My opinion is that it's always nice to have one nice suit, even as a college grad. I recently graduated college and purchased a similar suit (however, for more like $2k, not $5k), and get a fair amount of use from it. More than that, I look forward to and love every opportunity to wear it. That said, I do not think you'd need more than one, and getting a Kiton or Brioni might be a little much. I would recommend finding a nice tailor in NYC that could do something a little more reasonable for you (reasonable in the context of bespoke, which relative to off the rack many would consider flagrantly unreasonable). As an IB analyst, speaking from experience, you'll hate life. Wearing a nice suit that you endulged in might be a bright spot.
Kirby P.S. Your money would go much further and get better use on some custom shirts. This has been my current MO, switching my spending away from coats and shoes towards custom shirts.
Originally Posted by nelly
I'm not underestimating, I know how much they cost. Cost aside, I'm just wondering that relative to when I would be wearing them (in a cubicle going at it with Microsoft Excel) whether it's worth it. Say as a lowly investment banking analyst, you probably wouldn't see the light of day. And at that point, would it be better to just buy crap that will just throw away after two years instead of going high end right away.