MIT is ranked No.1 university worldwide for economics and business
Times Higher Education World University Rankings for 2019
“We are always delighted when the high quality of work going on in our School and across MIT is recognized,” and congratulate our colleagues in MIT Sloan with whom we share this honor."
— Melissa Nobles, Kenan Sahin Dean, MIT School of Humanities, Arts, Social Sciences
The Massachusetts Institute of Technology has taken the top spot for the "business and economics" subject category in the 2019 Times Higher Education World University Rankings.
MIT has also been ranked No. 2 in the world for “Arts and Humanities” for the second year in a row.
The "Business and Economics" ranking is based on an evaluation of the MIT Department of Economics — based in the MIT School of Humanities, Arts, and Social Sciences — and of the MIT Sloan School of Management.
The Times Higher Education ranking system determines a university’s quality in a given subject area by examining five areas: the learning environment; the volume, income, and reputation of its research; the influence of its citations in other research; the international outlook of its staff, students, and research; and its knowledge transfer to various industries.
The Times Higher Education World University Rankings is an annual publication of university rankings by Times Higher Education, a leading British education magazine. The rankings use a set of 13 rigorous performance indicators to evaluate schools both overall and within individual fields. Criteria include teaching and learning environment, research volume and influence, and international outlook.
“We are always delighted when the high quality of work going on in our School and across MIT is recognized,” said Melissa Nobles, the Kenan Sahin Dean of MIT SHASS,” and warmly congratulate our colleagues in MIT Sloan with whom we share this honor.
The “Business and Economics” ranking evaluated 585 universities for their excellence in business and management, accounting and finance, and economics and econometrics subjects. In this category, MIT was followed by Stanford University and the University of Oxford, United Kingdom.
“Being recognized as first in business and management is gratifying and we are thrilled to share the honors with our colleagues from the MIT Department of Economics and MIT SHASS,” said David Schmittlein, Dean of MIT Sloan.
MIT has long been a powerhouse in economics. For over a century, the Department of Economics at MIT has played a leading role in economics education, research, and public service and the department’s faculty have won a total of nine Nobel Prizes over the years. MIT Sloan faculty have also won two Nobels, and the school is known as a driving force behind MIT’s entrepreneurial ecosystem: companies started by MIT alumni have created millions of jobs and generate nearly $2 trillion a year in revenue.
Receiving awards in multiple categories and in categories that span multiple schools at MIT is a recognition of the success MIT has had in fostering cross-disciplinary thinking, Nobles said.
“It’s a testament to the strength of MIT’s model that these areas of scholarship and pedagogy are deeply seeded in multiple administrative areas,” said Nobles. “At MIT, we know that solving challenging problems requires the combined knowledge from many fields. The world’s complex issues are not only scientific and technological problems; they are as much human and ethical problems.”