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ALL-STAR BATTLE: EXCEL ESPORTS
Watch the best of the best in action!
Watch on YouTube
Next Stage: July 22-25
Two Sessions - July 22-23 & July 24-25
Everybody can participate!
Competition Format
$25,000 Prize Fund
Cash prizes for top participants after each Stage. Grand prize at the end of the Season.
Prize Money Breakdown
Transparent Ratings
Where do you rank among the world's best modelers?
See Rankings
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Learn

Improve your financial modeling skills. Learn M&A, Valuations, CorpFin and other aspects of financial modeling. We will provide sample solutions to the World Cup cases after each stage.

Train

Some of the World Cup cases will cover body of knowledge of different designations. Take part in the World Cup to train for AFM, CFM or other exams under time-pressure!

Compete

Transparent World Rankings for various age groups and regions. Become the World's #1 financial modeler! Challenge yourself and compete for the $25,000 prize fund.

What is FMWC?

Financial Modeling World Cup is a leading financial modeling competition for everyone interested in finance. Participants solve real-life case studies by building financial models in Microsoft Excel.

$25,000 Prize Fund

The prize fund is split among various categories - worldwide, regional leaders, age group winners, etc.

Transparent Ratings

Benchmark your skills against other finance experts in the world

Young Talent

Special recognition to those in their early career steps - dedicated U25 age group

Regional Competition

Become the best financial modeler in your country and your region

Advance Your Skills

Complete case study solution models are provided after each stage

Flexible Testing times

Two sessions - Friday to Saturday & Sunday to Monday. Join any time. See the upcoming stage session split here

Training Opportunities

Get additional training opportunities for the AFM and CFM exams

Case Design Team

Our case studies are carefully prepared by finance professionals from different industries

For more details, see Competition Rules.

Competition Schedule

Each stage takes 2h to complete, and you have two days to do it (you will be assigned 2 out of 4 available days – read more about it in competition Rules). The dates for further year World Cups shall be announced by November 30 of each previous year on the FMWC website. The Organizers have the right to move stage dates at their sole discretion (typically, to accommodate for international holidays, etc.). In such a case, a prior notice will be given on the competition website.

Full Calendar

Stage 1

Stage 2

Stage 3

Stage 4

Stage 5

Stage 6

Stage 7

Stage 8

Awards

FMWC '23

January 28-31
March 11-14
April 22-25
June 10-13
July 22-25
September 2-5
October 14-17
November 18-21
$ 25,000

Leaderboard

World Rankings

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Category Leaders

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See All Rankings

Pricing

Pay per Stage

U-25 and Open age group tickets for each separate financial modeling stage (online)
$ 15-20
  • Entry ticket to 1 stage
  • Access to 3 case studies and answer files
Enter
Try out our competition

Seasonal Pass

U-25 and Open age group Seasonal Pass
(for ALL financial modeling stages in 2022)
$ 45-65
  • Entry ticket to ALL stages in 2022
  • Access to ALL case studies and answer files for the upcoming stages
  • $25,000 prize fund
Enter
Become a regular and advance in the rankings
Popular

FMWC Open

Excel esports competition open for all
(November - December)
$50
$ 25
  • Entry ticket to participate in Excel esports tournament
  • Access to Excel-based game tasks and answer files
  • A chance to be livestreamed
  • $15,000 prize fund
Enter
Showcase your Excel skills to the world

Or just have fun in Excel
Early bird

Our Sponsors:

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Our Partners:

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FMWC provides a big variety of cases. You never know what you are going to get – a standard finance valuation, a weird piece of Excel gymnastics or just a complete wildcard question. The different tactics that you need to employ to figure out the questions keep it really interesting every time.
Lianna Gerrish
Lianna GerrishFounder at RateMyExcel.com
I'm really excited to compete in this event again this year, it was a great learning experience last year and a lot of fun.
James Evans
James EvansFP&A Professional, ACCA qualified
I found the FMWC a fun and well-run competition. Financial modelers of all levels would enjoy the challenge. Many questions are based on real-life examples and demonstrate how financial modeling skills can be applied in different settings.
Joseph Lau
Joseph LauSustainable Finance Director at Commonwealth Bank
The FMWC has been a really great opportunity to hone my financial modelling skills in a fun and creative way. As well as helping me professionally, it's been a great pastime among various lockdowns!
James Humpish
James HumpishValuations Analyst (Transaction Advisory Services) at EY
FMWC is a fun competition that's suitable for all financial modellers regardless of their experience. Those more experienced can keep practising to be more efficient, while beginners will gain exposure to a wide range of real-world financial problems.
Andrew Ngai
Andrew NgaiAssociate Director at Willis Towers Watson, FIAA CERA
FMWC is the first modelling competition I have participated in. It's a great opportunity to challenge and improve your skills!
Christian Hueber
Christian HueberCorporate Finance Advisory | Financial Modelling | Deloitte Vienna
I really enjoyed participating in the FMWC competition and solving the problems - for self-testing, for learning and for the fun of competition purposes. Getting through all tasks in 2h currently remains the biggest challenge 🙂 Keep it up, guys!!!
Mārtiņš Prūsis
Mārtiņš PrūsisFinance & Business Management Professional
FMWC gives me an opportunity to model things I would otherwise not come across. As a modeller, it's easy to gain experience in a niche field and not see anything beyond your specific industry, but FMWC challenges you to a much broader spectrum!
Jason Webber
Jason WebberPwC - Manager - Deals | CA(SA) | CFM
These cases are a great way to practice your financial modeling skills - they cover a wide range of topics, don't take long to do, and you'll get feedback right away.
Diarmuid Early
Diarmuid EarlyFounder at Early Days Consulting
I just wanted to share, I’ve already started working at EY. And how they found me was through FMWC!
Joseph Michael Palisoc
Joseph Michael PalisocManager at EY
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