World’s largest-ever university subject rankings released
MIT ranked world’s best university for Economics & Econometrics; US takes all top-three spots
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London, 22nd March 2016: The sixth edition of the QS World University Rankings by Subject, released today on TopUniversities.com, features a record-breaking 42 disciplines, making it the largest-ever ranking of its kind. MIT has been ranked as the world’s best university for the study of Economics & Econometrics for the second consecutive year.
The expert opinion of 5,510 academics and 9,909 employers informed the results of this particular subject rankings, alongside the analysis of 205,064 research papers sourced from the Scopus/Elsevier bibliometric database. This contributed to QS considering 1,990 universities for this year’s rankings, nominally ranking 803, and eventually selecting the top 300 for the published rankings.
Harvard and the Massachusetts Institute of Technology (MIT) continue to take the lion’s share of top places across the 42 subject tables, leading in 24 subjects between them. Each takes twelve leading positions. In second place for Economics & Econometrics is Harvard University, while completing the top three is Stanford University, rounding off the US triumvirate. Princeton University, the University of California Berkeley, and the University of Chicago are also in the top five, sharing the joint-4th spot.
This year’s Economics & Econometrics ranking features the world’s top 300 places to study the subject, meaning that this year’s rankings have been enlarged by 100 places. The most-featured country in the ranking is, perhaps unsurprisingly, the United States which takes 13 top-20 places, and 69 places overall.
However, excellence for Economics & Econometrics isn’t confined to the United States. Institutions from 39 different countries feature in the top 300 for the subject this year, with the UK (34 top universities for this subject) followed by Australia (17), Italy (16), and Germany (15).
The best Economics department neither from the US nor the UK is Università Commerciale Luigi Bocconi of Italy, ranking 17th, while Asia’s best university for the subject is the National University of Singapore (18th). 13 Latin American universities feature among the top 300, with two in the top 100. These are the Pontificia Universidad Católica de Chile and the Universidade de São Paulo (USP), both in the 51-100 band.
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QS World University Rankings by Subject 2016: Economics (Top 10) |
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| 2016 | 2015 | Institution | Country |
| 1 | 1 | Massachusetts Institute of Technology (MIT) | United States |
| 2 | 2 | Harvard University | United States |
| 3 | 3 | Stanford University | United States |
| 4= | 6 | Princeton University | United States |
| 4= | 7 | University of California, Berkeley (UCB) | United States |
| 4= | 5 | University of Chicago | United States |
| 7 | 4 | London School of Economics and Political Science (LSE) | United Kingdom |
| 8 | 8 | University of Oxford | United Kingdom |
| 9 | 10 | Yale University | United States |
| 10 | 9 | University of Cambridge | United Kingdom |
Ben Sowter, Head of the QS Intelligence Unit, said: “Though the US and UK remain dominant, our most inclusive rankings ever show that excellence can be found in an ever-increasing number of places. Nations like Austria, South Africa, Finland, Brazil, China, and Sweden can be found in the top ten of our tables. Our new top 300 for Economics acknowledges academic excellence in 39 different countries, with institutions from 15 different nations in our top 50.”
QS Quacquarelli Symonds have been providing expert insight and analysis for both the higher education sector since 1990. Their QS World University Rankings are the world’s most popular based on Alexa data and other social media metrics. Their annual World University Rankings by Subject provide employers, students, parents, and academics with the most comprehensive insight into global university performance at the subject level. They can be found in their entirety here.