The college was established as the Ummah Medical College in 1994-95 in Mirpur, Dhaka. It later shifted its premises to this site in 1998 under the current name Shaheed Monsur Ali Medical College and Hospital. It was renamed in 2002 as the Moulana Bhasani Medical College under the Moulana Bhasani Trust.
In October 2007, the college shifted to its own building, which was inaugurated by the ex-chairman of the Moulana Bhasani Trust. In February 2009, Dr. Jamal Uddin Chowdhury was elected as chairman of the Moulana Bhasani Trust, later Mrs.Laila Arjumand was elected as Chairman of Moulana Bhasani Trust and Dr. Jamal Uddin Chowdhury was elected as Chairman of Shaheed Monsur Ali Medical College. The institution was renamed to its current name of Shaheed Monsur Ali Medical College on April 3, 2010, in the presence of the Chairman of the Moulana Bhasani Trusts
The Academic building of the Shaheed Monsur Ali Medical College is built on its own land having spacious classrooms, lecture galleries, practical classrooms, departmental museums, library, reading rooms etc. It also accommodates a cafeteria and separates common rooms for male and female students having facilities for indoor games. There are separate hostels for boys & girls. Students have facilities for outdoor games as well. Shaheed Monsur Ali Medical College is approved by the government of Bangladesh. It is affiliated with Dhaka University. It enjoys the recognition of Bangladesh Medical and Dental Council (BMDC) . The college has already attained adorable standard to clinch the recognition of the Bangladesh College of Physicians and Surgeons(BCPS) in regard to post graduate training in various subjects in the college. Basic medical subjects –Anatomy ,Physiology, Biochemistry, Forensic Medicine, Community Medicine, Pathology, Microbiology , Pharmacology and clinical subjects –Medicine including psychiatry and dermatology , Surgery including ophthalmology and clinical subjects –medicine including psychiatry and dermatology, Surgery including ophthalmology and otolaryngology and Gynecology and Obstetrics are taught during 5 years MBBS course. Shaheed Monsur Ali Medical College has fulfilled all the criteria set by the affiliating and approving authority regarding the quality and number of teachers like Professors, Associate Professors, and Assistant Professors.
The administration and the teachers are much caring and pay due attention to all the needs of the students so that the students find the atmosphere favorable and homely. The Board of trustees and the governing body keep constant vigilance on the development of the college which is evidenced by its uplift. The College has admitted 22 batches of students since its inception of which 17 batches of students have already completed their MBBS course and serving the nation as efficient doctor. The hospital is situated just beside the College building. It is a 750 bedded hospital with all modern amenities offering emergency, outdoor and indoor services round the clock (24/7)
Shaheed Monsur Ali Medical College Fees Structure
| Courses | Duration | Total Fee | 1st year Fee | Hostel |
| MBBS | 4 1/2 years + 1 Year Internship Program | Approx Rs 34,35,816 / USD 48,000 | Approx Rs 12,88,431 / USD 18,000 | Included |
