Everyone wants a cool job, right? Chances are good that there's a career out there that you've had your eye on for a while.
Many of us were once driven by a passion for a specific job, but the state of the economy has forced some of us to choose between pursuing that legendary dream job and choosing a path in a growing industry that offers a potentially higher paycheck.
Before you opt for the bigger paycheck in hopes of financial security (putting that dream gig behind you), here are some things to consider.
Market volatility in a growing industry
A growing industry can be attractive and they offer a lot of potential, along with great pay with the right position. The downside is that every new industry can be volatile while it works out the kinks. A great example is the Dot Com bust in the early 2000's. Despite our reliance on web properties today, the entire industry took a big hit in those early years and layoffs were widespread as businesses folded. Consider that same possibility as every new industry finds its footholds.
New Industry growth issues
With growing industries there's a lot of trial and error as businesses work through growth and change to meet needs and demands. There's a sharp learning curve for everyone involved. Onuses of those errors don’t typically fall on the process, and someone has to be held responsible. Depending on your position and the view of the company you work for, those errors in growth could land on you and cost you your new job.
Do you know what you're getting yourself into?
Getting an offer for a new job in a growing industry can be enticing, especially if the employer accentuates the positives during the recruitment process. With new industry it's easy to form idyllic notions about what you'll be walking into. But does the idea of big pay, awesome environments, overly appreciative bosses and personally rewarding projects dovetail with the reality of how the business world really works? Is your decision based on fear?
When the opportunity poses itself to finally land your dream job, are you bypassing it because you're afraid; afraid of failing at your dream job; afraid of growing to hate something you're passionate about, afraid of failure? Take the time to understand your motivation for the choice you want to make. What's the real reason you feel like passing on your dream job?
Consider what you're getting back
The work you do shouldn't just be about a paycheck. When weighing the choice between pursuing a dream job or a high paying job in a growing industry, think about which offers more growth and advancement on a personal and professional level.
When it comes time to make the choice, do it for the right reasons. Focusing on money in a growing industry might offer some financial security but at what cost? Consider what you want long term because it's a gamble; you might make more money but you could sacrifice your happiness doing it.
Prepare for the Jobs of the Future
FirstJob works with college graduates and workers who want to make the right career choice that offers the perfect work/life balance. Invest in your future and visit the FirstJob blog for expert career advice and tips to help you find that ideal job.