Staff of Oxford University's new Said Business School have begun the long process of moving into their new £36m home.

The 40 administrative employees and 35 faculty staff now work from temporary accommodation in four separate buildings: The Radcliffe Infirmary; 59 George Street, where the staff share space with the University's History of Art Department; the Careers Service; and a room in Magdalen College.

Anthony Hopwood

The new building opposite Oxford railway station will open its doors to 130 post-graduate one-year MBA students - 30 more than at the present - in October.

For the first time the school, founded in 1996, will also welcome 400 undergraduates.

The course was voted the UK's best one-year programme in the latest Financial Times survey of business education.

A 25 per cent increase in the number of applications for the MBA course this year has led to a deadline being imposed.