HSI Limerick Business School was first recognised by the Minister of Education and became a designated institute of the Higher Education and Awards Council (HETAC) in 1994. In 1997, the school was approved for tax relief purposes by the Department of Education and Science. As it first moved to the higher education sphere, the School initially offered a number of programmes leading to awards at National Certificate level. The relationship with HETAC has expanded over subsequent years and programmes offered now include ordinary degree and honours degree programmes - in 2005, the first graduates of the HETAC Bachelor of Business (Honours) were conferred.

In 2008, HETAC approved HSI as an outreach centre of the Irish Academy of Public Relations and its Level 8 Higher Diploma in Arts in Public Relations commenced at the college in Autumn 2008. As a further make of quality education provision, HSI Limerick Business School agreed its quality assurance procedures with the Further Education and Training Awards Council (FETAC) in 2005. This has allowed the School to offer recognised awards, with clear progression paths, to both Irish and international learners at Level 4 and Level 5 on the National Framework of Qualifications.

In 2007, HSI Limerick Business School attained Gold approval from ACCA (the Association of Chartered Certified Accountants), one of the world's largest and fastest-growing professional international accountancy bodies, in recognition of its continuous commitment to the delivery of high-quality eduational support to ACCA students.

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