Remembered mostly as El Grande Milovan, the nickname he earned for his excellent saves in the game that Yugoslavia won against Brasil in the First World Cup in Uruguay 1930 FIFA World Cup.

Being of medium stature, but very strong physically, Jakšić's main characteristics were his bravure and excellent reflexes.

Jakšić played a total of nine matches for the Yugoslavia national football team.

After the World War II, in March 1945,Jakšić was also the President of the Football Coaching Federation of Yugoslavia, from 1950 until the winter of 1953, when he died unexpectedly of a heart-attack during the football tournament in Cairo, Egypt, where he accompanied Red Star Belgrade.

This biographical article related to a Serbian association football goalkeeper is a stub.