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Thursday, August 25, 2022

Career Diversification

For some, diversification (of jobs/career) is a strategy for job security.

"... [A]nalysts' choice to diversify is rooted in concerns about future job security. We find that more diversified analysts are less likely to experience job turnover and leave the profession but are not more likely to advance their careers."

- Journal article IS DIVERSIFICATION A JOB SAFETY NET FOR SELL-SIDE ANALYSTS?, 2020, By Vadim S. Balashov and Zhanel B. DeVides
https://onlinelibrary.wiley.com/doi/abs/10.1111/jfir.12219

I also found an old (2014) article that touted diversification....

"In the age of diversification, you need to have multiple sources of income and the best way to accomplish that is by having an entrepreneurial mindset."

- Are You Ready For The Age Of Career Diversification?
By Dan Schawbel, Forbes
https://www.forbes.com/sites/danschawbel/2014/01/10/are-you-ready-for-the-age-of-career-diversification/?sh=a738d5754cab


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