This paper deals with the increasingly significant topic of distance learning. In order to achieve success professionally and to be able to operate in the most up to date manner, constant development is essential. Irrespective of age, both young and old have to be able to face the growing challenges of working life in the best way possible. As a particularly innovative and flexible form of education, during the past few years distance learning has moved increasingly towards the foreground of the field of education. Through the use of new technologies enabling flexible studying from the comfort of your own desk at home, distance learning represents for many the only possibility for further study. Previously, those wanting to study would be forced to decide against it due to the incompatibility of attending courses in conjunction with their existing private and personal time commitments. The primary aim of this paper is to explore what distance learning options currently exist in Austria and whether, in the future, this form of education will represent a viable alternative to conventional studying. First of all the advantages and disadvantages of both forms should be discussed. In this respect the question of how the quality of distance learning is viewed by personnel departments must be dealt with, as well as whether there are any differences between how distance learning and conventional graduates are esteemed. This paper should also examine what new developments distance learning universities are planning for the future. In this context, particular attention will be afforded to whether, and in what form pedagogical economics as a distance learning course would represent a meaningful area for the education market. The schedule and procedure of a distance learning course is also explored in this diploma thesis, in addition to what forms of learning and teaching are available for this mode of study.