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- Do you know what the most iconic formula in Microsoft Excel for aspiring consultants is? This formula or more precisely combination of formulas is so well known, so ubiquitous in consulting, there are tons of memes on all the consulting meme channels out there just about this formula in Excel. And this formula or combination of formulas is of course index-match. Index-match is a formula in Excel, which is often used by more competent, more senior consultants to divide the cohort of consultants into the beginners and those that are a bit more advanced, specifically when it comes to Excel. Index-match is considered a bit of a more advanced formula combination in Excel, and many new joiners in consulting do not really know how to use it. So if this is true for you as well, do not worry no more, I will show you how index-match works. I will show you in detail how the formula is working, and then also put together a simple little Excel exercise, based on a financial modeling situation an