2026 Best finance Degree Programs Ranking in Minnesota

What can I expect from finance degree in Minnesota?

The average cost of a finance degree in Minnesota varies depending on the institution, but students typically spend between $10, 000 and $30, 000 per year for tuition at popular schools like the University of Minnesota or St. Thomas. Graduates often recall budgeting carefully to cover tuition and living expenses, balancing part-time jobs or internships for real-world experience and financial support.

Many students find financial aid, scholarships, or work-study programs particularly helpful in managing costs. For example, practical internships in Minneapolis-Saint Paul's financial sector not only build resumes but also sometimes offer paid opportunities, easing financial pressures.

Unlike some pricey private colleges, public universities in Minnesota offer competitive tuition rates with strong program reputations. Graduates appreciate this balance, feeling confident their investment in a quality finance education sets them up for well-paying jobs in local industries like banking and asset management.

Where can I work with finance degree in Minnesota?

Graduates with a finance degree from Minnesota schools like the University of Minnesota or Saint Mary's University often find themselves stepping into diverse roles across corporate finance, banking, and investment services. For example, many start as financial analysts in companies based in Minneapolis, such as Target, where they handle budgeting and forecasting. These positions offer real-world experience through programs that emphasize hands-on learning and mentorship, making early career growth tangible and rewarding.

Others pursue careers in corporate finance or FP& A, managing financial reports and strategic planning at firms like AgriBank. Graduates appreciate the wide salary range reflecting how experience shapes their career trajectory-starting around $90, 000 and growing significantly.

Banking roles are also common, with positions like investment banking analyst or financial controller demanding strong analytical skills. Networking through organizations like CFA Society Minnesota helps grads land roles and connect with local industry leaders. This path offers the excitement of managing real client portfolios and navigating complex financial environments.

How much can I make with finance degree in Minnesota?

Finance graduates in Minnesota can anticipate diverse earning potentials depending on their career path and experience. For example, financial analysts in the state earn an average of about $112, 950 annually, or $54. 30 per hour, aligning with national averages reported by the Bureau of Labor Statistics. Those pursuing roles as financial advisors have even stronger earning opportunities, with mean annual wages near $150, 670.

Graduates from Minnesota's Carlson School of Management often report starting salaries around $83, 947, with signing bonuses that can boost early income by $5, 000 to $25, 000. Entry-level analysts in cities like Duluth may start closer to $47, 250 but can expect growth to $64, 800 with experience. In Minneapolis, salaries tend to be higher, reflecting urban demand and costs.

Credit analysts earn about $94, 750 on average, while investment banking analysts share salary figures similar to financial analysts. Insurance underwriters make approximately $85, 610 annually. These roles offer practical, attainable income milestones for graduates building their finance careers in Minnesota.

By focusing on gaining experience and targeting specialized industries or larger companies, new graduates can confidently plan for upward salary growth beyond initial figures.

How long does it take to complete finance degree in Minnesota?

Completing a finance degree in Minnesota typically takes four years for most students following the traditional undergraduate path. Graduates from universities like Minnesota State University Moorhead and the University of Minnesota Carlson School of Business often share how their degree programs required around 120 credits, usually spread over eight semesters. They recall balancing 15 credits each semester, which kept their schedules manageable while maintaining steady progress.

Some students speed up their journey by enrolling in accelerated graduate programs. For example, the Carlson School's Master of Science in Finance can be finished in just 10 months across three semesters, ideal for those eager to enter the workforce quickly. Others appreciate the flexibility of Saint Mary's University's online graduate certificate, completed in about eight months, which fits well around busy work and family commitments.

Remember, actual completion times vary based on factors like transfer credits, part-time study, and course availability. But Minnesota's options let you tailor your path-whether full-time on campus or part-time online-to fit your lifestyle and ambitions.

What's the difference between online and on-campus finance degree?

Choosing between an online and on-campus finance degree in Minnesota comes down to how you want to learn and manage your time. On-campus degrees, like those at Metropolitan State University, offer face-to-face classes with professors and peers. Graduates often appreciate the immediate feedback and networking at events or campus resources such as finance labs and career centers, which help build connections in the local job market.

In contrast, online finance degrees-such as the fully online BS at University of Minnesota-Crookston-give you flexibility to study from anywhere, ideal for those balancing work or family. Online students may join live lectures or work at their own pace, offering more control over scheduling.

Costs can also differ; online programs often save money on commuting and housing but charge per credit similarly to on-campus options. St. Mary's University's online certificate highlights how online learning can fit busy lives without sacrificing career advancement.

Practical students weigh on-campus interaction against online convenience, choosing what best fits their lifestyle and goals.

What is the average cost of finance degree in Minnesota?

The average cost of a finance degree in Minnesota varies mainly by residency status and type of institution. For in-state students attending public universities like the University of Minnesota, the median total expense for finance degree Minnesota is around $14, 436. This cost typically covers tuition and fees over four years. Graduates often recall balancing this investment with part-time work or scholarships aimed at finance students, which ease financial pressure.

Out-of-state students face a higher median cost, approximately $31, 126, which aligns with figures seen at private institutions such as St. Thomas or Gustavus Adolphus College. These schools offer strong finance programs, but tuition and related expenses can significantly add up. Many students advise researching merit-based scholarships and federal aid early to help offset this price difference.

In addition to tuition, it's vital to budget for books, housing, and personal costs, which quickly add to the total expense. Some Minnesota public universities provide targeted financial aid packages that attract finance candidates and reduce overall debt. Considering accelerated pathways is also useful-those focused on completing an accelerated bachelor's degree in finance can save both time and money.

What financial aid is available to finance degree students in Minnesota?

Start by completing the FAFSA annually using your Minnesota school's federal code. This is essential to unlock federal grants, loans, and work-study options that many finance students rely on to bridge tuition gaps. A graduate from the University of Minnesota Crookston recalls how FAFSA helped her secure work-study that covered textbooks and living expenses, easing her financial burden.

Next, explore the Minnesota Office of Higher Education state grants. These grants target students from low- to moderate-income families attending Minnesota colleges, reducing out-of-pocket tuition costs significantly. For instance, a recent graduate from Minnesota State University, Mankato shared how a state grant made it possible for him to focus more on studies rather than juggling multiple jobs.

Don't overlook institutional scholarships and campus-specific grants. Several Minnesota campuses offering finance degrees actively encourage applications for these awards. Southwest Minnesota State University business students often benefit from campus support, which softened their financial strain during the program.

Finally, apply for scholarships from professional organizations like the Minnesota Society of CPAs. They offer awards up to $10, 000 for finance and accounting students, providing excellent support to both undergraduates and grads preparing for their careers.

Return on Investment (ROI) for Finance Degrees in Minnesota

Calculating the true value of a finance degree in Minnesota requires weighing tuition costs against post-graduation earnings and career advancement. On average, a bachelor’s degree in finance costs $9,600 per year at public universities and $37,220 at private institutions, while graduates earn a median starting salary of approximately $65,000 to $75,000. Assuming annual tuition of $9,600 and living expenses of $12,000, the typical student invests about $84,000 over four years, recouping this in roughly 1.2 to 1.4 years of full-time employment. Advanced degrees such as a master’s in finance average $11,500 per year at public universities, but boost median salaries to $95,000–$110,000, shortening payback periods to under one year. Net present value (NPV) calculations, using a 3% discount rate, reveal that a bachelor’s degree yields an NPV of over $250,000 over a 20-year career, while a master’s degree pushes NPV beyond $350,000. Prospective students balancing cost and outcomes may also compare regional affordability. For a broader view of value and lower-cost online options, see Most Affordable Online Finance Degree Programs Ranking in Pennsylvania.

What are the prerequisites for enrolling in finance degree program in Minnesota?

To enroll in a finance degree program in Minnesota, you'll need to meet specific academic prerequisites that set the foundation for success. Most students start by completing high school with solid grades, aiming to rank in the upper half of their class or achieve test scores like an ACT 21 or SAT 990, as seen at Southwest Minnesota State University.

Before diving into advanced finance classes, expect to finish core courses such as Principles of Microeconomics, Macroeconomics, Accounting I and II, Business Statistics, and Finite Math. These subjects build the essential skills that will make upper-level learning much smoother.

In universities like Minnesota State University, Mankato, maintaining a cumulative GPA of around 2. 50 and earning at least a C in foundational courses like ACCT 200 and ECON 201 is crucial to move into the finance major. Meanwhile, at the University of Minnesota Duluth, students share how meeting a 2. 60 overall GPA and completing pre-major courses with at least a 2. 00 GPA helped them confidently advance in their studies.

This pathway may seem challenging, but successfully navigating it offers a rewarding start to your finance career in Minnesota.

Internship and Experiential Learning Opportunities

Minnesota’s finance programs excel at integrating real-world experience through internships, cooperative education, and industry partnerships. Many universities, including the University of Minnesota and Minnesota State University, have formal internship pipelines with leading banks, consulting firms, and government agencies, ensuring students apply classroom theories to live projects. For example, the Carlson School of Management places finance majors in summer analyst roles at U.S. Bank and Wells Fargo, where students gain hands-on exposure to financial modeling, investment evaluation, and client presentations. Beyond traditional internships, students can participate in cooperative education (co-op) programs that alternate semesters of full-time work with academic study. These immersive experiences often extend for six to twelve months, deepening technical skills and boosting employability. Case competitions and student-run investment clubs further enrich experiential learning by challenging teams to develop portfolios, pitch strategies to panels of industry judges, and analyze market trends in a competitive setting. For those pursuing specialized career paths such as economic analysis or policy advisory roles, understanding the requirements to become an economist early in their academic journey can guide internship selection. Faculty-mentored research projects also offer opportunities to collaborate on publishable studies in areas like risk management or international finance, often leading to conference presentations and professional networking. By actively engaging in co-ops, internships, and research, finance students in Minnesota build a robust portfolio of practical accomplishments. This not only enhances resumes but also clarifies career goals, fosters industry relationships, and often results in job offers before graduation.

What courses are typically in finance degree programs in Minnesota?

Students pursuing a finance degree in Minnesota dive into courses that build strong analytical and practical skills for real-world finance jobs. Graduates from the University of Minnesota Crookston often describe courses like Managerial Finance and Investment Analysis as eye-opening, helping them understand how businesses manage money and assess risks daily.

At the University of Minnesota's Carlson School, finance majors experience a carefully structured curriculum starting with essentials like Financial Reporting and moving toward advanced topics such as Portfolio Management and Options and Derivatives. These courses prepare students to make smart investment decisions and tackle complex market challenges.

For those interested in graduate studies, programs like the Master of Science in Finance add technical depth with classes that include Computing for Finance and Machine Learning for Finance, reflecting current industry trends toward data analysis and technology-driven solutions.

Minnesota State University, Mankato blends theory with practical case studies focused on local businesses, covering topics like Risk Management and Financial Planning. Graduates appreciate how these courses closely replicate problems they'll face in real finance roles.

What types of specializations are available in finance degree programs in Minnesota?

Minnesota students pursuing a finance degree often focus on several practical specializations that align well with the state's economic landscape. At institutions like the University of Minnesota, graduates frequently choose corporate finance to develop skills in managing business finances, capital budgeting, and risk management-knowledge that is highly valued by large companies such as Target and 3M located right in Minnesota.

Another common path is investment finance, which addresses portfolio management and securities analysis. Graduates find this particularly useful due to Minneapolis's growing financial services sector, opening doors to careers in investment banking and wealth management.

For students interested in personal finance roles, financial planning is popular, helping them assist individuals with retirement and tax strategies in a state known for its comparatively high median household income. Many also opt for financial economics or risk management and insurance considering Minnesota's regulatory and insurance industries. Exploring short online certificate programs that pay well can complement these specializations.

These targeted choices ensure that students engaging in the best finance programs with specializations Minnesota offers can directly connect their education to tangible career outcomes.

How do you choose the best finance degree in Minnesota?

Start by identifying the specific finance degree you want, such as a Bachelor of Science in Finance or a Bachelor of Business Administration with a finance focus. Graduates from the University of Minnesota often share how programs with AACSB accreditation, like the Carlson School of Management, gave them confidence in the quality of their education and boosted their job prospects.

Consider affordability closely. Many students seek affordable finance colleges in Minnesota and find public institutions provide a balanced cost around $13, 000 per year for in-state tuition. Comparing this with private schools that may charge over $35, 000 helps manage expectations and financial planning effectively.

Practical experience matters. For instance, students appreciate how Minnesota's Twin Cities financial hub connects them with internships at U. S. Bank or Thrivent Financial, giving hands-on exposure and valuable networking. Also, check if your chosen program covers evolving topics like FinTech and risk management, equipping you for modern finance roles.

Finally, look into career services and faculty expertise. Smaller classes and mentors with real-world experience often lead to a smoother transition into finance careers. For deeper career insights, explore what master degree makes the most money to plan your future beyond undergraduate study.

What career paths are available for finance degree students in Minnesota?

Graduates pursuing a finance degree career opportunities in Minnesota find diverse paths shaped by the state's thriving economy and finance sector. Many start in corporate finance or financial analysis roles in Minneapolis and Saint Paul, gaining hands-on experience with companies linked to top universities such as the University of Minnesota. Others leverage internships at major firms like U. S. Bank to transition into investment management or commercial banking, directly applying classroom knowledge to real-world financial products and client portfolios.

Minnesota finance graduate job prospects extend beyond traditional roles. Graduates engage in risk management at insurance companies or explore accounting and auditing for local businesses. Increasingly, students from private colleges appreciate expanding options in data analysis and financial technology, benefiting from connections in Minnesota's growing FinTech scene. Practical experience and local internships make these opportunities tangible and rewarding.

Students also consult resources like the best colleges list to find programs offering strong career services, ensuring finance degree holders gain relevant skills and solid employment prospects immediately after graduation.

What is the job market for finance degree in Minnesota?

The job market for finance degree holders in Minnesota benefits from the state's strong financial sector anchored by institutions like U. S. Bank and Ameriprise Financial. Graduates from popular schools such as the University of Minnesota often find opportunities in roles like financial analysis, budgeting, and personal financial advising. Many report that completing internships through local firms or university programs played a critical role in securing their first positions, highlighting the practical need for early industry exposure.

Employment opportunities for finance graduates Minnesota show steady growth, especially in the Twin Cities area where finance-related occupations concentrate. For instance, recent graduates have noted median salaries around $80, 000 for entry-level financial analysts in Minneapolis. Pursuing specialized skills such as risk management or financial planning can increase earning potential and career growth.

Cost-conscious students appreciate that Minnesota public universities keep tuition reasonable, averaging about $10, 000 per year for in-state students, making a finance degree a worthwhile investment. Many graduates enhance their career success by obtaining high paying certifications that complement their degree and expand their job market prospects.