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Supported by the Buddhist Churches of America, a study program was established in 1949 at the Berkeley Buddhist Temple and overseen by Rev.
In 1966, the BCA purchased a building in Berkeley to house the study center.
With support of BCA Bishops Shinsho Hanayama and Kenryu Tsuji, the IBS incorporated with the State of California as a graduate school and seminary in 1969.
Under the direction of Bishop Seigen Yamaoka, in 1985 IBS became an affiliate of the Graduate Theological Union.
Under the leadership of President David Matsumoto and Dean Scott Mitchell, IBS was granted accreditation by the Western Association of Schools and Colleges in 2020.
In 2021, the GTU accepted IBS as a full member school, the first non-Christian seminary to be a member school.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| McCormick Theological Seminary | 1829 | $10.7M | 101 | - |
| Westminster Theological Seminary | 1929 | $50.0M | 50 | 5 |
| Columbia Theological Seminary | 1828 | $50.0M | 139 | - |
| ETSeminary Detroit | 1994 | $5.0M | 41 | - |
| Union Theological Seminary | 1836 | $2.4M | 50 | - |
| Wesley Theological Seminary | 1882 | $7.6M | 50 | 19 |
| Assemblies of God Theological Seminary | 1972 | $4.5M | 150 | - |
| Hartford International University | 1833 | $10.0M | 50 | - |
| Phillips Theological Seminary | 1987 | $10.0M | 44 | - |
| Nazarene Theological Seminary | 1945 | $5.3M | 20 | - |
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