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Globe University/Minnesota School of Business History
Originally founded as two separate schools by two different
scholars, Globe University and Minnesota School of Business are
now operated by one Minnesota family. The schools share a common
mission to provide education that enables graduates to reach
their career and life goals and become empowered, knowledgeable
citizens.
Globe University (Formerly Globe College)
Globe College was founded in 1885 by Frank A. Maron,
who was born and educated in Germany. An accomplished scholar
who received a thorough, classical education, Mr. Maron realized
a great need for a more practical education for young men and
women. He made this type of education available by establishing
Globe College. From its inception, the school has focused on
teaching business as it is practiced in actual companies.
In October 1972, Helmer Myhre and Terry Myhre purchased Globe
College; each holds 50 percent ownership of the school. In June
2007, Globe College changed its name to Globe University and
moved to a new campus in Woodbury, Minn.
Minnesota School of Business
Alexander R. Archibald, a professor from Dartmouth College,
founded Minnesota School of Business (MSB) in 1877. The school’s
first location was a three-room building in Minneapolis, where
Professor Archibald and an assistant taught bookkeeping,
shorthand, English, and penmanship. In 1890, Charles T. Rickard
and Grove A. Gruman purchased MSB and moved it to a larger
facility in the Jewelers' Exchange Building on First Avenue
North and Seventh Street in downtown Minneapolis.
Between 1929 and 1988, MSB changed ownership and location three
more times, ending with the most recent purchase by Terry Myhre
in January 1988. Today, MSB is completely owned and operated by
the Terry L. Myhre family. In October 1993, MSB moved from
downtown Minneapolis to
Richfield, Minn.
Six other campus locations were opened in Minnesota between
1989 and 2007: Brooklyn Center, October 1989; Plymouth,
September 2002; Shakopee, June 2004; St. Cloud, October 2004;
Rochester, May 2005; and Blaine, January 2007.
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