 It is considered, according to a 2011 study by the Spanish Ministry of Education, as one of the best private universities in Latin America.It is the second university preferred by Argentine employers and the sixth in all Latin America.Its predecessor, the Catholic University of Buenos Aires (1910–1922), was founded by the Argentine episcopate in 1910, but its degrees, in law, were not recognized by the Argentine government, and the institution was closed in 1922.