Are there signing bonuses for joining the military?

New recruits can earn up to $40,000 in enlistment bonuses! The amount of your enlistment bonus depends on the length of the contract and the desired Military Occupational Specialty (MOS). The Army offers incentives for signing up for a longer tour such as a four or five-year commitment.

What is the average military signing bonus?

The $40,000 bonus is available for recruits joining for six-year enlistments, Military.com first reported. A three-year enlistment will net recruits a $20,000 bonus, four years gets $25,000 and five-year terms of service earn $30,000.

What military jobs have signing bonuses?

Navy Enlistment Bonus Examples of 2021 high-demand jobs qualifying for a bonus of ​$15,000​ or more included missile technician, air rescue swimmer, hospital corpsman and information systems technician. Highly skilled jobs that involve considerable risk pay the highest enlistment bonuses.

How long does it take to get military sign on bonus?

The initial payment of your Selective Re-enlistment Bonus (SRB) should take no longer than 30 days from the date of re-enlistment. If, after 30 days, you have not received your payment, you should contact your servicing finance officer, career planner, or admin or personnel office.

Which military branch has the best signing bonus?

Air Force Bonuses The highest-paid bonuses are for combat controller and pararescue jumper positions, which offer a $3,000 bonus for a four-year enlistment, or $17,000 for a six-year enlistment. Some positions only offer bonuses for a six-year enlistment.

Is the military getting a pay increase this year?

House and Senate lawmakers are currently finalizing plans for the fiscal 2022 defense authorization bill, which includes a 2.7 percent pay increase for all troops. The military has seen pay raises matching the rate of civilian sector boosts for the last five years.

How are military bonuses paid?

Bonuses are paid in Lump Sum, at the time of re-enlistment. Soldiers with broken service selective reenlistment bonus program will reenter on active duty in grades E-4 through E-6 depending upon qualifications and vacancies — in other words, “the needs of the Army”.