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In the financial job market, there are many obstacles for graduates seeking to rise quickly in their professional lives. Financial organisations, ranging from banks to international stock-brokers, adopt high standards for their middle and upper management professionals. Indeed, the delicacy of the marketplace and the attitudes of individual clients towards their financial situation requires a high level of experience and good aptitude for a management position. The financial graduate who is just leaving university to find a job, however, can accelerate the process of rising quickly in the field of finance by choosing the right entry-level finance job.

The first consideration for professionals looking for entry-level finance jobs is their short term goals. If a graduate is concerned with making a good salary immediately, working with an international company or a larger bank may be the wisest move. However, those who want to build experience and rise through the ranks may wish to consider smaller organisations, such as financial planning firms, where there is more contact between executives, managers, and entry-level workers. This is an important consideration, as it can set you off on the right or wrong foot immediately.

Another important thought on entry-level finance jobs concerns the amount of upward mobility available for exceptional finance graduates. The graduate, who works for an international bank, can certainly rise to prominence within the company and the industry in general. Indeed, there is plenty of opportunity for such a professional to rise to local, regional, national, and international positions. For the graduate who works with a smaller company, mobility may be more difficult because of the relatively fewer positions between president and entry-level worker.

A third consideration on entry-level finance jobs is the nature of the job that a graduate accepts. Indeed, the chances of rising through the ranks decrease if a professional doesn’t enjoy their job and bring the same level of effort day in and day out. A professional who wants to help people directly may wish to work as a financial planner or advisor and rise to departmental management after years of commitment to client success. Another professional that thinks of finance in terms of larger companies, or even governments, may desire to make their way as a stockbroker or corporate financial professional, rising through the ranks by networking with prominent clients. All these considerations are important when thinking of the best entry-level finance job for a particular graduate.

 
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Posted by admin
Published 9th July 2009
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Private space travel and tourism is already being considered as a reality by the commercial and business insurance industry.
A panel discussion at the Federal Aviation Administration’s annual Commercial Space Transportation Conference, attended by commercial and business insurance experts, indicated that the costs of policies is likely to be extremely high in the early years or until a successful track record had been established by private space tourism companies.
Raymond Duffy, senior vice president of Willis Inspace of New York, commented that commercial business insurance rates would be exceptionally high in the beginning, and would only reduce significantly when positive results for safe and successful space travel were confirmed.
He went on to suggest that early failures by Space Travel or Space Tourism companies would make it virtually impossible for the new industry to procure insurance at all, recommending that personal spaceflight companies should spread the risk as much as possible throughout the industry. However, he concluded that eventually the commercial insurance industry and the spacetravel orgranisations would negotiate ways to limit risk and manage the overall costs.
Another Conference delegate, Ralph Harp of Falcon Insurance, suggested that personal spaceflight companies needed to present a very clear and detailed picture of their intentions as they prepare to send their first clients into space. With so little knowledge beyond the international space programme, insurers would have very little information on which to assess the risks they might be undertaking in underwriting any commercial space travel project.
Discussing the problem of securing commercial insurance for private space travel after the Conference, George Whitesides, a senior advisor to Virgin Galactic told Space News that his company had already had some positive discussions with insurers. He said that the insurers had told Virgin that a business model put forward to them seemed sustainable.
It will certainly be interesting to discover who are the first commercial insurers to boldly go where no insurers have gone before.
Back in March 2007, it was reported that BUPA Travel Insurance was considering the space tourist market as its next project in the area of commercial insurance.

A BUPA travel spokesman then commented: “We are looking into space tourism as a real market for the next generation of travellers, especially as Russian cosmonauts have already taken tourists into space”.
The spokesman added: “We provide insurance cover to people in 190 countries so it wouldn’t be a giant leap to add outer space to that list”.

 
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Posted by admin
Published 5th July 2009
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Posted by admin
Published 1st July 2009
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