So, you’ve decided that Economics is the degree for you. Great choice! 

Whether you’re interested in exploring how global markets work, understanding the complexities of government policy, or want to dive into the numbers behind businesses, an Economics degree opens doors to countless career paths. But before you can start dreaming about your future as a top Economist, you’ve got to figure out where to study.

In this blog, we’ll look at the best UK universities for Economics, with a special focus on London universities. We’ll also cover Economics degrees in more detail – what you’ll study, whether Economists are in demand, and weigh-up if it’s all worth it.

Studying Economics in the UK: The Best Universities

Studying Economics in the UK opens up loads of career opportunities. The UK is home to some of the world’s top universities, including Russell Group institutions like Oxbridge, UCL and LSE. Its position as a global financial hub (centred around the City of London) makes it an ideal location for students interested in economics, banking, finance and business. 

But what makes a particular university stand out? Let’s find out.

Which university is best to study Economics in the UK?

When choosing the best UK university for Economics, factor-in reputation, research opportunities, teaching quality, location and the student experience. With this in mind, economics courses at the Universities of Cambridge, Oxford, London School of Economics (LSE) and St Andrews come out on top. At these unis, you’ll find centuries of tradition inspiring world-leading research and cutting-edge thinking. 

Here are the top ten UK universities for economics, as ranked by the Complete University Guide.

1. University of Cambridge

• Why Cambridge? Cambridge is renowned worldwide for its exceptional Economics BA Hons, blending a research-driven approach with academic rigour. If you’re looking for an environment at the cutting edge of economic theory (covering core, pure and applied economics), Cambridge should top your list.
• What’s Special? The university has a small, close-knit faculty offering personalised attention to students. Cambridge is consistently ranked first in the country for Economics, with a focus on theoretical foundations and rigorous analysis.

2. London School of Economics and Political Science (LSE)

• Why LSE? LSE stands as one of the most prestigious institutions in the world for Economics. They offer an applied approach to their Economics BSc, focusing on global issues and policy-making. Its connections with the financial and political world in London are unparalleled. But as a result, it’s one of the hardest unis to get into in the country!
• What’s Special? If you want to pursue a career in finance, consulting or public policy, LSE’s central London location and strong ties to the business world give exceptional networking opportunities. Graduates are highly sought after by top international firms.

Thinking of applying to LSE? We’ve got a complete admissions guide as well as comparisons with Imperial and UCL.

3. University of Oxford

• Why Oxford? Oxford offers deeply theoretical Economics courses focusing on economic theory, quantitative skills and research. They combine Economics with other subjects (such as Politics and Philosophy, Management and History), so it’s perfect if you’re interested in Economics in context.
• What’s Special? The university is famous for its tutorial system, providing students with an incredibly personalised education. It’s ideal for those who want to delve into deep economic analysis as well as its broader applications – offering regular one-on-one sessions with world-class academics.

4. University of St Andrews

• Why St Andrews? Known for its intimate learning environment (surrounded by beautiful North Sea beaches) and outstanding student satisfaction, St Andrews offers a balanced Economics degree with theoretical and practical application. As part of their Business School, St Andrews provides both BSc Hons and MA Hons Economics options, depending on whether you want to study additional science or humanities subjects.
• What’s Special? Despite its smaller size, St Andrews is consistently ranked as one of the UK’s top five universities for Economics. The uni provides close access to professors and a strong focus on interdisciplinary learning. Student traditions like “Raisin Weekend” and the “May Dip” add a bit of fun too!

If you’re considering St Andrews, don’t miss our complete guide to this excellent Scottish university. We’ve also explained the difference between BSc Hons and BA Hons degrees (as well as their pros and cons), if you’re deciding between them.

5. University of Warwick

• Why Warwick? Warwick’s Economics Department is one of the strongest in the UK, renowned for its focus on quantitative methods and research-driven approach. It’s a great choice for students interested in economic modelling, econometrics and economic policy.
• What’s Special? With strong links to the business world and opportunities for internships and placements, Warwick ensures its students are well-equipped for the job market. Its reputation for research quality means you’ll learn from leading experts in the field. But as a campus university, it’s still got a wonderfully student-focused feel.

6. University College London (UCL)

• Why UCL? Located in the heart of London, UCL’s Economics Department is famed for its academic rigour and real-world applications (especially relating to government policy). As well as their BSc in Economics, UCL offers several joint degrees, pairing Economics with subjects like Geography, Politics and Philosophy (PPE), Statistics and Finance and Business with East European Studies.
• What’s Special? UCL’s diverse student body, research excellence and connections to London’s thriving financial and policy sectors make it an excellent choice for students wanting to make an impact. It’s a great university for those looking to blend study with career development.

Interested in applying to UCL? Don’t miss our complete admissions guide as well as comparisons with Imperial and King’s College London.

7. Durham University

• Why Durham? Durham’s varied Economics courses strike a balance between theory and practical application, with a focus on developing analytical and quantitative skills. As well as a “pure” BSc in Economics, you can also study BA Hons degrees alongside Politics, Management or Politics and Philosophy (PPE). 
• What’s Special? The university’s reputation for high academic standards and world-leading research is complemented by its beautiful campus and supportive learning environment. There are plenty of opportunities for students to get involved in projects that tackle real-world economic issues. And the collegiate system at Durham helps to foster a close-knit academic community. What’s not to like?

8. King’s College London

• Why King’s College? With its prime location in central London, King’s College London offers an Economics degree combining strong theoretical foundations with practical applications. It’s an excellent choice for students who want to immerse themselves in the global financial hub of London.
• What’s Special? King’s College stands out for its connections to major financial institutions and research-driven approach. The university’s global outlook ensures that students gain a deep understanding of economic issues impacting local and international markets.

9. University of Bath

• Why Bath? Bath is a great option for students who want a comprehensive economics degree focusing on applied economics, econometrics and financial economics. The university has a great reputation for student satisfaction and offers a supportive learning environment.
• What’s Special? Bath’s combination of academic rigour and real-world focus sets it apart. It’s especially strong in econometrics (so strong maths skills is a bonus), helping students move into more strategic modelling and forecasting roles.

10. University of Leeds

• Why Leeds? Leeds is a fantastic option for students looking for a high-quality Economics BSc that balances theory and practicality (alongside an exciting student buzz). The university’s strong links with businesses and government agencies make it an ideal place for students looking for work experience while studying.
• What’s Special? Leeds is known for offering specialised modules in environmental economics and international trade. The city of Leeds itself also provides a dynamic and thriving student environment, with plenty of cafe culture, nightlife and opportunities for professional development.

Is an Economics degree worth it in the UK?

An Economics degree in the UK is a smart investment, offering benefits that last a lifetime. But we all know university tuition fees are expensive – and rising fast. So, is an Economics degree with it?

In our opinion, it’s still a resounding yes. First, consider the earning potential. Economists are in high demand worldwide across many industries, from finance to government. So as an Economics graduate, you can expect a competitive salary in sectors like banking, consultancy and policy-making.

But what about the value beyond money? Economics helps you understand how the world works. It builds essential skills like analytical thinking, problem-solving and data interpretation. Which are all highly sought after by employers (especially if you secure a great degree classification like a First Class or a 2:1). 

Plus, Economics graduates are versatile. The subject builds skills that can be applied to loads of jobs, from finance, accounting and law to international development and technology.

If university tuition fees are a barrier, consider an Economics degree apprenticeship – letting you earn while you learn.

Are Economists in demand in the UK?

Absolutely. Economists are in constant high demand in the UK. We have a thriving financial sector in the UK as well as a strong public sector and global influence in trade and development. These are all areas that rely on skilled Economists. 

Key industries like banking, insurance, policy analysis and consulting all need Economics graduates. In particular, Economics graduates bring expertise in data analysis, forecasting and market behaviour – skills that are increasingly sought after in sectors ranging from government to tech startups.

So whether you’re looking to work in London, elsewhere in the UK or abroad, Economics graduates have incredibly strong job prospects.

Studying Economics in the UK: Focus on London Universities

London is the beating heart of the UK’s economy. It’s also home to some of the best universities for studying Economics. These institutions offer a unique mix of world-class academic programs and unrivalled access to financial, media, government and technology industries.

So, how do leading London universities stack up? Let’s take a closer look.

What is UCL Economics ranked?

UCL (University College London) is consistently ranked among the top ten universities for economics in the UK. According to the Complete University Guide, UCL ranks 6th overall for economics in the UK.

UCL is also highly rated for its graduate prospects (8th in the country), making it a great option for students interested in securing competitive jobs after graduation. 

However, it’s worth noting that UCL ranks lower for student satisfaction (50th), which might be a factor to consider. So it’s definitely worth heading to an open day (and chatting with current students if possible) to see if it’s the right environment for you. 

Is UCL Economics hard to get into?

Yes, getting into UCL Economics is competitive. It has an offer rate of 32% which means one in three applicants gets onto the course. With such a strong academic reputation and excellent career prospects, UCL attracts thousands of applications each year. To gain a place, you’ll need an excellent academic record, particularly in Economics and Maths A Levels. A fourth subject such as Further Maths may also help you stand out.

It’s also worth noting that to get into UCL, you’ll also need a strong personal statement demonstrating your passion for the subject. Related extracurricular activities, work experience and achievements (demonstrating key skills like analysis, problem-solving and teamwork) will also help. 

What A levels do you need for UCL Economics?

For the UCL BSc Hons in Economics, typical A Level requirements are A*AA, with a preference for subjects like Maths, Further Maths and Economics. For entry, you must achieve an A* in Maths. If you take Economics at A Level, this has to be at least an A grade.

Here’s a more detailed breakdown:

• Maths: You’ll need an A* grade in Maths. A strong result in Further Maths is an added bonus.
• Economics: Optional, but if you take it, you’ll need at least an A grade.
• Additional subjects: UCL doesn’t ask for specific subjects (other than Maths), but exceptional grades in subjects like Further Maths, Physics, Philosophy, Politics or Geography could help.
• GCSEs: As well as A Levels, you’ll need a pass in GCSE Maths and GCSE English Language (equivalent to a grade 4).

Is UCL or LSE better for Economics?

Both UCL and LSE are recognised globally for their outstanding Economics programs, but they cater to different strengths and interests. 

LSE is renowned as a powerhouse in the social sciences, with Economics at its core. The university has a laser-sharp focus on the practical application of economic theory, offering unparalleled connections to the finance industry and policy-making bodies. On the other hand, UCL provides a broader global academic environment, letting you explore economics alongside other fields. 

Economics at UCL vs LSE: Key Differences to Consider

• Global reputation: Both universities have strong international standings, but LSE is more prestigious within economics and finance circles.
• Focus: LSE emphasises practical economics and industry connections, while UCL offers a balance of theory and application with room to explore other subjects.
• Flexibility: UCL often provides more module options and opportunities to pursue joint degrees or electives in other humanities and social science areas.
• Career aspirations: For high-impact roles in finance, policy, or consultancy, LSE’s professional network is a game-changer. For those leaning towards research, academia, or diverse career paths, UCL offers a broader perspective.

Is UCL as good as Harvard?

While UCL is an excellent university, comparing it to Harvard is tricky because they offer different experiences. 

Harvard is widely regarded as one of the top universities in the world, and its economics department is legendary for its research output and global influence. That said, UCL is still highly ranked in the UK (6th overall) and offers a world-class education in economics. It’s particularly well-regarded for its research quality and access to industries in London, which provides its own advantages. 

So while Harvard might be the stronger choice globally, UCL stands out as a top option within the UK and Europe.

Is Oxford or LSE better for Economics?

Oxford and LSE are two of the most prestigious institutions in the world, but their approaches to economics differ significantly. 

Oxford’s economics offering is part of Philosophy, Politics, and Economics (PPE), Economics and History, or Economics and Management degrees. So if you enjoy examining economics in a broader context (linking it to politics, philosophy, history or business) Oxford is a great fit.

LSE, on the other hand, focuses on economics as a standalone discipline. While you’ll also find joint degrees here, LSE excels at delivering a rigorous, mathematically intensive economics program. It’s heavily applied in its approach, equipping students with tools to address real-world challenges.

So if your goal is to pursue a career in finance, policymaking, or global economic development, LSE’s industry connections and location in the heart of London are hard to beat.

Economics Oxford vs LSE: Key Factors to Consider

Course structure

• Oxford: Economics is integrated into broader programs like PPE, offering flexibility to study related subjects and gain a holistic understanding of societal issues.
• LSE: A specialised economics program, deeply rooted in quantitative methods and practical applications.

Reputation and focus

• Oxford: Globally renowned across disciplines, with economics highly respected but seen as part of its broader academic offerings.
• LSE: Known as the gold standard for economics and social sciences, particularly for those seeking careers in finance, consultancy or international relations.

Learning style

• Oxford: Tutorials (small, discussion-based sessions) encourage critical thinking and in-depth exploration of topics, ideal for students who thrive in personalised settings.
• LSE: Lectures and seminars focus on data analysis, mathematical modelling, and economic theory application, preparing you for high-pressure, data-driven environments.

Career aspirations

• Oxford: Perfect for careers in politics, public administration or academia, where interdisciplinary knowledge is a plus.
• LSE: A launching pad for roles in investment banking, corporate strategy, and global policymaking, thanks to its industry connections and alumni network.

Is City, University of London good for Economics?

City, University of London ranks 49th in the UK for economics, placing it within the top 50. While it doesn’t have the same global reputation as UCL or LSE, City University still offers a solid economics program with strong ties to the London business and financial sectors.

• • Research Quality: City ranks well for research quality (42nd), suggesting a highly-engaged faculty involved in cutting-edge research.
  • Specialisms: City’s BSc in Economics focuses on areas like finance and international economics, making it a good choice for students looking for a career-driven degree.

• Entry requirement: Entry requirements are lower than many other economics degrees. You’ll just need BBB (or 120 UCAS points) to secure a place on the course.

While it’s not in the same league as the top-tier universities, City University of London is a solid choice for those who want to study economics in the heart of London without the competitive acceptance rates of LSE or UCL.

Are you considering an Economics degree?

Choosing where to study Economics is an exciting but daunting decision. Whether you’re drawn to the academic prestige of Oxford and Cambridge, the professional focus of LSE, or the global research opportunities at UCL, the UK offers a wealth of world-class institutions. 

If you need help preparing for university, our expert academic coaching services will support you with everything from UCAS applications to exam prep and early-career coaching. Get in touch today and let’s get your Economics journey off to the best possible start.