The oldest international fellowship, the Rhodes Scholarship was initiated after the death of Cecil Rhodes in 1902. Outstanding students from around the world, including 32 Americans, are elected each year to pursue two years of study at the University of Oxford. A scholarship may be renewed for a third year for those who were initially admitted to Oxford to pursue a doctoral degree. Rhodes Scholars may not apply for an MBA, and may not do the Master in Financial Economics (MFE) in their first year.
Extraordinary intellectual distinction is a necessary but not a sufficient condition for election to a Rhodes Scholarship. Selection committees are charged to seek excellence in qualities of mind and in qualities of person which, in combination, offer the promise of effective service to the world in the decades ahead. The Rhodes Scholarships, in short, are investments in individuals rather than in research proposals. Accordingly, applicants are sought from talented students without restriction as to their field of academic specialization or career plans although the proposed course of study must be available at Oxford, and the applicant’s undergraduate program must provide a sufficient basis for study in the proposed field. Through the years, Rhodes Scholars have pursued studies in all of the varied fields available at the University of Oxford.
Be U.S. citizens;
Be at least 18 years old but not yet 24 on October 1 in the year of application;
Have academic standing sufficient to assure completion of a bachelor’s degree before entering Oxford the following October in the event of election to a scholarship.
All educational costs, such as matriculation, tuition, laboratory and certain other fees, are paid on the Scholar’s behalf by the Rhodes Trustees. In addition, each Scholar receives a maintenance allowance adequate to meet necessary expenses for term-time and vacations. The Rhodes Trustees also cover the necessary costs of travel to and from Oxford.
Election to the scholarship is normally for two years, but the scholarship may be held for one year only, depending upon the degree program pursued by the Scholar. The Trustees impose no requirement that a Scholar should study in Oxford for more than one year. A scholarship may be renewed, at the complete discretion of the Trustees, for a third and final year for those who were initially admitted to Oxford to pursue a doctoral degree.