[1] Army IBA was established by the BUP Act 2009[2] on January 15, 2015, by the Bangladesh Army, under the supervision of Prime Minister Sheikh Hasina, and was inaugurated on March 5, 2015, by the former Education Minister, Nurul Islam Nahid.

The institute commenced its academic journey by launching the Bachelor of Business Administration (BBA) program, and 40 students were enrolled in the first batch.

[7][8] A board, including the Chief of Army Staff and the Vice-Chancellor of the Bangladesh University of Professionals, supervises the affairs of the institute.

Army IBA confers Bachelor of Business Administration (BBA) program for undergraduates[9] and Master of Business Administration (MBA) program for graduates[10] with major areas of specialization in Marketing, Finance, Human Resource Management, Supply Chain Management, etc.

Students must meet the minimum required grade point average (GPA) in HSC and SSC or equivalent examinations to be eligible for the admission test.