Lauder Business School operating as a "University of Applied Sciences" located in is a business school in Vienna, Austria. Lauder Business School (LBS) was founded in 2003 as a University of Applied Sciences with financial help from Ronald S. Lauder. Currently there are about 310 students enrolled in the University in one undergraduate and two graduate programs. The admission rate range is 60-70% making this Austrian higher education organization a somewhat selective institution. International applicants are eligible to apply for enrollment. LBS also provides several academic and non-academic facilities and services to students including a library, housing, financial aids and/or scholarships, as well as administrative services. Statistics show that 76% of young European Jews attend universities where campuses are hotbeds of assimilation. With nothing like Hillel or Chabad houses for Jewish students (as in the US), they are easily lost to the Jewish People.