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Navy as a seaman second class on 2 June 1917. World War I interrupted his career in finance, however, and he enlisted in the U.S. Read & Company of New York (which became Dillon, Read & Company in 1923), as a bond salesman. The next year Forrestal joined an investment banking house, William A. He then worked briefly as a financial reporter, a clerk for a zinc company and as a tobacco salesman. During his time at both schools he also participated in boxing, tennis and wrestling. The following year he transferred to Princeton University in New Jersey, but left in 1915 a few credits short of his degree, apparently due to academic and financial difficulties. After graduating from high school in 1908, Forrestal worked for three years on local newspapers in New York State and then entered Dartmouth College as a freshman in 1911. His father, an Irish immigrant who arrived in the United States in 1857, managed a construction company.

James Vincent Forrestal was born on 15 February 1892, in Matteawan (now Beacon), New York.

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