The University of Queensland (UQ) is one of Australia's premier learning and research institutions. UQ’s 45,000-strong student community includes 12,000 postgraduate scholars and almost 11,000 international students from 134 countries. The University has 6500 academic and professional staff and a $1.9 billion annual operating budget. Its major campuses are at St Lucia, Ipswich, Gatton and Herston, in addition to teaching and research sites around Queensland and Brisbane city. The University has six faculties and eight institutes. The institutes — funded by government and industry grants, philanthropy and commercialisation activities — have built scale and focus in research areas UQ regards as strategically important. Since its inception, UQ has graduated more than 200,000 alumni with half of all living alumni based in Queensland. UQ currently has graduates living in more than 150 overseas countries.