ABI received their degree-granting authority in 1979 from the Board of Regents of Higher Education in Massachusetts to offer an associate degree in business administration.

In 2002, NECF selected the Alfred P. Sloan Foundation as a partner to deliver their degree programs online.

In 2004, UC Berkeley adopted NECF's finance curriculum to include in their post-baccalaureate level online certificate program for college graduates in banking and investment management sectors.

In 2008, NECF changed its name to New England College of Business and Finance and was also granted degree elevation authority.

In 2010, NECB began working with Banker's Academy to develop enhanced educational opportunities and degree completion options to students.

All coursework is delivered via an instructional model that integrates video lectures, audio feedback and peer interaction.