My newest gladiator just gained the Pitfighter Champion title. Does it have any affect other than looking cool?

Also an other unrelated question; in the overview screen, just above your specialisty it says 'school: arms and armour'. What does this mean? It's the same for all my glads? Do you think this was from a time early on in the game when maybe the designers were thinking of adding spells or something? All glads use weapons and armour...