4 Things You Need to Know If You are Considering a Career Transition at 50 (Or Older)

We have to live with the choices that we make in life, and regret can sometimes be a bitter pill to swallow. So, it is important when we are making big decisions, that we make our decisions carefully. Our careers take a huge slice of our day and sometimes we can feel that our time could be better spent.Regardless of age, it isn’t uncommon to try out different industry courses that interest you and that may offer an alternative career path. However, certain considerations need to be made before we finally decide to take the plunge.

Below are some key things you need to review if you are considering a career transition at 50 or older

1. Finances

Let’s be honest, for most of us, the primary motivation for working, is money! Some get stuck in a role just because of the money they depend on to cover their daily living expenses. There is nothing wrong with that, and most of us are usually thankful for the work that is available to us, and how it has supported our lifestyle. But whenwe are talking about transitioning to another career, we are talking about making the move to something that will make us feel more accomplished, and more fulfilled, while still giving us the income we need. To avoid anything from getting in the way of that dream role, have you studied your finances lately? Go over the monthly expenses and see if you have enough emergency funds to cover the time you will need for that learning curve, while you are transitioning to a new job role.

2. Review what skills you have learned over the years and analyze it against the dream career skills needed

You are not starting from scratch, skill-wise. You have learned a thing or two from your previous job. Look at those skills and see their practical applications against the career you would like to transition to. Should you go for an interview in this new career role, this will help you answer questions on the motivation for the switch and how your previous skills can be used at the new workplace.

Career Transition at 50

3. Find a Mentor

We want to fully understand what we are getting into when considering a new role.Doing the job might actually be different from your expectations of the role. Finding a mentor in this field will help you understand the ‘WHAT, WHY and HOW’ of the role. Build your network on the field by joining groups and find that trustworthy mentor who can show you the ropes. Before taking that plunge, and understanding the role better will ensure your expectations are more level-headed and will minimize the transition impact.

4. Get Professional Help

There are career counselors who are waiting to help you and to make the career transition as smooth as possible. Career Counselors are trained to understand what the best career options could be for you. They also can discuss monetary expectations in the chosen field. We all started to work in our chosen fields for a reason, hence this discussion will add more clarity for your decision to now change that path.  They also will be required to assess your skills and interest. Armed with this knowledge, they can discuss the satisfaction level that you could expect from your chosen new career.

If this is something that has been on your mind for quite some time, perhaps it’s time to give it some real thought. Self-actualization is a true concept that should not be ignored. To be fulfilled, we need to live and be happy with the choices we make. Contact Mary Jo Rathgeb to help you on your journey to that new career transition at 50.

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4 Things You Need to Know If You are Considering a Career Transition at 50 (Or Older)