<P> The 2016 Academic Ranking of World Universities ranks the university 77th among universities worldwide and 41st nationally . U.S. News & World Report ranks the university's undergraduate program 50th in its 2017 American's Best College and 14th among Top Public Schools in the United States . In 2015, the university was also ranked 101st in the QS World University Rankings . A more updated 2013--2014 World University Ranking by Times Higher Education ranks Penn State as the 49th best university in the world . Similarly, the 2013 report by the Center for World University Rankings ranks the university as Top 50 in the world . </P> <P> According to a Wall Street Journal survey released in September 2010, the university was ranked number 1 by 479 corporate recruiting executives who were asked to identify "whose bachelor degree graduates were the best - trained and educated, and best able to succeed once hired ." </P> <P> According to the Carnegie Classification of Institutions of Higher Education, the university is a research university with very high research activity . Over 10,000 students are enrolled in the university's graduate school (including the law and medical schools), and over 70,000 degrees have been awarded since the school was founded in 1922 . </P> <P> Penn State's research and development expenditure has been on the rise in recent years . For fiscal year 2013, according to institutional rankings of total research expenditures for science and engineering released by the National Science Foundation, Penn State stands second in the nation, behind only Johns Hopkins and tied with the Massachusetts Institute of Technology, in the number of fields in which it is ranked in the top ten . Overall, Penn State ranked 17th nationally in total research expenditures across the board . In 12 individual fields, however, the University achieved rankings in the top ten nationally . The fields and sub-fields in which Penn State ranked in the top ten are materials (1st), psychology (2nd), mechanical engineering (3rd), sociology (3rd), electrical engineering (4th), total engineering (5th), aerospace engineering (8th), computer science (8th), agricultural sciences (8th), civil engineering (9th), atmospheric sciences (9th), and earth sciences (9th). In eleven of these fields, moreover, the University has repeated top - ten status every year since at least 2008 . For fiscal year 2011, the National Science Foundation reported that Penn State had spent $794,846,000 on R&D and ranked 15th among U.S. universities and colleges in R&D spending . For the 2008--2009 fiscal year, Penn State was ranked ninth among U.S. universities by the National Science Foundation, with $753 million in research and development spending for science and engineering . During the 2015--2016 fiscal year, Penn State received $836 million in research expenditures . </P>

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