City, University of London million of which £11.6 million was from research grants and contracts, with an expenditure of £221.4 million. Cass Business School is ranked 5th in the UK and top 40 in the world in the Financial Times' 2017 Global MBA Rankings. City, University of London, is a member of the Association of MBAs, EQUIS and Universities UK. City University traces its origin to the Northampton Institute, established in 1852 and named after the Marquess of Northampton who donated the land on which the institute was built, between Northampton Square and St John Street in Islington. The institute was established to provide
City of London School retaining the old workhouse income. Both Hale and the Corporation of London were also eager to create this second school, which the governors of the City of London Corporation School had proposed. Despite their efforts, the other school was not founded until 1854, as the Freemen's Orphanage School, in Brixton with Hale as chairman. The Freemen's Orphanage School still exists today as the City of London Freemen's School in Surrey. The foundation stone of the new school was laid by Lord Brougham at premises in Milk Street, in the City of London near Cheapside, on the site of the old