Finance Schools in Minnesota

This guide provides information for those interested in a master’s in finance degree in Minnesota. Students can choose from varied programs to find the one that best suits their needs. Some universities offer full-time, accelerated programs for Master of Business Administration (MBA) degrees or Master of Science in Finance (MSF) degrees. Other programs are designed for working professionals, offering part-time schedules or fully online options. Graduates with degrees in finance in Minnesota may find opportunities within the state to work as financial analysts, bankers, portfolio managers, accountants, or other financial industry positions. The information below details different programs available in Minnesota and possible career opportunities after graduation.

Finance Program Stats

  • There are 19 four-year not-for-profit colleges and universities with finance degree programs in Minnesota.1
  • 2 schools offer a master’s or advanced degree in finance.1

Institution-Wide Facts

  • Highest graduation rate*: University of Minnesota, Twin Cities 78%.1
  • Highest transfer-out rate*: University of Minnesota, Crookston 33%.1
  • Highest net price per year*: University of St. Thomas $30,791.1
  • Lowest net price per year*: University of Minnesota, Crookston $13,396.1
  • Annual undergraduate tuition range for finance programs in Minnesota*: $7,566–$39,594.1
  • 1 school in the Businessweek’s Top Business Undergraduate Programs in 2016: University of Minnesota Twin Cities Carlson School of Management (#69).2
  • 1 school in the US News Best Business Graduate Schools in 2017 (top 100): University of Minnesota Twin Cities Carlson School of Management (#32).3

*For 4-year not-for-profit colleges and universities that offer a finance degree program.

Schools in Minnesota with Master’s in Finance Degrees

Traditional Master’s in Finance Programs

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University of Minnesota

At the Carlson School of Management at the University of Minnesota, students can earn a Master of Science in Finance (MSF) in three intensive semesters over the course of a year. This program is designed for early career professionals in fields such as corporate finance, security analysis, portfolio management, and investment banking. The curriculum focuses on financial theory, quantitative and computation skills, and real-world applications, covering both finance and business fundamentals. Graduates are prepared to use these tools in the industry to understand and act on complex financial markets. Graduates of the program are also encouraged to take advantage of the university’s career coaching and alumni network in the Twin Cities and worldwide.

Minnesota State University

Minnesota State University offers a Master of Business Administration (MBA) degree designed to teach the tools necessary in the business world. The program focuses on a foundation of critical strategic thinking, and students learn managerial and leadership skills, real-world applications of business knowledge, and ethical decision-making. The program starts with core classes such as data analytics, management, and information technology. Students then have the option to choose a concentration in an area such as leadership and organizational change, international business, or healthcare management. The coursework emphasizes actual business situations and hosts executive seminars on real-world skills. Those without an undergraduate business degree may need to take prerequisites before beginning the program. Students can study at the Mankato or Twin Cities campus, and the program can be completed in two years through evening classes or in a flexible format over a longer period of time.

University of St. Thomas

The Opus College of Business at the University of St. Thomas has a Master of Business Administration (MBA) program for working professionals looking to advance in their careers. Applicants are encouraged to have at least two years of work experience and the curriculum focuses on business concepts that are relevant to the global industry. Students can complete the degree in an accelerated 16 months or add a graduate certificate in a 21-month format. Graduate certificates are specializations available in areas such as business analytics, corporate communication, strategic growth, and global business. The first year of the program is devoted to the core coursework, focusing on business fundamentals, global finance principles, and leadership and communication skills. Students then pursue summer internships or study abroad experiences before returning to pursue elective courses and specializations.

Online Master’s in Finance Programs

St. Mary’s University of Minnesota

At St. Mary’s University of Minnesota, students can earn an online Master of Business Administration (MBA) in an accelerated year-long program. Students can earn the same degree at the Twin Cities, Rochester, or Winona campuses in a flexible, part-time format in two and a half years. Students in the online MBA program can choose a general MBA path or specialize in data analytics, social media management and marketing, or sustainability and environmental management. The curriculum focuses on quantitative analysis of the business world as well as skills such as effective communication and strategic decision-making. Faculty advisors work with students to develop professional networks and apply classroom knowledge in real-world situations at work.

Concordia University, Saint Paul

Concordia University, Saint Paul offers a 42-credit Master of Business Administration (MBA) fully online or through on-campus evening courses. This program is designed for working professionals that are interested in an advanced degree but need a flexible schedule. The curriculum emphasizes the modern business environment and the trends and skills necessary to be successful in the industry. Classes cover foundational financial knowledge, real-world business examples, and global practices and ethics. Students have the option to choose from three specializations: health care management, information technology management, or marketing analytics. Online and on-campus students also have a designated MBA faculty mentor to advise networking strategies and career opportunities.

Minnesota Career Opportunities for Graduates

Minnesota has many possible career opportunities for graduates from master’s in finance schools. The state’s metropolitan center is the Twin Cities, Minneapolis and St. Paul, but smaller cities like Duluth and Bloomington are also home to many companies. Many known companies such as Target, General Mills, and 3M are headquartered in the state as well as multinational companies like Cargill and Carlson Companies. Financial services institutions such as Thrivent Financial, U.S. Bancorp, and TCF Financial Corporation employ many Minnesotans. Graduates from finance schools in Minnesota may find opportunities with these large companies in the state or within the state’s strong financial industry.

Minnesota Finance Job Information

OccupationNumber EmployedAverage Salary
Business and Financial Operations Occupations164,180$71,420
Financial Analysts6,480$88,150
Financial Examiners1,400$88,680
Financial Managers14,710$137,050
Financial Specialists, All Other3,330$68,420
Loan Officers7,540$77,090
Personal Financial Advisors3,810$108,820

Data from the Bureau of Labor Statistics as of 2017.4

Minnesota Salary and Job Outlook

Positions in the finance industry in Minnesota are growing and students with a master of finance degree may have career opportunities within the state. Financial managers in Minnesota earn an average wage of $137,050 annually.4 The Twin Cities area has some of the highest employment of financial managers in the country, and employees there earn an average salary of $145,460, above the national average of $139,720.5,4 The Twin Cities metropolitan area also has a high employment level of financial examiners, who earn an average of $88,680 annually in the state.6,4 Personal financial advisor positions are projected to grow by only 16.6% over the next ten years, compared to the national rate of 29.6%, but those additional 210 positions annually will earn an average salary of $108,820.7,4

Additional Resources

Directory of Minnesota Master’s in Finance Programs

Minnesota State University Moorhead
1104 7th Ave S
Moorhead, MN 56563
(800) 593-7246

University of St. Thomas
2115 Summit Ave
St. Paul, MN 55105
(651) 962-5000

1. National Center for Education Statistics (NCES): https://nces.ed.gov/collegenavigator/
2. Bloomberg, Best Undergraduate Business Schools 2016: https://www.bloomberg.com/features/2016-best-undergrad-business-schools/
3. US News & World Report, Best Business Schools in 2017: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
4. Bureau of Labor Statistics, Occupational Employment Statistics, May 2016 State Occupational Employment and Wage Estimates, Minnesota: https://www.bls.gov/oes/current/oes_mn.htm
5. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Managers: https://www.bls.gov/oes/current/oes113031.htm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Examiners: https://www.bls.gov/oes/current/oes132061.htm
7. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm