Founded 1970 under the 1968 Law reforming higher education as one of the Universities replacing the former Université de Paris - founded in 12th century, constituted as Universitas Magistrorum and confirmed by Papal Bull 1215, suppressed by the Revolution in 1793, replaced 1808 by an Academy of the Université impériale, reconstituted as university 1890. A State institution enjoying academic and financial autonomy, operating under the jurisdiction of the Minister of Education and financed by the State. Its structure is based on a series of Unités d'enseignement et de recherche (teaching and research Units) with emphasis on studies in Management Sciences. Each Unit enjoys academic and administrative independence. Becomes grand établissement 2004.