• About IFO

    An International Finance Contest for Secondary School Students

    With the development of business and technology, the world is more dynamic than ever. New emerging industries, business models and innovative products are continuously changing our world. However, such transformation will not be possible without the fuel from professional investors and financial institutions.

     

    The International Finance Olympiad (IFO) is an emerging student competition in the fields of finance and economics, designed to nurture and develop the next generation of financial talent. With a focus on critical thinking, analytical skills, and real-world problem-solving, IFO prepares students to navigate the evolving landscape of global finance and economics, equipping them with the knowledge and tools for future success in the industry.

     

    IFO carries the Olympiad spirits to the learning of financial skills. It builds great challenges and tests for our young talents today and push them to grow and explore their limits. Through IFO, they can be more prepared to take tomorrow's challenges after they step into the finance industry.

  • International Finance Olympiad 2025

    Information About the IFO 2025 Will Be Posted Here.

    Updated Recommended Reading for IFO

    Nov. 12, 2024

    We’ve updated our list of recommended reading for the International Finance Olympiad (IFO). These resources are for self-study and may assist you in tackling case analysis challenges.

    IFO Expands Registration Options

    Nov. 1, 2024

    We are excited to announce that the International Finance Olympiad (IFO) will move beyond its invitation-only format and offer more spots for open registration.

    Exciting Announcement: IFO Expands to High School Students in 2025

    Oct. 23, 2024

    We are thrilled to announce that in 2025, the International Finance Olympiad (IFO) will open its doors to high school students, allowing them the opportunity to participate in this prestigious finance competition for the first time.

  • The 2025 IFO Experience

    Two Rounds of IFO Experience

    The IFO Global Grand Test

    September 6th, 2025

    The IFO Global Grand Grant Test is a comprehensive competency-based test that measures students' literacy, knowledge and competency in finance.

    The IFO Global Grand Test also acts as the qualification test for the International Final.

    The Global Grand Test consists of 30o questions covering various topics and fields in finance and lasts for 150 minutes.

    For global accessibility, the Global Grand Test is an online test with remote proctoring. Students can take the test either at school or at home.

    Students will receive score transcripts, grading and national/regional awards.

    The IFO International Final

    September 20th-27th, 2025

    Top performers of each country/region in the Global Grand Test will advance to the annual International Final representing their nations/regions.

    Each nation/region can send 1 team (if qualification pool size <50) or two teams (if qualification pool size >=50) to the International Final. The national/regional team formation will be purely rank-based but not school-based.

    The IFO International Final has two modules: a Case-based Objective Test and a Case Analysis & Presentation.

    For global accessibility, the International Final will also be conducted online. The Case-based Objective Test is a remote online test. The Case Analysis & Presentation requires students to submit the presentation video online.

  • IFO 2025 Application

    Schools/institutions and students interested in participating can now

    submit their registration.

    Registration Deadline: August 31st, 2025 23:59:59 (Your Local Time)

    For school advisors: after you submit the school registration form, we will manually verify your registration and come back to you within 3-5 business days with dedicated school/advisor accounts and exclusive student registration links for your school to enter students.

  • Process

    Please follow the steps to get your best IFO experience.

    1

    Apply

    Submit your application for IFO 2025

    2

    Register

    Lock your spot once your application is approved

    before Aug. 31st, 2025

    3

    Prepare

    Prepare with IFO instructions and online tutorials

    4

    Global Grand Test

    Take the IFO Grand Test independently

    September 6th, 2025

    5

    Advancement

    Top perfomers of each nation/region advance to the Final Round

    6

    Case Presentation

    Prepare and submit your team presentation video

    Sept. 20th-26th, 2025

    7

    Case-based Objective Test

    Take the case-based objective test

    Sept. 27th, 2025

    8

    Announce

    IFO award winners will be officially announced

    Oct. 4th, 2025

  • Rewards

    Enjoy IFO as a rewarding experience.

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    Awards for Winners

    Gold, Silver and Bronze awards will be given to winner teams based on their scores in the final round.

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    Grade Certificate

    Participants will receive tiered grade certificate based on their score in the Grand Test.

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    Certified Transcript

    Every contestant will get transcript to prove relevant experiences in their profiles and resumes

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    Skill Improvement

    Learn and polish your financial skills and analytical techniques via official guides, practice and tutorials.

  • Frequently Asked Questions

    Know more about IFO

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    Is the IFO an individual competition or team competition?

    The IFO is both—an individual Qualification round and a team Final round. Teams for the Final are automatically formed from top-performing students in the Qualification, without the need to form teams by students.

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    What is the scope of the Grand Test?

    The Grand Test will be primarily based on the IFO Official Syllabus and Guide, which will be made available after the 2025 registration opens.

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    Is the IFO competition online or offline?

    The competition will be held entirely online. The exam will be conducted through a dedicated online examination system, and the presentation will be submitted in the form of a video. All you need is a computer device with access to the internet.

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    I can't find an advisor / My school is unwilling to organize the registration. Can I register without an advisor?

    NO, advisor is required. An advisor doesn't need to be heavily involved in the registration process; they just need to verify your academic level and identity if we contact them. You can reach out to a former teacher or an external mentor who is familiar with your academic background.

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    I'm currently on a gap year. Am I eligible to participate?

    No, only students who are currently enrolled in high school (and have not yet graduated) are eligible to participate.

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    I'm studying in the U.S., but I'll be in Singapore during the competition. Should I register with the U.S. or Singapore?

    The exam time is automatically assigned based on the country/region you select during registration. If you'll be in Singapore during the exam, it's advisable to register with Singapore to avoid taking the exam in the middle of the night. However, advancement is also determined by country/region. If you register as a Singaporean student, you'll be competing with other Singaporean students for advancement opportunities.

  • Reference List

    Here are some recommendations for references to learn about business valuation, financial statement analysis, etc., which could be helpful for the case analysis.

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    Professional Books and Websites

    1. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum & Joshua Pearl
    2. Financial Modeling by Simon Benninga
    3. Investment Banking Technical Training on StreetofWalls
    4. Valuation Tutorials on WallStreetMojo
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    Financial Information Resources

    Bloomberg______________Reuters______________YCharts

    FactSet _____________ S&P Capital IQ_________Yahoo Finance

    etc...