Stage 12: Dec 17-20
Two Sessions - Dec 17-18 & Dec 19-20
Everybody can participate!
Competition Format
$20,000 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


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.


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!


Transparent World Rankings for various age groups and regions. Become the World's #1 financial modeler! Challenge yourself and compete for the $20,000 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.

$20,000 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.

Stage 12


FMWC '22

December 17-20
$ 20,000


World Rankings

Category Leaders

Competition Pricing

We offer two pricing models: pay per stage and seasonal pass.

Age Group

/ Per Stage
Buy ticket

Age Group

/ Per Stage
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Financial Modeling as esports

From time to time, we like to organize stand-alone battles. In the most recent one, 8 FMWC leaders from 8 different countries competed against each other, while it all was streamed live for everybody to see. You can watch a short recap of the event here, while the whole live stream is available on our YouTube channel.

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