It's called the "100,000 Jobs Mission," and the goal is to hire 100,000 veterans by 2020, according to JPMorgan Chase, which has partnered with 10 other companies to provide jobs for members of the military who are leaving service.
Nate Herman, Executive Director of Military and Veterans Affairs at JPMorgan Chase, says the mission is well underway and that approximately 10 veterans have been hired every day since March.
"We want to help them start a career, not just a job," Herman told eFinancialCareers. "We're not just doing this for our own business - our firm believes this is the right thing to do."
It's also smart thinking on JP Morgan Chase's part. Veterans are typically trained to have certain traits companies are looking for in their job candidates, such as decisiveness, initiative, strong work ethic, leadership skills and the ability to operate under deadlines and pressure.
Herman says that JPMorgan Chase will train the new hires with the functional and banking skills that they need to start a new position.
So if you're a veteran and looking for work in the financial sector, you may want to give JP Morgan Chase a call. Herman says the firm will make sure to give a call back within five business days to any candidate who is a self-identified veteran.
Then, depending on the line of business, veterans who are job-seekers may be asked to speak with a recruiter or go through a few rounds of interviews.
Top Areas of Interest
The top areas of interest for new veteran hires are branch banking, collections, operations, technology and customer service. However, other sectors will also have openings, such as investment banking, where the analytical veterans with mathematical skills will be needed.
In addition, JPMorgan Chase has been holding internal training for the hiring managers to understand military culture. With this many new veteran hires planned, the firm is aware of the importance of providing a smooth transition from being an active military member to a financial markets professional.
"Many of our nation's veterans face tremendous challenges when transitioning to life after military service, and we recognize that it takes a partnership of committed individuals and organizations to help them successfully re-enter the civilian world," stated Tom Higgins, JPMorgan Chase's managing director and head of Operational Control. "JPMorgan Chase is committed to helping ease that transition whenever possible by providing jobs, homes and educational opportunities."
While the overall mission is nationwide, JPMorgan Chase is focusing on the southwest and southeast, particularly Texas, California and Florida, as well as New York and Ohio. Veterans in other regions will have more of a challenge, but JPMorgan Chase says it is also looking for non-local candidates who are willing to relocate.
The other companies participating in this effort include: AT&T, Broadridge Financial Solutions, Inc., Cisco Systems Inc., Cushman & Wakefield Inc., EMC Corporation, Iron Mountain Incorporated, Modis, NCR Corporation, Universal Health Services, Inc. and Verizon Communications Inc.