NerdWallet: Thinking of a career change? Take these steps to ease the transition.

by | Jul 26, 2023 | Stock Market

This article is reprinted by permission from NerdWallet.  When you think about changing careers, what comes to mind? A movie montage of quitting your job and finally opening your dream restaurant, or perhaps a childhood vision of you pretending to be an astronaut or rock star?

The economic situation today is challenging, but changing careers is hard even in the best of times. For some, the journey starts with a big step like quitting their job. For others, it can be a series of little steps leading down a new path. Also see: 9 tips for older job hunters that can help you stand out in the crowd Low pay, a lack of opportunities for advancement, and feeling disrespected at work were the top reasons Americans quit their jobs in 2021, the year of the “great resignation,” according to a Pew Research Center survey released last year. Of those who quit, more than half said they changed their field of work or occupation. Whether you’re switching industries or exploring a passion you’ve always had, here are some practical tips from career coaches to make your transition easier.1. Assess your situation Changing careers looks different if you’re in between jobs versus employed. When you’re living paycheck to paycheck, the idea can feel out of reach, but there are ways to get there. If you’ve just been laid off, “give yourself time to decompress” before making any big decisions, says Carlota Zee, who runs her own eponymous career coaching firm in New York City. You may have to take on a new job fast to stay afloat, but take some time to acknowledge your feelings about losing the old one, she says. Plus: These fully remote jobs pay over $100,000 a year — but there are a couple of caveats2. Ask yourself two questions The first one is obvious: Why do you want to change careers now? As you consider your answer, write down what matters to you. “Think about what you want to experience, the type of environments you thrive in, what you want your career to feel like, and consider how you measure success,” Octavia Goredema, host of the Audible Original series “How to Change Careers,” said in an email. The second question is how hard you’re willing to work for a change, says Dana The …

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