|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What did most of Bubble pitch books require?
(a) At least 300 page pitches.
(b) Constant brainstorming.
(c) Complete secrecy.
(d) Very colorful pictures.
2. In theory, what were analysts supposed to provide?
(a) Comparable multiple analysis
(b) Discounted cash flow analysis.
(c) An objective valuation analysis.
(d) Junior objective cash flow analysis.
3. What do managing directors actually do?
(a) Make the lives of senior vice presidents miserable.
(b) Scour the market for business and make deals.
(c) Make money for finance bankers.
(d) Sit in their offices and spend money.
4. What is the definition of valuation?
(a) Process of assigning a monetary figure to a compant.
(b) Creating worth for a company.
(c) Processing a sale.
(d) Making money for a company.
5. In the investment banking world, what were comps?
(a) Business of the same nature as the business being sold.
(b) Comparable profit margins.
(d) The name of a certain type of employee.
6. What is a large investment bank a part of?
(a) A hedge fund.
(b) Finance review board.
(c) A mutual fund.
(d) A large financial company.
7. As far as pitch books, who was very difficult to work for?
(a) Samules, a senior vice president.
(b) Jenrette, the owner of the company.
(c) Bubbles, a vice president.
(d) Gator, a managing director.
8. What was exciting about the DLJ training in August?
(a) The grads were traveled around the world.
(b) The graduates got to see New York City.
(c) The associates learned more about the company.
(d) The associates were exposed to expense accounts and lavish lifestyles.
9. When were some of the only times new an old associates and old associates speak their true feelings concerning DLJ?
(a) After doing drugs.
(b) When they were all very drunk.
(c) After a bonding experience in the country.
(d) When they go on an outing to the Empire State Building.
10. Why did most people become analysts?
(a) To make a lot of money.
(b) To do valuable work for an important cause.
(c) To see what investment banking is all about.
(d) To gain experience.
11. The first section of the pitch book did what of the following?
(a) Gives the values of the investment banking firm.
(b) Offered the value of the company.
(c) Overviewed the health of the company.
(d) Glorified the company.
12. At the time the book was published, what does the average upper level investment banker make?
13. How did these people communicate with the associates in the Bullpen?
(a) Over email.
(b) By mail messenger.
(c) On instant message.
(d) Over the phone.
14. At training, what were all new associates told they were?
(a) The golden child of the group.
(b) The runt of the group.
(c) The smartest group of recruits.
(d) Fresh meat.
15. What does the organizational chart of an investment bank look like?
(a) A diamond.
(b) A pyramid.
(c) A circle.
(d) A top down line.
Short Answer Questions
1. What was a perk of being a senior vice president?
2. If the associate or analyst does not come up with enough support for the valuation, what happened to them?
3. What kind of working hours did Troob and Rolfe expect?
4. Who developed the pitch book?
5. Many of the investment banks woo potential employees with money and __________.
This section contains 560 words
(approx. 2 pages at 300 words per page)