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This quiz consists of 5 multiple choice and 5 short answer questions through The Merry-Go-Round.

Multiple Choice Questions

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

2. According to Troob and Rolfe, creating a pitch book was __________.
(a) Very interesting.
(b) Useful for the rest of their careers.
(c) Tedious punishment.
(d) The best part of their job.

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

4. On average, how many times is a pitch book sent back to word processing?
(a) One.
(b) Nine.
(c) Twenty.
(d) Five.

5. After word processing, who was next in line to receive the pitch book?
(a) The managing directors.
(b) Copy center.
(c) The buyers.
(d) The client.

Short Answer Questions

1. What is the main goal of a managing director?

2. How much did Rolfe know about investment banking, prior to starting as a summer associate?

3. In addition to edits, what else would upper management request changes on?

4. What do managing directors actually do?

5. One in how many pitches typically wins a deal?

(see the answer key)

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