Lauder Business School is a business school in Vienna, Austria, operating as a Fachhochschule in the Austrian education system. There are currently 240 students enrolled in the School in two undergraduate and one graduate programs. The language of instruction is English. Lauder Business School was established in 2003 under the name of Vienna International College's Department of Economics, with financial help of Ronald Lauder, who also became the School President. Later the plans of VIC were dropped, and since then Lauder Business School operates under its own name. Due to the ongoing construction activities and renovation of the campus facilities, the first intake was only 17 students, but by the 2008/2009 academic year the number has increased to 240 and 95 new students joined the school. During the first years of existence, Lauder Business School offered a 8-semester Magister degree in International Marketing and Management, but since 2007 students are accepted to two new programmes: a 6-semester Bachelor and a 4-semester Master's. Schools founding dean was Dr. Bruno Kohlberg, who stepped down in 2006, leaving his chair to Mag.