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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. The turn over rate in this position is extremely high. Many believe the position will be less abusive. Employees expect to quickly move up from this position, but are unable to.
(a) Analyst.
(b) Associate.
(c) Managing Director.
(d) Vice president.

2. What did investment banking begin as?
(a) A form of charitable giving.
(b) A way of lending money.
(c) A way to make money.
(d) A form of advice giving.

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

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

5. 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.

Short Answer Questions

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

2. How many summer associates worked at DLJ that summer?

3. To the recruiters, what were Troob and Rolfe?

4. In investment banking, what continually happened?

5. What is discounted cash flow analysis?

Short Essay Questions

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

2. How did Rolfe and Troob describe top tier business schools throughout the novel?

3. What is involved in a research analysts job?

4. Gator is described as being a pit bull who never wants to give up a pitch. Is this a good quality to have?

5. What are do the first two sections of the prospectus comprised of?

6. What is similar about Comparable Multiples Analysis and Discounted Cash flow Analysis?

7. How did the two recruiters persuade Troob to take the position?

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

9. Why did Troob become guilty after the holiday party? Why does Rolfe feel nervous about Troob's feelings?

10. Why were so many junior vice presidents always unhappy with their lives at DLJ?

(see the answer keys)

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