HOW TO DECIDE IF A CAREER CHANGE IS RIGHT FOR YOU
Changing careers is a significant step, especially for men and women who are firmly established in their fields. A career change can be just as rewarding and life-changing as losing weight or quitting smoking, and there are some things professionals might want to consider before resolving to change careers.
CHANGING CAREERS VERSUS SWITCHING JOBS
Changing careers and switching jobs are not the same thing; some people may want the former, while others may only be in need of the latter. A full-fledged career change may require returning to school and a willingness to start from the bottom. A job change typically allows professionals to stay in their fields and move on to another position, whether it’s with their existing employer or with another company.
CAREER TRAJECTORY
The direction of a person’s career may also influence whether or not he or she wants to make a career change. Established professionals mulling a career change should consider their willingness to start anew. Many midcareer professionals have worked for years to establish themselves in their fields and within their companies. Switching careers does not mean that experience and reputation are not valuable, but neither attribute may carry as much weight in a different line of work — and that can affect career trajectory and future earnings.
EFFECTS ON OTHERS
Established professionals must also consider the effect that a career change may have on their families. Married midcareer professionals should discuss with their spouse the possibility of changing careers, and even their children, if the kids are old enough to understand. Discuss the pros and cons of changing careers, as well as the impact that making such a change may have on your family’s daily life. Will the family have to move? Will the family lifestyle change dramatically, if at all? Spouses and children may feel better about the change knowing they were involved in the decision, and talking things through with family may help working professionals determine if changing careers is the best decision for them.
LONG-TERM GOALS
Long-term goals are another thing to consider before making a career change. This is especially true for mid- or latecareer professionals who may already have made significant progress toward achieving their long-term goals. Discuss long-term goals with your spouse or significant other and how changing careers might affect those goals. Longterm goals can change, and while the ability to realize those goals might not weigh heavily in your decision regarding a career change, understanding how such a change might affect your retirement or other late-life plans can only help you make the most informed decision possible.
Many people resolve to change careers, but such a decision requires the careful consideration of a host of factors.