Globe University and Minnesota School of Business (Globe/MSB) was a private for-profit education network based out of Washington County, Minnesota, providing specialized training programs in business, accounting, medical, legal, information technology, massage, veterinary technology, and design fields. The large network had multiple campuses in Minnesota, Wisconsin, and South Dakota.
In September 2016, the state of Minnesota stopped the business from operating in the state.[1] All Globe/MSB locations were permanently closed by 2017 because they lost their federal student aid funding.[2]
Minnesota School of Business was founded in 1877 by Professor Alexander R. Archibald, previously of Dartmouth College. He and an assistant taught classes in bookkeeping, shorthand, English, and penmanship in a three-room school in Minneapolis, Minnesota. For 12 years the school was called Archibald Business College. In 1890 the school was purchased by Charles T. Rickard and Grove A. Gruman and moved to larger facilities in the Jewelers’ Exchange Building in Minneapolis.
In 1929, the school was sold to the Correll and Kamprath families and was relocated to 24 South Seventh Street. In 1979 the School was moved again to the Chamber of Commerce Building in Minneapolis.
ITT Educational Services Inc. purchased the school in 1969. Terry L. Myhre purchased the school in January 1988.[3]
Globe College was founded in 1885 by Frank A. Maron, who was born and educated in Germany. An accomplished scholar, he received a classical education in his native country. Recognizing a need for a practical education for young men and women, he established Globe College in Minnesota. From its inception, the university stressed the teaching of business as it is practiced. In October 1972, Helmer Myhre and Terry Myhre purchased the college. In June 2007, it was renamed Globe University.[3]