Updated December 1, 2022

Business degrees, even at the undergraduate level, have a high rate of return for students-particularly degrees in economics, which is normally taught through an economics department housed in a business school. Business is an interesting field because, unlike many areas of study, it's not uncommon for students to participate in high level research projects at ... is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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Business degrees, even at the undergraduate level, have a high rate of return for students-particularly degrees in economics, which is normally taught through an economics department housed in a business school. Business is an interesting field because, unlike many areas of study, it's not uncommon for students to participate in high level research projects at the undergraduate level. This means students can start making a name for themselves in the business world earlier in their studies than many are able to in other fields.

Convenient Online Alternatives

These convenient online business degree programs are flexible and designed to mesh well with busy professional schedules. While not formally part of this ranking, consider these programs when time and location flexibility are a priority for you.

Degrees in either business and economics present those who have earned them with a great number of options. Business majors may start their own companies or find unique ways to apply their knowledge as a valued team member of an existing organization. Economics majors have a wide range of career options, including a choice between applied and theoretical economics. Applied economics can lead to high level jobs with companies, Wall Street firms, and the government. Theoretical economics can lead to high level engagement in the academic world. Both kinds of economists have the potential to greatly influence the modern world.

Resource: Top 10 Cheap Online Economics Degree Programs (Bachelor's) 2014

Ranking Methodology

Our list of the Top 25 Business and Economics degree programs is comprised of the 25 top ranked U.S. Universities in business and economics according to the Academic Ranking of World Universities released by the Center for World-Class Universities at Shanghai Jiao Tong University. The Shanghai style of ranking takes research performance heavily into consideration, and you will notice we make mention of the most highly regarded research indicators of each institution in the profiles below. For more information on the ARWU's ranking methodology, visit their methodology page.

In order to help students maximize the investment of their time and resources, we at Best Value Schools have ranked the list according to 30 year net average return on investment according to This ranking will provide students considering either business or economics with the information necessary to allow them to make informed decisions about where they study, and what kind of return they might expect on their investment.

Ranking the Best Business and Economics Programs Based on ROI

#1 Massachusetts Institute of Technology Cambridge, MA
#2 Stanford University Stanford, CA
#3 Harvard University Cambridge, MA
#4 Princeton University Princeton, NJ
#5 University of Pennsylvania Philadelphia, PA
#6 Carnegie Mellon University Pittsburgh, PA
#7 Columbia University New York City, NY
#8 Cornell University Ithaca, NY
#9 Duke University Durham, NC
#10 University of California-Berkeley Berkeley, CA

Featured Online Programs

Figuring out where to apply? These top, accredited schools offer a variety of online degrees. Consider one of these accredited programs, and discover their value today.

  1. Massachusetts Institute of Technology

    Cambridge, MA

    MIT's Sloan School of Management is one of the most renowned business schools in the world. The impact of MIT on business and the realm of economics has been huge throughout the school's history. Part of the impact on economics has been the fact that the school represents such a high class level of mathematics research and education. The interdisciplinary application of mathematics to economics has had a huge impact on modern economic thought. MIT has produced eight Nobel laureates in economics, and its business program has seen alumni occupy such illustrious positions as CEO of the New York Stock Exchange, U.S. Treasury Secretary, and high level executive positions at many of the biggest firms on Wall Street.

  2. Stanford University

    Stanford, CA

    The business program at Stanford is one of the best in the world. The university is located in the heart of Silicon Valley, a prime location for budding entrepreneurs looking for opportunity. The combined annual revenue of all the companies that have been founded by Stanford alumni is over $2.7 trillion, equivalent to the tenth largest single economy in the world. The economics program at Stanford is also devoted to revolutionizing the way we think about the subject. Stanford has seen three alumni of the school become Nobel laureates.

  3. Harvard University

    Cambridge, MA

    Harvard Business School is legendary for consistently being considered the best business school in the world. Harvard Business School is so entwined with the history of business education that one can safely say business education would not be the same today had the [then] Harvard Graduate School of Business Administration not introduced the world's first MBA. Just as impressive as the Harvard business programs are their economics programs which have produced 13 Nobel laureates in economics throughout the school's history.

  4. Princeton University

    Princeton, NJ

    Princeton has produced five Nobel laureates in economics. Princeton is one of two Ivy League universities that does not have a business school. Instead, Princeton is more focused on economics and the finance industry specifically. The focus at Princeton is on research in finance from a quantitative and/or mathematical perspective. Nobody can argue with the results. Princeton has produced some of the world's finest mathematicians, economists, and businessmen, including: a Vice Chairman of the Federal Reserve Board, a Chair of the U.S. President's Council of Economic Advisors, and many more.

  5. University of Pennsylvania

    Philadelphia, PA

    The Wharton School of the University of Pennsylvania is one of the best business schools in the world. The school has made a goal of becoming the most comprehensive source of information about the business world. While no alumnus of the University of Pennsylvania has won a Nobel prize in economics, several researchers and professors have been awarded the Nobel prize while at UPenn. The school's economics programs are considered to be among the best in the world.

  6. Carnegie Mellon University

    Pittsburgh, PA

    Carnegie Mellon University's Tepper School of Business has produced numerous CEOs, executives, and company founders throughout its history. The school's economics programs have produced five nobel prize winning economists. CMU was founded in the year 1900 by industrialist Andrew Carnegie and stands as one of his greatest philanthropic contributions to modern society. Since its beginning the school has played a key role in the development of the business world and our understanding of economics and technology.

  7. Columbia University

    New York City, NY

    Columbia University is one of the oldest universities in the United States, one of the few founded before there even was a United States, its founding year being 1754. The school, originally founded as King's College is the oldest university in the state of New York and the fifth oldest in the United States. Many of those instrumental to the founding of our nation were educated there, including Alexander Hamilton, the first Secretary of the Treasury, and John Jay, who was the nation's first Chief Justice. The academic programs at Columbia have been instrumental in the formation of United States academia throughout the history of the country. The school has produced seven nobel laureates in economics, including Milton Friedman.

  8. Cornell University

    Ithaca, NY

    Cornell University was the first coeducational school among the illustrious Ivy League, it began accepting women in 1870. Cornell has produced two nobel laureates in economics, and its business programs are very strong. Notable alumni of the economics program at Cornell are Ricardo Hausmann former chairman of the International Monetary Fund, and Frank H. Knight one of the originators of the Chicago School of Economics. The business programs at Cornell have produced founders of many companies including Burger King, Staples, Qualcomm, and Grumman Aerospace Corporation among many others.

  9. Duke University

    Durham, NC

    Duke was founded by Methodists and Quakers and still maintains a formal ongoing relationship with the United Methodist Church as two-thirds of the trustees are elected by the United Methodist Church Conference. Duke is, however, an independent, non-sectarian university. The Fuqua School of Business at Duke is one of the most prominent in the United States. Heavily focused on research, the Fuqua School of Business is home to the Fuqua/Coach K Center of Leadership and Ethics, Center for Advancement of Social Entrepreneurship, and the Center for Financial Excellence, among others.

  10. University of California-Berkeley

    Berkeley, CA

    The University of California Berkeley is the only public university in our top ten, and the only public university ranked in the top ten of the Academic Ranking of World Universities' business and economics ranking. Berkeley has produced five nobel laureates in economics, and many notable alumni of its business programs. Berkeley's Haas School of Business has produced such notable alumni as Scott Adams, creator of Dilbert, Bank of America President Barbara Desoer, and Shantanu Narayen, CEO of Adobe.

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