The University of Vaasa (Finnish: Vaasan yliopisto, Swedish: Vasa universitet) is a multidisciplinary, business-oriented university in Vaasa, Finland. The campus of the university is situated by the Gulf of Bothnia adjacent to downtown Vaasa. The university has evolved from a school of economics founded in 1968 to a university consisting of three faculties: Faculty of Business Studies, Faculty of Philosophy and Faculty of Technology. With its Faculty of Business Studies, also called the Vaasa School of Economics, University of Vaasa is one of the largest business universities in Finland. The university has 425 personnel which includes a teaching staff of 180 and 54 professors. Around 5000 students are currently studying in various degree programs at the university. Faculty of Business Studies Faculty of Philosophy Faculty of Technology Faculty of Business Studies Faculty of Philosophy Faculty of Technology In 1966 the Council of State made the decision to establish a School of Economics and Business Administration in Vaasa, and so Vaasa got its first institution of higher education which the region of Vaasa had worked for since the 1940's.