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Jon Aarsvold began their work experience as a Commissioned National Bank Examiner at the Office of the Comptroller of the Currency in 1986. Jon then moved on to become a Regional Credit Officer at Community First Bankshares (now known as Bank of the West) in 1995. After serving in this role for 10 years, they transitioned to become a Credit Risk Territory Manager at Bank of the West in 2005. Four years later, in 2009, they took on the position of Chief Credit Officer at Bell Bank, where they currently work.

Jon Aarsvold attended the University of North Dakota from 1981 to 1986. No specific degree or field of study was mentioned for this period.