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    (Original post by Lorchii)
    does this thread sum up investment banking as a whole? If what clothes you are wearing is such a pre-occupance, it kind of worries me what this career entails. It's always great to have nice clothes, and its a reasonable worry not knowing how to dress (so this thread has a use), but spending what could be considered the cost of a degree on watches just seems so ludicrous it's worrying. I almost think investment banking creates it's own vicious cycle with poor (not in the monetary sense of course) new analysts tihnking they need such expensive items!

    I used to think american pyscho was fairly exagerated, but somehow it might have been far closer to reality then you'd realise!

    Overall, get a few nice suits (and skirt suits for the few girls that seem to be in ib), a good supply of shirts (varying colours, so it doesn't look like you wear the same one) and a few pairs of shoes. Thereafter, see what your department does. You don't want to buy everything just yet. See what your colleagues wear and buy a bit more after that!!


    and let's not forget the business card
    your third paragraph is deemed somewhat irrelevant given your first. all in all a great post.
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    (Original post by President_Ben)
    I change into white loafers at work.
    Saw some dude on an internship last year who were beige suits and white pointy shiny shoes... amazing ****.

    Think he wisened up after a week.
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    (Original post by TwinsOrAlpha?)
    Saw some dude on an internship last year who were beige suits and white pointy shiny shoes... amazing ****.

    Think he wisened up after a week.
    Think I was a year and a bit my job before I decided to start breaking out white loafers.
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    Quite obviously you don't NEED to buy luxury apparell, indeed I can see that for some the idea of buying nice suits, watches and so on is a bit of a taboo! The point is that it is very nice to be able to afford that Hermes tie or those John Lobb loafers for example, and many people will derive much pleasure from purchasing and wearing such items.

    Luxury goods are by definition not a necessity, and you could always go with the budget substitute, but I would suggest that the majority of people do not work in banking as simply a means to a life of mediocrity and without luxury - otherwise go and get a job with better hours. Even first year analysts start on a totally sufficient wage to go out and buy a few nice items.

    Yes, a M&S shirt will do the job and get you through the day, but so would working in Accounting at Tesco.... why settle for mediocrity in what you wear and how you present yourself to the world when striving for excellence in every other aspect of life?
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    (Original post by rozzr)
    Quite obviously you don't NEED to buy luxury apparell, indeed I can see that for some the idea of buying nice suits, watches and so on is a bit of a taboo! The point is that it is very nice to be able to afford that Hermes tie or those John Lobb loafers for example, and many people will derive much pleasure from purchasing and wearing such items.

    Luxury goods are by definition not a necessity, and you could always go with the budget substitute, but I would suggest that the majority of people do not work in banking as simply a means to a life of mediocrity and without luxury - otherwise go and get a job with better hours. Even first year analysts start on a totally sufficient wage to go out and buy a few nice items.

    Yes, a M&S shirt will do the job and get you through the day, but so would working in Accounting at Tesco.... why settle for mediocrity in what you wear and how you present yourself to the world when striving for excellence in every other aspect of life?
    Just out of curiosity, where do you work and how long have you been in the business?
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    (Original post by TwinsOrAlpha?)
    Saw some dude on an internship last year who were beige suits and white pointy shiny shoes... amazing ****.

    Think he wisened up after a week.
    BarCap by any chance. He was a Euro quant if its the same guy.

    (Original post by President_Ben)
    Think I was a year and a bit my job before I decided to start breaking out white loafers.
    Ben, you were in a very different environment.

    My total spend is around 3.5k

    Shoes: 350
    Suits: 2x PS + 1 Boss - 1200 (saved around 300 quid in the sales on 2 of them)
    Watch - Tag Carrera : 1350
    Shirts: 400
    Ties: 3 x Hermes - 300 - understated.
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    (Original post by JakeF)
    Shoes: 350
    Suits: 2x PS + 1 Boss - 1200 (saved around 300 quid in the sales on 2 of them)
    Watch - Tag Carrera : 1350
    Shirts: 400
    Ties: 3 x Hermes - 300 - understated.
    Where on earth did you get Hermes ties for £100 a piece... NY? If it was in the UK that is a fantastic deal.
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    (Original post by i_hate_teeth)
    Just out of curiosity, where do you work and how long have you been in the business?
    I am starting full time in banking next year, though did do an internship this year.

    However have been in a different sector for the past 14 months which was a very high paid role, actually a lot better than banking pays for the first few years, but that role no longer exists so I am having to move - that pay level though was the reason I am familiar with buying luxury goods and so on, and so I do base my views on experience which is I suppose what you were questioning.
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    (Original post by rozzr)
    I am starting full time in banking next year, though did do an internship this year.

    However have been in a different sector for the past 14 months which was a very high paid role, actually a lot better than banking pays for the first few years, but that role no longer exists so I am having to move - that pay level though was the reason I am familiar with buying luxury goods and so on, and so I do base my views on experience which is I suppose what you were questioning.
    Ok cool, I agree with you..it's up to the individual to decide how much they want to spend. I think the main thing is to not overextend yourself and to ensure you 'fit in' aesthetically. How much would you say you've spent on your wardrobe? Including watches etc.
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    Hi Guys,
    What about a little advice for the girls? I ll be in research. I think mostly it will be business casual (?!). Do I need more than one suit? Also, do you know what shops are good for girls work clothes? Maybe Reiss?????
    Thanks!
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    (Original post by i_hate_teeth)
    Ok cool, I agree with you..it's up to the individual to decide how much they want to spend. I think the main thing is to not overextend yourself and to ensure you 'fit in' aesthetically. How much would you say you've spent on your wardrobe? Including watches etc.
    Yes, so long as you can afford it (and i mean without credit) and it remains tasteful and avoids being crass (those white loafers mentioned couple of posts prior come to mind!) then I don't see anyone having a problem with you buying a few particularly nice items that you really like.

    Although I do love watches & the odd luxe tie, I don't tend to spend crazy money on my wardrobe, just so long as it is fitted well and is smart that is fine with me. I am much more of a sucker for fast cars haha :rolleyes:
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    (Original post by Christo)
    Anyone who spends their sign-on on a watch is a massive tit
    Agreed. How you doing mate? Where you at?
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    (Original post by rozzr)
    Where on earth did you get Hermes ties for £100 a piece... NY? If it was in the UK that is a fantastic deal.
    Couple from Dubai airport when i passed through before xmas. They were around 105-110. Couldnt resist.
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    (Original post by Chewwy)
    your third paragraph is deemed somewhat irrelevant given your first. all in all a great post.

    ah well, people do need to spend a little bit of money on work clothes, whether you're a banker or anything else (deemably sub-human if not front office, and god forbid if not in financial services )...it's just the extent to which people are willing to spend money is scary! Lack of appreciation for money this early on doesn't bode well for future antics...
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    (Original post by rozzr)
    ...why settle for mediocrity in what you wear and how you present yourself to the world when striving for excellence in every other aspect of life?
    subjective statement and it's more than possible to dress well within a reasonable budget! There are many non-banking related professions that yield results beyond excellent. You won't come across many researchers/scientists/engineers that wear designer suits to work because it quite frankly is not a pre-requisite for success. Yet the work they do saves lives, and will provide for the means to which we live by when we deplete the earth's resources! To justify your choice of expenditure based on the quality of your work is not plausible...


    I have great admiration for the work within banks and the dedication people have, but quite frankly its this materialistic attitude and such unrelenting desire for money that has blinded many a good banker. Take the case of enron as an example of pure blind greed ruining a corporation and the lives of thousands.

    sorry if i seem to be attacking you, but sometimes I wish people would call a spade a spade. Most people like lots of money so they can buy nice things - end of statement!
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    (Original post by staysha)
    Hi Guys,
    What about a little advice for the girls? I ll be in research. I think mostly it will be business casual (?!). Do I need more than one suit? Also, do you know what shops are good for girls work clothes? Maybe Reiss?????
    Thanks!
    For research show up with a conservative suit and heels for the first week or so, then see what the junior people in the floor wear and go with that. In any case, yes, you need more than one suit.
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    (Original post by anfitrion)
    For research show up with a conservative suit and heels for the first week or so, then see what the junior people in the floor wear and go with that. In any case, yes, you need more than one suit.
    Thanks!!
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    Casually stroll in with a full length fur coat and more bling than Mr.T around your neck. I hear they love that pimp look.
    Remember to use phrases like 'Ima bang this ***** out no problem hommie' when given an assignment.
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    If you take Pres. Ben's post as a "what would be perfect" rather than "what is necessary", you get a much more reasonable response to it. You can get buy with much, much less, especially in anything but sales/IBD.
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    (Original post by Drogue)
    If you take Pres. Ben's post as a "what would be perfect" rather than "what is necessary", you get a much more reasonable response to it. You can get buy with much, much less, especially in anything but sales/IBD.
    Well, perfect is... more.
 
 
 
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