Herberger Business School

About the School

Accredited for 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 817 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 2017

Accounting, bachelor's degree 361
Business Intelligence, certificate 3
Entrepreneurship, bachelor's degree 48
Finance, bachelor's degree 407
General Business, bachelor's degree 264
Information Assurance, certificate 2
Information Systems, bachelor's degree 294
International Business, bachelor's degree 29
Management, bachelor's degree 387
Marketing, bachelor's degree 266
Professional Selling Specialization, certificate 14
Real Estate, bachelor's degree 41
TOTAL 2,116

Graduate Enrollment: Fall 2017

Business Administration, master's degree 103
Information Assurance, master's degree 158

Undergraduate Program Completions: 2016-17

Accounting, bachelor's degree 77
Business Intelligence, certificate 24
Entrepreneurship, bachelor's degree 9
Finance, bachelor's degree 113
General Business, bachelor's degree 3
Information Assurance, certificate 2
Information Systems, bachelor's degree 54
Insurance, certificate 2
International Business, bachelor's degree 16
Management, bachelor's degree 133
Marketing, bachelor's degree 87
Professional Selling Specialization, certificate 31
Real Estate, bachelor's degree 13

Graduate Program Completions: 2016-17

Business Administration, master's degree 49
Information Assurance, master's degree 39

Retention Rate: Fall 2016 First-Time and Transfer-In Students

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

Accounting 67.1%
Entrepreneurship 65.0%
Finance 92.5%
General Business 71.3%
Information Systems 71.4%
International Business 65.0%
Management 71.2%
Marketing 74.5%
Real Estate 66.7%
HBS Average 75.3%

Employment Status Within a Year of Graduation

Of the 573 HBS graduates for 2015-16:

  • 76.8 percent were employed in a related field
  • 1.4 percent were employed in an unrelated field
  • 3.8 percent were unemployed
  • 18 percent were continuing their education or their status was unavailable/unknown

Get more employment outcomes from our Career Center website.


Data last updated: May 10, 2018