In a collegiate model of university governance, the university consists of individual colleges that retain significant autonomy over decisions related to admissions, budgeting, curriculum, and internal affairs, functioning as semi-independent entities within the larger institution. By contrast, a centralised model of governance concentrates decision-making authority within a single, overarching university administration. In this model, the central administration oversees key areas such as admissions criteria, budget allocation, academic programs, and faculty hiring across the entire institution. Examples of collegiate universities include the University of Cambridge, the University of Oxford, the University of Toronto, the University of Sydney, and the University of Mumbai, while centralised universities include MIT, McGill University, the University of Chicago, Peking University, and the Free University of Berlin.