Beyond the Classroom: Why Learning Excel is an Investment for your Career
Feb 1, 2024
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Listen to competitors share why learning Excel is crucial for career success. Andrew Ngai reflects on his hobby turning into a competition at the HyperX arena in Vegas. Students discuss their favorite Excel formulas and the benefits of financial modeling. Get 15% off Advanced Financial Modeler Accreditation with code 'Podcast' at fminstitute.com/podcast
Participating in financial modeling contests enhances Excel skills and data analysis.
Competitive context in financial modeling contests fosters problem-solving and critical thinking skills.
Excel functions like XLOOKUP simplify data management and problem-solving in financial modeling scenarios.
Deep dives
Experience of Competing in the Financial Modeling Contest
Competing in the financial modeling contest was a thrilling experience for Tess and Spencer from the University of Arizona. They were part of the winning team and found the event engaging as they interacted with other teams during the preliminaries. The contest involved varied case studies, ranging from strike zones and batters to physics-related challenges. While Tess breezed through the first level, Spencer found the subsequent case challenging but ultimately rewarding.
Benefits of Participating in Financial Modeling Contests
Participating in financial modeling contests like this offers a fun and dynamic way to enhance Excel skills and indulge in data analysis. Tess highlights how the competitive atmosphere encourages learning different functions efficiently. Spencer emphasizes the significance of problem-solving in Excel within a competitive context, fostering critical thinking skills and keyboard shortcut mastery, all while enjoying the process.
Favorite Excel Feature or Function
Spencer appreciates the versatility of Excel's XLOOKUP function for its utility in data retrieval. Additionally, he delves into the efficacy of creating automated data tables for streamlining data analysis in financial modeling cases. Tess finds the sheer dynamic nature of Excel functions like XLOOKUP impactful in simplifying data management and problem-solving within complex financial modeling scenarios.
Benefits of Participating in the Excel Collegiate Challenge
Participating in the Excel Collegiate Challenge offers various benefits, such as enhancing financial and numbers thinking, building a strong resume, networking with like-minded individuals, learning to collaborate effectively, and gaining valuable skills in Microsoft Excel that are essential for future careers in fields like finance, investment banking, and venture capital.
Favorite Excel Functions and Hobbies Outside of School
Students shared their favorite Excel functions, including countifs, sum function, and xlookups, appreciating their versatility and usefulness. Outside of school and Excel, they enjoy hobbies like art, playing Magic: The Gathering, and exploring cultures and languages, showcasing diverse interests beyond academic and technical pursuits.
In this episode, we have another special treat for you which is part two of the Financial Modeling World Cup (FMWC) and the Microsoft Excel Collegiate Challenge (MECC). Paul attended modeling competitions in Arizona and Las Vegas watching competitors compete and talking to the commentators, spectators, and faculty, and we have brought you a few of those interviews.
Listen to this episode as :
Andrew Ngai shares how amazing it was to look out at the facility, the HyperX arena in Vegas, and realize that this was his hobby.
The founder of FMWC, Andrew Grigolyunovich talks about how it fulfilled a dream of his to talk about that.
Competitors share why learning Excel is so important for your career.
The students share some of their experiences, favorite Excel formulas, and why they're such big fans of Excel and financial modeling.
Quotes:
“Our slogan is “Learn, Train, Compete” for the Financial Modeling World Cup.”
Andrew Grigolyunovich
"It was the dream come true...that was exactly the moment that the thing that I was dreaming of, probably since back in 2016."
Andrew Grigolyunovich
"You're able to just help each other out. So, yeah, for me, my favorite part was the collaboration, just interacting."
Zach
Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’.