GS Quantify Challenges Students in India to Build Solutions in Quantitative Finance

Students from seven Indian Institutes of Technology (IITs) put their analytical and quantitative skills to the test by participating in GS Quantify, a unique engineering contest sponsored by Goldman Sachs.

Students were grouped into teams of two or three and asked to solve problems in quantitative finance similar to those encountered by Goldman Sachs engineering teams every day. Each team was asked to work together to build solutions in the areas of credit valuation adjustment, portfolio management and news prediction.

The contest was open to students across all academic backgrounds and areas of study, and featured participants from IITs in Bombay, Kanpur, Madras, Kharagpur, Delhi, Guwahati and Roorkee. The contest opened online on September 5 and closed on September 7. A total of eighty-five teams submitted unique engineering solutions in the form of write-ups data, & analytics.

The teams who submitted the most promising solutions—a total of 20 students from 5 different IITs—were invited to our Bangalore office on October 17 for a final round of judging. The students had an opportunity to network with Goldman Sachs employees who are alumni from their respective schools, and to attend a high tea session with the cross-divisional Strat leadership team. The students then presented their solutions to the GS Quantify judging panel, which included senior team members from cross-divisional Strat teams.

The team from IIT Delhi clinched the title for their outstanding solution to the problem on quantitative portfolio management where the goal was to balance risk vs reward profiles when investing in stocks.

“It was refreshing to solve the open-ended problems and we got a first-hand experience of how quantitative finance is practiced,” said Dheeraj, a student of IIT Madras.


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