Every year over 5000 candidates participate in the Global Investment Banking Valuation Olympiad. The winning team receives a cash prize.

The teams participate in a three-stage competition where they get their valuation skills tested to the limit. The stages are as follows:

  • Stage 1: Online Business Valuation Test: Prior to the test day the participating teams will receive a link to the online test portal which will be valid at a certain time on the test day for one hour only.
  • Stage 2: M&A Case study: Top 20 winning teams from Online Business Valuation test will be notified in two weeks after the test and invited for 2nd stage of the competition.
  • Final Stage: Presentation: One week after the M&A case study submission, the top 10 winning teams will be contacted and invited for the 3rd stage of the Olympiad. The teams will be presenting their pitch and the winner will be elected after the presentation. The winning team will then be invited for an awarding ceremony.
  • The winning team will receive £1000 reward.
  • All participants will receive a 10% discount for the Global Investment Banking Program (full time or part-time) or the Investment Banking Boot Camp
  • Certificate of participation
  • Stage 1: Online Business Valuation Test
    The teams will complete an online valuation test containing the multiple-choice, true-false and essay questions. The test duration is one hour and the teams will have one attempt only. The participating teams will have only one online account per team therefore all team members have to take the test together on one computer and/or establish channels of communications within remote team members during the test.
  • Stage 2: M&A Case Study
    Top 30 teams will proceed to the second step of the competition. The teams will be provided the recent transaction case study, its financials and required information. Teams will have to submit following

    1) Investment Memorandum
    This is an investment rationale and should not be more than 3500 words excluding appendices. You are welcome to put Excel based financial numbers to support your analysis as a part of the appendix.

    2) Company valuations and financial models
    The valuation of the company will be based on their annual report with the help of Excel financial models.
    • Value the firm by comparing with its peer group (Comparable comps)
    • Value the firm using Discounted Cash Flow Model (DCF) along with both terminal value methods (Perpetuity Growth method and Exit Multiples)
    • Financial projections
    • M&A transaction-ready model with Accretion/Dilution analysis of the deal
  • Stage 3: Presentation at Greensea Capital
    We will finalise top 10 teams from the 2nd stage and will notify them one week after the submission of their M&A case study. All the final teams will be presenting their pitch to the board. The presentation will last no more than 20 minutes. Teams are suggested to be innovative and creative in their presentation.

    Winners will be announced on the same day of the presentation.

The winning teams will have to assume they work for a leading UK based mid-market M&A advisory firm and they have just signed an engagement letter with a client to represent them in finding a suitable buyer for their business. They need to identify a UK based company listed on the London Stock Exchange as a potential client and prepare a presentation.

The presentation will last no more than 20 minutes. The Investment memo should not be longer than 3,500 words excluding appendices. You are welcome to put Excel based financial numbers to support your analysis as a part of the appendix. The valuation of the company will be based on their annual report with the help of Excel financial models by the following two methods:

  • Value the firm by comparing with its peer group (Comparable comps)
  • Value the firm using Discounted Cash Flow Model (DCF) along with both terminal value methods (Perpetuity Growth method and Exit Multiples)
  • 2nd August 2019 – Registration Deadline.
       All participating teams must submit all necessary registration details by this date.
  • By 9th August 2019       Stage 1: Online Business Valuation Test
  • By 11th October 2019    Stage 2: M&A Case study
  • 15th November 2019     Stage 3: Final presentation in London

Only teams of 4 people (precisely) are eligible to register

  • The team leader must send the following details:
    • Team leader’s full name, email address, telephone number, postal address, university name
    • Full name, email address, telephone number, postal address, university name for each team member
  • All details must be sent by email to gbsolympiad@globalbanking.ac.uk
  • For ethical purposes all questions must be asked and will be answered in an "open mode" on our Facebook page