At Drexel, he averaged over 19 points per game during his college basketball career, and led the Dragons to their first-ever NCAA Men's Division I Basketball Championship appearance in 1986, where they lost to eventual national champion, Louisville.

That year Anderson was named to the UPI and Sporting News honorable mention All-America teams.

Anderson also led the Dragons to an upset of a David Robinson-led Navy team in the Palestra in 1987, one of the biggest wins in school history.

He was recognized in 2008 by the Colonial Athletic Association as a CAA Men's Basketball Legend, in a class that included University of Maryland and James Madison University head coach Charles "Lefty" Driesell.

[2] After that, he played for Ülkerspor in Turkey, and with them he won the 1997–98 Turkish Basketball Super League season championship, while averaging 21.1 points per game.