Cranfield University specialises in cultivating a deep understanding of technology and management and how these two fields interact in order to improve the quality of our daily life. It has strong ties with important industries and companies and it is the only exclusively postgraduate university in the UK. It also offers a distinguished MBA programme. It was established in 1946 as the College of Aeronautics. Between 1950 – 1960 the progress made in many aspects of aircraft design and research led to important growth in the field of aircraft construction which as a result included elements from other fields such as those of construction and management. From 1993 onwards it operates under the name ‘Cranfield University’.