Vienna University of Economics and Business

The Vienna University of Economics and Business (, WU) is a public research university in Vienna, Austria, the largest university focusing on business, management and economics in Europe. It has been ranked as one of the best business schools in Europe and received Triple accreditation (AACSB, EQUIS and AMBA). Vienna University of Economics and Business ranked 36th among more than 13,000 universities worldwide offering degrees in Business & Management in the 2022 QS World University Rankings by subject. Today, WU has more than 20,000 students and over 400 researchers and lecturers, among those about 90 full professors. It increasingly draws students from outside Austria, mostly from Central and Eastern Europe. Most of the faculty are of Austrian or German nationality. History WU was founded on 1 October 1898 as k.u.k. Exportakademie (in English: Export Academy) to provide professional training to future businessmen and thus stimulate the Austro-Hungarian empire's economy. From humble beginnings as a professional school, it quickly grew to become an important institution, which was awarded the status of a fully-fledged Hochschule (an educational institution equivalent to a university, but specializing in a certain field such as technology or business or art) in 1919. At that time, it was renamed to Hochschule für Welthandel. The course of studies leading to the academic degree of Diplomkaufmann provided training preparing for the export and banking businesses and was very practical, comprising courses in business administration, economics, law and others. In 1930, the Hochschule für Welthandel was granted the right to issue doctoral degrees. After World War II, the Hochschule für Welthandel increased its breadth in research. It started to become a very important institution in Austrian society at that time; most Austrian managers and many politicians received their university education here. From 1966 onward, it began to offer a more theoretical course of studies in economics. In 1975, it was renamed to Wirtschaftsuniversität Wien. At the same time, the number of students began to increase dramatically. In 1983, it moved to a campus in Vienna's 9th District. Due to further increasing student numbers during the 1990s the campus became too small. As a result, new university grounds had to be built in Vienna's 2nd district. The new Campus WU opened in October 2013, next to the Vienna Fair Ground.