What age is too old for a change in career, 30, 35, 40, 45??? You must think that the longer you leave it, the greater the risk of being recruited for the desired position and becoming a success. Every recruiter will be looking at their applicant CV’s to make sure that they are the right fit for the role. Experience is crucial, if you are wanting to go in at a high level, but what if you started at the bottom, would there be enough time to move up the ladder? With people living longer and the retirement age estimated to be at 70 by 2050, surely that will be the case. In this blog, we look at a variety of different people who have changed careers and become success stories.
30’s – Peter Thiel (Founder of PayPal)
After graduating from Stanford Law in 1992, Peter Thiel applied for roles at the Supreme Court, only not to be hired. This lead to Thiel being offered a post as a Judicial Clark, he then left to live in New York where he became a Secretaries lawyer. Less than twelve months had past when Thiel decided that a career in law wasn’t for him. A career change was made and he started working as a derivatives trader in currency with Credit Suisse. Three years later, in 1996, he moved back to California. It was at this time that Thiel noticed that the development of the internet and the dot-com boom was well on its way. Setting up his first business Confinity, he saw a gap in the market for software to make online payments in 1999, the year of his 31st birthday Paypal was born. Having only been live for three years, Thiel sold Paypal to Ebay in 2002 for $1.5 million.
40’s – Dietrich Mateschitz (Co-Founder of Red Bull)
It took Dietrich Mateschitz ten years to graduate with a marketing degree at Vienna University. Mateschitz first job was with Unilever where he would be marketing detergents. He then moved to Blendax, a German cosmetics company, which has since been bought by Procter & Gamble, where he worked on the marketing of Blendax toothpaste. It was during this period when he was on his travels for Blendax that he discovered Krating Daeng, the drink that would in future years become Red Bull. In 1984, he founded Red Bull GmbH with his Thai business partners Chaleo and his eldest son Chalerm Yoovidhya, with the launch in Austria in 1987 at the age of 43. This turned Red Bull in to one of the World’s leading energy drinks to date.
50’s – Ray Kroc (The first McDonalds Franchisee)
In 1955 at the age of 53, Milk Shake – Mixer salesman, Ray Kroc was so impressed by brothers Richard and Maurice McDonald’s restaurant in California when they bought eight of his multi mixers, that he decided to become their first franchisee. It wasn’t long before Kroc had opened the first of many restaurants. In 1961 he bought the company for $2.7 million—enough to pay each brother $1 million after taxes, plus an annual royalty of 1.9%. Now that he had overall control of the business, Kroc could expand at a rate that he wanted. This created the McDonalds that as of 2016 has 36,899 restaurants worldwide. Not bad considering Ray Kroc didn’t make the career change until his 50’s.
If you are feeling that a change in career is the right thing for you, please use the examples in this blog as an inspiration of how to succeed. You should always run with a gut feeling, as your heart will always rule your head in to making the correct decision. Remember that age is just a number. If you are feeling that the role that you are currently in is not the one you see yourself in for the next 10/15 years, then now is time to make the change. You’ll kick yourself for not doing it sooner.
Are you looking for a career change? If so, please visit https://octo.blueoctopus.co.uk/candidates/ and set up for email alerts, as that next chapter may well just be around the corner.