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

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

3. What kind of firm was the investment bank that Rolfe and Troob were to work for?
(a) An older firm.
(b) Smart, caring and hardworking.
(c) New age.
(d) A new, aggressive kid on the block.

4. How much could a summer associate expect to work?
(a) Only on the weekends.
(b) A normal 40 hour work week.
(c) All the time and all hours.
(d) An 80 hour week.

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

Short Answer Questions

1. These two positions are the most senior at an investment bank. There are extremely few of these positions at the company. They usually make six figure incomes.

2. How long were typical interviews for positions as summer associates?

3. According to the authors, what did the Wall Street Business machine do to new MBA graduates?

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

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

(see the answer key)

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