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. The very next year the first students started their studies; 90 business and 60 correspondence students. The first principal to be chosen for the school was Tryggve Saxén and the first vice principal was Mauri Palomäki, who later would become the longest serving principal the school has seen so far. The lectures were first held in a yard building of Vaasa Commercial College in Raastuvankatu street, but in its second year the school moved into the whole house as the commercial college moved to a new building.
In 1977 the school became a state institution along with all other academic institutions in Finland.
In 1980 education in Humanities (languages) began and so the school became a "School of higher education" (in Finland the term is "Korkeakoulu". In order to be called a University, or "Yliopisto", in Finland at least four faculties are needed). In 1983 studies in the Social Sciences began and in 1990 Technology studies began in connection with Helsinki University of Technology. In 1992 the school was organised into four faculties; The Humanities, Business Administration, Accounting and Industrial Management, and Social Sciences, so that it could finally officially be labelled a University. In 1994 the school moved into its new premises on Palosaari.
Read more about this topic: University Of Vaasa
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