The University of Alberta, based in Canada offers a fully funded Master’s in Mathematical and Statistical Sciences. A thesis-based master’s degree program usually takes two years to complete. This may be a terminal degree, but it is the natural option for students who want to pursue a Ph.D. degree. Most of their students in a thesis-based MSc or a Ph.D. program receive a Funding Guarantee from the Department. Domestic MSc students with a Funding Guarantee can expect funding of at least $25,285 per year for up to two years. International students are guaranteed to receive the same amounts and additional benefits.