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

Multiple Choice Questions

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

2. Why did Troob have a better chance of landing a new job?
(a) He was more approachable.
(b) He knows more recruiters.
(c) He had family connections.
(d) He had a job in the banking industry.

3. At the time the book was published, what does the average upper level investment banker make?
(a) $1,000,000.
(b) $2,000,000.
(c) $950,000.
(d) $750,000.

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

5. How much did they learn about investment banking?
(a) A little - the company excepted everyone to be up to speed.
(b) A lot the - the company provided all day training.
(c) Almost nothing.
(d) They learned about items that

6. As far as pitch books, who was very difficult to work for?
(a) Samules, a senior vice president.
(b) Bubbles, a vice president.
(c) Gator, a managing director.
(d) Jenrette, the owner of the company.

7. What is comparable multiple analysis?
(a) Ignoring reputable comps in the market.
(b) Forcing a selling company to match the profile of another company.
(c) Sharing comps with other investment banks.
(d) Creating additional comps for the market.

8. In investment banking, what continually happened?
(a) Clients bought companies at inflated prices.
(b) Companies hardly buy other companies.
(c) Clients compromise the sale of their companies.
(d) Clients sold multiple companies at once.

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

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

11. What did investment banking begin as?
(a) A form of charitable giving.
(b) A form of advice giving.
(c) A way of lending money.
(d) A way to make money.

12. Who rarely visited the Bullpen?
(a) Managing directors and senior vice presidents.
(b) Junior VPs.
(c) Analysts.
(d) Normal associates.

13. What word best describes the rich recruiters and their actions towards Troob, Rolfe, and the other recruits?
(a) Mean bullies.
(b) Grown up frat boys.
(c) Cattle ranchers.
(d) Match-makers.

14. If a company wants to sell a subsidiary, what is the process?
(a) To contact several banks and accept the best pitch.
(b) Go through lawyers.
(c) They must petition the SEC.
(d) To use only one investment banker.

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

Short Answer Questions

1. What was another perk of signing with DLJ?

2. How did the recruiters get Troob and Rolfe to accept their offers?

3. John Wolfe attended _____ while Peter Trobb attended _______ Business School.

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

5. Who was the first MBA student to receive recruiters?

(see the answer keys)

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