Research Strengths

As one of Europe's leading research departments, our members include some of the world's most distinguished academic economists. In the most recent UK Research Assessment, REF 2014, Oxford was ranked top in terms of overall research strength, with more research output graded as world-leading in terms of its originality, rigour and significance than did any other economics department in the United Kingdom.

Amongst our faculty 

Research into policy and practice

Throughout its history, Economics at Oxford has sought to forge close links between academic research and policy-making.

Members of the Department currently serve as:

Director of Policy Research in the world bank

Chief Economists At the Department for international development

General director of fair trading

Members of the monetary policy committee of the bank of england

Members of the competition commission

Other faculty have acted as advisors and consultants to institutions as diverse as:

UK Parliment

Asian Development Bank

International Labour organisation

Various international and UN agencies

Our Programmes

The Department is committed to excellence in teaching at the undergraduate and postgraduate levels. The Department's MPhil and DPhil programmes are internationally recognised for the excellence of the training and scholarship provided. Our graduates have progressed to positions of leadership in academia, in public services and in the private sector. Examples include: Mark Carney, Governor of the Bank of England; Amy Finkelstein, Professor of Economics at MIT and 2012 winner of the John Bates Clark medal, the Lord O'Donnell, formerly UK Cabinet Secretary and Head of the Home Civil Service; Dr Manmohan Singh, Prime Minister of India, 2004 to 2014, Dame Minouche Shafik, Director of the London School of Economics and former Deputy Governor of the Bank of England; the Lord Stern FBA, FRS, IG Patel Professor of Economics and Government at the LSE and advisor to the UK government on climate change.

MPhil Graduate Destinations 2013-2018

The MPhil in Economics prepares students for a wide range of future careers. Looking at the data from 2013-2018, half of students continue into an academic career. A good quarter starts a DPhil in Economics in Oxford. Another quarter starts a PhD at another university (most often in the US) or takes a short-term research assistant position, which is often used as a stepping-stone into a PhD program. About 40% of students enter the private sector, most often in (economic) consultancies or in finance. About 10% of students enter government services, central banks or international organizations.

One concern in the economics profession is the small number of female professors. At every step of the process towards becoming a professor, women are less likely to advance, which is often called the “leaky pipeline”. We are thus happy that this is not the case for the MPhil in Economics. While only 30% of MPhil students are female, male and female students are equally likely to start a PhD after the MPhil, either in Oxford or somewhere else.


DESTINATIONS BY YEAR


DPhil Oxford
RA (Short)
RA (Long)
Government
PhD Non Ox
Further Studies
Central Bank
Private Sector
Unknown

DESTINATIONS OVER THE PERIOD (2013-2018)

MPHIL DESTINATIONS BY GENDER

One concern in the economics profession is the small number of female professors. At every step of the process towards becoming a professor, women are less likely to advance, which is often called the “leaky pipeline”. We are thus happy that this is not the case for the MPhil in Economics. While only 30% of MPhil students are female, male and female students are equally likely to start a PhD after the MPhil, either in Oxford or somewhere else.

Female

DPhil Oxford
RA (Short)
RA (Long)
Government
PhD Non Ox
Further Studies
Central Bank
Private Sector
Unknown

Male

DPhil Oxford
RA (Short)
RA (Long)
Government
PhD Non Ox
Further Studies
Central Bank
Private Sector
Unknown


Department Profile

The University of Oxford's Department of Economics is home to one of the largest and most diverse groups of academic economists in Europe. Our members come from all over the world, and range from early-career researchers and lecturers to well established, and highly respected permanent faculty. We currently have a permanent faculty of 50, including 10 statutory (established) professors, and more than 30 early career researchers who are on fixed-term appointments of 3 or 4 years.

The research activity of the Department is broad-based, and we aim to produce first-class research outcomes across a range of areas, rather than specialising in particular sub-fields. Academics work within small and focused research groups, which provide an active and supportive environment for Department members to facilitate the development of high-quality research. Each group is convened by a senior member of the Department who is responsible for coordinating group activities, including regular workshops and seminars. 

The Department of Economics also has close ties with a number of different Oxford colleges, where our faculty can engage in educational, social and research-based activities alongside colleagues from a range of different disciplines. Currently, we have faculty members affiliated with the following colleges:

Affiliated Colleges

Nuffield

All Souls

St Johns

Hertford

New College

Keble

Harris-Manchester

Trinity

Somerville

Magdalen

University College

St Catherines

Lady Margaret Hall

Brasenose

New College

St Anthonys

Merton

St Hughs

Lincoln

Queens College

Worcester

St Hildas

Balliol

Exeter

St Edmund

Jesus

St Annes

Oriel