Universidad de los Andes was founded in 1948, and it was the first private university in Colombia that was independent from political or religious movements or parties. Ever since the university was founded, its activities have focused on excellence, and this is affirmed in the Comprehensive Development Plan (CDP). It is currently the only private university in the country that has been awarded a ten-year institutional accreditation for quality by the National Ministry of Education. Universidad de los Andes was ranked eighth by the QS University Rankings 2015/2016 in Latin America, and it occupied the 283rd spot globally. Moreover, the Faculty of Management has the prestigious “Triple Crown”, which consists of three accreditations (EQUIS, AMBA, and AACSB); this is only held by 1% of business schools around the world. Additionally, eight undergraduate programs in the Faculty of Engineering have the International ABET accreditation.