The Faculty was officially established in 1999 as the 5th Faculty of the University of Jaffna, offering specialized degree programs such as BCom and BBA. Guided by a vision of excellence in education and research, FMSC has introduced innovative programs, including external degree courses, postgraduate studies, and various collaborative initiatives with national and international institutions. Today, it stands as a premier institution fostering academic growth, creativity, and global competence among its students.