Mr. Michael R. Mace, Rocky's president, announced in October 2006 that there had been a 20.8% increase in the college's assets over the total from the same time during the previous year. Mace began his presidency in October 2005.
Rocky Mountain College indirectly traces its history to the 1878 founding of the Montana Collegiate Institute in Deer Lodge, Montana. Later renamed College of Montana, that institution closed in 1916, and in 1923 its assets were incorporated into Intermountain Union College, located in Helena. Intermountain Union, in turn, relocated to Billings after its campus buildings were destroyed by a series of earthquakes in October and November, 1935. Students and faculty finished the academic year in temporary quarters in Great Falls, after which the college merged with the Billings Polytechnic Institute to create today's Rocky Mountain College. The existence of a private, postsecondary institution in Billings dates from 1908, the year Billings Polytechnic was founded. Since the merger of Intermountain Union College and Billings Polytechnic Institute in 1947, Rocky Mountain College has had the following presidents as leaders:
William D. Copeland, 1947 – 1951
Herbert W Hines, 1951 - 1958
Philip M. Widenhouse, 1958 - 1966
Lawrence F. Small, 1966 – 1975
Bruce T. Alton, 1975 – 1986
James J. Rittenkamp, Jr., 1986 – 1987
Arthur H. DeRosier, Jr., 1987 – 2002
Thomas R. Oates, 2002 – 2005
Michael R. Mace, 2005 – 2012
Dr. Robert Wilmouth 2012 - Current
Rocky Mountain College is accredited through the Northwest Commission on Colleges and Universities and the Office of Public Instruction for the State of Montana for the preparation of elementary and secondary teachers. The Accreditation Review Commission on Education accredits the physician assistant program for the Physician Assistant ARC-PA, while the Aeronautical Science major and Aviation Management major at Rocky Mountain College are both accredited by the Aviation Accreditation Board International (AABI).
Rocky Mountain teams, nicknamed athletically as the Battlin' Bears, are part of the National Association of Intercollegiate Athletics (NAIA) Division I level, primarily competing in the Frontier Conference. Men's sports include basketball, cross country, football, golf, ski racing, soccer and track & field; while women's sports include basketball, cheerleading, cross country, golf, ski racing, soccer, track & field and volleyball.
In 2009 the Battlin' Bears men's basketball team won the NAIA Division I National Championship taking home the school's first NAIA title.
The Battlin' Bears men's ski team, which competes in the USCSA (United States Collegiate Ski Association), won RMC's first national championship in 2005, again in 2007 and 2011.