Three of the world's top five universities for business and economics are in the UK

Emma Haslett
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Oxford University is the UK's top institution to study business and economics at (Source: Getty)

Three British universities have made it into the top five of a global ranking of the 20 best institutions to study business and economics.

The University of Oxford, London Business School and the University of Cambridge took the third, fourth and fifth places respectively in the Times Higher Education's ranking.

However, they were beaten by Stanford University in first place and the Massachusetts Institute of Technology (MIT) in second.

The rest of the top 10 was made up by US institutions, including Harvard, the University of Chicago, Northwestern, the University of Pennsylvania and Berkeley.

The ranking takes into account subjects including business and management, accounting and finance, management and economics and econometrics.

Read more: For the first time ever the world's two top universities are in the UK

The best places to study business and economics

2018 2017 Institution Country
1 2 Stanford University United States
2 1 Massachusetts Institute of Technology United States
3 3 University of Oxford United Kingdom
4 - London Business School United Kingdom
5 7 University of Cambridge United Kingdom
6 5 Harvard University United States
7 4 University of Chicago United States
8 6 Northwestern University United States
9 9 University of Pennsylvania United States
10 8 University of California, Berkeley United States
11 10 Columbia University United States
12 12 Cornell University United States
13 NR New York University United States
14 14 Hong Kong University of Science and Technology Hong Kong
15 16 Carnegie Mellon University United States
16 13 National University of Singapore Singapore
17 18 Peking University China
18 15 University of Minnesota United States
19 19 University of British Columbia Canada
20 23 University of Mannheim Germany

Best MBAs

Earlier this year the Financial Times' ranking of global MBA programmes put Insead, in Paris, at the top, while the University of Cambridge's Judge Business School was at the top of the list for the UK, although it came fifth overall.

London Business School was the only other British business school to make it into the top 10 of the global ranking, while Alliance Manchester Business School came 30th and the Oxford's Saïd Business School came 33rd.

Read more: Ranked: These UK universities have produced the most millionaires

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