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Edwin Sidney Werts and James White Sheffey Rhea founded MUS as a college-preparatory school for boys in the fall of 1893.
By 1958, it graduated its first seniors.
In 1990, the school constructed the Sue H. Hyde Sports and Physical Education Center, symbolizing that it had become as much an athletic as an academic powerhouse.
Thorn retired in 1992, and William Campbell succeeded Thorn as headmaster for three years.
In 1995 the Board of Trustees selected Upper School principal Ellis Haguewood to lead the school.
Alumnus Trow Gillespie, who had spearheaded the fundraising, replaced Ben Adams in 2004 as chairman of the Board of Trustees.
Ellis Haguewood retired in June 2017 after 48 years at the school, including 22 as headmaster.
In February 2021 the school announced a new strategic plan, Legacy Forward, with six strategic goals guided by 12 implementation champions representing the Board and the school.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Norfolk Academy | 1728 | $50.0M | 217 | - |
| Frederica Academy | 1969 | $10.0M | 72 | - |
| Brownell Talbot School | 1863 | $10.0M | 50 | 5 |
| Xaverian Brothers High School | 1963 | $10.6M | 128 | - |
| Malvern Preparatory School | 1842 | $50.0M | 100 | - |
| Linfield Christian School | 1936 | $10.0M | 100 | 4 |
| Southwest Christian School | 1969 | $50.0M | 150 | - |
| Chapel Hill Academy | 1970 | $5.0M | 34 | - |
| Ouachita Christian School | 1974 | $10.0M | 95 | 1 |
| Trinity Collegiate School | 1995 | $5.0M | 40 | - |
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Memphis University School may also be known as or be related to MEMPHIS UNIVERSITY SCHOOL and Memphis University School.