Deakin was awarded a 5-star rating by the prestigious university ranking organisation Quacquarelli Symonds (QS). The rating indicates that the university is considered to be world-class in a broad range of areas, has cutting-edge facilities and is internationally renowned for its research and teaching. Deakin is ranked 59 in the world in the Times Higher Education Top 100 Universities under 50 years of age rankings (2014). Deakin is a sector leader for student satisfaction, first in Victoria for the fourth consecutive year (Australian Graduate Survey). Deakin regularly does well in national awards for teaching excellence. Deakin has achieved considerable success in ARC and NHMRC grants and the Australian government's Excellence in Research (ERA) initiative has assessed much of Deakin's research as being either world-class or above world standards.