Finance:Financial Modeling World Cup

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Short description: Financial modeling esports competition, using Microsoft Excel
Financial Modeling World Cup
StatusActive
GenreEsports
FrequencyAnnually
Years activeSeptember 2020; 5 years ago (2020-09)
InauguratedSeptember 2020; 5 years ago (2020-09)
FounderAndrew Grigolyunovich
Websitefmworldcup.com

The Financial Modeling World Cup (FMWC) is an organization that hosts various Microsoft Excel–based competitions.

The FMWC held its first competition in September 2020 and currently hosts three competitions:

Financial Modeling World Cup (FMWC)

Description, competition format, and scoring

FMWC is an annual Excel modeling competition.

During the course of a season (January through November), competitors complete eight stages of modeling problems, 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 stage scores (the bottom 2 stage scores 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 could 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.
  • 2025: The FMWC Championship Ring is no longer awarded to the Financial Modeling World Cup Champion.

Competition statistics

Year Registrations [lower-alpha 1] Participants [lower-alpha 2] Maximum completed number of stages [lower-alpha 3] Prize pool (USD)
2020 [1] 125 117 36 $10,000
2021 [2] 333 307 72 $20,000
2022 [3] 443 402 136 $25,000
2023 [4] 401 363 136 $25,000
  1. ↑ Competitors that have registered for at least one stage, not necessarily for the entire competition
  2. ↑ Competitors that have attempted at least one stage. A stage score of 0 indicates participation, while a blank stage score does not
  3. ↑ 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.)

Results

Key
Template:CellCategory
2020
Rank Name Nation Age Group 1 2 3 4 Total Prize
Template:Gold1 Joseph Lau  Australia Masters 785 1,285 795 2,670 5,535 $3,000
Template:Silver2 Diarmuid Early  United States Open 825 1,260 1,035 1,650 4,770 $2,000
Template:Bronze3 Andrew Ngai  Great Britain Open 1,160 880 2,670 4,710 $1,000
4 John Lim  Australia Open 605 890 735 2,290 4,520
5 Christian Hueber  Austria Open 470 1,105 805 2,105 4,485
6 Anup Agarwal  India Open 1,000 955 2525 4,480
7 Samir Asadov  Ireland Open 520 1,025 555 2050 4,150
8 Joseph Michael Palisoc  United States Open 655 885 805 1,750 4,095
9 Dan Mayoh  Australia Open 620 875 720 1,850 4,065
10 Willem Gerritsen  Netherlands Masters 655 845 825 1,475 3,800
2021
Rank Name Nation Age Group 1 2 3 4 5 6 7 8 9 10 11 12 Total Prize
Template:Gold1 Diarmuid Early  United States Open 1,170 1,015 1,160 1,165 Template:CellCategory 1,510 1,260 970 Template:CellCategory 1,145 1,440 1,090 11,925 $5,000
Template:Silver2 Anup Agarwal  India Open 1,105 Template:CellCategory 1,460 1,065 865 1,265 835 1,175 Template:CellCategory 1,005 1,550 850 11,175 $2,000
Template:Bronze3 Andrew Ngai  Australia Open 1,200 Template:CellCategory 820 765 1,315 1,265 1,030 1,140 820 1,325 1,300 Template:CellCategory 10,980 $1,000
4 Jeff Heng Siang Tan  Malaysia Open Template:CellCategory Template:CellCategory 1,290 530 1,145 1,230 650 1,250 530 1,460 1,190 1,350 10,625 $500
5 Willem Gerritsen  Netherlands Open 1,275 Template:CellCategory Template:CellCategory 750 885 1,200 1,210 1,070 720 1,060 1,350 850 10,370 $500
6 Michael Jarman  Canada Open 825 820 1,300 Template:CellCategory 895 1,170 895 1,040 867 Template:CellCategory 1,420 1,090 10,322 $500
7 Christian Hueber  Austria Open Template:CellCategory 725 1,130 925 865 830 670 1,035 Template:CellCategory 970 1,305 850 9,305 $500
8 Janis Reinis Beikmanis  Latvia U-25 645 760 840 1,178 795 830 Template:CellCategory 820 Template:CellCategory 765 1,285 1,371 9,289 $350
9 Joseph Michael Palisoc  United States Open 725 Template:CellCategory 675 610 1,015 840 680 840 Template:CellCategory 1,130 1,400 875 8,790 $350
10 Sameer Jagetia  United States Open 705 650 821 685 1,040 945 670 920 Template:CellCategory 950 1,330 Template:CellCategory 8,716 $350
2022
Rank Name Nation Age Group 1 2 3 4 5 6 7 8 Total Prize
Template:Gold1 Laurence Lau  United States Open 1,000 Template:CellCategory 1,000 959 1,000 1,000 Template:CellCategory 978 5,937 $7,000
Template:Silver2 Diarmuid Early  Ireland Open Template:CellCategory 1,000 Template:CellCategory 1,000 885 956 1,000 1,000 5,841 $4,000
Template:Bronze3 Andrew Ngai  Australia Open 847 899 Template:CellCategory 838 971 Template:CellCategory 974 883 5,412 $2,000
4 Michael Jarman  Canada Open 898 Template:CellCategory Template:CellCategory 775 899 956 968 780 5,276 $1,000
5 Willem Gerritsen  Netherlands Open 740 790 Template:CellCategory Template:CellCategory 795 646 788 834 4,593 $800
6 Joseph Michael Palisoc  United States Open 809 Template:CellCategory 737 779 676 Template:CellCategory 840 713 4,554 $750
7 Anup Agarwal  India Open 694 Template:CellCategory Template:CellCategory 712 849 697 840 749 4,541 $700
8 Tim Roberts  Great Britain Open 762 778 593 698 835 Template:CellCategory Template:CellCategory 700 4,366 $650
9 Matthew Fried  Australia Open 821 Template:CellCategory 611 Template:CellCategory 694 646 878 686 4,336 $600
10 Paul Dent  Great Britain Open Template:CellCategory 833 619 734 705 Template:CellCategory 644 794 4,329 $550
2023
Rank Name Nation Age Group 1 2 3 4 5 6 7 8 Total Prize
Template:Gold1 Laurence Lau  United States Open Template:CellCategory Template:CellCategory 1,000 1,000 1,000 1,000 1,000 1,000 6,000 $7,000
Template:Silver2 Diarmuid Early  Ireland Open 917 885 857 993 Template:CellCategory 717 Template:CellCategory 972 5,341 $4,000
Template:Bronze3 Michael Jarman  Canada Open 1,000 685 Template:CellCategory Template:CellCategory 713 683 1,000 818 4,899 $2,000
4 Andrew Ngai  Australia Open 857 943 835 685 Template:CellCategory 675 Template:CellCategory 805 4,800 $1,000
5 Willem Gerritsen  Netherlands Open 895 762 Template:CellCategory 664 Template:CellCategory 663 586 610 4,180 $800
6 Joseph Michael Palisoc  United States Open Template:CellCategory 685 638 Template:CellCategory 651 650 634 850 4,108 $750
7 Paul Dent  Great Britain Open 699 697 710 Template:CellCategory 592 654 Template:CellCategory 649 4,001 $700
8 Michael Clarke  New Zealand Open 669 782 631 Template:CellCategory 614 683 Template:CellCategory 617 3,996 $650
9 Matthew Fried  Australia Open 763 698 530 Template:CellCategory 544 763 Template:CellCategory 617 3,915 $600
10 Harry Gross  Great Britain U-25 586 1000 527 Template:CellCategory 585 Template:CellCategory 500 624 3,822 $550

Microsoft Excel World Championship (MEWC)

2021

The MEWC began in 2021 as the FMWC Open, an Excel Esports tournament. The competition was a standalone event that did not impact the Financial Modeling World Cup rankings in regular seasons.[1]

The tournament began with 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 the 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 and 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 rankings were prequalified.

Rank Name Total points Time
1 Netherlands Willem Gerritsen 5,000 00:36:50
2 New Zealand Michael Clarke 5,000 00:46:59
3 Canada Michael Holmes 5,000 00:51:01
4 United States Brian Hanley 5,000 00:51:28
5 Spain Alfons Oliver Altes 5,000 00:52:23
6 Canada Justin Merson 5,000 00:54:51
7 United States Brittany Deaton 5,000 00:54:57
8 South Africa Jason Webber 5,000 00:55:02
9 Spain Eduardo Gonazales Arias 5,000 00:55:32
10 United Kingdom Peter Rebecchi 5,000 00:55:57
11 United States David Brown 5,000 00:56:49
12 India Stefanus Ng 5,000 00:59:28
13 United States Diarmuid Early 4,800 00:25:14
14 United Kingdom Paul Dent 4,600 00:50:55
15 France Nicolas Micot 4,600 00:52:31
16 United States Nick McCartney 4,600 00:54:55
17 United States Lianna Gerrish 4,600 00:57:34
18 Belgium Bram Van Eeckhout 4,600 00:58:14
19 Australia Matthew Fried 4,550 00:50:17
20 Spain Isaac Mendez Cortinas 4,400 00:56:55
21 United States Emad Oughourli 4,300 00:59:18
22 United Kingdom Tom Vincent 4,300 01:00:00
23 United States Michael Thanasides 4,300 01:00:00
24 India Dhara Shah 4,200 00:59:28
25 China Ben Gutscher 4,100 00:43:06
26 Australia Toby Funston 4,050 00:59:59
27 United Kingdom David Rosel 4,000 00:45:38
28 United States Dan Seiders 4,000 00:56:40
29 Netherlands Albert Blom 4,000 00:57:31
30 United States Harry Seiders 4,000 00:57:31
31 United States Taylor Robinson 4,000 00:58:23
32 United States Mary Brown 4,000 00:58:23
33 Canada Patrick Chatain 4,000 00:58:43
34 Latvia Aleksandrs Goba 4,000 00:59:00
35 Mexico Ricardo Domínguez 4,000 00:59:09
36 Russia Grigoriy Korkishko 4,000 00:59:28
37 Hungary Zsolt Mogyorósi 4,000 00:59:49
38 United States Joseph Michael Palisoc 4,000 00:59:52
39 United States Luke Moraga 4,000 01:00:00
40 United States Nick Lowman 3,975 00:59:01
41 United Kingdom Jaq Kennedy 3,875 00:59:48
42 Egypt Khaled Habib 3,800 00:59:36
43 United States Ben deLeon 3,800 00:59:39
44 Poland Jakub Pomykalski 3,800 00:59:50
45 France Pierre Sertin 3,675 00:59:50
46 South Africa Steyn Wolmarans 3,600 00:49:04
47 United States Bob Schriver 3,600 00:52:22
48 Austria Christian Hueber 3,600 00:54:19
49 Japan Jason Naniong 3,600 00:57:51
50 United Kingdom Ryan Bains 3,600 00:58:01

Bracket

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2023

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 United States Brittany Deaton 10000 00:46:24
2 France Nicolas Micot 9915 00:46:45
3 Italy Lorenzo Foti 9715 00:53:52
4 United States Peter Scharl 9115 00:53:41
5 United States Jason Hutcheson 8830 00:58:19
6 Canada Adam Carter 8500 00:57:59
7 United States Katelyn Stienen 9315 01:00:00
8 United Kingdom Elliott Paterson 8200 00:58:07
9 United States Jacob Andrews 8200 01:00:00
10 United States Kyle Sutton 8000 00:57:13
11 United States Johnny Valeriote 8000 00:57:57
12 Canada Michael Holmes 8000 00:58:32
13 France Christophe Belin 7915 00:56:28
14 United States Kenneth Wang 7915 00:59:53
15 United States Jeremy Freelove 7850 01:00:00
16 Spain Alfons Oliver Altes 7700 00:55:16
17 United States Jesi Lipp 7650 00:56:05
18 Philippines Princess Camille Ong 7600 00:59:00
19 United States Harry Seiders 7600 00:59:04
20 Thailand Pakkapong Sricharoen 7600 00:59:22
21 United Kingdom Ben Pridmore 7565 00:51:35
22 United States Ben deLeon 7515 00:55:25
23 United States Sharon Parker 7480 01:00:00
24 United Kingdom Harry Watson 7415 01:00:00
25 Netherlands Lyanne van Dijk 7410 00:57:52
26 South Africa Alwyn Birkholtz 7335 00:49:28
27 United States Shaun McCarthy 7315 00:59:45
28 United States Matt Ficarra 7245 00:59:50
29 United States James Galbraith 7220 00:56:17
30 United States Will Demere 7215 00:59:40
31 United States Riley Flischel 7150 00:57:55
32 Australia Steve Schulz 7150 01:00:00
33 Netherlands Judith Droogsma 6785 00:52:50
34 France Charles Poulain 6715 01:00:00
35 New Zealand Nick Boberg 6700 00:59:01
36 United Kingdom James Blackham 6635 00:58:49
37 Netherlands Martijn Adriaanse 6485 00:59:34
38 United States Matt Melsen 6435 00:58:54
39 United Kingdom Oliver Lambert 6415 00:59:34
40 Italy Sergio Trifiletti 6415 00:59:49
41 Mexico Ricardo Dominguez 6405 00:59:57
42 United States Kristain Lindemann 6400 00:59:40
43 United States Brandon Moyer 6400 01:00:00
44 Template:Country data RFA Grigoriy Korkishko 6345 00:59:18
45 India Prithviraj Mavani 6300 01:00:00
46 United States Andrew Heybruch 6250 01:00:00
47 Hungary Zsolt Mogyorósi 6215 00:59:39
48 Poland Jakub Pomykalski 6200 00:58:45
49 South Africa Jason Webber 6200 00:59:40
50 Chile 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.

Section 1

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Section 2

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Section 3

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Section 4

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Section 5

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Section 6

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Section 7

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Section 8

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2024

The structure for the 2024 Microsoft Excel World Championship was revamped in several areas, including for the qualification round. The number of players in the main event remained at 128. Qualification for the MEWC was as follows:

  • 50 players, 5 in each of the 10 Excel Esports Battes (called the "Road to Las Vegas"). One player would qualify from the YouTube livestream, while four others would qualify from online participation.
  • 16 players from the Financial Modeling World Cup.
  • 60 players from the MEWC online qualification round.
  • 2 wildcards.

Qualification results

The following participants qualified for the event:

2024 Road to Las Vegas series
Qualification method Player Score Time (mm:ss)
Excel Esports Battle I
"Doggie Daycare"
January 25 		Republic of Ireland Diarmuid Early[lower-alpha 1] 1150 30:00
United Kingdom Chris Clarke 990 29:12
Netherlands Willem Gerritsen 980 29:11
United States Jacob Andrews 950 28:38
Canada Michael Jarman 940 28:40
Excel Esports Battle II
"Sommelier"
February 29 		United States Colin Sheehe 1250 24:23
India Anup Agarwal 1250 25:12
Italy Sergio Trifiletti[lower-alpha 1] 1250 29:11
United Kingdom Harry Gross 1250 29:45
United Kingdom Elliott Paterson 1185 29:52
Excel Esports Battle III
"This Spreadsheet is a Nightmare"
March 28 		Australia Andrew Ngai 1250 16:14
Thailand Bo Rydobon 1250 28:57
Germany Jean Wolleh 1167 30:00
Canada Adam Carter 1128 27:25
New Zealand Nick Boberg[lower-alpha 1] 975 30:00
Excel Esports Battle IV
"Ship the World"
April 25 		United States Peter Scharl 1250 25:44
Poland Jakub Pomykalski[lower-alpha 1] 1191 30:00
Denmark Anders Richter Lindén 1110 30:00
Italy Lorenzo Foti 1065 24:25
United States Jack Franken 1058 30:00
Excel Esports Battle V
"Deep Sea Diving"
May 30 		Thailand Pakkapong Sricharoen 1190 29:39
Julien Lacaze 1191 30:00
United Kingdom Hadyn Wiseman 938 29:59
United States Jeremy Freelove 938 30:00
Hungary Adam Reichenbach[lower-alpha 1] 830 30:00
Excel Esports Battle VI
"The Simple Case"
June 20 		Template:Country data MDG Ny Tsiory Rakotonanahary 1170 19:02
Netherlands Jasper van Merle 1140 20:51
Greece Thanasis Dogramatzidis 770 29:55
United Kingdom Paul Dent 400 30:00
New Zealand Timothy Shue[lower-alpha 1] 233 30:00
Excel Esports Battle VII
"I am Left-Handed"
July 25 		United States Nick Lowman 1250 29:58
Australia Tze Sheng Yeo 1159 28:23
Chile Juan Cifuentes 1159 29:50
United States Brian Wright 1110 29:50
India Vikram Hattangady[lower-alpha 1] 880 30:00
Excel Esports Battle VIII
"Treasure Hunt"
August 29 		Australia Grayson Huynh[lower-alpha 1] 1250 16:07
Austria Benjamin Weber 1250 17:43
China Ben Gutscher 1250 19:16
United States Matt Stockton 1250 20:40
Template:Country data MDG Cédric Morgan Rasolofo 1250 21:09
Excel Esports Battle IX
"Census"
September 19 		United States Brittany Deaton 1184 29:19
United States Taylor Robinson 1030 28:03
Poland Kamil Ciesielski 950 29:15
Australia Min Chen 950 29:37
United States Fritz Burkhardt[lower-alpha 1] 601 30:00
Excel Esports Battle X
"Almost There"
October 10 		United States Eric Ashton[lower-alpha 1] 1043 29:30
Canada Michael Holmes 894 28:53
China Zhang Yunyi 885 28:32
United Kingdom Harry Watson 858 29:35
United States Alexander Freedman 818 29:39
  1. ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 Qualified via livestream
2024 Financial Modeling World Cup Qualifiers (Top 16)
Rank Player Season Score
5 Australia Matthew Fried 4737
6 United States Joseph Michael Palisoc 4573
7 United Kingdom Tim Roberts 4437
8 Australia Steve Schultz 4427
16 Spain Eduardo Gonzalez Arias 3897
2024 MEWC qualification results
Region Player Score Time (mm:ss)
Africa South Africa Steyn Wolmarans 4380 59:39
South Africa Jason Webber 3750 59:20
South Africa Renier Wessels 3605 59:55
Asia-Pacific[lower-alpha 1] Philippines Stevenson Yu 6500 54:53
New Zealand Logan Clarke 6425 59:26
Singapore Danny Whittaker 6415 60:00
Philippines Princess Camille Ong 5590 60:00
New Zealand Cheong Ng 5450 57:30
Indonesia Calvin Lim 5375 56:53
Australia Toby Funston 5290 57:35
India Prithviraj Mavani 5190 60:00
Singapore Min Min Chua 5100 60:00
Thailand Pichaya Pan-anukooln 4875 54:59
Australia Robert Buemmer 4350 55:51
Singapore Kai Wei Lim 4275 58:38
Europe Luxembourg Yiwei Cao 5510 59:54
Hungary Zsolt Mogyorósi 5500 59:55
United Kingdom Karim Awenat 5290 60:00
Hungary Marton Hunyady 4605 60:00
France Nicolas Micot 4450 60:00
United Kingdom Ben Pridmore 4400 53:00
United Kingdom Edwin Brown 4380 59:39
United Kingdom Chris Wilson 4350 60:00
Russia Grigoriy Korkishko 3950 59:50
Republic of Ireland Jeroen Adriaanse 3930 58:55
Estonia Siim Aksel Amer 3800 59:22
Netherlands Martijn Adriaanse 3600 58:13
Denmark Søren Nielsen 3600 59:05
United Kingdom Toby Julyan 3475 57:21
United Kingdom Tom Vincent 3460 60:00
Ukraine Samir Asadov 3350 59:24
France Etienne Corget 3300 60:00
United Kingdom William Freestone 3255 57:49
Germany Fanny Caillot 3150 56:49
United Kingdom Arnold Miron 3150 59:32
United Kingdom Francois Neethling 3120 60:00
Austria Jörg Profanter 3050 60:00
North America United States Ben Carr 5585 59:52
United States Greg Hingsbergen 5500 59:56
United States Coby Dombrowski 5360 59:04
Canada Colin Davidson 5060 60:00
United States Joshua Bruce 4900 58:08
United States Riley Flischel 4400 1:00:00
United States Derek Kaplan 4200 55:16
United States Brian Hanley 4170 56:12
United States Matt Ficarra 4120 59:20
United States Daniel Hart 4100 57:50
United States David Nordstrom 4100 58:04
United States Parker Garrison 4000 59:47
Canada Johnny Valeriote 3950 1:00:00
United States Norman Sheppard 3950 1:00:00
United States Sean Dunbar 3950 1:00:00
Canada Esther Vander Meulen 3935 1:00:00
United States Ben deLeon 3850 56:42
United States Andrew Heybruch 3850 1:00:00
United States Robert Valentine 3825 57:35
United States Jennifer Williams 3750 59:49
Canada Keegan Morrissey 3750 59:53
United States William OBrien 3750 1:00:00
United States Josh Tucci 3700 1:00:00
United States Helen Dupree 3650 58:59
United States Jesi Lipp 3615 1:00:00
United States Dan Seiders 3600 1:00:00
Canada Diana Constantinescu 3530 1:00:00
United States Jonathan Huang 3500 55:49
United States Lianna Gerrish 3480 59:55
South/Latin America Colombia Patrick Chatain 4200 59:29
Brazil Washington Demicheli 4170 1:00:00
Argentina Joaquin Courreges 3700 59:33
Argentina Juan Pablo Brea 3700 59:44
  1. ↑ Due to time differences, the Asia-Pacific competition took place at 8:00 AM BST, while the other regions competed at 5:00 PM BST.

Main draw (morning session)

The 128 players in the main draw bracket were divided into 8 groups of 16, with three of those groups playing at 8:00 AM BST to accommodate players from the Asia Pacific region. The remaining five groups played at 5:00 PM BST. The main draw brackets were only played for four rounds, with the final eight competitors automatically qualified for the in-person semi-finals at Las Vegas. The other 24 of the top 32 qualified to play in the game day competition one day before the finals.

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Main draw (afternoon session)

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Last chance qualification

The 2024 Microsoft Excel World Championship introduced the Last Chance Qualification Round (LCQR). The LCQR was open to anyone who did not advance to the Last 32 round at an additional cost. Entry for this event was also included for attendees of the concurrent The Active Cell event held in Las Vegas. The top 40 participants at this event who had not already qualified for the Game Day competition would join the 24 qualifiers from the main draw brackets for the Game Day competitions held one day before the live finals. The last 32 from the main draw bracket were also permitted to play, but as they had already qualified for the Game Day competition or live semi-finals, they would not take the 40 qualification spots from those not yet qualified.

The case for the Last Chance Qualification Round was called "Axel the Elf's Christmas Catastrophe!"

Last Chance Qualification Round
Player Score Time (mm:ss)
Australia Matthew Fried 1250 25:03
United Kingdom Harry Watson 1250 26:10
United States Daniel Hart 1250 26:33
Austria Benjamin Weber 1250 26:45
United States Helen Dupree 1170 30:00
Canada Martin Morissette 1140 30:00
Colombia Patrick Chatain 1090 29:42
United States Jeremy Freelove 1060 30:00
United States David Brown 1057 29:58
United States Eric Ashton 1007 29:46
Poland Jakub Pomykalski 960 30:00
Australia Phillip Harvey 950 30:00
New Zealand Timothy Shue 949 30:00
New Zealand Nick Boberg 930 30:00
United States Ben Carr 870 30:00
United States Jason Sindler 850 29:50
Template:Country data MDG Fifaliana Rafanomezantsoa 840 30:00
United States Grant Pitarys 790 30:00
Germany Julian Poeltl 780 30:00
United States Jacob Andrews 681 27:36
Julien Lacaze 664 27:09
Brazil Klinsmann Langhanz 642 25:34
United States Jackson Weber 640 29:38
United States Fritz Burkhardt 640 29:59
Italy Lorenzo Foti 621 29:19
United States Harry Seiders 621 29:44
United States Curtis Landry 581 30:00
United States Ben Northern 570 29:49
United States Ashleigh Roberts 570 30:00
South Africa Pieter Pienaar 541 29:33
United States Michele Perina 541 29:50
Australia James McQueen 541 29:53
Argentina Juan Pablo Brea 541 30:00
Template:Country data MDG Joy Andriamalala 540 30:00
Mexico Ricardo Alexis Domínguez Hernández 533 29:58
United States Beckett Anderson 530 28:59
United States Jacob Labkovski 530 29:43
United States Andrew Durant 530 29:58
United States Michael Koller 530 30:00
United States Luke Peyton 530 30:00
France Loic Roig 530 30:00
United Kingdom Elliott Paterson 530 30:00
United States Ray Medina 530 30:00

Game day competition

The game day competitions consisted of two rounds played by all 64 competitors who qualified either from the main draw bracket or the Last Chance Qualification Round. The scores from the two rounds were added together, and the top 16 participants would then move on to the live semi-finals.

Player Case 1
"IsometriChaos"		 Case 2
"Lana Goes Ice Skating"		 Combined Score
Republic of Ireland Diarmuid Early 442 792 1234
United States Peter Scharl 579 608 1138
United States Jeremy Freelove 291 816 1107
United States Joshua Bruce 453 640 1093
Chile Juan Cifuentes 412 672 1084
Germany Jean Wolleh 588 488 1076
United Kingdom Michael Jarman 658 292 950
United States Eric Ashton 311 547 858
Poland Jakub Pomykalski 540 290 830
Austria Benjamin Weber 457 367 824
United States Coby Dombrowsky 380 436 816
Hungary Adam Reichenbach 449 357 806
Italy Lorenzo Foti 406 397 803
New Zealand Nick Boberg 459 343 802
Denmark Anders Richter Lindén 399 348 747

Live finals

In front of 400 spectators, Michael Jarman unseated three-time champion Andrew Ngai ("the Annihilator") in December 2024 in Las Vegas. Ngai was described as the Kobe Bryant of Excel, by contrast to Diarmuid Early, who was compared to LeBron James.[9]

2025

The field size for the 2025 Microsoft Excel World Championship increased significantly, with spaces allowed for 256 competitors in the main draw.[10] This includes qualified spots for:

  • 90 places: 10 players in each of 9 monthly Road to Las Vegas battles. For each battle, this includes:
    • 1 place for the best livestreamed player,
    • 7 places for the best non-livestreamed players,
    • 1 place for the best U-25 non-livestreamed (online) player, and
    • 1 place for the best 50+ (known as the "Masters" category) non-livestreamed player.[11]
  • 16 places for the top-16 ranked Financial Modeling World Cup competitors, and
  • 150 places for qualifiers who qualify through the qualification round held on September 27.

In addition, the organizers have implemented a seeding system, based on players' rankings in the Road to Las Vegas events.[11] The top 5 rankings of the participants will be considered in the rankings, and the top 32 ranked players will be seeded in the main draw.

Diarmuid Early was named champion of the 2025 competition after beating 23 other players in the finals. Early won a themed championship belt and US$5,000 (£3,747) in prize money.[12]

2025 Road to Las Vegas (RTLV) battles
RTLV Round Player Score Time (mm:ss) Qualification method
Excel Esports Battle I
"We're Not In Kansas Anymore"
January 23 		Republic of Ireland Diarmuid Early 1181 29:27 Online
United States Jack Franken 963 30:00 Online
United States Peter Scharl 899 29:58 Online
Australia Andrew Ngai 890 30:00 Online
United States Coby Dombrowsky 821 30:00 Online
Netherlands Willem Gerritsen 746 30:00 Online
Denmark Anders Richter Lindén 731 30:00 Livestreamed
United States Colin Sheehe 730 29:26 Online
United States Tim Froelich 656 28:45 U-25
United States Harry Seiders 586 29:43 Masters
Excel Esports Battle II
"Whodunnit?"
February 20 		Italy Sergio Trifiletti 1186 29:59 Online
Austria Benjamin Weber 1064 25:36 Online
United Kingdom Chris Clarke 1056 27:51 Online
Philippines Stevenson Yu 1048 29:00 Online
Thailand Pakkapong Sricharoen 1048 30:00 Online
Julien Lacaze 1040 25:56 Online
Canada Michael Holmes 1040 28:10 Online
United Kingdom Karim Awenat 1040 30:00 Masters
France Nicolas Micot 998 30:00 Livestreamed
United States Sean Dunbar 990 30:00 U-25
Excel Esports Battle III
"I'm Just Wild About Harry"
March 27 		New Zealand Timothy Shue 811 30:00 Livestreamed
Singapore Danny Whittaker 760 27:15 Online
United States Sameer Jagetia 757 30:00 Online
Germany Jean Wolleh 754 27:21 Online
United Kingdom Michael Jarman 720 29:37 Online
Chile Juan Cifuentes 720 30:00 Online
United Kingdom Paul Dent 700 27:48 Online
Colombia Patrick Chatain 700 29:56 Online
Australia Ben Taylor 640 29:49 Masters
Germany Julian Poeltl 610 29:21 U-25
Excel Esports Battle IV
"The Formula Bar and Grill"
April 24 		China Zhang Yunyi 1151 26:29 Online
New Zealand Nick Boberg 1071 29:44 Online
United Kingdom Elliott Paterson 1070 29:23 Online
United States Kenny Worrell 1070 29:48 Online
United States Fritz Burkhardt 1070 30:00 Online
Italy Diego Sala 1069 28:01 Online
Australia Grayson Huynh 1061 26:03 Online
Germany Tim Gabriel Töpper 889 24:29 U-25
Canada James Thai 747 30:00 Masters
India Anup Agarwal 736 30:00 Livestreamed
Excel Esports Battle V
"Bit of Music"
May 29 		Italy Lorenzo Foti 1180 25:09 Online
United States Jeremy Freelove 1180 26:12 Online
Canada Adam Carter 1180 28:01 Online
United States Eric Ashton 1123 29:46 Online
China Ben Gutscher 1120 28:32 Online
United States Alexander Freedman 1090 29:44 Online
Template:Country data MDG Jonathan Razanamparany 1090 30:00 Online
United States Helen Dupree 980 30:00 U-25
Poland Jakub Pomykalski 934 30:00 Livestreamed
United States Jason Sindler 800 30:00 Masters

Microsoft Excel Collegiate Challenge (MECC)

Main article: Finance:Microsoft Excel Collegiate Challenge

Other events

FMWC also holds other events (typically Excel esports 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):

Date Event name Winner Nation Case name
8 June 2021 888 Battle[13][14][15] Michael Jarman  Canada Cake To Bake
9 September 2021 Battle of 16[16] Diarmuid Early  United States N/A (Multiple)
17 February 2022 Global Excel Summit 2022[17] Jason Webber  South Africa Ludo
18 February 2022 Global Excel Summit 2022[18] David Brown  United States Square of Fortune
31 March 2022 Continent Battle: Asia / Pacific[19] Nick Boberg  New Zealand Minesweeper
24 May 2022 All-Star Battle[20] Andrew Ngai  Australia N/A (Multiple)
30 June 2022 Women's Battle[21] Stephanie Annerose  United States Lottery
28 July 2022 Continent Battle: Africa[22] Gareth Watson  South Africa Tug of War
25 August 2022 Continent Battle: Europe[23] Willem Gerritsen  Netherlands It's a Sequence
23 February 2023 Global Excel Summit 2023[24] Jason Webber  South Africa A Story About the Reels

Notes

References

  1. ↑ 1.0 1.1 "FMWC 2020 Rankings" (in en-US). https://www.fmworldcup.com/rankings/season-2020/. 
  2. ↑ "FMWC 2021 Rankings" (in en-US). https://www.fmworldcup.com/rankings/season-2021/. 
  3. ↑ "FMWC 2022 Rankings" (in en-US). https://www.fmworldcup.com/rankings/season-2022/. 
  4. ↑ "FMWC 2023 Rankings" (in en-US). https://www.fmworldcup.com/rankings/season-2023/. 
  5. ↑ 5.0 5.1 5.2 Hachman, Mark (December 10, 2021). "Top Excel experts will battle it out in an esports-like competition this weekend". PCWorld. https://www.pcworld.com/article/559001/the-future-of-esports-is-microsoft-excel-and-its-on-espn.html. 
  6. ↑ Roth, Emma (December 11, 2021). "Watch these Excel pros duke it out in a financial modeling competition". The Verge. https://www.theverge.com/2021/12/11/22829228/excel-pros-financial-modeling-world-cup. 
  7. ↑ Bolding, Jonathan (December 11, 2021). "Watch the world's greatest spreadsheet sorcerers throw down in the World Cup of Microsoft Excel". PC Gamer. https://www.pcgamer.com/watch-the-worlds-greatest-spreadsheet-sorcerers-throw-down-in-the-world-cup-of-microsoft-excel/. 
  8. ↑ Financial Modeling World Cup [@FMWC_]. "📢 Tomorrow, December 11, is the day for the FMWC Open finals!". https://twitter.com/FMWC_/status/1469354417338171395.  Missing or empty |date= (help)
  9. ↑ Zhuang, Yan; Whitmore, Mikayla; Paik, Shawn (2025-01-20). "Is Microsoft Excel the Next Big E-Sport?". https://www.nytimes.com/2025/01/20/us/microsoft-excel-world-championships.html. 
  10. ↑ Excel Esports (2025-02-17). Microsoft Excel World Championship Season 2025 Roadmap. YouTube. Retrieved 2025-05-02.
  11. ↑ 11.0 11.1 Finance Modeling World Cup. "Competition Rules". https://fmworldcup.com/microsoft-excel-world-championship/rules/. 
  12. ↑ Nicholson, Jonno (2025-12-04). "Diarmuid Early wins Microsoft Excel World Championship 2025" (in en-GB). https://esportsinsider.com/2025/12/microsoft-excel-world-championship-2025-winner. 
  13. ↑ Matyszczyk, Chris (June 10, 2021). "I just watched Microsoft (try to) make Excel exciting. Recovery won't be easy". ZDNet. https://www.zdnet.com/article/i-just-watched-microsoft-try-to-make-excel-exciting-recovery-wont-be-easy/. 
  14. ↑ Sacco, Dom (June 6, 2021). "Microsoft Excel… esports? UK to take part in 'Financial Modeling World Cup'". Esports News UK. https://esports-news.co.uk/2021/06/06/microsoft-excel-esports-financial-modeling-world-cup/. 
  15. ↑ "Acht experts strijden tegen elkaar in internationale Microsoft Excel-competitie" (in nl). Algemeen Dagblad. June 5, 2021. https://www.ad.nl/esports/acht-experts-strijden-tegen-elkaar-in-internationale-microsoft-excel-competitie~a4496062/. 
  16. ↑ "Battle of 16 – FMWC" (in en-US). https://www.fmworldcup.com/excel-as-esports/battle-of-16/. 
  17. ↑ "Global Excel Summit 2022 - Ludo" (in en-US). 17 February 2022. https://www.youtube.com/watch?v=KIIREzoMnnY. 
  18. ↑ "Global Excel Summit 2023 - Square of Fortune" (in en-US). 18 February 2022. https://www.youtube.com/watch?v=l-WEl4AgZFA. 
  19. ↑ "Continent Battle: Asia / Pacific" (in en-US). 31 March 2022. https://www.youtube.com/watch?v=cXkfKwVSqRg. 
  20. ↑ "All-Star Battle" (in en-US). 24 May 2022. https://www.youtube.com/watch?v=x1RVNGDSdw4. 
  21. ↑ "Women's Battle" (in en-US). 30 June 2022. https://www.youtube.com/watch?v=UMakNBf0dyg. 
  22. ↑ "Continent Battle: Africa" (in en-US). 28 July 2022. https://www.youtube.com/watch?v=kD3iVFvj9XE. 
  23. ↑ "Continent Battle: Europe" (in en-US). 25 August 2022. https://www.youtube.com/watch?v=1t8yj-NXph8. 
  24. ↑ "Global Excel Summit 2023" (in en-US). 23 February 2023. https://www.youtube.com/watch?v=NBT6jYdV0Vk. 



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