The QS World University Rankings ranked the university as one of the world's top 25 universities for academic reputation, and top 5 in the world and first in Australia for graduate employability. It is one of the first universities in the world to admit students solely on academic merit, and opened their doors to women on the same basis as men.
Five Nobel and two Crafoord laureates have been affiliated with the university as graduates and faculty. The university has educated seven Australian prime ministers, two governors-general of Australia, nine state governors and territory administrators, and 24 justices of the High Court of Australia, including four chief justices. The university has produced 110 Rhodes Scholars and 19 Gates Scholars.