The Number One

U.S. News adds economics degree programs to its college rankings — and these seven schools tied for No. 1

The U.S. News 2024 undergraduate college rankings also feature business and finance programs. Here are the schools whose programs made the top 10.

Where should you study economics, business or finance? The latest college rankings from U.S. News seek to identify the top individual undergrad programs of study in the country, as well as the top undergraduate institutions overall.

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U.S. News released its college rankings on Monday, a much-anticipated annual ritual that sees it ranking undergraduate educational institutions throughout the U.S., as well as specific programs, such as business and finance studies.

And, for the first time, the list for 2024 also ranks undergraduate economics degree programs. So which school has the best undergrad programs for budding economists? There’s actually a seven-way tie for the top spot.

See also: What the backlash to the new U.S. News college ranking methodology is really about

These are the top undergraduate economics programs in the country, according to the U.S. News rankings:

School Economics program rank Tuition
Harvard University 1 (tie) $59,076
Massachusetts Institute of Technology 1 (tie) $60,156
Princeton University 1 (tie) $59,710
Stanford University 1 (tie) $62,484
University of California, Berkeley 1 (tie) $48,465
University of Chicago 1 (tie) $65,619
Yale University 1 (tie) $64,700
Columbia University 8 (tie) $65,524
University of Pennsylvania 8 (tie) $66,104
Northwestern University 10 $65,997

Harvard University, the Massachusetts Institute of Technology, Princeton University (which came out atop the U.S. News heap overall), Stanford University, the University of California at Berkeley, the University of Chicago and Yale University all tied for the top spot. And half of the universities in the top 10 are Ivy League institutions.

Don’t miss: The U.S. News college rankings for 2024 are out. Why does anyone care?

The news organization’s methodology for its rankings takes into account factors including graduation rates, first-year retention rates, the income of recent graduates compared with recent high-school diploma recipients, standardized-test scores and student-to-faculty ratio, among other measures.

As for other finance-related courses of study, the report highlights undergraduate business programs and finance programs. And you’ll see plenty of overlap among these top picks and the schools with the most lauded economics programs, even as some highly regarded institutions, such as the University of Chicago, eschew those more vocationally oriented undergraduate majors.

Here are the top undergraduate business programs, according to the U.S. News rankings:

School Business program rank Tuition
University of Pennsylvania 1 $66,104
Massachusetts Institute of Technology 2 $60,156
University of California, Berkeley 3 $48,465
University of Michigan 4 $57,273
New York University 5 $60,438
University of Texas at Austin 6 $41,070
Carnegie Mellon University 7 $63,829
Cornell University 8 $66,014
Indiana University 9 $40,482
University of North Carolina at Chapel Hill 10 $39,338

What’s more, many of these top undergraduate business programs were also featured high on the overall college ranking list, including MIT (No. 2), the University of Pennsylvania (No. 6) and Cornell (tied for 12th place).

Read more: Colleges pitch tuition payment plans as an alternative to loans, but they could come with high fees, watchdog warns

Some notable undergraduate alumni from these colleges who have made waves in business include Donald Trump, the former president, who went to the University of Pennsylvania’s Wharton School; Apple AAPL, +0.73% co-founder Steve Wozniak, who went to UC Berkeley; and Google GOOG, +2.23% GOOGL, +2.12% co-founder Larry Page, who attended the University of Michigan.

U.S. News also showcased schools that have the best finance programs at the undergraduate level. They are:

School Finance program rank Tuition
University of Pennsylvania 1 $66,104
New York University 2 $60,438
University of Michigan 3 $57,273
University of Texas at Austin 4 $41,070
Massachusetts Institute of Technology 5 $60,156
University of California, Berkeley 6 $48,465
Boston College 7 $67,680
University of North Carolina at Chapel Hill 8 $39,338
Carnegie Mellon University 9 $63,829
Indiana University 10 $40,482

To be sure, college rankings from U.S. News have become a hot-button topic in recent years. Some institutions, including Columbia University, have stopped sharing data with U.S. News.

Any school that says it won’t participate in the rankings does not necessarily disqualify itself from future U.S. News rankings, however. Columbia was 12th in the overall college rankings this year, for example, despite not sharing its data.

And dozens of medical and law schools pulled out of the rankings in recent years, including those at Yale and Harvard.

In response to criticism over its rankings, U.S. News updated its methodology this year to include items such as first-generation graduation rates. The rankings dropped admissions offices’ acceptance rates as a metric a few years ago.

U.S. News did not respond to MarketWatch’s request for comment.

The college rankings come as millions of U.S. student-loan borrowers are preparing to resume payments after a multiyear pause. Borrowers with federally managed student loans will likely have bills due in October — interest has again been accruing since Sept. 1.