economics phd world rankings

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• Preparing for graduate school

Program rankings

The following organizations rank graduate economics programs using various approaches:

• US News and World Report 2023 Best Economics Schools
• US News and World Report Ranking of the Best Global Universities for Economics and Business
• RePEc Ranking of Institutions
• Tilburg University Top 100 Worldwide Economics Schools Research Rankings
• National Academies of Sciences, Engineering, and Medicine 2011 Ranking

Academic research evaluating economics programs

• Amir, Rabah and Malgorzata Knauff. 2008. " Ranking Economics Departments Worldwide on the Basis of PhD Placement ." Review of Economics and Statistics , 90 (1), pp. 185-90.
• Grijalva, Therese C. and Clifford Nowell. 2008. " A Guide to Graduate Study in Economics: Ranking Economics Departments by Fields of Expertise ." Southern Economic Journal , 74 (4), pp. 971-96.
• Kalaitzidakis, Pantelis, Theofanis P. Mamuneas, and Thanasis Stengos. 2011. " An Updated Ranking of Academic Journals in Economics ." The Canadian Journal of Economics , 44(4):1525-1538.
• McPherson, Michael A. 2012. " Ranking US Economics Programs by Faculty and Graduate Publications: An Update Using 1994-2009 Data ." Southern Economic Journal , 79 (1): 71-89.  

Graduate degrees in economics

Understanding the job market.

PhD Program

Year after year, our top-ranked PhD program sets the standard for graduate economics training across the country. Graduate students work closely with our world-class faculty to develop their own research and prepare to make impactful contributions to the field.

Our doctoral program enrolls 20-24 full-time students each year and students complete their degree in five to six years. Students undertake core coursework in microeconomic theory, macroeconomics, and econometrics, and are expected to complete two major and two minor fields in economics. Beyond the classroom, doctoral students work in close collaboration with faculty to develop their research capabilities, gaining hands-on experience in both theoretical and empirical projects.

How to apply

Students are admitted to the program once per year for entry in the fall. The online application opens on September 15 and closes on December 15.

Meet our students

Our PhD graduates go on to teach in leading economics departments, business schools, and schools of public policy, or pursue influential careers with organizations and businesses around the world. 

Best Universities for International Economics in the World

Updated: February 29, 2024

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Below is a list of best universities in the World ranked based on their research performance in International Economics. A graph of 6.51M citations received by 386K academic papers made by 1,424 universities in the World was used to calculate publications' ratings, which then were adjusted for release dates and added to final scores.

We don't distinguish between undergraduate and graduate programs nor do we adjust for current majors offered. You can find information about granted degrees on a university page but always double-check with the university website.

1. London School of Economics and Political Science

For International Economics

2. University of Oxford

3. Catholic University of Leuven

4. University of California - Berkeley

5. Harvard University

6. Columbia University

7. University of Cambridge

8. University of Amsterdam

9. University of Nottingham

10. University of Michigan - Ann Arbor

11. Yale University

12. University of Warwick

13. Stanford University

14. University College London

15. Erasmus University Rotterdam

16. University of Chicago

17. New York University

18. Australian National University

19. University of Bologna

20. Princeton University

21. University of Copenhagen

22. University of Sussex

23. University of California - Davis

24. University of Manchester

25. University of Groningen

26. Utrecht University

27. University College Dublin

28. University of Birmingham

29. Maastricht University

30. University of Pennsylvania

31. Pierre and Marie Curie University

32. University of Maryland - College Park

33. Tilburg University

34. Massachusetts Institute of Technology

35. Wageningen University

36. University of British Columbia

37. Georgetown University

38. University of Toronto

39. University of Leeds

40. Cornell University

41. University of Oslo

42. University of Sheffield

43. Trinity College Dublin, University of Dublin

44. Tel Aviv University

45. Pennsylvania State University

46. King's College London

47. Ghent University

48. University of Paris 1 Pantheon-Sorbonne

49. Bocconi University

50. Cardiff University

51. University of Wisconsin - Madison

52. University of Kent

53. Swiss Federal Institute of Technology Zurich

54. George Washington University

55. National University of Singapore

56. Dartmouth College

57. Free University Amsterdam

58. University of Lisbon

59. University of Milan

60. Free University of Brussels

61. University of California - Los Angeles

62. Leiden University

63. University of Edinburgh

64. Free University of Berlin

65. University of Glasgow

66. University of Geneva

67. University of Valencia

68. University of Melbourne

69. University of East Anglia

70. Queen Mary University of London

71. University of Hong Kong

72. Paris Institute of Political Studies

73. University of California-San Diego

74. Lund University

75. Graduate Institute of International and Development Studies

76. Boston College

77. Johns Hopkins University

78. Pompeu Fabra University

79. Newcastle University

80. University of New South Wales

81. University of Strathclyde

82. University of Bristol

83. Imperial College London

84. Stockholm University

85. University of Antwerp

86. University of Zurich

87. Boston University

88. Sapienza University of Rome

89. Goethe University of Frankfurt am Main

90. Radboud University

91. Aarhus University

92. University of Barcelona

93. Complutense University of Madrid

94. Vienna University of Economics and Business

95. Monash University

96. University of Sydney

97. Catholic University of Louvain

98. University of Mannheim

99. University of Essex

100. University of Munich

Economics subfields in the World

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Rankings of Doctoral Programs in Economics

There are numerous rankings of Economics Ph.D. programs available.

U.S. News and World Report

According to the 2017 rankings released by U.S. News and World Report , Iowa State University's graduate program in Economics was ranked 28th among public universities and tied for 53rd overall. This ranking was two slots higher than the previous ranking.

National Research Council

One recent assessment resulted from a comprehensive survey of doctoral programs undertaken by the National Research Council (“ A Data-Based Assessment of Research-Doctorate Programs in the United States (2010) ”).  The NRC’s program assessment methodology and results are somewhat complex, but one synthesis of their findings  places our program within the top 30 Economics Ph.D. programs in the U.S .; and among the top 10 in public universities.

Research Papers in Economics (RePEc)

RePEc , sponsored by the Research Division of the Federal Reserve Bank of St. Louis, is a comprehensive database of research papers in economics.  The information in the database is used to rank the research productivity of registered authors based on a variety of metrics.  Authors’ rankings, in turn, are used to rank the institutions with which they are affiliated for academic departments of both economics and agricultural economics .

American Economic Association

Links to other rankings of graduate programs in economics are provided on the American Economic Association website .

Econphd.net

By field of specialization, a ranking by econphd.net places our department 4th in the “subdiscipline” of Resource and Agricultural Economics.   This subdiscipline is further partitioned according to JEL descriptors into two parts:  Resource and Environmental Economics, in which we rank 8th; and Agricultural Economics, in which we rank 1st overall.

Journal Articles Ranking Economics Programs

• Based on faculty productivity, “ A Guide to Graduate Study in Economics: Ranking Economics Departments by Fields of Expertise, ” by T.C. Grijalva and C. Nowell, Southern Economic Journal, 2008: 74(4), pp. 971-96.  According to this study, our program ranks 31st overall (15th among public universities) and 1st overall in the field of Agricultural and Natural Resource Economics.
• A more recent ranking of economics programs, see " Ranking U.S. Economics Programs by Faculty and Graduate Publications: An Update Using 1994 - 2009 Data, " by M. A. McPherson, Southern Economic Journal, 2012:  79 (1), pp. 71-89.

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Check the latest UofT COVID-19 updates more information

Faculty publications ranking

A recent ranking* of economics departments by publications in economics journals places the University of Toronto in the top 20 departments worldwide (and 1st in Canada).

*Source: The Tilburg University Top 100 Worldwide Economics Schools Research Ranking based on research contribution 2016–2020 .

Ranking of PhD graduates' publication records

A 2014 ranking of the publication records in economics journals of PhD graduates places the University of Toronto in the top 15 departments in the US and Canada. The ranking given in the column headed x th is constructed as follows. For each institution, the publication records of all PhD graduates are ordered and the record at the x th percentile is selected; the institutions are ranked by these selected publication records. Thus, for example, the median (50th percentile) publication record among PhD graduates of Princeton is better than the median publication record among graduates of all other institutions; the median publication record among PhD graduates of the University of Toronto is ranked 9th among all institutions.

The rows of the table are ordered by the average ranking.

Based on publications 1985–2006 of all PhD graduates 1986–2000. Source: Computed from Table 2 of John P. Conley and Ali Sina Önder (2014), " The Research Productivity of New PhDs in Economics: The Surprisingly High Non-Success of the Successful ", Journal of Economic Perspectives , 28(3): 205–216.

The University of Toronto is ranked #18 globally and #1 in Canada. For more details, please refer to the SGS university rankings site.

QS World University Rankings

The department of Economics is ranked #1 in Canada and #18 in the world as ranked by QS World University Rankings by Subject 2023 in the subject areas of Economics & Econometrics

Based on rankings released publicaly by QS Top Universities . Source: QS Quacquarelli Symonds (www.topuniversities.com). Copyright © 2004-2022 QS Quacquarelli Symonds Ltd.

Department of Economics University of Toronto Max Gluskin House 150 St. George Street Toronto, Ontario M5S 3G7, Canada (416) 978-4622

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The Ph.D. Program in the Department of Economics at Harvard is addressed to students of high promise who wish to prepare themselves in teaching and research in academia or for responsible positions in government, research organizations, or business enterprises. Students are expected to devote themselves full-time to their programs of study.

The program prepares students for productive and stimulating careers as economists. Courses and seminars offered by the department foster an intellectually active and stimulating environment. Each week, the department sponsors more than 15 different seminars on such topics as environmental economics, economic growth and development, monetary and fiscal policy, international economics, industrial organization, law and economics, behavioral economics, labor economics, and economic history. Top scholars from both domestic and international communities are often invited speakers at the seminars.  The Harvard community outside of the department functions as a strong and diverse resource. Students in the department are free to pursue research interests with scholars throughout the University. Faculty of the Harvard Law School, Kennedy School of Government, and Harvard Business School, for example, are available to students for consultation, instruction, and research guidance. As a member of the Harvard community, students in the department can register for courses in the various schools and have access to the enormous library resources available through the University. There are over 90 separate library units at Harvard, with the total collections of books and pamphlets numbering over 13 million.  Both the department and the wider University draw some of the brightest students from around the world, which makes for a student body that is culturally diverse and likely unequaled in the range of intellectual interests of its members. These factors combine to add an important dimension to the educational process. Students are able to learn from one another, collaborate on research projects and publications, and form bonds that are not broken by distance once the degree is completed and professional responsibilities lead them in different directions.

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Doctor of Economics Programs in America

1-25 of 50 results

MIT School of Humanities, Arts, and Social Sciences

Cambridge, MA •

Massachusetts Institute of Technology •

Graduate School

Massachusetts Institute of Technology ,

Graduate School ,

CAMBRIDGE, MA ,

Stanford Graduate School of Business

Stanford, CA •

Stanford University •

• • Rating 4 out of 5   4 reviews

Master's Student: Incredibly positive academic experience with inspiring professors and diverse classmates. I have no negative feedback. ... Read 4 reviews

Stanford University ,

STANFORD, CA ,

4 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says Incredibly positive academic experience with inspiring professors and diverse classmates. I have no negative feedback. .

Read 4 reviews.

Harvard Graduate School of Arts and Sciences

Harvard University •

• • Rating 4.56 out of 5   9 reviews

Other: I am Harvard Extension School student pursuing a master degree, ALM, in sustainability. I have achieved a 3.89 in this program so far and have qualified, applied, and accepted as a 'Special Student' in the Harvard Graduate School of Arts and Sciences. Through this School, I will be focusing my time at the John A. Paulson school of Engineering & Applied Sciences. Looking forward to wrapping up my final year on campus! ... Read 9 reviews

Harvard University ,

9 Niche users give it an average review of 4.6 stars.

Featured Review: Other says I am Harvard Extension School student pursuing a master degree, ALM, in sustainability. I have achieved a 3.89 in this program so far and have qualified, applied, and accepted as a 'Special Student'... .

Read 9 reviews.

Lehigh University

Graduate School •

BETHLEHEM, PA

• • Rating 4.45 out of 5   20

University of Wyoming

LARAMIE, WY

• • Rating 4.42 out of 5   24

Colorado School of Mines

• • Rating 4.3 out of 5   10

Princeton University

Princeton, NJ •

• • Rating 4.33 out of 5   3 reviews

Master's Student: The best part of the Princeton University mechanical engineering graduate degree is the excellent faculty that teach the courses. They are incredibly knowledgeable and also very willing to help students in office hours or in sponsorship of projects. The worst part of the Princeton University mechanical engineering graduate degree is the lack of structure for the graduate research program which can leave you feeling unsure on the direction of your research. ... Read 3 reviews

PRINCETON, NJ ,

3 Niche users give it an average review of 4.3 stars.

Featured Review: Master's Student says The best part of the Princeton University mechanical engineering graduate degree is the excellent faculty that teach the courses. They are incredibly knowledgeable and also very willing to help... .

Read 3 reviews.

Sanford School of Public Policy

Durham, NC •

Duke University •

• • Rating 4.75 out of 5   4 reviews

Current Master's student: My academic experience at Duke has been the most rewarding in my life. What makes Duke so great is the opportunity through the Sanford Policy School to exchange and engage ideas with professors and peers connected to my area of policy analysis. I have gotten the chance through summer internships to have real-world policy experience in analysis and implementation. Because my policy analysis is explicitly based on healthcare, I have focused on black maternal outcomes as my point of reference. I have had the opportunity to work with Professor Carolyn Barnes and collaborate since she is an expert in social and economic welfare and its effects on low-income families. The introductory and intermediate microeconomics, macroeconomics, and statistics classes give students a solid technical base when drafting briefs. One thing I would change is to provide more accessibility of recorded lectures when sick after the coronavirus. ... Read 4 reviews

Duke University ,

DURHAM, NC ,

4 Niche users give it an average review of 4.8 stars.

Featured Review: Current Master's student says My academic experience at Duke has been the most rewarding in my life. What makes Duke so great is the opportunity through the Sanford Policy School to exchange and engage ideas with professors and... .

Brown University Graduate School

Providence, RI •

Brown University •

Brown University ,

PROVIDENCE, RI ,

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School of Engineering and Applied Science - University of Pennsylvania

Philadelphia, PA •

University of Pennsylvania •

University of Pennsylvania ,

PHILADELPHIA, PA ,

Weinberg College of Arts and Sciences

Evanston, IL •

Northwestern University •

Northwestern University ,

EVANSTON, IL ,

Olin Business School

St. Louis, MO •

Washington University in St. Louis •

• • Rating 4 out of 5   7 reviews

Master's Student: The enrolment process was an absolute pleasure. Being able to sit in on classes and interact with faculty and students was a fantastic opportunity. It gave me a real feel for the academic dynamic and the supportive community. This firsthand experience greatly influenced my decision, and I'm eagerly looking forward to becoming a part of the institution. ... Read 7 reviews

Washington University in St. Louis ,

ST. LOUIS, MO ,

7 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says The enrolment process was an absolute pleasure. Being able to sit in on classes and interact with faculty and students was a fantastic opportunity. It gave me a real feel for the academic dynamic and... .

Read 7 reviews.

Division of the Humanities and Social Sciences - California Institute of Technology

Pasadena, CA •

California Institute of Technology •

California Institute of Technology ,

PASADENA, CA ,

Mendoza College of Business

Notre Dame, IN •

University of Notre Dame •

• • Rating 4.9 out of 5   10 reviews

Master's Student: The University of Notre Dame is primarily centered around building your network. The professors cover material that is vital for your industry and do so in a quick and efficient manner. You will not find a better place to learn and meet people! I cannot speak highly enough of this school! ... Read 10 reviews

University of Notre Dame ,

NOTRE DAME, IN ,

10 Niche users give it an average review of 4.9 stars.

Featured Review: Master's Student says The University of Notre Dame is primarily centered around building your network. The professors cover material that is vital for your industry and do so in a quick and efficient manner. You will not... .

Read 10 reviews.

Social Sciences Division - University of Chicago

Chicago, IL •

University of Chicago •

• • Rating 3.75 out of 5   4 reviews

Master's Student: The University of Chicago offers many clubs you can attend. Do to COIVD most of the clubs meet online and some in person one day out of the week. There's boxing, archery, fencing, and one of my personal favorites ju-jutsu, just to name a few. These sports are completive but they also have clubs that are just for fun and any body of any skill level can join. There is also this amazing climbing wall in the recreation center but we are not allowed to climb it at the moment because of COVID restrictions. It's also convent to be surrounded by hospitals (Rush and UIC). I got hurt while I was at school, I broke my arm, and I did not have to call on anyone to take me to the hospital, I could just walk. The food is okay and you get to chose from a good selection of things. The rooms where a nice size and most of the students were so friendly it was easy to make friends. ... Read 4 reviews

University of Chicago ,

CHICAGO, IL ,

4 Niche users give it an average review of 3.8 stars.

Featured Review: Master's Student says The University of Chicago offers many clubs you can attend. Do to COIVD most of the clubs meet online and some in person one day out of the week. There's boxing, archery, fencing, and one of my... .

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Dietrich College of Humanities & Social Sciences

Pittsburgh, PA •

Carnegie Mellon University •

Blue checkmark.

Carnegie Mellon University ,

PITTSBURGH, PA ,

Scheller College of Business

Atlanta, GA •

Georgia Institute of Technology •

• • Rating 5 out of 5   2 reviews

Master's Student: The program has been challenging but very rewarding. The professors have been helpful during office hours and the material is very engaging and relevant to real-world workplace issues. ... Read 2 reviews

Georgia Institute of Technology ,

ATLANTA, GA ,

2 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says The program has been challenging but very rewarding. The professors have been helpful during office hours and the material is very engaging and relevant to real-world workplace issues. .

Read 2 reviews.

Haas School of Business

Berkeley, CA •

University of California - Berkeley •

• • Rating 5 out of 5   3 reviews

Master's Student: I am a new EWMBA admit at Haas and so far the experience has been fantastic! It's a close-knit community of intellectual, humble, and talented working professionals. The entire team of program directors, admissions officers, etc. are SO willing to help! ... Read 3 reviews

University of California - Berkeley ,

BERKELEY, CA ,

3 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says I am a new EWMBA admit at Haas and so far the experience has been fantastic! It's a close-knit community of intellectual, humble, and talented working professionals. The entire team of program directors, admissions officers, etc. are SO willing to help! .

D'Amore-McKim School of Business

Boston, MA •

Northeastern University •

• • Rating 2.5 out of 5   4 reviews

Master's Student: Recently began my journey in the GSPA MS in Accounting/ MBA program! So far classes have been tailored to students with nonbusiness/ accounting allowing for any interested parties to join. Teachers are both flexible with grad students and amazing at providing real-world experience. ... Read 4 reviews

Northeastern University ,

BOSTON, MA ,

4 Niche users give it an average review of 2.5 stars.

Featured Review: Master's Student says Recently began my journey in the GSPA MS in Accounting/ MBA program! So far classes have been tailored to students with nonbusiness/ accounting allowing for any interested parties to join. Teachers... .

McCombs School of Business

Austin, TX •

University of Texas - Austin •

• • Rating 4.69 out of 5   13 reviews

Master's Student: Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to explore different interests within business and broaden their career opportunities. The worst part of being at McCombs is the competitive environment, although it incentivizes students to work harder, it can be mentally draining to constantly try to outperform one's peers. ... Read 13 reviews

University of Texas - Austin ,

AUSTIN, TX ,

13 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to... .

Read 13 reviews.

Graduate School of Arts & Sciences - Boston University

Boston University •

Boston University ,

College of Letters & Science, University of Wisconsin-Madison

Madison, WI •

University of Wisconsin •

• • Rating 4.22 out of 5   9 reviews

Alum: Aside from being really cold, UW-Madison is a great school. Needless to say, it is one of the top schools in the U.S. with a beautiful campus that has Lake Mendota and a lot of student life to enjoy. Academic was really good too, but given how the city is college town, you can feel the emptiness when students go back home during summer break. It is known as party school too with Mifflin Street Block Party. But it is also highly academically renowned school. So you can make your campus life as fun or as beneficial as you can. There are many gyms and libraries that can handle 40k + students. In addition, you have to check out Camp Randall, the football stadium and attend The MadHatters A Cappella show. I really miss this campus except for the weather. State street has many diverse restaurants that are authentic and delicious. One of the best campuses in the world. ... Read 9 reviews

University of Wisconsin ,

MADISON, WI ,

9 Niche users give it an average review of 4.2 stars.

Featured Review: Alum says Aside from being really cold, UW-Madison is a great school. Needless to say, it is one of the top schools in the U.S. with a beautiful campus that has Lake Mendota and a lot of student life to enjoy.... .

College of Liberal Arts & Sciences - University of Illinois

Urbana, IL •

University of Illinois Urbana-Champaign •

University of Illinois Urbana-Champaign ,

URBANA, IL ,

School of Humanities, Arts, and Social Sciences - Rensselaer Polytechnic Institute

Rensselaer Polytechnic Institute •

Rensselaer Polytechnic Institute ,

College of Letters and Science - UC Santa Barbara

Santa Barbara, CA •

University of California - Santa Barbara •

University of California - Santa Barbara ,

SANTA BARBARA, CA ,

College of Arts, Sciences, and Engineering - University of Rochester

Rochester, NY •

University of Rochester •

• • Rating 4 out of 5   2 reviews

Alum: The Optics program is the toughest offered at the school. Optics grads do twice as much (60 credit hours instead of 30) class work as other degrees. You learn a ton! The field is so diverse you can pick and choose what subfields to focus on, and all fields are offered. Amazing professors. In all my classes, I felt one professor was bad at teaching. All the others were very competent, and the best were extremely passionate about their class/field of research. ... Read 2 reviews

University of Rochester ,

ROCHESTER, NY ,

2 Niche users give it an average review of 4 stars.

Featured Review: Alum says The Optics program is the toughest offered at the school. Optics grads do twice as much (60 credit hours instead of 30) class work as other degrees. You learn a ton! The field is so diverse you can... .

College of Science - Purdue University

West Lafayette, IN •

Purdue University •

Purdue University ,

WEST LAFAYETTE, IN ,

Golden, CO •

• • Rating 4.3 out of 5   10 reviews

Master's Student: Some classes were better than others. There were many professors that wanted to see you succeed and were willing to work with you, and then there were some that would not work with you. Overall, I did enjoy my time here at Mines, but not because of the school, but because of the relationships I made with those around me. This school is hard and requires a tough mindset to keep pushing through. ... Read 10 reviews

GOLDEN, CO ,

10 Niche users give it an average review of 4.3 stars.

Featured Review: Master's Student says Some classes were better than others. There were many professors that wanted to see you succeed and were willing to work with you, and then there were some that would not work with you. Overall, I... .

College of Arts and Sciences - University of Wyoming

University of Wyoming •

• • Rating 5 out of 5   4

Suffolk University

• • Rating 4.56 out of 5   16

Tulane University

NEW ORLEANS, LA

• • Rating 4.22 out of 5   37

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QS World University Rankings by Subject 2021: Economics and Econometrics 2021

Discover where to study with the QS World University Rankings by Subject 2021.

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Best Development Economics Programs

Ranked in 2022, part of Best Social Sciences and Humanities Schools

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Development economists are concerned with the state of low-income countries and citizens. They may work in research and policy analysis for government agencies and nonprofits. These are the top graduate schools for development economics. Read the methodology »

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Professor Behram Earned A Spot In the Top 100 Economics And Econometrics Scientists 2024!

The  AD Scientific Index  has ranked  Jere R. Behrman  among the world's  Top 100 Economics and Econometrics Scientists for 2024 ! He's #31in the world ranking, see how his other stats shake out  here .

Citations: "Professors Behrman and Diebold, faulty in the department, are in AD World top 100 Economics and Econometrics Scientists 2024."  Penn Economics,  Marc 11, 2024.

These are the top ranking universities in Asia for 2024

Tsinghua University in Beijing, China, tops the world rankings in Asia for universities. Image:  REUTERS/Thomas Peter.

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Stay up to date:, horizon scan: markus herrmann.

• The Times Higher Education's (THE) World University Rankings 2024 were announced recently.
• China maintains a strong presence in these rankings – with seven of the world's top 100 universities.
• THE's Asia University Rankings highlight a strong surge for universities in the Association of South East Asian Nations (ASEAN).

Education, science and technology are core catalysts powering the “Asian Century” – and as we approach the first quarter of this much-heralded geopolitical era, a new data analysis of more than 700 universities from 33 Asian nations provides important insights into the shifting dynamics of the vast Asian continent.

For two decades, Times Higher Education’s (THE) World University Rankings have demonstrated the extraordinary rising research power and influence of China, with Beijing’s Tsinghua and Peking universities rapidly closing-in on the world top 10 positions – in 12 th and 14 th place respectively in the 2024 edition of the world rankings. Overall, mainland China now boasts seven world top 100 universities, up from just two in 2020, while Hong Kong has a further five world top 100 universities.

Have you read?

These are the top international universities: why their cooperation has never mattered more, how universities can play a pivotal role in building economic resilience.

THE's Asia University Rankings released at the end of April, offer a deeper, contextual dive into the data behind the world rankings – and they highlight a strong surge for universities in the Association of South East Asian Nations (ASEAN).

While China naturally takes the bulk of the top rankings in Asia - with seven of Asia’s top 10 universities based in China and Hong Kong – Singapore leads a remarkably strengthening ASEAN group of universities, with the National University of Singapore taking 3rd place in Asia, followed by Nanyang Technological University, which rises up from 5 th to 4 th this year.

“Significant transformation is taking place in higher education within the ASEAN region,” says Tan Eng Chye, President of National University of Singapore (NUS). “Established universities are expanding while new institutions are rising.”

ASEAN is the world’s fifth largest economy, and a burgeoning and culturally diverse region of over 670 million people – one third of which are young people below the age of 20, says Tan. So the growing strength and impact of the region is vital to its continued success - “offering students greater diversity than ever before, in university education as well as lifelong learning”.

“Universities here are also playing an increasing role in research that is driving change and making an impact in medicine, sciences, environment, policy and community. Education and research will be driving forces for the region’s future and growth,” says Tan.

The THE Asia University Rankings provide a powerful indicator of the shifting geopolitics of education, research and innovation – examining tens of millions of research papers and using 17 separate performance indicators to assess universities across their research, their international academic reputation, their teaching, their international talent attraction and their connections to industry and creation of intellectual property.

Beyond Singapore’s great strength, Malaysia has 23 universities in the 2024 edition of the Asia University Rankings – with 12 institutions moving up the rankings and seven retaining their positions from last year. Malaysia’s top-ranked universities all made significant gains, with Universiti Teknologi Petronas taking joint 52nd after moving up 11 places from last year’s 63 rd , University of Malaya moving up from 66th last year to 65 th and Universiti Teknologi Malaysia joining the Asia top 100 list moving up to 85 th from 161st last year.

Thailand has 19 ranked universities – and 17 of them move up the rankings or maintain their position from last year, with the top three moving up into the Asia top 200. Chulalongkorn University takes 117 th place, Mahidol University takes 139 th place and and King Mongkut’s University of Technology Thonburi ranks 192, all three moving up from the 201–250 band last year.

The performance of Indonesia’s 24 ranked universities is more stable, but the national flagship University of Indonesia reaches the top 250 this year, up from the 251-300 band, while Universitas Gadjah Mada made the top 400, up from 401-500.

“Opportunities abound in the ASEAN region, especially in the demand for talents in big data analytics, artificial intelligence and machine learning for digital transformation; sustainability solutions for climate change; and healthcare innovation. A well-educated and globally-minded workforce, including young graduates supported in their entrepreneurial ambitions, will accelerate economic growth, attract investments, drive scientific and technological advancements, enhance the bloc’s competitiveness in global markets, and promote meaningful regional collaboration and integration,” says NUS President Tan. “NUS is excited to be part of the growth and transformation of ASEAN.”

What does the future hold for Asia?

So what does the latest rankings data suggest for research and higher education power for the next quarter of the Asian century?

“There is no doubt that Asian countries… will become more dominant in terms of academic research in the next 10 or 20 years,” Futao Huang, Professor at the Research Institute of Higher Education at Hiroshima University, told THE. China’s great rise will provide a halo effect for other Asian nations, he predicts, drawing in more talent and international research collaboration to the wider benefit of East Asia.

For Ming Cheng, a Professor of higher education at Sheffield Hallam University in the UK, the China-led rise of Asia in global higher education and science may even change the lingua franca of global science: “English might gradually lose its dominance as the language of scientific research,” she says - which would further bolster Asia’s position as the new centre of gravity for research and innovation.

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Inspiring and informing your business school journey

The 10 best schools for finance in the world.

Stanford Graduate School of Business is among the best schools for finance worldwide ©Stanford GSB / iStock

What are the best schools for finance across the globe? Find out the top destinations to study finance including the likes of Oxford Saïd and Harvard

By  Fay Nyberg

Fri May 10 2024

For those seeking the competitive advantage of attending a business school that’s highly-acclaimed for finance education, the annual QS MBA by Career Specialization Rankings places nine out of the top 10 best finance schools in the world in the US.

Read on to find out which business schools rank at the top of this year's list, and explore some of the unique characteristics that make the top business schools for finance stand out.

The 10  Best Schools For Finance

10. university of michigan ross school of business.

The University of Michigan’s Ross School of Business is a top 10 ranking b-school when it comes to finance. With a fast-track finance MBA program, the accelerated course prepares ambitious students for summer internship positions at the end of the first year. 

The curriculum includes valuation, corporate financial policy, and financial modeling. There’s also a student-run MBA Investment Banking Club to support applications for internships and help Michigan Ross financiers’ careers progress. Ross MBA graduates are hired by the likes of Goldman Sachs, Barclays and BlackRock. 

9. Cornell University Johnson Graduate School of Management

The Johnson School is part of the University of Cornell, one of the largest universities in the US Ivy League. It ranks among the 10 best finance schools at number nine in this year's list. 

The two-year MBA course incorporates a summer internship and students can focus on finance by choosing a semester-long corporate finance immersion, which includes a mix of theory and practice.

Leading S&P 500 companies across a wide range of industries including finance hire Johnson’s MBA students for internships, including the likes of American Express and Bank of America.

Check out the  Cornell Johnson MBA Class Profile

8. Northwestern University Kellogg School of Management

The Kellogg School of Management at Northwestern University offers a full-time MBA with a finance major. All MBA students begin their studies by looking at the basic tools and skills needed for a finance career. 

They can then hone their finance skills further by selecting electives such as value investing, or experiential learning courses with simulation elements such as impact investing and sustainable finance.

Faculty members here serve as editors of leading professional publications. Some like Professor Dean Karlan are founders of nonprofits dedicated to finding and promoting solutions to global poverty issues.

Check out the  Northwestern Kellogg MBA Class Profile

7. University of Oxford Saïd Business School

If you’re looking to study a top finance MBA outside of the US, the University of Oxford’s Saïd Business School is a top 10 ranking school that's based in England. The MBA curriculum includes core courses examining the foundations of business, plus elective options like corporate valuation and financial management for banks and insurers. 

MBA students at Oxford Saïd can apply to the MBA Finance Lab for the opportunity to work through case studies. The school also offers a DPhil in Finance and MSc in Financial Economics, with an option to combine a master’s degree with a one-year MBA. 

Find out how to successfully  apply to the Oxford Saïd MBA

6. University of Chicago Booth School of Business

Just missing out on the top five in this ranking of the best finance schools, the University of Chicago Booth School of Business offers both an MBA in Analytic Finance and a  Master in Finance Program. Following up on the MBA with a concentration in finance means you select four finance-focused courses from options such as portfolio management and financial markets and institutions.

Esteemed faculty members here include Nobel Prize winners like Professor Eugene F. Fama , who is widely considered the ‘father of modern finance' and fellow Nobel Laureate,  Professor Lars Hansen . 

Find out how to successfully  apply to the Chicago Booth MBA

5. NYU Stern School of Business

The NYU Stern School of Business is number 5 in the QS MBA’s rankings of the best finance schools for 2023. The school takes a ‘flexible first’ approach to its MBA program, which is highly customizable. 

MBA students following the finance curriculum can select up to three specializations in related fields like financial systems and analytics, accounting, or supply chain management. There are also opportunities for real-world learning through participation in programs like the Michael Price Student Investment Fund, which offers hands-on asset management experience. 

Read the  NYU Stern MBA  Jobs & Salary Review

4. Columbia Business School

New York’s Columbia Business School has the lure of being located in the city that’s the center of global financial markets. Beyond the nearby bustle of Wall Street, this Ivy League school has more guest lectures and speaker visits to its campus than any other top business school. 

The MBA’s core finance elements focus on the foundational topics of value, financial accounting, and corporate finance. There are over 300 electives to choose from, with recommended courses to follow for a finance career path. The school also offers an MS in Financial Economics and a Finance PhD.  

Read the  Columbia MBA  Jobs & Salary Review

3. Stanford Graduate School of Business

Studying a finance MBA can give you a broad range of opportunities both within finance and beyond. For those who aspire to work with the biggest names in tech, Stanford's Graduate School of Business campus is located in the heart of Silicon Valley in California.

The first-year MBA curriculum includes the foundations of finance, financial accounting, and microeconomics. Those following a finance pathway can select year two electives including economics of the private equity industry, money and banking, and angel and venture capital financing for entrepreneurs and investors. 

Check out the  Stanford GSB MBA Class Profile

2. Harvard Business School 

Boston-based Harvard Business School has a dedicated finance MBA curriculum and boasts a busy calendar of seminars delivered by top global names in finance.

The MBA program’s core modules in finance develop student’s ability to make financial and managerial decisions. Year two electives include investment management and field courses such as value creation in small and medium firms.

Among the key factors that make this Ivy League school standout are its award-winning faculty members. For example, professor Lauren J.Cohen was invited to brief US congress on policy matters and delivered a keynote address at the launch of Nigeria’s Central Bank digital currency.

Dive into the  Harvard MBA Notable Alumni

1. The Wharton School of the University of Pennsylvania

Wharton is the leading school for an MBA for finance in the QS list, coming out on top against the other best finance schools in the US.

The b-school has been a leading name in finance education and research for over 120 years. Global names in finance hire Wharton MBA students as staff and interns, including the Bank of America, Barclays, and Goldman Sachs & Company.

The Wharton MBA curriculum includes core modules such as corporate finance and macroeconomics, and the global economic environment. 

The wide variety of electives means you can customize the program to support a financial career pathway. Examples of options include international financial markets and cryptocurrencies or data science for finance. 

Read the  Wharton  MBA  Jobs & Salary Review

• Best Business Schools

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Professor Behram Earned A Spot In the Top 100 Economics And Econometrics Scientists 2024!

The  AD Scientific Index  has ranked  Jere R. Behrman  among the world's  Top 100 Economics and Econometrics Scientists for 2024 ! He's #31in the world ranking, see how his other stats shake out  here .

Citations: "Professors Behrman and Diebold, faulty in the department, are in AD World top 100 Economics and Econometrics Scientists 2024."  Penn Economics,  Marc 11, 2024.

The State of Development Journals 2024: Quality, Acceptance Rates, Review Times, and What’s New

David mckenzie.

This is the eighth in my annual series of efforts to put together data on development economics journals that is not otherwise publicly available or easy to access (see  2017 ,  2018 ,  2019 ,  2020 , 2021 , 2022 , 2023 for the previous editions). I once again thank all the journal editors and editorial staff who graciously shared their statistics with me.

Journal Quality

The most well-known metric of journal quality is its impact factor . The standard impact factor is the mean number of citations in the last year of papers published in the journal in the past 2 years, while the 5-year is the mean number of cites in the last year of papers published in the last 5. As noted in previous years, the distribution of citations are highly skewed, and while the mean number of citations differs across journals, there is substantial overlap in the distributions – most of the variation in citations is within, rather than across journals. We continue to see growth in these impact factors at many journals. The big news this year is that they have decided that you really don’t need three decimal places any more in the impact factors.  I compliment these stats with RePec’s journal rankings which take into account article downloads and abstract views in addition to citations. 

Table 3 then shows two additional metrics, taken from Scimago , which uses information from the Scopus database. The first is the SJR (SCImago Journal Rank), which is a prestige-weighted citation metric – which works like Google PageRank, giving more weight to citations in sources with a relatively high SJR. I’ve included some of the top general journals in economics for comparison. Scimago also provides an H-index which is the number of papers published by a journal  in any year that were cited at least h times in the reference year – so this captures how many papers continue to be influential but as a result, favors more established journals, and ones that publish more articles, that have a larger body of articles to draw upon. 

How many submissions are received, and what are the chances of getting accepted?

Table 4 shows the number of submissions received each year. See previous years posts for statistics before 2019. The total submissions in the 11 journals tracked is almost 10,000 papers (note I received no data from the Review of Development Economics this year so have excluded it).  Total submissions in these journals are up 7.7% over last year, although not quite at the 2020 peak.

At most journals the number of submissions has either leveled off or fallen since a peak in 2020-21. World Development had the largest 2020 peak when they had a special call for a variety of short papers on COVID-19, but perhaps the combination of people sending off lots of papers during the pandemic and then being a little slower to start new projects has halted the rapid growth somewhat.

·       The newish World Development Perspectives already received 532 submissions last year, more than many long established development journals.

·       The Review of Development Economics has seen very rapid growth in submissions. I only started collecting stats for it last year, but the editors note that in 2015 they received about 450 submissions, and this has now grown to more than 1,500 last year.

Table 5 shows the total number of papers published in each journal. 782 papers were published in 2023, so that’s a lot of development research (even though less than 1 in 10 of the submitted papers and down slightly on the 811 papers published in 2022). I’ve noted in previous years that some of the journals have been able to flexibly increase the number of articles published as their submission numbers have risen, reducing publication lags as well. 

The ratio of the number of papers published to those submitted is approximately the acceptance rate. Of course papers are often published in a different year from when they are submitted, and so journals calculate acceptance rates by trying to match up the timing. Each journal does this in somewhat different ways. Hence Economia-Lacea reports a 0% acceptance rate for 2023 since none of the papers submitted in 2023 have yet been accepted, although some are still under review.  Table 6 shows the acceptance rates at different journals as reported by these journals. Of course the number and quality of submissions varies across journals, and so comparing acceptance rates across journals does not tell you what the chances are of your particular paper getting accepted is at these different journals.  

How long does it take papers to get refereed?

In addition to wanting to publish in a high quality outlet, and having a decent chance of publication, authors also care a lot about how efficient the process is. Table 7 provides data on the review process (see the previous years’ posts for historic data). The first column shows the desk rejection rate, which averages 73%. Column 2 uses the desk rejection rates and acceptance rates to estimate the acceptance rate conditional on you making it past the desk rejection stage. On average, about one in three papers that gets sent to referees gets accepted, with this varying from 12% to 63% across journals.

The remaining columns give some numbers on how long it takes to get a first-round decision. The statistics “Unconditional on going to referees” includes all the desk rejections, which typically don’t take that many days. The average conditional on going to referees is in the 3-5 month range. The last two columns then show that at most journals, almost all papers have a decision within 6 months – so in my opinion, you should feel free to send an enquiry if your paper takes longer than that. 

Do revisions typically get sent back to the referees or handled by the editor?

Another factor that can make a big difference in how long it takes to publish a paper is whether editors send revised papers back to referees, or instead reads the response letter and revision themselves and just makes a decision on this basis. This is something that the AER and AEJ Applied have been trying to do more and more, with only 25% of revisions at the AEJ Applied going back to referees. In my own editing at WBE, I send fewer than 5% of revisions back to referees. This year I asked the different journals what their approaches were. Many do not systematically track this, but offered some approximations:

·       Journal of Development Economics: approximately 60% of revisions go back to referees, although 0% for the short papers (see below)

·       Development Policy Review: only 10% of revisions go back to referees.

·       Journal of Development Effectiveness: 7.7% were sent back to referees

·       Journal of Development Studies: not tracked, but less than 20% go back to referees

·       Journal of African Economies: 52% are sent back to referees

·       Economia: 70% go back to referees.

·       EDCC: does not track this, but first revisions are usually sent back to referees.

·       World Development, World Development Perspectives, WBRO, and WBER do not track this, and results may vary a lot by editor.

Updates on the JDE Short Paper and Registered Report Tracks

The Journal of Development Economics has two other categories of papers that differ from other development journals:

·       The short paper format has proved popular. There were 148 submissions in 2023 (about 8% of total submissions), and 21 short papers were accepted. These papers follow the model of AER Insights, ReStat, etc in which papers are either conditionally accepted or rejected, and so any revisions are minor and are not sent back to referees.

·       The JDE registered reports had 19 stage 1 acceptances in 2023, and 1 stage 2 acceptance, reflecting a lag from COVID when there were not many new submissions. They have a website jdepreresults.org which tracks the stage 1 and stage 2 registered reports, but some of the data was lost when transitioning the website, so if you have a registered report accepted that is not listed there, please let the journal know.

Other Development Journal News

Finally, I asked the journals if they had any other major news or changes to report. Here are what they wanted to share:

·       At EDCC, Prashant Bharadwaj has replaced Marcel Fafchamps as editor. Thanks to Marcel for 10 years at the helm. The journal is one of the few development journals with a submission fee ($50), but offers a fee waiver to referees who have submitted a timely report in the year prior to submission.

·       Other editorial changes are Ganeshan Wignaraja replacing Colin Kirkpatrick as co-editor at Development Policy Review, and Marie Gardner and Ashu Handa taking over from Manny Jimenez at the Journal of Development Effectiveness.

·       The Journal of Development Effectiveness notes they are implementing a set of actions to raise awareness about transparency, ethics and equity in research, and to address power imbalances among HIC-L&MIC research teams. The editors note they are particularly concerned with research involving primary data collection in an L&MIC where there is no author from an institution in that country. For articles submitted to JDEff that fall into this category, they will require the authors to complete a short author reflexivity statement that will be published along with the article. The statement will explain the contribution of each author per Taylor & Francis authorship criteria, which are consistent with the criteria established by the International Committee of Medical Journal Editors. Authors will be asked to explain why there is no contributing author from the study location, specifically, whether any team member based in the study location made a ’significant contribution to conception, study design, execution or acquisition of data,’ and if so, why they were not subsequently invited to review the manuscript and take responsibility for its contents. And for work involving randomized controlled trials or interviews with vulnerable groups, authors will also be asked to answer a set of questions about research ethics. Final manuscript acceptance and publication in JDEff will be based on the scientific quality of the work as well as an assessment of whether the work was conducted in an equitable, inclusive and ethical manner.

Finally, thanks again to all the editors for all the time and effort they devote to improving the quality and visibility of development research. As you can see, they have a lot to deal with!

Lead Economist, Development Research Group, World Bank

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Colorado ranked No. 3 most dangerous state in the country by U.S. News

Colorado comes out as the third most dangerous state in the country in new rankings from U.S. News & World Report.

The report, which was released last week and relied on the latest data from the FBI, factored in both the violent crime rate and property crime rate in each state.

Colorado's violent crime rate, according the the rankings, is 492 per 100,000 people. The property crime rate is 3,148 per 100,000 people. New Mexico and Louisiana were the only states that the publication determined were more dangerous.

The authors of the rankings noted that the FBI says the following factors can all play a role when determining the amount and type of crime in different areas:

- population density

- economic conditions

- family cohesiveness

New Hampshire was ranked as the safest state in the country.

While the crime rate in Colorado is a knock against the Centennial State, according to the rankings, overall Colorado was listed by U.S. News & World Report as the 16th best state .