Learning about the richest universities in Canada can help in facilitating your choice of institution, as these rich universities receive more funds thus they have bigger, better-equipped facilities. Also, they can support students financially, like providing financial aids and sponsoring research works.
The richest universities in Canada are ranked by how much endowment they receive which comes from the Canadian government, charity organizations, and other foundations including individuals. It is through the endowment that all forms of scholarships, bursaries, fellowships, and all forms of financial aid are provided.
Rich universities are better equipped with state-of-the-art facilities and are always upgrading their library archives for students to keep experiencing and working towards innovation.
There are also more exposures in schools like this, they’d be able to afford to bring the best academic experience to her students.
For example, if some sort of festival is to be held in the school or a particular department because the school is rich, they’d be able to afford top professionals to attend such festivals and contribute as well.
This kind of exposure helps students to inspire more as they see these top individuals in their fields they will only aspire to be like them and work hard towards achieving that.
However, these richest universities in Canada are expensive to attend even to her citizens and costs even more for international students. But then, you will get the best kind of education, connections and life outside the school will be easier for you.
Not only are they expensive but they are also highly competitive to enter, may not be for the locals and permanent residents but it always is for international students.
Well, they always have admission requirements for all student types and as long as you meet up with the requirement there’s no reason for you not to get admitted.
So, you must check out the requirements, scholarships, and other details that will help in your admission.
Fortunately, we have an article on some of the richest universities in Canada where we gave full details about the university such as admission requirements, tuition fees, scholarships, and the various degree programs they offer. This will help to limit your search and from our page, you can begin the admission procedures immediately.
Without further ado, I will go on to list the richest universities in Canada.
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Richest Universities in Canada Currently
Below is a detailed list of the 9 richest universities in Canada along with their details which may help in facilitating your admission application. Note, the universities are listed in descending order; the first is the richest.
- The University of Toronto
- The University of British Columbia
- McGill University
- The University of Alberta
- The University of Calgary
- Queen’s University
- The University of Western Ontario
- McMaster University
- Dalhousie University
The University of Toronto
Established in 1827 and formerly called King’s College, the University of Toronto is the richest university in Canada with an endowment of CAD$2.84 billion currently.
The university has made some remarkable inventions and contributions to the world, which are still being enjoyed to date, such as the insulin, stem cell, and the first electron microscope where firstly birthed here.
The University of Toronto receives the most annual scientific research funding thus is a favorable place for graduate aspirant students seeking funding in their research.
Undergraduate students too aren’t left out of too, they get to enjoy varieties of scholarship and in-program awards and other forms of financial opportunities.
Like I mentioned earlier on competitiveness, the University of Toronto is highly competitive to enter especially by international students. But still, if you meet up the admission requirements then it’s a piece of cake.
The University of British Columbia
This is a public research higher citadel of learning, established in 1908, and currently one of the richest universities in Canada with an endowment of CAD$2.182 billion. The University of British Columbia in British Columbia’s oldest university, ranking among the top universities in Canada and has campuses in Vancouver, Okanagan, and Kelowna.
UBC is home to the largest cyclotron as well as one of the largest research libraries in Canada and has excelled in several rankings and reputation.
The facilities are well funded for both undergraduate and graduate students to enhance their academic experience and inspire innovation as well. UBC has produced lots of reputable alumni including four Canadian prime ministers and eight Nobel laureates.
McGill University
As one of the oldest universities in Canada established in 1821, McGill University is also one of the richest universities in Canada with an endowment of CAD$1.73 billion.
McGill is a research-intensive institution and has made a name for itself in that field as the world still benefits from most of her inventions.
If you’re seeking to study an undergraduate or graduate degree program with a lot of practical research, then this university is for you. Although high competitive and expensive, it does have the right facilities that will help you cultivate your potential and bring your aspiring innovations to fruition.
McGill University has been awarded a total of 12 Nobel prizes in various disciplines, produced some country presidents, and several foreign leaders.
The University of Alberta
Founded in 1908 and located in Edmonton, Alberta, the University of Alberta is one of the richest universities in Canada with an endowment of CAD$1.3 billion.
UAlberta is a public research university and part of the CARU (Comprehensive Academic Research University) thus offers a wide range of academic programs that leads to undergraduate and graduate degrees with a strong focus on research.
With the amount of endowment the university has, there is a wide range of scholarship options available for all students both national and international.
Fellowships and bursaries are equally available for graduate students seeking funding in their research.
The faculties and facilities therein are well equipped with modern facilities to inspire innovation among scholars and also experience practical learning.
The University of Calgary
Although this post-secondary institution of learning isn’t as old as the others it is one of the richest universities in Canada.
The University of Calgary was founded in 1966 but currently has an endowment of CAD$1.2 billion which finances research, student aid, and facilities within the school research institutes and centers are over 85.
Students in undergraduate, graduate, and professional fields of study enjoin from this endowment, there are different ready-to-use facilities designed for special purposes.
These facilities inspire students’ development as they get to acquire practical skills they could still apply in life after school.
Queen’s University
With an endowment of CAD$1.152 billion, Queen’s University is considered one of the richest universities in Canada.
The university was founded in 1841 and has since been offering quality academics through her undergraduate and graduate degree programs.
This university, like the others, has a strong research focus with top-notch facilities holding state-of-the-art equipment to inspire innovation in her students.
The libraries are always updated to keep up with current trends and innovation, this is also a good way of inspiring her students.
McGill University is one of the top-ranking institutions in the country, thus it is competitive and expensive as well but with her huge endowment, it can finance student education. There are also son in-program awards available for students to apply for.
The University of Western Ontario
The University of Western Ontario was established in 1878 as a research-intensive institution, it is one of the top-ranking and also among the richest universities in Canada with an endowment of CAD$803.7 million.
Loans, grants, bursaries, scholarships, fellows, and other forms of financial aid are provided through the endowment to encourage and inspire students to develop better.
There are 11 faculties including a faculty of graduate studies that offer masters and professional degrees, these faculties are all equipped with facilities to enhance student learning and make it as real life as possible. This helps in developing students’ experience as broad as possible.
McMaster University
McMaster University is one of the richest universities in Canada with an endowment of CAD$727.4 million and it is an old university established in 1887.
The university has received more than a dozen reputation awards for her advancement in scientific research and is consistently ranked among the top universities in Canada and the world.
The university has a strong research focus and shows it through her always updated library archives, state-of-the-art research facilities, and renowned professors.
McMaster University has some affiliations within and outside the country, creating opportunities and connections for her students which they may find useful after school.
Dalhousie University
With an endowment of CAD$481.4 million, Dalhousie University is ranked as one of the richest universities in Canada. It was established in 1818, old, and consistently ranked among the top Canadian universities with a focus on research.
The university supports students through various means like fellowship, scholarships, bursaries, grants, awards, and other forms of financial support.
Dalhousie University offers a wide range of academic programs in undergraduate, graduate, and professional degrees.
The faculties in every program of study also have well-equipped facilities to develop student learning through practice and inspire innovation.
Conclusion
These are the top 9 richest universities in Canada, most of them also feature on the list of top Canadian institutions that have received a dozen recognition from university ranking platforms. They aren’t easy to get into as I have mentioned earlier and are expensive but the financial aids they offer should in some cases see you through.
Some scholarships may even go on to cover your tuition throughout your entire education and are available to both national and international students on all levels of study.