“Anyone who has never made a mistake has never tried anything new.” These words ring as true today as when Albert Einstein first said them.
When you’re just starting out in your career, you might be afraid of messing up. But as a relative newcomer to the workforce, you’re bound to make some errors.
Growing from your career mistakes — and using them to take your career in the right direction — is what counts. At least, that’s what several professionals learned from their post-college blunders.
Here’s what people had to say about their biggest mistakes at work, and how they bounced back.
1. I didn’t speak up during meetings
When you’re a junior addition to a company, it can be tough to speak up about your ideas — but taking part in the conversation is the only way to grow. Katie Derrick, now a content executive for It Works Media, learned this lesson firsthand.
“I was afraid to showcase my creative ideas, with the fear that my opinion would be undervalued or ignored,” said Derrick. “After advancing in my career, I recognized this was a big mistake because it was setting me up to fail.”
By staying quiet, Derrick also gave the impression she wasn’t engaged. “I learned that staying quiet and hiding in the background could actually be perceived as having a lack of interest in topics being discussed at work,” she said.
This realization gave Derrick the push she needed to jump into the conversation. Now, she encourages other new professionals to show confidence from day one. “When an idea springs to mind, throw it out there and discuss it,” said Derrick. “Any idea is better than no idea.”
2. I failed to negotiate my salary
Salary negotiation is one of the most challenging stages of getting a new job — but it’s also one of the most important. Failing to negotiate and taking a lower wage could cost you tens of thousands of dollars over the years.
Anna Segova, a communications manager at 2hats, said one of her biggest career mistakes was avoiding the salary discussion. “Getting my first job in the industry, I felt so lucky to even get paid that I was willing to work for whatever employer would pay me,” she said.
As a result, Segova wound up with an income far below industry standards. Luckily, she was able to fix the issue. “My boss gave me the pay rise that I needed after presenting a case to him,” said Segova. “God, it was terrifying, but it had to be done.”
Segova now understands the importance of salary negotiation, even if you’re an entry-level employee. “I have learned to always negotiate, especially when taking on a new role,” she said. “Salary negotiation when taking a first job could determine the financial future of a graduate.”
3. I stayed too long in a toxic work environment
If you work full-time, you spend almost one-third of your waking hours doing your job. It’s important to be in an environment that makes you happy. If your work environment is dysfunctional, it could seriously drain your well-being, not to mention stunt your professional growth.
As the owner of Black N Bianco, Lisa Chu now has the power to shape her work environment — but she didn’t have this freedom starting out.
“[My] environment was very cutthroat and a lot of the decisions were hampered by bureaucracy,” she said. “Influencing major change or improvements simply was not a possibility. Playing politics was the only way to survive.”
Chu tried to make the best of it, but in retrospect, she wishes she had left sooner. “I wasted years in that company doing nothing productive,” she said. “It hindered my ability to grow as a designer.”
She is now able to create better policies for her own employees, and she encourages new grads not to stay too long in a toxic work environment. “These type of dysfunctions will lead you down a very unhappy path for your career,” she added.
4. I didn’t realize how important it was to network
According to a recent survey by LinkedIn, 85 percent of people get their jobs through networking. Whatever your field, networking is an essential part of professional development. Even if you already have a job, networking with others in your industry can help you grow in your career.
“The biggest mistake that I have made in my career is a failure, early on, to realize the importance of networking,” said Stacy Harris, publisher and editor of Stacy’s Music Row Report. As a result, she missed out on important events.
Once she realized how important it was to connect with others in her industry, Harris joined organizations like Leadership Music. Plus, she’s now a volunteer coordinator for World of Bluegrass and a mentor in the International Bluegrass Music Association.
“I would advise new grads … [to] find like-minded people [and] enlarge your circle to include them,” said Harris. “Acknowledge those who have assisted you and never miss an opportunity to ‘pay it forward.’”
By connecting with peers and joining networking organizations, you’ll gain a deeper foothold in your industry. Once you’ve established yourself, you can help others who are just starting out.
5. I opted for job security over passion
When you’re fresh out of college, sometimes you have to settle for the job you can get. But be careful not to get stuck; you deserve a career you care about, even if you have to take some risks to get it.
Accountant and finance blogger at Cash Cow Couple Gabe Lumby took a job in a big accounting firm right out of college. “Each and every work day was completely miserable,” Lumby said. “Sundays were the worst because I would spend my whole day dreading the Monday morning alarm clock.”
Although people told Lumby to stick it out for two years, he knew he had to leave the job he hated. He took the first job he could get at a smaller firm and never looked back.
“I never had any desire to go the corporate route or stay in a large firm,” said Lumby. “Looking back, it would have been much smarter to start my career at a small firm so I could have learned the skills necessary to serve small business clients as well as how to run a small firm.”
Lumby learned how important it was to work in the right environment and enjoy your job. “I would encourage new grads to figure out the type of work they want before getting stuck in a job they hate,” said Lumby. “If they know the type of career they desire, they shouldn’t go another route because it is more prestigious [or has] better pay or benefits.”
Danielle Kunkle, vice president of Boomer Benefits, echoed this sentiment. “Money is great, but you’ve got to pursue something you love because that’s what you’ll be good at,” she said. “What’s more important is the feeling you get when you leave work every day after a job well done. That never goes away.”
As a new grad, you might need to prioritize job security over personal passion at first. But be careful about spending years in the wrong career path for the sake of a paycheck. If you’re interested in your work, you increase your chances of long-term success.
Career mistakes are bound to happen
Mistakes at work are inevitable, no matter what stage of life you’re in. By taking the time to reflect on those career mistakes, you can grow and learn as a professional.
And if you find yourself unhappy with your career choice, it’s never too late to shift direction. For more on making a career change, learn how to transfer skills from one job to another.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.81% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|