You’ll want to know where to study economics if it is your passion. One of the best places to obtain a top-notch economics education is the UK. The nation has a well-deserved reputation as one of the most unique locations in the world for this subject.
To assist you in selecting the ideal institution, our platform is pleased to present our shortlist of best universities for economics UK.
We made the list based on expert reviews and industry recommendations, as well as students’s experience with the institutions.
Is Economics a Good Degree in the UK?
One of the most popular university courses is economics. There is no denying that economics has evolved into a very diversified topic of study due to the numerous new industries and businesses that have emerged in recent years.
Students who desire to study business or management have a variety of possibilities. Macroeconomic factors like taxation, international trade, and economic growth can all have an impact on governance and policy.
A degree in economics is also a wonderful choice if you want to work in the financial sector. Those who desire to work in consulting or investment banking, which need for good arithmetic abilities and a grasp of markets, will find it to be a great fit.
Graduates in economics typically earn £22,000 annually.
Cost of Studying Economics in the UK
The cost of studying economics in the UK can vary depending on several factors, such as the institution, the level of study, and whether the student is a UK or international student. UK universities generally charge higher fees for international students than UK/EU students.
Undergraduate
For undergraduate students, the average tuition fees for economics programs in the UK range from £9,250 to £30,000 per year for UK/EU students, while international students can expect to pay anywhere from £15,000 to £35,000 per year. These fees cover tuition costs, but students will also need to budget for accommodation, food, transportation, and other living expenses.
Post-graduate
For postgraduate students, the tuition fees for economics programs can range from £10,000 to £35,000 per year for UK/EU students, while international students can expect to pay anywhere from £15,000 to £45,000 per year. Some universities also offer scholarships and funding opportunities to help offset the cost of tuition and living expenses.
It’s important to note that the cost of studying economics in the UK can also depend on the institution’s location. For example, universities in London tend to have higher living expenses than those in other parts of the UK, such as the North of England or Scotland.
Overall, studying economics in the UK can be a significant investment, but it can also open up numerous opportunities for students in terms of career prospects, research opportunities, and personal growth. It’s important for prospective students to carefully consider their financial situation and research funding opportunities before making a decision.
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15 Best Universities for Economics in UK
- London School of Economics and Political Science (LSE)
- UCL (University College London)
- The University of Warwick
- The University of Manchester
- The University of Edinburgh
- King’s College London (KCL)
- The University of York
- University of Nottingham
- Queen Mary University of London
- University of Birmingham
- University of Bristol
- University of St Andrews
- University of Bath
- University of East Anglia (UEA)
- University of Leeds
1. London School of Economics and Political Science (LSE)
The London School of Economics (LSE) is among the top schools to attend if you want to earn a degree in economics. It is known for academic prowess and is one of the top institutions in the world. It consistently tops Times Higher Education’s list of UK universities for economics.
One of the world’s biggest and most well-known economics departments is the one at LSE. Its top-ranked European faculty includes professors and graduates who have won 13 Nobel Prizes. The department has a strong reputation, and its research has influenced how people around the world perceive important global issues like climate change, economic insecurity, development, and growth.
LSE grants degrees in economics, finance, and allied fields at the undergraduate and graduate levels, including
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- Finance and Economics of Real Estate
- Global Economy and Financial Markets
- Worldwide Economics
- Public Policy and the Political Economics of it
- Mathematical Economics and Econometrics
2. UCL (University College London)
World-class economists that make important contributions to their professions are known to come from UCL. Some of the most important economists in Britain teach students at UCL. The institution also has a vibrant research community that aids in the development of fresh perspectives on society and the economy.
The UCL Economics Department offers undergraduate and graduate-level economics courses with a variety of extra modules, including:
- Applied Economics and Global Finance
- Economic History, Financial Economics, and Development Economics
- Economics and policy of health
- Ecological Economics and Policy
- Industrial Management and Organization
- Public Policy and Labor Economics
- Finance, Banking, and Money
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3. The University of Warwick
World-class economists that make essential contributions to their professions are known to come from UCL. Some of the most influential economists in Britain teach students at UCL. The institution also has a vibrant research community that aids in the development of fresh perspectives on society and the economy.
The UCL Economics Department offers undergraduate and graduate-level economics courses with a variety of extra modules, including:
- Applied Economics and Global Finance
- Economic History, Financial Economics, and Development Economics
- Economics and policy of health
- Ecological Economics and Policy
- Industrial Management and Organization
- Public Policy and Labor Economics
- Finance, Banking, and Money
4. The University of Manchester
Manchester is a highly regarded institution that provides students with excellent instruction and facilities. When it comes to teaching and research, the university is among the best in the world. Also, it has a solid reputation for having a varied student body, which makes it simple for students from various backgrounds to fit in.
You will gain from the University of Manchester’s solid reputation for research and teaching quality as well as the support of top experts within the department. The goal of the university is to raise society’s and the next generation’s quality of life.
The following Economics programs are available at the University of Manchester:
- Economics and Finance
- Economics and Philosophy
- Economics and Politics
- Economics and Social Statistics
- Economics and Sociology
- Development Economics and Policy
- Financial Economics
5. The University of Edinburgh
One of the top universities in the nation to study economics is the University of Edinburgh, which is ranked ninth among all universities in the United Kingdom. The university is a highly sought-after destination for students in the field due to its reputation for research.
The university also provides outstanding teaching possibilities, with small classrooms where students receive individualized attention from instructors and big courses where students can mingle during lectures or discussion sections. More than 168,000 students from more than 100 nations attend the university. They supply three master’s degree programs:
- MSc Economics
- MSc Economics (Finance)
- MSc Economics (Econometrics)
6. King’s College London (KCL)
One of the UK’s top institutions of higher learning in economics is King’s College London (KCL). The university has a good standing in the field of economics. It is also well known for its research and instruction. One of the UK’s oldest economics departments is located at King’s College London. The division offers the following courses:
- Enterprise Economics
- Economies on a small and large scale
- Worldwide Economics
- Economic Mathematical Techniques (MMME).
- Quantitative Techniques in Economics
- Political economy’s use of quantitative methods
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7. The University of York
In the United Kingdom, this university is a significant research-oriented institution. In addition to this, it is one of the best colleges in the field of economics. It also enjoys a solid reputation for instruction and learning and is among the UK universities with the greatest levels of student satisfaction.
This university equips its students to succeed in the workplace by giving them the skills they need to succeed. Its world-class economics department generates excellent research and innovation. Through this department, students may participate in the following programs:
- Econometrics and Economics
- Finance and economics
- Financial, Economic, and Econometric Theory
- Mathematics and economics
- History/Economics
- Finance and Mathematics
- Philosophy and Economics
- Philosophy, politics, and economics
8. University of Nottingham
The University of Nottingham provides top-notch international education while equipping its students with the knowledge and abilities to become effective leaders and reflective global citizens. Our university is dedicated to innovation, social responsibility, and excellence.
It makes sure to keep up with the rapidly evolving sector while preserving and enhancing the local areas where they are situated. The University of Nottingham offers the following undergraduate economics programs:
- Economics, BSc
- Economics and Econometrics, BSc
- Economics and International Economics, BSc
- Economics with French, BA
- Economics with German, BA
- Economics with Hispanic Studies, BA
- Economics and Philosophy, BA
- Philosophy, Politics and Economics, BA
- Mathematics and Economics, BSc
- Politics and Economics, BA
Postgraduate Programmes:
- Economics, MSc
- Behavioural Economics, MSc
- Economics and Econometrics, MSc
- Financial Economics, MSc
- International Economics, MSc
- Economics, GDip
- Economic Development and Policy Analysis, MSc
- Development Economics, MSc
9. Queen Mary University of London
One of the top universities in the UK with a strong emphasis on research is this one. But, aside from that, it is also among the top universities in the discipline of economy. Moreover, according to the QS Subject Rankings 2018, this university is among the top 50 universities for law, drama, and English.
Although it has five campuses in London, it also has locations in China, Malta, and Paris. It is recognized to be a truly international institution. The following economics courses are available at Queen Mary University of London:
- Economics, BSc (Econ) (Hons)
- Economics and Finance, BSc (Econ) (Hons)
- Economics, Finance, and Management, BSc (Econ) (Hons)
- Economics and Politics, BSc (Econ) (Hons)
- Economics and International Finance, BSc (Econ) (Hons)
- Economics, Statistics and Mathematics, BSc (Econ) (Hons)
- Mathematics, Statistics and Financial Economics, BSc (Hons)
- Finance BSc (Econ) (Hons)
- Graduate Diploma in Finance and Economics, GradDip
- Accounting and Finance, BSc (Hons)
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10. University of Birmingham
A Birmingham-based public research university with a long history of excellence. Their intention is to motivate and inspire others to take meaningful action. A global university, University of Birmingham offers a wide range of undergraduate and graduate degrees. It is also well-regarded in the subject of economics, and it offers the following degree programs and courses:
- Economics, BSc
- Economics with German, BSc
- Economics with Spanish, BSc
- Mathematical Economics and Statistics BSc
- Money, Banking and Finance, BSc
- Economics and Political Science, BSc
- Policy, Politics and Economics, BA
11. University of Bristol
This university, which was ranked among the top 50 universities in the world in the QS World University Rankings 2020, gives its students the tools they need to thrive in their careers and in life.
This university’s economics department is of the highest caliber, producing excellent research and original ideas. The following are the programs this department provides for its gifted students:
- BSc Economics
- BSc Economics and Accounting
- BSc Economics and Econometrics
- BSc Economics and Finance
- BSc Economics with Study in Continental Europe
Postgraduate Programmes
- MSc Accounting and Finance
- MSc Banking, Regulation and Financial Stability
- MSc Economics
- MSc Marketing
- MSc Economics and Finance
- MSc Finance and Investment
- MSc Global Operations and Supply Chain Management
12. University of St Andrews
One of the oldest universities in the UK is the University of St Andrews, whose economics department has a solid reputation for both teaching and research. The department’s faculty comprises some prominent economists and it offers undergraduate, postgraduate, and research programs.
Students in the department have the chance to work on various research projects, with a strong emphasis on theoretical and empirical research.
- BSc Economics
- BSc Economics and Accounting
- BSc Economics and Econometrics
- BSc Economics and Finance
- BSc Economics with Study in Continental Europe
13. University of Bath
A research-intensive university with a renowned economics department is the University of Bath. The department’s faculty comprises prominent economists, offering undergraduate, postgraduate, and research programs.
Students in the department can engage in various research projects because the department significantly emphasizes theoretical and applied research.
- Economics, BSc (Econ) (Hons)
- Economics and Finance, BSc (Econ) (Hons)
- Economics, Finance, and Management, BSc (Econ) (Hons)
- Economics and Politics, BSc (Econ) (Hons)
- Economics and International Finance, BSc (Econ) (Hons)
- Economics, Statistics and Mathematics, BSc (Econ) (Hons)
- Mathematics, Statistics and Financial Economics, BSc (Hons)
- Finance BSc (Econ) (Hons)
- Graduate Diploma in Finance and Economics, GradDip
- Accounting and Finance, BSc (Hons)
14. University of East Anglia (UEA)
The University of East Anglia is a research-heavy institution with a reputable economics program. The department’s faculty comprises some prominent economists and it offers undergraduate, postgraduate, and research programs.
Students in the department have the chance to work on various research projects, with a strong emphasis on theoretical and empirical research. The department also places a lot of emphasis on environmental economics and sustainability.
- Econometrics and Economics
- Finance and economics
- Financial, Economic, and Econometric Theory
- Mathematics and economics
- History/Economics
- Finance and Mathematics
- Philosophy and Economics
- Philosophy, politics, and economics
15. University of Leeds
The University of Leeds is a top-ranked institution that offers an excellent economics program. The Leeds University Business School covers a range of topics, including micro and macroeconomics, econometrics, and international economics. The program also emphasizes the use of data analysis and quantitative methods, preparing students for careers in the private or public sectors.
Frequently Asked Questions
Most economics degrees are three years long, studies as a BSc or BA.
The London School of Economics and Political Science (LSE) is consistently named by Times Higher Education as the top university in the UK for economics. One of the world’s biggest and most well-known economics departments is the one at LSE.
With a few years of experience and a degree in economics, the typical starting wage is between £25 and £30,000. Nevertheless, once you have established yourself in the field, this salary quickly increases to over £40,000. Senior economists working in the economy’s public or private sectors may earn between £50,00 and £70,000!
What is the salary of a graduate economist? In the United Kingdom, the average graduate economist income is £34,135. To view Graduate Economist wages in your area, use the location filter. Pay estimates are based on 18 salaries that Graduate Economist employees anonymously provided to Glassdoor.
Conclusion
There you have it, the 15 best universities for economics in the UK. Whether you’re interested in theoretical or applied economics, there’s sure to be a university on this list that meets your needs.
These universities have exceptional economics departments with outstanding faculty, cutting-edge research opportunities, and a strong reputation for academic excellence. By studying at one of these universities, you’ll be well-equipped to pursue a successful career in economics and make a meaningful contribution.
References
- Best Universities for Economics in the UK in 2023 – myunisearch.com/blog
- Best Universities for Economics in UK – www.studying-in-uk.org
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