The University of Canberra has cemented its place among the world’s top 100 young universities according to new rankings.

The University has soared to number 58 in the prestigious 2018 Times Higher Education (THE) Young University Rankings.

The ranking, which lists the best universities under 50 years of age, saw the University of Canberra climb 33 places after being named at number 91 last year.

Vice-Chancellor and President Professor Deep Saini said the ranking was terrific news.

“We are pleased to see the University continue to rise among the world’s best young universities and I’d like to acknowledge the hard work and dedication of our staff in reaching this achievement,” Professor Saini said.

“In the THE  Young University rankings, the advancement is step by step, which makes this major jump a fantastic achievement for our University. It shows we are rapidly moving in the right direction.”

The ranking assesses the University’s performance in five areas: teaching, research, citations, international outlook and industry income.

The 2018 ranking compares 250 institutions from 55 countries.