What must a midlife career changer generally accept regarding their initial compensation when transitioning into a new field that demands significant upfront retraining?
Answer
Initial compensation might be lower than a previous peak salary
A crucial element of the mindset shift required for a successful career change, particularly later in one's working life, involves managing financial expectations during the retraining phase. The text notes that career changers must embrace the reality of being a beginner again, which often means accepting that initial compensation in the new role may temporarily be lower than what they earned at their peak in their prior, established career. This adjustment in expectation is often a primary concern for those making significant shifts midlife, requiring them to prioritize long-term career alignment over immediate salary maintenance.
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