Career Transitions Presentation 9.11.200

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1 Career Transitions Preparing and Executing a Successful Career Change Mark Higgins (CAS ’96)CEO & Co-FounderCareer Next Step, Inc.mhiggins@careernextstep.comwww.careernextstep.com Bridget BowersDirector, Alumni Career ServicesGeorgetown University bab56@georgetown.edu Presentation for Georgetown University Alumni

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2 My Background Personal Bio Career Next Step in Brief May 1996 Graduated Georgetown with a degree in English and Psychology and no clue what I wanted to do. Sep 1996 – Mar 2000 Joined a research and consulting firm without giving much thought as to why. Met my absolutely wonderful future wife, but left the company bored and uninspired. Apr 2000 – Aug 2003 Got married and joined a Internet start-up in Northern VA. Despite our best efforts to sink the company, we somehow survived the dotcom implosion. Left the company bored again following an acquisition by large corporation. Sep 2003 – May 2005 Attended UVA’s Darden School of Business with goal of starting my own company. Left as Co-Founder of Career Next Step, Inc. May 2005 – Today Built Career Next Step while working full-time to pay the bills and raising my first child. Absolutely love with what I do—FINALLY!!! Online assessments, tools, and tutorials to help individuals navigate a successful career transition Series of assessments Exercises to synthesize assessment results into key attributes of your personality Tools to compare your profile with different career options Tools and best practices to assist you with the job search process

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3 A Silent Majority Many (if not the majority of) individuals are dissatisfied with their careers… Selected Quotes on Job Satisfaction Trends “Three-quarters of IT staff hate their jobs so much that they go to work wishing they had a different one, according to a new survey.” “U.S. Job Satisfaction Keeps Falling, The Conference Board Reports Today…More than 50% of Americans Dislike their Job.” “65% of employees plan on looking for a new job in the next 3 months.” “Fully one-third of workers feel that they are at a dead-end at their current jobs, and even more (42%) believe they are "trying to cope with feelings of burnout." Sources: Conference Board (2005), Salary.com (2005); Harris Interactive (2005); Bureau of Labor and Statistics (2006). …And are more likely than ever to pursue a career change. 10.7 4.1 3.5 2.9 2.4 2.1 Average Job Changes within Age Ranges Total(18-40) 18-21 22-25 26-30 31-35 36-40

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4 Getting Prepared for a Career Transition Recommendation #1: Set Aside Time Recommendation #2: Know Yourself Recommendation #3: Leverage Your Network

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5 Career Transitions are a Process Not a Decision Self-Reflection and Clarification of Interests Research Careers Generate Opportunities Transitioning 2-4 weeks 1-3 Months 1-3 Months 1-3 Months Time Activities Self Assessment Career counseling Discussion with family & friends Online research Career Counseling Informational interviewing Networking Resume submissions Screening interviews Final round interviews Company research Transitioning projects from current job Relocation Training Recommendation #1: Set Aside Time People should plan to spend at least 3-4 months on a career transition… Stages of a Career Transitions Tools Career Next Step Career Transition Books (e.g., The Pathfinder, What Color is Your Parachute) Vault Wetfeet Occupational Outlook Handbook Networking!!! Executive recruiters Job boards

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6 Getting Prepared for a Career Transition Recommendation #1: Set Aside Time Recommendation #2: Know Yourself Recommendation #3: Leverage Your Network

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7 The Common Denominator of Career Success While definitions of success vary, “doing what you love” is what most definitions share in common “You have to love what you do and you should never, ever give up. But, if you don't love it, then you will give up easier…you have to love what you do.” - Donald Trump “I honestly think it is better to be a failure at something you love than to be a success at something you hate.” - George Burns “Success is going from failure to failure without a loss of enthusiasm.” - Winston Churchill What is success? I think it is a mixture of having a flair for the thing that you are doing; knowing that it is not enough, that you have got to have hard work and a certain sense of purpose. - Margaret Thatcher “Success in almost any field depends more on energy and drive than it does on intelligence. This explains why we have so many stupid leaders.” - Sloan Wilson “A person is a success if they get up in the morning and gets to bed at night and in between does what he wants to do.” - Bob Dylan "The secret of happiness is not in doing what one likes, but in liking what one does." - James M. Barrie “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking.” - Steve Jobs “You might not make it to the top, but if you are doing what you love, there is much more happiness there than being rich or famous.” - Tony Hawk “The secret of success is making your vocation your vacation.” - Mark Twain “A happy life is one which is in accord with its own nature.” - Senaca “Do your work with your whole heart and you will succeed; There's so little competition." - Elbert Hubbard Recommendation #2: Know Yourself

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8 An Unlikely Success? Jimmy Buffett’s Life’s Story in 400 Words or Less I broke out of the grip of Catholicism and made it through adolescence without killing myself in a car. I flunked out of college. I learned to play the guitar, lived on the beach, lived in the French Quarter, finally got laid, and didn't go to Vietnam. I got back into school, started a band, got a job on Bourbon Street, graduated from college, flunked my draft physical, broke up my band, and went out on the road solo. I signed a record deal, got married, moved to Nashville, had my guitars stolen, bought a Mercedes, worked at Billboard magazine, put out my first album, went broke, met Jerry Jeff Walker, wrecked the Mercedes, got divorced, and moved to Key West. I sang and worked on a fishing boat, went totally crazy, did a lot of dope, met the right girl, made another record, had a hit, bought a boat, and sailed away to the Caribbean. I started another band, worked the road, had my second and last hit, bought a house in Aspen, started spending summers in New England, got married, broke my leg three times in one year, had a baby girl, made more records, bought a bigger boat, and sailed away to St. Bart’s. I got separated from the right girl, sold the boat, sold the house in Aspen, moved back to Key West, worked the road, and made more records. I rented an apartment in Paris, went to Brazil for Carnival, learned to fly, went into therapy, quit doing dope, bought my first seaplane, flew all over the Caribbean, almost got a second divorce, moved to Malibu for more therapy, and got back with the right girl. I worked the road, moved back to Nashville, took off in an F-14 from an aircraft carrier, bought a summer home on Long Island, had another baby girl. I found the perfect seaplane and moved back to Florida. Cameron Marley joined me in the house of women. I built a home on Long Island, crashed the perfect seaplane in Nantucket, lived through it thanks to Navy training, tried to slow down a little, woke up one morning and I was looking at fifty, trying to figure out what comes next. Observations Followed his passion Successful by most conventional measures Enjoyed the ride!!!

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9 Defining Your Profile Key Issues to Address What type of activities energize me? Drain me? What types of people energize me? Drain me? Where do I prefer to live? What unique skills do I have? What skills would I like to develop? Do I prefer working with people or things? What values am I unwilling to compromise in my career? How do I process information? Make decisions? What is my leadership style? What type of life balance do I need with family and friends? What are my financial/material requirements? Finding the Answers Complete Career Assessments Take Some Time to Reflect Get Input from Family and Friends

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10 Getting Prepared for a Career Transition Recommendation #1: Set Aside Time Recommendation #2: Know Yourself Recommendation #3: Leverage Your Network

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11 Recommendation #3: Leverage Your Network Don’t Underestimate the Power of the Georgetown Network Career Planning Discounted assessments (e.g., Career Next Step) Volunteer career advisors (e.g., Career Network) Free monthly teleclasses Career Search Free access to subscription search sites (e.g., Career Search & Career Tools) Alumni job postings Online career search guides Other Networks Graduate school alumni associations Trade and professional associations Family and friends Social networks online (e.g., Linkedin)

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12 How Can We Help?

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13 Self Assessment and Career Transition Planning Georgetown University Career Transitions WorkshopNovember 10-11, 2007 Career Next Step Site * Georgetown Discount: $90 for 12-months access to Career Next Step https://www.careernextstep.com/CNSPaypal/NewGeorgetownAccount.aspx 2-day workshop to help alumni navigate through a career transition Taught by creators of “Career Transitions,” a workshop offered to University of Virginia alumni for more than 10 years Assessments, tools, and reading materials based on methodology used at Harvard Business School and the University of Virginia for the past 30 years. Website replicates the “Career Transitions” course More affordable alternative to Career Transitions Used at more than 170 schools

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14 Contact Information Career Next Step, Inc.5542 11th Street, N.Arlington, VA 22205703-286-5558mhiggins@careernextstep.com