functional analysis and statistics are combined to create the theoretical foundation of statistical learning. The problem of statistical inference—finding a prediction function based on data—is addressed by statistical learning theory.

• Design of Experiments 

Design of experiments (DOE) is a subfield of applied statistics that deals with organizing, carrying out, evaluating, and deriving conclusions from controlled experiments to assess the variables that affect the value of a parameter or set of parameters.

• Advanced Theory of Probability 

Through Kolmogorov's Axioms, the course teaches the idea of probability. The idea of a random variable is introduced, along with the concepts of the probability density function and cumulative distribution function.

• Advanced Statistical Inference 
• Analysis of Discrete Data 

When analyzing data from discrete variables, different statistical tests must be employed than when analyzing data from continuous variables (such as cardiac output, blood pressure, or PaO2), which have an infinite range of possible values.

• Time Series 

A particular method of examining data points gathered over time is called a 'time series analysis.' Instead of just capturing the data points intermittently or arbitrarily, time series analyzers record the data points at regular intervals over a predetermined length of time.

• Bayesian Inference

A statistical inference method known as Bayesian inference uses Bayes' theorem to update a hypothesis' probability when new data or information becomes available. Bayesian inference is a crucial method in statistics, particularly in mathematical statistics.

Eligibility Criteria for Master’s in Statistics in Canada

The following table lists the specifications for each university for foreign applicants seeking an MS in Statistics in Canada:

Master’s in Statistics in Canada Requirements for Admission

The following qualifications are necessary for international applicants to Canada's top universities:

• Official transcripts of all post-secondary education
• 4-year relevant bachelor’s degree
• English Proficiency scores (IELTS score of 6.5 or equivalent)
• GRE Test Scores 
• CV/ Resume
• Statement of Purpose
• 2-3 Letters of Recommendation (2 must be academic)

Master’s in Statistics in Canada Admission Process

Each course has its application processes and eligibility requirements. To improve your chances of being chosen, take note of the application dates and apply early. To guarantee a smooth application procedure, have all the documents close to hand and double-check all the information.

To apply to a Canadian university, students must do these procedures.

• Go to the 'Application' section of the university's official website.
• Create a login ID and complete the application's data.
• Before submitting, double-check all of the information and submit the necessary papers.
• Pay the application costs.

Master’s in Statistics in Canada Fees for Studying

The following includes tuition fees and cost of living information for pursuing an MS in Statistics at Canada's best universities:

Tuition Fees

Canadian living expenses

Depending on the university, where it is located, where overseas students stay, and other costs, the cost of living in Canada may vary. The projected costs of living in Canada are listed below in the table:

Scholarship for Master’s in Statistics in Canada

Although the cost of living in Canada is somewhat high, several colleges provide financial aid to help students with their tuition. The table below lists some well-known scholarships available to international students in Canada.

Master’s in Statistics in Canada Scope for Job

The average pay for Canadian Master's in statistics graduates is 78,000 CAD. After obtaining a Master's in Statistics from Canada, 65.9% of graduates begin their first job. Here are a few positions that Master of statistics graduates might fill:

The MS in Statistics program in Canada has lower tuition costs than other programs, so it is a viable alternative for international students. Additionally, almost all students can receive financial aid, making it even more valuable.