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

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

3. To the recruiters, what were Troob and Rolfe?
(a) Lackeys.
(b) Stupid young men looking to make money.
(c) Easy targets to get recruited.
(d) Another deal or project to close.

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

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.
(a) Associate.
(b) Managing director.
(c) Analyst.
(d) Vice President.

Short Answer Questions

1. 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.

2. How many summer associates worked at DLJ that summer?

3. What did new graduates start out as at investment banking firms?

4. How long did the new associate training last at DLJ?

5. Why did one associate fall asleep while questioning Dick Jenrette?

(see the answer key)

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