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MuffinMonarch's avatar

Is Military experience good for a Finance career?

Asked by MuffinMonarch (148 points ) February 4th, 2011

I am a senior in college and intend to enter the Finance field (As a trader/stock broker and eventually in a Hedge Fund or as a Portfolio Manager).

If I can’t get a job right away I was thinking about joining the military and then going for a Finance job after my first 4 yrs.

I would hope to learn another language (already know english and spanish) and other intangibles that might be appreciated in the Finance field while using the 4 yrs to practice my technical Finance skills.

Is it a good idea? Any thoughts are appreciated.

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14 Answers

CaptainHarley's avatar

Military experience is goof for virtually any career, and for being able to cope with life in general. I have never regretted mine, but some people have had a different type of experience in the military.

SmashTheState's avatar

A job inflicting cultural imperialism on others is probably a good introduction to inflicting economic imperialism, yes. Capitalism offers ample opportunities for both.

optimisticpessimist's avatar

The military will teach you leadership skills which a lot of people do not have naturally. It really depends on the branch and MOS, and whether you would be going in as officer or enlisted what technical things you would learn. I think joining the military is a very good
start to anyone’s career, personally. It does teach you a lot and gives you a broader perspective on life and the world, in general.

If you enter to be a linguist, they will teach you a language and you have to be fluent in it to pass the school. Potential problems, you usually have to enlist for longer than four years, depending upon the language, and you do not usually get to choose the language.

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bkcunningham's avatar

My husband and many executives in many different fields I know say they would rather work with and/or hire an former military person, someone who grew up and worked on a farm, or an Eagle Scout over a recent college graduate any day.

woodcutter's avatar

try to get a job in the military that relates to finance, They are out there but probably not as easy to get as say….grunts.

JLeslie's avatar

I would think there are positions for finance and related fields like accounting in the military. My father approved federal grants to universities for mental health research in the Public Health Service (PHS has the same rank and uniform as Navy, just a different insignia). A gentleman my husband and I recently became friends with is a Navy recruiter and tried to recruit my husband, he does HR work, specializing in Compensation and Benefits. Military service is a great idea. If you stay in for 20 years you can retire with a full pension and full benefits (free medical, free space A flights all over the world, stay on base, shop on base) and at 45 start a new career if you want in the private sector,

laureth's avatar

Related to what @woodcutter says: I leaned over and asked my (former Army, current Econ geek) husband what his answer to this question would be. He said, “Well, it depends what you DO in the military. Right now, there’s a big demand for front-line grunts. However, that sort of work might inure a person to the kind of pain-infliction they would need to do as a hedge fund manager or any other financial job where you earn your living sapping away other peoples’ retirement funds.”

JLeslie's avatar

Also, I am pretty sure companies are supposed to hire exmilitary over another applicant if everything is equal, so it gives you a leg up in that way.

CaptainHarley's avatar

@JLeslie

No, only Federal Organizations are required to add a specified number of points to the hiring “scores” of veterans. Some states have similar requirements, but I know of no requirements for civilian employers to give any advantage to veterans.

JLeslie's avatar

@CaptainHarley Interesting. It usually is a question on a job application. I vaguely remember when I studied Personnel in college that they move to the head of the line. I have to ask my husband.

CaptainHarley's avatar

That may be a reflection of the individual company’s internal policies. Of course, things could have changed since I got out back in 2000.

JLeslie's avatar

@CaptainHarley You very well could be correct. I don’t feel sure about what I said.

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