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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What were all nine summer associates looking forward to come fall?
(a) A big summer bonus.
(b) A permanent offer.
(c) A chance to impress the bosses.
(d) Going back to school.

2. What do junior vice presidents dream of?
(a) Becoming managing directors.
(b) A balanced life.
(c) Going to an island destination.
(d) Making friends with those who work

3. What happened to the investment banker that overvalued the company?
(a) The investment bank would protect them.
(b) The banker was black marked.
(c) The banker was celebrated.
(d) The banker hid the mistake.

4. What was a perk of being a senior vice president?
(a) Doing little work with
(b) Getting introduced to beautiful women.
(c) Huge salaries and more time to enjoy them.
(d) Meeting celebrities.

5. What is the main goal of a managing director?
(a) Travel for the company.
(b) Bring in a big fee for the company.
(c) To get famous clients.
(d) Find opportunities abroad.

Short Answer Questions

1. What did many recruiters like to do while traveling?

2. What is comparable multiple analysis?

3. 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.

4. What is the definition of valuation?

5. The third section of the pitch book did what of the following?

Short Essay Questions

1. According to Rolfe and Troob, much of their success was tied to what group of people?

2. Why did Discounted Cash flow Analysis annoy Troob and Rolfe?

3. To recruiters looking for summer associates, what were masters students considered?

4. What two things happen when managing directors brokers a deal with an outside company?

5. What is similar about Comparable Multiples Analysis and Discounted Cash flow Analysis?

6. Why was Rolfe scared of what he would become if he stayed with DLJ?

7. Name the sections of the pitch book and what is involved in each section.

8. When attempting to leave DLJ, how were the two men persuaded to stay?

9. What were the ranges of bribes that were considered appropriate by the copy center?

10. Why is the summer in between an MBA program critical for many students?

(see the answer keys)

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