Is it Okay to Have Facial Hair on Wall Street?

So - after reading all these discussions on style/dress code...i figured i would throw this out there...for men, if facial hair frowned upon in the IB world? I have been wearing a goatee for years...do i need to shave to be taken seriously? Is it really that shallow?

Is Having Facial Hair Acceptable In Investment Banking?

While there is no specific rule in dress codes regarding facial hair, there are some "secret" dress codes that investment bankers follow.

Take Goldman Sachs for example, their dress code is to just "fit in" with the rest of the firm, even if it means wearing suits while taking a smoke break. As for beards, typically bankers have their beards shaved and only a select few senior staff have beards.

As a junior member of the team, you should assume that you should be clean shaven. If you are curious about what the informal code of conduct is, ask another junior team member that has been at the firm longer than you have been.

If you have any other comments or experience in having a beard in investment banking please comment below!

You can learn more about companies that you are interested in working for with the WSO Investment Banking Industry Report.

Read More About the Topic of Facial Hair on WSO

Preparing for Investment Banking Interviews?

The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.

Investment Banking Interview Course Here

197 Comments

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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

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...”