Banks step up efforts to recruit ex-military personnel
12 November 2014
Banks such as JP Morgan, Morgan Stanley, Citi and Goldman Sachs have been increasing the number of people they hire from the army, the navy, air force and marines, according to an article in the Financial Times.
Thu, 13 Nov 2014Banks such as JP Morgan, Morgan Stanley, Citi and Goldman Sachs have been increasing the number of people they hire from the army, the navy, air force and marines, according to an article in the Financial Times.
It was reported that financial services institutions were formalising the selection process because of their belief that skills developed in the armed forces, such as leadership, teamwork and problem solving would be useful in banking.
Morgan Stanley has run quarterly career transition workshops since 2010 and this year it created ex-forces internships in institutional sales and trading and finance and operations.
In 2011, JP Morgan began an internship programme, designed to expose ex-military personnel to different parts of the bank. Meanwhile, this year Citi launched a programme to encourage people leaving the forces in their 20s to join the bank’s graduate scheme. Goldman Sachs runs a veterans’ integration programme.
It was reported that financial services institutions were formalising the selection process because of their belief that skills developed in the armed forces, such as leadership, teamwork and problem solving would be useful in banking.
Morgan Stanley has run quarterly career transition workshops since 2010 and this year it created ex-forces internships in institutional sales and trading and finance and operations.
In 2011, JP Morgan began an internship programme, designed to expose ex-military personnel to different parts of the bank. Meanwhile, this year Citi launched a programme to encourage people leaving the forces in their 20s to join the bank’s graduate scheme. Goldman Sachs runs a veterans’ integration programme.
