Contribution to Economy & Jobs

Ontario universities contribute widely to the economy, injecting billions of dollars into local communities each year and creating hundreds of thousands of direct and indirect jobs. Universities are partnering to help build the talent and skills of Ontario’s future workforce, with our graduates experiencing some of the highest employment rates and earnings across all education levels.

Contribution to Economy & Jobs

According to the 2017 Council of Ontario Universities report, Driving a Prosperous Future, universities have an estimated economic impact on the province of $115.8 billion each year, including $24.7 billion from research and development projects and $42.4 billion in economic activity related to their operations.

Ontario university graduates are succeeding in the job market even in an era of change and technological disruption. In the 2017 Graduate Survey conducted by the Ministry of Advanced Education and Skills Development (now the Ministry of Training, Colleges and Universities), 94 per cent of Ontario university graduates were employed within two years of graduation, and 89 per cent were in jobs closely related to the skills they acquired at university. University graduates in Ontario earn an average additional lifetime income of $1.5 million compared to high-school graduates.