Top Ten Most Valuable Degrees In Canada

By RBC Modified on March 08, 2017

We’ve ranked the top 10 bachelor’s degrees based on the highest to lowest average salaries.

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A university education is still the best way to land a well-paying job. Over a 40-year period, university graduates on average earn $1.1 million, or 58 percent more than graduates from other Ontario post-secondary programs, and $1.5 million more than the average Canadian high school graduate, according to a 2015 employment report by University Works. We’ve ranked the top ten bachelor’s degrees based on the highest to lowest average salaries to get a feel for the return on investment of your education.

10. Computer Engineering

Average salary in 2010 dollars: $85,868
First year tuition (2015-2016, University of Toronto): $13,620
First year tuition (2016-2017, University of British Columbia): $6,275.20
First year tuition (2016-2017, McGill University): $4,532.24

The number of computer engineers is expected to grow sharply in the next few years, according to Service Canada, as a result of high business investment in the technology sector. Computer engineers work with computer hardware and software systems. Hardware engineers design communication system networks such as fibre-optic or wireless communication networks and intranets, while software engineers code firmware for hardware systems.

9. Electrical Engineering

Average salary in 2010 dollars: $87,354
First year tuition (2015-2016, University of Toronto): $13,620
First year tuition (2016-2017, University of British Columbia): $6,275.20
First year tuition (2016-2017, McGill University): $4,532.24

The number of electrical engineers is expected to increase slightly in the next few years as a result of technological developments in computer products. Electrical engineering students eventually specialize in one of two streams: power or electronics. The former work for power generation and distribution companies, while the latter work for technology companies, designing electrical control systems and components.

See our full ranking here.