The battle of B-brains is shifting from placement pay packets to notional gains this season as the cream of the IIM crop gears up to fight it out in a simulated financial market environment.
Come February 14, a team of 10 each from the top three B-schools in the country — IIM Ahmedabad, Bangalore and Calcutta — will be at the National Stock Exchange (NSE) in Mumbai to outperform each other by maximising notional gains through investments in the fickle world of financial instruments.
“The winner will be flown to Amsterdam for the global finals of the Traders Trophy, where winners of such competitions in 14 other countries will assemble and compete with each other,” said Pieter Ris, the commercial director of Oxyor, which is conducting the event in partnership with Religare Capital Markets and the NSE.
Headquartered in Amsterdam, Oxyor provides learning about the complexities of the financial markets and has been organising the Traders Trophy since 2008 to select the best student trader of the year from campuses across the globe. This is the first time that Oxyor has opened its doors to competitors from India.
During the competition, the participants are put in a virtual trading room with access to news, phone lines and graphs of the traded securities. The students, who don the hat of fund managers, are then evaluated through a multi-factor metric, including profitability, market awareness, client servicing and risk management.
“An entire day’s window will be compressed into an hour and students will be judged on the basis of their performance in one security during the prelims and three securities during the finals,” said Ris.
Such management games form an integral part of management education across the IIM campuses. “The challenge is, however, bigger in a competition like the Traders Trophy,” said Amit Ambre, the president of the finance club of IIM Calcutta.
The prelims in Ahmedabad and Bangalore are over, while the Joka campus will hold its screening on Saturday. The Joka campus is known for “fin funda”, or strong fundamentals in the field of finance.