Oxford produces more millionaires than any other UK university

first_imgDespite missing out to Cambridge this year in some national and international university rankings, Oxford has redeemed itself in a study that shows it produces more millionaires than any other institution in the United Kingdom.Research by Elite Traveler magazine and wealth consultancy firm WealthInsight pegged Oxford as the fourth-largest producer of millionaire alumni in the world, behind US institutions Harvard, University of Pennsylvania and Stanford.Cambridge and the University of London also placed inside the top 15 universities worldwide, the former just edging out the latter on the list. The United States dominated the list, with every other spot in the top ten going to universities there.There is some question over the extent to which measures like this can be used as litmus tests for graduate earnings as a whole: the Guardian and Complete University Guide rank Cambridge higher in ‘graduate prospects’ and ‘career after six months’ respectively.Oxford’s wealthy students have made headlines before, with 44.4 per cent of students admitted in 2015 having attended independent schools, suggesting that Oxford may already hold an advantage in wealth accumulation over other universities in Britain.Previous research into billionaire graduates has shown similar results, with nine of the top top ten universities with the most billionaire graduates in the United States, along with Cambridge.A report by the Intergenerational Foundation in July found that the £400,000 lifetime earnings boost often touted as the payoff for tuition fees in the British university system could only be achievable by Oxbridge graduates.The full list of universities ranked by millionaire graduates can be found here.last_img read more

Colin Craig: I smack my child

first_imgNZ Herald 13 January 2014Conservative Party leader Colin Craig has admitted that he smacks his daughter if they misbehave, despite the law being clear there is no justification for the use of force as part of parental or caregiver discipline.His party is a possible coalition partner for National after this year’s general election and Mr Craig said – were he in the position to – he would want to negotiate repealing the so-called anti-smacking law that came into effect in 2007.The legislation removed the defence of “reasonable force” for parents prosecuted for assault on their children.During an interview on RadioLive today, Mr Craig was asked if he would start to smack his own children if the law was reversed.“I occasionally do it now,” he replied.Mr Craig told APNZ he did not expect any backlash from the admission.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11185451last_img read more