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For nearly 140 years The University of Texas System has improved the lives of Texans and people all over the world through education, research and health care. Enrolling more than 244,000 students collectively, the UT System is one of the largest public university systems in the United States. UT institutions produce more than 68,000 graduates annually and award more than one-third of undergraduate degrees in Texas and more than 60% of the state’s medical degrees. Collectively, UT-owned and affiliated hospitals and clinics accounted for more than 10 million outpatient visits and more than 2 million hospital days each year. UT institutions are among the most innovative in the world, ranking No. 1 in Texas and No. 2 in the nation for federal research expenditures. The UT System also is one of the largest employers in Texas – employing more than 116,000 faculty, health care professionals and staff – and has an annual operating budget of $25.2 billion.