International students outearn Canadian-born grads in top Canadian uni

Table of Contents:

Introduction

Key Findings of the Study

• International Graduates’ Earnings vs. Canadian-Born Graduates
• Median Earnings Comparison
• Long-Term Earnings Growth
• Factors Contributing to Higher Earnings
• The Role of Technology and Engineering Degrees
• The Impact of Co-Op Programs
• Immigrant Success Stories in Canada
• International Students and Permanent Residency
• Conclusion: What This Means for Future International Students
• How Wave Visas and Wave Immigration Consultant Can Help
• Final Thoughts

1 . Introduction

A recent study by economists at the University of Waterloo has brought surprising news for international students in Canada. It reveals that graduates from the university who were born outside of Canada tend to earn more than their Canadian-born counterparts. This significant finding comes after a detailed analysis of student records, immigration data, and income tax returns. If you’re considering studying in Canada, particularly at an institution like the University of Waterloo, this study could be very encouraging.

2. Key Findings of the Study

International Graduates’ Earnings vs. Canadian-Born Graduates

The study focused on international students who graduated between 2017 and 2019. It found that one year after graduation, these international graduates earned an average of $57,500 annually — 37% more than their Canadian-born peers, who earned $42,000 on average.

Median Earnings Comparison

The difference becomes even more striking when comparing the median earnings of international graduates and Canadian-born graduates. International graduates earned $56,400, while their Canadian-born peers earned only $38,700 — a 46% gap in favor of international graduates.

Long-Term Earnings Growth

As the study tracked these graduates over the first 13 years of their careers, international students continued to outpace their Canadian-born peers. By year 13, international graduates’ salaries were between $100,000 and $120,000, compared to $100,000 for Canadian-born graduates.

3. Factors Contributing to Higher Earnings

So, what’s behind this earnings gap? Several factors play a role:

• Increasing demand for tech and engineering skills: The University of Waterloo is known for its strong focus on technology and engineering programs. International students often pursue degrees in these fields, where the economic returns are higher due to the growing demand for skilled workers.
• Co-op programs: Waterloo’s extensive co-op program offers students the opportunity to gain practical work experience while studying. This valuable experience helps graduates secure higher-paying jobs right after they finish their degrees.

4. The Role of Technology and Engineering Degrees

The higher salaries of international graduates can also be attributed to their strong presence in fields like technology and engineering. These industries are booming in Canada and globally, making graduates in these areas highly sought after. As the world becomes more reliant on technology, engineers and IT professionals are expected to see consistent salary growth, benefiting international students who specialize in these fields.

5. The Impact of Co-Op Programs

Another key factor contributing to the high earnings of international graduates is Waterloo’s co-op program. This program allows students to work part-time during their studies, gaining hands-on experience that significantly enhances their resumes. This practical experience often leads to higher-paying job opportunities after graduation.

6. Immigrant Success Stories in Canada

This study aligns with broader research that shows immigrants in Canada generally have better economic outcomes. A Statistics Canada study earlier this year found that immigrants who arrived in Canada as children are more likely to pursue higher education and, by the time they reach adulthood, their median wages often surpass those of Canadian-born residents.

7. International Students and Permanent Residency

70% of international students Waterloo university go on to become permanent residents of Canada, which is double of national average. For international students considering their future in Canada, this statistic is particularly encouraging. Obtaining permanent residency opens doors to even more career opportunities and benefits in Canada.

8. Conclusion: What This Means for Future International Students

This study demonstrates that international students at the University of Waterloo are not only earning more than their Canadian-born peers, but they are also setting themselves up for long-term success. With high-paying job opportunities and the potential for permanent residency, international students are making valuable contributions to Canada’s economy.

If you’re an international student thinking about studying in Canada, particularly in fields like technology or engineering, Waterloo could be an excellent choice for you.

9. How Wave Visas and Wave Immigration Consultant Can Help

At Wave Visas, we understand the challenges that international students face when moving to Canada. As one of the best Canada immigration consultants, we can guide you through the complex immigration process, ensuring that your transition to studying in Canada is as smooth as possible. Whether you are looking to apply for a study visa, explore post-graduation work opportunities, or even pursue permanent residency, Wave Immigration Consultant has the experience and expertise to assist you at every step.

10. Final Thoughts

The results from the University of Waterloo’s study offer hope and excitement for international students. With higher earning potential, the ability to gain practical work experience, and the opportunity to settle permanently in Canada, international students are increasingly positioned for success. Partnering with the right immigration consultant, like Wave Visas, can make all the difference in turning your Canadian dream into a reality.

If you’re ready to take the first step toward studying and working in Canada, don’t hesitate to get in touch with the best Canada immigration consultant today!

Corporate Office : 2nd Floor, Right Side, Building №5, Kehar Singh Estate Westend Marg, Lane №2, Saidulajab, Saket New Delhi 110030.