An elderly and beloved schoolteacher at Brookfield, an English boys' boarding school, reflects on his long tenure as he nears retirement. Initially, Mr. Chipping, known as "Mr. Chips," is a shy and somewhat strict Latin teacher who struggles to connect with his students. His early years at the school are marked by his adherence to tradition and discipline, making him an effective but not particularly popular teacher. Over time, Mr. Chips experiences a profound transformation during a holiday trip to the Tyrol where he meets and falls in love with Katherine Ellis, a charming young woman. Their relationship infuses Mr. Chips with new energy and humanity, significantly altering his approach to teaching and endearing him to colleagues and students alike.

The influence of Katherine continues to shape Mr. Chips’ character as the years go by, bringing warmth and humor into his once rigid classroom, greatly improving his rapport with the students. His tenure spans many decades, witnessing significant historical events and societal changes. Throughout these years, Mr. Chips becomes an enduring institution at Brookfield, leaving a memorable impact on generations of boys who pass through the school's gates. As he reflects back on his life, Mr. Chips recalls not only the accolades and tribulations but also the friendships and personal growth he has experienced as part of the Brookfield community. His legacy is etched in the hearts of those he has taught, offering a poignant reminder of the timeless bond between student and teacher.