I need advice for my future! (please help)

I'm on a gap year and have a spot at a semi-target university (Bristol). Because I won't be as competitive as the target university students from LSE should I apply for a bursary from the army which means I have to serve 4 years after university as an officer. I was thinking it would be good because they pay for my university courses (economics) then I can further do a masters at a target university. On top of this, I was thinking it would look good on my CV if I have a leadership role of being an officer. All this I hope will increase my chances into breaking into IB as I know its highly competitive.

Just a thought, please let me know what you think :)

2 Comments
 

Based on the most helpful WSO content, here are some insights and advice for your situation:

Pros of Joining the Military with a Bursary:

  1. Financial Support:

    • The military bursary will cover your university expenses, which can significantly reduce your financial burden.
  2. Leadership Experience:

    • Serving as an officer will provide you with valuable leadership experience. This is highly regarded in the finance industry, especially in roles like Investment Banking (IB).
  3. Post-911 GI Bill:

    • After serving, you can utilize the Post-911 GI Bill to fund further education, such as a master's degree at a target university. This can enhance your academic credentials and make you more competitive.
  4. Networking Opportunities:

    • Military service can offer unique networking opportunities and experiences that can differentiate you from other candidates.

Considerations:

  1. Commitment:

    • A 4-year commitment is significant. Ensure you are prepared for the lifestyle and responsibilities that come with military service.
  2. Career Transition:

    • Transitioning from the military to IB can be challenging. However, many have successfully made this switch by leveraging their leadership and unique experiences.
  3. Timing for MBA:

    • If you plan to pursue an MBA, consider whether to do it while on active duty or after completing your service. Each option has its pros and cons. For instance, doing it while on active duty might limit your internship opportunities in IB/PE.

Pathways and Options:

  1. Service Academy or ROTC Route:

    • You can get a free degree from US Federal Service Academies or through ROTC. This route guarantees financial support and leadership training.
  2. Officer Candidate School (OCS) Route:

    • Join any branch as an officer after completing your degree. This route also offers financial benefits and leadership experience.
  3. Post-Service Education:

    • Utilize the GI Bill and Yellow Ribbon Program to fund an MBA or other advanced degrees at top universities.

Additional Advice:

  • Talk to Recruiters:

    • Speak with officer recruiters from each service branch to understand the specific requirements and benefits.
  • Plan Your Career Path:

    • Consider how military service fits into your long-term career goals. The leadership and discipline gained can be a strong asset in IB.
  • Network and Prepare:

    • While in the military, network with professionals in the finance industry and prepare for the transition by staying updated on industry trends and requirements.

Conclusion:

Joining the military with a bursary can be a strategic move to fund your education, gain leadership experience, and enhance your CV. However, it requires careful consideration of the commitment and how it aligns with your long-term career goals in IB.

For more detailed discussions and personal experiences, you might want to explore threads on Wall Street Oasis related to military service and transitioning to finance.

Sources: Q&A: CFA Charterholder, left finance to join the Army, now going into IB, https://www.wallstreetoasis.com/forum/school/timing-mba-with-military-service?customgpt=1, Q&A: Big 4 -> Military Officer -> Top 10 MBA, Q&A: CFA Charterholder, left finance to join the Army, now going into IB, People wondering whether they should quit their IB job to join the military

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