The Division - About us

The Finance Division provides advice and information on financial matters affecting all University departments, divisions and subsidiary companies. It comprises a range of financial operations including payments services, financial assurance services, financial planning and analysis, financial reporting and systems, pensions, procurement, research accounts, and treasury. As an organisation, we have a large variety of roles, ranging from administrative support roles to senior specialists. Find out what current vacancies we have.

Managing the University’s financial transactions is a shared task between the University’s departments and the central finance function. Departments carry out the majority of their transactions locally: they take procurement decisions (ie decisions on what, when and for how much to buy products and services); they may process supplier invoices (although the majority of invoices are processed centrally); and they manage most of their financial reporting and their budgets. In this sense, Oxford manages its finances in quite a decentralised manner. The overall financial figures are reported centrally in the annual Financial Statements.

The Colleges are financially autonomous and publish their own annual financial statements.

Facts and figures

The University of Oxford’s funding comes from five main sources.

  1. The largest source – £537.4m, which accounts for 40% of total income – is external research funding, from bodies such as research councils, charities, trusts, foundations, and industry. Oxford consistently has the highest external research income of any university in the UK.
  2. 15% comes from government grants through the Higher Education Funding Council for England and the National College for Teaching and Leadership. 
  3. Other income includes annual transfers from Oxford University Press, income from the commercialisation of research, and philanthropic support makes up 22% of income.
  4. Academic fees, from both undergraduates and postgraduates, makes up 22% of income.
  5. Investment income makes up 1% of income.