The study determined how students assess the various components of their learning environment. It also identified how the learning environment affects students' lea rning achievement. A sample of 152 MBA students randomly selected from a population of Tribhuwan University, Kathmandu University, Pokhara University and Purbanchal University’s students. Data analysis was done using descriptive statistics, Pearson correlation, regression analysis, Multicollinearity and F-test. Findings revealed that students could assess the four components that contribute to their academic performance, which is: curriculum activities (6 items), Management (10 items), learning process (6 items) and faculty (10 items) factors. The result showed that there is positive relationship between students’ achievement and curriculum activities learning styles, and faculty. The findings are discussed with a view to improve the quality of the learning environment and students’ achievement.
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