For college students, the journey toward finding a fulfilling career can feel exciting, daunting, and sometimes downright hopeless. With numerous possibilities and variables, it's essential for students to approach this process with intentionality. Ultimately, I want students to find the sweet spot or intersection of their abilities, interests, and compensation. In this post, I'll explore strategies to help you guide your struggling college kiddo to align these key factors and effectively navigate their career path. I've created this model from life satisfaction, financial success, and career development research combined with my experience advising students for more than two decades.

Understanding their strengths and areas for growth is fundamental to identifying career opportunities that align with their abilities. Here are some steps to assess those abilities:

Self-reflection: Take time to reflect on academic strengths, skills developed through extracurricular activities, and feedback from professors, mentors, or previous employers.

Skills assessment tools: Use online assessment tools or career services offered by the college to identify strengths, interests, and potential career paths based on their abilities.

Internships and experiential learning: Participate in internships, co-op programs, or volunteer opportunities to gain hands-on experience and further assess their abilities in real-world settings.

Exploring interests is essential for finding a career that brings you fulfillment and satisfaction. Consider the following strategies to identify their interests:

Reflect on hobbies and activities: Think about activities or subjects enjoyed outside of academic coursework. Hobbies and interests can provide valuable insights into potential career paths. Not everything we love to do is a realistic career path, but those things could provide good information about what motivates us when life is challenging.

Conduct informational interviews: Reach out to professionals in fields that interest them and conduct informational interviews to learn more about their career paths, daily responsibilities, and the skills required for success.

Take elective courses: Explore elective courses in different disciplines to broaden their knowledge and discover new interests that may influence their career decisions.

While compensation is an essential consideration in career planning, it's essential to strike a balance between financial goals and personal fulfillment. I define compensation more broadly and include not only financial, health care, and 401k but also things like flexibility, opportunities, and freedom or autonomy. Getting paid a lot is great, but there are other forms of compensation important to acknowledge. Here's how to effectively evaluate compensation:

Research salary trends: Use online resources and salary comparison tools to research salary trends and average compensation for roles in their desired field and geographic location.

Consider long-term growth opportunities: Encourage them to peek around the corner—what does the industry or sector look like not immediately after graduation, but 5 years after graduation? Evaluate not only the starting salary but also the potential for career advancement, professional development opportunities, and benefits offered by prospective employers.

Assess financial, travel, and psychological needs: Take into account financial obligations, such as student loans, living expenses, and long-term financial goals, when evaluating compensation packages. Also consider how much time they mentally need to be around family, take time off, and maybe just have opportunities for a healthy lifestyle.

Once they've assessed their abilities, identified interests, and evaluated compensation considerations, it's time to find positions that provide that sweet spot of intersection. Here's how to do so effectively:

Prioritize values: Consider personal values, career aspirations, and lifestyle preferences when evaluating potential career opportunities. Choose a career path that aligns with values and long-term goals. They can always make more money, but time is the only non-replenishable resource (again, look at the research on what people regret at the end of their lives—no one says they wished they worked more or made more money).

Seek mentorship and guidance: Engage with mentors, career counselors, or professionals in the desired field for guidance and advice. Their insights and experiences can help them make informed decisions about your career path.

Stay open to opportunities: When students are unsure what to do, I encourage them to either (a) flip a coin (seriously—there's research on this) or (b) make a decision right now that leads to more options later on. Encourage them to also remain flexible and open-minded as they explore different career paths. Be willing to adapt and pivot based on new experiences, insights, and opportunities that arise along the way.

Finding a career that clicks with their abilities, interests, and compensation goals is a journey that requires self-reflection, exploration, and strategic planning. By assessing their strengths, identifying their passions, and evaluating compensation considerations, they can navigate the mercurial career path with confidence and clarity. Add in some patience and they'll be well prepared and in the best frame of mind. Lastly, remind them to prioritize alignment with values and long-term goals as they embark on the journey. Shortcuts lead to long disappointment and regret.

QOSHE - Ability, Interest, and Compensation: How to Choose a Career - Rob Danzman
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Ability, Interest, and Compensation: How to Choose a Career

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28.03.2024

For college students, the journey toward finding a fulfilling career can feel exciting, daunting, and sometimes downright hopeless. With numerous possibilities and variables, it's essential for students to approach this process with intentionality. Ultimately, I want students to find the sweet spot or intersection of their abilities, interests, and compensation. In this post, I'll explore strategies to help you guide your struggling college kiddo to align these key factors and effectively navigate their career path. I've created this model from life satisfaction, financial success, and career development research combined with my experience advising students for more than two decades.

Understanding their strengths and areas for growth is fundamental to identifying career opportunities that align with their abilities. Here are some steps to assess those abilities:

Self-reflection: Take time to reflect on academic strengths, skills developed through extracurricular activities, and feedback from professors, mentors, or previous employers.

Skills assessment tools: Use online assessment tools or career services offered by the college to identify strengths, interests, and potential career paths based on their abilities.

Internships and experiential learning: Participate in internships, co-op programs, or volunteer opportunities to gain hands-on experience and........

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