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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

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

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

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

5. What did the new employees all enjoy during the training?
(a) Being wined and dined.
(b) Seeing the sites of New York City.
(c) Learning more about DLJ.
(d) Getting to know their fellow associates.

Short Answer Questions

1. Who rarely visited the Bullpen?

2. When did two senior bankers arrive at Harvard to recruit Troob?

3. What do most business schools indoctrinate into their grads?

4. How much did they learn about investment banking?

5. The second section of the pitch book did what of the following?

Short Essay Questions

1. How do the Rolfe and Troob's personal accounts of interviews and the recruiters personalities create a humorous mood?

2. Why must DLJ employees keep their bonuses a secret?

3. Finally, what happened to the pitch books to ensure they were properly finished?

4. Why was it assumed that almost everyone would receive bonuses?

5. Describe the organization of an investment banking firm.

6. Upon his return to Harvard, what type of recruiters visited Troob?

7. What two things happen when managing directors brokers a deal with an outside company?

8. In an investment bank, how do analysts differ from associates?

9. Although the hours where very long, how did DLJ "thank" its associates for all their work?

10. Unfortunately for associates, what takes priority over any other job they might have been assigned?

(see the answer keys)

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