Rajarata University of Sri Lanka , located in the historic city of Mihintale, which is situated 14 kilometres away from the east of Anuradhapura, was established on 31 of January, 1996. It envisages to highlight the city, Mihintale, which marks the inception of the Sri Lankan social development, as one of the most prominent center of the present academic arena in the Sri Lankan history. Through this, it is expected to produce virtuous, intellectual and competent citizens for the needs of the 21st century.

Presently, the Faculty of Management studies is successfully conducting 4 undergraduate special degree programmes and a Post Graduate Diploma in Management (PGDM) Leading to the degree of Master of Business Administration(MBA). The duration of each undergraduate degree programme is 4 years and PGDM 1 year and MBA 2 years.