Median Earnings (1yr)
$47,744
21st percentile
40th percentile in Minnesota
Median Debt
$31,000
33% above national median

Analysis

Rasmussen's finance program starts below both national and Minnesota medians, with first-year earnings of $47,744 falling in just the 21st percentile nationally. While that's concerning, there's a silver lining: earnings jump 34% to $63,775 by year four, ultimately putting graduates closer to competitive territory. Among Minnesota's 21 finance programs, this one sits right at the medianβ€”not great, but far from the bottom. For comparison, Minnesota's top programs like UMN Twin Cities and St. Thomas produce graduates earning $66,000-$69,000 right out of the gate.

The debt picture offers some relief. At $31,000, it's higher than state and national medians, but the 0.65 debt-to-earnings ratio means graduates typically owe less than their first year's salaryβ€”manageable for most borrowers. Given that half of Rasmussen students receive Pell grants, the school serves students who might not access Minnesota's higher-ranked programs. For those students, this represents a pathway into finance careers, though they'll likely start in lower-paying roles before working their way up.

The bottom line: This program works best for students seeking accessibility over prestige, who understand they'll need a few years to reach competitive earnings. If your child can access Minnesota's stronger programs through similar debt levels, those offer better immediate returns. But for students prioritizing flexible scheduling or who face barriers to traditional universities, Rasmussen provides a viable if unspectacular route into finance careers.

Where Rasmussen University-Minnesota Stands

Earnings vs. debt across all finance and financial management services bachelors's programs nationally

Earnings Distribution

How Rasmussen University-Minnesota graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Rasmussen University-Minnesota$47,744$63,775+34%
University of Minnesota-Twin Cities$69,094$87,799+27%
University of St Thomas$66,006$81,390+23%
University of Minnesota-Duluth$51,953$71,475+38%
Winona State University$52,188$70,992+36%

Compare to Similar Programs in Minnesota

Finance and Financial Management Services bachelors's programs at peer institutions in Minnesota (21 total in state)

Scroll to see more β†’

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Rasmussen University-MinnesotaSt. Cloud$10,899$47,744$63,775$31,0000.65
University of Minnesota-Twin CitiesMinneapolis$16,488$69,094$87,799$21,5000.31
University of St ThomasSaint Paul$52,284$66,006$81,390$26,2500.40
Augsburg UniversityMinneapolis$43,942$63,598$64,401$27,0000.42
Concordia College at MoorheadMoorhead$30,020$59,104β€”β€”β€”
Saint Mary's University of MinnesotaWinona$43,160$58,451β€”$27,0000.46
National Medianβ€”$53,590β€”$23,3320.44

Career Paths

Occupations commonly associated with finance and financial management services graduates

Financial Managers

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

$161,700/yrJobs growth:Bachelor's degree

Treasurers and Controllers

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

$161,700/yrJobs growth:Bachelor's degree

Investment Fund Managers

Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$161,700/yrJobs growth:Bachelor's degree

Chief Executives

Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

$105,350/yrJobs growth:Bachelor's degree

Chief Sustainability Officers

Communicate and coordinate with management, shareholders, customers, and employees to address sustainability issues. Enact or oversee a corporate sustainability strategy.

$105,350/yrJobs growth:Bachelor's degree

General and Operations Managers

Plan, direct, or coordinate the operations of public or private sector organizations, overseeing multiple departments or locations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services. Usually manage through subordinate supervisors. Excludes First-Line Supervisors.

$105,350/yrJobs growth:Bachelor's degree

Personal Financial Advisors

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.

$102,140/yrJobs growth:Bachelor's degree

Financial and Investment Analysts

Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

$101,910/yrJobs growth:Bachelor's degree

Financial Risk Specialists

Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.

$101,910/yrJobs growth:Bachelor's degree

Budget Analysts

Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.

$87,930/yrJobs growth:Bachelor's degree

Business Teachers, Postsecondary

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Insurance Underwriters

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

$79,880/yrJobs growth:Bachelor's degree
About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At Rasmussen University-Minnesota, approximately 51% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 39 graduates with reported earnings and 45 graduates with debt data. Small samples may not be representative.