Finance Schools in North Dakota
This page provides information for those interested in a master’s in finance degree in North Dakota. Students can choose from a variety of programs that offer Master of Business Administration (MBA) degrees with various specializations and concentrations. Some programs are designed for full-time students while others are part-time, evening programs or fully online degrees ideal for working professionals. After graduation, those with master’s in finance degrees may find opportunities to work in the state in financial positions or as business owners. Read on below to find out more details about different finance programs, curriculum, and career possibilities in North Dakota.
Finance Program Stats
- There are 5 four-year not-for-profit colleges and universities with finance degree programs in North Dakota.1
- No schools offer a master’s or advanced degree in finance.1
- Highest graduation rate*: North Dakota State University and University of North Dakota 55%.1
- Highest transfer-out rate*: North Dakota State University 29%.1
- Highest net price per year*: University of Mary $16,746.1
- Lowest net price per year*: Minot State University $9,987.1
- Annual undergraduate tuition range for finance programs in North Dakota*: $6,348-$17,445.1
- No schools in the Businessweek’s Top Business Undergraduate Programs in 2016.2
- No schools in the US News Best Business Graduate Schools in 2017 (top 100).3
*For 4-year not-for-profit colleges and universities that offer a finance degree program.
Schools in North Dakota with Master’s in Finance Degrees
Traditional Master’s in Finance Programs
North Dakota State University
North Dakota State University’s College of Business offers a Master of Business Administration (MBA) degree. This program focuses on imparting a broad understanding of the functional areas of business as well as analytical and leadership skills. The curriculum starts with generalist courses such as Strategic Cost Management, Advanced Operations Management, Information Resources Management, and Economics for Managers in the Global Economy. These required courses are typically offered in the evening during the academic year to accommodate students with full-time jobs. After the foundational courses, students can choose from a variety of electives in their particular areas of interest, and optional concentrations in healthcare or supply chain and logistics are available. Coursework includes group and individual projects, field research, guest lectures, class discussion, case studies, and teleconferencing for distance learners. Students without a strong background in business may need to take additional prerequisite courses in accounting, economics, statistics, and finance before beginning the core curriculum.
University of Mary
Students at the Gary Tharaldson School of Business at the University of Mary can earn a Master of Business Administration (MBA) degree in a part-time evening format, completely online, or in a mix of on-campus and online study. Students learn tools and skills in the classroom that are applicable to real-world business problems. The curriculum includes core classes such as Project Management, Marketing, Managerial Finance, and Executive Economic Analysis. These foundational courses emphasize theory and research as well as experiential learning, and students are encouraged to connect their coursework to their professional careers. Students can choose from eight optional concentrations, such as energy management, healthcare, human resource management, and project management. Evening courses are available in Bismarck, Fargo, and Grand Forks Air Force Base, and this program can be completed in 20 months in an accelerated format or on a student’s own schedule on a part-time basis.
Online Master’s in Finance Programs
University of North Dakota
At the College of Business and Public Administration at the University of North Dakota, students can earn a Master of Business Administration (MBA) degree online or on campus. The broad curriculum is designed for students with a variety of backgrounds, and the four main learning modules focus on key areas such as business analytics, financial and economic analysis, executive management, and leadership strategy. Students learn how to manage organizations and obtain the functional business knowledge needed to make management decisions. Students can choose a general track MBA or a concentration in international business or social entrepreneurship. All courses are available in a hybrid format, whether students attend the evening classes onsite at UND or via live synchronous teleconferencing. The MBA degree takes most students two years to complete, and live web classes are held one evening a week. Online students pay in-state tuition regardless of where they live.
North Dakota Career Opportunities for Graduates
North Dakota’s economy may provide career opportunities for students with finance degrees after graduation. The state is home to a large agricultural sector, and energy, oil, and coal companies may offer many financial and accounting positions. Microsoft and Amazon have large centers in the state, and many local and statewide healthcare companies such as Noridian Healthcare Solutions, Sanford Health, and Altru Health System have headquarters in the state as well. North Dakota is home to the only state-owned bank in the country, the Bank of North Dakota, as well as numerous local and regional banks and financial institutions. Fargo, Bismarck, and Grand Forks are the major metropolitan areas in the state. Graduate with master’s of finance degrees may have an advantage in finding a position at one of the many companies based in North Dakota.
North Dakota Finance Job Information
|Occupation||Number Employed||Average Salary|
|Business and Financial Operations Occupations||17,490||$61,460|
|Financial Specialists, All Other||340||$62,000|
|Personal Financial Advisors||500||$95,400|
Data from the Bureau of Labor Statistics as of 2018.4
North Dakota Salary and Job Outlook
Graduates from finance schools in North Dakota may find opportunities to work in finance after finishing their studies. Personal financial advisor positions are projected to grow in the state by 40% through 2024, which is much faster than the national rate of 29.6%.5 These positions earn an average annual salary of $95,400 in North Dakota.4 Financial analysts in the state earn $75,090 annually, which is lower than the national average of $97,640.4,6 However, financial analyst positions in North Dakota are projected to grow at 23%, double the national projected rate of 11.7%.5 Financial examiners in the state can expect to earn an average of $71,870, and these positions are projected to grow by 18.8% through 2024 in North Dakota.4,5 Those with master’s degrees in finance in the state may be able to work in one of these positions or other financial roles after graduation.
- North Dakota Society of Accountants (NDSA) – Professional organization of accountants in the state. NDSA supports educational activities for members and advocates for industry policy.
- Healthcare Financial Management Association North Dakota Chapter (NDHFMA) – Membership group of professionals in the healthcare financial administration industry. The state chapter of HFMA organizes networking activities and educational events, advocates for industry interests, and publishes relevant news.
- North Dakota Bankers Association (NDBA) – Society of organizations doing banking in the state. NDBA advocates for beneficial industry legislation, provides educational opportunities for banking professionals, and promotes shared resources and news amongst members.
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, North Dakota: https://www.bls.gov/oes/current/oes_nd.htm
5. Projections Central, Long Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
6. Bureau of Labor Statistics, Occupational Employment and Wages, May 2016, Financial Analysts: https://www.bls.gov/oes/current/oes132051.htm