Business studies is an academic area of study that provides the knowledge and skills needed for a career in the business realm. Studies may consist of finance, accounting, economics, organizational studies, business ethics, and marketing.

Austria, officially the Republic of Austria, is a federal republic and a landlocked country of roughly 8.47 million people in Central Europe.

The PhD is a doctoral degree, specifically called a "doctor of philosophy" degree. This is misleading because PhD holders are not necessarily philosophers (unless they earned their degree in philosophy!). That said, PhD recipients are able to engage in thought experiments, reason about problems, and solve problems in sophisticated ways.

On-campus learning refers to attending classes in person. It typically involves going to traditional classes and lectures, participating in group activities, and engaging with faculty and peers in person. On-campus learning also often includes access to laboratories, libraries, and other campus resources such as student clubs, career services offices, and recreation centers.