The 69-year-old will be made a doctor of the University of Stirling.
The visit will take Ferguson back to his footballing roots in central Scotland, where he played with Falkirk from 1969 to 1973.
Glasgow-born Ferguson also started his managerial career at nearby East Stirlingshire in 1974.
The university said the award will recognise Ferguson's "great distinction in the field of sport and the general public arena".
He will be presented with his doctorate by the university chancellor, broadcaster James Naughtie.
The ceremony in which the football boss is being honoured is one of four graduation ceremonies taking place at the institution today and tomorrow.