ModelOff is an innovative and challenging annual global online competition for professionals and students to develop and test their financial modeling skills against friends, colleagues and top modelers worldwide. Competitors undertake two Online Qualification Rounds before the World’s Top 15 Professionals and Rookies advance to a Live Finals Event held in New York or London.
One of ModelOff’s key values is that the competition should be accessible to “ANYONE, ANYWHERE”, especially given its focus on education and professional development. There are no limits to participating in ModelOff – any professional or student can compete. The only thing to consider is whether you fall into the Professional or Rookie category.
Rounds 1 and 2 of ModelOff will both be two-hour online contests held simultaneously around the world. Competitors will 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. Students and Professionals sit the exact same questions.
Case Studies may relate to topics such as Discounted Cash Flow Modeling (DCF) as well as Practical, Theory and Excel related problems. Participants compete individually, so all you need is a computer, internet connection and a copy of Excel. We encourage you to use the latest Microsoft Excel version throughout the competition.
Round 2 will be similarly structured to Round 1, but with even more challenging questions.
In preparing for ModelOff you might wish to try our range of Past Questions and Worked Solutions. At the same time, it’s important to note that you don’t need to study for ModelOff as such. Many competitors are already professionals who model on a daily basis (for many long hours!). We encourage you to brush up a little on the areas where you think there are some gaps. If you are looking to study for ModelOff, we highly recommend completing the past questions.
Round 1 will be held online on November 23rd at 2pm GMT, 2019, simultaneously around the world. The exam is open for 24 hours.
Round 2 will be held online, also simultaneously worldwide, on December 7th, 2019.
Round 2 will open at 2pm GMT and then close 3 hours later at 5pm GMT. This is the only time which you have to attempt the round wherever you are in the world.
ModelOff 2019 will culminate in a World Finals Event held in London, UK. The Top 15 competitors from Rounds 1 and 2 will be flown from across the globe to London to battle in front of world-class judges and will be set a variety of challenges testing Innovation, Speed, Data and Risk understanding, Best Practice Modeling Theory and more. From here we will crown the 2019 Financial Modeling World Champion.
2019 is the 8th Financial Modeling World Championship event. In its inaugural year, 2012, ModelOff was won by Alex Gordon from Wellington, NZ (PwC). The 2013 Champion is Hilary Smart from London, UK (Operis) and the 2014 Champion is Diarmuid Early from Ireland (Deutsche Bank). The reigning World Champion from 2015 is Joseph Lau from Australia (Commonwealth Bank).