Established in 1996, Vysoká škola ekonomie a managementu (University of Economics and Management) is a for-profit private higher-education institution located in the urban setting of the metropolis of Prague (population range of 1,000,000-5,000,000 inhabitants). Officially recognized by the Ministerstvo školství, mládeže a telovýchovy Ceské republiky (Ministry of Education, Youth and Sports of the Czech Republic), Vysoká škola ekonomie a managementu (VŠEM) is a small coeducational Czech higher education institution. Vysoká škola ekonomie a managementu (VŠEM) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees in several areas of study. This 26 years old Czech higher-education institution has a selective admission policy based on entrance examinations. The admission rate range is 80-90% making this Czech higher education organization a least selective institution. International applicants are eligible to apply for enrollment. VŠEM also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, financial aids and/or scholarships, study abroad and exchange programs, online courses and distance learning opportunities, as well as administrative services.