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Based on the most helpful WSO content, it seems that running out of time during Citadel's modeling tests is not uncommon. Many candidates have shared similar experiences, particularly with the clunky structure of the web exam format. The test often involves building a model under tight time constraints, and some candidates have noted that they struggled to finish due to the time pressure and the need to adapt to the format.

However, not finishing the model doesn't necessarily mean an automatic rejection. According to previous WSO threads, Citadel places significant emphasis on your ability to demonstrate technical modeling skills, business understanding, and the ability to identify key issues, risks, and drivers. For instance, some candidates who didn't complete the full three-statement model but focused on building a thoughtful income statement with detailed revenue and cost builds still managed to pass and even secure offers.

The key takeaway is that while finishing the model is ideal, showcasing a strong understanding of the business and presenting a well-thought-out partial model can still leave a positive impression.

Sources: Citadel (Surveyor) Case Study/Modeling Test, GMAT Study Plan, Any Crazy CFA® Success Stories?, https://www.wallstreetoasis.com/forum/investment-banking/how-to-fail-the-cfar-level-2-exam?customgpt=1, Updated SIE/79/63 Advice - 2023