| 1 | Tinbergen Instituut, Amsterdam, Netherlands | 1.09 | 142 | 55.64 |
| 2 | University of Pennsylvania → Wharton School of Business → Finance Department, Philadelphia, Pennsylvania (United States) | 1.59 | 31 | 25.95 |
| 3 | New York University (NYU) → Stern School of Business → Finance Department, New York City, New York (United States) | 1.73 | 19 | 15.64 |
| 4 | Northwestern University → Kellogg Graduate School of Management → Department of Finance, Evanston, Illinois (United States) | 1.83 | 18 | 15.11 |
| 5 | Centro Studi di Economia e Finanza (CSEF), Napoli, Italy | 2.21 | 72 | 49.09 |
| 6 | Shanghai Jiao Tong University → Shanghai Advanced Institute of Finance (SAIF), Shanghai, China | 3.02 | 34 | 32.54 |
| 7 | Harvard University → Harvard Business School → Finance Unit, Cambridge, Massachusetts (United States) | 3.20 | 10 | 7.69 |
| 8 | Ohio State University → Fisher College of Business → Department of Finance, Columbus, Ohio (United States) | 3.46 | 2 | 2 |
| 9 | Duke University → Fuqua School of Business → Finance Area, Durham, North Carolina (United States) | 3.96 | 9 | 7.50 |
| 10 | Swiss Finance Institute, Genève/Zürich, Switzerland | 4.22 | 33 | 15.10 |
| 11 | Università Commerciale Luigi Bocconi → Dipartimento di Finanza, Milano, Italy | 4.94 | 30 | 23.04 |
| 12 | Fudan University → Fanhai International School of Finance, Shanghai, China | 5.02 | 8 | 7.47 |
| 13 | London School of Economics (LSE) → Finance Department, London, United Kingdom | 5.33 | 11 | 9.39 |
| 14 | University of Maryland → Robert H. Smith School of Business → Finance Department, College Park, Maryland (United States) | 5.90 | 9 | 8.50 |
| 15 | University of California-Los Angeles (UCLA) → Anderson Graduate School of Management → Finance Group, Los Angeles, California (United States) | 5.95 | 8 | 6.50 |
| 16 | University of Texas-Austin → McCombs School of Business → Department of Finance, Austin, Texas (United States) | 6.22 | 9 | 7.90 |
| 17 | University of Pennsylvania → Wharton School of Business → Financial Institutions Center, Philadelphia, Pennsylvania (United States) | 6.46 | 7 | 4.43 |
| 18 | Stockholm School of Economics → Department of Finance, Stockholm, Sweden | 6.64 | 9 | 8.22 |
| 19 | University of Wisconsin-Madison → School of Business → Department of Finance, Investment and Banking, Madison, Wisconsin (United States) | 6.74 | 6 | 5.35 |
| 20 | University of Illinois at Urbana-Champaign → College of Business → Department of Finance, Urbana-Champaign, Illinois (United States) | 6.79 | 9 | 7.10 |
| 21 | London School of Economics (LSE) → Financial Markets Group (FMG), London, United Kingdom | 6.82 | 13 | 7.79 |
| 22 | Tsinghua University → PBC School of Finance, Beijing, China | 6.86 | 13 | 12.08 |
| 23 | Universität St. Gallen → School of Finance, Sankt Gallen, Switzerland | 6.98 | 43 | 40.28 |
| 24 | Utah State University → Jon M. Huntsman School of Business → Department of Economics and Finance, Logan, Utah (United States) | 7.15 | 22 | 20.48 |
| 25 | City St George's → Bayes Business School → Faculty of Finance, London, United Kingdom | 7.25 | 18 | 16.91 |
| 26 | University of Utah → David Eccles School of Business → Department of Finance, Salt Lake City, Utah (United States) | 7.30 | 10 | 9 |
| 27 | Princeton University → Department of Economics → Bendheim Center for Finance, Princeton, New Jersey (United States) | 7.34 | 7 | 5.01 |
| 28 | Boston College → Wallace E. Carroll School of Management → Finance Department, Chestnut Hill, Massachusetts (United States) | 7.55 | 11 | 9.75 |
| 29 | Goethe Universität Frankfurt am Main → Fachbereich Wirtschaftswissenschaft → Abteilung Finanzen, Frankfurt am Main, Germany | 7.74 | 15 | 11.54 |
| 30 | Monash University → Monash Business School → Department of Banking and Finance, Caulfield, Australia | 7.83 | 34 | 33.35 |
| 31 | Université de Strasbourg → Institut de Finance de Strasbourg, Strasbourg, France | 7.87 | 25 | 20.88 |
| 32 | University of Warwick → Warwick Business School → Finance Group, Coventry, United Kingdom | 8.02 | 15 | 14.24 |
| 33 | Universität Zürich → Wirtschaftswissenschaftliche Fakutält → Institut für Banking und Finance (Institut für Schweizerisches Bankwesen), Zürich, Switzerland | 8.23 | 16 | 9.47 |
| 34 | University of Toronto → Rotman School of Management → Finance, Toronto, Canada | 8.34 | 12 | 11 |
| 35 | Erasmus Universiteit Rotterdam → Rotterdam School of Management (RSM Erasmus University) → Department of Finance, Rotterdam, Netherlands | 8.40 | 12 | 10.95 |
| 36 | Indiana University → Kelley School of Business → Department of Finance, Bloomington, Indiana (United States) | 8.42 | 8 | 7.50 |
| 37 | BI Handelshøyskolen → Institutt for Finans, Oslo, Norway | 8.47 | 23 | 22.43 |
| 38 | UNSW Sydney → UNSW Business School → School of Banking and Finance, Sydney, Australia | 8.49 | 8 | 7.82 |
| 39 | University of British Columbia → Sauder School of Business → Finance Division, Vancouver, Canada | 8.60 | 6 | 6 |
| 40 | Universiteit van Amsterdam → Faculteit Economie en Bedrijfskunde → Finance Group, Amsterdam, Netherlands | 8.83 | 12 | 9.35 |
| - | Université de Strasbourg → Institut de Finance de Strasbourg → Laboratoire de Recherche en Gestion (LaRGE), Strasbourg, France | 8.94 | 25 | 20.88 |
| 41 | City University of Macao → Faculty of Finance, Macau, Macao | 8.97 | 4 | 4 |
| 42 | University of Reading → Henley Business School → ICMA Centre for Financial Markets, Reading, United Kingdom | 9.04 | 14 | 13 |
| 43 | Copenhagen Business School → Institut for Finansiering, København, Denmark | 9.08 | 4 | 2.85 |
| 44 | Leibniz-Institut für Finanzmarktforschung SAFE (Sustainable Architecture for Finance in Europe), Frankfurt am Main, Germany | 9.24 | 19 | 10.18 |
| 45 | Universiteit van Amsterdam → Faculteit Economie en Bedrijfskunde → Center for Nonlinear Dynamics in Economics and Finance (CeNDEF), Amsterdam, Netherlands | 9.28 | 10 | 6.72 |
| 46 | New York University (NYU) → Stern School of Business → Volatility Institute, New York City, New York (United States) | 9.71 | 2 | 0.77 |
| 47 | DePaul University → Graduate School of Business → Department of Finance, Chicago, Illinois (United States) | 10.04 | 7 | 5.67 |
| 48 | University of California-Berkeley → Walter A. Haas School of Business → Finance Group, Berkeley, California (United States) | 10.23 | 5 | 4.49 |
| 49 | CUNEF Universidad, Madrid, Spain | 10.31 | 24 | 22.95 |
| 50 | Arizona State University → W.P. Carey School of Business → Department of Finance, Tempe, Arizona (United States) | 10.52 | 2 | 2 |
| 51 | Universidade do Minho → Escola de Economia e Gestão → Núcleo de Investigação em Políticas Económicas e Empresariais (NIPE), Braga, Portugal | 10.84 | 30 | 17.28 |
| 52 | University of Illinois at Chicago → College of Business Administration → Department of Finance, Chicago, Illinois (United States) | 10.95 | 4 | 3.50 |
| 53 | Boston University → Questrom School of Business → Department of Finance, Boston, Massachusetts (United States) | 11.20 | 5 | 4.48 |
| 54 | University of Piraeus → Department of Banking and Financial Management, Piraeus, Greece | 11.32 | 24 | 20.20 |
| 55 | Southwestern University of Finance and Economics (SWUFE) → Institute of Financial Studies, Chengdu, China | 11.36 | 2 | 2 |
| 56 | University of Washington → Michael G. Foster School of Business → Department of Finance and Business Economics, Seattle, Washington (United States) | 11.51 | 5 | 4.50 |
| - | Universität St. Gallen → School of Finance → Schweizerisches Institut für Banken und Finanzen (SBF), Sankt Gallen, Switzerland | 11.59 | 25 | 23.74 |
| 57 | Georgia State University → J. Mack Robinson College of Business → Department of Risk Management and Insurance, Atlanta, Georgia (United States) | 11.60 | 2 | 1.75 |
| 58 | Hong Kong University of Science and Technology (HKUST) → Business School → Department of Finance, Kowloon, Hong Kong | 11.87 | 6 | 6 |
| 59 | Université de Genève → Geneva Finance Research Institute (GFRI), Genève, Switzerland | 11.97 | 8 | 4.52 |
| 60 | University of Queensland → School of Economics → Risk and Sustainable Management Group (RSMG), Brisbane, Australia | 12.11 | 5 | 4.45 |
| 61 | Athens University of Economics and Business (AUEB) → Department of Accounting and Finance, Athens, Greece | 12.36 | 21 | 19.84 |
| 62 | Università Commerciale Luigi Bocconi → BAFFI Centre on Economics, Finance and Regulation, Milano, Italy | 12.41 | 20 | 6.99 |
| 63 | Université de Lausanne → Faculté des Hautes Études Commerciales (HEC) → Institut de Banque et Finance (IBF), Lausanne, Switzerland | 12.50 | 7 | 4.27 |
| 64 | Universiteit van Tilburg → School of Economics and Management → Finance Department, Tilburg, Netherlands | 12.97 | 8 | 6.16 |
| 65 | Rutgers University-Newark → Business → Department of Finance and Economics, Newark, New Jersey (United States) | 13.11 | 5 | 5 |
| 66 | University of Sydney → Business School → Discipline of Finance, Sydney, Australia | 13.33 | 9 | 9 |
| 67 | Kennesaw State University → Coles College of Business → Department of Economics, Finance and Quantitative Analysis, Kennesaw, Georgia (United States) | 13.34 | 12 | 12 |
| 68 | Universitetet i Stavanger → Institutt for Industriell Økonomi, Risikostyring og Planlegging, Stavanger, Norway | 13.39 | 7 | 7 |
| 69 | University of New Orleans → College of Business and Administration → Department of Economics and Finance, New Orleans, Louisiana (United States) | 13.72 | 4 | 3.33 |
| 70 | Drexel University → LeBow College of Business → Department of Finance, Philadelphia, Pennsylvania (United States) | 13.77 | 4 | 3.50 |
| 71 | University of Notre Dame → Mendoza College of Business → Department of Finance, South Bend, Indiana (United States) | 13.95 | 6 | 5.39 |
| 72 | Université de Limoges → Faculté de Droit et des Sciences Économiques → Laboratoire d'Analyse et de Prospective Économique (LAPE), Limoges, France | 13.97 | 13 | 13 |
| 73 | Université du Luxembourg → Faculté de droit, d'économie et de finance → Department of Finance, Luxembourg, Luxembourg | 14.08 | 27 | 23.19 |
| 74 | Chinese University of Hong Kong → Faculty of Business Administration → Department of Finance, Shatin, Hong Kong | 14.15 | 1 | 1 |
| 75 | Purdue University → Mitch Daniels School of Business → Department of Finance, West Lafayette, Indiana (United States) | 14.84 | 2 | 1 |
| 76 | Hellenic Mediterranean University → School of Management and Economics → Department of Accounting and Finance, Heraklion, Greece | 15.53 | 9 | 9 |
| 77 | European Corporate Governance Institute (ECGI), Bruxelles/Brussel, Belgium | 15.60 | 10 | 2.11 |
| 78 | Oklahoma State University → Spears School of Business → Department of Finance, Stillwater, Oklahoma (United States) | 15.89 | 7 | 6.44 |
| 79 | Université Catholique de Louvain → Louvain Institute of Data Analysis and Modelling in Economics and Statistics (LIDAM) → Louvain Finance, Louvain-la-Neuve, Belgium | 16.78 | 19 | 17.83 |
| 80 | Academia de Studii Economice din Bucureşti → Facultatea de Finante, Asigurari, Banci şi Burse de Valori, Bucureşti, Romania | 18.15 | 72 | 71.92 |
| 81 | Michigan State University → Eli Broad Graduate School of Management → Department of Finance, East Lansing, Michigan (United States) | 18.57 | 3 | 3 |
| 82 | World Bank Group → Finance and Private Sector Research, Washington, District of Columbia (United States) | 18.61 | 11 | 8.02 |
| 83 | Lancaster University → Management School → Department of Accounting and Finance, Lancaster, United Kingdom | 18.69 | 9 | 7.51 |
| 84 | National Tsing Hua University → Department of Quantitative Finance, Hsin-Chu, Taiwan | 18.80 | 13 | 12.12 |
| 85 | UNSW Sydney → UNSW Business School → ARC Centre of Excellence in Population Ageing Research (CEPAR), Sydney, Australia | 19.04 | 11 | 3.16 |
| 86 | Carleton University → Department of Economics → Centre for Monetary and Financial Economics (CMFE), Ottawa, Canada | 19.24 | 9 | 4.85 |
| 87 | Texas A&M International University → Division of International Banking & Finance Studies, Laredo, Texas (United States) | 19.43 | 3 | 3 |
| 88 | Centre for European Research in Microfinance (CERMi), Bruxelles/Brussel, Belgium | 19.57 | 34 | 16.30 |
| 89 | Texas A&M University → Mays Business School → Department of Finance, College Station, Texas (United States) | 19.80 | 6 | 5.92 |
| 90 | Asia University → College of Management → Department of Finance, Wufeng, Taiwan | 19.81 | 5 | 4.50 |
| 91 | Erasmus Universiteit Rotterdam → Faculteit der Economische Wetenschappen → Capaciteitsgroep Bedrijfseconomie, Rotterdam, Netherlands | 19.88 | 17 | 13.05 |
| 92 | Vysoká Škola Ekonomická v Praze → Fakulta Financí a Účetnictví, Praha, Czech Republic | 20.04 | 33 | 28.56 |
| 93 | Humboldt-Universität Berlin → Wirtschaftswissenschaftliche Fakultät → Sonderforschungsbereich 649: Ökonomisches Risiko, Berlin, Germany | 20.35 | 35 | 20.38 |
| 94 | Barcelona School of Economics (BSE) → Universitat Pompeu Fabra → Departament d'Economia i Empresa → Centre de Recerca en Economia Financera i Comptabilitat (CREFC), Barcelona, Spain | 20.42 | 3 | 1.22 |
| 95 | International Centre for Education in Islamic Finance (INCEIF), Kuala Lumpur, Malaysia | 20.52 | 26 | 25 |
| 96 | University of Essex → Essex Business School → Essex Finance Center, Colchester, United Kingdom | 20.55 | 5 | 4.45 |
| 97 | Norges Handelshøyskole (NHH) → Institutt for finans, Bergen, Norway | 20.59 | 6 | 5.18 |
| 98 | Université Paris-Dauphine (Paris IX) → Laboratoire d'Économie de Dauphine (LEDa) → Stratégie et Dynamiques Financières (SDFi), Paris, France | 20.72 | 12 | 9.70 |
| 99 | University of Massachusetts-Amherst → Isenberg School of Management → Department of Finance, Amherst, Massachusetts (United States) | 21.31 | 4 | 4 |
| 100 | University of Cambridge → Judge Business School → Centre for Endowment Asset Management, Cambridge, United Kingdom | 21.44 | 1 | 0.99 |
| 101 | Université Laval → Faculté des sciences de l'administration → Département finance, assurance et immobilier, Québec, Canada | 21.63 | 5 | 4.93 |
| 102 | University of California-Santa Barbara (UCSB) → Laboratory of Aggregate Economics and Finance (LAEF), Santa Barbara, California (United States) | 21.70 | 1 | 1 |
| 103 | Fordham University → Gabelli School of Business → Frank J. Petrilli Center for Research in International Finance (CRIF), New York City, New York (United States) | 22.89 | 1 | 1 |
| - | Universität St. Gallen → School of Finance → Institut für Versicherungswirtschaft, Sankt Gallen, Switzerland | 23.15 | 6 | 6 |
| 104 | Deakin University → Business School → Department of Finance, Melbourne, Australia | 23.35 | 5 | 5 |
| 105 | University of Texas-Rio Grande Valley → College of Business and Entrepreneurship → Department of Economics and Finance, Edinburg, Texas (United States) | 23.44 | 7 | 6.50 |
| 106 | Università degli Studi di Modena e Reggio Emilia → Dipartimento di Economia "Marco Biagi" → Centro Studi di Banca e Finanza (CEFIN), Modena, Italy | 23.90 | 16 | 13.60 |
| 107 | Turun Yliopisto → Turun Kauppakorkeakoulu → Laskentatoimen ja rahoituksen laitos, Turku, Finland | 24.08 | 16 | 15.50 |
| 108 | Budapesti Corvinus Egyetem → Pénzügy Intézet, Budapest, Hungary | 24.25 | 33 | 28.71 |
| 109 | Feng Chia University → College of Finance, Taichung, Taiwan | 24.28 | 3 | 2.99 |
| 110 | University of Miami → Miami Herbert Business School → Department of Finance, Coral Gables, Florida (United States) | 24.37 | 3 | 3 |
| 111 | University of Akron → College of Business → Department of Finance, Akron, Ohio (United States) | 24.50 | 3 | 2.13 |
| 112 | Deakin University → Business School → Centre for Economics and Financial Econometrics Research (CEFER), Melbourne, Australia | 25.01 | 4 | 4 |
| 113 | Babson College → Finance Division, Babson Park, Massachusetts (United States) | 25.24 | 3 | 3 |
| 114 | Université de Namur → Faculté Économie, Management, Communication, Sciences Po → Center for Research in Finance and Management (CeReFiM), Namur, Belgium | 25.29 | 7 | 4.01 |
| 115 | Vrije Universiteit Amsterdam → School of Business and Economics → Finance Department, Amsterdam, Netherlands | 25.52 | 9 | 7.37 |
| 116 | University of Sussex → Sussex Business School → Department of Accounting and Finance, Brighton, United Kingdom | 25.52 | 4 | 3.34 |
| 117 | Vaasan yliopisto → Kauppatieteellinen tiedekunta → Laskentatoimen ja Rahoituksen Yksikkö, Vaasa, Finland | 25.69 | 9 | 8 |
| 118 | Southern Methodist University → Cox School of Business → Finance Department, Dallas, Texas (United States) | 25.84 | 2 | 2 |
| 119 | University of Cincinnati → College of Business → Department of Finance - Real Estate, Cincinnati, Ohio (United States) | 26.07 | 3 | 2.51 |
| - | Feng Chia University → College of Finance → Department of Finance, Taichung, Taiwan | 26.20 | 2 | 1.99 |
| 120 | National Taiwan University → College of Management → Department of Finance, Taipei, Taiwan | 26.20 | 4 | 3.20 |
| 121 | Chulalongkorn University → Chulalongkorn Business School → Department of Banking and Finance, Bangkok, Thailand | 26.25 | 6 | 5.89 |
| 122 | University of Texas-Dallas → Naveen Jindal School of Management → Area of Finance and Managerial Economics, Dallas, Texas (United States) | 26.61 | 2 | 2 |
| 123 | Université Claude Bernard (Lyon 1) → Institut de Science Financière et d'Assurances (École ISFA), Lyon, France | 26.86 | 9 | 9 |
| 124 | University of Ghana → Business School → Department of Finance, Legon, Ghana | 27.58 | 7 | 7 |
| 125 | University of Connecticut → School of Business → Department of Finance, Storrs, Connecticut (United States) | 27.63 | 4 | 3.25 |
| 126 | University of Bristol → School of Accounting and Finance, Bristol, United Kingdom | 27.84 | 5 | 4.70 |
| 127 | Tampereen Yliopisto → Johtamisen ja talouden tiedekunta → Kansantaloustieteen laitos, Tampere, Finland | 27.92 | 6 | 3.67 |
| 128 | Liaoning University → School of Finance and Trade, Shenyang, China | 28.32 | 1 | 1 |
| 129 | School of Oriental and African Studies (SOAS) → School of Finance and Management (SFM), London, United Kingdom | 28.96 | 8 | 7.10 |
| 130 | University of Colorado → Leeds School of Business → Department of Finance, Boulder, Colorado (United States) | 29.41 | 1 | 1 |
| 131 | University of Cambridge → Cambridge Finance, Cambridge, United Kingdom | 29.64 | 7 | 4.04 |
| 132 | Nanyang Technological University → Nanyang Business School → Division of Banking and Finance, Singapore, Singapore | 30.17 | 4 | 3.25 |
| 133 | Academia de Studii Economice din Bucureşti → Facultatea de Finante, Asigurari, Banci şi Burse de Valori → Departamentul Finante, Bucureşti, Romania | 30.53 | 51 | 44.84 |