Erin Lorelie Young
It's also one of the toughest universities to get into. While undergraduate applications to Oxford reached a record high of 18,377 in 2015, the most recent admissions data from 2013 - 2014 shows that out of 20,441 applicants for a graduate program at Oxford, just 4,815 were successful.
We spoke to 26-year-old Erin Lorelie Young - a first-year DPhil (Doctor of Philosophy) student reading Education at the University of Oxford's Brasenose College - to find out what it's like to study there.
Here's a glimpse into a typical day of Erin's life at Oxford: