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

Multiple Choice Questions

1. In the grand scheme of things, an associate was just _________ in the larger financial picture.
(a) Unnecessary.
(b) The most important part of the job.
(c) A piece of dust.
(d) Meaningless.

2. Who was often assigned to the above person's pitch books?
(a) Rolfe.
(b) Miller.
(c) Troob.
(d) Michaels.

3. What was another perk of signing with DLJ?
(a) A new wardrobe.
(b) A relocation bonus.
(c) Free car.
(d) Dating service membership.

4. In the investment banking world, what were comps?
(a) Business of the same nature as the business being sold.
(b) Competitors.
(c) Comparable profit margins.
(d) The name of a certain type of employee.

5. One in how many pitches typically wins a deal?
(a) Nine.
(b) Five.
(c) Three.
(d) Ten.

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

7. What does the organizational chart of an investment bank look like?
(a) A diamond.
(b) A circle.
(c) A pyramid.
(d) A top down line.

8. 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 sign-on bonus.
(d) A promise of a 20% raise in a year.

9. According to Troob and Rolfe, creating a pitch book was __________.
(a) Useful for the rest of their careers.
(b) Tedious punishment.
(c) The best part of their job.
(d) Very interesting.

10. Who acts extremely rude and perverse on a social night out?
(a) Gator, a sharp tongued managing director.
(b) Smith, an analyst.
(c) Ferrano, a permanent associate.
(d) Bubbles, an annoying VP.

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

12. What investment bank did Troob secure a job with?
(a) Lehman Brothers.
(b) DLJ.
(c) Barclays Capital.
(d) Anz Investment Bank.

13. What place did the recruiters think was appropriate to take Troob, Rolfe, and others?
(a) A strip club.
(b) Out for pedicures.
(c) A bowling alley.
(d) To a basketball game.

14. What activity took up most of the summer associates' time?
(a) Fetching lunch and dinner for the higher ups.
(b) Developing pitch books.
(c) Meetings.
(d) Traveling to develop pitches.

15. What do investment bankers work to secure for growing, flourishing businesses?
(a) Different, expanded office space.
(b) Money and capital.
(c) New employees.
(d) Sub mortgages.

Short Answer Questions

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

2. What did investment banking begin as?

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

4. What was a perk of being a senior vice president?

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

(see the answer keys)

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