in Italy. Catholic University of the Sacred Heart is the largest private teaching university in Europe and the largest Catholic University in the world with 42,000 enrolled students. Bocconi University is a private management and finance university established in 1902, ranking as the best university in Italy in its fields, and as one of the best in the world. In 2020, QS World University Rankings (viewed as one of the three most-widely read university rankings in the world) ranked the university 7th worldwide and 3rd in Europe in business and management studies, as well as 1st in economics and econometrics outside the U.S. and the U.K. The Financial Times ranked it the sixth best business school in Europe in 2018. Bocconi University also ranks as the 5th best 1 year MBA course in the world, according to the Forbes 2017 ranking. Vita-Salute San Raffaele University is a private teaching medical university linked to the San Raffaele Hospital. University Institute of Languages and Communication (also known as "University IULM") is a private teaching university established in 1968, later renamed from its original name "University Institute of Languages of Milan", becoming first Italian university offering courses on public relations; later it became a point of reference also for business communication; media and advertising; translation and interpreting; communication in culture and arts markets, tourism and fashion. Art academies Milan is also well known for its fine arts and music schools. The Milan Academy of Fine Arts (Brera Academy) is a public academic institution founded in 1776 by Empress Maria Theresa of Austria; the New Academy of Fine Arts is the largest private art and design university in Italy; the European Institute of Design is a private university specialised in fashion, industrial and interior design, audio/visual design including photography, advertising and marketing and business communication; the Marangoni Institute, is a fashion institute with campuses in Milan, London, and Paris; the Domus Academy is a private postgraduate institution of design, fashion, architecture, interior design and management; the Pontifical Ambrosian Institute of Sacred Music, a college of music founded in 1931 by the blessed cardinal A.I. Schuster, archbishop of Milan, and raised according to the rules by the Holy See in 1940, is—similarly to the Pontifical Institute of Sacred Music in Rome, which is consociated with—an Institute "ad instar facultatis" and is authorised to confer university qualifications with canonical validity and the Milan Conservatory, a college