During the course of a season (January through November), competitors complete eight stages, 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 stages (bottom 2 stages 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 can 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.
The MEWC began in 2021 as the FMWC Open, an
ExcelEsports tournament. The competition was a standalone event that did not impact the Financial Modeling World Cup Rankings in regular seasons.[1]
The tournament consisted of a Qualification Round, with the top 128 qualifiers advancing to a
single elimination tournament. [5]
Qualification rounds began on November 13, and continued into December.[5] The last three rounds of the FMWC Open competition were held on December 11, 2021, and were broadcast on FMWC YouTube channel and
ESPN3.[6][7] 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.[8] 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.[5]
2022
The FMWC Open was rebranded as the Microsoft Excel World Championship (MEWC). Like its predecessor, it also consisted of a Qualification Round, with the top 128 qualifiers advancing to a
single elimination tournament.
Qualification results (Top 50)
In total 377 people took part and 128 qualified for the final round. The best ranked participants of the FMWC ranking, were prequalified.
The MEWC continued in 2023 with a modified format, the Qualification round was split into nine events, called "Road to Las Vegas" and one Qualification Round. However the 128 final-participants will still be competing in a 1v1 grid. The final of the top 8 will be hosted in
Las Vegas.
Qualification results (Top 50)
In total 377 people took part and 128 qualified for the final round. The best ranked participants of the FMWC ranking, were prequalified.
Rank
Name
Total Points
Time
1
Brittany Deaton
10000
00:46:24
2
Nicolas Micot
9915
00:46:45
3
Lorenzo Foti
9715
00:53:52
4
Peter Scharl
9115
00:53:41
5
Jason Hutcheson
8830
00:58:19
6
Adam Carter
8500
00:57:59
7
Katelyn Stienen
9315
01:00:00
8
Elliott Paterson
8200
00:58:07
9
Jacob Andrews
8200
01:00:00
10
Kyle Sutton
8000
00:57:13
11
Johnny Valeriote
8000
00:57:57
12
Michael Holmes
8000
00:58:32
13
Christophe Belin
7915
00:56:28
14
Kenneth Wang
7915
00:59:53
15
Jeremy Freelove
7850
01:00:00
16
Alfons Oliver Altes
7700
00:55:16
17
Jesi Lipp
7650
00:56:05
18
Princess Camille Ong
7600
00:59:00
19
Harry Seiders
7600
00:59:04
20
Pakkapong Sricharoen
7600
00:59:22
21
Ben Pridmore
7565
00:51:35
22
Ben deLeon
7515
00:55:25
23
Sharon Parker
7480
01:00:00
24
Harry Watson
7415
01:00:00
25
Lyanne van Dijk
7410
00:57:52
26
Alwyn Birkholtz
7335
00:49:28
27
Shaun McCarthy
7315
00:59:45
28
Matt Ficarra
7245
00:59:50
29
James Galbraith
7220
00:56:17
30
Will Demere
7215
00:59:40
31
Riley Flischel
7150
00:57:55
32
Steve Schulz
7150
01:00:00
33
Judith Droogsma
6785
00:52:50
34
Charles Poulain
6715
01:00:00
35
Nick Boberg
6700
00:59:01
36
James Blackham
6635
00:58:49
37
Martijn Adriaanse
6485
00:59:34
38
Matt Melsen
6435
00:58:54
39
Oliver Lambert
6415
00:59:34
40
Sergio Trifiletti
6415
00:59:49
41
Ricardo Dominguez
6405
00:59:57
42
Kristain Lindemann
6400
00:59:40
43
Brandon Moyer
6400
01:00:00
44
Grigoriy Korkishko
6345
00:59:18
45
Prithviraj Mavani
6300
01:00:00
46
Andrew Heybruch
6250
01:00:00
47
Zsolt Mogyorósi
6215
00:59:39
48
Jakub Pomykalski
6200
00:58:45
49
Jason Webber
6200
00:59:40
50
Juan Cifuentes
6200
00:59:55
Bracket
The 2023 edition had a different format for the last three rounds. The knockout format was used for the first four rounds. The eight participants that won their Round of 16 match qualified for the in-person Finals in Las Vegas, where 8 more players would join them in a last-chance qualification round.
FMWC also holds other events (typically
ExcelEsports 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):
^Competitors that have registered for at least one stage, not necessarily for the entire competition
^Competitors that have attempted at least one stage. A stage score of 0 indicates participation, while a blank stage score does not
^Competitors that attempted the maximum number of stages contributing to the final season point total (i.e., The 2021 season had 12 stages, but only the top 10 results determined a competitors season point total. In 2021, 307 competitors participated in at least 10 FMWC stages.)