The Competition

Merging Future Talent

CBS Finance Competition, which will be hosted in week 15-16 2024, targets bachelor and master students across all universities in the Nordic. Participating students will be tested thoroughly in their financial as well as strategic abilities when solving a real-life M&A case.

The annual case competition is open for both bachelor and master students at all major Nordic universities with an interest in M&A. The case will be launched at our case launch, enabling students from outside of Copenhagen to participate in the comfort of their own home universities. Travel expenses of up to €1000 per team will be covered for all international participants making it to the semifinals.

CBS Finance Competition facilitates a unique network between the best students and our corporate partners granting recruiters access to a wide and diversified talent pool.

Each team will consist of 3-4 students. You can sign up as a team or individually. If you are a part of a team, all team members must sign up individually and write their team name when signing up.

If you are not part of a team, simply write ‘X’ as the team name, and we will do our best to put you in a team with students that have similar experience and educational background. 

Case Format

Participating students will be judged on their performance in front of the jury as well as their capabilities in identifying and adressing case specific issues.

The case will resemble all aspects of a typical M&A process in the best possible way.


Students are provided with case material containing relevant information regarding the current situation of the company and the specific questions, which the students are asked provide an answer to.


The students will conduct analyses based on financial, strategic, and legal aspects of the target company utilizing both case material as well as externally available information.


Through databases such as Factset and MergerMarket, the students will come up with a valuation of the company, using a mix of different valuation methods.


Finally, the students are asked to identify potential buyers and come up with a suggestion for an ideal M&A process together with other financial and strategic alternatives.


The students submit their answer in a presentation format and, if selected, they are invited to present their findings in the semifinals in front of experienced M&A professionals.

CBS Finance Competition 2022 – Fellowmind

Prepare yourself and download the case from 2022 on Fellowmind – the 4th edition of CBS Finance Competition!

Download the 2022 winning team “Fat MOIC & Co” slides from the Grand Finale!

CBS Finance Competition 2019 – Active Brands

Prepare yourself and download the case from 2019 on Active Brands – the 3rd edition of CBS Finance Competition!

CBS Finance Competition 2018 – Fitness World

Prepare yourself and download the case from 2018 on Fitness World – the 2nd edition of CBS Finance Competition!

Download the 2018 winning team “Vasiceks Disciple's” slides from the Grand Finale!

CBS Finance Competition 2017 – Danfoss

Prepare yourself and download the case from 2017 on Danfoss – the 1st edition of CBS Finance Competition!