PRESS RELEASE: Hong Kong banker Alvin Woon breaks international Financial Modeling record

ModelOff

ModelOff is pleased to announce that Hong Kong’s Alvin Woon has achieved a perfect score in the first round of the 2015 ModelOff Financial Modeling World Championships. This is a first-ever for ModelOff – the world’s largest professional competition for Microsoft Excel, Financial Analysis, Investment Analysis and Financial Modeling.

Woon – a Bank of America Merrill Lynch Analyst – squared off against 4000 hopefuls from around the world in Round 1 of the competition, which comprised of 3 case studies and a multiple choice segment over a strict 2-hour window. He reached the score of 120 out of of a possible 120 across the 4 sections, with the next highest score being 119. There were only 3 scores above 110 across the competition. Alvin will now progress to Round 2 along with other top performers from Round 1.

This year, the top-16 Finalists from Round 2 will be invited to London in December to compete in the ModelOff Financial Modeling Finals and attend the ModelOff Microsoft Excel Global Training Camp. “After his result last year, I knew he was going to start with a strong result. Alvin’s 100% score is very impressive, but I’m not surprised at all, I think he is a huge chance to make it to London and be the World Champion.” said Alex Gordon, ModelOff question designer and ModelOff 2012 Champion.

As the current number 4 in the ModelOff World Rankings and the Runners-Up at ModelOff 2014 Finals in New York City, Alvin will undoubtedly be vying for the top prize in 2015 as well as the Number 1 spot in the World Rankings.

The ModelOff team wishes Alvin all the best for the remainder of this year’s competition.

A Day in the Life of a ModelOff Contestant: Getting Stronger

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This excerpt from Tony Hill’s recount of his experience with ModelOff was originally published by our friends from Intralinks, read the full post here

Every fall, sports fans near and far greet the arrival of our nation’s favorite game, a sensational spectacle of epic, gladiatorial proportions that blends strategy, speed, stamina, dexterity, emotion, and heart-pumping adrenaline. With eager anticipation, fans study up on the game’s latest developments, players, and rule changes. At the office, it dominates water cooler scuttlebutt and, when no one is looking, fans even practice their moves, dreaming of the day that they too might strut their stuff on the championship stage. The spectacle I’m referencing, of course, is ModelOff. For me, this is no daydream — for I am an official, registered contestant (gulp!).

For the uninitiated, ModelOff is the world’s largest professional competition for Microsoft® Excel, financial analysis, investment analysis, and financial modeling. The global online competition attracts 4,000+ leading professionals and university students from more than 110 countries working across finance, banking, accounting, insurance, actuarial, engineering, consulting, and other quantitative disciplines.

This year, Round 1 of the 4th Annual Financial Modeling World Championships — which happens to coincide with the 30-year anniversary of Excel — kicks off on Saturday, October 17. This gives me just under two weeks to chisel my mind and body into a paragon of Excel mastery. There’s just one problem: With more tools than ever actually replacing the need for Excel — like Intralinks Dealnexus®, Intralinks Dealmanager®, and Intralinks VIA®, to name a few of our own offerings (full disclosure: yes, I work for Intralinks, Inc.) — my Excel muscles have atrophied quite a bit since my investment banking days. But, come on, how hard could this really be, right? I give myself a puncher’s chance.

Ready for the ModelOff XL Smackdown?

Original post courtesy of our friends from Intralinks, read the full blog here

It’s that time of year again — time for the world’s top financial modelers to unite for this year’s Financial Modeling World Championship competition, ModelOff.

That’s right. ModelOff is back, and the industry’s best financial professionals and students from all over the world are getting ready to put their financial modeling skills to the ultimate test.

For the second year, Intralinks is proud to partner with the Professional Services Champions League (PSCL) to sponsor this innovative competition. “Financial modeling and the use of excel are core to the M&A process and as such we are thrilled to be part of this exciting competition, said Matt Porzio, vice president of strategy and product marketing. “As many of our Intralinks Dealspace® users will compete globally this year, the partnership with ModelOff allows us to further engage the dealmaking community beyond improving and accelerating execution.”

In 2014, ModelOff attracted over 4,000 entries from more than 100 countries. Using their modeling speed, innovation, data and risk understanding skills, entrants competed for the grand prize and prestige of being known as the world’s best financial modeler. Last year, Deutsche Bank’s Diarmuid “The Diamond” Early took home the grand prize and title of ModelOff champion.

This year we’re expecting over 5,000 entries. Who will be the reigning victor?

Excel 2016: Breaking New Ground

With the launch of Office 2016 for Windows, Microsoft has released one of the most exciting Excel updates ever.

Excel 3D Maps

Some key inclusions for Excel 2016:

  • For the first time since 1998, Microsoft has introduced new charts to Excel. Tree Map, Waterfall and Histogram have been added to the Excel arsenal, and now users can find even more ways to best represent their data.
  • To help make data analysis easier, Excel 2016 also introduces Get & Transform, which allows users to connect, combine and refine data sources. These features were previously seen in the Power Query Add-In for previous versions of Excel, but are now built into the powerful new Excel.
  • The new one-click forecasting feature in Excel 2016 builds on the same concept of simplifying data visualization for users. Through the use of colors and icons, trends and patterns of important values in the data can now be highlighted with just one click.
  • There is now full compatibility with cloud computing platforms OneDrive and Sharepoint, along with integration of Microsoft’s Data Loss Prevention, which has been expanded beyond Outlook in recognition of data security needs outside of just mail data.

Want to learn more? Check out the Excel 2016 Overview and Microsoft’s Excel User Voice feedback site for additional articles, demo files and training videos.

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