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|Motto||Where Business Meets Fashion|
|President||Elizabeth S. Marcuse|
|Students||Approximately 1700 (on-campus and online)|
|Undergraduates||1427 (as of Fall 2017)|
|Postgraduates||286 (as of Fall 2017)|
LIM College was founded in 1939 by Maxwell F. Marcuse as the Laboratory Institute of Merchandising, at the request of retailers who wanted a school that would teach students about the fashion business and merchandising. Maxwell Marcuse's son, Adrian G. Marcuse, was president from 1972 to 2002, succeeded by Elizabeth S. Marcuse in 2002. In 2009, the school changed its name to LIM College.
LIM College offers undergraduate majors leading to a bachelor's degree in International Business, Fashion Media, Fashion Merchandising, Visual Studies, Marketing and Management. Focused areas of study are available in fields including Digital Business Strategy, Cosmetics, Entrepreneurship, Event Planning, and Home Fashions. Associate degree programs are also offered.
At the graduate level, LIM offers Master of Professional Studies (MPS) degree programs in Fashion Merchandising & Retail Management, Fashion Marketing, the Business of Fashion, and Global Fashion Supply Chain Management. Several of LIM College's degree programs are also offered in an online format. Saturday and summer programs for high school students are held each year.
Experiential education, or "learn by doing," is the foundation of LIM's educational approach. Undergraduate students must complete three internships, including one in a retail environment, one at the retail managerial level or in a corporate setting, and during senior year, students must complete a nearly full-time internship related to their specific career goals. Many students volunteer at events such as New York Fashion Week, and fashion professionals regularly visit campus to share their insights with students. 
LIM College is accredited by the Commission on Higher Education of the Middle States Association of Colleges and Schools and its BBA, BPS, and associate degree programs are accredited by the Accreditation Council for Business Schools and Programs.  
As of Fall 2017, LIM College’s undergraduate enrollment was 1,427 (1,402 on-campus/25 online). The on-campus undergraduate student-to-faculty ratio was 8 to 1 and the average class size was 16. There were also 286 students enrolled in the LIM College's graduate programs (161 on-campus/125 online).
- The Townhouse, at 12 East 53rd Street –
- Fifth Avenue building, at 545 Fifth Avenue –
- Maxwell Hall, at 216 East 45th Street –
- Third Avenue Residence Hall, at 1760 Third Avenue –
In 2017, The Business of Fashion named LIM College as one of the Top 10 global institutions for graduate education in the business of Fashion.  LIM was named to Phi Theta Kappa's Transfer Honor Roll in 2016, 2017 and 2018.  The Princeton Review included LIM College on its list of "Best Northeastern Colleges" for 2019.