The School of Business is a constituent school of Renmin University of China. It grew out of the Department of Factory Management, the Department of Trade Economics, and the Program of Finance and Accounting. These three departments were established in 1950 and were the first business administration programs in China. With a history of more than 60 years, the School of Business has produced significant numbers of professional managers for businesses and government agencies, trained faculty for higher education institutions, and developed a large number of new programs and research fields. As a pioneer in management education in China, the School of Business has authored textbooks widely used in Chinese universities and advised government and businesses in decision-making and enterprise reform. The School of Business has seven departments with 148 full-time faculty members with specializations in all major disciplines, including both cutting-edge researchers and effective instructors. The school's Business Administration program is designated by the Ministry of Education as a Level I National Key Subject and is therefore eligible for government support. Only four other programs in China have the same recognition. The Business Administration program was ranked first in China during the last national evaluations in 2012. Enterprise Management, Industrial Economics and Accounting have also been ranked as Level II National Key Subjects. The School of Business has two PhD programs in seven disciplines, five professional master's programs, and two undergraduate programs in six disciplines, covering all areas of business administration education.