The first ranking of global universities based on their reputation among senior academics places LSE 37th in the world and fifth in the UK.
The World Reputation Rankings, compiled by the magazine Times Higher Education, surveyed more than 13,000 experienced academics from 131 countries. Compilers say it is the most comprehensive assessment of university reputations ever carried out.
US universities dominate, occupying seven of the top 10 places with Harvard and Massachusetts Institute of Technology first and second respectively. The UK is the second highest-rated with Cambridge and Oxford in the top 10, Imperial College 11th and University College London in 19th equal.
LSE's place is significantly higher than its position in the annual THE World University Rankings (86th).
Stuart Corbridge, pro-director for research, said: 'The esteem of hard-headed academics with many years experience in higher education is not easily won, and I'm pleased that our global reputation for research and teaching is high. We have long argued, and produced the evidence to back our arguments, that LSE does not perform well in most world university rankings in part because the metrics used in these rankings are more appropriate for the natural sciences than the social sciences. The fact that we are almost 50 places higher in this table than in the THE World University Rankings suggests that many academics agree with this judgement.'
More information about LSE and its performance in league tables
Full details of the THE's World Reputation Rankings