The average baby boomer will switch jobs 10 times, according to the U.S. Bureau of Labor Statistics. The worker as free agent—a concept popularized in the 1990s—remains a reality regardless of economic conditions, making it incumbent on all of us to take greater control of our own careers. The corporate ladder is still being disassembled like a Jenga tower, and even the CEO position is no longer a terminus. As one independent financier we interviewed put it, “[T]here are no final destinations. [Your career] is a process of continuous development.”

A version of this article appeared in the January–February 2010 issue of Harvard Business Review.