Navigating Job Applications as an Overqualified Candidate

I’m reaching out for advice on how to handle my current job search challenges.

After taking a few months off due to frustration with my career progression, I’ve had some time to reflect. A few years back, I thought I had found my dream job after years of hard work, promotions, and professional development. Unfortunately, after two years in that role, I realized it wasn’t what I truly wanted. This experience was disheartening, but it pushed me to explore some long-held business ideas. I think I’ve finally identified a viable concept but need to pay off some debts and secure an income while I build my business. My partner’s income alone isn’t sufficient, and I lack the capital to get my venture profitable right away. Based on my projected growth, I believe I could transition to running my business full-time in about two years, drawing a reasonable income while supporting its development.

Currently, I’m applying for positions that are two to three levels below my previous roles—jobs I am well-qualified for. Unfortunately, I’m encountering repeated setbacks: some applications are quickly rejected, while others go unanswered.

I recently pursued a position in senior management within the manufacturing sector that appeared to align well with my skills and experience. However, I ultimately chose to withdraw from the process because it didn’t align with my business aspirations.

I’m no longer interested in the stress associated with high-level roles, and my financial needs have changed; I’m prepared to live modestly while I focus on my business.

I recognize that I “should” downplay my resume, but it feels disingenuous to do so. I’ve been advised to clarify my motivations in a cover letter, but I fear that being honest about my desire to step down could lead my application straight to the discard pile. As a result, I’ve been submitting applications without cover letters.

In the past, when I recruited candidates who were overqualified, I would typically reach out to question their motivations for applying for lower-level roles. I was hoping for the same this time around, but that hasn’t happened.

I don’t want to misrepresent myself, but I also fear that honesty may diminish my chances of landing interviews. What would you recommend I do in this situation?