The college was founded in 1967 as a branch of Bar-Ilan University and focused mainly on teaching accountancy and banking. Student numbers were only a couple of dozen.In 1988 the management was changed and the college began to expand its activity; in 1990 it was recognised by the Education Minister of Israel Zevulun Hammer as a regional college, which meant its students spent the first two years in the college and after that transferred to Bar-Ilan University. In 1992 Bar-Ilan University approved the college to grant Bachelor's degrees on its behalf, and in 1998 the university transferred to a new campus.
