Honest answer

MS in Australia vs Canada - which is better for Indian students in 2026?

Numbers last checked: 2026-08-02

Short answer

Canada, on the numbers in our verified set, and it is not close. Canadian programmes cost ₹48.0 lakh–₹50.5 lakh against ₹1.11 crore–₹1.21 crore in Australia, while typical starting salaries are broadly similar (₹61.8 lakh–₹63.9 lakh vs ₹54.2 lakh–₹58.2 lakh/yr). Payback runs about 1.7 years for Canada versus 5.4 years for Australia. Canada's post-study work permit also runs up to 3 years with a points-based PR route, while Australia tightened its Subclass 485 in 2026.

Why the cost gap is this wide

UNSW Sydney at about ₹1.21 crore and University of Melbourne at about ₹1.11 crore are the two most expensive programmes in our entire 14-programme verified set - more than Carnegie Mellon University's MS Computer Science, which costs about ₹1.02 crore. Australian international tuition is high and Sydney and Melbourne living costs are high alongside it.

University of Waterloo at about ₹48.0 lakh and University of Toronto at about ₹50.5 lakh sit near the bottom of the same set. For two countries that Indian students often mention in the same breath, that is a difference of roughly ₹73.3 lakh on the fees alone.

The visa gap points the same direction

Canada's Post-Graduation Work Permit gives eligible master's graduates up to 3 years of open work authorisation, and the route from there to permanent residence runs on a points system rather than a lottery.

Australia moved the other way in 2026: the Subclass 485 age cap dropped to 35, the English requirement rose to IELTS 6.5, and fees increased sharply. If you are relying on advice written before 2026 - or on a consultant repeating it - the picture you have of Australia is out of date.

One caveat in Australia's favour that our own data flags: our Australian salary bands may be optimistic. The sector-wide international postgraduate-coursework median in the 2024 QILT Graduate Outcomes International Report was A$70,000, and we could not retrieve the per-university breakdown. If the real figures are lower than our bands, Australia's payback is worse than shown here, not better.

Verify these numbers yourself

  • Cost, admission-bar and salary-basis figures for all 14 verified programs: truthpathms.com/data (CC BY 4.0, each row carries its own sources and check date)
  • Salary bands: Glassdoor / Indeed / PayScale / ZipRecruiter, accessed July 2026 - role-and-country bands, not per-university outcomes
  • Payback method: total cost ÷ (annual savings abroad − annual savings staying in India). Savings are typical starting salary minus destination tax and a year's living cost (student-visa minimum; the US figure is an assumption); the India side uses a ₹8.0 lakh/year baseline, taxed, minus India living cost. Before loan interest, and assumes you land the typical salary - disclosed, not hidden
  • Visa: IRCC Post-Graduation Work Permit policy, canada.ca
  • Visa: Australia Subclass 485, homeaffairs.gov.au (2026 rules)
  • QILT Graduate Outcomes Survey - 2024 International Report (sector-wide postgraduate-coursework median)

Costs, salaries, and visa rules change - always confirm against the official program page before making a real decision. TruthPathMS aggregates and cites; it does not originate tuition, salary, or visa data.

Related: All five countries compared side by side

What should you check next?

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  2. 2

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  3. 3

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