Herberger Business School

About the School

Accredited for over 40 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 845 programs in the world.

With 85 percent of full-time faculty terminally qualified with a doctorate or master's degree, eight 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 $210,000
  • 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 2018

Accounting, bachelor's degree 293
Business Intelligence, certificate 1
Entrepreneurship, bachelor's degree 49
Finance, bachelor's degree 348
General Business, bachelor's degree 229
Information Assurance, certificate 3
Information Systems, bachelor's degree 333
International Business, bachelor's degree 15
Management, bachelor's degree 330
Marketing, bachelor's degree 266
Professional Selling Specialization, certificate 27
Real Estate, bachelor's degree 39
TOTAL 1,933

Graduate Enrollment: Fall 2018

Business Administration, master's degree 134
Information Assurance, master's degree 121

Undergraduate Program Completions: 2017-18

Includes summer 2017, fall 2017, and spring 2018

Accounting, bachelor's degree 69
Business Intelligence, certificate 11
Entrepreneurship, bachelor's degree 6
Finance, bachelor's degree 117
General Business, bachelor's degree 10
Information Assurance, certificate 1
Information Systems, bachelor's degree 39
Insurance, certificate 2
International Business, bachelor's degree 8
Management, bachelor's degree 136
Marketing, bachelor's degree 80
Professional Selling Specialization, certificate 45
Real Estate, bachelor's degree 6

Graduate Program Completions: 2017-18

Includes summer 2017, fall 2017, and spring 2018

Business Administration, master's degree 29
Information Assurance, master's degree 69

Retention Rate: Fall 2017 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 77.3%
Entrepreneurship 42.9%
Finance 90.5%
General Business 63.4%
Information Systems 84.4%
Management 92.7%
Marketing 81.8%
Real Estate 63.6%
Herberger Business School 80.1%

Percent of Graduates Employed in a Related Field Within One Year of Graduation, Graduation Year 2016-2017 

Accounting, bachelor's degree 98.4%
Entrepreneurship, bachelor's degree 100.0%
Finance, bachelor's degree 95.7%
General Business, bachelor's degree 75.0%
Information Systems, bachelor's degree 100.0%
Management, bachelor's degree 99.1%
Marketing, bachelor's degree 95.1%
Real Estate, bachelor's degree 100.0%
HBS, bachelor's degrees 96.9%


Business Administration, master's degree 97.1%
Information Assurance, master's degree 92.9%


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


Data last updated: May 8, 2019