Question
In another column about how to change careers, your advice seems to be valid for someone who is single, but not for someone who has a family to support. What about the salary? One cannot simply go from, say, a hedge fund manager to being a tour guide in a museum. The career switch has to compensate in the similar salary range, otherwise one would have to give up what they own and lose self-respect.
Nick’s Reply
I think career change has become more common, if not necessary, than it’s ever been. Look around: our economy is still in upheaval. But one thing that hasn’t changed is that moving from one career field to another usually exacts a cost in salary, at least for a while.
Change careers and lose salary?
If you can change careers without a loss in salary, I compliment you. But the reality is, the job hunter must be able to demonstrate that level of value to an employer. When hiring a career changer, an employer takes a significant risk.
My advice is to focus on how you will address the employer’s needs in order to justify and maintain your salary. Many career changers expect employers to compensate them at their old level simply because ‘that’s what I was paid before.” I can’t think of an employer that accepts that rationale. I think it’s crucial for a job changer to understand that value is relative to the job and the employer, and deal with it. That’s where my advice in that old column comes from — and my advice has not changed.
Why are you worth the same salary level?
The reality is, high-paying jobs (like hedge fund manager), require highly specific skills. Shifting from one high-paying job to another (I don’t think museum tour guide is going to do it!) requires a shift from one highly-specialized skill set to another. If a job hunter can accomplish that from the start, the new employer may pay for it. But I don’t think an employer is going to match a salary unless the candidate can demonstrate that they are worth it from day #1.
It almost doesn’t matter what you have done before. If you’re making a real career change, your experience and credentials may not matter enough to warrant the same salary level. (They stopped working for you, remember? That’s why you’re making the change.)
What matters is the work that needs to be done next. Few people have any idea, because they don’t look. They’re too busy reflecting on themselves and their skills — and on changing careers without a cost. They let their old, job-specific skills limit their new choices and their future.
To change careers, map your skills to the new work
Here’s my suggestion, which may draw some heat from “the experts.” Forget about your skills and the history on your resume. (That’s the wall you’ve slammed into, right?) When we think about our skills, we tend to think about the specific constellation of skills we have recently used. Now be honest: Do you expect the new employer to figure out how to apply your old skills to the new career? I can almost assure you, they won’t.
A new career will require a totally reorganized version of our skills and abilities. And you won’t know what that new constellation needs to look like until you know what work needs to be done.
As you decide what your next career should be, dig deeply into industries, businesses, products, and companies that excite you. Home in. What kinds of work does each business entail? How could you contribute? What tools would you need? What further study, education or training are required? Whom do you need to talk with? (What companies are worth such an investment?)
You may need to resign yourself to treating career change as an investment that requires an up-front “salary cost.” Of course, you must map out the long-term ROI. If you want to come anywhere near to the same salary you enjoyed in your last career, you can’t wait for (or expect!) a new employer to figure out how to map your old skills to the new job. You must figure that out and explain it to them.
More resources to change careers
For more on how to do this, please see How to launch a seemingly impossible career change and listen to this brief audio advice.
And here’s stellar insight for career switchers (more audio!) from my good friend Dr. Dawn Graham, former Director of Career Management for the MBA program for executives at The Wharton School. This may be some of the very best advice about career change you ever hear.
Have you tried changing careers? Did you pull it off or did you fail? What would you say are the parameters of successful career change? What are some of the common causes of failure? How can someone change careers and maintain their salary level?
: :




Just try networking when living in a career desert where you are judged by party affiliation, where you reside, and the “what can you do for me” mentality.
I’ve been a fan of your newsletter and website for years. I know that networking and making connections is the best way to find the right job. In a perfect world, I’d love to bypass the recruiting machine. Sometimes, though, I come across a job posting that I want to pursue. How do I increase my chances inside the machine?
The next day I gave my letter of resignation and two weeks’ notice. In my last week of work and three days to go, my new employer advised I had passed my background check and said they just needed my latest pay stub.
I wish you had shared an example or two of the communication problems, but I think we can approach this generally and still explore some ideas that everyone might benefit from.
At the end of my initial phone interview the guy I spoke with expressed concern that I might be over-qualified. I’ve got more experience and credentials than the typical fresh-faced college senior who might be going for this position. It’s an administrative position that would allow me to get a lot of exposure to the business. It would be a chance to work with some of the best people in the industry, so I really, really want it!
Finding the right job is about making new friends, because that’s where good jobs come from — other people. And to make new friends (and get the job you want ), you need to hang out with people that do the work you want to do, and you need to talk shop with them and share new experiences.
Sorry, but I don’t recommend specific headhunters. This article has been helpful to many people: 
We covered a 
The New York Times’ Peter Coy recently interviewed me for his excellent column,