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

Multiple Choice Questions

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

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

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

4. When were some of the only times new an old associates and old associates speak their true feelings concerning DLJ?
(a) After doing drugs.
(b) When they go on an outing to the Empire State Building.
(c) After a bonding experience in the country.
(d) When they were all very drunk.

5. If the role of match-maker and consultant diminishes, what happened for the investment banker?
(a) He made less money.
(b) He hates his job.
(c) He shares commission with other investment banks.
(d) Consults other investment bankers for a fee.

6. In interviews, besides showing the personality of Troob and Rolfe, whose personalities were shown?
(a) The managing directors.
(b) The school administrators.
(c) Vice presidents.
(d) Recruiters.

7. What did many recruiters like to do while traveling?
(a) Clubbing.
(b) Played golf.
(c) Relax and got massages.
(d) Went to expensive dinners.

8. How did Troob and Rolfe eventually become fast friends?
(a) Troob rescued Rolfe from being attacked at the office.
(b) Rolfe and Troob are very much alike.
(c) Troob helped Rolfe with a difficult task at work.
(d) Troob bailed Rolfe out of an embarrassing situation.

9. To the recruiters, what were Troob and Rolfe?
(a) Another deal or project to close.
(b) Stupid young men looking to make money.
(c) Easy targets to get recruited.
(d) Lackeys.

10. 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.

11. This is an upper position at an investment bank. There are usually plenty of these positions, but they must put in very long hours to be promoted.
(a) Analyst.
(b) Managing director.
(c) Vice presidents.
(d) Associate.

12. How did these people communicate with the associates in the Bullpen?
(a) By mail messenger.
(b) On instant message.
(c) Over email.
(d) Over the phone.

13. Why did most people become analysts?
(a) To do valuable work for an important cause.
(b) To make a lot of money.
(c) To see what investment banking is all about.
(d) To gain experience.

14. John Wolfe attended _____ while Peter Trobb attended _______ Business School.
(a) Wharton; Harvard.
(b) Brown; Stanford.
(c) Washington University; America University.
(d) Princeton; Yale.

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

Short Answer Questions

1. How did the associates justify the value of a company?

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

3. What do managing directors actually do?

4. Although vice presidents make associates difficult lives, associates cooperate because the vice presidents _______.

5. In general, what are associates expected to do?

(see the answer keys)

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