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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. The summer between an MBA program is _________.
(a) Critical for finding a job.
(b) A time to see family before starting the school year.
(c) A very relaxing time.
(d) Critical for discovering if one wants to live in New York City.

2. What did new graduates start out as at investment banking firms?
(a) Word processors.
(b) Managing directors.
(c) Junior vice presidents.
(d) Associates and analysts.

3. In addition to "Cadillac" schools, now investment banks seek graduates from _______.
(a) Community colleges.
(b) State schools.
(c) Tier 2 schools.
(d) Only Tier 1 schools.

4. What did the winning investment bank distribute to potential buyers to get a sale?
(a) A graph booklet.
(b) A pitch book.
(c) A deed of sale.
(d) A prospectus.

5. How was one of Rolfe's friends able to get Rolfe a job?
(a) She used her charms to presuade a DLJ recruiter.
(b) She already worked at DLJ.
(c) She knew the recruiter and made a call.
(d) She asked her father to make a couple of calls to DLJ.

6. How much could a summer associate expect to work?
(a) All the time and all hours.
(b) An 80 hour week.
(c) Only on the weekends.
(d) A normal 40 hour work week.

7. How much did they learn about investment banking?
(a) Almost nothing.
(b) A little - the company excepted everyone to be up to speed.
(c) A lot the - the company provided all day training.
(d) They learned about items that

8. At training, what were all new associates told they were?
(a) The golden child of the group.
(b) Fresh meat.
(c) The runt of the group.
(d) The smartest group of recruits.

9. What kind of firm was the investment bank that Rolfe and Troob were to work for?
(a) New age.
(b) A new, aggressive kid on the block.
(c) Smart, caring and hardworking.
(d) An older firm.

10. Why did one associate fall asleep while questioning Dick Jenrette?
(a) The associate thought Jenrette was boring.
(b) He pulled two all nighters in a row.
(c) He was dared to act like her was falling asleep.
(d) He was extremely rude.

11. The first section of the pitch book did what of the following?
(a) Offered the value of the company.
(b) Overviewed the health of the company.
(c) Glorified the company.
(d) Gives the values of the investment banking firm.

12. Who was often assigned to the above person's pitch books?
(a) Miller.
(b) Troob.
(c) Rolfe.
(d) Michaels.

13. What were Troob and Rolfe not ready to do as they find out what there job will be?
(a) Stay late at the new job.
(b) Suck up to the supervisors.
(c) Ruin their morals.
(d) Leave DLJ.

14. How did the pitch book have to be designed?
(a) In an index card size.
(b) In black and white.
(c) To beat the competition.
(d) With all the associates input.

15. How much money to junior vice presidents make per year?
(a) $30,000
(b) $500,000.
(c) $60,000.
(d) $1,000,000.

Short Answer Questions

1. One in how many pitches typically wins a deal?

2. What was a perk of being a senior vice president?

3. What was another perk of signing with DLJ?

4. These two positions are the most senior at an investment bank. There are extremely few of these positions at the company. They usually make six figure incomes.

5. How did the recruiters get Troob and Rolfe to accept their offers?

(see the answer keys)

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