Last week, we posed the question if you are truly happy in your current career or not. And if not, how you can perhaps make that career more enjoyable, find something on the side, or to just keep your options open entirely. We continue this week by examining some choices if you are thinking of switching up careers.
From this week's edition on Jonathan Pond's Ponderings:
Last week, the first installment raised some important issues for would-be career changers. Here are some suggestions if you’re considering a career change:
Conduct online research to find possible careers that interest you. Read as much as you can about those fields and the demand for jobs in those areas. Determine what additional training you might need. Today it’s a lot easier to get the education necessary make move into many careers because you can enroll in accredited online universities.
Consider doing some part time or volunteer work to get your feet wet and make personal contacts in your potential new profession.
Weigh the pros and cons of entering a completely new career from scratch vs. going into a career where many of your skills and experience are transferable. The former is a much higher risk undertaking than the latter.
Determine whether you can learn some new skills at your existing job. Perhaps you’ve been working in corporate accounting, but want to become a human resources professional. Visit the human resources department at work to get your foot in the door. Simultaneously, you might take night or weekend courses to get some training in counseling and human resource management.
Finally, consider the financial ramifications of a career change. If you do indeed change careers, how will your finances be affected? Here are some questions to consider:
What will additional education or training cost?
Will you need to leave your current job in order to obtain the education and training necessary to embark on your new career? If so, will you have enough money to tide you over or will you need to take out loans?
What is the employment outlook in your new occupation? Will jobs be easy to come by? Is the occupation likely to be threatened by technology, artificial intelligence, and/or robotics? One study has estimated that almost 50% of U.S. jobs will disappear within the next 20 years.
How will the expected income in your new career compare with the income you’re now earning? If you’re certain it’s more, that’s wonderful. If it will be less, that’s okay so long as you factor that in to your future spending.
Hopefully you found this brief series useful, and that ultimately you'll find something that will make you happy. As they say, life's too short!