Summary
- Just over 29 per cent of graduates work in financial services (29.2%). Business analyst and business consultant are common careers.
- Just over 27 per cent of graduates work in government (27.3%). Economist and research analyst are common careers.
- Graduates in other industries are also able to utilize their field of study. For example, many are economists and market analysts for companies. There are also economics professors.
- Graduates working in financial services, telecommunications and oil and energy have the highest salaries.
The information on this page was extracted from raw data collected from LinkedIn in early 2022 by the University of Waterloo’s Alumni Relations office. The visualizations and lists represent the careers of alumni who graduated between 2002 and 2021. The salary amounts have been extrapolated based on relevant submissions to Glassdoor.
Roles held by MA Economics graduates:
- Advisor
- Analyst
- Business Consultant
- Data Engineer
- Director of Disability Analytics Reporting
- Director General
- Economist
- Executive Director
- General Manager
- Information Management Coordinator
- Manager of Economic Impact Analysis
- Manager, Economic Policy
- Manager of Wealth Management Operational Effectiveness
- PhD Candidate
- Policy Advisor
- Program Data and Evaluation Manager
- Research Analyst
- Research Associate
- Senior Risk Modelling Analyst
- Senior Data Scientist
- Senior Policy Advisor
- Special Policy Advisor
- Statistician
- Team Leader
- Vice President of Communications Strategy
Employers of MA Economics graduates:
- Bates White Economic Consulting
- C.D. Howe Institute
- Canada Revenue Agency
- Canadian Imperial Bank of Commerce
- Centre for International Governance Innovation
- Conference Board of Canada
- Employment Social Development Canada
- Facebook/ Meta
- Finance Canada
- Global Financial Advisory Services
- Government of Manitoba/ Newfoundland and Labrador
- Innovative Medicines Canada Health Research Foundation
- London Economic Development Corporation
- Manulife Financial Corporation
- Natural Resources Canada
- Ontario Financing Authority
- Ontario Ministry of Economic Development, Trade and Employment
- Ontario Ministry of Energy
- Ontario Ministry of Finance
- Ontario Ministry of Research and Innovation
- Ontario Public Service
- Post-secondary institutions (Bentley University, Laurentian University, Renmin University, Shanghai University of Finance Economics, The University of Queensland, University of Waterloo)
- Royal Bank of Canada
- Rogers Communications
- Scotiabank
- Statistics Canada
- Toronto Dominion Bank
- Transport Canada
Employment location for MA Economics graduates
Ontario, 77.6%
Quebec, 3.7%
USA, 9.3%
Western Canada, 2.5%
Asia, 4.3%
East Coast of Canada, 1.2%
Manitoba, 0.7%
Mexico, 0.7%
Career outcomes for MA Economics graduates by industry
Government (economist, research officer, business analyst), 27.3%
Non-profit Organization (program data and evaluation manager, economist, policy analyst), 5%
Oil and Energy (senior rate analyst, market risk manager, project coordinator), 4.3%
Telecommunications (senior data scientist, digital product manager, business systems analyst), 5%
Technology Services (investment analyst, software engineer, product marketing director), 3.1%
Educational Services ([economics] assistant professor, [economics] instructor, data scientist), 11.2%
Financial Services (senior economist, business analyst, tax manager, day trader), 29.2%
For-profit Organization (consultant, data analyst, lawyer, vice president of communications and strategy), 14.9%
Mean salary by industry for MA Economics graduates
Educational Services, $73,300
Financial Services, $102,500
For-profit Organization, $84,400
Government, $85,200
Non-profit Organization, $70,200
Oil and Energy, $102,900
Technology Services, $82,100
Telecommunications, $121,500
Median salary by industry for MA Economics graduates
Educational Services, $66,600
Financial Services, $83,500
For-profit Organization, $72,000
Government, $77,700
Non-profit Organization, $72,000
Oil and Energy, $81,100
Technology Services, $67,800
Telecommunications, $97,600
Relation between career and field of study for MA Economics graduates
Not related at all, 21 MA Economics graduates
Somewhat related, 20 MA Economics graduates
Closely related, 120 MA Economics graduates