The Vienna University of Economics and Business is a public research university in Vienna, Austria. The university received triple accreditation. WU was founded on 1 October 1898 as k.u.k. Exportakademie to provide professional training to future businessmen and thus stimulate the Austro-Hungarian empire's economy. From humble beginnings as a professi…The Vienna University of Economics and Business is a public research university in Vienna, Austria. The university received triple accreditation. WU was founded on 1 October 1898 as k.u.k. Exportakademie 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 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.
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