 According to the Association for University Technology Managers, Louisiana Tech is ranked as the nation's 2nd best academic institution for innovation productivity as measured by number of new inventions generated per research dollar expended.The university confers associate's, bachelor's and master's degrees through its five academic colleges.Additionally, Louisiana Tech offers doctoral degrees in audiology, business administration, counseling psychology (accredited by the American Psychological Association), industrial/organizational psychology, computational analysis and modeling, engineering, and biomedical engineering, with a joint MD-PhD program with the Louisiana State University Health Sciences Center Shreveport.