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Salient. Special Salient Issue. Careers Information Week. 1961


The growing Complexity of commerce provides more and more opportunity for young men who have the ability to think and at intelligently. The life insurance business is a field which promises very worthwhile opportunities for such young men. Whilst on first sight the business of insurance might seem a pretty straightforward thing, in practice its ramifications go very wide. Consequently, there are several quite different highly specialised fields within the industry. Although a young man will probably make a particular field his main endeavour, there is still the scope and opportunity to move to another field or be promoted to executive or managerial positions which cover a broader field than the one in which he may have first specialised.

The A.M.P. Society is very much aware of the need for qualified young men and has set out to create attractive employment opportunities for graduates The A.M.P. has a high basic salary scale and the general conditions of employment are very good. In addition to the banc scale, qualifications are recognised by increments which may range from £25 to £400 per annum. Examinations which qualify for recognition are various: e.g., examinations for Accountancy and B.Com, Institute of Valuation (Property Valuation), Actuarial Practice, and the Insurance Institute's own examinations all arerecognised.

There are ancillary benefits that in practice are of real value: The security of employment, generous long service leave in addition to three weeks annual leave, assistance with home purchase on very favourable terms, liberal superannuation including both cash and pension retirement benefits.

As we have said, the fields of activity in a life insurance office are diverse. These particular ones would provide opportunity for university graduates jointing the A.M.P.:

Investments: The control of funds which in New Zealand alone amount to £90 million is a skilled occupation. The investigation of investment avenues-analysis of annual accounts, reports and supporting statistical schedules for preparation of submissions to the Board of Directors—provides opportunity for professional accountants.

Accounting: Huge sums are handled each year necessitating streamlined accounting methods. In this, Accountants are assisted by a modern punched card installation and electronic data processing machines.

Production: The supervision and training of a team of high calibre salesmen involves a constant demand for new sales techniques and ideas to maintain the Society in top position in a highly competitive industry.

Administration: The large staff needed to operate the Society's business necessitates top-line administrators. Their task is to co-ordinate and supervise the fast expanding operations in New Zealand. Australia and England.