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The Best Universities for Economics in the USA (2023)

Written by Vincent Hedman

Why Study Economics in the USA

There are many reasons why someone might want to study Economics at a university in the USA. Here are just a few:

  • The US is known for its high quality education, with many universities considered amongst the very best in the world for obtaining an Economics Degree.
  • American universities offer vast curriculums that cover various branches of economics. Providing students with a broad perspective and offering them numerous dimensions of learning from microeconomics to macroeconomics, from development economics to quantitative econometrics.
  • Economic Masters Degrees also enhance soft skills like analytical thinking, problem-solving ability and critical thinking, due its multifaceted curriculum design involving both theoretical subjects and practical case studies.
  • Many universities offer students internship opportunities at long-standing companies, so students can receive hands-on training that compliments their academic studies.

The Best Universities in the USA for Economics

The following tables gives the 10 top universities in the USA for Economics, according to global and local university rankings. It can show you which American universities are amongst the best in the world - and help you compare institutions on an international level.

This information is based on the latest rankings tables, researched and published by Times Higher Education, QS and Academic Ranking of World Universities (ARWU).

Each ranking system uses its own methodology, with different factors having more or less influence on a university's result.

If you're wondering how these rankings affect your decision, our guide has more information on how to use international rankings as a postgraduate.


Top 10 Universities in the USA for Economics (Times Higher Education)
University USA Rank Global Rank
Massachusetts Institute of Technology 1 1
Stanford University 2 2
Harvard University 3 4
The University of Chicago 4 5
University of California, Berkeley 5 7
Yale University 6 9
Columbia University 7 =11
University of Pennsylvania 8 13
Northwestern University 9 14
Duke University 10 17
This information is based on the latest rankings tables, researched and published by Times Higher Education. Visit their website for more information.

What should I know about the Times Higher Education rankings?

The Times Higher Education rankings are strong in academic focus and diverse teaching metrics, but do not include employer-specific metrics. Additionally, the rankings may not include all specialist institutions.


Top 10 Universities in the USA for Economics (QS)
University USA Rank Global Rank
Harvard University 1 1
Massachusetts Institute of Technology 2 2
Stanford University 3 3
University of Chicago 4 4
Princeton University 5 5
University of California, Berkeley 6 6
Yale University 7 8
Columbia University 8 10
New York University 9 11
University of Pennsylvania 10 13
This information is based on the latest rankings tables, researched and published by QS World University Rankings. Visit their website for more information.

What should I know about the QS rankings?

The QS World University Rankings are designed to meet the needs of prospective students, with more weight given to student-centric metrics such as staff/student ratio, international recruitment and employer opinion. The rankings are balanced between qualitative and quantitative data, but give less weight to research than some other rankings.


Top 10 Universities in the USA for Economics (ARWU)
University USA Rank Global Rank
University of Chicago 1 1
Harvard University 2 2
Massachusetts Institute of Technology 3 3
Stanford University 4 4
University of California, Berkeley 5 5
Columbia University 6 6
Princeton University 7 7
Yale University 8 9
New York University 9 10
Northwestern University 10 11
This information is based on the latest rankings tables, researched and published by Academic Ranking of World Universities. Visit their website for more information.

What should I know about the ARWU rankings?

The ARWU rankings reflect the presence of elite academics and the future academic success of graduates. However, they do not directly assess the quality of education at a university or take into account other aspects of university performance.


Last updated: 13 September 2023