U of T beat McGill in another university ranking — But this time, it’s actually good news

<img src="https://www.mtlblog.com/media-library/the-exterior-of-mcgill-university-arts-building.jpg?id=54530477&width=1245&height=700&coordinates=0%2C112%2C0%2C112"/><br/><br/><p> Well, this is a plot twist. </p><p> McGill University students might be tired of seeing their school come second (or lower) to the University of Toronto (U of T) in <a href="https://www.mtlblog.com/mcgill-university-ranking-2025" target="_blank">various global rankings</a>, but this time, they can breathe a sigh of relief. </p><p> A new study by <a href="https://edumentors.co.uk/" target="_blank">Edumentors</a>, a U.K.-based tutoring platform, ranked the most "overpriced" universities in the world — and U of T is the only Canadian school to make the cut. McGill, on the other hand, was nowhere to be found. </p><p> According to the ranking, which was based on factors like tuition fees, living expenses, graduate employability, and starting salaries, U of T landed 25th worldwide for institutions where students invest big money in their education but don't necessarily see a return on investment right away. </p><p> With a total study cost of $86,946 (including average tuition and living expenses), the school's hefty price tag puts it among some of the most expensive institutions in the world. </p><p> Meanwhile, McGill students might not be raking in U of T-level salaries after graduation, but with domestic tuition averaging just $7,400 per year — and as low as $3,000 for Quebec residents, according to <a href="https://www.grantme.ca/blog/how-much-is-mcgill-tuition#:~:text=McGill%20Domestic%20Student%20Tuition,are%20a%20local%20Quebec%20citizen." target="_blank">GrantMe.ca</a> — they're definitely getting a more budget-friendly degree. While those figures don't account for the cost of living, with <a href="https://www.mtlblog.com/montreal-rent-increase-2025" target="_blank">Montreal's significantly lower rent</a> and expenses compared to Toronto, it's still a far more affordable city for students. </p><p> So, is this actually bad news for U of T grads? Not really. While it made the list, the employment stats soften the blow — 98.7% of U of T graduates land jobs after graduation, and the median starting salary is a whopping $97,000. That's a much better outcome than some of the higher-ranked “overpriced” universities, where students pay six figures and walk away with far less lucrative paychecks. </p><p> In case you're curious, here are the top 10 most overpriced universities, according to Edumentors: </p><h3><strong>The 10 Most Overpriced Universities In The World</strong></h3><ol> <li>UCL (London, UK) — $71,913 total cost, $37,300 median salary</li> <li>Northwestern University (Evanston, US) — $115,719 total cost, $61,100 median salary</li> <li>University of Oxford (Oxford, UK) — $70,381 total cost, $37,400 median salary</li> <li>Imperial College London (London, UK) — $75,670 total cost, $41,800 median salary</li> <li>Columbia University (New York City, US) — $97,003 total cost, $55,190 median salary</li> <li>KTH Royal Institute of Technology (Stockholm, Sweden) — $47,700 total cost, $28,000 median salary</li> <li>University of Cambridge (Cambridge, UK) — $62,400 total cost, $37,300 median salary</li> <li>Cornell University (Ithaca, US) — $92,150 total cost, $55,813 median salary</li> <li>Qatar University (Doha, Qatar) — $25,100 total cost, $16,000 median salary</li> <li>University of California Berkeley (UCB) (Berkeley, US) — $73,828 total cost, $47,473 median salary</li> </ol><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank">Editorial Standards page</a>.</em>

mingooland February 12, 2025

3 min read