To position the youth to reap the benefits of the rapidly changing economic environment and the growing industrialization, the need for making available quality management education was felt by Late Dr. Jagannath Mishra as early as in the year 1973 and hence L.N. Mishra College of Business Management was established to accomplish the shared vision of Late Lalit Narayan Mishra, the former Union Minister of Railway, Government of India. The College was inaugurated on February 11, 1974. L N Mishra college of Business Management is spread over a majestic 6 acres of land with a built-up area of 92000 sq.ft.

In the year 1994, the College got the approval for MBA with intake of 120 students by AICTE. Similarly in 2002 the College got the permission from AICTE and State Government to start MCA. In 2003, the State Government on the recommendation of our parent university B.R.A. Bihar University, Muzaffarpur granted permission to start BBA and BCA courses.

In 2023, LNMCBM became the First Management College in Bihar to receive the prestigious B++ accreditation from NAAC under its revised guidelines, solidifying its position as a premier educational institution.