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

Multiple Choice Questions

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

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

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

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

5. What must potential MBA graduates secure the summer before graduation?
(a) A job.
(b) A place to live.
(c) Friends to help them through their jobs.
(d) A salary.

6. What was exciting about the DLJ training in August?
(a) The associates learned more about the company.
(b) The grads were traveled around the world.
(c) The graduates got to see New York City.
(d) The associates were exposed to expense accounts and lavish lifestyles.

7. What happened to the investment banker that overvalued the company?
(a) The investment bank would protect them.
(b) The banker hid the mistake.
(c) The banker was black marked.
(d) The banker was celebrated.

8. What is discounted cash flow analysis?
(a) An invented way of undervaluing a company.
(b) A way to count money.
(c) The means of discounting items that are for sale.
(d) Profit margins are used to pump up the future value of a company.

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

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

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

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

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

14. What kind of man was Ed Stanley?
(a) The head of the marketing department.
(b) An ugly rich old man.
(c) An upper level associate with lots of money.
(d) A rich man with lovely life and a number of golf courses.

15. When an associate worked on a pitch book, what could they always count on?
(a) Everything being perfect.
(b) Last minute changes.
(c) Waiting on other associates for missing pages.
(d) An easy process.

Short Answer Questions

1. In interviews, besides showing the personality of Troob and Rolfe, whose personalities were shown?

2. What word best describes the rich recruiters and their actions towards Troob, Rolfe, and the other recruits?

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

4. What do junior vice presidents dream of?

5. According to Troob and Rolfe, creating a pitch book was __________.

(see the answer keys)

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