Technion Institute for Science in Haifa, Israel. Photo: wiki commons.

The Technion – Israel Institute of Technology is the only school outside of the United States to make it into the top 10 on a new Bloomberg Rankings list of schools whose graduates are CEOs of top U.S. tech companies.

Located in Haifa, the Technion, tied for seventh place on the list that considers CEOs at companies with a market value of more than $1 billion. At the top of the list sits Princeton University, followed by Stanford University and Harvard University tied in second place, the University of Michigan and the University of California, Berkeley tied for fourth place and Marquette University was the sole occupant of the sixth spot. In seventh place, the Technion was tied with the University of Texas at Austin.

“Israel is now home to one of the world’s top tech hubs, and the Technion is where many of the country’s brightest go to train,” Bloomberg Rankings said. “To prove its commitment to technology, the school is collaborating with Cornell on a plan to build a $2 billion tech campus and startup incubator on New York City’s Roosevelt Island.”

Technion President, Professor Peretz Lavie said the ranking had great significance, as it showed the Technion’s “high status in the world.”

“Around a quarter of Technion graduates work in senior management positions,” Lavie said, according to Israel Hayom. “The Technion has played an esteemed role in turning Israel into a startup power.”