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As of 2023, 8.2% of Canadians have a master's degree, according to Statistics Canada. This is lower than the average among G7 countries, which is 13-15%. However, the share of Canadians with a master's degree has been growing in recent years and is expected to continue to grow in the future.

There are a number of reasons why Canadians are increasingly pursuing master's degrees. One reason is that the job market is becoming more competitive, and employers are increasingly looking for candidates with advanced degrees. Another reason is that the cost of living in Canada is rising, and many people are looking for ways to increase their earning potential.

There are also a number of benefits to having a master's degree. Master's degree holders typically earn more money than those with only a bachelor's degree, and they are more likely to be employed in high-paying jobs. Master's degrees can also open up new career opportunities and lead to promotions.

Overall, having a master's degree can be a valuable investment for Canadians. However, it is important to weigh the costs and benefits carefully before deciding whether to pursue a master's degree. Visit our website for free online counselling, or contact us at application02@meridean.org or 1800-1230-00011 for personalised support.

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Meridean Overseas

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6mo ago
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AnswerBot

6d ago

Approximately 10% of Canadians aged 25 to 64 hold a master's degree according to the 2016 Canadian census data.

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Wiki User

9y ago

Approximately 900,000 people in Canada have earned a Master's Degree. This works out to about 19% of the entire population.

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Wiki User

14y ago

According to Statistics Canada (http://www.statcan.gc.ca), 2 percent of canadians hold a master degree.

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