The University of Melbourne has been named Australia’s top tertiary institution in this year’s Academic Ranking of World Universities compiled by the Shanghai Ranking Consultancy at the Shanghai Jiao Tong University. The ranking compares around 1,200 higher education institutions globally, considering the number of alumni and staff winning Nobel Prizes, Fields Medals. Research recognition and published articles. Minister for Higher education and Skills Peter Hall has congratulated The University of Melbourne for their "tremendous achievement". Melbourne is ranked 60th in the world out of the top 500 international universities, up two places since last year. Coming first in the field of Clinical Medicine and Pharmacy in Australia, it is now ranked 36th in the world, making the university a popular destination for local and international students considering a career in the field. In addition, according to the QS World University Rankings 2010-2011, the university is ranked 9th in the world for graduate employability. With this success rate, the university already attracts more than 11,800 international students from over 120 countries. Being named Australia’s best university will see its international reputation continue to grow. "Victoria is justifiably proud of the high quality and achievements of its universities. And while the state already has a reputation for having universities of world class standard, this result will reinforce and boost that reputation worldwide," said Mr Hall. Monash university also performed well in the Australian Ranking, achieving joint 6th place while La Trobe and Swinbourne were both ranked in the top 20. Mr Hall said local students benefit from Victoria’s reputation as a centre for excellence in higher education and local and national industry will benefit from access to the country’s best graduates to support their growth and international competitiveness.