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Market Makers @ Acn

 
#1 Market Makers @ Acn
11/04/2007 16:41

analyst

Can anyone here offer some insight into the market making/contract negotiating side of accenture?

Done a project in that area? What are the prospects for promotion like? From what I gather if you do well it's a good way to get accelerated promotion also, is that true?

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#2 RE: Market Makers @ Acn
11/04/2007 17:39

Fine wine consulting to analyst (#1)

I hear that their partners 'bought low, sold high'.

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#3 RE: Market Makers @ Acn
11/04/2007 18:04

analyst to Fine wine consulting (#2)

?

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#4 RE: Market Makers @ Acn
12/04/2007 14:59

sparky to analyst (#1)

Market making? Do you expect the HR dept of Accenture a bid and offer? If you are joining their FS dept I wouldn't bring up market making. Go for negotiation.

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#5 RE: Market Makers @ Acn
12/04/2007 15:04

analyst to sparky (#4)

can you expand on that please?

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#6 RE: Market Makers @ Acn
12/04/2007 15:07

Sparky to analyst (#5)

analyst, with all due respect do you know what a market maker is, what he/she does?

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#7 RE: Market Makers @ Acn
12/04/2007 15:13

analyst to Sparky (#6)

Essentially contributes to selling work isn't it?

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#8 Market Makers @ Acn
12/04/2007 15:28

Sparky to analyst (#7)

Analyst, having actually been one in a past life I feel I sort of know what I'm on about without trying to sound too smarmy. A market maker is basically a wholesaler in the financial markets. A dealer or trader who makes a market price ie. makes the market. He will show both a bid and an offer price in his particular sector be it FTSE or Eurobonds. Unlike a broker he carries all the risk. The difference between his bid and offer price is known as the spread and according to economic theory this is where his profit is made. However economic theory is best seen in books as it doesn't translate well into the markets. He will make his market based upon the information available to him and also upon other factors such as client trade flows, his position (long or short) et alia.

When looking to go for position with a consultancy of course there is always a wee bit of room for negotiation but be realistic. I don't work for Accenture nor have any interest in doing so but someone on here byut have an idea on how much flex they will have. I'd imagine they'd be interested in how much you are expecting and it doesn't make you a bad man to aim it a tad higher than what you really would like. It gives you a base to negotiate down from. I imagine it really all depends on your experience and what you can bring to the party. Regards and all the best.

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#9 RE: Market Makers @ Acn
12/04/2007 15:31

analyst to Sparky (#8)

I think market makers at accenture are different to what you're talking about.

There's a team here, essentially a sales team who create opportunities to sell very expensive pieces of work to clients and when agreements are made negotiate the terms of the project.

I'm looking for more information on that side of the company from people who have worked there.

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#10 RE: Market Makers @ Acn
12/04/2007 15:34

Sparky to analyst (#9)

Ah ! that may well be the case ie. they try to create a sales opportunity and then negotiate the terms of the trade as it were? Fair enough. Never seen the term used outside of the City

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#11 RE: Market Makers @ Acn
12/04/2007 16:03

anon to Sparky (#10)

Whatever next? BAS to act as a systematic internaliser?

Absolutely crazy. How mad mad mad.

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