Career exploration: when should you settle?
What the research says about how much to explore in your career
Suppose you’ve researched different career paths, and now need to make a choice:
- ‘Settle’: commit to the path that seems best now.
- Explore: try other paths with the hope of finding something even better.
What should you do?
Steve Jobs liked to say you should “never settle,” but there’s a real balance to be struck between exploring and committing.
Many hope to be able to find and commit to their career calling right away, but this is rarely possible because it’s so hard to predict where you’re going to succeed in the long term.
Rather, you should approach your career like a scientist doing experiments. This means you should be prepared to test out several paths, if possible.
While everyone would ideally do some career exploration, the interesting question is how much you should plan to explore, and how best to balance the costs of exploring with its upsides.
There’s been plenty of research in decision science, computer science, and psychology that can help us answer this question. In this article, we combine these findings with what we’ve learned from advising people one-on-one, and summarise some of the bottom lines.
We’ll argue that if you want a career that’s not only satisfying but has a significant positive impact — our focus at 80,000 Hours — then the value of exploration is even higher.
Table of Contents
- 1 Career exploration in a nutshell
- 2 The information value of exploration
- 3 Which jobs should you take to explore?
- 4 Career exploration strategies
- 5 Be more willing to quit
- 6 How much should you explore at different stages in your career?
- 7 Conclusion: exploring step-by-step towards your best career
- 8 Further reading about career exploration
Career exploration in a nutshell
- In addition to building career capital and having an impact, trying a job gives you ‘information value’ about which paths will be best for you in the long term.
- The paths with the highest information value are the ones that might be a lot better than your current best guess, but that you’re very unsure about and can learn about relatively quickly.
- One strategy is to choose the path that would be highest-impact if it goes unusually well (in an ‘upside scenario’), stick with it if it works out, and try something else if it doesn’t. (Though make sure you’re OK with this degree of risk and have a backup plan.)
- Another strategy is to plan to try out several paths, which could include ‘wildcards’ outside your experience, minimising the costs by carefully ordering your options. This strategy is most attractive right at the start of your career and for perhaps 2–8 years in total.
- In general, it’s most important to explore early in your career, since you have more uncertainty at this stage and more time to benefit from what you learn, and the costs of trying different jobs and careers are lower.
- Be more open to quitting: people tend to stick in their current path too long even when it’s not working out.
The information value of exploration
The typical 25- to 34-year-old changes jobs every three years, and changes are not uncommon later in life too.1 Many successful people have tried several paths before finding one that worked out — Tony Blair even worked as a rock promoter before going into politics.
Many people don’t have the luxury of exploring different paths, but if you do, taking that time can easily be worth it. For instance, if exploring meant you could find a career path that’s twice as good as your current best guess, it would theoretically be worth spending up to half of your career searching for that path.
We’ve argued that some career paths open to you will do 10 or 100 times as much to help the world as others, and so even if you spent 10 years searching for a path like this, it would be worth it — in your remaining 30 years of work, you’d achieve as much as would have taken 300 in your previous path. It’s often possible to find paths that are more enjoyable or give you better skills too.
We can analyse the value of exploration by using a concept from decision science — ‘information value‘.
The information value of trying a job is what you learn about which longer-term paths are best. The value depends on the chance that you discover a path that’s better than your current best guess, weighted by how much better that new path is (based on whatever you value).
When comparing jobs you might take during your job search, you care about both:
- The immediate impact of and satisfaction you gain from the job
- How well it sets you up to find better opportunities in the future
We can now see that the latter consists not only of the career capital you gain from the job (such as transferable skills, professional network, and reputation), but also the information value it gives you. We could say:
Contribution to long-term impact of job = immediate impact + career capital + information value
The best job for you is the one that delivers the most value across all three factors, plus the personal satisfaction you gain from it.
A job could be a ‘failure’ in the sense that you didn’t have any impact, or hated it and quit. But if you’re able to eliminate a long-term path as a result of this experience, that can still be valuable — you’ve just saved yourself years of wasted effort.
To sum up: each job you take is also an experiment to help you learn about what’s best for you in the long term.
Which jobs should you take to explore?
The paths that are best to try out (i.e. have the most information value) are those that:
- Might be a lot better than your current best guess: if a path isn’t much better than your current best guess, then even if your test goes well, you haven’t gained much.
- You’re uncertain about: if you already know it’s better, then you should just take it now.
- Could let you reduce your uncertainty relatively easily: if trying the path wouldn’t tell you much about your fit, then there’s also not much to be gained from testing it — better just to take your best guess now.
Can you think of a career path that meets all three of these conditions? If so, there’s a pretty good case for trying it out.
We often advise people who feel very uncertain about which paths are best for them, but are tempted to try out a corporate job, like accounting or consulting. While this might make sense because of the helpful career capital, it often doesn’t have much information value — these people usually don’t expect that the corporate path is their best long-term path, and they’re normally pretty certain about that.
Tradeoffs of career exploration
The temptation to do the corporate job, however, does illustrate a real tradeoff: your best job for information value might not be the best for career capital, impact, or satisfaction.
Trying out a different career path not only takes years, but the costs can be even higher than they first seem.
Some competitive careers have an ‘elevator’ structure, where if you get off the standard track, it’s hard to re-enter — and even if you can re-enter, it’s hard to make it to the top. This can make it higher-risk to try out alternative paths early on, since by leaving you might miss your chance of outsized success.
Academia is the most common example of this among our readers. Going from a PhD to a postdoc, and then into a permanent academic position, is very competitive, and it’s unlikely you’ll succeed if you don’t focus the vast majority of your effort on research. This makes it hard to re-enter academia if you try something else after your PhD.2
Exploring also delays your impact, which could be a significant cost if you think there are especially urgent opportunities to do good right now that won’t be around in the future. For example, if you’re trying to shape fast-moving technologies, that will be harder to influence as time goes on.
But we’ve also argued above that the potential gains to exploration are very large too, especially if you want to have an impact. Going from ‘very good’ to ‘excellent’ might only increase your own wellbeing a little bit, but it could mean having 10 times as much impact.
So, both the benefits and costs of exploration can be large. What strategy should you take to balance these?
Career exploration strategies
This question has been studied in computer science, as part of research into topics like the ‘explore-exploit tradeoff‘ and ‘optimal stopping’ (of which the ‘secretary problem‘ is one example). We discuss what we might learn from this research in-depth in our interview with Brian Christian, author of Algorithms to Live By: The Computer Science of Human Decisions.
The lesson we take from this research is that there are two exploration strategies that make sense practically. The first we call the upside option strategy, and is usually our first recommendation. The second involves trying out several paths early career, and then picking your best guess after that.
1. Pursue ‘upside options’: a rational reason to aim high
As we saw above, information value is higher the better an option might be, and the more uncertain you are about it. This favours taking long shots — paths that might be outstanding if they go well, but have a good chance of not working out.
Here’s a concrete process for doing that:
- Rank the longer-term paths open to you in terms of upside — how much impact you would have in them if you performed unusually well compared to your best guess? (To be more precise, you could imagine how each path would look in the top 10% of scenarios.) We call the career options that seem best in these ‘upside scenarios’ your ‘upside paths.’
- Try out one of your most promising upside paths.
- If you find it’s going well, then continue.
- If you’re not on track to hit the upside scenario, switch into the next-best upside path.
This strategy is similar to the ‘upper confidence’ algorithm we discussed with Brian.
It’s attractive because there’s an asymmetry: in the good case, you’ve found an amazing new career path, which you can continue with for many years; if it doesn’t work out, you can switch to something else relatively quickly. The costs of spending a few months or even years trying out a path are often low relative to the huge benefits if it turns out well.
Taking this strategy is also attractive because if you’re trying an elevator career, you can stick with it until you’ve decided you’re not likely to have outsized success, which is often where most of the impact would come from. (There are also several other reasons we think it’s good to aim high.)
However, there’s an important caveat to keep in mind: the asymmetry argument only works if the downsides of exploration are capped:
- First, you have to make sure that you’re in a sufficiently robust position — personally, professionally, and financially — that an experiment not working out won’t do you considerable long-term harm. That means making sure you have a backup plan and remain able to switch into something else if it doesn’t work out. We discuss how to do this in our career planning process.
- Second, if you’re focused on impact, then in certain areas — ‘fragile fields’ — it’s easy to make things much worse than you found them. If you’re doing something high-stakes in one of these fields, it’s important to modify your plan to reduce the chance of setting back the field before pursuing upsides. We cover this in our article on accidental harm.
Finally, note that what counts as an ‘upside scenario’ should depend on how much you want to prioritise exploration, which depends on how much you prioritise impact and how early you are in your career. For instance, if you’re right at the start of your career, you might want to aim at what’s best based on the top 5% of scenarios; if none work out after a while, then reduce that to the top 20% of scenarios — and eventually focus on the most likely scenarios.
2. Plan to try out several paths through careful ordering
The second career exploration strategy is to plan to try out several paths, and then decide later which is best. If you order your options carefully, it’s often possible to try several paths with minimal costs, then decide later which is best.
This strategy is similar to solutions to the ‘secretary problem‘ in computer science. The standard set up of the secretary problem seems to overstate how much you should explore, but spending 5–20% of the total length of your career with exploration as a top priority seems reasonable for people focused on impact, and that would be 2–8 years.3
One common pattern is to do a gap year before college, then try several internships while at college, then do something more unusual and risky for 1–2 years after graduating. If the unusual option goes well, you can continue, and otherwise you could try going to graduate school, which ‘resets’ you onto a more standard path. For instance, you could try an unusual startup or nonprofit project for a few years, and then do a PhD and continue with academia, or go to law school and continue into policy, and so on.
Later in your career, if you’re genuinely unsure between two options, you might want to try the more ‘reversible’ one first. For instance, it’s easier to move from business to nonprofits than vice versa.
While examples of people who specialised early, like Tiger Woods, are often salient, it doesn’t seem necessary to specialise that early, and it’s probably not even the norm. In the book Range: Why Generalists Triumph in a Specialized World, David Epstein argues that most people try several paths, and that athletes who try several sports before settling on one tend to be more successful — holding up Roger Federer as a foil to Tiger Woods.
Another recent paper in Nature found that ‘hot streaks’ among creatives and scientists tended to follow periods of exploring several areas. This is just a single paper, but at least suggests exploring several paths can be a good strategy in some cases.
Compared to the ‘upside options’ strategy, this strategy keeps you from committing to anything for years, so has significant costs. If you can identify an upside path now, trying it right away is usually better.
Planning to try out several paths is most attractive when you’re very uncertain, when you won’t risk compromising your future in an ‘elevator’ career, and when you’re early in your career (when the costs of exploration are lowest).
Jess – a case study in trying several paths
“80,000 Hours has nothing short of revolutionised the way I think about my career.”
When Jess graduated with a degree in maths and philosophy in 2012, she was interested in academia and leaned towards studying philosophy of mind, but was concerned that it would have little impact.
So the year after she graduated, she spent several months working in finance. She didn’t think she’d enjoy it, and she turned out to be right, so she felt confident eliminating that option. She also spent several months trying different types of work — working in nonprofits and reading about different research areas.
Most importantly, she spoke to loads of people, especially in the areas of academia she was most interested in. This eventually led to her being offered to study a PhD in psychology, with a focus on how to improve decision-making by policymakers.
During her PhD, she did an internship at a leading evidence-based policy think tank, and started writing about psychology for an online newspaper. This meant that she was exploring the ‘public intellectual’ side of being an academic, and the option of going into policy.
At the end of her PhD, she can either continue in academia, or switch into policy or writing. She could also probably go back to finance or the nonprofit sector. Most importantly, she’ll have a far better idea of which career options are best for her.
Consider including a wildcard
One drawback of both of the strategies above as written is that your best path might well be something you haven’t even thought of yet.
This could suggest exploring and testing out options outside your normal experience, to give yourself the chance of uncovering something totally different. That might mean living in a very different culture, participating in different communities, or trying different sectors from the ones you already know (e.g. nonprofits, government, corporate).
For instance, I (Benjamin) went to learn Chinese in China before I went to university. I didn’t have any specific ideas about how it would be useful, but I felt I learned a lot from the experience, and it turned out to be useful when I later worked with Brian Tse to create our resources for people working on Sino-Western coordination around emerging technologies.
This is similar to how in computer science, many exploration algorithms have a random element. Making a random move can help avoid settling into a ‘local optimum.’ While we wouldn’t recommend literally picking randomly, the fact that even computer algorithms find randomness helpful illustrates the value of considering paths well off your standard track.
3. Explore within your job
An alternative approach is to take a job that lets you try out several areas by:
- Enabling you to practise many different skills. Jobs in small companies are often especially good on this front.
- Enabling you to work in a variety of industries, such as certain types of freelancing or consulting positions.
- Giving you the free time and energy to explore things outside of work.
Be more willing to quit
Another rule of thumb to consider: if you’re on a path that’s only going so-so, you should probably try something else. (If you can afford to.)
If the path is only going so-so, it’s probably not an upside option, and so doesn’t have much information value. It’s probably also not a great fit.
Due to the sunk cost bias, we’d expect people to continue with their current path for too long. We’d also expect people to want to avoid the short-term costs of switching, and to be averse to leaping into an unknown new option.
This all suggests: if you’re on the fence about quitting your job, you should quit.
This is exactly what an influential randomised study found. Steven Levitt recruited tens of thousands of participants who were deeply unsure about whether to make a big change in their life. After offering some advice on how to make hard choices, those who remained truly undecided were given the chance to flip a coin to settle the issue — 22,500 did so.
Levitt followed up with these participants two and six months later to ask whether they had actually made the change, and how happy they were one a scale of 1 to 10. It turned out that people who made a change on an important question gained 2.2 points of happiness out of 10. Of course, this is just one study, and we wouldn’t be surprised if the effect were smaller on replication. However, it lines up with what we’d expect.
How much should you explore at different stages in your career?
It varies by person. If you’re following the upside option strategy, and you luck into something great early on, you might never need to try anything else. Or, you may need to try over and over again to get a hit.
However, there are clear arguments that people should generally explore more earlier in their career. This is because when you’re early on:
- You have the most time remaining to take advantage of new options you discover, whereas if you find a new career path when you’re 60, you can only benefit for a few years.
- You have the least information about what’s best, since you haven’t tried many jobs.
- The costs of exploring are lower: young people are expected (often encouraged) to change jobs more often, and there are low-cost opportunities to try things out (like internships), which aren’t always available to older people.
This is the justification behind the common advice to be more ambitious and broaden your horizons while young. The younger you are, the more you can focus on information value — and the more you’re focused on information value, the more ambitious the upside paths to aim for. As you get older, you’ll focus more on ‘exploiting’ your best-guess choice rather than exploring to find something even better.
However, you’ll keep learning about your fit and which options are best throughout your career, so information value remains important for everyone. A middle-aged person who has just quit a long corporate career would suddenly face more uncertainty and lower costs to experimentation than most people their age, and so might do well to go back into exploration mode for a period.
Conclusion: exploring step-by-step towards your best career
It can be intimidating to try something new, but it’s often well worth your while. You don’t need to figure out your best career right away, and it’s not the norm. Most careers proceed via a series of steps, each of which is an experiment. The best you can do is have a good exploration strategy — one that minimises the costs of exploring while giving you the best possible chance of finding an even better path.
Further reading about career exploration
- Our podcast with Brian Christian on what we can learn from computer science about how much to explore in your career.
- How long should you take deciding your career? on Applied Divinity Studies further investigates how to apply the secretary problem to career choice.
- If you’re unsure whether to quit, probably quit.
- David Epstein on Mastery, Specialization, and Range, on EconTalk (the book itself doesn’t add much to the arguments, though has more examples).
- How to Measure Anything by Douglas Hubbard has one of the best explanations of ‘information value’ that we’ve seen, and is a great book in general. Here is a summary.
- Four examples of value of information.
- Biases in career decisions and what to do about them.
Read next: Doing good together: how to coordinate effectively and avoid single-player thinking
Through trade, coordination, and economies of scale, individuals can achieve greater impact by working within a community than they could working individually — but to take full advantage of this, you need to change how you approach your career.
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Notes and references
Median employee tenure was generally higher among older workers than younger ones. For example, the median tenure of workers ages 55 to 64 (10.4 years) was more than three times that of workers ages 25 to 34 years (3.0 years). A larger proportion of older workers than younger workers had 10 years or more of tenure. In January 2014, among workers ages 60 to 64, 58% were employed for at least 10 years with their current employer, compared with only 12% of those ages 30 to 34.
Archived link, retrieved 24-Apr-2017.↩
- Though it’s easier in some subjects like computer science or economics, and it’s fine to take a break before your PhD.↩
- The standard set up of the secretary problem says you should spend 37% of your time exploring, and then pick the first option that’s better than any of the options you’ve seen so far.
However, it assumes there’s no cost to exploring, and aims to maximise your probability of finding the top ranked option, rather than maximise expected value. Accounting for both of these effects significantly reduces how much time you should spend exploring (even if you assume the value of options are distributed lognormally).
On the other hand, the secretary problem assumes you can never go back to an old option. Adding the ability to return significantly increases how long you should spend exploring. However, our sense is that this probably isn’t enough to offset the factors above.
Another complication is that you’ll become more productive over your career, which reduces the costs of exploring early. On the other hand, we should also discount future impact, which reduces your planning horizon. These two effects partially cancel out, but overall we think the net effect is to reduce how much time you should spend exploring.
The secretary problem also assumes you have no prior information of your options and how good they are compared to other options you might take. In reality, you have a lot of knowledge of this kind. This probably reduces how much time you spend exploring (because you already have much of the relevant information), and means it can be worth committing early if you find something great.
Learn more in this analysis by Applied Divinity Studies.↩