92% of Imperial College Business School’s research has been assessed in the Research Excellence Framework (REF) as ‘world-leading’ (4*) or ‘internationally excellent’ (3*) as published in today’s results.
This was the highest proportion achieved by any institution in the ‘business and management’ category. 4* and 3* are the top two categories in the framework and are particularly important because they are directly linked to UK government funding.
Professor Anand G. Anandalingam, Dean of the Business School said, “This REF result confirms what we already know at the School; that we are a research powerhouse in the UK, and results like these are helping to build a reputation to match.”
The REF assesses the quality of research in UK higher education institutions. It provides accountability for public investment in research and highlights the benefits of such investments. Results also inform the future allocation of funding and provide a benchmark for the research outcomes of UK institutions.
Today’s results are even better than the Business School’s performance in 2008 and are particularly impressive given the high proportion of our faculty who submitted work (94%), which is a positive commentary on the high quality of all of our faculty.
Overall, Imperial comes fourth out of major UK universities for 4* or ‘world-leading’ research, just behind the London School of Economics, Oxford and Cambridge, and ahead of UCL.
Professor James Stirling CBE FRS, Provost of Imperial College London, said: “I am especially proud to see that Imperial has improved in each of its Units of Assessment since the 2008 exercise – demonstrating excellence in science, engineering, medicine and business right across the College.
“It is a pleasure to work at a university that has such a profound impact on our society and economy – and for that to be recognised by the REF.”
The REF 2014 was conducted jointly by the Higher Education Funding Council for England (HEFCE), the Scottish Funding Council (SFC), the Higher Education Funding Council for Wales (HEFCW) and the Department for Employment and Learning, Northern Ireland (DEL).
The REF replaces the Research Assessment Exercise (RAE), which was last conducted in 2008.