Herberger Business School

About the School

Accredited for over 45 years

In 1976, the Herberger Business School became one of the few accredited business schools in the country. Today we are one of only seven accredited business schools in Minnesota and one of 901 programs in the world.

With 85 percent of full-time faculty terminally qualified with a doctorate or master's degree, nine business majors, a MBA program, a Master of Science in Information Assurance, education abroad opportunities, a Business Honors Program, and a world-class library, we offer students a contemporary business education in a small, student-friendly environment.


  • Accounting graduates' CPA pass rates are regularly among the highest in Minnesota
  • Finance students manage the Husky Growth Fund with a portfolio of $310,000
  • The Information Systems program was one of the early adopters of IS 2010 certification in the Midwest
  • The Marketing program features a Professional Selling Specialization supported by the Northwestern Mutual Professional Sales Lab
  • The Real Estate program is one of two accredited programs in the state
  • The Human Resources curriculum aligns with the guidelines of the Society for Human Resource Management (SHRM)


In 1938, the St. Cloud Teacher's College created a business office and office administration department staffed by two faculty members. By 1948, the program evolved into a business administration program that employed six business faculty. During the 1960's, the department evolved into a college with an MBA and internship program.

In 1976, with five departments and 42 full-time faculty, the college earned AACSB accreditation, distinguishing itself from other business colleges as providing a quality business educational experience comparable to ivy league institutions.

In 1999, the Herberger family endowed the college and it was renamed the G.R. Herberger College of Business.

In 2007, the G.R. Herberger College of Business moved into the renovated Centennial Hall. The new facility enhanced the college's ability to educate students and serve the business community.

In 2011, the college was renamed the Herberger Business School.

G.R. Herberger

Who is G.R. Herberger?

G.R. Herberger was a self-made businessman who believed in giving back to his community. The mission and vision of the Herberger Business School is founded on the values and beliefs Bob Herberger exhibited during his lifetime. Our legacy - his legacy - is the success of our graduates.

We offer opportunities to those who might not otherwise be able to pursue formal business training and to help individuals thrive and give back to their communities.

Undergraduate Enrollment: Fall 2020

Accounting, bachelor's degree 205
Entrepreneurship, bachelor's degree 24
Finance, bachelor's degree 242
General Business, bachelor's degree 174
Information Systems, bachelor's degree 278
Insurance, bachelor's degree 1
International Business, bachelor's degree 1
Management, bachelor's degree 235
Marketing, bachelor's degree 188
Real Estate, bachelor's degree 36
TOTAL 1,384

Graduate Enrollment: Fall 2020

Business Administration, master's degree 103
Information Assurance, master's degree 76

Undergraduate Program Completions: 2019-2020

Includes summer 2019, fall 2019, and spring 2020

Accounting, bachelor's degree 69
Business Intelligence, certificate 13
Entrepreneurship, bachelor's degree 10
Finance, bachelor's degree 117
General Business, bachelor's degree 14
Information Assurance, certificate 1
Information Systems, bachelor's degree 68
Insurance, certificate 0
International Business, bachelor's degree 3
Management, bachelor's degree 89
Marketing, bachelor's degree 59
Professional Selling Specialization, certificate 21
Real Estate, bachelor's degree 15

Graduate Program Completions: 2019-2020

Includes summer 2019, fall 2019, and spring 2020

Business Administration, master's degree 62
Information Assurance, master's degree 46

Retention Rate: Fall 2020 First-Time and Transfer-In Students

Percent of first-time full-time students with an undergraduate major in the Herberger Business School who returned to St. Cloud State for their second year, regardless of major.

Accounting 75.5%
Entrepreneurship 50.0%
Finance 81.6%
General Business 58.6%
Information Systems 80.6%
Management 75.0%
Marketing 75.0%
Real Estate 55.6%
Herberger Business School 69.0%

Percent of Graduates Employed in a Related Field Within One Year of Graduation, Graduation Year 2018-2019 

Accounting, bachelor's degree 97.7%
Entrepreneurship, bachelor's degree 100.0%
Finance, bachelor's degree 97.1%
General Business, bachelor's degree 100.0%
Information Systems, bachelor's degree 96.1%
Management, bachelor's degree 92.5%
Marketing, bachelor's degree 100.0%
Real Estate, bachelor's degree 100.0%
HBS, bachelor's degrees 96.5%


Business Administration, master's degree 100.0%
Information Assurance, master's degree 98.0%


Get more post-graduation outcomes from the Career Center website.


Data last updated: July 16, 2021