Evaluations, Rankings and Recognitions

EPGE: 1° Lugar


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EPGE’s Digital Prospectus (PDF)

Recent News

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)

EPGE ranked first nationwide in the evaluations of the General Course Index (IGC) of the Ministry of Education, nine times out of thirteen, encompassing more than 2,100 higher education institutions in all areas of knowledge.

The latest edition of IGC, related to the year 2019, was released on April 23, 2021 and it is available here. Historically, in the thirteen IGC evaluations since 2007, EPGE ranked first nationwide in 2007, 2009, 2010, 2011, 2015, 2016, 2017, 2018 and 2019. It came second in three evaluations (2012, 2013 and 2014) and third in 2008.

  • 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:2019201820172016201520142013201220112010200920082007.

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

II – National Student Performance Exam (ENADE) Evaluations

Ranked first in three out of the five ENADE evaluations conducted by the Brazilian Education Ministry so far. These evaluations cover around 200 higher education institutions in the Brazil that offer economic programs. The latest ENADE evaluation, related to the year 2018, was released in October 2019.

In the five ENADE evaluations since 2006 (2006, 2009, 2012, 2015 and 2018), EPGE is ranked first nationwide in the area of economics in 2006, 2015 and 2018. No other institution has come top so many times in the area of economics.

Comment by Ilan Goldfajn, the president of the Brazilian Central Bank, about the results of the latest ENADE evaluation

Comment by Beatriz Vasconcellos Araújo, former EPGE student

EPGE undergraduate students once again come first nationwide in economics in 2015 ENADE evaluation

Original Data, ENADE: 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

For many years, EPGE has been ranked as the best economics department in Latin America according to Tilburg University’s International Ranking of Economics Departments (in line with its default selection of journals). In 2018, the school came 76th in the global ranking, considering the ranking’s default selection of journals. To see some printed evaluations, click here.

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

EPGE has retained the top position among all economics departments in Latin America in the latest edition of Tilburg University’s International Ranking. The School has now this status for more than 10 years.

Tilburg University’s Ranking is widely regarded as one of the most respected in the world. It ranks the Best Economics schools based on, well-established criteria involving academic publications using an analysis of a database of the leading scientific journals in the field. The Ranking is frequently used to make international comparisons between economics departments across the world.

In the global ranking, EPGE has come 118th in the last two years. The top economics departments in the ranking include those affiliated with the London School of Economics, Harvard University, Stanford University, the University of Chicago, the University of California at Berkeley and Massachusetts Institute of Technology. In this global ranking, EPGE (118th) is rated better than some world-renowned economics departments such as those affiliated with George Washington University (123rd), Humboldt University of Berlin (123rd), Rice University (140th), the University of Hamburg (140th), the University of Bath (140th) and Barcelona Autonomous University (156th).

With regard to Latin America, the three best ranked economics departments are EPGE (118th), the economics department of the University of the Andes (130th) and the economics department of the Catholic University of Chile (181st).

To see some printed evaluations, click here.

VI – RePEc Ranking

EPGE is ranked first in the Brazilian version of IDEAS Research Papers in Economics (RePEc), an initiative that ranks and promotes scientific publications, based on a database of articles in periodicals and other publications related to economics research.

To see some printed evaluations, click here.

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

The undergraduate program at EPGE Brazilian School of Economics and Finance (FGV EPGE) maintains its leadership in the National Association of Graduate Centers in Economics (ANPEC) Exam

In the 2023 ANPEC Exam, FGV EPGE's undergraduate students achieved top position and ranked among the top five out of the top ten. With this result, the School achieves top position for the third time in the last six annual evaluations. Or for the fourth time, in the last six years, when considering only candidates from undergraduate economics courses.

The last six ANPEC exams had an average of 1001 qualified candidates across various higher education institutions. During this period, 27.5% of the students from EPGE who took the exam ranked among the top ten, a percentage more than five times higher than those presented by the other three centers with a maximum score of 7 from Capes (in descending order, 4.8%, 3.9%, and 3.8%). 

The ANPEC Exam selects students for master's and doctoral programs in Economics throughout (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 seven fellows 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 – Members of the 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 350 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 – Awards for Students

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

Letícia Nunes, a doctoral student at Fundação Getulio Vargas’ Brazilian School of Economics and Finance (FGV EPGE), won a 2020 Haralambos Simeonidis Award in the Dissertations category. The results were announced at the 48th National Economics Meeting, held by the National Association of Graduate Economics Centers (ANPEC).

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.

The Haralambos Simeonidis Awards, created by ANPEC in 1982, are aimed at stimulating 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.

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


See an email sent by EPGE to its students, alumni, employees and professors (click here).


Nobel Lectures: 12 visits to EPGE by Nobel Prize-winning economists