Work university advanced is magnificent (7)
I believe the answer is:
opulent
'magnificent' is the definition.
(I've seen this before)
'work university advanced' is the wordplay.
'work' becomes 'op' (abbreviation for opus).
'university' becomes 'U' (abbreviation for university).
'advanced' becomes 'lent' (advance can mean to lend).
'op'+'u'+'lent'='OPULENT'
'is' acts as a link.
(Other definitions for opulent that I've seen before include "Well-to-do or lavish" , "Prosperous" , "Wealthy, possessing riches" , "Luxurious or profuse" , "Wealthy, got lots of money" .)