Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Financial Analysts in Fargo, North Dakota

If you want to be a financial analyst, the Fargo, North Dakota area offers many opportunities both for education and employment. There are currently 260 working financial analysts in North Dakota; this should grow by 23% to 310 working financial analysts in the state by 2016. This is better than the national trend for financial analysts, which sees this job pool growing by about 19.8% over the next eight years. In general, financial analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.

Financial analysts earn approximately $29 per hour or $60,340 yearly on average in North Dakota. Nationally they average about $35 per hour or $73,150 per year. Compared with people working in the overall category of Accounting and Auditing, people working as financial analysts in North Dakota earn more. They earn more than people working in the overall category of Accounting and Auditing nationally. Jobs in this field include: bank analyst, investment analyst, and portfolio analyst.

The Fargo area is home to eight schools of higher education, including two within twenty-five miles of Fargo where you can get a degree as a financial analyst. Financial analysts usually hold a Bachelor's degree, so it will take about four years to learn to be a financial analyst if you already have a high school diploma.

CAREER DESCRIPTION: Financial Analyst

Financial Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

In general, financial analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.

Every day, financial analysts are expected to be able to think through problems and come up with general rules. They need to read and understand documents and reports. It is also important that they articulate ideas and problems.

It is important for financial analysts to maintain knowledge and stay abreast of developments in the fields of industrial technology and economic theory. They are often called upon to interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences. They also analyze financial data to produce forecasts of business and economic conditions for use in making investment decisions. They are sometimes expected to monitor fundamental economic and corporate developments through the analysis of data obtained from financial publications and services, investment banking firms and personal interviews. Somewhat less frequently, financial analysts are also expected to present oral and written reports on general economic trends and entire industries.

They also have to be able to decide on the prices at which securities should be syndicated and offered to the public and evaluate and compare the relative quality of various securities in a given industry. And finally, they sometimes have to maintain knowledge and stay abreast of developments in the fields of industrial technology and economic theory.

Like many other jobs, financial analysts must be thorough and dependable and be able to deal with stress and deal with situations calmly.

Similar jobs with educational opportunities in Fargo include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Financial Analyst Training

North Dakota State University-Main Campus - Fargo, ND

North Dakota State University-Main Campus, 1301 12th Avenue North, Fargo, ND 58108-6050. North Dakota State University-Main Campus is a large university located in Fargo, North Dakota. It is a public school with primarily 4-year or above programs. It has 13,229 students and an admission rate of 80%. North Dakota State University-Main Campus has a less than one year program in Finance.

Minnesota State University-Moorhead - Moorhead, MN

Minnesota State University-Moorhead, 1104 7th Ave S, Moorhead, MN 56563. Minnesota State University-Moorhead is a medium sized university located in Moorhead, Minnesota. It is a public school with primarily 4-year or above programs. It has 7,486 students and an admission rate of 80%. Minnesota State University-Moorhead has a bachelor's degree program in Finance which graduated eight students in 2008.

CERTIFICATIONS

Certified Pension Consultant: The Certified Pension Consultant (CPC) credential is designed for benefits professionals working in plan administration, pension actuarial administration, insurance, and financial planning.

For more information, see the American Society of Pension Professionals and Actuaries website.

Certified Anti-Money Laundering Specialist: CAMS certification is rrecognized by employers in both private industry and government.

For more information, see the Association of Certified Anti-Money Laundering Specialists website.

Fiscal Services - Accelerated Package: Fiscal Services - Accelerated Package course list: Better Requests for Proposals for Better Projects; Continuous Improvement Through Monitoring; Contracting; New Coding System for the 21st Century; Procurement; and Writing Winning Grant Proposals.

For more information, see the Dynamic Works Institute website.

Certified IRA Services Professional: Applicable to financial services professionals who have dedicated IRA operational and technical experience.

For more information, see the Institute of Certified Bankers website.

Certified Personal Banker: Applicable to financial services professionals who have completed the AIB Personal Banking Diploma and who function as personal bankers.

For more information, see the Institute of Certified Bankers website.

Certified Funds Specialist: The CFS 60-hour program provides the practitioner with everything needed to select the right fund for any given situation.

For more information, see the Institute of Certified Fund Specialists website.

Certified Annuity Specialist: The CAS program is a 60-hour self-study program.

For more information, see the Institute of Certified Fund Specialists website.

Registered Financial Associate: The Registered Financial Associate (RFA) is a designation granted only to recent graduates of an approved academic curriculum in financial services.

For more information, see the International Association of Registered Financial Consultants website.

Chartered Market Technician: The Chartered Market Technician (CMT) designation is the culmination of a certification process in which candidates are required to demonstrate proficiency in a broad range of technical analysis of the financial markets.

For more information, see the Market Technicians Association website.

Certified Retirement Specialist: If you are a professional with an interest in issues and opportunities in the 403(b) marketplace, advance your career by obtaining the Certified Retirement Specialist (CRS) designation.

For more information, see the NTSAA (National Tax Sheltered Accounts Association) Educational Institute website.

Certified Financial Forensic Analyst: The Certified Forensic Financial Analyst (CFFA) credential is designed to provide assurance to the legal community-the primary users of litigation support services-the designee possesses a level of experience and knowledge deemed acceptable by the Association to provide competent and professional forensic financial support services.

For more information, see the The National Association of Certified Valuation Analysts website.

Economic Development Finance Professional: In NDC's EDFP Certification Program you will build the capacity to translate development opportunities into results for their communities.

For more information, see the The National Development Council website.

LOCATION INFORMATION: Fargo, North Dakota

Fargo, North Dakota
Fargo, North Dakota photo by Unimatic1140

Fargo is located in Cass County, North Dakota. It has a population of over 93,531, which has grown by 3.2% in the past ten years. The cost of living index in Fargo, 83, is well below the national average. New single-family homes in Fargo are priced at $139,800 on average, which is well below the state average. In 2008, four hundred four new homes were constructed in Fargo, down from four hundred forty-seven the previous year.

The top three industries for women in Fargo are health care, educational services, and finance and insurance. For men, it is construction, accommodation and food services, and educational services. The average commute to work is about 15 minutes. More than 34.4% of Fargo residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.5%, is higher than the state average.

The unemployment rate in Fargo is 3.5%, which is greater than North Dakota's average of 3.2%.

The percentage of Fargo residents that are affiliated with a religious congregation, 56.8%, is more than the national average but less than the state average. The most common religious groups are the Evangelical Lutheran Church in America, the Catholic Church and the United Methodist Church.

Fargo is home to the Elm Tree Square and the Market Square as well as Roosevelt Playground and Oak Grove Park. Shopping malls in the area include Valley North Mall, Northport Mall and West Acres Shopping Center. Visitors to Fargo can choose from Rodeway Inn Fargo, Wingate Inn and Sleep Inn Fargo for temporary stays in the area.