The Microsoft Excel international tournament “Financial Modeling World Cup (FMWC)” sponsored by Microsoft will be held at 7 pm Taiwan time today (8). 8 Excel masters from all over the world will have an alternative e-sports duel to win back 5000. USD (approximately NT$150,000) bonus.
Financial modeling as an e-sport. Watch eight top financial modelers around the world work their mad #Excel skills on June 8 at 12 PM UTC. Find out more (and check out the merch): https://t.co/GqkmWjSFOo
— Microsoft Excel (@msexcel) June 4, 2021
Although the Excel e-sports competition may seem like a joke, in fact, this is not the first time that FMWC has hosted an Excel competition. Coincidentally, a British e-sports team, Excel Esports, even collided with the event. At present, the team mainly participates in European events related to “Fortress Heroes” and “League of Legends”. There have been many viewers on Twitter in the past. I mislabeled this team when I posted a post about the Excel World Series. In fact, the team’s Twitter account @EXCEL does look more “official” than Microsoft’s @msexcel, and it is understandable that the public is confused.
This FMWC players come from 8 countries. Picture: Retrieved from FMWC
Financial modeling is a method of summarizing the company’s expenses and income and other items with a spreadsheet as a tool. It can be used for risk and benefit evaluation when the company faces important decisions in the future. In fact, financial modeling can play a role in many levels of company operations, and financial analysts will also use it to analyze the stock performance of listed companies. In the Excel World Contest, contestants will have 40 minutes to solve business-related issues raised by the organizer with financial modeling.
In addition to hosting the competition, FMWC’s official website even produced the world ranking points table for each season for the players. The Indian player Anup and British player Andrew are currently ranked second and third in the world respectively. Although it seems to be an e-sports event with a very high entry barrier, the organizer promised: “After the competition is over, we promise to share the financial modeling of the players with the audience. Interested audiences can also take this opportunity to report to Excel The top players in the world learn some practical skills.”
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