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IBC was founded as the Irish Baptist Training Institute, on 4 October 1892 in No. 16 Harcourt St., Dublin, now Republic of Ireland, by Hugh D. Brown, pastor of the neighbouring Harcourt St. Baptist Church, and Ambrose U.G. Bury, MA, was appointed the first principal of the IBC. Since the college was established with funding from the philanthropist J.D. Rockefeller, the building was named Rockefeller House. The college was controlled half by the Harcourt St. Church and half by the Baptist Union of Ireland. In 1916 Thomas Harold Spurgeon, MA, BD, (son of Rev. Thomas Spurgeon and grandson of Rev. Charles Spurgeon) was appointed principal. In 1940 the college moved to 42 Terenure Road in Dublin, the Harcourt St. Baptist Church had moved to Grosvenor Road, Rathmines. In 1964 the college moved to a new campus in Belfast in Northern Ireland, and control of the college was transferred to the Baptist Association. Following Spurgeon's retirement 1963, David P. Kingdon was appointed principal serving until 1974, when he was succeeded by Dr. Ivor Oakley who served until 1988, Norman Shields served as acting principal following Dr. Oakley's departure. In 1990 Dr. Hamilton Moore became principal serving until 2009 when Edwin Ewart was elected principal. In college accept its first female students in 1964.
On 10 May 2003 the college moved into the purpose-built Baptist Theological Centre in the Baptist Centre located outside Lisburn in Moira in County Antrim. A new library (John B. Craig Library) and study area were added in 2010, it is named after Pastor John B. Craig who trained in the IBC in Dublin, before serving in Belfast before emigrating to Canada.
A Women's Ministry Course is run at the Baptist Centre in association with the Irish Baptist College.
The Irish Baptist Historical Society is an extension of the Irish Baptist College.
The IBC became a constituent college of the Institute of Theology at Queen's University Belfast (QUB) in 1977, offering MTh and PhD degrees. In 2003 the IBC began offering undergraduate degrees and an MA validated by the University of Wales, Lampeter (UoW), which ceased its international partnerships programmes in 2010. In 2010 the IBC commenced its partnership with the University of Chester validating Undergraduate and Postgraduate degrees. It was announced in 2019 that QUB was closing the Institute of Theology, with all existing students to have completed their programmes by 2023. In 2023, Jonathan McClaughlin replaced Edwin Ewart as Principle of the college.
The Principal of the college is Edwin Ewart, since 2010. The IBC is administered by a management committee which reports to the Association of Baptist Churches in Ireland.
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