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How would i translate my Supply Admin/Logistical Expierence from serving in the Marine Corps into a role in financial services?

Veteran

Elias Deleon San Antonio, TX

Good afternoon
I'm looking for advice on what types of roles I could break into now while working on completing my Bachelor's degree in the financial services/ banking realm that doesn't require a degree. I feel I have great admin and records management abilities and work ethic. I just don't have any banking experience; most roles ask for experience, and I'm not sure if banks provide training for new hires. Thank you in advance.

4 October 2023 4 replies Mentoring

Answers

Advisor

Joe Engle Indianapolis, IN

Hello Elias. It is good that you are working on your Bachelor degree, that should open
doors for you. Go after entry level positions in San Antonio. Many times companies will hire entry level people to help with tasks for various reasons. The pay will be entry level, but for you it is a great chance to get good experience, and references, and know people (think networks). Working on a degree will put you ahead of people that aren't.

Suppose you get an entry level position. It is very likely, that as you get close to getting your degree, you will be considered for degreed positions that are opening up, in the company. So you may end up going that route, or you may find something better when you graduate, and leave altogether.

Look at indeed.com and other job sites in your area, and don't be shy about being a student, and emphasize the courses you have taken, and are taking. If you have an Associates degree, be sure to put that on your resume! Of course any experience etc will be good too. You may well fit the companies entry need, that does not require a degree, but they prefer someone responsible, and professional. They will like that you are working on a degree.

Thanks for your service!

9 October 2023 Helpful answer

Advisor

Ramesh Nyathani Schaumburg, IL

Hi Elias,
With no experience in banking and financial services may initially seem like a pivot, but you can make it if you start with a certification in this sector and map the skills acquired in a military logistic role with the financial sector roles. Be prepared to start with small or offering part time support to organizations to create some relevant experience in this space.
Here’s how you might frame some of those skills and experiences you can map in order to build your profile:
1. Technology Utilization:
Military Context: Leveraging technology for inventory management, data analysis, and logistics coordination.
Financial Services Translation: Utilizing financial technology for data analysis, transaction processing, customer relationship management, and regulatory compliance.
Application in Financial Services:
2.Analytical Skills:
Military Context: Managing supplies, optimizing inventory, and ensuring that materials are distributed efficiently requires strong analytical and problem-solving skills.
Financial Services Translation: These skills are directly applicable to financial analysis, risk management, and strategic planning within financial services, helping organizations optimize their portfolios, manage risk, and ensure compliance.
3. Leadership and Team Management:
Military Context: Leading teams, managing resources, and ensuring that objectives are achieved efficiently and effectively.
Financial Services Translation: Leadership skills are essential for managing teams within financial services, driving performance, ensuring adherence to policies, and contributing to the achievement of organizational goals.
4. Risk Management:
Military Context: Ensuring that supplies are managed and distributed in a way that minimizes risks and ensures continuity.
Financial Services Translation: Risk management is a key component of financial services, involving assessing, identifying, and managing potential risks that could hinder the achievement of business objectives.
5. Process Optimization:
Military Context: Streamlining supply chains, reducing waste, and ensuring that resources are utilized effectively.
Financial Services Translation: Implementing and optimizing processes for improved efficiency and cost-effectiveness, which is crucial in areas like operations, customer service, and back-office functions within financial services.
6. Compliance and Regulations Adherence:
Military Context: Ensuring that logistics and supply management adhere to military protocols and regulations.
Financial Services Translation: Ensuring that financial transactions, reporting, and operations comply with relevant laws and industry regulations.
7. Project Management:
Military Context: Managing logistical projects to ensure that resources are allocated effectively and objectives are achieved.
Financial Services Translation: Managing projects within financial services to ensure they are delivered on time, within scope, and on budget, while coordinating between various stakeholders.
8.Operational Roles: Your logistical and administrative skills may seamlessly translate into operational roles within financial services, focusing on process optimization, resource management, and compliance.
Client Services or Relationship Management: Your experience in managing personnel and ensuring the provision of resources can translate into client management, ensuring that their needs are met and relationships are maintained.
Remember to tailor your resume and cover letter to emphasize these transferable skills and use specific examples from your experience in the Marine Corps to illustrate how you have applied these skills in a practical context. Also, during interviews or networking opportunities, be ready to discuss your experiences and how they relate to the financial services sector in a coherent and compelling manner.
Hope this helps!

Best Regards,
Ramesh Nyathani
ACP Mentor Profile: https://acp-advisornet.org/community/xnp5j3/ramesh-nyathani
LinkedIn Profile: https://www.linkedin.com/in/ramesh-nyathani-pmp-2b987815/

9 October 2023 Helpful answer

Advisor

David Root San Antonio, TX

Transitioning from a Supply Admin/Logistical role in the Marine Corps to a role in financial services can be a challenging but rewarding endeavor. While you may not have direct banking experience, you can leverage your skills and military background to make a successful transition. Here are some steps you can take to help you break into the financial services industry:

Networking: Networking is crucial in any industry, including finance. Attend networking events, career fairs, and online forums related to finance and banking. Connect with professionals in the industry on LinkedIn, and don't hesitate to reach out for informational interviews.

Research: Gain a good understanding of the financial services industry. Read books, articles, and watch videos or webinars on finance and banking topics to familiarize yourself with the terminology and key concepts.

Financial Certifications: Consider pursuing relevant certifications that can make you more marketable. Some entry-level certifications include Certified Financial Planner (CFP), Certified Investment Management Analyst (CIMA), or Chartered Financial Analyst (CFA). While these may require a degree, you can start working toward them after completing your bachelor's degree.

Transferable Skills: Emphasize your transferable skills on your resume and during interviews. Your administrative and records management abilities, as well as your work ethic, can be valuable in many roles within financial services, such as operations, compliance, or customer service.

Internships or Entry-Level Positions: Look for internships or entry-level positions in banks or financial institutions that don't require a degree. These roles could include bank teller, customer service representative, or administrative assistant. While these positions may not be directly related to finance, they can be a foot in the door and provide valuable experience.

Resume Tailoring: Customize your resume to highlight the aspects of your military experience that are relevant to financial services. Focus on your attention to detail, organizational skills, ability to work under pressure, and any financial responsibilities you may have had during your service.

Interview Preparation: Practice interviewing and be ready to discuss how your military experience has prepared you for a career in finance. Be confident in your abilities and articulate your desire to learn and grow in the industry.

Utilize Military Transition Resources: The military offers transition programs and resources to help service members transition into civilian careers. Take advantage of these resources, which may include resume workshops, job placement assistance, and career counseling.

Remember that breaking into a new industry often takes time and persistence. Be patient and continue to build your knowledge and network. With dedication and the right strategy, you can make a successful transition into the financial services field.

5 October 2023 Helpful answer

Advisor

Richard Byrne Hillsborough, NJ

Looks like many Intern opportunities, Job search:

https://www.google.com/search?q=jobs%3A+%22Financial+Services+Trainee%22+OR+%22Banking+Trainee%22+OR+%22Financial+Services+Intern%22+OR+%22Banking+Intern%22+location%3A+San+Antonio%2C+TX#ip=1

Alternat job search:
https://www.google.com/search?q=jobs%3A+Banking+AND+%22Oracle+Database%22+location%3A+San+Antonio%2C+TX#ip=1

I've added links to information & videos under these sections of my EE webpage that could help you put together a resume:
https://eehot.com/ee.html#cool (Department of Defense Credentialing Opportunities On-Line)
https://eehot.com/ee.html#mentoring
https://eehot.com/ee.html#resumes
https://eehot.com/ee.html#networking - get 1 year FREE LinkedIn premium as a veteran.
https://eehot.com/ee.html#va

Alternately, Log onto the ACP Platform
Select Community
Select the Advisors tab
Select 'Financial Services" from the "Refine by" pull down menu
Enter the zip ie.: 78015
Message some of the advisors that you find interesting

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