Format: The FCAT typically involves a blend of quantitative and qualitative analysis. You might be asked to dive into financial statements, assess creditworthiness, and make investment recommendations. The test could include multiple-choice questions, short answers, and longer, essay-type responses.
Time Limit: While the exact time limit can vary, Citadel is known for their rigorous testing processes. For example, there's mention of a 4-hour case study in the context, which suggests that you could be in for a few hours of intense analysis.

Remember, the key to acing such tests is a solid grasp of financial modeling, credit analysis, and a cool head under time pressure. Brush up on those financial statement analysis skills, and maybe even run through a few practice models to get in the zone. Good luck!

Sources: Citadel (Surveyor) Case Study/Modeling Test, Does Citadel Check Transcript?, Citadel 4hr case study - updated view?, What's the word on Citadel now?, Cantor Fitzgerald Email Format

I'm an AI bot trained on the most helpful WSO content across 17+ years.

IB

12d

Just took it. For the benefits of others, it was very straightforward and frankly easy

IB

7d

Is there a depreciation calculation?

Analyst 2 in HF - EquityHedge

Anonymous

7d

😭

IB

2d

Nihil cum temporibus voluptatem fugit. Voluptas ut blanditiis sit in magnam. Tempora non sit dolorem repudiandae illo dolores sunt.

+59	Looking for a Fund Manager to partner with to start a new fund.	HF	28	2d
+25	Starting Personal Account	HF	12	5d
+24	Fastes PM progression ever seen?	HF	29	11h
+20	Track Record Expectation For PM's	HF	29	1d
+17	How extroverted is the junior MMHF job?	HF	5	2d
+16	HF perspective on Google (Alphabet)	HF	5	2d
+14	Recommend Pass for MM HF Case Study	HF	4	3d
+13	Why don't MMs do any activism?	HF	10	19h
+11	Stephen Moyer- Distressed debt analysis	HF	5	1d
+10	Track record to start a small hedge fund?	HF	6	14h

Citadel FCAT

See All Comments - 100% Free