VLOOKUP() vs. INDEX(MATCH()), which should you use?!

VLOOKUP() vs. INDEX(MATCH())

         I recently read an excellent article, where its Excel MVP-author makes a very compelling, albeit biased argument towards using INDEX(MATCH()) function combo, instead of taking the VLOOKUP() route. That article jokingly proclaimed the end of the VLOOKUP vs. INDEX(MATCH()) debate. Interestingly enough, some of the heavy-weight Excel MVPs and expert users weighed in on this issue, in essence continuing the debate. One of the commentators, published an equally brilliant rebuttal, skewing the victory towards the VLOOKUP function. Being a biased VLOOKUP proponent myself, I concur with his conclusion completely. In addition, I’d like to throw in a crazy idea of using SQL as a better, faster, more flexible, and easier solution, comparing to either: VLOOKUP(), or INDEX(MATCH()).

Popularity

         I believe there is no disagreement here: VLOOKUP enjoys tremendous popularity. People have different opinions whether this popularity is justified. I belong to the “ease of use” and “ease of learning” VLOOKUP camp: two of many factors that help us explain high adoption rate of this function among all Excel users.
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