Best Economics Colleges in the World 2025
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Best economic schools in the world: International students looking to shape their futures as economic leaders should take a look at the world's best universities to study economics abroad.
Economics is often described as the study of demand and supply, resource allocation and human behaviour that holds immense power in shaping individual and national destinies. Today, countless universities abroad boast of an economics department with a rigid selection process to attract serious minds from around the world looking to make a difference.
According to recent rankings by Times Higher Education, the Massachusetts Institute of Technology (MIT) is ranked number one for business and economics. This is due to its strong focus on teaching and research. The University of Oxford follows closely in second place, thanks to its excellent research and academic reputation. Stanford University has dropped to third place, while Peking University in China has moved up to fourth, showing the growing strength of universities in Asia.
In this article, we will discuss the Top 10 Economics Colleges in the World for Indian Students in 2025.
Best Economic Schools in the World - Selection Process
As mentioned, countless universities abroad have an economics department. So how do we distinguish the world's best economics schools from the rest? Top-ranking groups follow a subject-ranking methodology based on several parameters that help distinguish the best economic schools in the world from the rest. Before we dive into the list of best economic schools in the world, let us understand the guiding principles behind this selection. Several factors contribute to a program's prestige, including:
- Programme Structure: Does the course offer flexibility, specialization options, and international exposure to students?
- Research Output: Does the economics department of the university actively contribute to the field of economics through groundbreaking publications?
- Faculty Reputation: The number of noble laureates a university or more specifically the economics department has had or names of leading researchers shaping the curriculum
- Cost and Scholarship: Cost of studying, and availability of scholarships provided by the university to ease the burden of studying abroad for international students.
- Student Outcomes: What is the average duration for graduates who land coveted positions at top firms or pursue successful academic careers?
| Times Higher Education (THE) World University Rankings 2025 by Subject: Business and Economics - Methodology | |
|---|---|
| Parameters | Weightage |
| Teaching | 30.9% |
| Research | 32.6% |
| Citations | 25% |
| International Outlook | 9% |
| Industry Income | 2.5% |
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Best Economic Schools in the World 2025
| Universities | Times Higher Education (THE) World University Rankings 2025 by Subject: Business and Economics |
|---|---|
| Massachusetts Institute of Technology | 1 |
| University of Oxford | 2 |
| Stanford University | 3 |
| Peking University | 4 |
| University of Cambridge | 5 |
| Tsinghua University | 6 |
| Harvard University | 7 |
| University of California, Berkeley | 8 |
| The University of Chicago | 9 |
| London School of Economics and Political Science | 10 |
Let us discuss the world's best economics schools in detail:
Massachusetts Institute of Technology (MIT)
Only second to Harvard University, the economic programme at Massachusetts Institute of Technology (MIT) is renowned for its quantitative ability and thrives in areas like econometrics, game theory and computational economics. Indian students looking to study at the university should prepare for a rigorous analytical approach, breakthrough research opportunities and an entrepreneurial intellectual community.
University of Oxford
One of the top universities in the world, the economics program at the University of Oxford examines issues central to the world we live in: namely how the economy and organisations function, and how resources are allocated and coordinated to achieve the organisation's objectives. The programme will help students understand the world around them and to think clearly and analytically.
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Stanford University
One of the top universities for international students looking to study economics, Stanford University is renowned for its unique combination of theoretical rigour and practical application. The university is responsible for nurturing an entrepreneurial spirit and providing graduates with the skills to navigate the dynamic world of business and innovation, thanks to its renowned faculty and its proximity to the tech giants.
Peking University
Peking University has moved up to fourth place, showing its growing importance in economics and business education in Asia. The Peking university offers strong academic programs and is known for its research in economics and finance, making it a great choice for students who want to study in China.
University of Cambridge
The University of Cambridge is ranked fifth. It has a long history of academic excellence. Cambridge offers a wide range of courses in business and economics, helping students develop critical thinking and analytical skills.
Tsinghua University
Tsinghua University is in sixth place and is recognized as a leader in business education in Asia. The university focuses on technology and innovation, preparing students for successful careers in a changing global economy.
Harvard University
One of the most renowned universities to study abroad for international students, Harvard University is also one of the top destinations for studying Economics. The University is home to world-renowned faculty, and noble laureates and is responsible for groundbreaking research in the field of economics. The university offers a rigorous curriculum and diverse perceptions to future economic leaders.
University of Chicago
Often referred to as the birthplace of free market economics, the University of Chicago offers International students looking to study economics a rigorous theory-based approach in their curriculum. The faculty at the university, including Nobel laureates, are calling on students to think critically about economic issues and defy the limits of their thinking. Students looking to study at the university should prepare for an intellectually stimulating environment and a strong alumni network in academia and the financial sector.
Princeton University
One of the top universities for pursuing economic studies, the Economics Department at Princeton University is dedicated to inspiring and training the next generation of students looking to become industry leaders. The majority of graduates have pursued careers in consulting, finance, public policy, academia, and more. Like all members of the Princeton community, students and faculty approach their work in the nation’s service and the service of humanity.
University of California, Berkeley
One of the top public universities in the world, the economics program at the University of California, Berkeley is famous for its emphasis on social justice and public policy. International students looking to study at the university can expect a diverse student body, engaged faculty, and a wide range of research opportunities to address real-world economic challenges.
London School of Economics and Political Science (LSE)
Situated in the heart of London's financial district, the London School of Economics and Political Science (LSE) offers an internationally focused economic perspective. The programme and by extension, the university is an excellent starting point for careers in Global Finance and International Development, thanks to its renowned faculty, and a diverse student body with extensive industry connections.
Yale University
One of the top universities for studying economics, Yale University offers a challenging and rigorous academic program, a distinguished and accessible faculty, and a friendly, supportive environment for study to international students. Yale's economics faculty embraces a broad range of research and teaching interests. and has close ties with professional schools in related fields.
Columbia University
One of the top universities for study, the economics programme at Columbia University is known for focusing on urban economics, financial markets and economic development in the vibrant centre of New York City. International students looking to study at the university would find a diverse student body, an active faculty and access to a network of powerful alumni in different fields.
Best Economics Programmes in the World
The best economics programmes in the world are the courses available at the best economic schools in the world. However, candidates should note that the 'best' program is ultimately the one that aligns perfectly with their individual goals and preferences. The best economic programmes in the world include:
| Best Economic Schools in the World | Best Economics Programmes in the World | Best Economics Programmes - Overview |
|---|---|---|
| Harvard University | Bachelor of Arts in Economics | Duration: 4 Years Tuition & Fees: ₹45.11 Lakh |
| Massachusetts Institute of Technology (MIT) | Duration: 4 years Tuition & Fees: ₹44.43 Lakh |
|
| Duration: 2 years Tuition & Fees: ₹47.87 Lakh |
||
| Stanford University | Duration: 4 Years Tuition & Fees: ₹51.31 Lakh |
|
| Duration: 1.5 - 2 years Tuition & Fees: ₹31.72 Lakh |
||
| University of Chicago | Duration: 4 years Tuition & Fees: ₹53.03 Lakh |
|
| Princeton University | Duration: 4 years Tuition & Fees: ₹47.95 Lakh |
Average Cost of Studying Economics Abroad
Costs vary depending on the university, program, and location. Tuition fees typically range from USD 20,000 to USD 50,000 per year, with living expenses adding another USD 15,000 to USD 30,000. International students are advised to explore scholarship opportunities and financial aid options to manage costs.
World's Best Economics Schools - Jobs
In this section, we will be discussing the top jobs that international students can get into once they have graduated from the world's best economic school.
| Economist | Financial analyst |
| Personal Financial Advisor | Economics Teacher |
| Supply Chain Analyst | Business Reporter |
| Economic Consultant | Product Manager |
| Compensation Manager | Quantitative Analyst |
University rankings are a major force behind students looking to select from the best economic schools in the world. Indian students looking to pursue economic study abroad should consider parameters that are more personal to them, which include career support, faculty and research, location and culture, specialization, cost and scholarships. Candidates can get in touch with our Shiksha Counselling Services for assistance with university admissions and much more.
Q: Which University is best for economics in the world?
Q: Which country is best for studying economics?
The United States is widely regarded as the best country for studying economics. It is home to several top-ranked universities, including MIT, Harvard University, and Stanford University, which offer excellent programs and resources for students.
Q: Which college has the best economics program?
MIT has the best economics programme in the world, followed closely by the University of Oxford and Stanford University. These institutions are recognised for their strong academic curricula and research opportunities in economics.
Q: Where is the best place to study economics?
The best place to study economics is at universities like MIT and Oxford, which provide high-quality education and access to leading experts in the field. Additionally, being located in countries like the United States and the United Kingdom offers students valuable networking opportunities and resources.
Q: What GPA is needed to go to Ohio State?
There is no minimum GPA score for UG admission at Ohio State. However, International students must have a cumulative GPA of at least 3.0 (on a 4.0 scale or equivalent) for graduate admission. Applicants may submit a standardized test score (GRE or GMAT) if their cumulative GPA is below 3.0 for the last degree.
Q: What is UC Berkeley known for?
UCB is known for its STEM courses. UC Berkeley is known for its science and engineering programs. Some of its high-ranking majors include:
- Computer and Information Sciences
- Biotechnology
- Engineering (Computer, Electrical, Chemical, Materials Science)
- Ecology
- Economics
- Law
- Physics
- Political Science
The quality of its scientific research and world-class education has kept it among the top universities in the world consistently. UC Berkeley is home to renowned faculty members, Nobel laureates, and MacArthur ‘genius’ grant recipients, and its academic programs are highly respected in a wide range of fields.
UCB has been consistently placed at rank #4 by US News since 2019. Whereas, the university has improved its position in THE rankings from 15th in 2019 to 8th in 2023. Also, the U.S. News & World Report has placed UCB at No. 1 in the public university category in 2022. UCB has improved its ranking in the last two years when we compare it with other top universities affiliated with the University of California system.
QS Ranking | UCB | UCLA | UCS |
|---|---|---|---|
2019 | 27 | 32 | 115 |
2020 | 28 | 35 | 129 |
2021 | 30 | 36 | 121 |
2022 | 32 | 40 | 112 |
2023 | 27 | 44 | 134 |
University of California Berkeley Highlights
Parameters | Stats |
|---|---|
UCB Acceptance rate | 14.4% |
UCB Application fee | USD 155 |
Living expenses for USA/UMich | 10.5 L / USD 28,786 |
Cost (Tuition fee) for MS | INR 19.58 L - 63.13 L |
Cost (Tuition fee) for B.E. / B.Tech | INR 25.65 L - 34.06 L |
Placement data for MBA (Job Offers Received 3 months post-graduation) | 93.8% |
View book | - |
Q: Why indian students choose to study at Hult International Business School - UK?
Indian students choose to study at Hult International Business School in the UK for several reasons, including its highly ranked programs, global outlook, and career support. Hult offers a range of full-time master’s degrees, immersive bachelor's programs, and MBA options that prepare students to excel in the global job market. The school is the largest and top-ranked global business school, providing students with an incomparable universal outlook. Additionally, Hult's focus on experiential learning, extensive career support, and the opportunity to study at multiple campuses around the world are attractive to Indian students seeking a global business education. Furthermore, the school's emphasis on innovation and meeting the needs of students and employers may also contribute to its appeal to Indian students
Q: What degrees is Oxford University known for?
Some of the best subject areas at the University of Oxford as per the reviews on an unofficial source are:
- Humanities
- Science and Engineering
- Social Sciences
- Mathematics and Computer Science
- Medicine
- Business and Economics
A few of the popular University of Oxford courses among Indian students are MBA, MSc in CS, MSc Financial Economics, LLM.
Also Read: University of Oxford Acceptance Rate
Raushan Kumar is a skilled writer and a Study Abroad Expert in the Editorial Team at Shiksha. He oversees various aspects of studying abroad, including educational opportunities, entrance exams, colleges, latest new... Read Full Bio
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The Massachusetts Institute of Technology (MIT) is currently considered the best university for studying economics, according to the Times Higher Education (THE) World University Rankings 2025. MIT excels in teaching and research in the field of economics.