Modeloff  – Guide to Competing

How to win at the world championships of financial modeling

What is Modeloff?

Modeloff is a global financial modeling competition that requires contestants to use Excel to solve financial questions and case studies.  Though it is referred to as a “financial modeling” competition, it does an exercise in building a complete valuation a company, it mostly focuses on independent questions that require mini exercises in Excel.

 

How to register for Modeloff?

To register for Modeloff simply visit their website and follow the instructions on the screen.

Here is the link to register -> https://www.modeloff.com/register/

 

Cost:

  • $20 students
  • $30 professionals

Required information:

  • Name
  • Address
  • Company/School
  • Age
  • Private League
  • Payment Information

 

How to prepare for Modeloff

We have created a guide with what we believe are the best steps for preparing for Modeloff.  It all comes down to practice, and here are the most important things to know.

 

Step #1 Master Excel shortcuts to save time

In any contest that has a time limit, time is of the essence.  The best way to speed up your financial modeling is to put away the mouse and only use keyboard shortcuts.

We have created a list of the most important keyboard shortcuts, which you can review and memorize to speed up your Excel skills.

Even better, you can take our Free Excel Crash Course which teaches you all these shortcuts step by step.

 

Step #2 Know all the finance functions in Excel

There are over 50 functions in Excel listed under the “financial” category.  If you really want to win the competition, you should probably memorize all 50 of those functions and know how and when to use them.

If you want to get started with the top 10 most important functions, check out our guide on Excel for finance.

Better yet, you can combine our Free Excel Crash Course with our Advanced Excel Formulas Course to master the important functions.

 

Step #3 Brush up on finance and accounting skills

Since the Modeloff competition requires a combination of Excel AND finance/accounting skills, it’s important to make sure you know your stuff.

In order to have strong technical skills, the focus when preparing should be on formulas and calculations – which typically relate to the time value of money, equities, fixed-income, and accounting schedules.

To be well prepared for these, these easiest way is to learn from experts in our video-based lessons.  The most relevant ones include:

 

Step #4 Practice by looking at past questions

Modeloff publishes prior year competition questions and you can use them as an effective way to prepare for the contest.

As you go through them you will get a sense of what types of questions they ask, and hopefully, understand what their style and approach is.

 

Step #5 Combine the above steps and practice building financial models

Once you have the Excel skills, technical finance skills, and you’ve seen past questions, it’s time to combine all of the above into your own practice competition.

Being good at financial modeling requires extensive practice.  One of the best ways to forms of training is to take a company’s financial statements, put them into Excel, and build your own forecast model.  This will allow you to take all the shortcuts, functions, and financial knowledge you have and tie it all together.

To learn financial modeling by example, check out our library of financial modeling courses.

 

Modeloff guide and preperation

 

Additional financial modeling resources

We hope this has been a helpful guide to preparing for the model off financial modeling championship and competition.

For more learning and practice we recommend the following resources: