VARUN MAGHNANI varun-maghnani | varun-magh
Senior Undergraduate | Department of Economic Sciences +91 6393575668 | maghnanivarun@gmail.com
ACADEMIC QUALIFICATIONS
Year Degree/Certificate Institute Performance
2020 - 2024 B. S. Indian Institute of Technology Kanpur 8/10
2019-20 CLASS XII (CBSE) Cathedral Senior Secondary School, Lucknow 93.8%
2017-18 CLASS X (CBSE) Cathedral Senior Secondary School, Lucknow 10/10
SCHOLASTIC ACHIEVEMENTS
• Recipient of Nita Goyal Scholarship, awarded to top 4% students for exceptional academic performance at IIT Kanpur (2023)
• Recipient of the K.N. Saluja Scholarship for two consecutive years, awarded to the best performer of the department (2020-21)
• Received Academic Excellence Award given to the Top 10% students for exceptional academic performance at IIT Kanpur (2021)
• Got shortlisted for interview round of OPJEMS scholarship awarded to top 3 students each across 43 institutes of importance (2021)
• Secured All India Rank 4230 in Joint Entrance Exam (JEE) Advanced 2020 among 0.2 million shortlisted candidates (2020)
• Secured All India Rank 5025 In Joint Entrance Exam (JEE) Main 2020 among 1.2 million candidates all over the country (2020)
• Awarded Certificate of Merit by Central Board of Secondary Education (CBSE) for excellent performance in X standard (2017)
PROFESSIONAL EXPERIENCE
Management consulting intern | EVERSANA May’23-Jul’23
• Offer an intricate assessment of R&D landscape for the Asian biotechnology market encompassing pivotal stakeholders
Objective
• Unveil nascent trends, cutting-edge technologies, and cross-country dynamics within Asian biotechnology R&D sector
• Analyzed 100+ publications to curate an exhaustive database on biotech enterprises in top 6 revenue-generating nations
Approach • Interviewed subject matter experts and C-suite executives, aiming to discern prevailing gaps in biotechnology industry
• Examined company datasets & pipeline assessments formulating industry-tailored case study & industry SWOT analysis
• Deduced strategy-related issues and growth opportunities for 3 major clients operating in biopharmaceutical industry
Impact
• Discovered 5+ potential clients and investment prospects for incumbent stakeholders within the biotechnology sector
KEY PROJECTS
Selling strategies in noisy information market | Prof Vasudha Jain | Dept. of Economics, IIT Kanpur Jan’23-Apr’23
• Explore equilibrium strategies in a tri-firm market with prior probabilistic states and noisy market research signals
Objective
• Analyze Bayesian update dynamics of market research across scenarios of joint, paired, individual, null research actions
• Employed backward induction, guided by principle of Nash equilibrium, to iteratively identify 15 probabilistic scenarios
Approach • Leveraged Bayesian probability concepts to quantify anticipated payoffs across the spectrum of all distinct scenarios
• Identified the presence of stable equilibria or instances of strategic deviations through comparative analysis of payoffs
• Consensus on one strategy with firm alignment, yielding absence of deviation incentives in case of null research action
Results
• Noisy signal precision dictates equilibrium shift from unanimous strategy to signal-driven strategy in all research cases
HMM for portfolio management with Mortgage-Backed Securities| Self-Project Nov’22-Dec’22
• Implemented a Hidden Markov Model for Mortgage-Backed Securities and gained understanding of the fundamentals of Markov Chains
• Utilized Baum-Welch algorithm for the estimation of parameters and Viterbi algorithm to predict the best fit hidden states within the model
• Predicted the economic trends and fluctuations of United States’ economy for the years 2007-2016 utilizing MBB and VMBS dataset
Econometric analysis on Fiscal Policy, Trade, and Growth in South Asia| Course Project: ECO342 Jan’23-Apr’23
• Studied 15+ papers examining fiscal policy’s effect on GDP and the causal relationship between trade & economic growth in 10+ countries
• Employed econometric techniques like ADF Test, cointegration test, ECM, and Granger causality test to analyze the concerned relationship
Proptech industry in India: NoBroker case study| Self-Project Sep’22-Oct’22
• Proposed a 3-tier solution to enhance NoBroker's value proposition, market positioning, and user engagement while reducing churn rates.
• Developed a revenue growth model with a projected CAGR of 44% in user retention, based on market size and user engagement patterns
POSITIONS OF RESPONSIBILITY
Secretary | English Literary Society, IITK Aug’21-May’22
• Planned and conducted various events like word games, open mic, creative writing, and anchoring events for the student body of IIT Kanpur
• Revamped and managed the club’s social media handles garnering a reach of about 1.5K+ alongside conducting various online workshops
Student Guide | Counselling Service, IITK Aug’21-May’22
• Guided and mentored a group of 6 freshmen both academically and emotionally throughout the duration of their stay at the institute
• Planned and facilitated in conducting bonding sessions for around 1100+ incoming freshers in the Orientation Program 2022
SKILLS AND COURSEWORK
Languages & Software: C, C++, R, Stata, MS Office | Mathematics: Real & Complex Analysis, Linear Algebra, Applied Probability & Statistics
Economics: Econometrics, Money and Banking, Macroeconomics | Programming: Introduction to Computing, Data Structures and Algorithms
EXTRA-CURRICULAR ACTIVITIES
Sports • Participated and won medals at the zonal level competitions organized by CBSE in both basketball and table-tennis
• Got selected as 1 of 11 emcees for fresher’s event and Antaragini, annual cultural fest of IITK with footfall of 130,000
Public Speaking
• Received felicitations at school level for exceptional performance in debates, elocution, story-telling and mono-acting
• Got selected among top 20 ideas in Ideathon of Startup Master Class 21 organized by Entrepreneurship Cell, IITK
Entrepreneurship
aiming to bring a feasible solution to existing problems of campus, especially for problems faced in Covid lockdown
