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Admission Guide

Best Universities for Economics in UK

March 18, 2025 8 Mins Read
Updated On: May 16, 2025
best universities for economics in uk

Table of Contents

  • Top Universities for Economics in UK
    • The London School of Economics and Political Science (LSE)
    • University of Warwick
    • University of Cambridge
    • University of Oxford
    • University College London
  • Conclusion
  • Frequently Asked Questions
    • Which university is best for studying Economics in the UK in 2025?
    • Is it hard to get into top Economics universities like LSE or Oxford?
    • What is the average tuition fee for Economics courses in the UK for international students?
    • Which UK universities offer the best graduate employability for Economics students?
    • What are the top specializations in Economics offered by UK universities?
    • Are scholarships available for international students studying Economics in the UK?

Thinking about studying Economics in the UK but not sure where to start? You’re in the right place! The UK is home to some of the world’s most respected economics departments, taught by top academics and backed by powerful industry connections. Whether you dream of walking the halls of Oxford, want to study policy at LSE, or explore global finance at Warwick or UCL—this guide breaks it all down for you. From rankings and acceptance rates to tuition fees and career outcomes, we’ve made it super simple to help you find your perfect fit. Let’s dive in!

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Top Universities for Economics in UK

The London School of Economics and Political Science (LSE)

    Founded in 1895, LSE is one of the world’s top social science universities. Located in the vibrant city of London, the university has over 11,000 students from 140+ countries. With a selective acceptance rate of around 9%, LSE is highly competitive. Its Department of Economics is known for influencing real-world policy, working closely with governments, financial institutions, and organizations like the IMF and World Bank.

    LSE economics graduates are among the most employable in the world, with an employment rate of over 94% and an average starting salary of around £35,000–£40,000. Below are the key details of The London School of Economics and Political Science (LSE):

    Feature Details 
    Location London, England 
    Founded 1895 
    World Ranking #7 
    Acceptance Rate Approximately 9% 
    Total Enrollment Around 11,000 students 
    International Students Over 70% of the student body 
    Graduate Employment Rate Over 94% 
    Average Starting Salary £35,000–£40,000 
    Popular Economics Fields Political Economy, Financial Economics, Development Economics 
    Industry Links IMF, World Bank, Bank of England 
    Notable Alumni George Soros (Philanthropist), Ursula von der Leyen (President of the European Commission) 

    University of Warwick

      Located in Coventry, just 20 miles from Birmingham, the University of Warwick has solidified its place as one of the UK’s top-tier institutions. In 2025, Warwick ranks 69th in the QS World University Rankings and continues to be a leading choice for international students, with a growing population of over 9,500 international students from 150+ countries.

      Known for its excellence in Business, STEM, Social Sciences, and cutting-edge research, Warwick also partners with global employers and offers one of the highest graduate employment rates in the UK. The university is home to the Warwick Business School (WBS)—ranked among the best in Europe—and has earned a gold rating in the Teaching Excellence Framework (TEF). Following are the key details of University of Warwick:

      Category Details 
      Location Coventry, West Midlands (approx. 20 miles from Birmingham) 
      QS World Ranking 2025 69th globally 
      UK Ranking (Complete Univ. Guide) 9th nationally 
      Total Enrollment 29,000+ students 
      International Student Population 9,500+ students from over 150 countries 
      Top Departments Warwick Business School, Engineering, Computer Science, Law, Politics 
      Popular Courses Business Analytics, International Relations, Data Science, Mechanical Engineering, Law 
      Undergraduate Tuition Fees £22,280 – £28,410 per year for international students 
      Postgraduate Tuition Fees £24,000 – £40,000 per year (depending on course) 
      Acceptance Rate Approximately 14% 
      Graduate Employability 94% employed or in further study within 6 months of graduation 
      Top Recruiters Deloitte, PwC, Accenture, HSBC, Google, Rolls Royce 
      English Language Requirements IELTS: 6.5–7.0; TOEFL iBT: 92–100; Duolingo: 115+ 
      Scholarships for Int’l Students Warwick Undergraduate Global Excellence Scholarship, Chevening, GREAT 
      Application Deadline January 15, 2025 (UCAS – for undergraduate programs) 
      Campus Life Over 250 student societies, Warwick Arts Centre, modern labs, on-campus housing 
      Accommodation Costs £4,600 – £9,500 per year (on-campus), £500–£850/month (off-campus, Coventry) 
      Notable Alumni Stephen Merchant (actor/writer), Ruth Jones (co-creator of Gavin & Stacey), Baroness Valerie Amos 
      Teaching Excellence Framework Gold Award (2023 TEF) 

      University of Cambridge

        Although it’s about 100 miles from Birmingham, the University of Cambridge is an academic icon that continues to shape the future of global education. Founded in 1209, Cambridge is consistently ranked among the top 5 universities in the world and is a dream destination for ambitious students. In 2025, it continues to attract some of the brightest minds from around the globe, with over 24,000 students and more than 40% of postgraduate students coming from overseas. 

        Cambridge stands out for its rigorous academic structure, groundbreaking research, and influential alumni, including 121 Nobel Prize winners, 15 British Prime Ministers, and innovators in nearly every field. Its unique collegiate system creates a supportive learning environment with smaller communities inside the larger university—each with their own libraries, accommodations, and traditions. Following are the key details of University of Cambridge: 

        Category Details 
        Location Cambridge, Cambridgeshire (approx. 100 miles from Birmingham) 
        QS World Ranking 2025 5th globally  
        UK Ranking (Complete Univ. Guide) 2nd in the UK 
        Year of Establishment 1209 
        Total Student Enrollment Approx. 24,500 students 
        International Students 9,000+ (including over 40% of postgraduate students) 
        Number of Colleges 31 autonomous colleges 
        Popular Courses Natural Sciences, Law, Engineering, Medicine, Economics, Computer Science 
        Top Departments Trinity College, King’s College, Judge Business School, Cavendish Laboratory 
        Undergraduate Tuition Fees £25,734 – £70,554 per year (varies by course; Medicine being the highest) 
        Postgraduate Tuition Fees £30,000 – £65,000/year (varies by faculty) 
        Acceptance Rate Around 21% overall; lower for competitive courses 
        Graduate Employment Rate 95% within 6 months (2024 data) 
        Top Recruiters McKinsey, Google, Goldman Sachs, NHS, Allen & Overy, Microsoft 
        English Language Requirements IELTS: 7.5 (min 7.0 in each component); TOEFL iBT: 110; Cambridge English: 191+ 
        Scholarships for International Students Gates Cambridge, Cambridge Trust, Chevening, College-specific awards 
        Student Life & Culture 500+ student societies, rowing clubs, global lecture series, and formal halls 
        Alumni Achievements 121 Nobel Laureates, 15 UK PMs, Charles Darwin, Stephen Hawking, Sylvia Plath 
        Accommodation Costs £6,000 – £9,500 per academic year (varies by college and room type) 

        University of Oxford

          Just 70 miles from Birmingham, the University of Oxford continues to be one of the most prestigious and competitive universities in the world. With a legacy spanning over 900 years (founded in 1096), Oxford stands as the oldest university in the English-speaking world.  In 2025, it ranks 3rd globally in the QS World University Rankings, attracting students from more than 160 countries. With over 24,000 students, including nearly 46% international postgraduate students, Oxford is as global as it is historic. 

          It has over 350,000 alumni, including 30 UK Prime Ministers, 28 Nobel Laureates, and numerous influential leaders in politics, science, literature, and business. Students also benefit from its 38 self-governing colleges, each offering its own community, housing, libraries, and events, making Oxford feel both vast and personal. Following are the key details of University of Oxford: 

          Category Details 
          Location Oxford, Oxfordshire (approx. 70 miles from Birmingham) 
          QS World Ranking 2025 3rd globally 
          UK Ranking (CUG 2025) 1st in the UK 
          Year of Establishment 1096 
          Total Student Enrollment ~24,000 students 
          International Student Ratio ~46% of postgraduate students are from outside the UK 
          Collegiate System 38 colleges and 6 Permanent Private Halls 
          Popular Courses PPE, Law, Medicine, Computer Science, History, Economics 
          Notable Departments Blavatnik School of Government, Said Business School, Nuffield Department of Medicine 
          Undergraduate Tuition Fees £35,000 – £59,000/year (varies by course; Medicine is highest) 
          Postgraduate Tuition Fees £24,000 – £49,000/year (depending on program) 
          Acceptance Rate Approx. 17% (much lower for competitive programs like Medicine or Law) 
          Graduate Employment Rate 95%+ employed or in further study within 6 months of graduation 
          Top Global Employers BCG, McKinsey, Oxford University Press, WHO, Goldman Sachs, UN, Allen & Overy 
          English Language Requirements IELTS: 7.0–7.5 (min 7.0 in each band); TOEFL iBT: 100–110; C1 Advanced: Grade A 
          Standardized Testing Most courses require admissions tests (e.g., LNAT, BMAT, MAT, TSA) 
          Scholarships for International Students Rhodes, Clarendon Fund, Ertegun, Chevening, Oxford-Weidenfeld 
          Accommodation Costs £7,500 – £10,000 per year (college-based housing) 
          Student Life 400+ student clubs/societies, debating unions, orchestras, international community 
          Alumni Highlights 30 UK Prime Ministers, 28 Nobel Laureates, 120 Olympic medalists 
          Teaching Awards & Research TEF Gold; ranked #1 in the UK for research output and impact (REF 2021) 

          University College London

            Located in Central London, just about 120 miles from Birmingham, University College London (UCL) is one of the most prestigious universities in the UK and a global leader in education and research. In 2025, UCL holds the 9th spot in the QS World University Rankings, and is widely recognized for its interdisciplinary approach, academic rigor, and commitment to tackling global challenges. Founded in 1826, UCL was the first university in England to admit students regardless of religion and gender—setting a progressive tone that still defines its identity today.

            UCL is home to more than 48,000 students, of which around 23,000 are international students from over 150 countries, making it one of the most diverse institutions in the UK. Its academic portfolio spans over 650 undergraduate and postgraduate programs, and its research output is among the highest in the country. Following are the key details of University College London (UCL):

            Category Details 
            Location Central London (approx. 120 miles from Birmingham) 
            QS World Ranking 2025 9th globally  
            UK Ranking (Complete University Guide) 6th nationally 
            Year of Establishment 1826 
            Total Student Enrollment Over 48,000 students 
            International Student Count ~23,000 from 150+ countries 
            Number of Academic Faculties 11 major faculties including Engineering, Laws, Life Sciences, Arts & Humanities 
            Popular Courses Architecture, Medicine, Law, Engineering, Social Sciences, Neuroscience 
            Top Departments Bartlett School of Architecture, UCL Medical School, Faculty of Laws, Institute of Education 
            Undergraduate Tuition Fees £22,000 – £34,000/year (varies by course; Medicine highest) 
            Postgraduate Tuition Fees £25,000 – £45,000/year (based on program and department) 
            Acceptance Rate ~30% (competitive programs have lower rates) 
            Graduate Employability 94% employed or in further study within 6 months of graduating 
            Top Recruiters NHS, PwC, BBC, Amazon, GSK, Deloitte, Barclays, McKinsey 
            English Language Requirements IELTS: 6.5–7.0 (minimum 6.0 in each component); TOEFL iBT: 92–100 
            Admissions Tests Varies by course (LNAT for Law, BMAT for Medicine, MAT/TSA for others) 
            Scholarships Available UCL Global Undergraduate Scholarship, Chevening, Commonwealth, GREAT 
            Accommodation Costs £7,000 – £12,000 per year (university halls); £800–£1,500/month (private) 
            Libraries 18 libraries including the Main Library, Cruciform Hub, and Science Library 
            Student Life 300+ societies, UCL Union events, volunteering & entrepreneurship programs 
            Notable Alumni Mahatma Gandhi, Alexander Graham Bell, Christopher Nolan, Chris Martin (Coldplay) 
            Teaching Awards TEF Silver, known for academic innovation and student outcomes 

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            Conclusion

            So, which university sounds like the right match for your goals? Whether it’s the career-focused programs at Warwick, the prestige of Cambridge or Oxford, the global outlook at UCL, or the policy-driven powerhouse that is LSE, each university brings something special to the table. What they all have in common? A strong track record in economics, excellent graduate outcomes, and exciting opportunities to learn, grow, and succeed.

            Once you’ve chosen your dream university, don’t forget about where you’ll live! University Living can help you find safe, affordable, and student-friendly accommodation near your campus. Explore verified properties, compare prices, and book your perfect student home—all in just a few clicks. Start your UK study journey the right way with University Living!

            Frequently Asked Questions

            Which university is best for studying Economics in the UK in 2025?

            The London School of Economics and Political Science (LSE) is considered the best for studying Economics in the UK in 2025. It ranks among the top globally for social sciences and has strong links with institutions like the IMF and World Bank.

            Is it hard to get into top Economics universities like LSE or Oxford?

            Yes, admissions are competitive. LSE has an acceptance rate of around 9%, and Oxford admits only about 17% of applicants, especially for in-demand courses like PPE or Economics and Management.

            What is the average tuition fee for Economics courses in the UK for international students?

            Tuition fees for international students range from £22,000 to £70,000 per year, depending on the university and course. Medicine-related Economics programs tend to cost more, especially at Oxford and Cambridge.

            Which UK universities offer the best graduate employability for Economics students?

            Top universities like LSE, Oxford, Cambridge, Warwick, and UCL all offer graduate employment rates over 94%, with many students placed at firms like Deloitte, McKinsey, IMF, and Goldman Sachs.

            What are the top specializations in Economics offered by UK universities?

            Some of the most popular Economics specializations include: 
            1. Political Economy 
            2. Financial Economics 
            3. Development Economics 
            4. Econometrics 
            5. Behavioural Economics 
            These are commonly offered at LSE, Warwick, Cambridge, and UCL.

            Are scholarships available for international students studying Economics in the UK?

            Yes, scholarships like Chevening, Clarendon Fund, Gates Cambridge, GREAT, and university-specific awards (e.g., LSE Graduate Support Scheme, Warwick Global Excellence Scholarship) are available for international applicants.

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