Alphathon at IIT Madras
As a part of Shaastra 2019, IIT Madras and WorldQuant Virtual Research Center will be launching the IIT Madras Alphathon, which is part of the WorldQuant Challenge, for IIT Madras students beginning on 4th January, 2019 and ending on 26th January, 2019. This would give students from IIT Madras an exciting opportunity to learn about quantitative finance and data science.
The WorldQuant Challenge provides interested candidates with an opportunity to test their ideas and develop high-quality financial market signals (alphas) using WebSim, WorldQuant’s web-based simulation platform. Qualified candidates earn points by creating alphas — and these points can lead to Bronze, Silver and Gold status. Individuals who achieve Silver and Gold status may be considered for research consulting opportunities with WorldQuant.
How the IIT Madras Alphathon Works
The IIT Madras Alphathon makes the WorldQuant Challenge even more exciting by offering the top 3 Gold finishers the opportunity for each to receive a one-time special stipend once each qualifies to be a Research Consultant.
- Top Scorer: The top ranked participant in the IIT Madras Alphathon will be considered for a one-time special stipend of up to USD $500 in our discretion.
- #2 Scorer: The individual whose final score ranked second within the IIT Madras Alphathon will be considered for a one-time special stipend of up to USD $300 in our discretion.
- #3 Scorer: The individual whose final score ranked third within the IIT Madras Alphathon will be considered for a one-time special stipend of up to USD $200 in our discretion.
For participants who demonstrate a strong understanding of alpha creation, WorldQuant may also offer the opportunity to interview for potential internship and, where available, full-time employment opportunities with WorldQuant.
Note that only Alphas created, simulated and submitted on or after 4th January, 2019 and before 26th January, 2019 will be considered for IIT Madras Alphathon scoring.
Please refer to the guidelines for a full explanation of how the IIT Madras Alphathon works.
We encourage you to continue learning through all of the materials in the Help Section, and get ready to test your ideas!
If you haven’t yet registered for a WebSim account. Register now to ensure your participation in this exciting competition!
No consulting or employment opportunity nor any compensation is guaranteed; any engagement as a research consultant, intern or full-time employee is subject to satisfactory completion of a background check, execution of a relevant consulting, internship or employment agreement (as applicable) and any other applicable requirements in the discretion of WorldQuant.