Cass Business School (short for the Sir John Cass Business School) was established in 1966, and is City, University of London's business school. The name changed in August 2002 following a donation from the Sir John Cass Foundation, and was officially opened under its new name by Queen Elizabeth II in 2003. Cass ranked top 10 Business school in the UK, top 20 in Europe by "QS Global 250 Business Schools 2017". Business school rankings from the Financial Times ranked Cass Business School 2nd in London and top 40 globally. The Financial Times "Top MBAs for Finance 2017" ranked Cass 4th in the UK and 25th in the world. The school is divided into the three faculties of Actuarial Science and Insurance, Finance, and Management. It awards BSc (Hons), MSc, MBA and PhD degrees and is one of under 70 schools globally to be accredited by all of the AMBA in the United Kingdom, EQUIS in Europe, and the AACSB in the United States.