Data

How WorldQuant is turning to crowdsourcing to hire quant talent

  • There's a way on for quant talent at hedge funds.
  • A new partnership illustrates new sourcing strategies.
close

Email a Friend

How WorldQuant is turning to crowdsourcing to hire quant talent

What does a leading quant hedge fund do to tap emerging talent? Create a human algorithm, of course.

WorldQuant, the $7 billion quant fund has partnered with Udacity, an online learning platform, to create a career path for opportunities for qualified Udacity students.

Why a hedge fund partners with an online learning platform: The global hedge fund is growing its Virtual Research Center. The VRC, with 1200 consultants worldwide, enables individuals to conduct research to build algorithms that may be used in WorldQuant’s systematic financial strategies. Its tagline is ‘talent is distributed globally, but opportunity is not’.

Grads of certain Udacity Nanodegree programs qualify for a streamlined interview process for consultant positions.

Udacity Nanodegree programs eligible for this partnership include:

  • Artificial Intelligence
  • Predictive Analytics for Business
  • Machine Learning Engineer
  • Data Scientist

There are 500 Udacity grads currently under consideration.

Generating community algos: The quant community is always on the lookout for new talent. Platforms like Quantopian and CloudQuant provide tools and data to budding data scientists and license the best ones for their own trading strategies. With backing from Steve Cohen’s Point72, Quantopian recently allocated the most money ever ($50 million) to a crowdsourced algo.

“We are excited to expand the opportunity set for leading talent. This partnership directly aligns with our priorities – empowering global quantitative talent and making high-quality opportunities more accessible around the world,” said Igor Tulchinsky, WorldQuant’s founder and CEO.

0 comments on “How WorldQuant is turning to crowdsourcing to hire quant talent”

Outlier OpinionsMakers

Data, Sponsored

How we can stop using the term ‘financial inclusion’

  • Our current credit system has led to decades' worth of errors and financial exclusion.
  • But as consumers get more autonomy in their financial decision-making, lenders may have to finally change their ways.
Nova Credit | April 26, 2022
Data, Sponsored

Our credit system is broken — now how do we fix it?

  • Our current credit system has led to decades’ worth of errors and financial exclusion.
  • But as consumers get more autonomy in their financial decision making, lenders may have to finally change their ways.
Nova Credit | April 12, 2022
Data, Sponsored

How data is helping B2B fintech lenders step up to address loan application fraud

  • Alternative data leads to predictive models for fintechs -- risk modeling, fraud detection, and lead scoring.
  • In the third part of this article series, we discuss how alternative data is a solution against loan application fraud.
Explorium | April 04, 2022
Data

Unlocking the value in consumer data: Klover CEO Brian Mandelbaum on making banking free

  • Klover leverages user data to offer free financial services to its customers.
  • Instead of relying on user fees, the firm drives revenue from its partner merchants.
Subboh Jaffery | March 25, 2022
Artificial Intelligence, Data

‘This year, banks will strive to balance two opposing forces’: The state of AI in banking 2022

  • AI developments in banking have so far been restricted mostly to back-end uses. This year, there is a desire among service providers to focus on innovating more for the front-end.
  • As AI becomes smarter and banks begin holding increasingly intimate data about their customers, the industry is expected to progress slowly and responsibly.
Subboh Jaffery | January 31, 2022
More Articles