Banking East Coast Dress Code

From FINS, a Financial Industry website, on how to dress

For Men

If you are a sell-side analyst, you will be wearing a suit everyday. That means you need to invest in good-quality suits in a variety of colors. When building your suit wardrobe, start with a solid gray and a solid navy and then add a gray or navy muted pinstripe, said Jessica Cadmus, a former Goldman Sachs employee who founded Wardrobe Whisperer, a personal shopping/stylist consultancy.

She recommends a two-button suit with double vent, notched lapel and straight but tailored leg. Don’t worry about buying an Armani suit — you’ll be fine with something from JCrew or Banana Republic if that’s what you can afford in the beginning.

“Worry about buying an Armani”? Why should I ever waste my money?

Plain-front pants are ideal. “For God’s sake, don’t be the guy who shows up with pleated pants,” said an associate at a hedge fund.

OMG! the world will end with pleated pants!

When choosing a shirt, make sure to pick out dress shirts, that is, shirts without buttons on the collars. Shirts with buttons on the collar are called sport shirts and are considerably less formal.

The solution? Buy cheap sport shirts and remove the buttons. I bet this saves $$.

You should steer clear of French cuff shirts, cuff links and monograms, which are best left to vice presidents and above, said the hedge fund associate.

After you’ve chosen a shirt, make sure your tie and collar are proportional. Big tie knots like the Windsor should be worn with spread collars, and smaller knots like the Half-Windsor or Four-in-Hand should be worn with point collars. Bigger knots are preferred, said a first-year hedge fund analyst in New York City.

Seriously, people look at the size of tie knot?

Windsor (Big) = good.
Four-in-hand (small) = bad.
The Windsor is a large, symmetrical, self-releasing triangular knot. The tie was named by Americans in the 1920-30’s after the Duke of Windsor. The Duke was known for his fondness of large triangular tie knots, but didn’t in fact invent this particular knot. His secret was a specially tailored tie with an extra thickness of material.
The “Four-in-hand” knot has its name from the drivers of the four-in-hand carriage in the mid-1800’s, who tied their scarves and the reigns of their carriage with this knot. It is a small knot with a distinctive elongated, asymmetric shape.

Ahh, now you can understand. You see a Duke of Windsor knotting comes from aristocracy. The “Four-in-Hand” tie knot, clearly inferior because it originates from the lower class. Nice to know it isn’t just what you wear but how you wear it that is “important”.

When you’re low on the food chain, your goal is to blend in. That means choosing a basic blue, red or gold tie. Avoid the novelty ties until you advance, said Ron Ferguson, a concierge at Brooks Brothers. Once you do, you can wear ties with a golf-club or yacht-pattern, depending on your interests.

See the nice people at ComputerGear.com

Cool. I can then wear one of these fine ties.

Make sure your shoes and suit go together. If you’re confused about the color palette, this graphic ( original ) might help.

Apparently brown goes with everything. As an added bonus, shit looks nicer with brown.

A pair of lace-up oxfords in brown and black, as well as pair of loafers in brown and black, will work. Make sure to match the belt to the shoes.

Its nice to know that uncomfortable shoes are the key.

Pireneo Exotic Moccasin ($2300)

At a firm like Goldman, Ferragamo shoes are a sign of “arriving,” so don’t pick up a pair until you’re at least a managing director, a source told Business Insider.

An anonymous source for dress code in Goldman Sachs?

Peon place if you will

You may be tempted to dress casually on Fridays when you see some of the senior executives stroll in wearing polo shirts and khakis. Don’t do it, said an associate at a hedge fund: “They are making a magnitude more than you are, and are headed to their summer home after work Friday where such attire is appropriate. You are going back to Murray Hill“.

Now this is important. Be sure to get your little hovel in Murray Hill, not Curry Hill. While Curry Hill is a little closer to work, Curry Hill residents have that odor of curry to their clothes which as we know, is a definite no-no.

The so-called “gunners,” or competitive, overly-ambitious coworkers, may try to pull it off, but it makes them look foolish, the associate said.

Because we all know that relaxed and comfortable is foolish.

Finally, choose your accessories wisely. A good watch is a status symbol, so

Associates
Vice Presidents
MDs

TAG Heuer 'Carrera' Automatic Tachymeter Watch ($4100). (Wait for the sale!)

EXTRA-FLAT Baloon bleu de Cartier WATCH, EXTRA-LARGE MODEL ($32,550)

Patek Star Caliber 2000G ($More than you can afford)

but analysts should stick to something like a Swiss Army watch to avoid looking too flashy, Cadmus said.

Alpnach Chrono - Limited Edition ($3495)

As a sidenote, what is with the high-watch websites with crappy last millennium web design fashion sense. Flash-sites yech!

“Wear a good-looking and professional watch, but nothing too nice or you risk having a nicer watch than your boss or client,” said a first-year hedge fund analyst. “You’d think this wouldn’t be an issue, but you would be amazed how many guys show up on the first day of their internship wearing a $5,0000 [sic] Cartier or Montblanc watch.”

Ok, women you are not off the hook either

For Women

Women will require the same basic suiting options: a skirt, jacket, pants and if you’re a lucky, a matching dress.

Hmmm…. what are the vegas odds here? Or does this mean that most women will look like shit and only the lucky ones will be able to find something that actual matches and looks good?

When choosing a skirt, make sure it’s not too short — even brands that claim to be for professionals can offer skirts that just don’t provide enough coverage.

too much leg!

I suggest the always fashionable burka?

It may not be the most flattering look, but keep the skirt slightly above your knees to avoid any Hilton/Lohan/insert-starlet-here wardrobe malfunctions. Don’t think about rocking a red suit or dress until you’re at the MD level.

An important thing to keep in mind is caring for the suit. It sounds counterintuitive, but you should avoid dry cleaning, Ferguson said. He recommends dry cleaning only once or twice a year because too many chemicals will damage the material and wear the suit out faster. Instead, hang up the suit carefully so as to allow it to air out, which is really all it needs, Ferguson said.

When you do dry clean, make sure to send both pieces together so as to maintain the consistency of the color.

Just be sure to get your proper dose of PERC (Tetrachloroethylene) dry cleaning agent and stay away from the new “wet cleaning” methods coming from those hippies on the West Coast.

If you’re not sure whether to wear pantyhose, look at the women around you. Some ultra-conservative firms will implicitly require hose, so even if it’s a hot, sweaty summer day, you should stock up if the women who work there are wearing them.

Now this is important as well. Do not “sock” the other women. “stock up”. Some suggestions from 3wishes:

Heels sold separately!

Fishnet works best to bring some warmth to the holidays!

Shoes can lead to your downfall if you don’t pick them well. You’ll naturally want to avoid stilettos, but you should also invest in very comfortable heels.

Ok must be slightly less than 5 inches.

“You’re going to be literally running around the firm and through the streets,” said one analyst at a bulge-bracket bank. “You’re going to need to keep up with the men, and they don’t want you to complain. Get yourself a pair of heels you can stand in all day.”

To do that, you might consider some brands that partner with sneaker technology to result in shoes that are more comfortable than the average heel. Those could be a worthy investment, the analyst said (she purchased Cole Haan’s Nike air heel in six different colors).

David Yurman Cable-wrapped ($4300)


When choosing jewelry, you can’t go wrong with a pearl necklace. Diamonds are generally considered more fashionable, Cadmus said. Just as Ferragamo marks the arrival for men, so too does David Yurman jewelry for women, so don’t wear that ubiquitous ring until you can afford it.

List $1795 - yours for only $702!

You should also think carefully before choosing a handbag. Do not walk in with a Louis Vuitton or Birkin bag. Instead, stick to a nondescript, minimalist yet good-quality leather purse like a Furla.

Now listen up, that high-powered brain needs to spend significant time contemplating… handbags. World hunger, make room for world handbags!

For Everyone

Must be at least a MD before they come out of the closet!


The top yearly earners only should wear this, otherwise it looks "gunner"

The bottom line is to blend in with your surroundings and realize you’ll have a chance to purchase flashier items as you move up the ranks.

Bling, bling, bling.

“You have to know your place,” said a second-year associate at an investment bank. “You do not want to be ostentatious or call attention to yourself. Do not upstage your boss.”

Be sure that the prenup was never signed!


Unless you married the boss!

Because goodness knows, high school ain’t over until they say it is over!

This entry was posted in random silliness, social commentary. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *