The Challenge

About the M3 Challenge

The Moody's Mega Math Challenge problem is an open-ended, applied math modeling problem focused on a real-world issue.  Moody's and SIAM are interested in improving the pipeline of young people going into applied mathematics, finance, and economics (among other subjects) and encourage students to participate in this contest as an educational process.

Prizes

Scholarship prizes total $125,000. The top six prize-winning teams receive scholarship awards ranging from $2,500 to $20,000, which are divided equally among team members and paid directly to the colleges or universities at which the winning students enroll. Semi-finalist and honorable mention winners (more than 50 awards) receive team prizes of $1,500 and $1,000, respectively.

Recognition

All students who submit a viable solution paper receive certificates of participation, which are mailed to their teacher-coach. Schools whose teams receive semi-finalist or honorable mention prizes are each awarded a plaque. The top six teams' schools are awarded trophies. Press releases are prepared on a regular basis and are distributed to appropriate media during and after the contest.

Judging

After all solution papers have been received, panels of mathematicians serving as triage judges read and score each solution paper. Each paper is read by a minimum of two and as many as five triage judges. During the second round of judging, a panel of mathematicians serving as contention judges calibrate the remaining papers, selects papers worthy of receiving semi-finalist and honorable mention team awards, and tentatively ranks the top six winning teams.

About the Moody's Foundation

The Moody's Foundation, a charitable foundation established by Moody's Corporation, is committed to supporting education, in particular the study of mathematics, finance and economics. The Foundation supports programs located in select metropolitan areas in the United States, the United Kingdom and elsewhere around the world.

About Siam

The Society for Industrial and Applied Mathematics (SIAM) is an international society of more than 14,000 individual members. The Society serves and advances the disciplines of applied mathematics and computational science by publishing a variety of books and prestigious peer-reviewed research journals, by conducting conferences, and by hosting activity groups in various areas of mathematics.