Career Planning and Salary

Considering your financial needs

Let's face it—a lot of us might choose not to work at all if we didn't need the money. Because we need jobs to provide a source of income, it's important to choose a career that can support our financial needs, especially as the global economy continues to recover after the 2008 recession.

Sometimes a salary figure—for example, $35,000 per year or $15 per hour—can sound like a lot of money. But without research and budget planning, you may find yourself pursuing a career that will ultimately leave you lacking.

Be sure to consider some of the following questions:

• What kind of salary will I need to support my current budget?
• What are my future financial goals, and what kind of salary will meet those needs?
• Am I willing to live on less in order to follow a career path I love?

 We'll talk more about exploring salaries in our Salary Basics module.

Gaining job skills

Some careers require a certain level of education, such as a bachelor's degree (B.S. or B.A.), while others require solid work experience or training/certification in a particular skill. Your current level of education will factor heavily into your career plan.

If you are pursing a new career path after working in one field, you may consider going back to school or enrolling in a class or certification program. It's important to remember, however, that going back to school does not guarantee employment after a program is complete, especially in our current economic climate. Going back to school is a substantial investment of both time and money, so weigh your options carefully before making a decision.

Whether you're hoping to switch careers or are looking for your first job, there are many other ways to gain experience and develop your skills without going back to school. You might pursue an opportunity to volunteer, build a relationship with a mentor, or use free e-learning courses.

We'll talk more about developing job skills in our Gain Job Skills module.