2018 ModelOff World Champion

Hometown Hero Takes Out the 2018 ModelOff World Championship

London – December 3, 2018

 

L-to-R: Marc Wiseman (2nd), Michael Jarman (1st) and Paul Dent (3rd)

In just his second year of competing in ModelOff, UK born Michael Jarman from Operis fought off strong competition to take home his first ModelOff Financial Modeling World Championship. Jarman’s superior speed and poise saw him edge out an all British podium which included Marc Wiseman who took second and Paul Dent who finished third.

 

This was the first year of a new format for the finals which saw the top 10 finishers, and top 6 ‘Rookies’ from the Online Rounds flown to London where the finals were hosted at Microsoft’s  Paddington Office. This new format meant that we were in for an exciting Finals Testing, and with 6 ‘Rookies’ in the mix, plus a number of ModelOff regulars who were inducted to the ModelOff Hall of Fame, the title of the World’s Best Modeler was wide open.

 

In addition to the Competition changes, the ModelOff Question Design Team also welcomed former ModelOff Competitors, and now Hall of Fame inductees Diarmuid Early (2014 Champion) and Michael Clarke (Third Place 2014). Michael and Diarmuid joined the long standing team of Dan Mayoh, Alex Gordon and Hilary Smart who work hard behind the scenes to put together the challenges for the best modelers in the world.

 

With the new Finals Format and Hall of Fame rules in place, the question on everyone’s mind was can a ‘Rookie’ stand up and take the thrown? Or will experience trump youthful enthusiasm? It turns out experience matters, with 2017 third place Finisher Jarman rising above the pack to take home the Golden Keyboard.

 

If we cast our minds back to 2017, Jarman was just an exciting young debutant Finalist and he surprised everyone by finishing third in a Competition stacked with some of the ModelOff greats. This year he proved 2017 was no fluke as he dominated from the online rounds right through to the Finals where he calmly worked through the challenge questions and took home the title.

 

A new age of Modeling, headbands are essential!

 

Like Michael Jarman last year, we also had a first time ModelOff Finalist on the podium this year with Marc Wiseman from The Wisemanagent Group finishing in second place. Despite being a first time finalist Marc has a history of competition and success, for example he has beaten the World Quizzing Champion in a quiz based on sports.

 

Completing the all British podium for 2018, was Paul Dent from Lewis Golden LLP. This was Paul’s second straight Finals experience having successfully made the Finals last year as well. However, not content with just making the Finals, Paul stepped it up a gear this year and ultimately claimed the Third and final spot on the podium.

 

In addition to the inclusion of the Top 6 ‘Rookies’ at the Finals, we also celebrated the Number #1 overall ‘Rookie’ who received the prestigious Simon Benninga Award. Named after a former ModelOff Judge who passed away in 2015, but was widely regarded as one of the “Fathers of Financial Modeling” whose books and lectures have inspired millions of Finance student across the world. This year it was awarded to New Zealander Jhett Koo who topped the scores for our ‘Rookies’ in 2018.

 

The 2018 ModelOff season saw a number of changes, with the Competition looking to embrace youth and participation across the two online rounds, and the Live Finals in London. We saw the inclusion of ‘Rookie’ spots in the Finals, as well as options to compete as a Team in the online rounds. We also honoured a number of ModelOff greats who were inducted into the ModelOff Hall of Fame. All these changes made for one of the most exciting ModelOff seasons to date, and we now have a new Champion who will carry the title of the World’s Best Modeler through to 2019!

2017 ModelOff World Champion

Alvin Woon Breaks Through to Win His First ModelOff World Championship

New York – December 5 2017

ModelOff veteran Alvin Woon from Bank of America Merrill Lynch has capped off a stellar year of competition taking home his first ModelOff Financial Modeling World Championship. Woon edged out Willem Gerritsen who took second and an impressive young debutant Michael Jarman from Operis who placed third.

This year’s final was held at Microsoft’s Times Square Office in New York, and brought together 16 of the best financial modelers from 10 countries around the world. In September, these Finalists battled their way through a field of thousands in two online qualification rounds, before being flown to New York this weekend to compete for right to call themselves the World’s Best.

The question on everyone’s mind heading into the weekend was can anyone beat two-time Champion Joseph Lau? That question was answered and it came as no surprise that it was Honk Kong’s Alvin Woon who de-throned Lau. As a former World Number #1 Ranked Modeler and four-time Finalist, Woon’s ModelOff credentials are world class with two third place finishes and a second-place finish, as well as being the first competitor ever to score perfect marks in an online round.

It was a breakthrough year for Woon who fought off strong competition early in the marathon 5-hours of finals testing, but ultimately ran away as a clear winner in the last challenge. The win sees Woon collect his first iconic Golden Keyboard as well as 10,000 dollars in prize money and the title of the 2017 ModelOff World Champion.

It was also a return to form for Willem Gerritsen who has now finished second twice in his ModelOff career. Gerritsen seemed relaxed and at home in the finals environment from the very beginning of the weekend. This confidence translated to composure and precision in the competition culminating in his second-place finish.

The Finals also saw the rise of a future superstar in 23-year old debutant Michael Jarman. Jarman had considered competing in ModelOff 2016, but a good brunch distracted him and he ran out of time to register for round 1. However, this year was a very different story; Jarman entered, he qualified, and he dominated taking third place in his very first year of ModelOff.

The 2017 ModelOff Season has come to a close, with a new Champion crowned and future stars uncovered. We now turn our attention to 2018; a new year and another chance for you to test your skills against the rest of the world – maybe you could Excel in ModelOff 2018?

 

ModelOff 2018 – REGISTER

ModelOff 2017 and it’s Top-104: By The Numbers

Congratulations to everyone who competed in this year’s Financial Modeling World Championships! Here’s a look at some of the numbers throughout the competition.

ModelOff 2017, Overall:

  • 3,000+ registered participants
  • 45% Students, 55% Professionals
  • Of the students, 62% are Postgraduate
  • 73% Male, 27% Female

Top 15 Most Represented Countries, Overall

  1. United States
  2. India
  3. Australia
  4. United Kingdom
  5. Canada
  6. Pakistan
  7. Hong Kong
  8. Singapore
  9. New Zealand
  10. Russia
  11. Germany
  12. China
  13. United Arab Emirates
  14. South Africa
  15. Latvia

The Top 100

We have compiled some stats from the top-100 performers from the two Online Rounds. With 5 competitors in equal-100th spot, we actually have 104 in this year’s top-100!
  • 4 Students, 100 Professionals
  • Mean score 159.7/230, 68.1%
  • Median score 154.5/230
  • Only 9 people scored 200 marks or more (83%)
  • The top score was 236/240
    • Including 7 bonus marks gained!
Mean Scores for the Top-104
Round 1
  • Overall – 86.7/120
  • Section 1 – 13.2/15
  • Section 2 – 25.2/30
  • Section 3 – 27.9/45
  • Section 4 – 20.2/30
Round 2
  • Overall – 72.9/120
  • Section 1 – 30.1/40
  • Section 2 – 24.1/45
  • Section 3 – 18.5/35

The ModelOff Finals event in New York will be taking place in just over 3 weeks time as a part of the ModelOff Global Training Camp. There, we will find out who will take home the title of ModelOff Financial Modeling World Champion for 2017.

 

Tickets to attend the ModelOff Financial Modeling Global Training Camp and Live Finals in New York is available at www.gtc.modeloff.com/newyork/#register. If you only wish to attend the Live Finals, you can register here and attend for free!

 

ModelOff 2017 Start Times

With the success of ModelOff 2016’s two-tier Start Time system, the 2017 Financial Modeling World Championship will again be hosted with at different times for Round 1 and Round 2. This will ensure that those who competed with less favourable time in Round 1 won’t have to do so in Round 2.

Note – The anchor time for ModelOff 2017 will be based on the New York City, where the Finals will be hosted this year.

Round 1
Saturday 23 September
New York City (EDT) 9am

Round 2
Saturday 7 October
New York City (EDT) 5pm

Excel Webinars by 2016 Finalist Philip Trick


After the success of his first Webinar for ModelOff, 2016 ModelOff World Championship Finalist Philip Trick will again be leading a webinar. This is a part of a series of Microsoft Excel webinars Philip has decided to host to share his insight about the program we all know and love. Apply Below!

Webinar 2: Using Get & Transform To Mix and Crunch Data
Date and Time
Tuesday September 26th
1pm EDT (New York, United States)

Webinar Access and Resources
Register your details here: https://attendee.gotowebinar.com/register/842073460262830339

Philip will be working through Energy Operations, a ModelOff 2013 question. You can download it at www.modeloff.com/questions

Executive Summary
The Get & Transform tool, formerly known as the PowerQuery add-in, comes fully packaged with Excel 2016. The tool incorporates a series of powerful data management features that can be used for quickly creating a variety of analytical tools. For this webinar, I will create a live solution to the ModelOff 2013 “Energy Operations” workbook nearly entirely with Get & Transform to demonstrate how you can create flexible and robust analytical tools.

As part of this webinar, each of the following topics will be quickly discussed and used to solve our problem.

1) Priming Data for Get & Transform
2) Combining Data with Merge
3) Cross-Joining Data
4) Pivoting Data
5) Using Support Queries to Create Functionality

Rather than focusing on how to use specific functions in detail, this webinar will demonstrate the power, speed, and ease of use the Get & Transform tool brings to users by quickly solving a problem. For those interested in more detailed learning at a more controlled pace, all participants will receive a coupon towards learning about the Get & Transform tool at a far more detailed level.

SaveSave

ModelOff & Ansarada Partnership

ModelOff is delighted to welcome ansarada as a new major Partner across the Financial Modeling World Championships and World Series of ModelOff Global Training Camps (GTC). The new Partnership celebrates ModelOff and ansarada’s commitment to nurturing the Finance community and growing tomorrow’s leaders.

“ansarada’s innovative nature pairs nicely with the forward-thinking nature ModelOff participants embody. They have used their data and insight from 20,000 deals to model out and build the world’s first deal AI engine that predicts bidder outcomes early in deals and are soon to launch a whole new material information platform to help advisors and companies get ready and prepared for success in all types of material events.” said ansarada founder Sam Riley.

ModelOff is extremely proud of ansarada’s achievements and rapidly growing presence around the world as a leading provider of software to support M&A and deal making professionals. Established in Australia, with offices in London, Frankfurt, The Netherlands, Johannesburg, Chicago, New York, San Francisco, Hong Kong and Singapore, ansarada adopts a customer-centric approach to product development.

“We respect and admire the focus ansarada has for innovation and finance” commented ModelOff founder Johann Odou. “Their willingness to go beyond the current thinking and in search of where the industry in going next is one of the things that makes ansarada such an exciting organisation”, says Odou.

ModelOff looks forward to working with ansarada’s dynamic team to deliver the World Series of ModelOff GTCs as well as the 2017 Financial Modeling World Championship. The World Series of GTCs for 2017 will be held in the following cities: Sydney, London, San Francisco, New York, Hong Kong and Toronto. ModelOff also welcomes back New York to host the finals for the 2017 ModelOff Financial ModelOff World Championship.

ModelOff Round 1 kicks off September 23rd 2017 and registrations are still open at www.modeloff.com.

 

Johann Odou

Founder – ModelOff

johann@modeloff.com

www.modeloff.com

 

Sam Riley

Chief Executive Officer – ansarada

www.ansarda.com

 

Creating an environment of success for women in finance and technology: 9 amazing women share their stories

It is not a secret that there is a lack of gender diversity in the finance and technology workforce. This lack of diversity is obvious to even a casual observer despite recent efforts to engage more women in educational and career pathways within the finance and technology fields.

In operating across these industries, we’ve had the privilege of working alongside many highly successful women in the finance and technology sectors. These women are the wonderful role-models for any woman who wants to succeed in these competitive but rewarding industries. We have taken the time to chat with several of these women to uncover their stories and identify what they see as the most important learnings from their own careers and what they think still needs to happen to improve gender diversity in the workplaces.

Natalie Bayfield
Lecturer, MPhil Real Estate Finance, University of Cambridge
Chairwomen, Bayfield Training

What’s the number one attribute that helped you get where you are in your career?
“Drive. It’s an innate thing and I don’t know where it comes from. If I did, I would probably look for another way of satisfying it, other than running a company. Starting and running a business isn’t easy. You must maintain faith and believe in what you are doing every step of the way.”

What are the top three things organisations can do to support women’s progress in the workforce?
“Always make sure women are represented, in almost everything the company does… The more they are represented more women will learn the confidence to put themselves forward and, I believe, the issue will then eventually begin to fix itself.”

“Actively encourage Dad’s to go their kid’s sports day, even if it’s in the afternoon. They want to go; they just need permission sometimes to value their family above work. Men are victims of cultural legacies as well as women and you can’t fix it for one gender and not the other.”

“Make sure women have the same access to training. In 20 years, I have literally taught tens-of-thousands of delegates and students around the world… A very optimistic estimate of my audience overall is 20 per cent women… It’s hardly surprising that there are not more women financial modellers if they’re not being trained.”

It is often said that men and women have different leadership styles. What has been your experience?
“I don’t agree with this. Leadership is leadership. However, I do think men and women work differently… Leadership on the other hand is all about confidence and vision. Gender is irrelevant. Think of any woman you admire. If she started championing a cause you cared deeply about, would you follow her?”


Maria Shevchenko
Senior Level Data and Analytics Executive at S&P Global Marketing Intelligence
Vice President, EMEA Investment Banking Product & Market Development

What’s the number one attribute that helped you get where you are in your career?
“I believe it was staying true to myself and dedication. I knew that I wanted to succeed in my life (or at least to try to) and I realised fairly early that the only way I could do it is by being myself.”

“I am a woman and I act like one irrespective of the industry I work in. This does not mean that I am lesser in any way but it does mean that I am different… know I can bring a lot to the table, I am smart, I am dedicated and I truly believe that diverse opinions lead to better outcomes.”

What are the top three challenges you have had to overcome to achieve success in your career? And how did you overcome them?
“Being seen equal to men… I am as knowledgeable, hardworking, quick to pick things up as they are. I am not perfect but I am equal.  The only way I have been able to overcome this challenge is by quality of my work and the expertise I bring to the table.”

“Doubting in my own abilities – thus limiting my own progress…I realised that I am setting my own limitations at work by being more cautious, humble, risk averse… I had to dig deeper to acknowledge this and then to actively change it.”

It is often said that men and women have different leadership styles. What has been your experience?
“Yes I would agree with this statement. In my experience, I see the difference. While many attributes are the same, I find that we women are much more empathetic and risk averse. We tend to spend a little more time on the people factor… Decision-wise, I have noticed that we typically think things through, especially when dealing with more complex situations to ensure that we are taking decisions rationally based on facts and not emotions.”


Danielle Stein Fairhurst
Principal, Financial Modelling Specialist at Plum Solutions

What are the top three challenges you have had to overcome to achieve success in your career? And how did you overcome them?
“Working with multiple clients… Managing my workflow can be a huge challenge and prioritising is something I’ve had to become good at over the past few years.”

“I wouldn’t call my beautiful children “challenges” by any stretch, but fitting my work around my home life was always a really big motivator for me in starting the business. It was tricky at first because I’ve always done a lot of travelling which I absolutely love – but somehow we make it work and I wouldn’t have it any other way!”

What are the top three things organisations can do to support women’s progress in the workforce?
“Many women opt out of the workforce entirely because of this whole “all or nothing” approach to maternity leave and going back to work… When it’s time to go back, most women (understandably) aren’t prepared to go back to the crazy hours they were doing before and they feel they have no choice but to quit entirely. If companies can somehow make it acceptable to transition to fewer hours, it will allow more parents to feel they have a choice, so keeping them in the workforce.”

“In banking, in particular, this culture of long hours, sending emails at crazy hours or sleeping under the desk as a badge of honour is enough to make many women run a mile. I’m a big fan of hard work, and putting in the hours is certainly a great way to get ahead which is fine for a short time in your life but this kind of behaviour should not become so ingrained in the culture that parents feel they have no place in the organisation. Fortunately, this is starting to change and I see many managers setting a great example for their staff by leaving the office at a reasonable hour.”

“Companies can promote equality by supporting both men and women in the workplace by setting an expectation that new fathers take equal time off work as new mothers. If the mother returns to work, it should be expected and completely normal that the father takes some time off or works reduced hours to support the transition. And it’s totally ok for them to work part-time – same as it is for women!”

What is the best advice you would give to a female entering the workforce today in your industry? 
“I’d give the same advice to any financial modeller starting out, whether they are male or female… Speak out! If you’re in a meeting and you can contribute in any way, then speak up and make your presence known. The corporate world (in fact our western society as a whole) rewards those with extroverted tendencies and financial modellers are often detail-orientated people who tend, in general, to be more reticent… If you’re new to the company and a little unsure of yourself then I know you’d probably much rather sit in the corner and talk to your Excel formulae, but getting out there and having your voice heard is an important career move.”


Marta Izquierdo
Director of Public Affairs and Institutional Relations – Europe at U-TAD, Ilion Animation Studios and Pyro Mobile

What’s the number one attribute that helped you get where you are in your career?
“Initiative, constancy and self-education. I know these are three attributes but by having initiative is how I went for the other two… Having initiative will make you become someone that is not afraid of leaving the “comfortable zone” where we all love to stay, and learn a lot.”

What are the top three challenges you have had to overcome to achieve success in your career? And how did you overcome them?
“My biggest challenge was to fund my own business, and after 10 years, close it having to change completely my professional orientation. I started in the audio-visual sector, producing TV documentaries, advertisements and multiplatform solutions… With the Spanish crisis, we closed and I had to reorient my life – with initiative and self-confidence in my abilities as a manager, good communicator, and being able to acquire new knowledge by myself. I started to manage a cluster of companies in the audio-visual and digital sector and began a very interesting career that introduced me to the digital and high tech/innovation world in a role is normally occupied by men.”

It is often said that men and women have different leadership styles. What has been your experience?
“I really think it depends on the person not on the gender, but I believe women are more open to what their team says.”


Olga Bennet
Financial Modelling Analyst at Transport for London

What are the top three things organisations can do to support women’s progress in the workforce?
“Leading by example and setting a culture where every idea is judged on its merit, not its source.”

“Supporting part-time and flexible working for a time can be an absolute life-line for women staying in work and progressing their career.”

“Mixed interview panels have been proven to even out unconscious bias and correct the ratio of men to women.”

What is the best advice you would give to a female entering the workforce today in your industry? 
“This is going to sound anti-feminist, but if we want our ideas to do the talking, we need to take away any barriers that people may have in considering our ideas at face value. If you want to be taken seriously, consciously consider and manage your image – the way you dress, the way you speak, the time you get to the office, the ‘trivial’ topics of conversation at the water fountains all make a bigger difference than you might think and pave the way for your ideas to be taken seriously (or not). And know your stuff!”


Dr. Felienne Hermans
Assistant Professor at Delft University of Technology
Organizer of Joy of Coding
Founder of Infotron BV

What’s the number one attribute that helped you get where you are in your career?
“Enthusiasm!”

What are the top three things organisations can do to support women’s progress in the workforce?
“Diversity “scan”: hire a professional to see how well you are doing.”

“Inclusiveness training.”

“Promote/hire based on clear checklists and not gut feeling or potential; there are bias traps!”


Hilary Smart
Manager at Operis
2013 Financial Modeling World Champion (www.modeloff.com)

What’s the number one attribute that helped you get where you are in your career?
“Technical capability – I studied mathematics at university and without a strong numerical background I wouldn’t have got off the ground.  Having said this, as I have become more senior other (more traditionally “feminine”) attributes have become increasingly important, such as the ability to juggle multiple projects and the emotional intelligence to deal well with more junior employees and clients.”

What are the top three challenges you have had to overcome to achieve success in your career? And how did you overcome them?
“I have a tendency to underestimate and/or understate my capabilities. Winning a world championship has helped to cure me of this (a little!).”

What are the top three things organisations can do to support women’s progress in the workforce?
“Try to recognise any institutional biases (e.g. old boys’ networks, tendency to hire people who “fit in” (where this is code for “the same as people we already have”)) and correct for these as much as possible.”

“Provide good support for both men and women who are parents.  Be open to flexible working arrangements, particularly for the few years when individuals are parenting young children and might otherwise withdraw from the workforce.”

“Help to mentor women who show potential (perhaps whilst still at university, if this is possible.)”


Tiki Cheung
Vice President, Valuations & Business Modelling at EY

What are the top three challenges you have had to overcome to achieve success in your career? And how did you overcome them?
“Self-doubt – wondering whether I am really capable of achieving my goals or if I’m even qualified to do so… I have learned to accept that I don’t need to be perfect or completely ready before I take on a new challenge or role – overcoming the uncertainty makes accomplishing a goal that much more rewarding.”

“Trying to please everyone – early on in my career I found it very difficult to say no to requests at work and would spread myself too thin… I tried to be more open and candid with the people I worked with regarding my workload and commitments. I realized there are often simple solutions that are being overlooked and that others can be quite flexible when you try to speak up and ask for what you really need.”

“Not asking for things – When there were interesting assignments, I used to hope that the engagement manager would just inherently know that I wanted to work on a file or that I was very qualified to lead the project. A mentor of mine challenged me to say no to things that I had done for years and to seek out new opportunities that would allow me to grow and gain experience. I realized that, while I may not just have work handed to me, there’s still absolutely no harm in asking. This way, at least someone knows you’re keen and interested, and will remember that the next time an opportunity comes up.”

What is the best advice you would give to a female entering the workforce today in your industry?
“Get involved – organizations often have committees and programs that offer women the opportunity to build leadership skills and make valuable connections to expand both internal and external networks.”


Emilie Ferrieu
Senior Associate, Business Modelling Services at PwC

What are the top three challenges you have had to overcome to achieve success in your career? And how did you overcome them?
“Learning to manage expectations and drawing the line with the demands of bosses and fellow co-workers. In my industry, work never stops and there is always something to do so it is important to speak up and set your own terms to prevent frustration or burnout… actively communicate and set realistic and attainable goals that lead to better outcomes and satisfied bosses.”

“Earning credibility was also difficult as a female in a predominantly male industry… leaders will often first consider the employees who are most like them for career-advancing opportunities instead of objectively recognizing work quality. I understand this reality, but have earned my credibility over time through my hard work as well as actively working to find common ground with the people with whom I work.”

What is the best advice you would give to a female entering the workforce today in your industry? 
“To not be afraid to ask for what you want and be assertive. Whether you would like more responsibilities, to be promoted, or get a raise, don’t just assume you will automatically get it because you have been working hard. It takes a while to prove yourself but it is your responsibility to be vocal about what you think you deserve. Be confident in your abilities and keep your expectations clear to everyone.”

In summary, it is hard not to notice that many of these successful women highlight the importance of speaking out, of making themselves known within their organisations. Even though this was often personally challenging to these women, they nevertheless viewed it as essential to overcome what they perceived to be ingrained gender biases that favoured the status quo. They talked about asking for things, speaking up in meetings and showing you are keen rather than assuming that hard work and technical ability will be enough to deliver success. What was perhaps surprising is that so many women highlighted the importance of organisations supporting both men and women to be effective in the parenting role, particularly when children are young, as a means of keeping good minds in the workforce. Many of these women had not personally solved the thorny issue of work-life balance but it is encouraging to see these successful women speak out against the unrealistic hours and culture that continue to persist in some sections of the finance and technology sectors.

ModelOff 2017 Finals heading back to New York

Thursday 8th December 2016
Professional Services Champions League (PSCL) is pleased to announce that the Top 16 Finals of the 2017 Financial Modeling World Championship will return to the host city of New York City USA in early-December 2017. This will be the 6th world championship finals event in 2017, the world’s largest competition for Finance, Accounting, Advanced Excel and Investment professionals.

The ModelOff team would like to thank all supporters from the United Kingdom and Europe over the past two years, particularly the CFA Institute UK and Institute of Chartered Accountants in England and Wales (ICAEW) who have greatly supported the growth of the ModelOff in the United Kingdom in 2015 and 2016 among Finance, Accounting, Banking and Investment communities. Registrations are now open for ModelOff Championships 2017 >>

Global Training Camps 2017
Spots are now available to the highly-popular ModelOff Global Training Camps for 2017. You can also email info@modeloff.com with any questions or for group discounts for 3 or more attendees.

Host cities will be :
– Hong Kong and San Francisco ( First Half of 2017)
– Sydney, London, Toronto and New York (Second Half of 2017)

You can pre-register for 2017 ModelOff GTCs at www.gtc.modeloff.com.

Joseph Lau Wins Second Consecutive ModelOff World Championship

In a repeat of last year, Joseph Lau from the Commonwealth Bank of Australia has won the 2016 Financial Modelling World Championship, followed closely by Diarmud Early from Deutsche Bank in second place and Peter Suen from StepStone in third. This year’s London Finals brought together 19 of the best financial modelers from around the world who had battled their way through to the final from a field of thousands in the earlier online qualification rounds. Victory once again ensures Lau retains the iconic Golden Keyboard and picks up another £10,000 in prize money in 2016.

Diarmud Early (2nd Place), Joseph Lau (2016 World Champion) and Peter Suen (3rd Place)
Diarmud Early (2nd Place), Joseph Lau (2016 World Champion) and Peter Suen (3rd Place).

This was Lau’s third finals appearance and his second consecutive title, making him the first repeat champion in ModelOff’s history. The win did not come easily though with the likes of Diarmud Early pushing Lau throughout the 5 hours of rigorous testing. However, it was Lau’s experience and calmness under pressure that finally prevailed as he scored the equal highest marks in the last 2-hour challenge and edged out Diarmud by just 3% on the final scorecard.

A lot was said last year about Lau winning the title at the age of 43 and it had even earned him the nick-name of ‘The Fine Wine’ because he just keeps getting better with age. As it turns out 44 years old (2016) is also a good vintage for ‘The Fine Wine’ Lau and he is showing no signs of slowing down with his eyes now firmly set on the 2017 World Championships.

photos

Overall, the finalists agreed that this year’s testing was some of the most challenging that the ModelOff competition has produced. It was also the first time that time zone changes had been considered for the online qualifying rounds in attempt to even out the field and challenge the competitors. The Question Design Team of Dan Mayoh, Alex Gordon and Hilary Smart also looked to push the finalists by pressuring them with tight time deadlines during the finals to make them work both hard, and fast. However, despite these new challenges, the ‘champ’ prevailed and created history by winning back-to-back Financial Modelling World Championships.

A big thank you to everyone who supported the competition this year. Especially Intralinks, S&P Global, PwC and the whole product team at Microsoft Excel.

modeloff-partners

ModelOff 2016 Analysis: Round 2 Section 3

pscl_competitions_modeloff7

As ModelOff continually strives to improve competitor experience, in 2016 we have decided to release answer analysis for the Online Rounds. The answer analysis outlines the percentage of correct answers amongst the competition as a whole, GoldClass (top 10% competitors) and the 20 Finalists.
(*Note: Non-attempts at the question are considered incorrect answers)

So far, we have released three Case Study Questions from the 2016 Online Rounds; Chip Off The Old Block and Roll The Dice from Round 1, as well as Tally Up from Round 2.
Download the Case Study Questions here >>

Below is the answer analysis for Tally Up, we hope that this gives valuable insight into the performances of various groups within ModelOff, and a standard for which to measure your improvement against. We will be releasing further answer analysis in the coming days along with other Case Study Questions from the 2016 Competition.

Answer Breakdown Guide – ‘Tally Up’, Round 2 Section 3

mo16-r2s3