Founded in 1975, Wirtschaftsuniversität Wien (Vienna University of Economics and Business) 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 Bundesministerium für Bildung, Wissenschaft and Forschung, Österreich (Federal Ministry of Education, Science and Research of Austria), Wirtschaftsuniversität Wien (WU) is a large coeducational Austrian higher education institution. Wirtschaftsuniversität Wien (WU) offers courses and programs leading to officially recognized higher education degrees such as pre-bachelor degrees (i.e. certificates, diplomas, associate or foundation), bachelor degrees, master degrees, doctorate degrees in several areas of study. This 47 years old Austrian higher-education institution has a selective admission policy This higher education institution has an open admission policy. International students are welcome to apply for enrollment. WU 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.