WorldQuant BRAIN’s International Quant Championship (IQC) for 2024 witnesses around 15,000 Indian participants, nearly 50 percent of the total 37000 global entries

By India Education Diary Bureau Admin On Jul 9, 2024

Out of 5600 participations qualified for the second stage, nearly 2500 are Indian students
The Global Finals are slated to be conducted in Singapore in September 2024, with cash prizes from a pool of of $400,000 USD for the winning teams

WorldQuant BRAIN’s International Quant Championship (IQC) for 2024, a three-stage, team-based competition engaging students, academia, and professionals from around the globe has witnessed a strong participation of approximately 37,300 global students with 15,322 participants from India. The IQC enables participants to apply their quantitative skills at the intersection of data science and financial markets by developing and backtesting Alphas, which are mathematical models that seek to predict the future price movements of various financial instruments.

The flagship IQC competition of WorldQuant, a global quantitative asset management firm, provides a platform to talented students enabling them to showcase their quantitative skills in a compelling environment. Participants have completed stage one of the university round and qualified teams have steadily progressed to stage two of the national/regional round. With qualifying teams of 5,645 participants in stage two, 2491 Indian students advanced to the second stage. Later this year, the highest scoring teams from stage two will advance to the stage three of Global Finals, which include a live challenge and presentation to determine the overall IQC winners. The total cash prizes for winning teams are from a pool of $400,000 USD, the largest IQC prize pool to date. The Global Finals are slated to be conducted in Singapore in September 2024.

The IQC 2024 competition encourages top talent and provides them with opportunities such as potential research consultant roles, internships as well as full-time. Top performers in the IQC 2024, may also be eligible to be invited to the WorldQuant BRAIN Research Consultant Program, which offers access to data and tools, flexible approach to work, global learning events, competitions and networking with fellow quants, competing opportunities in new challenges with merit-based compensation and more career opportunities.

“We are thrilled to launch the annual IQC competition again, enabling talented students from across the world to showcase their passion and quantitative skills in a riveting competitive environment,” said Igor Tulchinsky, Founder, Chairman and Chief Executive Officer of WorldQuant. “The IQC demonstrates WorldQuant’s commitment to engaging high quality talent across the globe, and we strive for this competition to serve as an impetus for more people to pursue the compelling opportunities available in the quantitative field.”

India is one of IQC’s most active participating countries. Based on the aggregate scores of participating teams at each institution, 34 India-based universities are ranked in the top 100 schools globally. We are happy to see attendees from institutions, including Indian Institute of Technology Delhi (#1 globally), National Institute of Technology Tiruchirappalli (#2), Indian Institute of Technology BHU Varanasi (#3), Indian Institute of Technology Roorkee (#5), Indian Institute of Technology Madras (#6). The IQC welcomes students and talent from eligible regions and across experience levels to participate, who demonstrate interest in quant finance from across educational institutions.

Past IQC winners represented universities including the Indian Institute of Technology in India among others.