Hilary Smart – Operis (London, UK)

2013 Financial Modeling World Champion


2nd Place: Alex Gordon (PwC)
3rd Place: Alvin Woon (Bank of America Merrill Lynch)

Top-ranked Postgraduate Student: Leontios Toumpouris (Harvard University)
Top-ranked Undergraduate Student: David Loong (University of Melbourne)

The ansarada Finals Group Challenge was won by Team Australia/NZ:
Alex Gordon – PwC
John Lim – Grant Thornton
Michael Clarke – PwC
Peter Suen – CEFC

2013 New York Finals

2013 Finals

See more photos from the 2013 ModelOff Live Finals on our Facebook page.

For a detailed report of the 2013 ModelOff Live Finals, check out our blog.

Pre-Registrations for ModelOff 2014 NOW OPEN

If you want to be part of ModelOff 2014, you can now Pre-Register. You’ll receive up-to-date competition news, blog posts and useful resources to help your preparation.

Online Case Study Style Questions
October 25, 2014 – 5pm New York Time

Online Case Study Style Questions
November 8, 2014 – 5pm New York Time

Live Judged Event in New York
December 6-7, 2014

Past ModelOff Questions

Example Questions and Answers from ModelOff 2012 and 2013 are now available. We hope that these help with your learning and inspire you to take your Financial Modeling to the next level.


ModelOff is a fun, innovative and professional competition for students and professionals to develop and test their financial modeling skills against their friends, colleagues and top modelers from around the world. Participants from over 100 countries progress through two Online Qualification Rounds with a Live Finals Event held in New York. Find out more >>

How ModelOff Works

ModelOff competitors will first battle it out in Round 1, a 2 hour online contest held simultaniously around the world. This will be require you to work through a number of case studies, each consisting of a variety of multiple choice questions. Some Case Studies may require you to build a Financial Model in order to answer the questions.

Case Studies may relate to topics such as Discounted Cash Flow Modeling (DCF) as well as Practical, Theory and Excel related problems (for more info see the ModelOff Framework). Round 1 will be conducted completely online and participants will compete individually, so all you need is a computer, internet connection and a copy of Excel. We encourage you to use the latest Microsoft 2010 Excel version throughout the competition.

Top competitors will then progress to Round 2. This will be structured very similar to Round 1, but with more challenging questions, so you better bring your A-Game!

ModelOff will culminate in a Live Finals Event held in the spiritual home of Financial Modeling, New York City. The Top 16 Finalists will be flown to New York to do battle in front of 3 global judges and will be set a variety of challenges testing Innovation, Speed, Data and Risk understanding, Best Practice Modeling Theory and more.


The prize pool for ModelOff 2014 will include cash, interviews with leading global Financial Institutions, product giveaways and more.


In 2013, the prize categories included:
  • Financial Modeling World Champion 1st Place ($30,000)
  • Financial Modeling World Champion 2nd Place ($10,000)
  • Financial Modeling World Champion 3rd Place ($5,000)
  • Post Graduate Student Champion (i.e. Masters, Doctorial)
  • Undergraduate Student Champion (i.e. Bachelors)
  • Top 16 Finalists will be flown to New York for the Finals

ModelOff Finals Judges

The ModelOff Finals in New York will be presided over by three of the world’s leading authorities on Finance, Financial Modeling and Excel.

International Author and Professor

Head Americas Modeling – S&P Capital IQ

Excel Expert – Microsoft MVP

ModelOff 2013 Question Design Team

ModelOff draws upon the expertise of some of the World’s Best Financial Modelers to design and construct the questions used in The Financial Modeling World Championships. Take a closer look at some of the contributors here.

Major Partners

Community Partners