Mobile App
Open Account
Online Banking
Cash Management
Cash Management (Soft Token Required) ACH Originators and Merchant Capture Deposits
Single Post Featured Image

December 7, 2022

What to Consider Before Switching Careers

Ask yourself these questions when contemplating a career change.

Is it time for you to make a career change? Although it is becoming increasingly common for people to undergo a shift in their career path, make sure you take some time to review this decision before acting on it. Reach out to others for guidance, take time for yourself during the process, and keep the following questions in mind before taking immediate action.

Why change your career?

The very first thing anyone should do when considering a career change is to ask, “why am I considering this change?” Making a list of reasons for why you are wanting to leave your current job can be a good place to start. Identifying what you need can provide insight for your next career step, so you are making your choice based on predetermined reasons.

Is this switch affordable and attainable?

It’s important to consider the long-term effects that a career change may have on you (and your family) financially. For example, if you’re considering switching to a career that you’ll need additional education for, make sure to consider how much schooling will cost and how long it will take you. If you’re hoping to completely change industries, be prepared to start at a lower entry level position. It can be easy to get carried away with thoughts about the “new.” Take time to research and calculate the cost and necessary requirements before transitioning into another role. For budgeting and other financial tools, look to Citizens First Bank for help.

What are the benefits and challenges?

Of course, every career comes with positives and negatives. When thinking about a career switch, consider creating a pros and cons list about the new career that you are interested in. Not only will making this list help you visually see if there are more benefits than challenges (and vice versa), but it will also help you identify concrete reasoning as to why you’re seriously considering a change.

What can you do to learn more beforehand?

Before you fully commit to switching careers, make sure to do your research. Attend conferences to better understand a career you’re looking into, or take introductory classes for needed skills. The online Occupational Outlook Handbook is a helpful resource to learn what to expect in terms of salary and workload from a new career. Consider reaching out to family and friends in your life that have potential connections or experiences that can help guide you.

For more budgeting and financial resources, visit your local Citizens First Bank online or in person. Our experienced team can help find the right financial plan for you. Feel free to stop in, give us a call or visit our website today.