The Government Titumir College was established in 1968 as a Government college Named “The Jinnah College” . It was inaugurated as the Degree (Pass) section of Jagannath college of that time. On 3^rd March, 1971 the Jinnah College was named as Govt. Titumir College according to the name of the Self-sacrificing freedom fighter Syed Mir Nisar Ali (Titumir). The Accounting was introduced as emerging and popular subject of study  since inception of the college.

The Faculty of Commerce was renamed as the Faculty of Business Studies as per the decision of the Academic Council of the National University of Bangladesh, which was approved by the National Parliament through amendment of the National University Order. The Bachelor of Commerce with Honours and Master of Commerce degrees was renamed by the Academic Council as Bachelor of Business Administration (BBA) and Master of Business Administration (MBA) in keeping with the trend of greater appeal and acceptability in the job market,