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

Multiple Choice Questions

1. How did the associates justify the value of a company?
(a) Doing research of the company that is for sale.
(b) Whatever creative methods he needed to use.
(c) Discussing the value with lawyers.
(d) Math equations.

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

3. How did the two men console themselves after accepting the offer?
(a) They got to spend all the money the wanted.
(b) A more senior position would be easier.
(c) They will know their way around the company.
(d) Troob and Rolfe will have one another.

4. In general, what are associates expected to do?
(a) Create lies for their companies.
(b) Sit in on meetings and take notes.
(c) Generate a lot of factual information for the buying and selling of companies.
(d) Be personal assistants for managing directors.

5. What did the department heads explain to the new recruits?
(a) Investment banking 101.
(b) How to work the investment banking system.
(c) How to get ahead in banking life.
(d) Explained their little piece of DLJ.

6. When did two senior bankers arrive at Harvard to recruit Troob?
(a) January.
(b) September.
(c) May.
(d) October.

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

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

9. Although both men promised themselves that they would have great jobs they were passionate about, they both ____________.
(a) Wait for investment companies they can trust.
(b) Get no job offers.
(c) Really wanted to work for DLJ.
(d) Were sucked into the money machine.

10. Upon accepting the offer to DLJ, what were both Troob and Rolfe given?
(a) A new car.
(b) A New York City apartment.
(c) A promise of a 20% raise in a year.
(d) A sign-on bonus.

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

12. How many summer associates worked at DLJ that summer?
(a) Fifteen.
(b) Three.
(c) Twenty.
(d) Nine.

13. How long were typical interviews for positions as summer associates?
(a) On a Friday for a couple of hours.
(b) Conducted over a weekend.
(c) Only an hour.
(d) Happened over a couple of weeks.

14. What do growing businesses need to expand?
(a) Gains and losses.
(b) Bonds.
(c) Capital.
(d) Stocks.

15. While investment bankers jobs have stayed somewhat the same, what had changed?
(a) More people have access to the inside scoop.
(b) They no longer want to sell companies.
(c) Bankers have expanded their job capabilities.
(d) SEC regulations.

Short Answer Questions

1. What did most of Bubble pitch books require?

2. What is a good way to describe the junior vice presidents?

3. What is comparable multiple analysis?

4. In theory, what were analysts supposed to provide?

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

(see the answer keys)

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