Wiener Handelsakademie

The Vienna Commercial Academy (Handelsakademie Wien) was founded in 1857, the second Handelsakademie in the Austrian Empire after Prague, and instruction started in the following year with five teachers and 59 pupils. The first president of the Handelsakademie was Friedrich Schey von Koromla The building of the Handelsakademie in the Akademiestraße near Karlsplatz was designed by the architect Ferdinand Fellner dem Älteren and completed in 1862. Several other commercial academies were subsequently created in Vienna. In the 1920s, the Wiener Handelsakademien were taken over by the Council of the Vienna Merchants, from 1940 until 1954 it was administered by the city of Vienna. After 1952, the Wiener Handelsakademien were adninistered by the newly founded Fonds der Wiener Kaufmannschaft (Fonds of the Viennese Merchants). Since 1997, the Handelsakademien ahve operated under the name Vienna Business School.