istock_000005168521xsmall1.jpgContributed by Caroline Ceniza-Levine of SixFigureStart

As my last 15 years of experience has been specialized (contract negotiations, mortgage loans, and asset and mortgage backed securities), how do you successfully convey that your past experience and skills set is transferable to a new industry, such as health care?

How to translate the details is the crux of the career changer’s mission. You have worked in an area with a specific set of protocols and a unique language, and you now need to position this in a way that someone else accustomed to a different set of protocols and a different language will understand. Your ability to do this determines if you will be able to change careers and at what salary and title.

Start with the basic word translation. We all have seen the funny ways big companies get into trouble when they market outside their home country and get the ad slogan translated wrong. So we realize that translating is more than just getting the right words. However, it’s a good start, so go line by line in your resume and cover letter and networking pitch and pull out any words or phrases that specifically reference your initial area, and replace them with words or phrases that reference the new area or are at least generic. So in the above example, mortgage loans become transactions.

Capture the essence, not the protocols. You can’t wordsmith everything of course, and you don’t want to omit that you securitized financial products if that was a big part of your job. But many would-be career changers drown their new prospects in very technical descriptions of their work environments and responsibilities, instead of highlighting what they achieved and what they did functionally in a way that the new prospect can appreciate. I am currently coaching a reporter transitioning to PR. She needs to highlight her media experience generally, not reporting specifically because PR people relate to media not reporting. She needs to talk about researching, developing and promoting stories and profiles because that is the essence of what she did, even if her colleagues would say she is covering beats.

Actively make the leap. Don’t make the prospective employer have to translate at all. After you tell them about your work with mortgages, give a specific example of what you could do in a hospital or insurance setting. Use their language, their protocols as you detail what you might bring to the table. You will change before their eyes from a mortgage person to a healthcare person. You will seem like their peer, and they will then be comfortable and excited to hire you. When you don’t make the effort to translate the details for the new sector you are targeting, you are effectively asking prospective employers to take you on your word. If all they see in your resume and pitch and dialogue is wedded to your old career, you are not giving them any tangible proof that you have changed. Think of the old boyfriend with past behavior that you no longer want who says, “Trust me, I can change.” Would you take him? Would you hire you?

Caroline Ceniza-Levine is co-founder of SixFigureStart (www.sixfigurestart.com), a career coaching firm comprised exclusively of former Fortune 500 recruiters. Prior to launching SixFigureStart, Caroline recruited for Accenture, Booz Allen, Citigroup, Disney, Time Inc, and others. Email me at caroline@sixfigurestart.com and ask how you can attend a free SixFigureStart group coaching teleclass.

You are invited to WAM-NY’s ongoing Voices from the Field series and High Water Women Foundation’s preview of its Master Class in Microfinance™ series, with this panel discussion about what banking looks like from the perspective of 4 MFI CEOs. Come join us for a global panel of women microfinance CEOs and Managing Directors as they discuss what it is like to successfully manage, lead, and start up an MFI, and the challenges they and their organizations face in these demanding times.

Register on-line at: https://www.nycharities.org/event/event.asp?CE_ID=3843.


Registration:
NYC Bar Member Price : $40.00 Register
Non City Bar Member Price : $50.00 Register
Time and again, women attorneys express the need for greater opportunities to network with other women and to develop and earn recognition for their leadership skills. Join us for cocktails, during which we will introduce you to other women lawyers through an informal networking event designed to both expand your professional network and develop your leadership skills.

Sponsored by:
Committee on Women in the Profession, Subcommittee on Leadership Development Registration is necessary. Please register online

Please join 100 Women in Hedge Funds as our panelists’ diverse expertise will provide sage advice for key aspects of career search in the hedge fund industry. They will help you learn how to find your own path by taking stock in yourself.

Plan your next steps, whatever the stage of your career – neophyte, in transition or career changer. Hear how these experts open doors to opportunity as they discuss:-How to make outplacement work for you.
-How professional coaching and practical guidance can help you move to the next stage in your career.

-How to make your resume stand out.

-How to market your qualifications and increase your value.

 

Register here

Please join 100 Women in Hedge Funds for informal drinks, the first evening of the Paris EuroHedge conference, in a lovely French Gallerie.

fallingmoney.JPGby Liz O’Donnell (Boston)

Today is Equal Pay Day. The day, always a Tuesday in April, represents how much longer a woman must work, on average, to earn as much as a man earned the previous year. And even though President Obama signed the Lilly Ledbetter Fair Pay Act in January, the work is not done. The Ledbetter Act reversed a Supreme Court ruling from 2007 so that women can file discrimination claims 180 days from their last discriminatory paycheck, not 180 days from their employer’s initial decision to pay them less. But women still earn, on average, only .78 cents for every dollar a man earns.

As we have previoiusly reported, there is more legislation pending designed to help fight the wage gap. The Paycheck Fairness Act is pending in the Senate. This legislation will, among other things, deter wage discrimination by prohibiting retaliation against workers who inquire about employers’ wage practices or disclose their own wages.

But can legislation really help close the wage gap? After all, The Equal Pay Act of 1963 made wage discrimination on the basis of sex illegal 46 years ago. And yet pay discrimination still occurs at alarming rates.

Read more

The Chicago Booth School of Business has invited CWN members to a lunch time session with Eugene Fama, who is credited as the father of the efficient market hypothesis, and Daniel Hertzberg, International Editor of the Wall Street Journal.To register please go to www.eventbrite.com/event/312268002.Venue information: dress code is Business; nearest tube is Bank; telephone number is 020 7070 2245.

For information about our innovative and unique program to facilitate attorneys’ return to the legal marketplace, please come to our upcoming Open House. New Directions graduates will be attending to describe their experiences. You provide the questions – we provide food, beverages and answers!

Session 2, 2009: July 13, 2009 – December 18, 2009 in New York City

Please RSVP to agewirtz@law.pace.edu by April 21, 2009

Held in Paris every spring, the EuroHedge Summit is a major hedge fund event which attracts the industry’s elite from around the globe. This year, at a time of unprecedented turmoil and stress across the entire financial industry, we will be discussing the many challenges, opportunities and structural changes facing hedge funds under the overall theme of ‘Strategies for a Changed World’. We are expecting another big turn-out for what will be a crucial forum for debating and discussing the major changes sweeping the industry. • Experience a unique networking and educational opportunity with hedge fund professionals from all over the world
• Learn from a line-up of speakers you simply will not find at another hedge fund event
• Focus on the industry as a whole, as well as individual strategy areas
• Mingle with the best and biggest hedge fund firms in Europe, as well as U.S. and international firms active in Europe
• Debate informally with senior level hedge fund managers and investors on key industry issues
• Endure no pre-prepared presentations, set-piece speeches or marketing pitches
• Enjoy an up-to-date programme put together by our informed and experienced editorial staff
• Discuss the most topical issues to you and your industry
• Combine networking and education with 2 enjoyable days in the heart of Paris in the springtime!

Register here

iStock_000003208024XSmall[1]_1.jpgBy Paige Churchman (New York City)

Eliza Byington was unhappy at her job. There was no camaraderie. People didn’t work together, they barely spoke to one another. Then one of her colleagues was out sick for a long while, and the change in atmosphere was dramatic. Byington and her coworkers became a team — people started helping each other, went out for drinks together; they even played classical music in the office. Life was good. Work was productive. But when the person returned, things went right back to the way they’d been. How could one guy make such a difference? He wasn’t the boss, and, granted, he mocked people, but he wasn’t mean. He wasn’t even the kind of person you’d secretly wish would disappear so life would be easier.

“I guess it’s true,” said Byington, “A bad apple really does spoil the barrel.” She and her husband were students of organizational behavior at the University of Washington Business School, so they combed the academic research to substantiate the old saw. But all the research actually supported the opposite: Individuals conform to group dynamics. At Byington’s job, the group seemed to be conforming to one person. Was this an anomaly or would the same thing happen with other people? Could they show what was behind it? Her husband was Will Felps, and he made it his PhD thesis. How, When, and Why Bad Apples Spoil the Barrel was published in 2006, with Byington as co-author, and has had a bit of play since being featured on a December This American Life episode called “Ruining It for the Rest of Us.”

Read more