How much of a role does luck play in your career? - Global Opportunity Forum (2024)

January 30, 2023

Why do some people, and not others, succeed in their careers?

It’s mostly luck, 55% luck to be exact—or at least that’s the number calculated by Tomas Chamorro-Premuzic, professor of business psychology at University College London, writing in Forbes. The other 45%, he claims, is talent and effort.

While we will likely never know exactly how much luck (or fortune, randomness, or fate) contributes to success, it’s clear that it does. And there may be ways to bend it to your advantage.

For Charmorro-Premuzic, luck is anything other than talent and effort, including socioeconomic status at birth. It’s anything that determines outcomes and is beyond one’s control.

Luck may be a paltry concept if we’re looking for explanations. There may be better explanations than luck if we want to know, for example, why a specific person was passed over for a promotion. But as a future-oriented and practical concept, luck may help us to handle uncertainty and harness randomness. If we know that the future is uncertain, that it is governed to an extent by “luck,” then we can plan for it.

Over the years, experts in career advice and leadership have invented methods for working with luck, especially for adapting mindsets and habits that can make luck work for us. In today’s world of work, where rapid change is the norm, the careers that we plan may change dramatically or may not even exist in a short time. By working with luck, we may discover careers we had never considered. Fulfilling careers might find us if we play our cards right.

Passion may not lead to success, especially in careers where luck reigns

Following one’s passion may not be good advice.

A meta-analysis, which examined results from 175 studies, found that people who pursued their passion—compared to people who did not—did not enjoy greater “objective success,” such as higher salaries and promotions. They did have modestly higher “subjective success,” which the study defined as career satisfaction and well-being. But these gains were negligible.

“What typically happens is people with this [passion] mindset are slightly happier, but not to any practically substantial degree,” explain the study’s authors, Daniel Goering and Christina Li. “Thus, instead of focusing solely on passion, realize that any given job requires not only meaningfulness, but also competence.”

While Goering and Li emphasize that one must be competent—not only passionate—to succeed, there is evidence too that some careers have “high variance,” meaning that even people who are skilled have low chances of succeeding. Careers in academia, for instance, are high variance, while a career in dentistry is low variance: skilled dentists nearly always meet with success.

A person who follows their passion may find themselves in a high variance career, where success is unlikely and determined by neither talent nor effort but by what we might call luck.

“Proceed with caution in solely following your passion,” Goering and Li advise.

Explore career paths with an open mind—network and apply widely

Because success often hinges on luck, many career experts recommend not latching onto a single dream career. Instead, you might be better off keeping your options open and learning about alternate career paths.

“Imagine if instead of trying to fit into some idealized version of your future, you let yourself be surprised,” write Thomas Roulet and Benjamin Laker in Harvard Business Review. “You enter the workforce with an open mind rather than a wish.”

Roulet and Laker suggest two methods for cultivating “serendipity,” their preferred term for luck. They recommend meeting people from a broad range of industries and applying to jobs outside your planned career path. In this way, you can take advantage of the unpredictability of meeting new people and learning about careers you have not considered before.

Roulet and Laker suggest what they call “serendipitous networking,” or meeting new people with no goal other than learning new stories and perspectives. The purpose is to learn information about potential career paths with an open mind. According to Roulet and Laker, serendipitous networking can also lead to new careers because, through it, you can learn novel information about job opportunities not available elsewhere.

Beyond networking, Roulet and Laker suggest applying to a broad range of jobs, even if they’re outside your passion, since you might be offered an attractive job that you had not considered before.

“Do not limit yourself — apply to any and everything that sparks your interest,” write Roulet and Laker. “Your goal is to put your name out into the universe and let the recruiters come to you. This is one way of creating luck or ‘tempting fate.’”

Develop learning agility—new careers, new identities, new skills

Once you identify new career possibilities, you may need some help deciding whether to begin traveling along a new career path. You may need help with learning new skills too.

Some career advice suggests reflecting on who you are or who you want to be during career transitions. Sarah Wittman, Assistant Professor of Management at George Mason University’s School of Business, observes that new careers come with new identities, and for a new career to be a good fit, the new identity must be one that can see yourself embracing.

Another approach is to develop “learning agility,” an ability to change even deeply held views when new information comes to light.

“People who measure high in learning agility manage their career with a readiness to adapt, stay curious, are reflective, minimize defensiveness, and unlearn deeply held mental models to make room for more purposeful ones,” writes Nihar Chhaya, an executive coach to leaders at global companies.

People with learning agility are better able to navigate career uncertainty, Chhaya claims. They may be better able to adapt their identities and thinking to new careers and jobs as they emerge.

Careers rarely follow a neat, linear plan. By working with luck, we might be able to find fulfilling careers, even in an era of disruption and uncertainty.

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How much of a role does luck play in your career? - Global Opportunity Forum (2024)

FAQs

What is the role of luck in careers? ›

Why do some people, and not others, succeed in their careers? It's mostly luck, 55% luck to be exact—or at least that's the number calculated by Tomas Chamorro-Premuzic, professor of business psychology at University College London, writing in Forbes. The other 45%, he claims, is talent and effort.

What role does luck play in success? ›

Research conducted by economist Robert Frank (book) found that luck plays a much larger role in our success than we might initially think. In fact, Frank argues that success is often the result of a combination of talent, hard work, and a healthy dose of luck.

Does luck play a role in getting a job? ›

Luck is more important to career success than most people think. But talent and effort matter, too. The harder and smarter you work, the luckier you get.

How much does luck matter on Reddit? ›

Even if your efforts affect your life only by 10%, you've nothing to lose by working hard and seeing where life takes you. Luck matters a lot and it really does wonders, I've seen the video and agree 100% but I hate people crying after working half assed and blaming things on luck.

What role does luck play in a new business's success? ›

A recent study found that luck and hard work were about 50/50. Whatever percentage you favor, the importance of luck can't be ignored. So, being lucky won't help if you don't have a solid business footing, with an idea, capital, and hard work. But having an idea, capital, and hard work may not be enough.

How does luck work in real life? ›

Lucky people have cultivated a particular skill in noticing and then taking advantage of opportunities. They tend to notice subtle opportunities and then find a way to take hold of them. Most people who describe themselves as lucky tend to be extroverted, optimistic, and most importantly, open-minded.

Does success come from luck or work? ›

Or, is it the product of hard work? Surprisingly, many successful people do consider themselves lucky, but that luck is driven by their actions and their self-development. Hard work starts with inspiration, which often comes in the form of luck. In other words, hard work and luck are two sides of the same coin!

Which is more important for success skill or luck? ›

Coming back to the question of Luck and Skill, I would say the decisions could be based on skill, but results are always based on luck. And your skills also depend on how lucky you are. Skill is the choice you make, the decisions you take in those circ*mstances, the preparedness you have to manage the risk side of it.

How luck plays a role in any new venture? ›

Luck also plays a role in attracting the right investors. Sometimes the right investors just happen to be in the right place at the right time. They might see your pitch at a conference or meet you through a mutual friend. Its important to be open to these serendipitous opportunities and to be prepared when they arise.

Does luck matter in interviews? ›

Hard work is a major factor throughout the interview process but luck does play a role. If you put it down in numbers, hard work would account for about 70% of success while luck accounts for the other 30%.

What role does luck play in happiness? ›

Bad luck can obviously so maim or crush us that we may find our happiness greatly reduced with little or no prospect of regaining it to the extent that we might wish. But good luck can so insulate us from our circ*mstances that life may yeild for us a tedium or an ennui in more than its usual modicum.

How are skill and luck related? ›

Skill-luck continuum

Skill and luck are not fast categories, but are on a continuum, says Mauboussin. For example, chess takes skill to play well and win, and gambling takes luck on the other end of the spectrum. For the rest of things that happen in life, we are caught between the two extremes.

Does luck matter for success? ›

Lucky people are more likely to notice, create and act on opportunities. They use their gut feeling to make successful decisions. They persevere in the face of failure and take more calculated risks. They work to transform bad luck into good fortune by learning from experiences.

Does luck effect work? ›

The Luck effect is a status effect that increases the chances of getting valuable loot. There are levels of Luck such as Luck II, Luck III, Luck IV and so on. The higher the level of Luck, the more luck that is given.

Does best of luck make sense? ›

Yes, it is proper to say “best of luck” as it conveys a strong and sincere wish for success.

Does luck play a role in business? ›

Hard work and preparation is important in order to move from poor to good performance, he says, but moving from good to great requires luck and depends more on being in the right place at the right time, which can be so important that it overwhelms merit and grit.

What is the function of luck? ›

Luck can play a significant role in our success, and it's important to acknowledge and appreciate its positive impact. Luck can create opportunities that we may not have otherwise had, and it's up to us to recognize and capitalize on them.

Is luck more important than hard work? ›

What is more important for success: luck or hard work? Hard work is a major factor throughout the interview process but luck does play a role. If you put it down in numbers, hard work would account for about 70% of success while luck accounts for the other 30%.

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