Established in 2003, Lauder Business School is a non-profit public higher-education institution located in the urban setting of the metropolis of Vienna (population range of 1,000,000-5,000,000 inhabitants). Officially recognized by the Agentur für Qualitätssicherung und Akkreditierung Austria (Agency for Quality Assurance and Accreditation Austria), Lauder Business School (LBS) is a very small coeducational Austrian higher education institution. Lauder Business School (LBS) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees in several areas of study. This 19 years old Austrian higher-education institution has a selective admission policy based on entrance examinations and students' past academic record and grades. The admission rate range is 40-50% making this Austrian higher education organization a averagely selective institution. International applicants are eligible to apply for enrollment. LBS also provides several academic and non-academic facilities and services to students including a library, housing, financial aids and/or scholarships, study abroad and exchange programs, as well as administrative services.