Five Australian universities have been named among the top 50 higher education institutions according to a major global ranking, but industry experts warn the Government's proposed budget reforms could have a detrimental impact in years to come.
The Australian National University (ANU) leads Australia's institutions, climbing one spot into 20th place among nearly 1,000 international higher education institutions.
This year seven Australian universities made the top 100 — that's up from six in last year's list.
The University of Sydney was the only Australian institution to slip down the list.

Source: ABC Australia
America's Massachusetts Institute of Technology, or MIT, topped the global list followed by Stanford and Harvard. Cambridge, Oxford and University College London also made the top 10.