Students interested in earning a degree in economics or business from a worldwide university may detect a pattern among the top-ranked institutions in this field: The United States has eight of the top ten institutions in the world that excel in these fields.
10. Erasmus University Rotterdam
Location: Rotterdam, Netherlands
Best Global Universities overall rank: 62 (tie)
Fact: During his lifetime, Dutch economist H. Johannes Witteveen – a professor from the Erasmus School of Economics – became the first managing director of the International Monetary Fund. The deceased and legendary econometrics scholar Jan Tinbergen, who served on the school’s faculty when it was called the Netherlands School of Economics, shared the first Nobel Prize in economics in 1969.
9. New York University
Location: New York City
Best Global Universities overall rank: 30
Fact: The Leonard N. Stern School of Business at New York University is home to a variety of research centers focused on business and economics concerns. The Salomon Center for the Study of Financial Institutions, the Glucksman Institute for Securities Market Research, and the Vincent C. Ross Institute of Accounting Research are just a few of them.
8. Columbia University
Location: New York
Best Global Universities overall rank: 6
Fact: King’s College, Columbia University’s forerunner, was the alma mater of Alexander Hamilton, the first US Treasury Secretary. The Alexander Hamilton Medal is the most prestigious award given by the Columbia College Graduates Association to distinguished alumni.
7. London School of Economics and Political Science
Best Global Universities overall rank: 230 (tie)
Fact: Deloitte, a professional services firm known for its accounting and consulting work, hired the largest percentage of 2017-2018 graduates from the London School of Economics and Political Science.
6. University of Pennsylvania
Best Global Universities overall rank: 13
Fact: The Wharton School of Business at the Institution of Pennsylvania was founded in 1881, making it the world’s first college business school, according to the university. According to the university’s website, “Wharton played a critical role in changing business studies from a craft to a rigorous and acknowledged profession.”
5. University of Chicago
Best Global Universities overall rank: 15
Fact: According to the University of Chicago’s website, the university has been associated with 32 Nobel Laureates in Economic Sciences during the course of its existence. One of them is labor economist David Card, who won half of the Nobel Prize in Economics in 2021. Card began his academic career at the university’s Booth School of Business and is currently a member of the University of California—Berkeley faculty.
4. Stanford University
Location: Stanford, California
Best Global Universities overall rank: 3
Fact: Paul Milgrom and Robert Wilson, both of Stanford University, shared the Nobel Prize in Economics in 2020 for their contributions to advancing economic theories on auctions and inventing novel auction forms that benefit consumers, sellers, and taxpayers across the world.
3. University of California—Berkeley
Location: Berkeley, California, U.S.
Best Global Universities overall rank: 4
Fact: According to data given by the university in September 2021, economics was the second most popular undergraduate major among bachelor’s degree recipients at the University of California—Berkeley, while business administration was the sixth most popular major.
2. Massachusetts Institute of Technology
Location: Cambridge, Massachusetts
Best Global Universities overall rank: 2
Fact: According to its website, the Massachusetts Institute of Technology’s Sloan Institution of Management maintains a Latin America office in Santiago, Chile, where potential students may learn more about the school. According to the university’s website, the office serves as a “regional center” for MIT Sloan academics, alumni, and visiting scholars across Latin America.
1. Harvard University
Location: Cambridge, Massachusetts
Best Global Universities overall rank: 1
Fact: According to statistics from the Harvard Business School website, the typical base income for 2020 graduates of Harvard University’s MBA program was $150,000. In addition, 60% of these graduates earned a signing bonus (the median was $30,000) and 72% received a performance bonus (the median was $35,000.)