Pulling the trigger on Plan B

Based on the most helpful WSO content, your situation is not uncommon, and many individuals have faced similar crossroads. Here are some insights and advice:

1. Networking and Applications:

   • Keep pushing hard on networking and applications. Even as a student at a non-target, persistence and strategic networking can open doors. Focus on alumni from your school who are in finance, particularly in hedge funds or related fields. They may be more inclined to help someone from their alma mater.
   • Consider broadening your scope beyond hedge funds to other areas of finance, such as investment banking, asset management, or corporate finance. These roles can serve as stepping stones to hedge funds later.

2. Military as a Backup Plan:

   • Joining the military, especially in a specialized role like Army EOD, is a commendable and meaningful path. However, as highlighted in WSO threads, it’s important to view this as a long-term commitment rather than a temporary fallback. Once you enlist, you’re likely committing several years of your life to this path.
   • If you’re serious about the military, start preparing physically and mentally now. Programs like NAVSCOLED are rigorous, and being in top shape will be crucial.

3. Timing and Decision-Making:

   • Giving yourself until the fall of your senior year is a reasonable timeline. Use this time to exhaust all options in finance, including internships, networking, and applying to veteran-friendly programs like JPMorgan’s MVIP or Goldman Sachs VIP, which are designed to help veterans transition into finance roles.
   • If you decide to pursue the military, consider how it aligns with your long-term goals. Many veterans have successfully transitioned into finance post-service, leveraging their leadership and teamwork skills. However, this path may delay your entry into high finance by several years.

4. Alternative Finance Entry Points:

   • If hedge funds seem out of reach, consider roles in defense contracting or government finance roles that align with your military interests. These can provide valuable experience and potentially lead to finance opportunities later.

Ultimately, whether you choose finance or the military, commit fully to your decision and make the most of the opportunities it presents. Both paths have the potential to be fulfilling and impactful.

Sources: Q&A: CFA Charterholder, left finance to join the Army, now going into IB, Q&A: CFA Charterholder, left finance to join the Army, now going into IB, Transitioning Veteran Advice Please, Enlisted, Special Ops Army to IB to PE, Military veteran looking for an executive assistant position