In an era in which teaching excellence' in higher education attracts much attention, what is scholarship'? In this conceptual paper, I re-examine the notion of scholarship in relation to the goals and purposes of higher education. How does scholarship' speak to value-based conceptions of good' education in the European tradition, encapsulated in the German term Bildung? How might the notion of scholarship relate to the principles, practices and outputs' of research? I argue that a more nuanced understanding of the legitimate diversity of scholarly practices in higher education could help individuals develop scholarly careers that draw on their personal values, strengths and goals. It can also help departments and institutions reward education-focused scholars and leaders more equitably. Finally, realising fully the synergies between education and research within a holistic scholarship circle' can strengthen institutions' capacities for making an impact for good in the world.