To those of you have taken both, which one do you think was harder?
I took the Citadel one recently and have a Point72 model test (+ Wonderlic) coming up. I was not a fan of the Citadel model test being browser-based with such limited functionality. Does one test focus more on the a cash flow build, debt build, or PP&E, etc?
I can always pm you if you have intel on P72 and need intel on Citadel's test.
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With these tests, really focus on the revenue builds and how these assumptions filter down the statements. No one cares about your PP&E schedule if we're paying you to get the right EPS number.
P72 was an incomplete model that you had to fix up and calculate specific ratios.
Is a perfectly completed model what is required to get to the next round? For example, is a balance sheet that doesn't balance by a small amount, or if your ROIC is calculated incorrectly an automatic ding?
hardcode your goodwill and that fixes that! (JK... sorta)
I would get ROIC right though... I have never taken these but my impression from reading previous threads is that "income statement +" models are somewhat fine, where you may have the balance sheet drivers feeding through to a very basic BS (DIO, DSO, etc.), but run out of time on reconciling CF statement, and maybe just do some basic CF metrics as a bonus. The point seems to be that you should arrive at a place where you can talk about the range of earnings outcomes over the next few quarters (and your valuation ranges as a result) so that you can discuss the set up on the stock somewhat intelligently (ie: what key drivers and/or unit economics do we need to underwrite to make money here, why would this risk/reward be attractive or not)
del cos dox
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PM me - have been through P72 test and BD, would be interested to hear about Citadel
I doing my Citadel online modelling test tomorrorw, PM me if you can for help and tips! I have done the P72 modelling test if anyone needs help with that
can you PM me please?
PM please
Hi could you please PM me or share some color here on the P72 modeling test...? would highly appreciate it!
Hi I have a 45 min modelling test for P72. Can anyone provide any insight please? What should I expect?
Can you PM me with info on Citadel test?
can you pm me please?
Hi could I please pm you or could you please share some color on the three statement modeling? which part was the hardest part especially on the debt side or depr & amor ?
Are these 45-min tests annual or quarterly?
Anyone can shed some colour on citadel’s screening model?
there’s another forum discussing a few online resources that have examples of the modeling tests given by citadel and p72. I used when interviewing and almost the exact same which helped
would you mind sharing which online resources you used to prepare, back when you interviewed?
Is this for ft ?
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