| 1 | Tinbergen Instituut, Amsterdam, Netherlands | 1.05 | 142 | 55.97 |
| 2 | University of Pennsylvania → Wharton School of Business → Finance Department, Philadelphia, Pennsylvania (United States) | 1.42 | 31 | 25.95 |
| 2 | New York University (NYU) → Stern School of Business → Finance Department, New York City, New York (United States) | 1.55 | 19 | 15.64 |
| 2 | Northwestern University → Kellogg Graduate School of Management → Department of Finance, Evanston, Illinois (United States) | 1.70 | 18 | 15.11 |
| 2 | Centro Studi di Economia e Finanza (CSEF), Napoli, Italy | 2.23 | 73 | 49.60 |
| 3 | Harvard University → Harvard Business School → Finance Unit, Cambridge, Massachusetts (United States) | 2.76 | 10 | 7.69 |
| 3 | Shanghai Jiao Tong University → Shanghai Advanced Institute of Finance (SAIF), Shanghai, China | 3.02 | 34 | 32.64 |
| 4 | Ohio State University → Fisher College of Business → Department of Finance, Columbus, Ohio (United States) | 3.22 | 2 | 2 |
| 4 | Duke University → Fuqua School of Business → Finance Area, Durham, North Carolina (United States) | 3.99 | 9 | 7.50 |
| 4 | Swiss Finance Institute, Genève/Zürich, Switzerland | 4.04 | 32 | 14.60 |
| 5 | Fudan University → Fanhai International School of Finance, Shanghai, China | 4.88 | 8 | 7.47 |
| 6 | Università Commerciale Luigi Bocconi → Dipartimento di Finanza, Milano, Italy | 5.13 | 30 | 23.04 |
| 6 | London School of Economics (LSE) → Finance Department, London, United Kingdom | 5.47 | 11 | 9.39 |
| 6 | University of Maryland → Robert H. Smith School of Business → Finance Department, College Park, Maryland (United States) | 5.86 | 9 | 8.50 |
| 6 | University of California-Los Angeles (UCLA) → Anderson Graduate School of Management → Finance Group, Los Angeles, California (United States) | 5.87 | 8 | 6.50 |
| 6 | University of Texas-Austin → McCombs School of Business → Department of Finance, Austin, Texas (United States) | 6.19 | 9 | 7.90 |
| 6 | University of Pennsylvania → Wharton School of Business → Financial Institutions Center, Philadelphia, Pennsylvania (United States) | 6.41 | 7 | 4.43 |
| 6 | Stockholm School of Economics → Department of Finance, Stockholm, Sweden | 6.52 | 9 | 8.22 |
| 6 | London School of Economics (LSE) → Financial Markets Group (FMG), London, United Kingdom | 6.66 | 13 | 7.78 |
| 6 | University of Illinois at Urbana-Champaign → College of Business → Department of Finance, Urbana-Champaign, Illinois (United States) | 6.71 | 9 | 7.10 |
| 6 | Tsinghua University → PBC School of Finance, Beijing, China | 6.74 | 13 | 11.95 |
| 7 | University of Wisconsin-Madison → School of Business → Department of Finance, Investment and Banking, Madison, Wisconsin (United States) | 6.91 | 6 | 5.35 |
| 7 | Princeton University → Department of Economics → Bendheim Center for Finance, Princeton, New Jersey (United States) | 7.20 | 7 | 5.01 |
| 7 | City St George's → Bayes Business School → Faculty of Finance, London, United Kingdom | 7.38 | 18 | 16.91 |
| 7 | University of Utah → David Eccles School of Business → Department of Finance, Salt Lake City, Utah (United States) | 7.38 | 10 | 9 |
| 7 | Boston College → Wallace E. Carroll School of Management → Finance Department, Chestnut Hill, Massachusetts (United States) | 7.46 | 11 | 9.75 |
| 7 | Utah State University → Jon M. Huntsman School of Business → Department of Economics and Finance, Logan, Utah (United States) | 7.62 | 22 | 20.48 |
| 7 | Universität St. Gallen → School of Finance, Sankt Gallen, Switzerland | 7.68 | 43 | 40.28 |
| 8 | Goethe Universität Frankfurt am Main → Fachbereich Wirtschaftswissenschaft → Abteilung Finanzen, Frankfurt am Main, Germany | 7.90 | 15 | 11.54 |
| 8 | University of Warwick → Warwick Business School → Finance Group, Coventry, United Kingdom | 8.08 | 15 | 14.24 |
| 8 | Indiana University → Kelley School of Business → Department of Finance, Bloomington, Indiana (United States) | 8.20 | 8 | 7.50 |
| 8 | Universität Zürich → Wirtschaftswissenschaftliche Fakutält → Institut für Banking und Finance (Institut für Schweizerisches Bankwesen), Zürich, Switzerland | 8.35 | 16 | 9.47 |
| 8 | University of Toronto → Rotman School of Management → Finance, Toronto, Canada | 8.40 | 12 | 11 |
| 8 | University of British Columbia → Sauder School of Business → Finance Division, Vancouver, Canada | 8.44 | 6 | 6 |
| 8 | UNSW Sydney → UNSW Business School → School of Banking and Finance, Sydney, Australia | 8.53 | 8 | 7.82 |
| 8 | Monash University → Monash Business School → Department of Banking and Finance, Caulfield, Australia | 8.54 | 34 | 33.35 |
| 8 | BI Handelshøyskolen → Institutt for Finans, Oslo, Norway | 8.54 | 23 | 22.43 |
| 8 | Université de Strasbourg → Institut de Finance de Strasbourg, Strasbourg, France | 8.57 | 25 | 20.88 |
| 9 | Erasmus Universiteit Rotterdam → Rotterdam School of Management (RSM Erasmus University) → Department of Finance, Rotterdam, Netherlands | 8.65 | 12 | 10.95 |
| 9 | Universiteit van Amsterdam → Faculteit Economie en Bedrijfskunde → Finance Group, Amsterdam, Netherlands | 9.02 | 12 | 9.35 |
| 9 | University of Reading → Henley Business School → ICMA Centre for Financial Markets, Reading, United Kingdom | 9.24 | 14 | 13 |
| 9 | City University of Macao → Faculty of Finance, Macau, Macao | 9.47 | 4 | 4 |
| 10 | Universiteit van Amsterdam → Faculteit Economie en Bedrijfskunde → Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Amsterdam, Netherlands | 9.53 | 10 | 6.72 |
| 10 | Copenhagen Business School → Institut for Finansiering, København, Denmark | 9.64 | 4 | 2.85 |
| 10 | New York University (NYU) → Stern School of Business → Volatility Institute, New York City, New York (United States) | 9.65 | 2 | 0.77 |
| - | Université de Strasbourg → Institut de Finance de Strasbourg → Laboratoire de Recherche en Gestion (LaRGE), Strasbourg, France | 9.67 | 25 | 20.88 |
| 10 | Leibniz-Institut für Finanzmarktforschung SAFE (Sustainable Architecture for Finance in Europe), Frankfurt am Main, Germany | 9.73 | 19 | 10.18 |
| 11 | CUNEF Universidad, Madrid, Spain | 10.14 | 24 | 22.95 |
| 12 | DePaul University → Graduate School of Business → Department of Finance, Chicago, Illinois (United States) | 10.37 | 7 | 5.67 |
| 12 | University of California-Berkeley → Walter A. Haas School of Business → Finance Group, Berkeley, California (United States) | 10.40 | 5 | 4.49 |
| 12 | Arizona State University → W.P. Carey School of Business → Department of Finance, Tempe, Arizona (United States) | 10.82 | 2 | 2 |
| 12 | University of Illinois at Chicago → College of Business Administration → Department of Finance, Chicago, Illinois (United States) | 11.45 | 4 | 3.50 |
| 12 | Universidade do Minho → Escola de Economia e Gestão → Núcleo de Investigação em Políticas Económicas e Empresariais (NIPE), Braga, Portugal | 11.56 | 29 | 16.78 |
| 12 | University of Piraeus → Department of Banking and Financial Management, Piraeus, Greece | 11.73 | 24 | 20.20 |
| 12 | Georgia State University → J. Mack Robinson College of Business → Department of Risk Management and Insurance, Atlanta, Georgia (United States) | 11.87 | 2 | 1.75 |
| 12 | University of Washington → Michael G. Foster School of Business → Department of Finance and Business Economics, Seattle, Washington (United States) | 11.93 | 5 | 4.50 |
| - | Universität St. Gallen → School of Finance → Schweizerisches Institut für Banken und Finanzen (SBF), Sankt Gallen, Switzerland | 12.02 | 25 | 23.74 |
| 12 | Hong Kong University of Science and Technology (HKUST) → Business School → Department of Finance, Kowloon, Hong Kong | 12.05 | 6 | 6 |
| 12 | Princeton University → Department of Operations Research and Financial Engineering (ORFE), Princeton, New Jersey (United States) | 12.09 | 2 | 2 |
| 13 | Boston University → Questrom School of Business → Department of Finance, Boston, Massachusetts (United States) | 12.36 | 5 | 4.48 |
| 13 | Université de Genève → Geneva Finance Research Institute (GFRI), Genève, Switzerland | 12.74 | 8 | 4.52 |
| 14 | University of Queensland → School of Economics → Risk and Sustainable Management Group (RSMG), Brisbane, Australia | 12.94 | 5 | 4.45 |
| 14 | Athens University of Economics and Business (AUEB) → Department of Accounting and Finance, Athens, Greece | 13.01 | 21 | 19.84 |
| 14 | Université de Lausanne → Faculté des Hautes Études Commerciales (HEC) → Institut de Banque et Finance (IBF), Lausanne, Switzerland | 13.09 | 7 | 4.27 |
| 14 | Università Commerciale Luigi Bocconi → BAFFI Centre on Economics, Finance and Regulation, Milano, Italy | 13.14 | 20 | 6.99 |
| 14 | Universiteit van Tilburg → School of Economics and Management → Finance Department, Tilburg, Netherlands | 13.21 | 8 | 6.16 |
| 14 | Rutgers University-Newark → Business → Department of Finance and Economics, Newark, New Jersey (United States) | 13.84 | 5 | 5 |
| 14 | Kennesaw State University → Coles College of Business → Department of Economics, Finance and Quantitative Analysis, Kennesaw, Georgia (United States) | 13.92 | 12 | 12 |
| 14 | Université du Luxembourg → Faculté de droit, d'économie et de finance → Department of Finance, Luxembourg, Luxembourg | 14.27 | 27 | 23.19 |
| 14 | University of Sydney → Business School → Discipline of Finance, Sydney, Australia | 14.28 | 9 | 9 |
| 14 | University of New Orleans → College of Business and Administration → Department of Economics and Finance, New Orleans, Louisiana (United States) | 14.57 | 4 | 3.33 |
| 14 | Université de Limoges → Faculté de Droit et des Sciences Économiques → Laboratoire d'Analyse et de Prospective Économique (LAPE), Limoges, France | 14.65 | 13 | 13 |
| 14 | University of Notre Dame → Mendoza College of Business → Department of Finance, South Bend, Indiana (United States) | 14.67 | 6 | 5.39 |
| 14 | Universitetet i Stavanger → Institutt for Industriell Økonomi, Risikostyring og Planlegging, Stavanger, Norway | 14.73 | 7 | 7 |
| 15 | Drexel University → LeBow College of Business → Department of Finance, Philadelphia, Pennsylvania (United States) | 14.99 | 4 | 3.50 |
| 15 | Chinese University of Hong Kong → Faculty of Business Administration → Department of Finance, Shatin, Hong Kong | 15.08 | 1 | 1 |
| 15 | Purdue University → Mitch Daniels School of Business → Department of Finance, West Lafayette, Indiana (United States) | 15.92 | 2 | 1 |
| 15 | Hellenic Mediterranean University → School of Management and Economics → Department of Accounting and Finance, Heraklion, Greece | 16.23 | 8 | 8 |
| 16 | European Corporate Governance Institute (ECGI), Bruxelles/Brussel, Belgium | 16.47 | 10 | 2.16 |
| 17 | Oklahoma State University → Spears School of Business → Department of Finance, Stillwater, Oklahoma (United States) | 16.56 | 7 | 6.44 |
| 17 | Université Catholique de Louvain → Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM) → Louvain Finance, Louvain-la-Neuve, Belgium | 18.01 | 20 | 18.83 |
| 17 | Academia de Studii Economice din Bucureşti → Facultatea de Finante, Asigurari, Banci şi Burse de Valori, Bucureşti, Romania | 18.99 | 72 | 71.92 |
| 17 | Lancaster University → Management School → Department of Accounting and Finance, Lancaster, United Kingdom | 19.50 | 9 | 7.51 |
| 17 | Michigan State University → Eli Broad Graduate School of Management → Department of Finance, East Lansing, Michigan (United States) | 19.58 | 3 | 3 |
| 17 | World Bank Group → Finance and Private Sector Research, Washington, District of Columbia (United States) | 19.67 | 11 | 8.02 |
| 17 | National Tsing Hua University → Department of Quantitative Finance, Hsin-Chu, Taiwan | 19.95 | 13 | 12.12 |
| 18 | Carleton University → Department of Economics → Centre for Monetary and Financial Economics (CMFE), Ottawa, Canada | 20.17 | 9 | 4.85 |
| 18 | UNSW Sydney → UNSW Business School → ARC Centre of Excellence in Population Ageing Research (CEPAR), Sydney, Australia | 20.33 | 11 | 3.16 |
| 18 | Texas A&M International University → Division of International Banking & Finance Studies, Laredo, Texas (United States) | 20.74 | 3 | 3 |
| 19 | Centre for European Research in Microfinance (CERMi), Bruxelles/Brussel, Belgium | 20.91 | 34 | 16.30 |
| 20 | Texas A&M University → Mays Business School → Department of Finance, College Station, Texas (United States) | 21.03 | 6 | 5.92 |
| 20 | Barcelona School of Economics (BSE) → Universitat Pompeu Fabra → Departament d'Economia i Empresa → Centre de Recerca en Economia Financera i Comptabilitat (CREFC), Barcelona, Spain | 21.30 | 3 | 1.22 |
| 20 | Asia University → College of Management → Department of Finance, Wufeng, Taiwan | 21.40 | 5 | 4.51 |
| 20 | Erasmus Universiteit Rotterdam → Faculteit der Economische Wetenschappen → Capaciteitsgroep Bedrijfseconomie, Rotterdam, Netherlands | 21.43 | 17 | 13.05 |
| 20 | Humboldt-Universität Berlin → Wirtschaftswissenschaftliche Fakultät → Sonderforschungsbereich 649: Ökonomisches Risiko, Berlin, Germany | 21.56 | 35 | 21.05 |
| 20 | Tampereen Yliopisto → Johtamisen ja talouden tiedekunta → Kansantaloustieteen laitos, Tampere, Finland | 22.02 | 6 | 4.43 |
| 20 | University of Essex → Essex Business School → Essex Finance Center, Colchester, United Kingdom | 22.07 | 5 | 4.45 |
| 20 | Université Paris-Dauphine (Paris IX) → Laboratoire d'Économie de Dauphine (LEDa) → Stratégie et Dynamiques Financières (SDFi), Paris, France | 22.10 | 12 | 9.70 |
| 20 | Norges Handelshøyskole (NHH) → Institutt for finans, Bergen, Norway | 22.25 | 6 | 5.18 |
| 20 | International Centre for Education in Islamic Finance (INCEIF), Kuala Lumpur, Malaysia | 22.33 | 27 | 25.50 |
| 21 | University of Cambridge → Judge Business School → Centre for Endowment Asset Management, Cambridge, United Kingdom | 22.84 | 1 | 0.99 |
| 21 | University of California-Santa Barbara (UCSB) → Laboratory of Aggregate Economics and Finance (LAEF), Santa Barbara, California (United States) | 22.85 | 1 | 1 |
| 22 | Université Laval → Faculté des sciences de l'administration → Département finance, assurance et immobilier, Québec, Canada | 22.89 | 5 | 4.93 |
| 22 | Vysoká Škola Ekonomická v Praze → Fakulta Financí a Účetnictví, Praha, Czech Republic | 23.30 | 33 | 28.56 |
| 22 | Colorado State University → Department of Finance and Real Estate, Fort Collins, Colorado (United States) | 24.29 | 3 | 3 |
| 23 | Fordham University → Gabelli School of Business → Frank J. Petrilli Center for Research in International Finance (CRIF), New York City, New York (United States) | 24.39 | 1 | 1 |
| 23 | Deakin University → Business School → Department of Finance, Melbourne, Australia | 24.68 | 5 | 5 |
| 23 | University of Texas-Rio Grande Valley → College of Business and Entrepreneurship → Department of Economics and Finance, Edinburg, Texas (United States) | 25.41 | 7 | 6.50 |
| 23 | Turun Yliopisto → Turun Kauppakorkeakoulu → Laskentatoimen ja rahoituksen laitos, Turku, Finland | 25.69 | 16 | 15.50 |
| - | Universität St. Gallen → School of Finance → Institut für Versicherungswirtschaft, Sankt Gallen, Switzerland | 25.81 | 6 | 6 |
| 23 | University of Miami → Miami Herbert Business School → Department of Finance, Coral Gables, Florida (United States) | 26.12 | 3 | 3 |
| 23 | Università degli Studi di Modena e Reggio Emilia → Dipartimento di Economia "Marco Biagi" → Centro Studi di Banca e Finanza (CEFIN), Modena, Italy | 26.26 | 16 | 13.60 |
| 23 | Feng Chia University → College of Finance, Taichung, Taiwan | 26.31 | 3 | 2.99 |
| 24 | Deakin University → Business School → Centre for Economics and Financial Econometrics Research (CEFER), Melbourne, Australia | 26.39 | 4 | 4 |
| 24 | University of Akron → College of Business → Department of Finance, Akron, Ohio (United States) | 26.45 | 3 | 2.13 |
| 24 | Université de Namur → Faculté Économie, Management, Communication, Sciences Po → Center for Research in Finance and Management (CeReFiM), Namur, Belgium | 27.10 | 7 | 4.01 |
| 24 | University of Sussex → Sussex Business School → Department of Accounting and Finance, Brighton, United Kingdom | 27.26 | 4 | 3.34 |
| 24 | Budapesti Corvinus Egyetem → Pénzügy Intézet, Budapest, Hungary | 27.37 | 33 | 28.71 |
| 25 | Vrije Universiteit Amsterdam → School of Business and Economics → Finance Department, Amsterdam, Netherlands | 27.78 | 9 | 7.37 |
| 25 | Southern Methodist University → Cox School of Business → Finance Department, Dallas, Texas (United States) | 27.85 | 2 | 2 |
| 25 | Babson College → Finance Division, Babson Park, Massachusetts (United States) | 27.91 | 3 | 3 |
| 26 | University of Cincinnati → College of Business → Department of Finance - Real Estate, Cincinnati, Ohio (United States) | 27.93 | 3 | 2.51 |
| - | Feng Chia University → College of Finance → Department of Finance, Taichung, Taiwan | 28.29 | 2 | 1.99 |
| 26 | Chulalongkorn University → Chulalongkorn Business School → Department of Banking and Finance, Bangkok, Thailand | 28.64 | 6 | 5.89 |
| 26 | University of Texas-Dallas → Naveen Jindal School of Management → Area of Finance and Managerial Economics, Dallas, Texas (United States) | 29.28 | 2 | 2 |
| 26 | National Taiwan University → College of Management → Department of Finance, Taipei, Taiwan | 29.38 | 4 | 3.20 |
| 26 | University of Bristol → School of Accounting and Finance, Bristol, United Kingdom | 29.51 | 5 | 4.70 |
| 27 | University of Ghana → Business School → Department of Finance, Legon, Ghana | 29.57 | 7 | 7 |
| 27 | Liaoning University → School of Finance and Trade, Shenyang, China | 30.21 | 1 | 1 |
| 28 | School of Oriental and African Studies (SOAS) → School of Finance and Management (SFM), London, United Kingdom | 30.23 | 8 | 7.10 |
| 29 | University of Cambridge → Cambridge Finance, Cambridge, United Kingdom | 30.27 | 7 | 4.04 |
| 30 | University of Connecticut → School of Business → Department of Finance, Storrs, Connecticut (United States) | 30.76 | 4 | 3.25 |
| 30 | University of Massachusetts-Amherst → Isenberg School of Management → Department of Finance, Amherst, Massachusetts (United States) | 31.26 | 3 | 3 |
| 30 | Vaasan yliopisto → Kauppatieteellinen tiedekunta → Laskentatoimen ja Rahoituksen Yksikkö, Vaasa, Finland | 31.27 | 8 | 7.48 |
| 30 | University of Colorado → Leeds School of Business → Department of Finance, Boulder, Colorado (United States) | 31.81 | 1 | 1 |
| - | University of Cambridge → Cambridge Finance → Centre for International Macroeconomics and Finance (CIMF), Cambridge, United Kingdom | 31.88 | 2 | 1.25 |
| 30 | Nanyang Technological University → Nanyang Business School → Division of Banking and Finance, Singapore, Singapore | 32.43 | 4 | 3.25 |
| 30 | Politechnika Wrocławska → Wydział Zarządzania, Wrocław, Poland | 32.82 | 17 | 13.71 |
| 31 | Université Claude Bernard (Lyon 1) → Institut de Science Financière et d'Assurances (École ISFA), Lyon, France | 33.19 | 9 | 9 |
| 32 | Concordia University → John Molson School of Business → Department of Finance, Montréal, Canada | 33.79 | 2 | 1.95 |
| 32 | Ludwig-Maximilians-Universität München → Institut für Statistik → Center for Quantitative Risk Analysis (CEQURA), München, Germany | 34.11 | 1 | 0.90 |
| 33 | Groupe EDHEC (École de Hautes Études Commerciales du Nord) → EDHEC-Risk, Lille/Paris, France | 34.38 | 5 | 3.26 |
| 33 | University of Melbourne → Faculty of Business and Economics → Department of Finance, Melbourne, Australia | 34.91 | 3 | 2.10 |
| 33 | Oxford University → Oxford-Man Institute of Quantitative Finance, Oxford, United Kingdom | 34.98 | 7 | 4.55 |
| 34 | University of Auckland → Business School → Department of Accounting and Finance, Auckland, New Zealand | 35.09 | 1 | 1 |
| 34 | Academia de Studii Economice din Bucureşti → Facultatea de Finante, Asigurari, Banci şi Burse de Valori → Departamentul Finante, Bucureşti, Romania | 35.21 | 51 | 44.84 |
| 34 | Karl-Franzens-Universität Graz → Social- und Wirtschaftswissenschaftliche Fakultät → Institut für Banken und Finanzierung, Graz, Austria | 35.29 | 3 | 3 |
| 34 | Nankai University → School of Finance, Tianjin, China | 35.33 | 3 | 3 |
| 35 | Université de Poitiers → Centre de Recherche sur l'Intégration Économique et Financière (CRIEF), Poitiers, France | 35.66 | 12 | 10.20 |
| 36 | Universitá della Svizzera Italiana (USI) → Facoltá di scienze economiche → Istituto di Finanza, Lugano, Switzerland | 36.25 | 5 | 3.50 |
| 36 | Universität Bern → Institut für Finanzmanagement, Bern, Switzerland | 36.31 | 2 | 1.50 |
| 37 | Groupe ESC Toulouse → Pôle Économie-Finance et Droit, Toulouse, France | 36.53 | 7 | 6.10 |
| 37 | Peking University → Guanghua School of Management → Department of Finance, Beijing, China | 36.66 | 5 | 5 |
| 37 | Goethe Universität Frankfurt am Main → House of Finance, Frankfurt am Main, Germany | 36.77 | 9 | 5.85 |
| 38 | Institute for Financial Research (SIFR), Stockholm, Sweden | 37.20 | 2 | 0.83 |
| 39 | National University of Singapore (NUS) → Sustainable and Green Finance Institute (SGFIN), Singapore, Singapore | 37.25 | 1 | 1 |
| 40 | Rheinische Friedrich-Wilhelms-Universität Bonn → Wirtschaftswissenschaftlicher Fachbereich → Institute für Finanzmarktökonomik und Statistik (IFS), Bonn, Germany | 37.90 | 3 | 2.50 |
| 40 | National Chung-Hsing University → Department of Finance, Taichung, Taiwan | 38.92 | 4 | 3.50 |
| 41 | University of Lahore City Campus → Lahore School of Accountancy and Finance, Lahore, Pakistan | 39.02 | 5 | 5 |
| 42 | University of Waterloo → School of Accounting and Finance, Waterloo, Canada | 39.08 | 2 | 2 |
| 43 | Queen Mary University of London → School of Economics and Finance → Centre for Research in Macroeconomics and Finance, London, United Kingdom | 39.68 | 2 | 2 |
| 43 | Money and Finance Research group (Mo.Fi.R.), Ancona, Italy | 40.48 | 15 | 2.55 |
| 44 | Université de Lorraine → Unité de Formation et de Recherche Droit, Sciences Économiques et Gestion → Centre Européen de Recherche en Économie Financière et en Gestion des Entreprises (CEREFIGE), Nancy, France | 41.26 | 8 | 5.79 |
| 44 | Universität Basel → Wirtschaftswissenschaftliches Zentrum → Abteilung Finanzmarkttheorie, Basel, Switzerland | 41.68 | 4 | 3.50 |
| 44 | West Virginia University → College of Business and Economics → Department of Finance, Morgantown, West Virginia (United States) | 41.97 | 2 | 2 |
| 44 | Georgia State University → J. Mack Robinson College of Business → Department of Finance, Atlanta, Georgia (United States) | 42.14 | 1 | 1 |
| 44 | Academia Romana → Institutul National de Cercetari Economice "Costin C. Kiritescu" (INCE) → Centrul de Cercetari Financiare si Monetare "Victor Slavescu" (CCFM), Bucureşti, Romania | 42.53 | 11 | 11 |
| 44 | HEC Montréal (École des Hautes Études Commerciales) → Service de l'Enseignement de la Finance, Montréal, Canada | 44.71 | 2 | 1.30 |
| 44 | University of Thessaly → Department of Accounting and Finance, Thessaly, Greece | 45.34 | 3 | 3 |
| 45 | Politechnika Wrocławska → Hugo Steinhaus Center for Stochastic Methods, Wrocław, Poland | 45.35 | 12 | 11 |
| 46 | Center for Financial Studies, Frankfurt, Germany | 45.53 | 7 | 1.70 |
| 47 | University of Technology Sydney → Business School → Finance Discipline Group → Quantitative Finance Research Centre, Sydney, Australia | 45.95 | 9 | 5.50 |
| 48 | University of Essex → Centre For Computational Finance and Economic Agents (CCFEA), Colchester, United Kingdom | 46.48 | 5 | 3.60 |
| 49 | National Yang Ming Chiao Tung University → College of Management → Department of Information Management and Finance, Taipei, Taiwan | 46.67 | 2 | 2 |
| 49 | International Islamic University Malaysia (IIUM) → Institute of Islamic Banking and Finance, Jalan Gombak, Malaysia | 47.92 | 4 | 4 |
| 50 | Lingnan University → Department of Finance and Insurance, Tuen Mun, Hong Kong | 48.15 | 3 | 3 |
| 51 | Universitat de Barcelona → School of Economics → Institut de Recerca en Economia Aplicada (IREA) → Riskcenter, Barcelona, Spain | 49.35 | 4 | 2.27 |
| 52 | Università degli Studi di Genova → Centro Interdisciplinario in Economia e Finanza (CINEF), Genova, Italy | 49.38 | 2 | 2 |
| 53 | Maastricht University → School of Business and Economics → Limburg Institute of Financial Economics (LIFE), Maastricht, Netherlands | 49.49 | 1 | 0.79 |
| 53 | University of Exeter → Business School → Xfi Centre for Finance and Investment, Exeter, United Kingdom | 50.70 | 4 | 4 |
| 53 | Doğu Akdeniz Üniversitesi → İşletme ve Ekonomi Fakültesi → Bankacılık ve Finans Bölümü, Famagusta, Northern Cyprus | 50.84 | 5 | 5 |
| 53 | Université de Bordeaux → Laboratoire d'Analyse et de Recherche Économiques et Finance Internationales (LAREFI), Bordeaux, France | 51.61 | 13 | 9.50 |
| 54 | Coventry University → Centre for Financial and Corporate Integrity, Coventry, United Kingdom | 51.75 | 3 | 3 |
| 55 | University of International Business and Economics (UIBE) → School of Banking and Finance, Beijing, China | 52.19 | 7 | 6.06 |
| 55 | Eidgenössische Technische Hochschule Zürich (ETHZ) → Financial and Insurance Mathematics, Zürich, Switzerland | 52.74 | 3 | 2 |
| 56 | Technische Universität Berlin → Fakultät Wirtschaft und Management → Fachgebiet Finanzwissenschaft und Gesundheitsökonomie, Berlin, Germany | 53.07 | 2 | 1.50 |
| 56 | Universidad de Castilla La Mancha → Facultad de Ciencias Económicas y Empresariales → Departamento de Análisis Económico y Finanzas, Albacete, Spain | 53.09 | 2 | 2 |
| 56 | KU Leuven → Faculteit Economie en Bedrijfswetenschappen → Department of Accountancy, Finance and Insurance, Leuven, Belgium | 53.39 | 4 | 4 |
| 56 | Centre for Advanced Financial Research and Learning (CAFRAL), Mumbai, India | 53.66 | 8 | 8 |
| 57 | University of Western Attica → School of Administrative, Economics and Social Sciences → Department of Accounting and Finance, Athens, Greece | 53.79 | 3 | 3 |
| 57 | National Central University → Department of Finance, Tao-yuan, Taiwan | 53.93 | 3 | 3 |
| 58 | Université de Sousse → Institut Supérieur de Finances et de Fiscalité de Sousse, Sousse, Tunisia | 54.45 | 4 | 3.40 |
| 59 | University College London (UCL) → Financial Computing and Analytics Group, London, United Kingdom | 54.95 | 5 | 4.80 |
| 60 | Oxford University → Mathematical and Computational Finance Group, Oxford, United Kingdom | 54.97 | 2 | 1.50 |
| 61 | University of Tennessee-Knoxville → Haslam College of Business → Department of Finance, Knoxville, Tennessee (United States) | 55.12 | 1 | 1 |
| 61 | Buffalo State College → Economics and Finance Department, Buffalo, New York (United States) | 55.47 | 2 | 2 |
| 62 | Universität Konstanz → Fachbereich Wirtschaftswissenschaften → Zentrum für Finanzen und Ökonometrie, Konstanz, Germany | 57.05 | 6 | 4.09 |
| 62 | Libera Università Maria Ss. Assunta (LUMSA) → Center for Relationship Banking and Economics (CERBE), Roma, Italy | 57.27 | 3 | 1.41 |
| 63 | Renmin University of China → China Financial Policy Research Center, Beijing, China | 59.11 | 4 | 1.68 |
| 64 | IFG Progress, Jakarta, Indonesia | 59.59 | 2 | 2 |
| 65 | University of Tokyo → Faculty of Economics → Center for Advanced Research in Finance, Tokyo, Japan | 60.32 | 1 | 1 |
| 65 | Montclair State University → Economics and Finance, Upper Montclair, New Jersey (United States) | 60.71 | 10 | 10 |
| 66 | Universidad Pablo de Olavide → Departamento de Economía Financiera y Contabilidad, Sevilla, Spain | 61.06 | 12 | 12 |
| 67 | University of Delaware → Lerner College of Business and Economics → Department of Finance, Newark, Delaware (United States) | 61.38 | 2 | 2 |
| 67 | National University of Singapore (NUS) → Risk Management Institute (RMI), Singapore, Singapore | 61.67 | 2 | 1.50 |
| 68 | Florida State University → College of Business → Department of Finance, Tallahassee, Florida (United States) | 62.20 | 2 | 2 |
| 68 | Universidad de València → Facultad de Economía → Departament d'Economia Financiera i Actuarial, València, Spain | 62.32 | 3 | 2.60 |
| 68 | Banking Academy, Hanoi, Viet Nam | 62.75 | 7 | 6.01 |
| 69 | Universitat Jaume I → Departamento de Finanzas y Contabilidad, Castellón de la Plana, Spain | 63.45 | 5 | 5 |
| 70 | American University of Sharjah → School of Business Administration → Department of Finance, Sharjah, United Arab Emirates | 63.85 | 1 | 1 |
| 70 | Universität St. Gallen → School of Economics and Political Science → Institut für Finanzwissenschaft und Finanzrecht, Sankt Gallen, Switzerland | 64.28 | 2 | 1.50 |
| 70 | Peking University → Institute of Digital Finance, Beijing, China | 64.38 | 1 | 0.50 |
| 71 | Lunds Universitet → Ekonomihögskolan → Knut Wicksells centrum för finansvetenskap, Lund, Sweden | 65.81 | 5 | 2.84 |
| 71 | Government of the United States → National Science Foundation → Decision, Risk, and Management Science Program, Washington, District of Columbia (United States) | 66.68 | 1 | 1 |
| 72 | Ho Chi Minh City Open University → Faculty of Finance and Banking, Ho Chi Minh City, Viet Nam | 66.75 | 9 | 9 |
| 73 | Villanova University → School of Business → Department of Finance, Villanova, Pennsylvania (United States) | 67.42 | 2 | 2 |
| 73 | Central University of Finance and Economics (CUFE) → China Institute for Actuarial Sciences, Beijing, China | 67.55 | 4 | 4 |
| 73 | Louisiana State University → Ourso College of Business → Department of Finance, Baton Rouge, Louisiana (United States) | 67.81 | 2 | 2 |
| 73 | Universidad de Alicante → Facultad de Ciencias Económicas y Empresariales → Departamento de Economía Financiera y Contabilidad, Alicante, Spain | 68.31 | 4 | 4 |
| 73 | University of North Carolina-Wilmington → Department of Economics and Finance, Wilmington, North Carolina (United States) | 69.13 | 6 | 6 |
| 74 | University of Memphis → Fogelman College of Business and Economics → Department of Finance, Real Estate and Insurance, Memphis, Tennessee (United States) | 69.25 | 3 | 1.10 |
| 74 | University of Nottingham → School of Economics → Centre for Finance, Credit and Macroeconomics (CFCM), Nottingham, United Kingdom | 69.58 | 8 | 0.59 |
| 74 | Auckland University of Technology → Faculty of Business, Economics and Law → Auckland Centre for Financial Research, Auckland, New Zealand | 70.02 | 1 | 1 |
| 74 | Universidad del País Vasco - Euskal Herriko Unibertsitatea → Facultad de Economía y Empresa → Departamento de Economía Financiera II, Bilbao, Spain | 70.69 | 12 | 9.40 |
| 74 | Université de Sherbrooke → École de Gestion → Département de Finance, Sherbrooke, Canada | 70.75 | 3 | 3 |
| 74 | Göteborgs Universitet → Handelshögskolan → Centrum för Finans (CFF), Göteborg, Sweden | 71.00 | 3 | 3 |
| 74 | Libera Università Internazionale degli Studi Sociali Guido Carli (LUISS) → Department of Accounting and Corporate Finance, Roma, Italy | 71.19 | 1 | 1 |
| 75 | Universidade de Santiago de Compostela → Facultade de Ciencias Económicas e Empresariais → Departamento de Economía Financeira e Contabilidade, Santiago de Compostela, Spain | 71.31 | 4 | 4 |
| 75 | Budapesti Műszaki és Gazdaságtudományi Egyetem → Gazdaság- és Társadalomtudományi Kar → Pénzügyek Tanszék, Budapest, Hungary | 71.69 | 6 | 5.01 |
| 75 | University of Overseas Chinese → Department of Finance, Taichung City, Taiwan | 71.79 | 1 | 1 |
| 76 | Murray State University → Department of Economics and Finance, Murray, Kentucky (United States) | 72.34 | 2 | 2 |
| 77 | Charles Sturt University → Faculty of Business → School of Accounting and Finance, Bathurst, Australia | 72.38 | 1 | 1 |
| 77 | University of Nebraska → College of Business Administration → Finance Department, Lincoln, Nebraska (United States) | 72.87 | 1 | 1 |
| 77 | Universidade do Coimbra → Faculdade de Economia → Grupo de Estudos Monetários e Financeiros (GEMF), Coimbra, Portugal | 72.94 | 7 | 4.02 |
| 77 | Università degli Studi di Siena → Facoltà di Economia "Richard M. Goodwin" → Dipartimento di Politica Economica, Finanza e Sviluppo (DEPFID), Siena, Italy | 73.20 | 5 | 4.50 |
| 77 | Iowa State University → College of Business → Department of Finance, Ames, Iowa (United States) | 73.46 | 1 | 1 |
| 77 | St. John's University → Peter J. Tobin College of Business, Jamaica, New York (United States) | 73.64 | 6 | 5.20 |
| 78 | University College Dublin → School of Business → Centre for Financial Markets (CFM), Dublin, Ireland | 74.00 | 1 | 0.34 |
| 78 | University of the Peloponnese → Department of Accounting and Finance, Tripolis, Greece | 74.27 | 1 | 1 |
| 79 | Australian National University → College of Business and Economics → Research School of Finance, Actuarial Studies and Statistics, Canberra, Australia | 75.11 | 2 | 1.50 |
| 79 | National Association of Insurance Commissioners (NAIC), Kansas City, Missouri (United States) | 75.16 | 1 | 0.82 |
| 80 | Università Cattolica del Sacro Cuore → Facoltà di Scienze Bancarie, Finanziarie e Assicurative, Milano, Italy | 75.71 | 5 | 3.70 |
| 81 | University of Nottingham → Business School → Centre for Risk and Insurance Studies, Nottingham, United Kingdom | 75.86 | 3 | 1.45 |
| 81 | University of Westminster → Westminster Business School → School of Finance and Accounting, London, United Kingdom | 76.41 | 3 | 3 |
| 81 | University of the Witwatersrand → Faculty of Commerce, Law and Management → School of Economic and Finance → Studies in Financial Markets and Macroeconomics (SFM), Johannesburg, South Africa | 76.94 | 4 | 3.50 |
| 82 | Science & Finance, Paris, France | 77.21 | 1 | 1 |
| 83 | University of Cambridge → Judge Business School → Cambridge Centre for Alternative Finance, Cambridge, United Kingdom | 77.79 | 6 | 3.21 |
| 83 | University of Texas-Arlington → College of Business Administration → Department of Finance and Real Estate, Arlington, Texas (United States) | 78.29 | 1 | 1 |
| 83 | Southern Utah University → Department of Economics and Finance, Cedar City, Utah (United States) | 78.45 | 2 | 2 |
| 84 | Tsinghua University → School of Economics and Management → China Center for Financial Research (CCFR), Beijing, China | 79.32 | 1 | 1 |
| 84 | Birla Institute of Technology and Science (BITS) → Economics and Finance Group, Pilani, India | 80.28 | 8 | 8 |
| 85 | Universitatea Româno-Americană → Facultatea de Relaţii Comerciale şi Financiar Bancare Interne şi Internaţionale, Bucureşti, Romania | 80.33 | 8 | 8 |
| 86 | University of Otago → School of Business → Department of Accountancy and Finance, Dunedin, New Zealand | 80.43 | 3 | 2.20 |
| 86 | "Sapienza" Università di Roma → Facoltà di Economia → Dipartimento di Diritto ed Economia delle Attività Produttive, Roma, Italy | 80.60 | 11 | 10.50 |
| 86 | Southern University of Science and Technology → College of Business → Department of Finance, Shenzhen, China | 80.91 | 1 | 1 |
| 86 | Ohio University → Department of Finance, Athens, Ohio (United States) | 81.37 | 1 | 1 |
| 87 | Auckland University of Technology → Faculty of Business, Economics and Law → Department of Finance, Auckland, New Zealand | 81.52 | 3 | 3 |
| 87 | Sakarya Üniversitesi → İktisadi ve İdari Bilimler Fakültesi → Finansal Ekonometri Bölümü, Sakarya, Turkey | 82.09 | 2 | 2 |
| 87 | William Paterson University → Cotsakos College of Business → Department of Economics, Finance and Global Business, Wayne, New Jersey (United States) | 82.25 | 1 | 1 |
| 87 | National Sun Yat-Sen University → College of Management → Department of Finance, Kaohsiung, Taiwan | 82.59 | 1 | 1 |
| 87 | Cardiff University → Cardiff Business School → Accounting and Finance Section, Cardiff, United Kingdom | 82.79 | 2 | 1.95 |
| 87 | Rowan University → College of Business → Department of Accounting and Finance, Glassboro, New Jersey (United States) | 83.03 | 1 | 0.90 |
| 87 | Old Dominion University → Strome College of Business → Department of Finance, Norfolk, Virginia (United States) | 83.95 | 2 | 1.50 |
| 87 | Guangdong University of Foreign Studies → School of Finance, Guangzhou, China | 84.80 | 2 | 2 |
| 88 | London School of Economics (LSE) → Systemic Risk Centre, London, United Kingdom | 84.85 | 6 | 0.92 |
| 88 | Nankai University → Institute of Finance and Development, Tianjin, China | 85.00 | 1 | 1 |
| 89 | Universität Basel → Wirtschaftswissenschaftliches Zentrum → Abteilung für Wirtschaftstheorie, Basel, Switzerland | 85.14 | 7 | 3.72 |
| 89 | UNSW Sydney → UNSW Business School → School of Risk and Actuarial Studies, Sydney, Australia | 85.55 | 2 | 1.30 |
| 89 | National Taichung University of Science and Technology → Department of Finance, Taichung, Taiwan | 85.57 | 2 | 2 |
| 90 | University of Canterbury → Business School → Department of Accountancy and Information Systems, Christchurch, New Zealand | 87.28 | 3 | 3 |
| 90 | Academia de Studii Economice din Bucureşti → Facultatea de Finante, Asigurari, Banci şi Burse de Valori → Centrul de Cercetari Financiar-Monetare (CEFIMO), Bucureşti, Romania | 87.46 | 17 | 10.38 |
| 90 | Investment Company Institute (ICI), Washington, District of Columbia (United States) | 87.76 | 2 | 2 |
| 91 | Southwestern University of Finance and Economics (SWUFE) → School of Finance, Chengdu, China | 87.89 | 4 | 3.50 |
| 91 | National Dong-Hwa University → Department of Finance, Sou-Feng, Taiwan | 90.19 | 2 | 2 |
| 92 | Louisiana State University-Shreveport → School of Business → Economics and Finance Department, Shreveport, Louisiana (United States) | 90.20 | 2 | 2 |
| - | Budapesti Corvinus Egyetem → Pénzügy Intézet → Befektetések Tanszék, Budapest, Hungary | 90.24 | 2 | 1.67 |
| 92 | Università Cattolica del Sacro Cuore → Dipartimenti e Istituti di Scienze Economiche → Dipartimento di Matematica per le Scienze economiche, finanziarie ed attuariali (DiMSEFA), Milano, Italy | 90.62 | 1 | 1 |
| 92 | Oxford University → Finance Research Centre, Oxford, United Kingdom | 90.71 | 2 | 0.42 |
| 93 | American College of Financial Services, Bryn Mawr, Pennsylvania (United States) | 90.90 | 1 | 1 |
| 94 | Singapore Management University → Sim Kee Boon Institute for Financial Economics, Singapore, Singapore | 91.22 | 1 | 1 |
| 94 | University of California-Santa Cruz (UCSC) → Center for Analytical Finance, Santa Cruz, California (United States) | 91.60 | 5 | 1.67 |
| 95 | Ohio State University → Fisher College of Business → Charles A. Dice Center for Research in Financial Economics, Columbus, Ohio (United States) | 91.93 | 1 | 1 |
| 95 | University of Toledo → Neff College of Business and Innovation → Department of Finance, Toledo, Ohio (United States) | 92.77 | 1 | 1 |
| 95 | Universität Liechtenstein → Institut für Finanzdienstleistungen, Vaduz, Liechtenstein | 93.02 | 3 | 2.50 |
| 96 | Hanken Svenska Handelshögskolan → Institutionen för Finansiell Ekonomi och Ekonomisk Statistik, Helsinki, Finland | 93.22 | 3 | 3 |
| 96 | New York University (NYU) → Poly Center for Risk Engineering, New York City, New York (United States) | 93.51 | 2 | 2 |
| 97 | Nyenrode Business Universiteit → Center for Finance, Breukelen, Netherlands | 93.90 | 2 | 1.20 |
| 97 | Université de Tunis El Manar → Faculté des Sciences Économiques et de Gestion → International Finance Group-Tunisia (IFTG), Tunis, Tunisia | 94.29 | 8 | 6.28 |
| 97 | Université Paris-Dauphine (Paris IX) → Dauphine Recherches en Management (DRM) → Centre de Recherche Européen de Finance et en Gestion (CREFIGE), Paris, France | 94.73 | 6 | 6 |
| 97 | University of Southern Mississippi → College of Business → Department of Finance, Real Estate and Business Law, Hattiesburg, Mississippi (United States) | 95.14 | 1 | 1 |
| 97 | Central University of Finance and Economics (CUFE) → School of Finance, Beijing, China | 95.26 | 5 | 3.13 |
| 97 | Universiteit Antwerpen → Faculteit Bedrijfswetenschappen en Economie → Departement Accounting en financiering, Antwerpen, Belgium | 96.50 | 4 | 3.05 |
| 97 | Elon University → Martha and Spencer Love School of Business → Department of Finance, Elon, North Carolina (United States) | 97.01 | 1 | 1 |
| 97 | City University of New York (CUNY) → Brooklyn College → Koppleman School of Business → Department of Finance, New York City, New York (United States) | 97.14 | 2 | 1.50 |
| 97 | Université Bourgogne Europe → Laboratoire d'Économie de Dijon (LEDI) → Centre d'Études Monétaires et Financières (CEMF), Dijon, France | 97.23 | 3 | 2.34 |
| 97 | Central University of Finance and Economics (CUFE) → Chinese Academy of Finance and Development, Beijing, China | 97.25 | 3 | 2.50 |
| 97 | University of Tampa → Department of Business Economics, Tampa, Florida (United States) | 97.57 | 4 | 3.90 |
| 98 | National Yunlin University of Science and Technology → Department of Finance, Yunlin, Taiwan | 98.08 | 1 | 1 |
| 99 | Universidad de Valladolid → Facultad de Ciencias Económicas y Empresariales → Departamento de Economía Financiera y Contabilidad, Valladolid, Spain | 98.08 | 4 | 3.33 |
| 99 | University of National and World Economy → Faculty of Financial Accounting, Sofia, Bulgaria | 98.36 | 7 | 5.77 |
| 99 | University of Stirling → Stirling Management School → Accounting and Finance Division, Stirling, United Kingdom | 98.70 | 1 | 1 |
| 99 | Institute of International Finance, Washington, District of Columbia (United States) | 98.72 | 2 | 1.50 |
| - | Goethe Universität Frankfurt am Main → House of Finance → Institute for Monetary and Financial Stability, Frankfurt am Main, Germany | 99.77 | 1 | 1 |
| 100 | University of Macedonia → Department of Accounting and Finance, Thessaloniki, Greece | 100.05 | 3 | 2.24 |
| 101 | World Federation of Exchanges, London, United Kingdom | 100.45 | 2 | 1.95 |
| 102 | Institut Louis Bachelier, Paris, France | 100.54 | 5 | 0.91 |
| 103 | ISCTE - Instituto Universitário de Lisboa (ISCTE-IUL) → Business School → Departamento de Finanças, Lisboa, Portugal | 100.87 | 2 | 1.16 |
| 103 | Shanghai University of Finance and Economics → School of Finance, Shanghai, China | 101.09 | 6 | 6 |
| 103 | Bentley University → Department of Finance, Waltham, Massachusetts (United States) | 101.17 | 1 | 1 |
| 104 | Universidade de Lisboa → Instituto Superior de Economia e Gestão (ISEG) → Centro de Investigação em Economia Financeira (CIEF), Lisboa, Portugal | 101.46 | 4 | 1.80 |
| 104 | Stockholm School of Economics → Swedish House of Finance, Stockholm, Sweden | 101.76 | 2 | 0.97 |
| 104 | Université du Québec à Montréal (UQAM) → École des Sciences de la Gestion (ESG) → Chaire d'Information Financière et Organisationnelle (CIFO), Montréal, Canada | 102.41 | 2 | 0.78 |
| 104 | McGill University → Desautels Faculty of Management → Desmarais Global Finance Research Centre, Montréal, Canada | 102.78 | 1 | 0.25 |
| 104 | Xiamen University → School of Economics → Department of Finance, Fujian, China | 103.15 | 2 | 1.50 |
| 104 | University of Reading → Henley Business School → Department of Real Estate and Planning, Reading, United Kingdom | 103.29 | 2 | 1.95 |
| 104 | National Institute of Bank Management (NIBM), Pune, India | 103.85 | 4 | 4 |
| 105 | Universitat de Barcelona → Grup de Sistemes Estocástics i Dynámica Financera, Barcelona, Spain | 104.15 | 1 | 1 |
| 106 | University of Pennsylvania → Wharton School of Business → Jacobs Levy Equity Management Center for Quantitative Financial Research, Philadelphia, Pennsylvania (United States) | 104.51 | 1 | 0.10 |
| 106 | Johannes-Kepler-Universität Linz → Institut für Betriebliche Finanzwirtschaft, Linz, Austria | 104.60 | 2 | 2 |
| 107 | University of Georgia → Terry College of Business → Department of Banking and Finance, Athens, Georgia (United States) | 105.33 | 2 | 2 |
| 107 | Sun Yat-Sen University → Lingnan (University) College → Department of Finance, Guangzhou, China | 106.25 | 2 | 2 |
| 107 | National Research University Higher School of Economics (HSE) → International Laboratory of Quantitative Finance, Moscow, Russia | 107.44 | 6 | 4.50 |
| 108 | Academia de Studii Economice din Bucureşti → Center for Advanced Research in Finance and Banking (CARFIB), Bucureşti, Romania | 107.61 | 6 | 3.94 |
| 108 | Southwestern University of Finance and Economics (SWUFE) → Institute of Chinese Financial Studies, Chengdu, China | 108.05 | 2 | 2 |
| 108 | Federal Reserve Bank of Dallas → Financial Industry Studies Department, Dallas, Texas (United States) | 108.32 | 4 | 3.50 |
| 108 | Universidad del Bío-Bío → Facultad de Ciencias Empresariales → Departamento de Economía y Finanzas, Concepción, Chile | 108.79 | 2 | 2 |
| - | Goethe Universität Frankfurt am Main → House of Finance → International Center for Insurance Regulation, Frankfurt am Main, Germany | 109.40 | 1 | 0.50 |
| 108 | Indian Institute of Finance, Delhi, India | 109.61 | 2 | 2 |
| 109 | Nanjing Agricultural University → College of Finance, Nanjing, China | 110.06 | 1 | 1 |
| 110 | Vysoká Škola Finanční a Správní (VŠFS), Praha, Czech Republic | 110.22 | 8 | 6.85 |
| 111 | Université de Tunis El Manar → Faculté des Sciences Économiques et de Gestion → Économétrie Appliquée à la Finance, Tunis, Tunisia | 110.42 | 11 | 9.10 |
| 111 | Fairfield University → Department of Finance, Fairfield, Connecticut (United States) | 110.47 | 1 | 1 |
| 112 | Libera Università Internazionale degli Studi Sociali Guido Carli (LUISS) → Centro Arcelli per gli Studi Monetari E Finanziari (CASMEF), Roma, Italy | 111.05 | 3 | 1.70 |
| 113 | National Chi Nan University → College of Management → Department of Banking and Finance, Nantou Hsien, Taiwan | 111.25 | 1 | 1 |
| 113 | University of Cambridge → Judge Business School → Cambridge Centre for Risk Studies, Cambridge, United Kingdom | 112.25 | 1 | 1 |
| 113 | Shanghai Business School → Research Center of Finance, Shanghai, China | 112.25 | 1 | 1 |
| 113 | Babcock University → Department of Economics, Ilishan-Remo, Nigeria | 113.20 | 4 | 4 |
| 114 | Chung Yuan Christian University → Department of Finance, Chung-Li, Taiwan | 113.40 | 2 | 2 |
| 115 | University of Missouri → Financial Research Institute (FRI), Columbia, Missouri (United States) | 113.44 | 1 | 0.40 |
| 116 | National and Kapodistrian University of Athens → Department of Economics → Center of Financial Studies, Athens, Greece | 113.46 | 2 | 1.49 |
| 116 | University of Delhi → Department of Financial Studies, Delhi, India | 114.03 | 2 | 2 |
| 117 | Hunan University → School of Finance and Statistics, Changsha, China | 115.61 | 1 | 1 |
| 118 | Çankaya Üniversitesi → Bankacılık ve Finans Bölümü, Ankara, Turkey | 115.77 | 2 | 2 |
| 119 | University of St. Thomas → Finance Department, St. Paul, Minnesota (United States) | 116.34 | 2 | 2 |
| 120 | Franklin University Switzerland → Department of Economics and Finance, Sorengo, Switzerland | 116.57 | 1 | 0.85 |
| 121 | School for Advanced Studies in Venice → Economics and Organization, Venezia, Italy | 116.62 | 3 | 3 |
| 122 | Ankara Hacı Bayram Veli Üniversitesi (AHBV) → Bankacılık ve Sigotacılık Yüksekokulu → Bankacılık Bölümü, Ankara, Turkey | 117.17 | 1 | 1 |
| 123 | University of Ioannina → Department of Accounting and Finance, Ioannina, Greece | 117.28 | 1 | 1 |
| 124 | Karl-Franzens-Universität Graz → Social- und Wirtschaftswissenschaftliche Fakultät → Institut für Finanzwirtschaft, Graz, Austria | 118.35 | 6 | 6 |
| - | Universität St. Gallen → School of Finance → Institut für Operations Research und Computational Finance (IORCF), Sankt Gallen, Switzerland | 118.65 | 3 | 3 |
| 124 | Universidad Complutense de Madrid → Facultad de Ciencias Económicas y Empresariales → Departamento de Administración Financiera y Contabilidad, Madrid, Spain | 119.15 | 3 | 3 |
| 124 | Ukrainian Academy of Banking of the National Bank of Ukraine, Sumy, Ukraine | 119.32 | 25 | 24.47 |
| 125 | University of Waikato → Waikato Management School → Department of Finance, Hamilton, New Zealand | 119.96 | 1 | 1 |
| 125 | University at Albany, State University of New York (SUNY) → School of Business → Center for Institutional Investment Management (CIIM), Albany, New York (United States) | 120.07 | 1 | 1 |
| 125 | HEC Montréal (École des Hautes Études Commerciales) → Institut sur la Retraite et l'Épargne, Montréal, Canada | 120.93 | 2 | 1.50 |
| 125 | Texas Tech University → Department of Personal Financial Planning, Lubbock, Texas (United States) | 121.01 | 1 | 1 |
| 126 | Institute for Financial Management Research (IFMR), Chennai, India | 121.46 | 5 | 6 |
| 127 | Työeläkevakuuttajat TELA ry, Helsinki, Finland | 121.57 | 1 | 1 |
| 128 | University of Toronto → RiskChina Research Center, Toronto, Canada | 122.51 | 1 | 1 |
| 129 | Yale University → School of Management → Program on Financial Stability, New Haven, Connecticut (United States) | 122.85 | 5 | 4.50 |
| 129 | California State Polytechnic University → Department of Finance, Real Estate and Law, Pomona, California (United States) | 123.94 | 1 | 1 |
| 130 | University of Technology Sydney → Business School → Finance Discipline Group → Paul Woolley Centre for Capital Market Dysfunctionality, Sydney, Australia | 124.47 | 1 | 0.50 |
| 130 | Universidad de Sevilla → Facultad de Ciencias Económicas y Empresariales → Departamento de Economía Financiera y Dirección de Operaciones, Sevilla, Spain | 125.05 | 2 | 2 |
| 131 | Technische Universität München → Fakultät für Wirtschaftswissenschaften → Lehrstuhl für Volkswirtschaftslehre, Finanzwissenschaft und Industrieökonomik, München, Germany | 125.09 | 3 | 3 |
| 131 | Universitas Bina Nusantara (BINUS) → Fakultas Ekonomi dan Komunikasi → Departemen Akuntansi dan Keuangan, Jakarta, Indonesia | 125.29 | 2 | 2 |
| 132 | Ankara Yıldırım Beyazıt Üniversitesi → İşletme Fakültesi → Bankacılık ve Finans Bölümü, Ankara, Turkey | 125.52 | 2 | 1.99 |
| 132 | Jagannath University → Faculty of Business Studies → Department of Finance, Dhaka, Bangladesh | 126.43 | 1 | 0.99 |
| 132 | Università degli Studi di Trento → Dipartimento di Economia e Management → Macroeconomic and Finance Research Group (MacFin), Trento, Italy | 126.69 | 1 | 1 |
| 132 | Universidad Torcuato Di Tella → Escuela de Negocios → Centro de Investigación en Finanzas, Buenos Aires, Argentina | 126.83 | 1 | 1 |
| 132 | Universidade Federal de Minas Gerais → Faculdade de Ciências Econômicas → Centro de Pós Graduação e Pesquisa em Administração (CEPEAD), Belo Horizonte, Brazil | 127.82 | 2 | 2 |
| 132 | Begum Rokeya University → Department of Finance and Banking, Rangpur, Bangladesh | 128.39 | 1 | 1 |
| 133 | Zhongnan University of Economics and Law → School of Finance, Wuhan, China | 128.89 | 6 | 6 |
| - | Budapesti Corvinus Egyetem → Pénzügy Intézet → Makropénzügyek Tanszék, Budapest, Hungary | 129.99 | 2 | 1.80 |
| 133 | TIAA-CREF Institute, New York City, New York (United States) | 130.24 | 1 | 1 |