Is it too late to pursue a career in economics at 36?

Often, the common belief is that pursuing a new career path after a certain age is too daunting. However, the unique opportunity to embark on a new professional journey is not limited by age. At 36, it is entirely feasible to transition into the field of economics, as numerous individuals successfully change careers later in life. Here are some points to consider:

Educational Opportunities

There are various educational pathways available, such as online courses, master's programs, or even self-study. These options can help you gain the necessary knowledge and skills in economics. Online courses and flexible learning platforms make it convenient to study at your own pace and on your own schedule. Master's programs can provide a structured learning environment, while self-study keeps you in control of your learning process. Each option has its advantages, and the choice should be based on your personal preferences and goals.

Transferable Skills

Even if you have experience in another field, you may have valuable skills like analytical thinking, data analysis, and problem-solving, which are highly valued in economics. Many of the skills required for a career in economics can be directly or indirectly related to your previous experience. Utilizing and showcasing these transferable skills can make you a more attractive candidate in the field.

Networking

Building a professional network in the economics field can open up numerous opportunities. Attend conferences, join relevant organizations, and connect with professionals on platforms like LinkedIn. Networking can provide invaluable insights, advice, and potential job opportunities. Engaging in networking activities can also help you refine your career goals and stay informed about industry trends.

Practical Experience

To gain practical experience, look for internships, volunteer opportunities, or entry-level positions in the economics field. These experiences can help you build your resume and demonstrate your commitment to the profession. Entry-level roles often provide the opportunity to learn from experienced professionals and gain hands-on experience, which is crucial for a successful transition into a new career.

Lifelong Learning

The field of economics is always evolving, and staying up-to-date with the latest trends and developments is essential. Your age can be an advantage as you may bring a different perspective and maturity to your studies and work. Embracing lifelong learning can help you stay competitive in the field and continue to grow professionally.

Conclusion

Ultimately, if you are passionate about economics, your age should not be a barrier. Many people find great success and fulfillment in pursuing new career paths later in life. Additionally, taking the opportunity to switch careers sooner rather than later is often better. It is important to consider the amount of time required for re-education and retraining, and how it fits into the remaining working years.

While it may take 3-5 years to get re-educated and retrained, each year quickly becomes less a year in your working life. For instance, if it takes 6 years to retrain and get into the career space, you will be in your early 40s, which is typically considered a senior age for mid-level or senior positions. Employers expect individuals to offer 15-20 years of working life for the company, and at 40, you would have about 20 years left. This timeframe may seem limiting, but the decision to pursue a new career should be based on your passion and goals, not just age.

So, if you have a good opportunity, don't waste it, regardless of your age. Some people in my town are even taking internet courses in their 70s! Remember, coming late in a career change is better than never. The future is all yours if you stop being trapped in the past and seize the opportunity to pursue your dreams. Embrace the challenge and embark on a new professional journey in economics today.