undergraduate majors, and 100 doctoral and 90 master's programs, U-M conferred 6,490 undergraduate degrees, 4,951 graduate degrees, and 709 first professional degrees in 2011–2012. Its most popular undergraduate majors, by 2021 graduates, were: Computer and Information Sciences (874) Business Administration and Management (610) Economics (542) Behavioral Neuroscience (319) Mechanical Engineering (316) Experimental Psychology (312) The 2021 U.S. News & World Report Best Colleges report ranked Michigan 3rd among public universities in the United States. Michigan was ranked 6th in the 2021 U.S. News & World Report Best Undergraduate Engineering Programs Rankings. Michigan was ranked 3rd in the 2021 U.S. News & World Report Best Undergraduate Business Programs Rankings. The 2020 Princeton Review College Hopes & Worries Survey ranked Michigan as the No. 9 "Dream College" among students and the No. 7 "Dream College" among parents. The 2022-23 edition of the CWUR rankings ranked Michigan 12th nationally and 15th globally Research Michigan is one of the founding members (in the year 1900) of the Association of American Universities. With over 6,200 faculty members, 73 of whom are members of the National Academy and 471 of whom hold an endowed chair in their discipline, the university manages one of the largest annual collegiate research budgets of any university in the United States. According to the National Science Foundation, Michigan spent $1.6 billion on research and development in 2018, ranking it 2nd in the nation. This figure totaled over $1 billion in 2009. The Medical School spent the most at over $445 million, while the College of Engineering was second at more than $160 million. U-M also has a technology transfer office, which is the university conduit between laboratory research and corporate commercialization interests. In 2009, the university signed an agreement to purchase a facility formerly owned by Pfizer. The acquisition includes over of property, and 30 major buildings comprising roughly of wet laboratory space, and of administrative space. At the time of the agreement, the university's intentions for the space were not fully articulated, but the expectation was that the new space would allow the university to ramp up its research and ultimately employ in excess of 2,000 people. The university is also a major contributor to the medical field with the EKG and the gastroscope. The university's biological station in the Northern Lower Peninsula of Michigan is one of only 47 Biosphere Reserves in the United States. In the mid-1960s U-M