Best Universities for Economics in the UK

Why study Economics at university?

Economics is the study of the production, distribution, and consumption of goods and services. It is an excellent subject choice for students interested in understanding how markets work and how economic policies can affect society. Studying Economics at university will equip you with analytical and quantitative skills, which are highly valued in the business and finance industries.

For undergraduate studies:

There are multiple ways to study Economics at higher level. Undergraduate students should graduate within three years with a Bachelor of Science (BSc) or a Bachelor of Arts (BA). Usually, the BSc considers Economics through a predominantly mathematical and technical lens, whereas the BA applies more of a social science approach.

For postgraduate studies:

If you complete a Masters in Economics, you will graduate within one year with a Master of Economics (MPhys), a Master of Science (MSci), or a Master of Arts (MA) depending on your chosen programme. You can also embark on a four-year journey to earn a PhD and Doctor title.

If you’re interested in studying Economics at university but need some help meeting the entry requirements for degree-level Economics, then have no fear. Our dedicated and friendly team at The Profs can match you with expert Economics tutors. We are experienced and happy to help. After all, 95% of our clients get into their first or second choice university!

What career can I use an Economics degree for?

Economics is a component of Business and is often considered to be a social science. It is a highly respected degree that can open up many career opportunities within the field of Economics and beyond.

Economics students are sought after in industries such as finance, consulting, government, non-profit, and technology. Economics equips students with many valuable transferable skills. Some popular career choices for Economics graduates include:

  • Management Consultant
  • Economist
  • Financial Analyst
  • Policy Analyst
  • Actuary
  • Data Analyst
  • Market Research Analyst
  • Accountant
  • Business Development Manager

What are the most popular Economics programmes?

Economics covers a broad range of fields, including microeconomics, macroeconomics, and econometrics. Within your degree, you might be able to select modules in focussed areas that interest you. If you pursue a postgraduate in Economics, you might be able to select a more specialised degree title. Some of the most popular subjects within Economics include:

  • Microeconomics Studies
  • Macroeconomics Studies
  • Econometrics
  • International Economics
  • Development Economics
  • Behavioural Economics
  • Business Economics
  • Financial Economics
  • Environmental Economics
  • Labour Economics

What are the best universities in the UK for Economics?

The UK offers a wide range of prestigious universities with impressive academic rankings and excellent Economics departments.

Below is a list of the top universities for Economics within Britain and Northern Ireland. These universities ranked highly on league tables and have top Economics departments. All of them have outstanding reputations for innovative research and esteemed teaching, and their graduates are highly sought after by employers. If you’re interested in studying Economics at any of these universities but feel intimidated by the high entry requirements and competitive application process, reach out to our helpful admissions team at The Profs.

All that said, make sure that you look beyond league tables. You should also choose your university based on what’s suited to you and makes you happy. Consider location, societies, activities, and learning style to ensure you choose an institution matching your interests.

Take a look at the best UK universities for Economics:

University of Oxford

The University of Oxford offers a highly respected Economics programme that is known for its rigorous coursework and excellent faculty. Oxford’s Department of Economics is a leading research centre, with a strong focus on macroeconomics, microeconomics, and econometrics. Students also benefit from the university’s strong links to the financial industry.

The Economics course at Oxford University is currently ranked (2023):

The entry requirements for studying Economics at Oxford are A*AA A levels (equivalent qualifications are also accepted) including Maths. Further information can be found here.

University of Cambridge

The University of Cambridge is renowned for its Economics programme, which is consistently ranked among the best in the world. Cambridge’s Faculty of Economics is a leading research centre that offers students unparalleled opportunities to engage in innovative research and collaborate with leading scholars in the field. Students also benefit from the university’s strong ties to the financial industry.

The Economics course at Cambridge University is currently ranked (2023):

The entry requirements for studying Economics at Cambridge University are A*A*A A levels (equivalent qualifications are also accepted) including Maths. Further information can be found here.

London School of Economics

The London School of Economics and Political Science is a globally acclaimed institution for the study of economics, with a faculty that includes many of the leading scholars in the field. LSE’s Department of Economics is a top-ranked research centre, with a strong focus on microeconomics, macroeconomics, and econometrics. Beyond this, LSE offers a range of prestigious degree apprenticeships. Students also benefit from the university’s location in London, with its proximity to the financial industry and policy-making institutions.

The Economics course at LSE is currently ranked (2023):

The entry requirements for studying Economics at LSE are A*AA A levels (equivalent qualifications are also accepted) including an A* in Maths. Further information can be found here.

Don’t forget to check out our founder’s video on how to get into LSE for Economics, as well as our previous blog on the subject.

University College London (UCL)

The Economics programme at University College London is highly regarded as it combines rigorous coursework with opportunities to engage in forward-thinking research. UCL’s Department of Economics is a leading research centre that is known for its work in microeconomics, macroeconomics, and behavioural economics. Like LSE, UCL’s location in London offers close proximity to the financial industry and policy-making institutions.

The Economics course at UCL is currently ranked (2023):

The entry requirements for studying Economics at UCL are A*AA A levels (equivalent qualifications are also accepted) including an A* in Maths. Further information can be found here.

Warwick University

The University of Warwick is a highly respected place to study Economics; it is known for its innovative teaching methods and interdisciplinary approach. Warwick’s Department of Economics is a leading research centre. It is respected for its work in microeconomics, macroeconomics, and econometrics. Warwick has strong connections with the financial industry.

The Economics course at Warwick is currently ranked (2023):

The entry requirements for studying Economics at Warwick are A*A*A A levels (equivalent qualifications are also accepted) including an A* in Maths. Further information can be found here.

St Andrews University

The University of St Andrews combines a comprehensive understanding of economics with a focus on critical thinking and analytical skills. St Andrews’ School of Economics and Finance is a leading research centre; it considers microeconomics, macroeconomics, and behavioural economics.

The Economics course at the University of St Andrews is currently ranked (2023):

The entry requirements for studying Economics at St Andrews University are AAA A levels (equivalent qualifications are also accepted). Further information can be found here.

Durham University

Durham University offers an excellent Economics programme that is known for its interdisciplinary approach and focus on real-world issues. Durham’s Department of Economics is a highly respected leading research centre, working in macroeconomics, microeconomics, and finance.

The Economics course at the University of Durham is currently ranked (2023):

The entry requirements for studying Economics at Durham are A*AA A levels (equivalent qualifications are also accepted) including Maths. Further information can be found here.

Please note that other excellent universities in the United Kingdom for Economics include King’s College London, Bath University, Leeds University, Nottingham University, Edinburgh University, London Business School, and Imperial College London. These also place among the top league tables for Economics.

How do I get into one of these top universities for Economics?

Getting into one of the top universities for Economics is competitive, but there are things you can do to improve your chances. Here are some tips:

  • Study hard and achieve high grades, especially in Maths.
  • Get involved in extracurricular activities that are subject-specific. This could mean charity fundraising, joining a Maths club, or engaging in something entrepreneurial e.g. running a phone screen fixing service for students. Relevant work experience could also be valuable.
  • Put time and effort into your university application, tasks, and interviews.
  • Consider seeking advice from The Profs.

If you are interested in studying Economics at one of the top universities in the UK, The Profs are here to help. We offer excellent Economics tutors, as well as expert guidance on university applications, including personal statement writing and interview preparation. Reach out to our friendly team today!

FAQ

What are the top universities to study Economics in the UK?

The UK universities with the highest rankings for Economics are mentioned in this article. Consistently top-ranking universities for studying Economics are Oxford, Cambridge, LSE and UCL.

Is an Economics degree a good choice in the UK?

Yes, an Economics degree is a good choice in the UK as it equips students with a range of transferable skills, such as critical thinking, problem solving, and data analysis, that are highly valued in many industries. However, you should only choose Economics if you enjoy Maths and excel at it.

Can I study Economics at university without an Economics A level?

Most universities do not ask for an Economics A level. Instead, the majority of universities require you to have a Maths A level with a high grade. Prestigious universities often expect an A* or an A in Maths.

What jobs can I get with an Economics degree? Is an Economics degree useless?

An Economics degree is not useless by any means, as it equips students with valuable skills that are highly sought after by employers. It can lead to a wide range of career opportunities, including roles in finance, consulting, government, non-profit, and technology. Some popular career choices for Economics graduates include investment banker, management consultant, economist, financial analyst, and policy analyst.

How difficult is an Economics degree?

An Economics degree is Mathematically demanding. It can be challenging, as it requires analytical and quantitative skills. However, with dedication and hard work, students can succeed and benefit from the rewarding career opportunities that come with an Economics degree.

Which Economics degree is best?

The Economics degree that is best for you depends on your interests and career goals. Top universities offer a range of Economics degrees, including Bachelor of Arts (BA), Bachelor of Science (BSc), and Master of Science (MSc) degrees, each with its own focus and specialisations. It is important to research and consider the specific programme and curriculum that best aligns with your goals.