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The University of St Andrews has unveiled plans to create a “world-leading” business school by merging two of its faculties.

The move will see the venerable Fife institution bring together its highly ranked schools of economics & finance and management under a single new structure. St Andrews currently has 80 full-time permanent academic staff across the two departments and has begun discussions with them about the structure for the new business school, and ways in which they can bring two structures together “to enhance each other’s complementary strengths”.

The university has described the move as an “investment in key academic and professional service strengths”, rather than any attempt to trim resources. It said there would be no compulsory redundancies as a result of the restructuring. There will be no change to teaching programmes or degrees awarded to currently enrolled students or students who have accepted a place to study at either existing school.

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