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This quiz consists of 5 multiple choice and 5 short answer questions through Training Wheels.

Multiple Choice Questions

1. How much did Rolfe know about investment banking, prior to starting as a summer associate?
(a) A lot because his father was an "I-Banker."
(b) He was a summer associate, so he knew a lot about the industry.
(c) He knew a lot because all his friends were in banking.
(d) He knew very little because he had not worked for an investment bank.

2. When were some of the only times new an old associates and old associates speak their true feelings concerning DLJ?
(a) When they go on an outing to the Empire State Building.
(b) After a bonding experience in the country.
(c) After doing drugs.
(d) When they were all very drunk.

3. Who was Les Newton?
(a) A mean managing director.
(b) A whiz kid with a lavish lifestyle.
(c) A pit bull in meeting with clients.
(d) A gator who never lets a pitch dies.

4. How long did the new associate training last at DLJ?
(a) One week.
(b) Six weeks.
(c) Two months.
(d) Three weeks.

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

Short Answer Questions

1. The personal accounts of the interview process by both Troob and Rolfe were filled with ______ and ______.

2. 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.

3. What was clear about Troob and Rolfe's choice of career?

4. At training, what were all new associates told they were?

5. This job in investment banking has no hopes for advancement. Employees are paid huge salaries but for two or three years live under harsh, abusive conditions until they can go back to school for their MBA degrees.

(see the answer key)

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