This document provides an introduction to the future of universities by examining how four global megatrends identified by McKinsey may impact universities until 2040. The megatrends are: emerging markets and urbanization, greater global connections, accelerating technological change, and responding to an aging world. Emerging markets and urbanization are expected to shift economic scales towards Asia and increase global demand for higher education, benefiting local universities in emerging countries and elite universities elsewhere. Greater connectivity and technology will require universities to offer more flexible, online, and lifelong learning opportunities. An aging population will drive demand for retraining and skills development throughout people's careers.