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Investment Banker/Private Equity work and casual attire - Page 3

post #31 of 37
Quote:
Originally Posted by Mattia View Post

one mistake I see rookies make is acting like they are in some sexy line of work. Investment banking is a service industry. That means you and your boss work for entrepreneurs who make more money than you and have ideas that actually drive the economy and are original. Communicating with acronyms in most industries makes you look like you are self important or out of touch with the way your clients communicate and what they think about. Either circumstance is not good for a career.

+1, well said
post #32 of 37
Quote:
Originally Posted by Mattia View Post

I generally agree with Quadcammer. Dress like any respectable entry level professional until you are directly responsible for bringing in new clients for your bank. If there is an associate or vice preisdent that is well respected by the senior bankers, study that individual's attire. Once you have a book of business, wear whatever you are comfortable in that won't offend your clients and your boss.

Regarding the discussion about acronyms used in the finance world, drop them from your vocabulary unless you are only speaking with and can only be heard by others in your trade. Otherwise say you work in finance, and leave it at that. I am an investment banker, and one mistake I see rookies make is acting like they are in some sexy line of work. Investment banking is a service industry. That means you and your boss work for entrepreneurs who make more money than you and have ideas that actually drive the economy and are original. Communicating with acronyms in most industries makes you look like you are self important or out of touch with the way your clients communicate and what they think about. Either circumstance is not good for a career.

 

Hopefully you groom your associates and analysts to not call themselves bankers.

post #33 of 37
Quote:
Originally Posted by Mattia View Post

Investment banking is a service industry. That means you and your boss work for entrepreneurs who make more money than you and have ideas that actually drive the economy and are original. Communicating with acronyms in most industries makes you look like you are self important or out of touch with the way your clients communicate and what they think about. Either circumstance is not good for a career.

Very astute. While I am not an investment banker I do see the value in the profession and its importance to society. Difficult to explain that sometimes.
post #34 of 37

Whatever you do, don't wear suspenders.  Michael Lewis got ostracized during his early days at Salomon Brothers for wearing suspenders in "Liar's Poker."  Everyone thought he was incredibly pretentious.  Only bosses got to wear those.

 

Oh, and I think Mattia nailed it.  Great attitude for anyone in professional services, not just finance.

post #35 of 37
Quote:
Originally Posted by bourbonbasted View Post

Wear something that doesn't show dip and coffee stains.

Also, as a general piece of life advice, never use acronyms like "IB," "PE," or "M&A" in real life.

+1000
post #36 of 37
I just tell people i work in manufacturing.... (of board papers and pitchbooks.)
post #37 of 37

Interesting thread. Good catches :) 

 

 

Warning: Spoiler! (Click to show)

Quote:

Originally Posted by Bill Smith View Post


+1000
Quote:
Originally Posted by bourbonbasted View Post

Wear something that doesn't show dip and coffee stains.

Also, as a general piece of life advice, never use acronyms like "IB," "PE," or "M&A" in real life.
Quote:
Originally Posted by asdf View Post


Or "i-banking." Shudder.


As for attire, cities are drastically different these days. Offices in NYC, Toronto, and London remain generally the most formal (although New York is starting to slip.) Houston and San Francisco, in my experience, are VERY casual... No experience in Dallas. It, of course, varies by firm and by group as well.
Quote:
Originally Posted by jrd617 View Post


so true
Quote:
Originally Posted by Grammaton Cleric View Post


Why? IB I can sorta get, but PE and M&A (especially) are very common acronyms, that even regular business magazines often use.

 

 

Quote:
Originally Posted by bourbonbasted View Post


I've never met anyone that abbreviates their job/position that has been a person I'd like to spend any extended period of time with. To my thinking, the same guy that brags about being in "PE" will also abbreviate the name of his boutique firm that no one has ever heard of. Experience is my only real guide for that statement.

Not being in finance myself, I suppose it's a bit more annoying to me. However, all my most successful finance and banking friends say they are either in finance or banking. If someone wants to know more then they'll tell them. But coming out of the gate with abbreviations is a bit douchey (at least IMO).
 

 

+ :) Finally someone says the truth. 

Quote:
Originally Posted by Mattia View Post

I generally agree with Quadcammer. Dress like any respectable entry level professional until you are directly responsible for bringing in new clients for your bank. If there is an associate or vice preisdent that is well respected by the senior bankers, study that individual's attire. Once you have a book of business, wear whatever you are comfortable in that won't offend your clients and your boss.

Regarding the discussion about acronyms used in the finance world, drop them from your vocabulary unless you are only speaking with and can only be heard by others in your trade. Otherwise say you work in finance, and leave it at that. I am an investment banker, and one mistake I see rookies make is acting like they are in some sexy line of work. Investment banking is a service industry. That means you and your boss work for entrepreneurs who make more money than you and have ideas that actually drive the economy and are original. Communicating with acronyms in most industries makes you look like you are self important or out of touch with the way your clients communicate and what they think about. Either circumstance is not good for a career.
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