Barclays going full casual Fridays

From John Carney @carney http://www.cnbc.com/id/101081451#_gus

You wake up on a Friday afternoon still a bit hungover from a colleague's bon voyage party. He's either going to a hedge fund or an internet start up. Someone said it's actually a coffee start up. Or maybe a coffee hedge fund. You forget.

It's Friday but you suit up anyway. Casual Friday had its moment in the early oughts but faded sometime just before the financial crisis. You're glad. You never looked that good in khakis and a polo shirt anyway.

So while you trudge off for the subway, you pass some kid in sneakers, blue jeans, a T-shirt and a hoodie. Another damn start-up kid who can afford to cab it to work instead of taking the subway like a normal human being. Or maybe he works for Google or Facebook.

Guess what? You could be wrong.

He might work for Barclays. The bank has recently put in place a policy of super-casual Fridays. Jeans, T-shirts, and even sneakers are acceptable on Fridays, according to people who work for the bank (and spoke on the condition of anonymity because banks keep everything top secret, even stuff like the rules of permissible footwear).

The idea, apparently, is to make Barclays a better, cooler place to work. It's one of a number of initiatives the company is taking to make employees enjoy their workplace more.

Not everyone is thrilled. In particular, some of the holdovers from the Lehman Brothers days are dismayed. One former Lehmanite expressed horror at the idea of going to work in sneakers.
"I didn't become an investment banker to dress like a perpetual teenager," one Lehman vet said.
"It's ridiculous. Please make them stop," said another. "It's like working at a start-up but without the IPO."
Former Lehman CEO Dick Fuld is probably rolling over in his Idaho hideaway.

"It's a complete slap in the face to Erin Callan's personal shooper at Bergdorf," one former Lehmanite at Barclays said. (Callan was the notoriously well-dressed CFO in the months leading up to Lehman's collapse.)

A spokesperson for Barclays declined to comment about the policy or about what she was wearing as CNBC.com spoke to her.

Follow me on Twitter @Carney

 
dolph:

At my bank it's dress down Monday and Friday at the moment. Stay mad

lollll strong mad
** RIP ZYZZ ** We're all gonna make it brahs
 
miscer:
**Ivory Jacket allowed on fridays in the summer.

Really giving the peasants a little too much slack on this one. Tighten it up.

This to all my hatin' folks seeing me getting guac right now..
 

They can still suck it, because I wear my boxer briefs until noon.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

It is now inevitable that they will get an intern coming in wearing pajama bottoms and a filthy "band" T shirt. Place is gonna start looking like the Occupy crowd, IN Barclays! Complete horse hockey.

I hope this is better than the last batch of shit you gave me. Produced more wood than Ron Jeremy. I don't want you to yell, "Reco!" anymore. Know what you should yell? "Timber!" Yeah, Mr. Fuckin' wood.
 

I thought the European banks were supposed to be super uptight re: dress code?

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Oh god... oh god no. What are we gonna do guys?! GET TO DA CHOPPA

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Just a matter of personal preference, but I prefer business formal. That's my organization's dress code, except for Fridays, which are business casual. Even then, I still go in business formal. Why? Because I perform down to that same level when I don't dress up in the same way that I'm a crappier employee when working from home, "un-showered" without shaving. So I definitely would not like super casual Friday. Besides, my only clothes are suits and sweatpants.

 

almost the same, except for Fridays, which are full casual, but some others and I still go business formal or business casual.

DCDepository:

Just a matter of personal preference.

 
DCDepository:

Just a matter of personal preference, but I prefer business formal. That's my organization's dress code, except for Fridays, which are business casual. Even then, I still go in business formal. Why? Because I perform down to that same level when I don't dress up in the same way that I'm a crappier employee when working from home, "un-showered" without shaving. So I definitely would not like super casual Friday. Besides, my only clothes are suits and sweatpants.

You serious brah? Yeesh...

 

I preform my work much better naked, its awkward when your slacks are chafing her inner thighs.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
Miss Fantasia:
heister:

I preform my work much better naked, its awkward when your slacks are chafing her inner thighs.

I would like to see that!!!!

Stop by sometime.
Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

I've never understood the purpose of "casual" days. If you can go casual 1 day a week, why not 5 days a week? What's the purpose in going professional anyway unless you've got meetings?

 

A suscipit perferendis voluptatem numquam nihil. Aut laboriosam quae amet et eum consectetur qui. Sed aliquam ratione eveniet enim.

Voluptate et cum sed quod aut ut repellat delectus. Qui sunt beatae omnis quia quos.

Ad et error temporibus voluptas repellendus itaque. Doloribus illo tempora consequatur id aut quibusdam.

 

Est sed accusantium culpa totam. Atque aut unde perspiciatis soluta hic quidem vero. Laboriosam rerum ut alias aut omnis animi voluptas. Sit nulla laboriosam eos unde maiores.

Eum dolores ut nam qui quas qui veniam. Id nihil quos vitae omnis minima. Minima illo eos quia veritatis quisquam provident sequi rerum. Sint dolorem distinctio hic deserunt sed optio. Cum tempore sed qui voluptatem rerum corporis velit. Sunt voluptatem a et voluptatibus.

Quibusdam esse eos quasi ipsa sunt omnis. Mollitia sunt sint maxime perferendis voluptas a omnis. Totam qui doloremque ea. Temporibus deserunt quo sunt sint id voluptas sed in. Enim placeat ut recusandae.

Magnam provident dolore molestiae quasi similique dolorem. Quis voluptatem autem accusamus voluptatem dolorem. Est est molestiae sed quo. Harum quis eos accusantium voluptates aut.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”