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You don't have to have a Master's Degree in Child Psychology to work as a nanny; however, most nanny positions require at least some experience working with children. If you can combine that experience with recent and relevant training like first aid, CPR, and maybe even some continuing education courses related to childcare, you'll be more likely to land a nanny job.
When applying for nanny positions, always put your best face forward – literally. If you're submitting photos to an online nanny placement agency, make sure it's not the photo of you last Saturday night just before you went out to the bars. Don't be offended! Your picture probably looks great, but take a look at it with a critical eye. Chances are the way you dress, do your hair, and apply your makeup to go out on a Saturday night is nothing like the way you'd get ready for a day's work as a nanny. Of course, you know that. But the family looking to add someone to the nanny payroll doesn't. The first photograph they see is going to paint a picture of who you are. It might not be fair, but it's reality.
If your resume is primped and primed, and your image conveys the kind of trustworthy, competent nanny that you are, you won't have any trouble finding a job as a nanny.