Aspiring economists will not only want to ensure they get the best value for money with theireconomics degree, they’ll want to ensure their qualification is well-respected among employers, to guarantee a strong long-term return on investment.
To help with this, the QS World University Rankings by Subject 2015 provides a ranking of the world’s 200 top universities for economics and econometrics, based on a methodology which assesses academic reputation, employer reputation and research impact.
Below you’ll find this year’s top 10 universities for economics, followed by a closer look at the best economics schools in each world region.
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Top 10 Universities for Economics Worldwide
Based on the QS World University Rankings by Subject 2015
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Rank
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Name of Institution
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Location
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1
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Massachusetts Institute of Technology (MIT)
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United States
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2
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Harvard University
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United States
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2
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Stanford University
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United States
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4
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London School of Economics and Political Science (LSE)
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United Kingdom
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5
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University of Chicago
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United States
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6
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Princeton University
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United States
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7
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University of California, Berkeley (UCB)
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United States
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8
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University of Oxford
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United Kingdom
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9
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University of Cambridge
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United Kingdom
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10
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Yale University
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United States
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Including the seven making it into the top 10 (above), the US claims 54 of the world’s best universities for economics in this year’s ranking, almost a quarter of all schools featured. Also in the top 50 are Columbia University (14th in the world rankings), University of Pennsylvania (13th in the world rankings), New York University (NYU, 41st in the world rankings), University of California, Los Angeles (UCLA, 37th in the world rankings), Northwestern University (34th in the world rankings), University of California, San Diego (UCSD, 59th in the world rankings), University of Michigan (23rd in the world rankings), Duke University (25th in the world rankings), Cornell University(19th in the world rankings), Boston University (78th in the world rankings), Brown University (52nd in the world rankings), the University of Minnesota (119th in the world rankings), the California Institute of Technology (CalTech, 8th in the world rankings) and Carnegie Mellon University (65th in the world rankings). Top universities for economics in the US & Canada
Canada boasts 11 top economics schools, including the University of Toronto (20th in the world rankings) and the University of British Colombia (43rd in the world rankings) in the world’s top 50, as well as McGill University (21st in the world rankings) within the top 100.
Top universities for economics in Europe
The UK is home to 24 of the world’s top 200 universities for economics, with 10 of these within the top 100. In addition to the three UK entries in the top 10, the top 50 features UCL (University College London, 5th in the world rankings), London Business School (unranked in the world rankings) and theUniversity of Warwick (61st in the world rankings).
Germany offers nine top economics schools, including one within the world’s top 50; this is Rheinische Friedrich-Wilhelms-Universität Bonn (177th in the world rankings). Meanwhile France has five representatives, including Université Paris 1 Panthéon-Sorbonne (228th in the world rankings) at 51-100.
Eight of the world’s best economics schools are located in the Netherlands, including Tilburg University (367th in the world rankings), Erasmus University Rotterdam (90th in the world rankings) and the University of Amsterdam (50th in the world rankings) all within the world’s top 50. Italy also has eight ranked schools, including specialist institution Università Commerciale Luigi Bocconi(unranked in the world rankings) in the economics top 20. Spain meanwhile makes six appearances, including two within the top 50: Universitat Pompeu Fabra (298th in the world rankings) andUniversidad Carlos III de Madrid (355th in the world rankings).
With five schools featured is Sweden, including theStockholm School of Economics in the top 50.Switzerland is next in Europe, alongside Belgium, each claiming four of the world’s best economics schools, with the Swiss ETH Zurich (12th in the world rankings) at 44th and the Belgian Université Catholique de Louvain (UCL, 154th in the world rankings) at 45=.
Each with two offerings are Austria, Denmark andIreland. While both Danish entrants – Aarhus University (96th in the world rankings) and the University of Copenhagen (45th in the world rankings) – make the top 100, the Austrian and Irish representatives all rank in the 101-150 range, including theUniversity of Vienna (156th in the world rankings) and Trinity College Dublin (71st in the world rankings).
Finland claims two top schools in this subject, including Aalto University (187th in the world rankings), while Norway offers one – BI Norwegian Business School.
Six more European countries feature in the economics ranking: the Czech Republic, Finland, Greece,Hungary, Norway and Russia. All of these are ranked in the 151-200 range, except Norway’sUniversity of Oslo (101st in the world rankings) at 101-150.
Top universities for economics in Asia
Asia claims 22 of the world’s best economics schools, led by Japan with seven entrants. While the University of Tokyo (31st in the world rankings) ranks within the top 50, also in the top 100 are Hitotsubashi University(unranked in the world rankings) and Kyoto University(36th in the world rankings).
Mainland China is close behind with six of the world’s top economics schools, including Peking University(57th in the world rankings) in the top 50. Hong Konghas six entrants, of which three are among the world’s top 50 – Hong Kong University of Science and Technology (HKUST, 40th in the world rankings) and University of Hong Kong (28th in the world rankings) and the Chinese University of Hong Kong (CUHK, 46th in the world rankings)
Of the four leading economics departments located in South Korea, all are within the top 100, andSeoul National University (SNU, 31st in the world rankings) comes within the top 50. Singapore’s three offerings are also all within the top 100, led by the National University of Singapore (22nd in the world rankings) at 21st for this subject.
Malaysia and Taiwan each have one representative: the Malay Universiti Putra Malaysia (UPM, 376thin the world rankings) and the Taiwanese National Taiwan University (NTU, 76th in the world rankings).
Heading into the Middle East, Israel offers two of the world’s best economics schools, with theHebrew University of Jerusalem (138th in the world rankings) and Tel Aviv University (195th in the world rankings) both in the top 100.
Top universities for economics in Australia & New Zealand
As many as 11 of the world’s best universities for economics are located in Australia, including six in the world’s top 100. In the top 50 are the University of Melbourne (33rd in the world rankings), Australian National University (ANU, 25th in the world rankings),Monash University (70th in the world rankings), theUniversity of New South Wales (48th in the world rankings) and the University of Sydney.
Four of the world’s best economics schools can also be found in New Zealand. Of these, the University of Auckland (92nd in the world rankings) is the highest ranked at 51-100, while the University of Canterbury (242nd in the world rankings), the University of Otago (159th in the world rankings) and the University of Waikato all rank 151-200.
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