Financial Modeling World Cup

Description, competition format, and scoring FMWC is an annual Excel modeling competition. During the course of a season (January through November), competitors complete eight stages of modeling problems, and are allotted two hours over a 48-hour window to complete each stage. Each stage contains three case studies, one to five pages long, with multiple choice or fill-in questions at the end. Contrary to what the name suggests, not all case studies are financial modeling based; many are business modeling or data modeling based. Stage points are available for: • Task: Correctly solving questions on each case (points vary by question) • Time: Completing the stage early (10 points per minute, awarded only if the competitor has scored 900 task points) Each stage winner's score is normalized to 1,000 points, and the score of all other competitors are normalized accordingly. FMWC rankings and final standings are based on points scored across each competitor's top 6 stage scores (the bottom 2 stage scores are dropped). Format changes • 2020: The first of four FMWC stages started in September 2020. All stages contributed to the final standings. • 2021: The stage count increased to twelve. The bottom two stages for each competitor were dropped from the final standings. • 2022: The stage count decreased to eight. Case authors could not score a higher time bonus than any other player. Stage score normalization was introduced. The prize for top company was eliminated. • 2023: For each stage, case authors may not score more points than the best player playing full-time. • 2024: Case authors write cases for an entire stage and are automatically awarded 1,000 points for that stage. They can create cases for no more than 1 stage and are ineligible for prize money in the stage where their cases are used. • 2025: The FMWC Championship Ring is no longer awarded to the Financial Modeling World Cup Champion. Competition statistics Results == Microsoft Excel World Championship (MEWC) ==

2021 The MEWC began in 2021 as the FMWC Open, an Excel Esports tournament. The competition was a standalone event that did not impact the Financial Modeling World Cup rankings in regular seasons. Qualification rounds began on November 13, and continued into December. Andrew Ngai (now representing Australia), Anup Agarwal (India), and Michael Jarman (Canada) returned as quarterfinals qualifiers, and Harry Gross from the UK, Jason Moore from the US, Joseph Palisoc from the US, Sameer Jagetia from the US, and Tim Roberts from the UK also qualified. The final round, entitled "Knights and Warriors", had contestants, each representing a fictional nation, send fictional warriors to conquer each other. Ngai defeated Jarman 734–280, with a maximum of 1,000 points per side. 2025 The field size for the 2025 Microsoft Excel World Championship increased significantly, with spaces allowed for 256 competitors in the main draw. This includes qualified spots for: • 90 places: 10 players in each of 9 monthly Road to Las Vegas battles. For each battle, this includes: • 1 place for the best livestreamed player, • 7 places for the best non-livestreamed players, • 1 place for the best U-25 non-livestreamed (online) player, and • 1 place for the best 50+ (known as the "Masters" category) non-livestreamed player. • 16 places for the top-16 ranked Financial Modeling World Cup competitors, and • 150 places for qualifiers who qualify through the qualification round held on September 27. In addition, the organizers have implemented a seeding system, based on players' rankings in the Road to Las Vegas events. == Microsoft Excel Collegiate Challenge (MECC) ==

FMWC also holds other events (typically Excel esports battles). Some events have granted automatic qualification to the MEWC playoff rounds. Some events are livestreamed and can be viewed by the public. These events include (but are not limited to): ==Notes==