« Presenting Your Research: Secrets of Effective Conference Calls | Main | Video: Major Changes in the Metals and Mining Industry »


Financial Professionals and the Mid-Life Career Change

Click to Print This Page


The average person will change careers four to six times in their life. It’s true: most of us dream of a career change from time to time. Research has shown that nearly 50% of adult professionals are not satisfied with their current job. So whether you are one of the dissatisfied financial professionals seeking your dream job, or you simply want to achieve a better work-life balance, if you have reached the point where you are at least considering a career change, there are several things to consider.


Because you have already achieved some success in your current industry, you are likely to experience some resistance and criticism from colleagues, friends and even your family. They may be uncomfortable with your plan to change. You shouldn’t be. If you feel like you cannot get any more pleasure out of your current position, or can’t motivate yourself as fully as you used to, or just have something you want to do instead, move forward.


While you can afford some hopscotching around when you are younger, later in your career you’ll want to be sure that you pick a career with a future. So take some time to explore: research, interview, work part time, volunteer, and get a real feel for the new career, so you do not regret the change. Salary and benefits are always a consideration, but you must be sure it is a career that will please you. Research has shown that people who work in a job that they enjoy are healthier and develop fewer stress-related illnesses.


Making the move could be a financial challenge. Your income is likely to take a hit, so take a close look at what you can earn making the switch, and what your financial obligations are. Consider them both seriously. Of course, the more you have socked away, the better positioned you are for a swap. Twelve months’ salary in the bank is a good start.


In preparation for your change, begin networking with people in your new sector or industry. Especially with social media so prevalent today, you should easily find someone with whom you can build a rapport, showcase your talent and personality, and begin to promote yourself in the field you are pursuing. And never underestimate the power of the informational interview.

Changing careers should not be an excuse to “get a few things off your chest” with the management, or colleagues at the place you currently work. It’s a small world and every action has its equal and opposite reaction. Don’t invite ill will. Instead, take the high road, forgive past rivalries and conflicts. Make everyone you worked with sorry you’re going—or at least willing to work with you again.


Considering a career change doesn’t mean you have to do it. But taking the time to consider all the elements will put you in a better position if, and when, the time comes to jump into that new career. It might be a year or two or more, but no matter—you can enjoy the process of acquiring the perfect career.

–Robert Namar

Related Posts Plugin for WordPress, Blogger...


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.


NYSSA Job Center Search Results

To sign up for the jobs feed, click here.


NYSSA Market Forecast™: Investing In Turbulent Times
January 7, 2016

Join NYSSA to enjoy free member events and other benefits. You don't need to be a CFA charterholder to join!


CFA® Level I 4-Day Boot Camp

Thursday November 12, 2015
Instructor: O. Nathan Ronen, CFA

CFA® Level II Weekly Review - Session A Monday

Monday January 11, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level III Weekly Review - Session A Wednesday

Wednesday January 13, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level III Weekly Review - Session B Thursday
Thursday January 21, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level II Weekly Review - Session B Tuesday
Thursday January 26, 2016
Instructor: O. Nathan Ronen, CFA