Happy Veterans Day! While the unemployment rate for post-9/11 veterans has unfortunately been high in past years, it seems the finance sector is looking to do something about it. Citigroup, for one, recently announced that they hired almost 300 veterans in the past three months, in addition to the 150 veterans hired earlier this year. Citigroup is part of the group Veterans on Wall Street—an initiative dedicated to honoring and employing former members of the military. Other participating companies include Bank of America, Credit Suisse, Deutsche Bank, and Goldman Sachs. JPMorgan is also planning to host a job fair in Tempe, Arizona, targeted primarily towards veterans.
Many financial firms believe that veterans make great employees because of their strong teamwork and leadership skills. Veterans generally also have a strong work ethic and are able to handle high-stress environments. According to Jeff Cathey, the head of military banking at Bank of America, “People come out of the armed services with an enormous variety of skills, from leadership training to cybersecurity to finance…they tend to thrive in a pay-for-performance environment. You can’t overtask them.” So if you served in the military and are looking for a job, consider working in finance!