Here’s What to Consider in Changing Your Career at 40

By Moon Harper

Dec 27, 2023 04:02 AM EST

We always hear people say that life starts at 40. When reaching forties, many start to think about career satisfaction, which leads to the common question: Is it possible to change careers at 40?

Making a career change can be challenging in your forties as you already have two decades of work experience and responsibilities, which can be hard to leave behind. However, those experiences and responsibilities showcase a robust skill set that calls for a growth mindset and a commitment to evolving goals.

Career Change Landscape

Switching careers at 40 or beyond is quite common. In Indeed's 2019 Career Change Report, 49% of employees had already made a significant career shift, and another 65% considered doing so. In a survey by the American Institute for Economic Research, 82% of respondents aged 47-55 underwent a significant career change, with the majority occurring after 45. And in 2023, Monster reports that 96% of workers are seeking new positions, and many may transition to a different career.

Colonel Sanders started KFC at 62, and Sam Walton opened the first Walmart at 44, showing that it's never too late for a career change; you can do it too.

The Challenge of Career Change at 40

Career change in your forties may seem daunting as you have likely settled into your current job, perhaps climbing the career ladder by this time. Here are some of the challenges one may encounter in changing careers at this career stage:

Skill and Education Gap

After years in a specific career, your skills and education may be tailored to that field. Transitioning to a new job at 40 may require acquiring new skills or further education, posing a time, effort, and potential financial investment challenge.

Financial Considerations

Changing careers often involves uncertainties, such as potential pay cuts or starting at an entry-level position. With heavier financial responsibilities at 40, the prospect of economic instability can be a significant challenge.

Age Bias in the Job Market

Some employers may exhibit bias towards younger candidates, perceiving them as having more significant long-term potential, and can present a challenge for individuals changing careers in their forties.

How to Make a Career Change at 40

If you're contemplating to change your career at 40, consider the following essential steps:

Self-Assessment

Reflect on abilities, passions, values, and interests before making decisions. To help you find possible career paths that match your interests and strengths, consider the aspects of your previous and current roles that you find fulfilling.

Research and Explore

After you understand your preferences better, look into fields, positions, and careers that fit your newly developed understanding by going to workshops, informational interviews, and networking events.

Skill Development and Training

Upskilling facilitates your transition and demonstrates your preparedness for the new position. Determine where your present skill is lacking, then make the time to get the education or training you need by taking classes, working toward certifications, or volunteering to obtain real-life experience.