With top management jobs slashed across industries, more and more people are faced with the reality of having to take a step or two down the corporate ladder: Some are stepping off all together, rolling up their sleeves and taking “survival jobs” to make ends meet. Being thrown off the executive pedestal can pose some difficult challenges, but it doesn’t have to mean the end of the world. In fact, just like we’ve seen in the hit reality series Undercover Boss, there’s sometimes a lot to be learned from stepping down into the ranks. Here are tips to help you adjust, and make the most of, the realities of underemployment:

• When job-hunting, be prepared to deal with the resistance you may face from being overqualified.  Script out your response. Emphasize your ability to perform. Be honest.  “You may want to, for example, say ‘I have background and experience that will add depth to this position while I keep busy, contribute, and bring sustenance to my family,’” suggests New York City career coach Beth Ross. But avoid coming off like a know-it-all, and be appropriately humble.

• Face any concerns about your commitment to the job head-on. If the person hiring expresses concern that you’ll leave as soon as the economy turns around, Ross suggests you admit that of course that’s a possibility, but stress your commitment to be loyal while you’re there, the quality of work you’ll provide, and that you see it as a new learning experience.

• If you’re contemplating a job unrelated to your field, make the most of the situation. Try to find a position where you can learn a new skill and add to your marketability. Or consider one that relates to your interests or hobbies. Keep your skills relevant, even if it means volunteering some of your time.

• Try to find a position that comes with some autonomy. A study conducted last year by a pair of researchers at Portland State University shows that some independence on the job helps those that feel overqualified experience more satisfaction with their position.

• When trying to move back into your field or back up the ladder, be straightforward about your experience. Don’t omit any job from your resume.  Background checks can turn things up. Be positive about your experience, and highlight any transferable skills. Point out what you gained from the job, and be honest about why you took it. Explain that you may have been trying to make ends meet, but that doesn’t mean you’ve lost your aspirations or abilities.

• In the meantime, look for the silver lining. This type of change may result in less stress and a more enjoyable lifestyle. In a recent Gallup study, 51% of the underemployed reported spending at least six hours socializing with family and friends over a one-day period, compared with 43% of the employed.