Published Nov. 6, 2020
Midlife career change typically involves the desire to update your current career experience or simply retrain whenever you’re stuck in your current role.
Once you finally attain ages 40 and above, a couple of things can quickly befall your career: You may get that desire to try out that job you’ve constantly dreamed of? Or you may notice that you’re being nudged/forced into a fresh line of work by an employer.
Doing a midlife career shift can be fascinating yet scary. In fact, the average American changes jobs between 10-15 times in their lifetime. Millennials have been called the “job-hopping generation” for changing careers at a much faster pace than the average to achieve their career goals.
If you desire to start a new career or you’re seeking mid-life career change ideas, or the best mid life career changes, this article will definitely be a treat for you.
In this article, you’ll learn a couples of things including;
A midlife career change can be a moment to re-evaluate your work-life discretion, decide to chase your passion, or simply try something different.
Although it’s isn’t an easy decision, we have seen people successfully and happily go through it with mentorship help at MentorCruise.
Below are a few things to consider that may help you determine whether to pull the trigger and change careers at midlife or to hold unto what you’ve got.
You probably have once heard something like ‘it takes passion to thrive in a career’. The reality is that this is only partially true. In addition to passion, talent and hard work have a great role to play. Therefore, before you jump into a fresh career because you’re passionate about it, try to analyze your level of talent dispassionately.
Similarly, examine your eagerness and ability to work hard. Beginning a new career demands a lot of inputs/energy. Are you ready for that? Do you have such a level of energy? Just as critical, would you want to work that hard?
Many people ages 40- 50 + have a lot of things happening in their lives—hobbies, family, travel, just to list a few. You may have to sacrifice some of your quality time to do the hack obligation of establishing a new business or acquiring a new set of skills.
If you aspire to change careers and begin doing the kind of work you love, at the same time, still earning the same or even a higher average salary, well … you probably wouldn’t want to continue reading this article!
Normally, a midlife career change includes getting a pay cut and losing privileges. Can you go by that? Do you fancy a contract with the stress of sticking to a fixed budget for an unknown period?
As you grow older, health insurance becomes of greater concern than your average salary. Insurance is costly, and if you’re moving from an industry program to self-insurance, make sure you’re equipped. It’s no joke for sure!
Besides, if you have children/dependents, you’ll want to reflect on how a sudden change in finances could hit them. This is presumably the main consideration.
Would your finances set your residence, your kid’s college tuition, or your family’s healthcare coverage at risk?
Summarily, if you’ve to drill into your small savings, request a new debt, or barter non-liquid assets to finance your mid life career change, then you may be pursuing today’s dream into the future’s nightmare. Otherwise, you’re good to go!
You’ll need time to ramp up at a new career. But how much time will be enough? Even with a thoroughly mapped out business plan or assurance from the new boss, things can still have a twist. If the deal doesn’t work out as planned, will you be able to return to your original career path? If it’s a business you plan on starting, can you sell it if things don’t work out?
Yes! Indeed engaging in midlife career change is quite stressful. Yet, deciding to avoid a mid life career change several years later, with no plan, will even be more stressful.
As we grow older, the quality and significance of our job become more valuable. If truly, you’re stuck in your current job, this will massively weigh on you emotionally, mentally, and even physically.
But truth is, if you’re not in an ideal financial position to change careers, you will certainly be better off psychologically by gripping the financial hit and getting into the job you love. Endeavor to change only when must have found something you love, not when you’re enduring something you want to escape.
Most times, though, the desire to change careers is often directly linked with the “grass is greener” syndrome. Just don’t forget that every career has its negatives. You also might not want to get into an entry level position again.
You need to think creatively about your relevant experiences and job ideas to shorten the process of a mid career change. For example,
Some individuals may choose a more fulfilling career, one that prioritizes work life balance above income or status, whereas other people will fancy jobs that allow comfort and stability. Where do you fit?
Notwithstanding, the best mid life career changes that will uniquely suit you depends wholly on the type of skills you have. Typically, you can experience a smoother mid life career change when you can apply transferable skills (from your past or present career to the new one).
Additionally, the majority of the best second career ideas are further ideally suitable for individuals with preceding career experience. That said, having a degree in marketing or business management isn’t really necessary for non-specialist jobs.
Consulting a midlife career professional who can help you through this process will be the best way to guarantee that you choose the right career and you successfully go through the transition smoothly. You can find help with this here.
Have you ever wondered why your peers suddenly change their careers and earn exciting new jobs within a short period? The one thing they surely didn’t go for - was to listen to the naysayers.
If you’re stuck with your current career and desire to update or change your career experience or maybe just retrain, continue reading to find out how to go about it. This may require going back to graduate school, enroll for an online vocational course or, maybe just investigate the new company you desire to break into.
Are you confused on which one to go for? ways to calculate the cost or you’re afraid it might just end in a failure? Whatever the case, don’t border too much. MentorCruise got your back on this. The association comprises professionals in midlife career change who can transform your dreams or aspirations into an ideal reality.
Nonetheless, we listed an amazing 5-point plan for how to make a midlife career change when you’re stuck.
Once you get hold of the idea to change your career, you may want to be careful with financial responsibilities like house rents, support to the family, buying a car, etc. Feel free to dream big of a successful career, and assess your personal reasons for wanting to be one of those midlife career changers.
Reflect on what or how your ideal career looks like. Your ideal job title, daily responsibilities, and qualities that would characterize a great boss and or colleague. You may want to draw up a list and refer back to it from time to time as you consider gripping the new opportunities.
The next thing to do is understand the basics of your new career field so you wouldn’t be exposed to unhealthy surprises later. These include:
Look into digital certifications, advanced degrees, continuing education courses, online programs, or even graduate school to gain the necessary skills for your next career goal.
As career changers, a good plan is to ask someone within the industry that you want to get into about how it works.
At MentorCruise, you can ask someone in the field you want to enter for expert guidance on how to navigate it, or even some advice as a career coach on the very act of shifting careers. Then with them you can create a career road map that has a set of goals for you to achieve.
And of course, you shouldn’t also neglect the soft skills required. Assess your natural abilities, communication skills
Investigate the job postings for the perfect job in your career field, as well as a tier, two or three below that, if it demands that you work your way up. Think of ways by which you’ll adjust your abilities to the new job’s obligations.
Imagine that you are a professional matchmaker and do well to design a match between yourself and a possible employer. Point out and promote those traits that will make you the most desirable for the position. Understand how to put your best traits forward.
Give relatable instances. Effective verbal communication and unswerving integrity are two great skills with specific relevance to careers in finance.
Beyond that, it is often a cool idea to understand that every job involves associating with people. Therefore the people skills are always in search.
Typically, you will ideally match your skills with that required at your perfect job. Be sure to describe the skills you already have as well as put a plan in place to acquire the ones you do not possess.
Interestingly enough, the ever changing nature of several industries nowadays can actually work in your favor.
But, before you dive into any program, be sure to ask colleagues for recommendations, check out for reviews by previous students, and also, thoroughly read through the course descriptions. You may want to take online courses, continue with education courses, or enroll in career training programs.
Besides gaining the required skills, you’ll want to step out by ramping up a robust networking crusade. The greatest percentage of jobs never reach the open market in an online listing. The reason is that jobs become filled already before they can even go public.
Once you network, that is, reach out to employers and employees for your dream job, you improve your likelihood of learning about the job long before it ever hits the open market.
Smart networking basically means networking with a purpose. Hang out in relevant professional communities. Go on social media. Look at relevant LinkedIn profiles. Cold email potential companies you want to work for. Create meaningful connections in this new industry. Get out of your comfort zone.
Who knows, you might get accepted for part time work that can be later parlayed into a new career. Job hopping isn’t the solution, but you need to set your foot in the door.
To conclude, throughout your career transition or change, you’ll be working to efficiently prove that your skills are the perfect skills that your dream industry needs.
Make that change you’ve always desired now! If you are not taking any step now, the probability is that you will never make your goals happen. Whether you want to shift careers and become a computer programmer, a data scientist and so on, MentorCruise is there for your mid career mentorship needs.