What to do rest of my life

<p>Now that I have sent D1 off to college, with much help from CC, I have 5 years until D2 goes. One of the interesting things I heard at orientation was that people will have anywhere from 5 to 6 careers in a lifetime. Actually, some speakers had started out in the medical field and were doing something totally different. I made me start thinking about my future. With all the current fanatical corporate downsizing and outsourcing plus the fact that I am getting older, I have been worrying about layoffs and being able to get another job. I am 47 years old, female. I see this as my window of opportunity to figure something else out.</p>

<p>I currently work in the insurance field as fire and catastrophe underwriter at an international level. I fell upon this job unexpectedly. Previous to this, I work in Treasury for a large international consumer goods company and prior to that in Corporate Finance at an International bank. When I got laid off in 2001, I was already a little bit tired of the corporate world with the constant restructuring and explored teaching but required obtaining a Masters in Education. I have a BS in Business Administration. Then, a headhunter persuaded me to go to an interview at my current company. The job itself was to help the Head of Underwriting establish a new department in the U.S and help establish reporting systems, guidelines, etc. I found the job interesting and did this for 4 years. Then, I became bored as there were no new projects, so they offered me the current position, a promotion. </p>

<p>The current work itself is interesting. I have learned so much but can sometimes become routine. It is a male dominated industry. Often dealing with clients with international attitudes toward women. It does not help that I am in the older category. They often like to work with women under 30 or other males that they can go have beers with and talk “business”. Part of the job involves travel to different countries, a lot of dinners, cocktails, parties, etc. I find this part of the job can be exhausting. I am not a people person. While I do enjoy these type of things with friends. It is hard to do with people I would not be friendly with on a personal basis. Out of curiosity, I interviewed with a smaller company to do only U.S. business but it did not provide a good alternative. I also interviewed at an University, but I felt they found me a little too “corporate”. I wore a business suit and they were very laid back in jeans and sweaters. I assured them this is what I was looking for but I don’t think they believed me. At the end, they called me and told me that although they liked me, they picked someone with experience in the field.</p>

<p>I have done a little research and talked to some people who have gone to the medical field. It seems there is less age discrimination there and they seem happier about the work that they do. I am considering this but have no idea what I would want to do. I briefly thought about speech therapy or radiology but again would involve extensive schooling. What kind of jobs would make good use of my experience/skills?</p>

<p>I am good at the following general skills: organizing, planning, analyzing, researching, reporting, helping people feel at ease.</p>

<p>Specific skills: All current MS software- > excel, word, etc. I learn everything very quickly.
Biliingual: Spanish/English. Because of my international experience, I have learned the idiosycrencies of many different cultures. European and Latin American.</p>

<p>Because we don’t qualify for financial aid, we are paying full boat for the D1s education. So our funds will be tight for the next 4 years and then D2 will go. So, any training involved would require small monetary commitment. </p>

<p>I would love to hear any career change suggestions for someone like me. If you have successfully done this, it would help me to know where to start.</p>

<p>Sorry for the long post but thank you for any input you can provide.</p>

<p>My first thought is that at 47 you are not “old”! :slight_smile: Seriously, I don’t think that is too old to consider a change.</p>

<p>So are you saying it is important to have a job that is at your current rate of pay? That too, might make a difference in what you could “exchange” it for.</p>

<p>The first thing I thought of when I read your general skills was grant writing. Non-profits, health care, industry, education - many of them need grant writers (especially these days) to look for funds to boost their programming, etc.</p>

<p>Thank you Abasket. I don’t feel old. As a matter of fact, now that the kids are grown, they need less of of my day to day time. I find I have more energy and can do more at work. Unfortunately, at work, it is another reality. </p>

<p>My 52 year old friend at another company recently got laid off because her new boss did not find any “chemistry” with her. This woman is an amazing Executive Assistant who could make anything happen at a moment’s notice. I often call her for advice when I need something impossible. Another friend, 47, cannot find work after two years. She has extensive IT and public relations experience and she is a networking guru. However, she is often told “overqualified”. </p>

<p>Ideally, it would be great to get the same pay. I have those college bills to pay! lol! However, I would like to start training now, so in the event of a future layoff, I will already have some training in my pocket to assist in a transition.</p>

<p>Grantwriter is interesting. See, I didn’t even know this existed. I will do some research on this. Thank you!</p>

<p>How about moving into other areas of risk management. Banks surely can use help at this, but I’d bet universities can as well. What about other areas of insurance?</p>

<p>I’m not sure where your skill sets lie, but a number of hedge funds and funds of hedge funds have dedicated risk management people (though the risks are financial and not physical). In the sales side of the hedge fund industry, there is clearly a preference for hiring attractive 30 year old women who’ve worked in investment banks but I think there is a healthy appetite for competence and not looks on the risk management side.</p>

<p>“Grantwriter is interesting. See, I didn’t even know this existed. I will do some research on this. Thank you!”</p>

<p>To get your foot into this door, you need to have a “portfolio” of funded grants written by you OR you have to have some connections within the appropriate agencies.</p>

<p>Have you considered working in the development office of a private college or high school?
It seems to be your experience would transfer to this very nicely. You have high level corporate experience which has put you in contact with people people in high income brackets, so you are comfortable with people of means, and you can make other people feel comfortable. You obviously know the value of education and would be able to convey the importance of contributions from
families, and your own life experience and maturity would be an asset when asking others for money. Organization, planning, analyzing, all are important in this job. Your age would be a plus in this environment- people prefer maturity when it comes to talking about money, and there’s probably more gender equality in the academic setting than the corporate one. You said you didn’t have any luck before with the one school you applied with, but that doesn’t mean they would all find you too corporate- especially if you made an effort to dress down a tiny bit. Perhaps wear a nice sweater set instead of a tailored jacket, and flat shoes. ;)</p>

<p>And I agree- 47 is not old. You’re in the prime of life.</p>

<p>20 years until social security- if it still exists then. Plenty of time for another career. There always seems to be a need for translators in medical fields, you may be able to take some class/training for terminology and find pleasure doing this.</p>

<p>Thank you for your interesting suggestions. It gives me some material to start working with. It is interesting that many of the suggestions involve universities and development.</p>

<p>The job market is very tough. In my area, the mantra is “any job is a good job.” The one field where demand is strong is medical. </p>

<p>Your computer skills and corporate experience might be useful in the pharmaceutical field. Marketing? </p>

<p>If you’re interested in patient-centered care, volunteer at a hospital as a translator and see how the environment suits you. You might find patient care to be very, very rewarding. The jobs of the future will be as “physician extenders” – advanced practice RNs, physical therapists, etc. You will need retraining in this area, of course, but there are a number of fast-track programs out there. If you stopped working and went back to school, you might find your FAFSA to be quite different. Your family would have two in college!</p>

<p>Good luck.</p>

<p>I am in a similar boat, so I called to make an appointment with a career counselor at a nearby university of which I am an alum. My appointment is later this week, and I hope they can help me with some ideas about what this mid 40’s woman wants to be when she grows up…! Do you have any colleges nearby? Check out their career counseling services.</p>

<p>As a matter of fact, I am not that faraway from my college. Great idea!</p>

<p>I am in the same boat with the added benefit of having a 10-yr hiatus from working. I have an MBA + 10 yrs post MBA experience (before the break). I’ve been passively (hotjobs, monster) looking for work and applying for 3 yrs without any luck. I have found post-MBA certificate programs that would help to update my creds but that would be an investment of $12-15K. I also went to a seminar program by iRelaunch (they have a book and website for more info) which talks to my (took time off for family) demographic. At this point, I am less thinking about what I want to be when I grow up and more about “how can I get a job to pay for $50K a yr in college???”</p>

<p>It is an interesting topic and others have great suggestions for OP. I think the OP is in a great position to find an alternative career that meets her needs although in today’s job market it may take some time. The time exploring new careers can be very interesting and fruitful especially when you have a job and can avoid the panicked feeling. I look back at my job hunting stints and realize how much I learned about different industries during the informational interviews. Once you have a job, there aren’t so many opportunities to learn what others do. The age thing is annoying but I try not to focus on it and keep a positive, optimistic attitude. </p>

<p>amandakayak I also went to an irelaunch seminar - I have a job hiatus as well. I liked the seminar but I found their book (I think it is called Back on the Career Track) even more helpful and empowering. The book was instrumental in helping me find consulting work in my former field. It is okay for now, but I would like to work more than I am now and hopefully transition to a full time job. Perhaps we should start a thread for relaunchers or onrampers as I think we are called!</p>

<p>I’d like a thread on on-ramping… (wasn’t too keen on shelling out more $$ for their iRelaunch “circles”) Right now, my IT husband is trying to convince me to go into IT project mgt. I’m going to take a few courses at the local community college to get my feet wet and see if I can build some confidence back. That is the key, optimism and confidence! Either this works out or I am going to start a business as a college search counselor! I’m getting more versed in that kind of project!</p>

<p>Lia_b - from your skills, maybe looking into project mgt. <a href=“http://www.pmi.org%5B/url%5D”>www.pmi.org</a> is the organization that offers credentials from a combo of on-the-job project mgt and coursework. I am being told that being able to work liaison between technical-heavy intls and the business people is a key skill along with being organized, detail oriented.</p>

<p>I would also suggest back office roles in insurance/reinsurance. If the socializing with brokers/clients is the unappealing part, why not consider catastrophe modelling? I am an actuary (also 47, but retired, sort of), and many of the actuarial recruiters are looking for cat modellers? You do not have to be an actuary to do that work, and your underwriting experience would be pretty valuable. Additional education might just be the stats that underlie the cat. models, but to be honest, I haven’t researched it.</p>