Attention Excel Enthusiasts! Something to whet your appetite.
John Persico of ModelOff has asked me to announce the upcoming Excel Modeling World Championships for 2014.
In John words,
Invitation to the Excel Modeling World Championships 2014
We’d like to invite the Excep Tips community to the annual Excel and Financial Modeling World Championship 2014 Event (ModelOff, www.modeloff.com). The Advanced Excel educational competition helps celebrate Excel in Financial Services. The fun, challenging and innovative competition has a mission to inspire skill development with Microsoft Excel, Financial Modeling and Financial Analysis which is central to global businesses and communities. The competition showcases some of the fastest, hard-working and talented Excel minds from 100+ countries. Round 1 starts on 25th October 2014 (8 weeks away)
Summary of Event
Over 3,000 participants competed in the ModelOff 2013 event. Major Global Partners and Sponsors are: Microsoft, Intralinks, S&P Capital IQ, Kaplan Education, Bloomberg, AMT Training, Corality and Ernst & Young. Participants come from diverse companies and jobs – such as Analysts, Associates and Managers at Investment Firms and Accounting Firms, CFOs, Analytics Professionals, In-House Excel/VBA Gurus and Consultants with a shared passion for Microsoft Excel and Finance. Students comprise ~35% of all entrants worldwide – most studying Commerce, Accounting, Finance and Masters university qualifications. The countries most represented have typically been: United States, UK, Poland, Russia, Canada, Australia, India and Hong Kong. Female participation is ~20% of all competitors - hopefully higher this year (the reigning champion is Hilary Smart 26yo from London).
Entire competition completed in Excel. Top 16 Flown to New York in December 2014. Winner receives $30,000 cash, 3000+ participants. Example questions here.
How It Works
The ModelOff competition involves two online qualification rounds (2 hours each) conducted simultaneously around the world. The Top 16 performers are flown to New York for the Live Finals at the offices of Microsoft and Bloomberg in early December 2014. Questions are mostly case study and multiple choice format – with some ranging from a basic understanding of discounted cash flow (DCF) analysis, 3-way integrated cash flow models to more complex project finance and simulation techniques. Some basic Accounting, Finance and Excel knowledge is likely needed to progress to Round 2.
Free Training and Preparation
All past questions and tests from ModelOff 2012 and 2013 are free and available on the ModelOff website. The organizers believe in accessible excellence and this can be a great starting point for anyone looking to become involved for the first time and improve their Advanced Excel skills in Financial Services and Financial Modeling. We actively encourage all participants to visit all our community partners, bloggers, our major global sponsors during and following the event for their own learning, mentoring and professional development. Competitors in the Top 10% of ModelOff 2014 will be eligible for exciting local and international opportunities, offers from community partners and fun learning experiences (e.g. Trips to Microsoft Excel in Redmond). We're also hosting free networking events in major Financial Centres including Hong Kong, London, Sydney, New York and Regional Meetups in the coming months for anyone interested in networking and mentoring with Excel-users in their local cities. Entry to the competition is $20 for students and $30 for professionals.
If this sounds like something you are interested in, I say go for it. I sincerely wish you the best of luck if you enter. (Hey, let me know if you win though!)