After graduating from college, Jacobson worked as a teacher and farmer in Red Cloud, Nebraska. He later worked as an agricultural lending officer for City National Bank in Hastings, Nebraska. He later worked as a senior vice president at the National Bank of Commerce in Lincoln, Nebraska. In 1998, Jacobson founded NebraskaLand Bank. Jacobson has also served as chair of the North Platte Redevelopment Authority and North Platte Airport Authority. He was appointed to the Nebraska Legislature by Governor Pete Ricketts in February 2022, succeeding Mike Groene.
