The predecessor of the School of Business Administration of ZUEL was the Department of Factory Administration and the Department of Trade founded in 1949 during Zhongyuan University period. It came into being by the merger of the original Department of Industrial Economics, Department of Trade Economics and Department of Agricultural Economics. In August of 2018, the University made a strategic adjustment in which the MBA School was merged into the School of Business Administration and was renamed as the MBA Education Centre under the direct leadership of the School of Business Administration .

The School possesses 8 departments (centres) such as the Departments of Business Administration, of Marketing Administration, of Economics and Trade, and the MBA Education Centre, etc. and 18 research institutes (centres) such as the Management Cases Research Centre, Centre for Corporation Value Research, Modern Industrial Economy Research Centre, Research Centre of Open Economic in the New Era, Technological Economy and Management Research Institute, and Research Institute of International Business, etc.. It also possesses the National Exemplary Experimental Teaching Centre of Economic Management, the National Exemplary Virtual Experimental Teaching Centre as well as the WTO and Hubei Provincial Development Research Centre—a Key Social Science Research Base of Hubei Higher Education.The School boasts a competitive faculty team with research strengths. There are 48 staff members and 144 faculty members, including 34 professors and 65 associate professors.  

The School boasts rich disciplinary resources which spans cross the two first-level disciplines—business management and applied economics. The latter includes three second-level disciplines (international trade, industrial economics and agricultural economics), being the national key first-level discipline, ranking the 10th nationally and being awarded A plus (top 5% to 10%); the former ranks the 25th nationally and was awarded B plus (top 15% to 20%).

The School boasts a complete talent-cultivating system and has ever possessed 2 first-level discipline doctoral programmes and 2 post-doctoral stations of business administration and applied economics, another 8 doctoral programmes of enterprise administration, industrial economics, and international trade, etc., 11 research-oriented master programmes of enterprise administration, etc., and 6 practice-oriented master programmes of business administration, international business, etc. as well as 10 undergraduate majors. Currently, there’re more than 120 students for doctoral programmes, more than 1700 students for master programmes and more than 2,500 undergraduate students in the School.

The School boasts a strong academic research performance and active international communication and cooperation. In recent 5 years, the School faculty members have won more than 50 awards at the provincial level and at the Ministry level, undertaken more than 50 national research projects and published more than 400 papers in the prestigious journals at home and abroad. The School is also actively engaged in international exchanges. It has been maintaining academic and research cooperation with the universities the research institutes from the U.S., Canada, and U.K, to name just a few. Nearly twenty well-known scholars from the privileged universities of the U.S., Australia, Japan, Hong Kong of China, etc.. were employed as overseas guest professors and Wenlan Chair professors.

The School has outstanding performance in serving the national and local economic development and offering the practical help in business management; for instance, the School co-builds Zhuoyue Wuhan Business School with the Wuhan municipal government, and provided EDP training for the well-known enterprises, such as Gree Electric Appliances, Inc., Dongfeng Motor Corporation, Wuhan Metro, etc..

The School was among the second batch of universities in China to offer MBA programmes in 1994; and in 2002 it was one of the first batch of universities in China to offer EMBA programmes. The MBA Education Center had conferred MBA degrees on more than 4000 students and EMBA degrees on more than 3000 students. In August 2011, The MBA programme of the University passed the AMBA accreditation for the first time. In 2014 and 2019, it passed the second and third AMBA re-accreditation.

The School, adhering to its vision of “To build a class business school integrating economics, law, and management, taking firm hold in south-central China and facing the world.”, has set and cast its strategy of “Follow International Trends, Embrace Local Practices, Present School Advantages”. Striving to grasp the business practices and international trends under the background of the new technology revolution, and adhering to China's problem-orientedthe School further clarifies its mission statement, “Create Business Knowledge, Contribute Business Wisdom, and Cultivate Business Elites”and always bears the value of “Knowledge and Practice Bring You Truth, Honesty and Integrity Take You Far”, in order to build the mid-south school in the field of business education in China and the World.