His career was one of great academic brilliance, matched by a steely determination to succeed. He came first in the Eton scholarship in 1901, a year after his friend, Ronald Knox, had come first in the same examination. He won the Newcastle Scholarship at Eton in 1905. At Oxford, he won the Craven, the Ireland, and the Hertford Scholarships in Classics as well as taking a double first in Classical Moderations in 1908 and Greats in 1910. Elected to a fellowship of All Souls' College, Oxford, he instead committed his career to Barings Bank, where he was appointed one of the youngest managing directors in the bank's history, in 1913.