Lauder Business School
|President||Ronald S. Lauder|
Maria-Theresien-Schlössel, Hofzeile 18–20, Oberdöbling, Döbling, Vienna 19 Coordinates:
|Colors||Blue and White|
Lauder Business School is a business school in Vienna, Austria, operating as a "University of Applied Sciences" in the Austrian education system. Lauder Business School (LBS) was founded in 2003 as a University of Applied Sciences with financial help from Ronald S. Lauder. There are currently 310 students enrolled in the University in one undergraduate and two graduate programs. Lauder Business School institution is a fully recognized and government-funded University of Applied Sciences. LBS degree programs are in line with the Bologna requirements, accredited by the Agency for Quality Assurance and Accreditation Austria and listed with the Austrian Federal Ministry of Science, Research and Economy.
The language of instruction is English.
History and development
In 2003 the Ronald Lauder Foundation established the Lauder Business School, under its President Ambassador Ronald S. Lauder. Vienna as a location was chosen as a bridge between western and eastern traditions and to form an international University. The university combines American and European educational methods and is connected to the Harvard MOC (Microeconomics of Competitiveness) Network, which includes more than 100 mayor business schools from 65 different countries. Building on the key concepts of Professor Michael Porter the network provides scholarship, research and capacity building. During the first years of its existence, Lauder Business School offered an 8-semester Magister degree in International Marketing and Management, but since 2007 students have been accepted to two new programmes: a 6-semester Bachelor and a 4-semester Master's. At the moment the university offers one Bachelor in International Business Administration, a master's degree in International Management and Leadership and one in Banking, Finance and Compliance.
Lauder Business School has one campus, which includes a main building with classrooms, library, an administration building, auditoriums, a dining building and a student residence (in corporation with Lauder Business School). The main part which is located in the north has a size of 1.200 m² that provides enough space for lecture- and seminar rooms. Another 750 m² are used as office space. At the southern end of the park the student residence is located. They are all located in the Döbling district of Vienna, between Pyrkergasse and Hofzeile.
These buildings (except one for the auditorium and dining room, which was built especially for the school) comprise a former palace of Maria Theresa, given to her by Charles IV and built by Nicolò Pacassi. Later the building was owned by members of the Rothschild family and served as a hospital. The Bank Austria Creditanstalt Auditorium was built in 2003 and is dedicated to Gerhard Randa, former chairman of BA-CA. The conversion and extension of the baroque ensemble of Lauder Business School was done by Kuhn Malvezzi, a Berlin-based architecture bureau.
The university is aware of following studies:
- International Business Administration – Bachelor (6 Semesters, 180 ECTS): The studies focus on an international, competitive education with a great part of practical application. The graduates will be prepared to work at international organizations or enterprises.
- International Management and Leadership – Master (4 Semesters, 120 ECTS): During this academic program students deepen their knowledge in applied business administration and increase their management and leadership skills. The graduates are trained to work in upper management positions in globally oriented companies. The Master centers on learning the foundations of executive management as for example decision-making and learning to strategize within complex structures. Students also receive a SAP beginner´s certificate.
- Banking, Finance and Compliance – Master (4 Semesters, 120 ECTS): The program combines contemporary knowledge and concepts in the field of international banking and finance with specialization in law and policy as well as compliance management. The main topic of these studies are risk management, regulation of financial markets and institutions as well as regulation compliance and management.
The university offers within their own language department classes in German, Hebrew, French, Chinese and Spanish. The students are required to choose at least one of those languages to develop intercultural competences.
International collaborations and research
Lauder Business School is a member of the Harvard MOC Network (Microeconomics of Competitiveness). Within this network it has established an Institute of Competitiveness (IoC), which focuses on urban competitiveness and on diversity challenges in international management. The IoC is the first of its kind in Austria. The LBS has diverse international partnerships with institutions or companies such as the Alexandru Ioan Cuza University of Iași in Romania, the University of Applied Sciences Upper Austria, the RHI AG, the Bank Austria Unicredit Group and the Vienna Insurance Group.
Integration of Judaism
The university itself is secular and there is no influence of religion on the business studies curriculum. But LBS is adjusted to Jews and people interested in Judaism. There are no classes on the major Jewish holidays, as well as on Austrian bank holidays.
Notes and references
- de:Maria-Theresien-Schlössel (Wien Hofzeile)
- "Bildung in Österreich – aktuelle Zahlen, Daten und Fakten" (PDF) (in German). Retrieved 15 August 2015.
- "OUR ACADEMIC DEGREE PROGRAMS". Retrieved 2 September 2015.
- Kuehn Malvezzi website entry on the LBS project
- "OUR ACADEMIC DEGREE PROGRAMS". Retrieved 10 September 2015.
- "Institut of Competitiveness". Retrieved 26 August 2015.