St Andrews came 3rd (Guardian), 6th (Independent) and 8th (Times) in the rankings of Economics Departments in the UK (2010 League Tables). The School of Economics & Finance runs postgraduate M.Sc. programmes in International Strategy and Economics; Finance; Analytical Finance; International Finance and in Money Banking and Finance. In the Research Assessment Exercise 2008, the school is rated 1st in Scotland and 12th in the UK (based on 'research power').

Edinburgh is rated 4th in the UK in Economics across all higher education institutions. It is also rated top in Scotland on the proportion of its research submission rated as world leading across all the elements (outputs, environment and esteem, before rounding) in the RAE 2008.

Following is the ranking of Top UK Universities and Colleges for Economics:
League Table 2010:
1 Oxford
2 Cambridge
3 St Andrews
4 Edinburgh
5 Warwick
6 Birmingham
7 Durham
8 London School of Economics
9 UCL
10 Exeter

League Table 2004:
Rank, Institution, Guardian teaching score/100
1 Oxford 91
2 Cambridge 88
3 London Schl of Economics 83
4 University College London 79
5 Birmingham 79
6 Warwick 79
7 Durham 75
8 Schl of Oriental & African Studies 75
9 Nottingham 75
10 York 75
11 Abertay Dundee Uni 74
12 Bristol 74
13 Middlesex 73
14 Manchester 73
15 Bath 72
16 Stirling 71
17 Essex 70
18 Reading 70
19 City 69
20 Edinburgh 69
21 Leicester 69
22 Queen Mary, London 69
23 Sheffield 69
24 Southampton 69
25 Surrey 69
26 Exeter 68
27 Keele 68
28 Royal Holloway 68
29 Hertfordshire 68
30 Staffordshire 68
31 Coventry 67
32 Bradford 67
33 Brunel 67
34 Loughborough 67
35 Lancaster 67
36 Nottingham Trent 67
37 Kent at Canterbury 66
38 Oxford Brookes 66
39 Ulster 66
40 Aberdeen 65
41 Queen's Belfast 65
42 Wales, Aberystwyth 65
43 Leeds Metropolitan 64
44 Goldsmiths Col 63
45 Glasgow 63
46 Leeds 63
47 Newcastle 62
48 Dundee 62
49 Manchester Metropolitan 61
50 Kingston 61
51 Hull 61
52 Sussex 60
53 Cardiff 60
54 East Anglia 60
55 St Andrews 60
56 West of England 60
57 Portsmouth 59
58 Northumbria Uni at Newcastle 58
59 Plymouth 57
60 Central England 57
61 Salford 57
62 Heriot-Watt 56
63 Wales, Swansea 56
64 Liverpool 52
65 Strathclyde 51
66 Greenwich 50
67 Liverpool John Moores 49

Source: Guardian University Guide

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World University Ranking Tables

America - US News & World Report, The Princeton Review, BusinessWeek
Canada - Maclean's, Gourman Report Ranking of Canadian Universities
UK - Sunday Times, Guardian, Times Good University Guide, Daily Telegraph
World - Shanghai Jiao Tong ARWU Rankings, Webometrics, Newsweek
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