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

Multiple Choice Questions

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

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

3. What do managing directors actually do?
(a) Sit in their offices and spend money.
(b) Scour the market for business and make deals.
(c) Make money for finance bankers.
(d) Make the lives of senior vice presidents miserable.

4. What do junior vice presidents dream of?
(a) Making friends with those who work
(b) Going to an island destination.
(c) Becoming managing directors.
(d) A balanced life.

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

6. How much money to junior vice presidents make per year?
(a) $1,000,000.
(b) $30,000
(c) $500,000.
(d) $60,000.

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

8. How did summer associates get full time jobs?
(a) They worked very hard.
(b) Did jobs in addition to investment banking.
(c) Ran errands for supervisors.
(d) By kissing a lot of butts of superiors.

9. Who was the first MBA student to receive recruiters?
(a) Jameson.
(b) Troob.
(c) Smith.
(d) Rolfe.

10. Who were typically investors for new companies?
(a) Pension funds.
(b) Mutual funds.
(c) Hedge funds.
(d) All of the above.

11. Of all the positions, who was the lowest and most numerous?
(a) Associates.
(b) Analysts.
(c) Banking clerks.
(d) Assistants.

12. What happened if a company was overvalued by an investment banker?
(a) The bank will try to keep the secret.
(b) The SEC got involved.
(c) The market will hide the true nature of the company.
(d) The market will show the company is overvalued.

13. What do investment banks no longer put up front to help the new business?
(a) Their lawyers opinions.
(b) Their stock portfolios.
(c) Their own money.
(d) Investor names.

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

15. What is the main goal of a managing director?
(a) To get famous clients.
(b) Bring in a big fee for the company.
(c) Travel for the company.
(d) Find opportunities abroad.

Short Answer Questions

1. How long were typical interviews for positions as summer associates?

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

3. While investment bankers jobs have stayed somewhat the same, what had changed?

4. What were Troob and Rolfe not ready to do as they find out what there job will be?

5. What happened to the investment banker that overvalued the company?

(see the answer keys)

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