Oxford’s $11.5 Million Scholarship Boost

by Lauren Everitt on

Business students with the lofty ambition of creating social change on a global scale may find their pathway a bit easier and less expensive. The University of Oxford’s Saїd Business School now boasts some $11.5 million in scholarship funds for top students enrolling in its unique and highly selective 1+1 MBA program.

The program allows students to pair an Oxford MBA with a one-year master’s degree from another university department. Choices range from computer science and African studies to criminology. Students graduate with two degrees in two years.

The Oxford 1+1 MBA was started in 2012 with the ostensible aim of preparing future business leaders to adapt to an increasingly interdisciplinary world. Saїd Dean Peter Tufano touts the 1+1 MBA program as a pioneering move. “This unique “depth plus breadth” approach will redefine business education and provide a rich and unrivalled learning experience for these strong leaders of the future. The combination of the two spheres of learning and the creative ways in which they will reinforce each other will well-prepare students for successful and impactful careers, addressing the issues that will challenge us far into the future,” he said in a statement.

American hedge fund manager Bill Ackman, the CEO of Pershing Square Capital Management, donated some $6.9 million to the Oxford 1+1 MBA program under his social investment fund, the Pershing Square Foundation. The University of Oxford pitched in an additional $4.6 million, bringing the total to a whopping $11.5 million. The generous pool will fund the MBA component for five students awarded the prestigious title of Oxford Pershing Square Scholars. This year’s chosen few will join the 1+1 MBA program in the fall of 2014.

Given that Said’s 2013-2014 MBAs forked over some $68,000 in tuition alone, the scholarships will undoubtedly set a handful of students up for a future with less debt and more opportunities. But the process isn’t easy. Students must apply and be accepted to both the MBA and master’s programs to be eligible. Only the top candidates are chosen. According to an Saїd press release, “the selection process will identify candidates who are able to demonstrate, through experience, an aptitude and commitment to addressing global challenges in diverse and innovative ways.”

As to be expected, the dean has big plans for these students. “Our hope is that, over time, the Pershing Square Scholars will grow into a powerful and insightful community, supporting each other to secure social change,” he said in a statement.

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  • This aint useful

    $11.5 million isn’t much compared with what US schools get.

  • GlobalCitizen

    In Europe, the relationship between the public/students/alumni and educational institutions is very different to the US. European societies are more mature/social…..the implication being that taxes are higher and philanthropy/giving is less prominent. It doesn’t surprise me that US citizens fail to grasp this….most of them still don’t even own a passport.

  • This aint useful

    I’m European! EU b-schools simply can’t compete with US b-schools. The size of the endowments matters a lot I believe when it comes to how successful business schools are.

    I think your point is about an average American and not about an average H/S/W/ M-7 American graduate. I would expect H/S/W/ M-7 American graduate to think globally unless my perception is way wrong?

  • cosma

    Oxford is the original prestige. No single english speaking university on earth can compete with it. You are just a jealous

  • P&Q is biased

    Once again, my comment gets deleted. P&Q bias exposed.

  • JohnAByrne

    Just want you to know why your comment was deleted from the site. It was not in
    good taste and violated our community standards. If you would like to try again,
    without using language that would be offensive to our readers, I would be
    pleased to keep your remarks on the site.

  • P&Q is biased

    I did not use any offensive language…I shared an opinion contrary to yours in the same tone and manner of English I am using now.

  • cosma

    Dear John,
    I assume that P&Q readers are all grown and educated as this site is somewhat specialized and targeting high level professionals, hence, We are certainly know that all posted opinions are ONLY reflect their writers thoughts and definitely NOT the opinion of the P&Q. Therefore, and for the freedom of speech, I ask you to keep all the posts even with offensive language. We do not like this great website to be censored, Many top business schools are paying attention to P&Q and actually many top school put your ranking on their websites. I am an international student and I envy you (as american) for having such freedom, Please, do not make it look like another places where every thing is biased.

    Having said that, your website still the best place to learn about the MBAs despite the too american focus.

    Best,

  • P&Q is fair

    John,

    I am going to have to respectfully disagree with the poster who stated that even posts with offensive language should not be deleted. This is a very well done site and one that applicants look to for the latest news in the MBA market. Maintaining the site’s professionalism is very important to the user experience of the site and I believe that offensive posts from anonymous users are just meant to incite and do not add any value to what are usually productive comment sections. I appreciate the fact that the comment sections are moderated to show that offensive comments will not be tolerated.

  • JohnAByrne

    Cosma,

    Thanks very much for your view on this. First off, be assured that I would never delete a post, however controversial, unless it contained unnecessarily profane or offensive language or a personal attack on another user here. It’s important that the conversation on the site be substantive and thoughtful. That doesn’t mean boring or without passionately held opinions. As it is, I probably miss some remarks that should be taken down. So I do try to err on the liberal side of free expression.

    Best,
    John

  • HBSispayingJohnByrne

    John Byrne is a natzi who is paid by HBS to promote them and make sure they are still perceived as the top school. He only gives a little love to other schools to escape the perception of being a “biased” HBS lover.

  • Stephan

    Keep an eye on Oxford, it is the real next player in the MBAs, more students now than before turning down INSEAD for Oxford. despite being just 17 years old, they really managed to get on the top very quickly.

  • OxfordMBAer

    I agree

  • DongHung

    In your wise judgement, how much he was paid?

  • Jane Eyre

    Hmmmm. This is such a point of debate, I think. At this point (and probably for at least the next 5-10 years), London Business School and INSEAD will maintain a large lead over Oxford and Cambridge, but I do see Oxford and Cambridge closing the gap over time. I view LBS and INSEAD as the Harvard and Stanford outside of the US, so Oxford and Cambridge would need to churn out grads that will be able to rival the alumni bases of both schools. Kind of like how HBS, Stanford, Wharton, MIT, and Booth are the top 5 that dominate all rankings (with schools flip floping the top spots), I see this happening with LBS, INSEAD, Said, and Judge (down the line). If it were me RIGHT NOW, as in applying in the next 5 years, I would still choose INSEAD or LBS over Said or Judge because the value of the degree matters most now while the value of our professional network dominates later as you progress through your career. Regardless, well done Said – excellent progress!

  • Londonbanker

    As an LBS alumnus, I completely agree with this message (no bias at all ;) haha)
    But in all seriousness, from my impressions, LBS = finance track, INSEAD = consulting track and IMD = industry track. I know all three school have placed into other fields as well, but these track are the so called “bread and butter” of these school. The differentiation strategy is what makes all three schools so strong. I am slightly skeptical of Oxford since it’s trying to be all things to all people. Maybe it can do so, but every top Euro school right now seems to have a specialty/unique selling point. Not sure what that is for Oxford. If it’s the general 1+1 format, I think that both INSEAD and LBS can partner with top Euro/UK schools and offer the same thing.

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