I'm interested in a career in financial services and wondering if the military offers related roles. What kind of finance-related jobs does the military have, and do they require any special qualifications?
The military indeed offers several roles in financial services across various branches, and they play key roles in maintaining the financial health of the military operations.
In the Army, you have the Financial Management Technician (MOS 36B), who is responsible for budgeting, disbursing, and accounting for government funds. They also make sure vendors are paid, budgets are balanced, and financial matters are met so the Army keeps running. No special qualifications are required apart from the basic qualifications for enlisting in the Army, but you would undergo specific job training for this role.
The Navy has a role known as a Financial Management Analyst. These individuals monitor and control fiscal resources, maintain ledgers, and review and execute budgets and project documents. To qualify, you must complete the Navy's recruitment and training processes, but additional training specific to the role would be provided.
The Air Force has a position called Financial Management & Comptroller. This role manages financial operations including accounting, budgeting, disbursing, and cost analysis for air force operations. To qualify, you should meet the general eligibility criteria for enlisting in the Air Force and complete the necessary job training.
The Coast Guard has a rate (their term for occupation) called Yeoman (YN), who are responsible for administrative and clerical work, including the preparation of budgets and cost control reports. Yeomen would have to complete basic training, like all Coast Guard members, as well as "A" School to learn the intricacies of their role.
Meanwhile, the Marine Corps has a Military Occupational Specialty (MOS) called Financial Management Resource Officer. This role involves general financial management, accounting, auditing and fiscal control responsibilities. As far as special qualifications, they require the same general requirements of becoming a Marine, and then will undergo the necessary training.
Most financial roles within the military require individuals to have a solid foundation in accounting, economics, and finance. Mathematical aptitude and attention to detail are beneficial, and strong communication skills are essential given the nature of the work.
Remember, all of these roles would require you to complete the required basic training which varies by military branch, after which you'd receive job-specific training. Also, the benefits of such a career path often include gaining exceptional experience, skills, and training that can be highly beneficial in a subsequent civilian career in finance.
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