Reykjavík University, is the largest private university in Iceland with more than 3,500 students and over 500 employees . It is chartered by the Chamber of Commerce, the Federation of Icelandic Industries, and the Confederation of Icelandic Employers.The university became fully bilingual by the beginning of 2010, and it consists of four academic schools: School of Law, School of Business, School of Computer Science, and the School of Science and Engineering.The university's Executive MBA program was awarded 5-year accreditation by the London-based international accreditation organisation Association of MBAs in October 2011.HistoryReykjavík University has its roots in the Commercial College of Iceland, School of Computer Science (TVÍ), founded in January 1988 and run in the Commercial College of Iceland (VÍ) housing for ten years.Reykjavík University started its first semester on September 1, 1998, in a new building under the name Reykjavík School of Business. TVÍ became one of two departments within the school. A name change was inevitable because the school's name was not descriptive for the variety of the school's operations.In January 2000, the name was changed to Reykjavík University. In the autumn of 2002, the School of Law was established at Reykjavík University and in 2005, Reykjavík University was merged with the Technical University of Iceland (THÍ) under the name Reykjavík University. Following the merger, the School of Science and Engineering was established, partly built upon the old foundation of THÍ with the addition of new engineering fields.