Evaluations, Rankings and Recognitions

EPGE: 1° Lugar


EPGE Recognitions

Text "Distinções da EPGE" by Professor Kátia Nishiyama Alves. Used as a basis for the book EPGE 60 Years (PDF) (Portuguese only). Published on (05/03/2024)

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Recent News

EPGE's undergraduate program once again ranks first in the National Student Performance Exam (ENADE)

EPGE maintains excellent track record in ANPEC National Selection Exam, beating other undergraduate courses in Brazil (November 5, 2021)

EPGE once again comes first nationwide in Education Ministry IGC ranking (April 23, 2021)

Professor Aloisio Araujo of EPGE receives 2020 Werner Baer Award (December 8, 2020)

EPGE student receives 2020 Haralambos Simeonidis Prize (December 8, 2020)

EPGE maintains first ranked in Latin America in Tilburg University’s International Ranking (November 27, 2020)

FGV EPGE undergraduate course takes top spots in ANPEC National Selection Exam (November 17, 2020)

I – General Course Index (IGC)

In the 15 evaluations of the IGC (General Course Index) conducted by MEC, EPGE obtained 1st place nationally in 9 evaluations (2007, 2009, 2010, 2011, 2015, 2016, 2017, 2018, 2019); 2nd place in 5 evaluations and 3rd place in one evaluation. These data consider, each year, 2,100 higher education institutions (including Universities, IFETs, University Centers, Cefets, and Colleges) in all areas of knowledge. Historical data is available (IGC).

  • April 15, 2024 - FGV Notícias - Online
  • December 26, 2023 - FGV Notícias - Online
  • March 30, 2023 - FGV Notícias - Online
  • December 21, 2021 - FGV Notícias - Online
  • April 26, 2021 - FGV Notícias - Online
  • April 23, 2021 - FGV Notícias - Online
  • April 23, 2021 - BOL Notícias - PDF
  • April 23, 2021 - Estadão - PDF
  • April 23, 2021 - EXAME - PDF
  • April 23, 2021 - Correio Braziliense Online - PDF
  • April 27, 2021 - Díário do Comércio (Negócio) - PDF

Original Data, IGC:202220212019201820172016201520142013201220112010200920082007.

Testimonial from José Manuel Durão Barroso, former president of European Commission (2004-2014)

II – National Student Performance Exam (ENADE) Evaluations

First nationwide for the third consecutive time. EPGE has ranked first in 4 of the 6 evaluations conducted by MEC. The latest ENADE evaluation, relative to the year 2022, was released in October 2023.

Historically, considering the six ENADE evaluations conducted by MEC since 2006 (2006, 2009, 2012, 2015, 2018, and 2022), EPGE has ranked first nationally in 2006, 2015, 2018, and 2022. This remarkable result reaffirms EPGE's position as the Economics institution with the most first-place rankings in ENADE.

EPGE undergraduate students once again achieve 1st place nationally in the 2022 Economics ENADE.

Original Data, ENADE: 2022; 2018; 2015; 2012; 2009; 2006.

Media Coverage:

III – CAPES four-year assessments (graduate courses)

CAPES evaluation (graduate): In the four evaluations since 2010 by the Brazilian Ministry of Education graduate education support agency, CAPES, EPGE obtained the maximum possible achievable for all its graduate programs.

IV – Institutional Reaccreditation by Education Ministry

In the recently reaccreditation by the Brazilian Education Ministry, EPGE received the maximum score achievable (5) in its institutional assessment. EPGE has maximum scores from the Ministry of Education for all its programs (undergraduate, professional master’s, academic master’s and doctoral degrees).

V – Tilburg University International Ranking

Tilburg University International Ranking: This ranking, which can be easily obtained online, ranked EPGE as the first economics department in Latin America in 9 out of the last 11 five-year evaluations (usual period considered by the database), considering the default journal selection (also usual) established by the ranking itself. In the only two instances where EPGE was not in first place, the position was occupied by the University of the Andes (2016) and the University of Chile (2017). During this considered period, of the last 11 five-year evaluations, EPGE ranked second in the years it was not first place, along with the University of the Andes (2013, 2015, 2017, 2018, 2019), the University of Chile (2013, 2014, 2015, 2016), Torcuato de Tella University (2010, 2011, 2012), and PUC Chile (2020).

In the global ranking, EPGE achieved its best classification in 2018, reaching the 77th position, ahead of renowned North American and European universities. To see some printed evaluations, click here

EPGE retains the 1st position in Latin America in the Tilburg University International Ranking (News from 11/27/2020)

The EPGE Brazilian School of Economics and Finance (FGV EPGE) maintained the 1st position among all economics departments in Latin America in the latest release of the Tilburg University International Ranking, maintaining a tradition of over ten years.

The ranking is one of the most respected in the world and lists the best Schools of Economics based on clear and well-established criteria of academic publications, using a database analysis of the main scientific journals in the field. The Tilburg ranking often serves as a basis for international comparisons among all economics departments worldwide.

In the global ranking, EPGE appears, in the last two years, in the 118th position. The top economics departments in this global ranking include those associated with the London School of Economics, Harvard University, Stanford University, University of Chicago, University of California-Berkeley, and the Massachusetts Institute of Technology. In this global ranking, EPGE (118th) ranks higher than globally recognized economics departments such as those associated with George Washington University (123rd), Humboldt University of Berlin (123rd), Rice University (140th), University of Hamburg (140th), University of Bath (140th), Autonomous University of Barcelona (156th), among others.

Regarding Latin America, the three highest-ranked departments are, in addition to EPGE (118th), the economics departments of the University of the Andes (130th) and the Pontifical Catholic University of Chile (181st).

To see some printed evaluations, click here.

VI – RePEc Ranking

EPGE was ranked first in the Brazilian version of IDEAS Research Papers in Economics (RePEc),Considering the December rankings of each year from 2005 to 2023, EPGE was ranked first among Brazilian economics institutions in 16 of the 19 evaluations surveyed from December each year since 2005.

The IDEAS RePEc is a project for disseminating scientific publications, being a database of articles in journals and other bibliographic publications related to economics research.

To see some printed evaluations, click here.

VII – National Association of Graduate Economics Centers (ANPEC) National Selection Exam

Regarding the national selection exam conducted by ANPEC, both the 2023 and 2024 exams, the first-place in this national exam chose EPGE to continue their graduate studies (master's with a possible extension to a doctorate). Additionally, five of the top ten in the last exam also chose EPGE. This choice occurs in a context of 50 other academic centers.

A complementary statistic regarding ANPEC concerns the performance of each department's undergraduates in the exam. In this regard, in the last seven ANPEC exams, with an average of 964 candidates classified from various higher education institutions, 24.4% of EPGE undergraduates who took the exam were among the top ten finishers. This percentage exceeds those presented by the four other centers with a maximum CAPES score of 7 (in descending order, 7.7%; 3.5%, 3.2%, and 2.4%).

In the 2023 ANPEC Exam, FGV EPGE undergraduates secured five of the top ten positions. In the last seven years, EPGE students have achieved first place in the exam four times when considering only those from undergraduate economics courses.

The ANPEC Exam selects students for master's and doctoral programs in Economics across the country.

The tables posted here provide more information.

Media Coverage:

  • FGV Notícias (December 2, 2021)
  • FGV Notícias (December 3, 2020)
  • First ranked in 2019 ANPEC Evaluation – FGV Notícias (Online) (November 26, 2018)
  • First ranked in 2018 ANPEC Evaluation – FGV Notícias (Online) (January 24, 2018)
VIII – Brazilian Econometric Society

FGV EPGE has won the Brazilian Econometric Society Awards for more times than any other school.

Source of data: www.sbe.org.br/#premios


IX – Econometric Society

Four of the Econometric Society currently working at economics departments in Brazil are at EPGE: Aloisio Araujo (also a member of the U.S. National Academy of Sciences), Marcelo Moreira, Marilda Sotomayor (also a member of the U.S. National Academy of Sciences) and Paulo Klinger.

Source of data: https://www.econometricsociety.org/society/organization-and-governance/fellows


X – American Academy of Arts and Sciences (AAAS)

EPGE professors Aloisio Araujo and Marilda Sotomayor were elected members of the American Academy of Arts and Sciences (AAAS), in 2003 and 2020, respectively.

XI – International Visits

Periodically, EPGE has welcomed the most distinguished professors and researchers in Economics. Since 2010, over 500 professors from the best Departments of Economics abroad have visited EPGE, including twelve visits of researchers awarded with the Nobel Prize in Economics: Robert Engle, Christopher Sims, James Heckman, Edward Prescott, Robert Lucas Jr, Eric Maskin, John Nash. During the pandemic, the laureate Jean Tirole also presented a seminar remotely.

XII – Editora Abril Students’ Guide

EPGE has consistently received the highest score in all editions of the Editora Abril Students’ Guide, including the latest one in 2018.

XIII – University Guide

In the 2023 Brazilian University Guide, EPGE obtained the maximum score achievable (five stars).

Media Coverage:

XIV – Awards for Professors

Professor Aloisio Araujo of EPGE receives 2020 Werner Baer Award (news story, December 8, 2020)

Professor Aloisio Araujo of Fundação Getulio Vargas’ Brazilian School of Economics and Finance (FGV EPGE) is the winner of the 2020 Werner Baer Award. This was announced on December 7 at the opening ceremony of the 48th National Economics Meeting, held by ANPEC.

The Werner Baer Award, sponsored by the Lemann Foundation in partnership with the University of Illinois, pays tribute to the careers and legacies of renowned researchers. The aim is to recognize exceptional and transformational work, focused on Brazil’s development, specifically in the areas of education economics, education funding, economics teaching and the role of science in the economy.

Aloisio Araujo is a member of the American Academy of Arts and Sciences and American Economic Association. He is the vice dean of FGV EPGE and one of its professors, as well as an emeritus researcher at the Institute of Pure and Applied Mathematics (IMPA), a member of the Brazilian Academy of Science and a fellow of the Guggenheim Foundation, Econometric Society, Society for the Advancement of Economic Theory (of which he is a former president) and the Third World Academy of Sciences. In 1999, he received the Order of Scientific Merit from the president of Brazil. In 2019, he was appointed a special advisor to Brazil’s economy minister.

You can read Professor Aloisio Araujo’s biography, including details about his career, awards and titles, here.

Media Coverage:

Other recent awards for professors:

XV – Student Awards

EPGE student receives 2020 Haralambos Simeonidis Prize (news story, December 8, 2020)

In 2023, a graduate from the School's master's and doctoral programs was awarded the Wallace E. Oates Prize for the best doctoral thesis. This annual award, dedicated to environmental economics, highlights the international prominence of our student body, as it has been awarded to graduates from Columbia, Berkeley, and Yale Universities over the past three years. The thesis also received the Haralambos Simeonidis Prize in Brazil and an honorable mention in the 2023 Capes Thesis Award.

Nunes started her doctorate at FGV EPGE in 2015, after doing an undergraduate degree and academic master’s at the school. Her doctoral dissertation, titled Essays in Health Economics, was produced under the guidance of Professor Francisco Costa of FGV EPGE.

Established in 1982 by ANPEC, the Haralambos Simeonidis Prize aims to stimulate reflection and research regarding economics in Brazil. Every year, awards are given for the best papers in the categories of Articles, Books and Doctoral Dissertations. Since 2010, graduates of EPGE's doctoral program have won the Haralambos Simeonidis Prize three times (2023, 2020, and 2010).

Doctoral theses from the School have received honorable mention in the Capes Thesis Award on three other occasions (2023, 2021, and 2015) since 2010.

EPGE also excels in finance, winning the ANBIMA Capital Markets Award, which aims to encourage academic production in the sector, four times at the doctoral level (2018, 2016, 2015, and 2011) and once at the master's level (2019) since 2010.

Other recent awards for students:



Here are some other articles related to this subject, published in previous years:


  • January 14, 2011 – FGV school in Rio de Janeiro ranks top nationwide in General Course Index (IGC) evaluation – O Globo

2020: See FGV ad in O Globo in October 2020

2019: See FGV ad in O Globo in December 2019

  • December 14, 2019 – As Fundação Getulio Vargas celebrates its 75th anniversary, it has five schools among the eight best in Brazil, according to Ministry of Education – Jornal O Globo – PDF
  • December 13, 2019 – Schools obtain maximum score and FGV remains on top of Ministry of Education national course ranking – FGV Notícia – Online
  • January 15, 2019 – Fundação Getulio Vargas school is best in Brazil for seventh time – Estado de Minas Online – PDF | Online


  • December 12, 2018 – The secrets behind universities of excellence – Jornal O Globo – PDF | Online | Clipping
  • December 18, 2018 – Dean of FGV EPGE praises quality of FGV students: “They are our greatest treasure” – FGV Notícias – Online
  • December 18, 2018 – The best universities in Brazil, according to Ministry of Education – Exame – PDF | Online
  • December 19, 2018 – The 10 institutions with the best master’s and doctoral programs in Brazil, according to Ministry of Education – Época Negócios – PDF | Online
  • December 19, 2018 – The return of Saint Peter of Alcantara – Jornal O Globo (page 10) – PDF
  • December 19, 2018 – Higher education: only 34 institutions obtain maximum score – Jornal O Globo (page 24) – PDF


  • December 8, 2017 – FGV leads IGC ranking of Brazil’s best universities – Jornal Valor Econômico – PDF | Print Version | Online
  • November 29, 2017 – Teaching excellence: FGV stays at top of Ministry of Education national course ranking – FGV Notícias | Online
  • November 28, 2017 – The best universities in Brazil, according to Ministry of Education – Exame – PDF | Online
  • June 13, 2017 – Rio de Janeiro has three of Brazil’s 10 best higher education courses – Jornal O Globo – PDF | Online
  • June 13, 2017 – FGV EPGE leads higher education quality ranking – Folha Dirigida – PDF | Online
  • June 7, 2017 – FGV leads ranking of Brazil’s best universities – Jornal Valor Econômico – PDF | Online 


  • February 16, 2016 – Science underpins Rio de Janeiro’s best higher education institutions – Folha Dirigida


  • December 6, 2015 – What makes Rio’s best schools stand out in IGC ranking – Folha Dirigida
  • January 9, 2015 – FGV Notícias – Interview with dean of EPGE about excellence in higher education – PT | EN
  • December 19, 2014 – Three FGV schools lead Ministry of Education national quality ranking – O Globo
  • December 19, 2013 – IGC: the secret lies in attracting talents – Folha Dirigida 
  • December 19, 2013 – FGV EPGE dean discusses school’s performance in interview with Folha Dirigida - FGV News
  • December 17, 2013 – IGC: challenges of graduate education in Brasil – Folha Dirigida
  • December 12, 2013 – IGC result confirms FGV as leader in Brazilian education – FGV News
  • December 10, 2013 – FGV EPGE and UENF stand out in IGC ranking – Folha Dirigida 
  • December 7, 2013 – Just 13 courses retain maximum score in Ministry of Education evaluation – Folha de SP
  • December 7, 2013 – Ministry of Education examines courses and universities – Folha de SP 
  • December 6, 2013 – Just 98 undergraduate courses obtain maximum score in Ministry of Education evaluation – O Globo

2012: See FGV’s ad in O Globo on December 16, 2012

  • December 13, 2012 – For third year in a row, Ministry of Education rates FGV EPGE Brazil’s best higher education school – Isto é Dinheiro
  • December 12, 2012 – National Student Performance Exam (ENADE) results are announced – O Estado de São Paulo
  • December 7, 2012 – Article in O Globo about IGC
  • December 7, 2012 – Article in O Estado de São Paulo about IGC
  • December 6, 2012 – Rio de Janeiro has four universities with maximum IGC score and 25 fails – O Globo
  • November 18, 2011 – In Rio de Janeiro, five universities obtain maximum score in IGC evaluation – O Globo
  • November 18, 2011 – Article in O Estado de São Paulo about IGC 
  • November 18, 2011 – Article in Gazeta do Povo about IGC
  • January 30, 2011 – Programs obtain maximum score for first time – Folha de São Paulo and erratum
  • January 20, 2011 – Lessons from Brazil’s best higher education institution – Folha Dirigida
  • January 14, 2011 – FGV school in Rio ranks top in Brazil in IGC evaluation – O Globo


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