Finance Degree for Jobs in Minnesota


As home to four local financial services firms and holdings companies on the Fortune 1,000 list (U.S. Bancorp, Ameriprise, Thrivent Financial and Securian Financial Group), Minnesota is home to thousands of skilled brokers, analysts and advisors, all of which are paid handsomely for their expertise.

The Minnesota Department of Employment and Economic Development expects to see strong job growth in the state’s financial services sector during the ten-year projection period from 2014 to 2024, with personal financial advisors leading the way with a job growth rate of more than 16%.

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Degrees for Finance Majors in Minnesota

Preparing for a career with one of Minnesota's top financial institutions starts by obtaining a degree in finance. Minnesota plays host to a number of respected business schools that offer undergraduate and graduate degree programs in finance through both online and traditional classroom based programs:

Associate’s Degrees in Finance  Designed for aspiring financial services sales agents and series 7 licensed stockbrokers, among others:

  • Associate of Science (AS) in Business/Financial Services
    • Located in Cloquet
    • 60 hours
  • Associate of Science (AS) with a Banking and Finance Concentration
    • Located in Minneapolis
    • 60 hours

Bachelor’s Degrees in Finance  Designed for personal financial planners, budget analysts, and series 65 licensed investment advisors among others:

  • Bachelor of Science (BS) in Finance
    • Located in Crookston
    • 120 hours
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Duluth
    • 120 hours
  • Bachelor of Science (BS) in Finance
    • Located in Duluth
    • 68 hours
  • Bachelor of Science (BS) in Finance
    • Located in Mankato
    • Seven finance courses
  • Bachelor of Science (BS) in Finance
    • Located in Marshall
    • 63 hours
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Minneapolis
    • Seven finance courses
  • Bachelor of Science (BS) in Finance
    • Located in Moorhead
    • 120 hours
  • Bachelor of Science (BS) in Finance
    • Located in Saint Cloud
    • 33 hours
  • Bachelor of Business Administration (BBA) in Finance
    • Located in Saint Paul
    • Three required finance concentration courses
  • Bachelor of Science (BS) in Finance
    • Located in Saint Paul
    • 128 hours
  • Bachelor of Science (BS) in Finance
    • Located in Saint Paul
    • 70 semester hours
  • Bachelor of Science (BS) in Finance
    • Located in Winona
    • 69-70 semester hours

MBA and Master’s Degrees in Finance  Designed for financial managers, certified government financial managers (CGFM), certified financial planners (CFP), and executive leaders in corporate finance:

  • MBA with a Specialization in Finance
    • Located in Minneapolis
    • 55 hours
  • MBA with a Specialization in Finance
    • Located in Minneapolis
    • 42 hours
  • MBA with a Specialization in Corporate Finance
    • Located in Minneapolis
    • Online program
    • 36 hours
  • Master of Science (MS) in Accounting in Finance
    • Located in Moorhead
    • 16 core hours, five elective courses

Graduate Certificates in Finance  Designed for aspiring loan officers, financial analysts, and financial managers, among others:

  • Fundamentals of Quantitative Finance Postbaccalaureate Certificate
    • Located in Twin Cities
    • Online option
    • 14 hours

Doctoral Degrees in Finance  Designed for financial analysts and budget analysts for large companies, finance educators, financial managers, and more:

  • PhD in Business Administration with a Specialization in Finance
    • Located in Minneapolis
    • 64 hours

Minnesota’s Top Employers in the Financial Services Sector

Graduates of Minnesota’s finance programs do not have to look far for the chance to work for multibillion-dollar financial institutions. Examples of large finance employers in Minnesota include, but are not limited to:

  • U.S. Bancorp in Minneapolis   Financial holdings company
  • UnitedHealth Group in Minnetonka  Health insurance
  • Ameriprise Financial in Minneapolis  Financial services
  • Thrivent Financial in Minneapolis  Fraternal benefit society
  • Securian Financial Group in St. Paul  Mutual financial services

Income Ranges for Minnesota’s Finance Professionals

Minnesota’s strong financial sphere creates ample opportunities for finance professionals to earn income well into the six-figure range. According to the U.S. Bureau for Labor Statistics (BLS), as of 2016 Michigan's finance professionals earned the following annual incomes (wages are listed as bottom 10% average, mean, and top 10% average):

  • Financial Managers – $71,990; $137,050; $208,000*
  • Accountants and Auditors – $43,410; $70,920; $104,360
  • Budget Analysts – $45,910; $72,130; $103,380
  • Financial Analysts – $50,670; $88,150; $136,900
  • Personal Financial Advisors – $46,850; $108,820; $206,740
  • Financial Examiners – $49,810; $88,680; $140,870
  • Loan Officers – $38,300; $77,090; $124,880
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) –  $30,010; $94,880; $208,000*

*These figures are at or above $208,000 a year. The US Bureau of Labor Statistics does not report wages beyond this value. 

Job Growth Projections for Minnesota’s Finance Professionals

The Minnesota Department of Employment and Economic Development projects strong job growth in the financial services sector from 2014 to 2024:

  • Personal Financial Advisors – 16.6% projected growth
  • Accountants and Auditors – 7% projected growth
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – 6.1% projected growth
  • Loan Officers – 5.9% projected growth
  • Financial Analysts – 4.9% projected growth
  • Financial Managers – 4% projected growth

 

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