Originally Posted by Bull
If I had to do a primer for dressing for success on Wall Street, it would go as follows:
1 - Trader: golf shirt from an exclusive, upscale club - preferably Shinnecock: http://tinyurl.com/273qrve
. Oversized, billowy dress pants - two pleats minimum. Gucci loafers. Croc belt if you're feeling snazzy. Rolex.
2 - Banking exec - upper eschelon: Oxxford suit, Gucci loafers.
3 - Banking - lower eschelon (veep): Savile Row bespoke and bespoke lace-ups, trying to impress bosses, not realizing that bosses think the look is "too slick." The smart veeps get the joke and go for Oxxford, which doesn't fit as well, but gets respect from the bosses.
4 - Hedge fund: ironic t-shirt, cargo shorts, Haviana flip flops, no shave in three weeks, but up 47 pct on the year, bosses are thrilled, and could give a fuck what the kid wears to work.
1 - Correct on balance but there are definitely a subset of traders who dress "well".
2 - Generally true, especially the loafers. Some variation in suits but the Gucci/Ferragamo loafers are almost a prereq. I think they give you several pairs once you make MD
3 - Rarely. Might have been true at some point but not anymore. Dealflow is still pretty moribund so veeps don't have much $ to burn on the Row
4 - Hedge funds run the full gamut, at least at the manager/sr analyst level. Also depends on context. When you're meeting with a management team or attending a conference its advantageous to suit up because its best not to advertise that you work for a long/short fund, (and overly causal dress is a dead giveaway). Of course if you work for SAC or Citadel they already know anyway. But there are definitely some firms that fit your description to a T