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

Multiple Choice Questions

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

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

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

4. What do top investment banking firms usually seek?
(a) More money.
(b) Graduates from priemer business grad schools.
(c) Smart graduates.
(d) Eager, investment bankers from other companies.

5. In addition to "Cadillac" schools, now investment banks seek graduates from _______.
(a) Only Tier 1 schools.
(b) Tier 2 schools.
(c) Community colleges.
(d) State schools.

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

7. This job in investment banking has no hopes for advancement. Employees are paid huge salaries but for two or three years live under harsh, abusive conditions until they can go back to school for their MBA degrees.
(a) Analyst.
(b) Vice President.
(c) Associate.
(d) Managing director.

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

9. How did the two men console themselves after accepting the offer?
(a) They will know their way around the company.
(b) Troob and Rolfe will have one another.
(c) They got to spend all the money the wanted.
(d) A more senior position would be easier.

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

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

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

13. Depending on the size of the deal that the investment bank brokered, what fluctuated?
(a) The size of the company.
(b) The bank's fee.
(c) Transaction time period.
(d) The cost of the transaction.

14. Who developed the pitch book?
(a) Analysts and associates.
(b) Associates under the guidance of vice presidents.
(c) Angry managing directors.
(d) Repressed junior vice presidents.

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

Short Answer Questions

1. As far as pitch books, who was very difficult to work for?

2. How did Troob and Rolfe eventually become fast friends?

3. How did summer associates get full time jobs?

4. If a company wants to sell a subsidiary, what is the process?

5. What did new graduates start out as at investment banking firms?

(see the answer keys)

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