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The paper seeks to explore via a series of interview-based case studies aspects of the emergence of an entrepreneurial middle-class in Russia. The paper notes the origins of those studied in the professional or highly skilled workers in the former Soviet Union. The paper reveals the complexity and fragility of the circumstances of these entrepreneurs and suggests that commentary in both Russia and the West that pins its hopes for social stability on the emergence of a new property owning middle class in Russia are, at best, premature.

This paper examines professional work and professional careers and the extent to which professionals face change, uncertainty and risk in their careers. The key issue is whether the power and privilege of the professions is being undermined. It draws on research from Manchester's business and financial sector including accountancy, law, actuarial work and corporate finance. Interviews with senior partners and managers in a range of organisations indicate that important changes in the professions are taking place including diversification, inter-professional competition, organisational change and specialisation. There has also been a change in relationships with clients and an intensification of work. Interviews with junior professionals show that job mobility is high in the early career although most envisaged staying with one organisation for the majority of their careers. Hours of work were long but not necessarily seen as onerous. They were well remunerated in commanding high salaries at a relatively young age with the prospect of greatly enhanced rewards in the future. Few had experiences of redundancy and none of unemployment although the consensus of opinion was that the professions are no longer a job for life. Perceptions of insecurity were greater than experiences of it. It is argued that the privilege and power of the professions can only be understood in the context of the organisations in which they are employed and the political economy in which those organisations operate. Increased economic competitiveness has led to changes in professional work but professionals continue to enjoy advantaged careers in the labour market.

While much is known about the mobility patterns of the middle classes in London and the South East, far less is certain about middle-class migration patterns in other regions of the country. Nor has the importance of other regional centres in providing opportunities in the professions and management been acknowledged. This article rectifies these omissions by drawing on research with young professionals employed in Manchester in the North West. It explores the migratory patterns of the 'migrant' interviewees. The article will show that the majority of young professionals were 'migrants' in having been geographically mobile at some point in their lives. Different types of migrants are identified: (1) those with family affiliations; (2) those with university roots; and (3) those with (seemingly) no connections to the city or the region. These migratory practices are shaped by different factors: namely, the close proximity of family and friends, attractive job opportunities in Manchester, the role of universities in establishing roots and a sense of belonging and, finally, an identification with the North - widely defined and straddling the Pennines. These factors also shaped the residential patterns of the sample. Copyright Joint Editors and Blackwell Publishing Ltd 2003.

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