Following are the top leading universities in Iceland:

University of Iceland
- It is a state university offering opportunities for study and research in a broad range of programmes spanning most fields of science and scholarship: Social Sciences, Health Sciences, Humanities, Education, Natural Sciences and Engineering.
- The vast majority of its permanent academic staff hold doctorate degrees.
- The University is ranked 1st in Iceland and 384th in the world according to the Webometrics rankings of Top Colleges and Best Universities of Iceland (July 2010).

Reykjavik University (RU)
- It is a vibrant international university, and Iceland's largest private university.
- Professors and guest lecturers from world's top ranking universities (such as Harvard University, Boston University, Copenhagen Business School and London Business School) come to Reykjavík to teach courses at RU.

University of Akureyri (UNAK)
- It is located in North Iceland and has served Akureyri and its rural surrounding since 1987.
- The University is known for its quality on-campus and distance education. It has built a reputation for academic excellence.
- It is the largest university in the rural districts with strong ties to industries and various institutions in society.

Bifrost University
- It has been accredited by Iceland's Ministry of Education as a university since 1988.
- The University offers quality training in business, law, and the social sciences.
- The University also offers a one-year preparatory department for students lacking full university entrance qualifications and various life-long learning programs.

Agricultural University of Iceland (AUI)
- It is an educational and research institution in the field of agriculture and environmental sciences.
- Students that have graduated from the AUI have received full recognition abroad for their coursework undertaken at the AUI.

* Suggested Reading:

MBA Programs in Iceland

Ireland Top Universities & Colleges
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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