In 1987, he signed professional terms with Raith Rovers, and went on to make 111 league appearances for the Stark's Park club, scoring 23 goals.
In just under two years with the Jambos, he scored nine goals in 60 appearances, the most notable being the winner in an Edinburgh Derby in March 1992.
Ferguson signed for St Johnstone for £110,000 in 1993, but his four years in Perth were blighted by injury and he managed only 42 league appearances.
Ayr United came in for Ferguson's services in 1997, and with his injuries behind him, managed to score sixteen goals in 55 games with the Honest Men, including a crucial strike in a Scottish Cup tie against local rivals Kilmarnock.
After leaving Shielfield Park, He returned to his junior football roots with Bo'ness United.