Veterans have training and experience with a number of skill sets that are highly attractive to the financial industry. Many have experience with budgets, analysis, and financial report preparation. Below are a number of opportunities for veterans.
|Job Title||Median Wage (2016)*||Job Growth (2016-2026)*||Applicable Military Skills/Traits|
|Financial Analysts||$81,760||11%||Experience gathering data, intelligence, and financial analysis|
|Personal Financial Advisors||$90,530||15%||Experience preparing unit budgets, credit counseling, and analyzing financial performance|
|Financial Managers||$121,750||19%||Preparation of budgets, analysis, management and leadership|
|Accountants and Auditors||$68,150||10%||Experience with financial reports, payroll, and disbursements|
|Budget Analysts||$73,840||7%||Experience with budget analysis and forecasting, tracking|
Source: *U.S. Bureau of Labor Statistics
Civilian Jobs for Veterans in the Financial Sector
The financial industry tracks, manages, and analyzes the flow of money and funding. Many veterans have experience with managing and analyzing budgets, as well as accounting, purchasing, inventory control, and making disbursements. This experience may make them ideal candidates for careers in finance.
Veterans who have experience with data gathering and intelligence analysis are likely to do well as financial analysts. Their training with crunching data and creating an actionable narrative may be of value in this career.
Financial analysts help individuals, businesses, and governments make investment decisions. They analyze data from the stock, bond, and private equities markets and devise investment plans accordingly. They may work analyzing a particular market product or sector, or they may advise an organization in terms of its overall investment strategy. A bachelor's degree is required.
Personal Financial Advisors
This might be a good career choice for veterans who provided guidance and advice to their units and fellow servicemen regarding credit and budgets. Their experience working with individuals to plan their financial futures could be seen as an asset in the civilian workforce.
Personal financial advisors help individuals manage their finances and savings. They advise individuals of retirement and tax strategies which may be beneficial to their savings and wealth. In addition, they provide information about mortgages, college savings plans, IRAs and 401(k)s, retirement, and estate planning. A bachelor's degree is necessary for this career.
Veterans who were responsible for managing and implementing budgets for projects or departments may do well as financial managers. This position requires leadership, discipline, and planning abilities.
The financial future of businesses and organizations lies with their financial manager. These individuals have oversight of the financial health of the entire enterprise. They plan and manage cash flow, monitor investments, oversee benefit and retirement accounts, as well as purchasing and payroll. This position requires a bachelor's degree, but a master's degree is becoming a common requirement.
Accountants and Auditors
This may be a good career choice for those veterans who worked in preparing financial reports, bookkeeping, receivables/payables, payroll, and inventory control. Veterans who are detail-oriented and thorough may be most likely to succeed.
Accountants and auditors track and record the financial transactions of companies and other organizations. They prepare financial statements and reports, and prepare and pay taxes. They are also responsible for maintaining the reliability and integrity of the company's ledgers and financial statements. Candidates are required to have a bachelor's degree and further certification may be necessary in given specialties.
For veterans who served as number crunchers and liked to optimize systems in order to find ways to do a job better, faster, or cheaper, this may be a suitable career. This is the attitude required for budget analysts to do their best work.
Budget analysts research and analyze company finances to ensure that they are managed to maximum benefit. Their advice is also sought regarding legal and regulatory compliance on tax and investment questions. They prepare budget reports for businesses, governments, and non-profit institutions. A bachelor's degree is required to become a budget analyst.