JP Morgan Quant Challenge

J.P. Morgan is one of the world’s leading financial services companies, with $2.6 trillion in assets and operations worldwide. J.P. Morgan is one of the world’s oldest, largest, and most famous financial institutions, with a rich history spanning more than 200 years. The company is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management.

J.P. Challenge Morgan Quant is a hackathon-themed competition that gives students and young professionals experience in algorithm programming, data science and machine learning in finance and is a great opportunity to showcase their skills and knowledge to the potential employers. Also, the candidates get to know more about the latest trends and developments in the financial sector.

Eligibility Criteria

• Students pursuing undergraduate or postgraduate degrees in quantitative subjects such as mathematics, physics, computer science, and statistics
• Young professionals with up to two years of work experience in these fields are also eligible.

Rounds

The J.P. Morgan Quant Challenge is typically conducted in two rounds:

Online round

The online round of the J.P. Morgan Quant Challenge typically consists of a set of programming problems that need to be solved within a stipulated time frame. The problems may be based on any of the three sections of the competition: Algorithmic Programming, Data Science & Machine Learning, Derivative Modelling and are designed to test the participants’ skills in problem-solving, coding, and data structures.

Tips to succeed in this round:

• Start practicing early since first round is highly competitive.
• Focus on accuracy and speed because the questions are to be solved in a particular time period.

Onsite round

The onsite round of the J.P. Morgan Quant Challenge is typically more challenging than the online round. The participants are given a complex problem. Candidates need to solve and present their solution to a panel of judges. The problem is generally a case study, a research paper, or a simulation. The judges will evaluate the participants on their problem-solving skills, their ability to communicate their ideas clearly and concisely, and their knowledge of quantitative finance.

Tips to succeed in this round:

• Be confident and try to answer in a simple way.
• Focus on your soft skills as well as hard skills.

Rewards

The rewards for the J.P. Morgan Quant Challenge vary depending on the year and the region in which the competition is held. However, some common rewards include:

• Cash prize
• Internship offer
• Pre-placement interview
• Access to exclusive events and networking opportunities
• High-end laptops to top winners.