Why It’s Important
Professional currency is the value you build throughout your career, which makes you more attractive to employers, clients, and peers. This concept is rooted in network science, where the idea of "the rich get richer" applies. As you accumulate more of this currency, your opportunities and influence grow exponentially.
Four Types of Professional Currency
- Network Currency: As you start working with reputable companies, it becomes easier to connect with even more prestigious organizations. It’s often about who you know, but don’t overlook the value of your colleagues and peers in expanding your network.
- Educational Currency: A degree from a well-known school can elevate your application and position you as a more desirable candidate, even if other factors are equal.
- Mentoring Currency: Having mentors who are respected in your field adds significant value to your professional reputation.
- Authority and Expertise: Being recognized as an expert or an authority in your field builds your professional currency, making you a go-to person for advice, collaboration, and opportunities.