The National Society of Professional Engineers, under contract to the U.S. Department of Labor, conducted a study to investigate the conversion of skills of displaced aerospace defense technical professional to other industries. The Long Island team of the study project investigated the banking, finance, and insurance industries. Approximately 250 potential jobs were found in the banking and finance industry and about 2,000 potential jobs were identified in the insurance industry in sales, safety, and fire prevention engineering. Subject to further verification, 1,500 to 5,000 potential jobs in the supporting activity of appraising were found for these displaced professional personnel. The institutional preference for hiring at the trainee level and the lack of need for the highly developed skills typically possessed by the aerospace and defense engineer, led to the recommendation that job opportunity investigation be concentrated on placing engineers and scientists in industrial safety. This report presents separately the banking and finance results and the results in the insurance industry. Related chapters are announced as VT 018 435-018 451 in this issue. (Author)