Rhodes Scholarship- MSc in Financial Economics

Awarded By: University of Oxford in UK
Updated on Mar 7, 2024
Rekha Madi
Rekha Madi
University Research Analyst
Course: Masters
Deadline: Apr 24, 2024
Amount: POUND 69,870
United KingdomUK

Scholarship Overview

Rhodes Scholarship is awarded for pursuing MSc in Financial Economics at University of Oxford. A student can get a maximum amount of GBP 69870 and the scholarship amount will be given one time only. The scholarship amount can be used for paying tuition, living, travel and airfare. To be eligible for the award, applicants must have completed their 12th grade and also possess a Bachelor degree. To be eligible for this award, international students must take English language examinations as well as standardised exams like IELTS, GRE and GMAT. As part of the selection process, students must attend an interview. In order to apply for the scholarship, students need the following documents: LOR, CV and Official Transcripts.

Applicable course, university, and country

    This scholarship is applicable for the following courses in University of Oxford in UK

  • Master of Science in Financial Economics
  • Any full-time postgraduate degree

Scholarship amount details

Max scholarship per student: Pound 69,870 => Rs 70,35,909
Conversion rate used: 1 Pound = Rs. 105.85 (last updated 9th January 2024)

Scholarship amount will be given: One Time
Scholarship amount can be used for:

Type of Expense Indicates if the scholarship can be used for this type of expense
Tuition & Fees ✔ Scholarship amount can be used for this
Living Expense ✔ Scholarship amount can be used for this
Accommodation × Not covered in scholarship
Air Fare/Travel Expenses ✔ Scholarship amount can be used for this
Spouse/Child Care × Not covered in scholarship
Health Cover × Not covered in scholarship
Application × Not covered in scholarship
Others × Not covered in scholarship

Number of students to be awarded:

Eligible student nationality


Appication Process for this scholarship

  • A birth certificate confirming that applicant meets the age criterion;
  • A copy of a valid passport (with translation, if necessary), confirming that the applicant meets the citizenship criteria
  • An official transcript from the university at which the applicant is studying, or have studied, showing grades achieved
  • If applicants are neither a graduate of a university in India nor in the final year of undergraduate study at a university in India, they must provide evidence of formal study at an educational institution in India for at least 4 of the last 10 years as of the date of application and completion of a school-leaving exam at a school in India (10th or 12th grade)
  • CV: It should include details about academic qualifications, prizes, scholarships, positions of leadership, employment positions, involvement in student, voluntary, community, or political activities, and any cultural, musical, or sporting accomplishments This should not exceed two A4 (12pt) pages in length
  • A head-and-shoulders color photograph (jpg format)
  • A signed personal statement of no more than 1,000 words which:
  • Addresses your general interests and activities What inspires you? What are your passions?
  • Discusses your aims and priorities and the contributions you have made and hope to make to the world and/or communities of which you are part
  • LOR: Applicants will need to provide a list of four people (referees), who are willing to submit references on their behalf:
  • Provide email addresses of all the referees
  • At least three of the referees should be academics who had taught the candidate in undergraduate studies and who can comment in detail on their academic ability and how well they think the candidate would fare at Oxford
  • Additional referees should testify to the applicant’s character and/or his/ her involvement in extra-curricular/service or leadership activities These referees should be teachers or other persons who are able to comment critically on whether the candidate fulfills the extra-curricular, non-academic requirements of the Scholarship and who can speak in detail to their character
  • Referees must not be personal friends, relations or contemporaries

Scholarship Application:
This scholarship needs a separate external application.

Application Documents:

Type of documents Indicates if this type of document is required to be submitted
LOR Required
CV Required
Official transcripts Required

Important Dates & FAQ info:

Date Additional Details
Application final end date Not Available
FAQ Link https://wwwrhodeshouseoxacuk/scholarships/faqs/
Contact email indiasecretary@rhodestrustcom

Scholarship Eligibility

  • Rhodes Scholars must have completed a Bachelor’s degree before coming up to Oxford, to a sufficiently high standard to meet both the Rhodes and the Oxford criteria
  • Rhodes Criteria:

  • Applicant must be a citizen of India, holding an Indian passport, or equivalent proof of citizenship; PIO or OCI cardholders are not eligible
  • Applicant must have undertaken formal study at an educational institution in India for a minimum of 4 of the last 10 years, and have either (i) completed a school-leaving exam (10th or 12th standard) at a school in India, or (ii) have received, or be in the final year of, an undergraduate degree at a university in India
  • Must be aged 18-23 on 1st October 2023 (ie you must have been born after 1 October 1999 and before 2 October 2005)
  • OR (for older candidates who completed their first undergraduate degree later than usual) ii You must be under the age of 27 on 1st October 2023 (ie have been born after 1 October 1996) AND you must also have completed the academic requirements for your first undergraduate degree
  • Applicant must have completed (or will have completed by June / July 2022) their undergraduate degree with First Class, or equivalent
  • Interview:

  • Longlisted candidates will be invited to attend a preliminary, personal interview in New Delhi Candidates who are not ordinarily resident in India may be interviewed preliminarily by video conference or telephone
  • Candidates selected from these preliminary interviews will be called for a final in-person interview, on a date in October or November
  • Candidates must be available to attend the final interview, in person, as no accommodations can be made on the date and time, or mode, of these events Travel expenses for candidates invited for the final interview will be paid by the Rhodes Trust International travel will not be reimbursed
  • University of Oxford Criteria:

  • IELTS: 75 with min score of 70 in each component
  • GMAT/ GRE: Applicants are recommended that the quantitative scores are in the 85th percentile, the verbal scores are in the 80th percentile and the analytical writing score is at least 5
  • Applicants with a full-time degree-level course of a minimum of nine months, at a recognized institution, where the medium of instruction and assessment was entirely in English can be exempted from the English proficiency exam at the discretion of the University
  • Special Restrictions:
    No Special Restriction applicable
    Exams Details:

    Exam name Indicates if exam is required and cutoff (if any)
    IELTS Required (minimum score 75)
    GRE Required
    GMAT Required
    12 Required
    UG Required (minimum score 600%)
    Interview Required

iSchoolConnect Rating

The rating is done considering various factors

Frequently Asked Questions

The frequently asked questions about the scholarship are:

Who can apply for the Scholarship?
The scholarship is applicable to students from India.

What is the minimum Qualification Required?
The students must have completed their secondary and undergraduate education from a recognized institution.

What is the procedure for applying?
This scholarship needs a separate external application.

What are the documents required for filling the forms?
Official transcripts.

What is the duration of the Scholarship?
One Time