The Instituto Tecnológico Autónomo de México (Mexico Autonomous Institute of Technology), commonly known as ITAM, is a private university. It is one of Mexico's most important institutions of higher learning; highly prestigious in the social sciences. It is also considered one of Mexico's think tanks and has the highest rank of admission to the Mexican Foreign Service. History It was originally an Economics School and one year later it opened its undergraduate business school. Due to the opening of the Accounting School, the institute grew from 52 students in 1947 to 500 in 1951. In 1963, by government decree, the ITAM was recognized as a “Free University School” and the school added the word "autonomous" to its name. However the inclusion of the word autonomous in its name was not recognized officially by the government until 1985. During the 1970s new programs were added including applied mathematics (1974), social science (1975) and a Master of Business Administration (1974). In the 1980s and '90s the additions were: law (1980), actuarial science (1982), computer science (1983), political science (1991, instead of social science), international relations (1992), telematics (1993) and industrial engineering (1997). During the last decade the academic offer was increased by the establishment of business engineering (2004), financial management and mechatronics (2010). Campuses During its first four years the ITAM was originally located in a house in Mexico City's centro in 518 La Palma street. In 1950 the institute moved to 65 Serapio Rendón street in the Colonia San Rafael. During the late 1950s it moved once more to a new building built specially for the institute at the corner of Marina Nacional street and Lago Zirahuen street in the Colonia Anáhuac. Finally, in 1978, ITAM moved to its current campus in 1 Río Hondo, in San Ángel. In 1991 the smaller graduate school campus, in 939 Camino Santa Teresa, was opened. Administration and organization Rectors During its 60 years ITAM has had eight rectors: Arturo Fernández Pérez, (1992 to date). Javier Beristain Iturbide, (1972–1991). Antonio Carrillo Flores, (1971–1972). Joaquín Gómez Morín, (1968–1971). Enrique Moreno de Tagle, (1967–1968). Gustavo Petricioli Iturbide, (1967). Agustín de la Llera, (1952–1967). Eduardo García Máynez, (1946–1951). Academic divisions (schools) Today the institute has 38 academic programs dependent on and organized in 5 academic divisions, subdivided in 14 academic departments (equivalent to Schools). The academic programs include Licenciaturas and Ingenierias (equivalent to B.A., B.Sc. and LL.B.), as