Although I'm currently in the early stages of applying to MBA programs, my reality is that it may not be the best move financially for me to pursue that route at this time.
Hi Kyle! Thanks for your question. First, I see you're in an ACP Mentorship, so that's a good step!
Many finance organizations are looking for the skills veterans have attained through their military experience, whether or not it is finance related. A number even have training programs that could be useful.
ACP recently had virtual events with Wells Fargo and Morgan Stanley that could be helpful to watch and learn more: https://www.acp-usa.org/news/acp-events.
In addition, the following articles and resources might have some good advice:
Good luck - I hope you find this useful!
Hello Kevin and thank you for serving.
Among the attributes employers like in veterans is their discipline, work ethic, integrity and interpersonal skills, especially financial services firms.
Am MBA can be helpful, but expensive. Wall Street likes MBAs, but unless from a top tier school, some have questioned whether the benefit is worth the cost, in time or expense. [full disclosure - I have an MBA, but obtained when they were less expensive.]
A somewhat lower cost alternative you may consider is the Chartered Financial Analyst [CFA] designation from the CFA Institute. The CFA is one of the highest distinctions in the investment management profession. See: https://www.cfainstitute.org/en/programs/cfa
In my own career I have worked with several analysts and portfolio managers who did not have MBAs or even degrees in finance. They had redirected their careers, as you are, by studying for the CFA. As Megan mentioned, many financial institutions will support continuing education for professional employees.
All the best.
Thank you for your service. I am the program director at Fordham University for their Masters in Global Finance program but have an MBA, worked at several Wall St. banks and did a lot of recruiting for the banks I had worked at. The first suggestion is to reach out to human resources at as many large and medium-sized banks as possible and ask about their Employee Affinity Programs for veterans to get an idea of which schools they recruit from and how many veterans they have hired recently. Then ask for references for veterans they have hired as they have went through the process you are considering so you can better access whether an MBA is worth it. Happy to discuss in more detail if you are interested.
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