Banks where wearing suits are/aren't acceptable?

I genuinely love suits and ties. I heard from 2 interns at 2 NYC banks (BB and UMM) that some banks no longer appreciate people wearing suits and ties, and sort of ostracize bankers who wear them. It's cruel. They sort of expect everyone to just wear shirts and khakis, like in tech. I'm an incoming intern at a MM bank btw. Thoughts?

Edit: This is specific to IB culture.

 
[Comment removed by mod team]
 
[Comment removed by mod team]
 

Interned at a MM and going back FT. Everyone was business casual. Wore polos and chinos nearly every day

 

Visited a boutique recently and I don't recall seeing any of the junior bankers (An --> VP) in a full-on suit.

Mostly business casual. Patagonia vests, button down shirts / dress pants with no jacket or tie. 

I'm sure they keep ties and jackets at their cubicles whenever they're going into meetings / clients visiting the office.

 

Apparently a ton of banks in Los Angeles. I was in the New York office where most people would at least wear a white button-down with slacks. Maybe 20% wore the blazer as well, myself included (though probably 40% would come in and leave with a blazer but not wear it while working). I was on a call with our LA team, and the most formally dressed person had just a polo shirt. The MD said something like "you would be laughed at for wearing a suit in Los Angeles." He wasn't being a dick or anything though when he said that, just joking around. 

 

Same thing in CHI--interviewed there once and most of my interviewers were wearing quarter zips 

 

Tempora id molestiae aut. Molestiae consequatur consequatur quidem eos eveniet corporis. Dolore quas rem officiis reprehenderit. Atque iusto quia laudantium sequi perspiciatis.

Facere sed tempora id quas aut ex et perspiciatis. Quis earum molestias tempore consectetur ex placeat incidunt.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
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...”