December 4

Up Late, Preparing for ModelOff 2014

0  comments

It’s 12:14am and I’m up preparing for the 2014 ModelOff that’s happening this weekend in New York City. I stopped to look at the profiles of the 16 competitors and there are some common themes. First, many are from the Australia-New Zealand region. When I think of that part of the globe I don’t think Excel of financial modeling. I think:

  1. Feral camels
  2. RamBro, New Zealand’s angry ram.

 

But in all seriousness …

In response to questions about “how did you get so good with Excel?” consistently the finalists said that they weren’t formally trained in Excel. What emerges is a willingness to dig in, figure stuff out and ask questions. As much as being good at the game, they’re also students of the game.

This is fascinating because the responses to a few open-ended questions paint an image of the limitations of a single human being:

  1. Being fearless in the doing of something.
  2. Making a habit of accessing resources.

But there’s an even deeper level: passionate commitment to succeeding in doing that thing.

Finalist Dmitry “The Russian Rocket” Kaysin describes that passionate commitment when asked about the best advice he’s received at work: The “It was like that when I got here” excuse is for whiners.

 

Everyone makes mistakes; add error checks to all of your models!
Owen Auger, ModelOff 2014 finalist from New Zealand

 

It’s a special breed of person that ends up a finalist at ModelOff. I’ll never be one. But, after reading the profiles of the finalists, what I come away with is deeper belief that being a good analyst goes beyond Excel. It demands passionate commitment to a larger objective than being good at Excel.

 

 

 

Oz Du Soleil
Latest posts by Oz Du Soleil (see all)

Tags

2014 ModelOff, Excel Modeloff, Financial Modeling, Modeloff, ModelOff Finalists


You may also like

April 9, 2011

How to Create a Rollover Effect in Excel: Execute a Macro When Your Mouse is over a Cell

October 26, 2014

Monte Carlo Simulation Formula in Excel – Tutorial and Download

September 17, 2012

The Excel Rollover Mini FAQ
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Free 24 Excel Tips Guide

Discover the secrets to Excel efficiency with our free guide: '24 Proven Microsoft Excel Tips to Help You Save Time'

A humble gift from us to you, to make your Excel journey smoother and more productive. Grab your copy now and start mastering Excel like never before!

>