Finance Degree for Jobs in North Dakota


As the number eight state in the U.S. for business growth prospects according to Forbes, North Dakota looks to provide significant opportunities for aspiring finance professionals. According to the U.S. Department of Labor, Bureau for Labor Statistics, the top 10% of North Dakota's financial managers, financial examiners, loan officers, personal financial advisors, and stock brokers earn more than $100,000 annually, with top personal financial advisors earning more than $208,000 per year, the maximum value the Department of Labor reports. The ability to earn such substantial wages in the state is due in large part to the availability of jobs in the large international investment banks and financial services firms with a presence in the state.

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Degrees Available to Finance Majors in North Dakota

Several schools across North Dakota offer bachelor’s degree programs related to finance, while graduate degree programs including specialized MBAs are available online.

Bachelor’s Degrees in Finance  Designed for aspiring financial specialists, financial analysts, and series 65 licensed investment advisor representatives (IARs), among others:

  • Bachelor of Business Administration (BBA) in Managerial Finance
    • Located in Grand Forks
    • 125 hours
  • Bachelor of Science (BS) in Finance
    • Located in Fargo
    • 126 hours
  • Bachelor of Science in Finance
    • Located in Dickinson
    • 69 hours
  • Bachelor of Science with a Major in Finance
    • Located in Minot
    • 120 hours
  • Bachelor of Arts (BA) in Financial Planning and Wealth Management
    • Located in Jamestown
    • 56 semester hours

Graduate Degrees in Finance  Designed for aspiring financial managers, budget analysts, and certified government financial managers (CGFM), as well as executive-level leaders in corporate finance:

Although North Dakota is not home to schools offering graduate programs specifically related to finance, finance majors in the state may enroll in online programs to obtain degrees like these:

  • Master of Science (MS) in Finance
  • Master of Science (MS) in Financial Management
  • Master of Business Administration (MBA) in Finance and Investing
  • Master of Business Administration (MBA) in Financial Management

North Dakota’s Top Employers in the Finance industry

North Dakota’s top financial institutions range from well-known banks to financial advisory firms. Some of the state’s top employers in the finance industry include:

  • Alerus Financial in Grand Forks – Financial services including wealth management and mortgage
  • First International Bank in Arnegard – Banking
  • Bank of North Dakota in Bismark – Banking
  • Securian Financial Advisors of North Dakota in Mandan – Financial advisory and other services

Wage Ranges for North Dakota’s Finance Professionals

A finance career in North Dakota can be highly lucrative, with many professionals in the state earning six-figure incomes. The U.S. Bureau for Labor Statistics (BLS) reported income ranges for a number of jobs in North Dakota’s finance industry (wages are listed as bottom 10%, mean, and top 10%):

  • Financial Managers – $64,340; $114,320; $172,720
  • Accountants and Auditors – $36,060; $58,340; $86,810
  • Budget Analysts – $48,980; $64,600; $82,860
  • Financial Analysts – $44,310; $75,090; $104,650
  • Personal Financial Advisors – $30,890; $95,400; $208,000*
  • Financial Examiners – $36,940; $71,870; $121,550
  • Loan Officers – $41,990; $70,560; $101,500
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – $33,630; $90,980; $201,090

*Wage is equal to or greater than $208,000 a year.  The US Bureau of Labor Statistics does not report income this high.

Job Growth Projections for North Dakota’s Finance Professionals

A wide range of positions in North Dakota’s financial services sector are expected to experience strong job growth in the coming years with the occupations shown below exhibiting growth at least 150% greater than the national average. The North Dakota Workforce Intelligence Network projects growth for the following finance careers from 2014 to 2024:

  • Personal Financial Advisors – 40 percent growth rate
  • Financial Analysts – 23 percent growth rate (twice the national growth rate)
  • Loan Officers – 23 percent growth rate (nearly three times the national growth rate)
  • Securities, Commodities, and Financial Services Sales Agents (Stockbrokers) – 22 percent growth rate (twice the national growth rate)
  • Financial Examiners – 19 percent growth rate (twice the national growth rate)
  • Accountants and Auditors – 16 percent growth rate
  • Financial Managers – 15 percent growth rate (twice the national growth rate)

 

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