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 Program Enrollment: Fall 2017

Accounting, BS 361
Business Intelligence, CERT 3
Entrepreneurship, BS 48
Finance, BS 407
General Business, BS 264
Information Assurance, CERT 2
Information Systems, BS 294
International Business, BS 29
Management, BS 387
Marketing, BS 266
Professional Selling Specialization, CERT 14
Real Estate, BS 41
Total 2,116

Graduate Program Enrollment: Fall 2017

Business Administration, MBA 103
Information Assurance, MS 158
Total 261

Undergraduate Program Completions: 2016-2017

Accounting, BS 77
Business Intelligence, CERT 24
Entrepreneurship, BS 9
Finance, BS 113
General Business, BS 3
Information Assurance, CERT 2
Information Systems, BS 54
Insurance, CERT 2
International Business, BS 16
Management, BS 133
Marketing, BS 87
Professional Selling Specialization, CERT 31
Real Estate, BS 13
Total 564

Graduate Program Completions: 2016-2017

Business Administration, MBA 49
Information Assurance, MS 39
Total 88

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 their 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%
Herberger Business School Overall 75.3%

Employment Outcomes: Status of 2015-2016 Graduates Within One Year of Graduation

Of the school's 573 total graduates, 76.8% were employed in a related field, 1.4% were employed in an unrelated field, 3.8% were unemployed, and the remaining 18.0% of graduates were continuing their education or their status was unavailable/unknown.

For additional employment outcomes, go to the Career Center website and click on Stats by Colleges/Schools & Majors.


Data last updated: May 10, 2018