Navy Reserves whilst working in IB?
I’m part of a tier 2 special forces reserve unit (applied as soon as I could - currently in university). Looking to enter banking, but the reserve force takes up an evening a week in addition to a full weekend every month or so (whilst demanding maximal fitness).
How feasible is it to actually maintain this? Would it hinder my application?
On one hand, I think seniors would be pissed that I would be ‘working less’, but on the other, the military is largely worshipped and I can see HR being very lenient with things like this to avoid discrimination cases.
Based on the most helpful WSO content, balancing a career in investment banking (IB) with commitments to the Navy Reserves, especially a tier 2 special forces unit, presents a unique set of challenges and opportunities. Here are some key points to consider:
Time Management: Investment banking is notorious for its demanding hours, often requiring long nights and weekends. Balancing this with the commitment of one evening a week and a full weekend every month for the reserves will require exceptional time management skills.
Perception and Workplace Culture: The culture of the investment bank you choose to work for will play a significant role. Some banks may value the discipline and leadership skills brought by military experience, which could be seen as a strong positive. However, the reality of needing time off for reserve duties might be viewed less favorably by some colleagues or managers who are focused on the immediate demands of the job.
Legal and HR Considerations: Legally, employers are generally required to accommodate reserve duties. HR departments are typically aware of this and may indeed be lenient to avoid discrimination cases. It's important to be upfront about your commitments during the recruitment process to ensure there are no surprises.
Networking and Mentorship: Leverage your military background as a unique selling point. Networking with other veterans in the finance industry or seeking mentors who have navigated similar paths can provide invaluable advice and support.
Long-Term Career Impact: While initially, there might be some friction due to your commitments, over the long term, the skills and experiences gained from being in the reserves (such as leadership, stress management, and teamwork) are highly transferable and respected in the business world.
In conclusion, while challenging, many have successfully managed careers in high-demand fields while fulfilling reserve duties. Clear communication, upfront negotiation about your commitments, and a supportive network will be key to managing both roles.
Sources: 100% Remote Work in Investment Bank - Is It Possible?, Is work life balance really worth it when you are young?, Checking in 6 years later [IB to MBB transition], LA IB to NY PE Feasible?, Navy SEAL --> M7. What Career Opportunities Would I Have?
It might come down to the bank. I personally had success with bigger banks a lot more so than EBs with the reserve background (not SF like you though lol). I think some people have advised me to not be completely transparent about it, but I was and still landed a handful of good offers across IB/AM/ER. Ultimately took BBIB because I knew a reserves guy that was previously there and he said they were accommodating. Feel free to PM me
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