Societies all over the world have used education as the instrument for the national development while students’ academic performance has the real impact on their professional career development. There are many factors which can directly affect students’ academic performance. However, after extensive reviews of the past literatures, the researchers argued that time management and external motivation have relatively higher influences on students’ academic performance. The quantitative questionnaire survey method was employed for this study. The findings of the study indicated that there is a significant and positive relationship between time management and students’ academic performance. In the light of the findings, we discuss the importance of time management in order to improve students’ academic performance. Implications, suggestions and recommendations for students, parents, policy makers and educational stakeholders were discussed.