In their 2020 edition, Penn was ranked 15th in the world by the "QS World University Rankings" and in 2019, 17th by the "Academic Ranking of World Universities" (ARWU) and 12th by the "Times Higher Education World University Rankings". In 2019, it ranked 12th among the universities around the world by "SCImago Institutions Rankings". According to the 2015 ARWU ranking, Penn is also the 8th- and 9th-best university in the world for economics/business and social sciences studies, respectively. University of Pennsylvania ranked 12th among 300 Best World Universities in 2012 compiled by Human Resources & Labor Review (HRLR) on Measurements of World's Top 300 Universities Graduates' Performance.