The Bauer Studentships have been endowed by the estate of Lord Bauer and are intended to help gifted Postgraduate students for whom funding would not otherwise be available to undertake study at Cambridge.
The Studentships usually cover University fees and a maintenance allowance. The final value of the Studentship is determined after consideration of the successful candidate's income from other sources. Students should also apply for studentships or other research awards for which they may be eligible.
Candidates are expected to be of outstanding academic ability. Tenure of a Bauer Studentship is conditional upon the elected student being accepted for admission to the University by the Postgraduate Admissions Office (PAO). Preference is given to those who put Caius as their first-choice college. The award of a studentship may be conditional upon the candidate's obtaining satisfactory results in their final degree examinations.
Lord Bauer’s Legacy
Peter Bauer (1934) came to Cambridge from Hungary with very little English and even less money and succeeded in becoming one of the most respected economists of his generation. When he died in May 2002, shortly after winning the first Milton Friedman (1953) Prize for Advancing Liberty, he left a substantial bequest to fund scholarships and bursaries for undergraduates and graduates “to whom funding would not otherwise be available”.
Bauer was conscious of his debt to those who had supported him during his early days at Caius and wanted to do the same for gifted young people in the next generation, even though he himself would never meet them. Unusually, to maximize the impact of his gift, he stipulated that both the capital and the interest should be spent within a few years of his death.
He wished the scholarships to commemorate two exceptional friends and colleagues, Richard Goode (1934), a Spitfire pilot who was killed in action in World War Two at the age of 25, and Sir Ronald Fisher (1909), the celebrated statistician and biologist, winner of the Copley Medal of the Royal Society in 1955 and President of Caius from 1956 to 1959. Lord Bauer’s executors have agreed that a bursary or scholarship awarded from the fund should also bear his own name.
In 2008, Fisher and Goode Bursaries were awarded to Chinese students of Engineering, to help with the costs of their Master's year of study at Caius. Since the inauguration of the Bauer Fund, several graduate students have benefited from its support.