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Best Universities For Economics UK: 8 Top Ranking UK Universities

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Are you looking for the best university for economics UK?

Economics is the study of how money, industry, and trade organise society. As an economist, you’ll be responsible for figuring out how to best allocate resources by considering risks and benefits.

Developing government policies will be your forte because you understand the critical theories and techniques needed for policy-making. 

Do these interest you? Then it’s high time for you to search out the best universities for economics in the UK.

The university you choose will have a tremendous impact on your future career. So check out this post and select the school that fits your long-term plans. 

Not sure about Economics? Check out the best UK universities for loads of different degrees!

University of Cambridge

Cambridge University front view

The University of Cambridge is one of the best universities for economics in the UK. It’s the second-oldest university in the English-speaking world and is ranked among the top five universities globally. 

Did you know that Cambridge is a member of the Russell Group? The Russell Group is an association of leading British universities. It’s also considered part of the “Golden Triangle,” a geographical concentration of world-class research universities. Cambridge has such high educational standards that it raised over 110 Nobel Prize Laureates. Who knows, you might be one of them!

The University of Cambridge is one of the best universities for economics because it provides a solid foundation in pure and applied economics. The course’s integration with mathematics, statistics, history, sociology, and politics gives you a well-rounded formation.

Related Summer School: Cambridge Summer School

It’s no wonder that 91% of the graduates from Cambridge University are employed or enrolled in further study within 15 months after graduating. Those who are employed earn an annual salary of £50,000. Are you looking for a well-rounded formation and lucrative career options?

Try exploring Cambridge University

University of Oxford

Oxford University Front View

The University of Oxford is the oldest in the English-speaking world and is one of the world’s leading academic institutions.

The Times Higher Education World University Rankings has named it the Best University in the World for six consecutive years!

The University of Oxford is one of the best universities for economics because it has one of the largest communities of academic economists on the planet. Its Economics Department ranks highest in the UK! Their goal?

To use research in improving public and economic policy worldwide. How do they plan to do that? By raising the next generation of influential economic leaders.

You could be one of them!

Related Summer School: Oxford Summer Schools

Not only that, you may be excited to discover that 90% of Economics graduates from Oxford are employed or enrolled in further study. T

hose employed earn an average salary of £35,000 after 15 months. So if you’ve achieved AAA in your A levels and AA in your Advanced Highers, why not try your luck by applying for the University of Oxford?  

London School of Economics and Political Science

3 students studying while on stairs

Imagine studying at a university that specialises in the course you want to take! Such is the London School of Economics and Political Science (LSE). It’s one of the top social science universities globally located in Central London. LSE’s motto is “to know the causes of things” for the sake of improving society. 

Student Perspectives: Studying Economics At LSEWhat Is It Like?

LSE is one of the best universities for economics because the QS Subject Rankings 2021 proclaims LSE as no. 1 in Europe and no. 2 in the world. Plus, the school intends to build an inclusive and equitable community for its teachers and students. 

Related Summer School: London Summer School

If you’re passionate about research, you may be delighted to know that about 97% of LSE’s academic efforts are integrated with research. Doing so allows you to apply your learning to solve real-world problems. By understanding causes and solutions, you are well on your way to creating a significant impact in society.

University College London

College students in London

The University College London (UCL)  is London’s oldest, largest, and brightest! The QS World University Rankings 2022 places UCL eighth in the world. According to the Research Excellence Framework, UCL is Top 1 in research strength within the United Kingdom. 

The UCL is one of the best universities for economics because of its world-leading research. The Research Excellence Framework 2014 gives the UCL’s Economics Department the highest rating in the UK. 

If you study economics at the UCL, your educators are the very ones who deliver lectures to the UK’s Foreign, Commonwealth, & Development Office. So if you want to be part of a leading research community in London, consider UCL! 

University of St. Andrews

female carrying notebooks on hallway

The University Of St. Andrews made history when The Times and Sunday Times Good University Guide 2022 ranked it No. 1 in the UK universities. It’s the first time in 30 years that a university other than Oxford or Cambridge made it to the top of the list.

The University of St. Andrews is one of the best universities for economics because the Guardian University Guide 2022 ranked it First in Scotland for Economics. The Complete University Guide 2022 thinks the same. 

If you study Economics at the University of St. Andrews, you’ll have one of the best student experiences. The National Student Survey reports a 90% student satisfaction for UCL’s Economics graduates. Are you looking to study Economics in Scotland? Aim for the University of St. Andrews!

University of Glasgow

college students facing laptop

The University of Glasgow was founded in 1452 and is still growing strong. It has produced over six Nobel laureates, one Prime Minister, and Scotland’s first female medical graduates. 

Do you know that Adam Smith, who is widely regarded as the Father of Modern Economics, was a professor at the University of Glasgow in the 18th century? Glasgow is one of the best universities for economics because 96% of its graduates are employed or enrolled in further education. 

What’s more, the Guardian University Guide ranks the University of Glasgow Top 5 in the UK for economics. Its economic expertise includes macroeconomics, microeconomics, international finance, and more. So if you want to indulge in any of these, you will benefit from enrolling in this prestigious university.

Durham University

college students in a classroom

Durham University is all about inspiring people to do outstanding things. With the Guardian Good University Guide 2022 ranking it as Top 5 in the UK, you can tell it is outstanding!

The Destinations of Leavers from Higher Education survey 2016 and 2017 even ranks it as having the highest graduate employment rate than any other UK University.

Guess what its employment rate is? A whopping 97.9 per cent! 

If that’s not enough, Durham University has also been awarded Gold Status on the Teaching Excellence Framework for consistently delivering outstanding teaching, learning, and outcomes for students.

Why is Durham University one of the best universities for Economics? Because the Complete University Guide 2020 gives it the 7th place for Economics!

If you study economics at the University of Durham, you’ll learn the fundamental techniques and theories you’ll need to kickstart your career. If you’re looking for an outstanding economist with high career support, go for Durham University!

University Of Warwick 

3 female students carrying notebooks and smiling

The University of Warwick offers excellent teaching and research to challenge its students and is one of the best UK universities for economics. The Times and Sunday Times Good University Guide 2022 hails the University of Warwick the University of The Year for Teaching Quality. 

The National Student Survey reports that the University of Warwick Economics department has a highly-rated 83% student satisfaction rate. Plus, 97% of its graduates are employed or enrolled in further study within six months after graduation. Furthermore, those employed have an annual average rate of £32,000. 

Want more? The University of Warwick is one of the best universities for Economics because the Good University Guide ranked its Economics department 2nd in the UK. The QS World University Rankings 2021 ranked it 25th in the world. 

The University of Warwick’s Economics department is also dedicated to diversity and inclusivity, emphasising research. What more could you ask for? 

Wrapping Up The Best Economic Courses

The university you choose can make or break your career. Remember to consider which school aligns with your values and personal goals. If you’re looking for the best research, perhaps you’d want to consider the University College London.

Are you passionate about looking for the cause of things? Try exploring The London School of Economics and Political Science. 

If you’re looking to level up against your competition in education, then Immerse Education offers award-winning Economic summer schools in locations such as Cambridge, Oxford and London.

After reading through the best universities for economics, which are your top 3 choices? We at Immerse Education wish you the best of luck!

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