Deakin University has been ranked number one in Victoria, among the top ten in Australia and number 59 in the world by the Times Higher Education's list of the world's top 100 universities under 50 years old.
Vice-Chancellor Professor Jane den Hollander said Deakin was thrilled with the result and owed its growing success to a strong vision for the future and its wonderful staff, researchers, students, communities and partners.
"In the space of one year Deakin moved up seven places from 66 to 59 in the list of the top 100 universities under 50 years old," Professor den Hollander said.
"The Times Higher Education says younger universities are free to be 'more agile, flexible and risk-taking' than their older, more established counterparts – I couldn't agree more.
"Universities used to be only about teaching and research, today younger universities are strongly positioned to help drive the innovation that will create the jobs of the future.
"Deakin has grown from Victoria's first regional university in 1974 to a thriving institution with more than 47,000 students from around the world, studying across four campuses in Melbourne, Geelong, Warrnambool and online in the cloud.
"At Deakin, we are acutely aware that we live in a highly connected digital economy and our responsibility is to the communities we serve.
"We also believe the key to creating those jobs lies in new partnerships between education, research and industry.
"That is why we pride ourselves on developing successful partnerships with industry, governments, communities and other educational providers, both nationally and internationally.
"Each of our campuses has a distinctive character, rich culture and with a strong presence in the local community.
"I expect Deakin to keep growing and as it does we will keep working to address skills gaps, to create new industries from new ideas, to educate graduates for the jobs of the future.
"This global recognition reflects the extraordinary achievements of Deakin in its first 40 years and it is exciting to imagine what we will achieve in the next 10, 20, and 30 years."
The Times Higher Education's top 100 universities under 50 years old measure universities on research, citations, teaching, international outlook and industry income.