Second Act Success: Navigating a Career Shift After 50
Making a career shift after 50 can be daunting, but not impossible. Many people have successfully made the transition to a new career later in life. If you're thinking about making a career change, it's important to understand that doing so after 50 is different than when you're younger.
Financial concerns. Making a career shift can be expensive. If you need steady income immediately because you've lost your job, and your career shift focus is on landing another full time job, you may need to compromise and take an intermediate position at lower compensation (while continuing to upskill and seek the right opportunity). IF you are transitioning to freelance work, it will take time to get gigs, so you will need some financial cushion to see you through. Finally, if you are starting your own business, you may need initial capital investment.
Relevant (or limited) experience. If you're making a career change, but still seeking full time work with an employer, you may not have the same level of experience as someone who has been working in the new field already. If you are starting your own business, you will likely be competing with other established businesses similar to the one you are trying to start. In either scenario, there will be a learning curve and you may need to re-tool or upskill.
Tips for Navigating a Career Shift After 50
Do your research. Talk to people in your field, read online articles, and attend industry events. The more you know, the better equipped you'll be to make a sound decision.
Assess your skills and interests. What are you good at? What do you enjoy doing? What are you passionate about? This will help you narrow your options.
Don't be afraid to take risks. Making a career change can be risky, but it's also an opportunity to start fresh and pursue your dreams. You're more likely to succeed if you're willing to take risks.
Be patient. It takes time to make a successful career change. Don't expect to find your answer overnight. Be patient and persistent.
Network with people in your (desired) field. Attend industry events, join online forums, and reach out to people you know who are working in the field you're interested in, or who have businesses similar to whatever you may hope to start. Don't be afraid to ask for help.
Volunteer or intern. This is a great way to learn new skills, explore other career opportunities, and build your resume. It can also help you make connections and build your network.
Take online courses or workshops. As you add new skills and certifications to your resume, you will demonstrate intellectual curiosity and a desire to stay ahead of the curve (not to mention, continuing to have “relevant” skills).
Don't give up. It's important to stay positive and keep moving forward as you transition to a new career path. Be persistent and willing to work hard.
Don't be afraid to start over. Making a career shift may feel like starting over, but it's important to remember that you have the skills and experience that you've gained over the years which will be valuable in your new career.
Don't be afraid to ask for help. Talk to your friends, family, and mentors. They can offer support and guidance.
Believe in yourself. If you believe that you can do it, you're halfway there.
Conclusion
Although potentially daunting, making a career shift after 50 is definitely possible. We did it.
ALEX: After more than 30 years working in management consulting and healthcare information technology senior leadership, Alex transitioned to executive and career coaching and mentoring and is co-founder of Riff on Jobs.
KIM: After 27 years in management consulting, and healthcare information technology senior leadership, Kim transitioned to becoming a digital media expert, pilates instructor, and co-founder of Riff on Jobs.
If we can do it, so can you!