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Founded on October 1st, 1898 as the Imperial Export Academy. The curriculum prepared students mainly for employment in international trade.
The
academy soon took on the characteristics of a university and finally
became Vienna University of Economics and Business Administration in
1975.
Between 1981 and 1993, the number of students more than doubled, from
8,000 to over 16,000. In the 1990s, the number stabilized at about
20,000 students.
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Palais Festetics, Vienna, Berggasse - where the Imperial Export Academy was founded in 1898
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In 1989, WU became a member of PIM (Partnership in International
Management). One year later, WU was one of the first universities to
join the CEMS network (Community of European Management Schools and
International Companies).
In two steps, one in 1993 and a major one in 2004, WU gained autonomy
from the Austrian Ministry for Education, Science and Culture. The
university started a major strategic planning process.Since October
2005, WU has been systematically replacing all its first-degree
(Magister) programs with Bachelor's
and Master's programs. With this, WU is adopting the three-cycle system
promoted by the Bologna process.
In 2007, WU became the first Austrian University to receive the international EQUIS accreditation. EQUIS
(European Quality Improvement System) is an internationally recognised
accreditation system offered by the European Foundation of Management (EFMD).
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Vienna, Augasse 2-6 - WU's premises since 1982
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