Message from the Dean

Professor Rubens Penha Cysne - Dean of FGV EPGE

The purpose of the EPGE Brazilian School of Economics and Finance (FGV EPGE) is to contribute to teaching and to the expansion of knowledge in the field of economics. Always supported by research activities carried out by faculty and students, the pursuit of excellence applies to undergraduate and to graduate programs. Achieving academic and scientific excellence is the main commitment of EPGE. An excellence that can be measured by the outstanding success of our students in the job market.

Since its foundation, in 1961, EPGE has trained some of the top Brazilian economists. Through its faculty and students, it has also provided effective contributions to Brazilian economic development. Such contributions have been achieved not only through the provision of quality standards in education, but also through the practical application of research results in the public and private spheres.

EPGE alumni include professors and researchers in some of the best economics departments and institutions worldwide; Finance Secretaries of State; Governors, Presidents of Brazil’s Central Bank; as well as Chief Executive Officers (CEO) from prestigious private companies, in Brazil or abroad.

In order to achieve its long-term objectives, the school is guided by the principles of a permanent union between teaching and research; of encouraging constructive questioning and thinking; of internationalization of faculty and students; of academic merit and (in the case of providing student grants) of social needs as important parameters in its decisions; of interdisciplinarity; and of equality. Below, we elaborate a little on each of these points.

The publications of EPGE faculty in the top international scientific journals have been growing steadily, especially after the mid-90s. Faculty members are committed to full-time teaching and research, and invited to lecture their research results in the best departments of economics and business worldwide.

Periodically, EPGE hosts the most distinguished professors and researchers from the field. Since 2010, more than 500 professors from the best economics departments worldwide visited our school, including seven Economics Nobel Laureates: Robert Engle, Christopher Sims, James Heckman, Edward Prescott, Robert Lucas Jr, Eric Maskin and John Nash. Faculty exchange plays a positive role in research, as well as in the placement of students who wish to continue their studies abroad at the best and most prominent economics departments.

The School offers Doctorate, Master, Professional Master and Bachelor degrees in economics. It also publishes the Brazilian Review of Economics, the oldest academic journal of economics in Brazil.

The use of rankings is common in Departments’ evaluations. Such procedure can be useful to the extent that they allow a full and beneficial signaling for society. This is the case mainly when results point usually in the same direction, coming from different origins and distinct points in time. In both cases, there is a factual provision of robustness, attributing adequacy to their use by potential students.

EPGE fulfills this criterion of robustness in excellence.

The International Ranking of the Tilburg University ranks EPGE as the first department of economics in Latin America. In 2018, it has ranked among the top 80 departments of economics in the world.

Regarding the ratings of the Brazilian National Secretary of Education (MEC), EPGE ranked first in the last Índice Geral de Cursos - IGC* (index used to evaluate the performance of higher-education institutions in Brazil). As a result, the School now ranks first in this evaluation (IGC) for the eighth time in all of the twelve evaluations performed by MEC so far. Such IGC evaluations includes 2072 Higher-Education Institutions in Brazil, of all types and in all areas of knowledge.

EPGE also ranked first in the last ENADE exam, a test specifically designed to graduating students in Economics. In the five Economics ENADE national evaluations historically carried out by MEC so far, EPGE ranked first 3 times.

Regarding undergraduate courses, EPGE students ranked first in 2018 and 2019 ANPEC’s (National Association of Graduate Courses in Economics) master – PhD entering exam. In both cases, the students chose to continue studying at EPGE for Master/PhD. The exam includes around 1.250 students from all over Brazil.

With respect to graduate evaluations (CAPES – MEC), EPGE has the highest possible grade in the evaluations of all its programs.

For more information on rankings, ratings and their repercussions in the media, click here.

For testimonials about EPGE, click here.

For an overview of the numerous events and conferences recently promoted by EPGE, click here.

I hope this short text provides the reader a useful view of EPGE.


Rubens Penha Cysne
Professor and Dean

Rio de Janeiro, December 2019.