Originally Posted by edmorel
I've yet to visit a hedge fund where they weren't running around in fleece vests and pleated khaki's. Private equity is a different story if you are going to work at a place like KKR or Blackstone, where the dress is more formal. But then, if you are making 75k and you walk in with a 5k suit and 1k shoes, the powers that be might think to themselves that you would do anything, including stealing from them, to maintain your lifestyle
On a side note, there seems to be a lot of people in the equity business on this forum. Maybe we should start our own PE shop. We'll have a strict dress code (your daily outfit must retail for greater than 5k) and we'll raise money for a buyout fund that will specialize in high-end manufacturers and retailers. Once we have the funds, we'll buyout Bergdorfs men's business, buyout Kiton and Brioni, throw in a couple of the bespoke British and Neopolitan clothing and shoe makers and then a couple of cashmere and wool mills for good measure. We'll have pick of the litter for all of our clothing needs! How will we make money for our investors?? When you look as good as we will, who cares
Every last one of my business school classmates who went into smaller Wall Street shops "overdressed" during interviews and later, once they started working. To a man, they said it was important to send the appropriate signals to the powers that be in their firms. This was before seemingly all of Wall Street succumbed to dress casual, when working buttonholes on suit jackets was something people noticed.
Upon further reflection, I'd like to amend my original advice to Nelly.
At the start of my second year in business school, a prominent Hollywood costume designer came to campus to advise students about clothes. Or rather, about how we needed our clothes to send the right message. We would tell him what kind of jobs we were seeking. Based on that, combined with how we looked in the clothes we were wearing to interviews for those jobs, he'd tell us if we looked capable of playing the part.
It was one of the most useful experiences of my two years at business school. Big guys who too easily came across as intimidating were advised to stay away from power looks (unless the guy wanted to look imposing). Men who needed help looking more self-confident or take-charge were told what clothes helped or detracted.
His take was how to dress a character so the audience could instantly "read" him the first time he appeared on stage/screen.
In that spirit, I'd ask Nelly if he thinks he can pull off wearing MTM Kiton. Or do the clothes end up wearing him?
The last thing he needs is to look like a faker or phony because his clothes overwhelm the rest of his presentation of self.
Nelly might be better off investing in good shoes, good ties and MTM shirts.