Ultimate Shoe Guide.

Since there are so many questions about shoes on this forum, I figured I'd write a quick guide on how to maximize the shoe you're getting for the dollar and which brands to avoid/buy. This is meant as a very fast shoe guide for anyone in finance. If you want to learn more about shoe making then there are tons of better guides floating around online.

Buying cheap dress shoes and expensive shoes you see from most trendy fashion designers are generally not worth it. You're basically burning money. I'd really recommend saving up and buying a nicer pair that will actually last. The nice thing about business wear is that trend won't change much so you can literally buy shoes for life without them going out of fashion.

The most important factor that will determine how long your shoe will last is the type of welt used. The welt is what attaches the shoe's upper to the outsole. You basically have three types which I'll describe below but if you want the TL;DR - you want shoes with a goodyear welt if paying $$$ and for anything else blake is fine. Avoid cemented shoes.

  1. Cementing. Complete trash. Cementing means you'll never be able to get the shoe repaired properly so you get to buy another pair of shoes instead of an easy/quick repair.

  2. Blake welting. Allows for a shoe to be resoled easily. I don't have a problem with blake stitching but would not expect to see it on top tier shoes. Always done with a machine.

  3. Goodyear. This is the gold standard. Super easy to repair and any competent cobbler can assist. This is what you will see on shoes across a variety of price points (other than super cheap), not all shoes with a goodyear welt are created equal.

Easiest way at the lowest price is to set up alerts on Lyst.com (searches stores for sales) and eBay new without tags or new without box. The Lyst method is pretty awesome because you can catch some retailers with their pants down.

Brands/Price Points. Only going to bother with two price points here. One for the hardcore enthusiast who has a strange love of shoes and the other for everyone else working in finance with a good size budget.

Enthusiast/More Money Than Sense
John Lobb, Edward Green, Gaziano & Girling, St. Crispins. All great brands and probably the most well respected in shoe making. You get more shoe for the dollar with Gaziano or Edward Green. Unless you're a hardcore shoe nerd that will appreciate perfect stitching, expertly shaped fiddleback waists, and know too much about the difference between german and british tanning pits, then you can probably avoid this category pretty safely. At the end of the day, you're paying a lot for a very incremental gain in quality. With that said, if you're a nerd and have the wallet, go for it. I'm guilty of it but hey... Also if you're sitting on a good size cash pile and just want to see what makes for an amazing quality shoe, then buy buy buy. You won't regret it.

Value
This is the sweet spot. Carmina. Vass. Sutor. Santoni, Crockett & Jones etc... all make great shoes on the higher end of the spectrum. At the lower end in the US I'd recommend going Allen Edmonds (sort of); their quality is good for what you pay generally...although much like American suiting, I think they look a little old man-ish and boxy. If you go Allen Edmonds, check our their factory seconds website, which sells shoes that didn't quite meet QC. Often these are very mild flaws that don't compromise the structural integrity of the shoe + nobody will notice.

If you're hunting shoes via the methods I outlined earlier, you can add brands like Kiton, Isaia, Brunello Cuccinelli, Brioni, and a few of the other high end suit guys to your list. They aren't shoe makers, but they outsource/white label from good manufacturers. If you can get them cheap enough, then they are an amazing deal. I recently picked up a brand new pair of Isaia boots for $120 from YOOX this way and they would usually run ~$1000.

Styles.
Loafers. I like loafers in the summer and for more casual work related events. Not appropriate for formal events or formal suits. These come in three flavors. Penny, bit, and tassel. Would definitely recommend going with a penny loafer for your first as the other two are pretty over the top/kind of tacky. If you buy gucci bit loafers I will show up at your house and burn them.

Oxford. If I was on a tight budget, this is the first and maybe only place I'd bother spending money. Specifically on a pair of whole cut Oxfords. Cap toes look great too and wingtips are acceptable but a little busy IMO. Wholecut means the shoe is made with a single piece of leather. They look incredibly sleek. I mean... cmon:
https://www.crockettandjones.com/collections/mens…

Chelsea/Chukka/Dress Boots
You can get away with wearing some kinds of Chelsea boots with suits. I don't recommend it, but if you want one type of boot and want maximum versatility, go with a Chelsea. They can easily be worn casually on weekends with jeans too.

Derby
Can be worn with a suit but I'd probably flesh out a collection of Oxfords before grabbing a solid Derby.

Monk Strap (double & single)
Do not wear these in a formal/work environment. I would stay way from them entirely.

Hope that helps.

 

Awesome guide thank you bookmarked. Any thoughts on Johnston and Murphy? Am an intern on a tight budget and heard if you can't afford AE, it's the next best thing to get?

 

I spent $160 on them, captoe black oxford. Is that within the cheap tier for these types of shoes?

 

and for the younger guys make sure you go in store to get fitted and figure out the lasts that will fit your feet...

Any love for Alden? Always been my goto for better shoes, not that I get the chance to get better shoes often.

 

I think you really need a good pair of shoes on whatever job you have. If your shoes are just some cheap crap, you will easily feel tired and will significantly lower your work-efficiency. So throw some money on shoes at least. Not to shirts, Armani undies you will never show anyone for 2 yrs.

I would definitely look some English shoe maker like Crockett&Jones, Edward Green, John Lobb. With good care, those will easily last a decade.

I'd highly recommend starting with CJ's Hallam, Caunnaught depending on which one fits better, and move way to EG's Chelsea or JL's City, which I think as the masterpieces of oxford.

 

This is quality content. Those Crockett and Jones are melting a hole in my wallet right now.

I'd add that with the number of choices available now - AE is becoming more and more challenging to justify if you take the time to order online and find the sizing. Options like Beckett Simonon and Meermin are both high quality that generally have a bit more of a fashion forward aesthetic at half the price. Especially if you are looking for workhorse, dress shoes to wear they fit the bill and I've been slowly rotating my closet in favor of those.

Not to turn this into a color war as well - but generally I'd recommend sticking to darker shades across all colors of shoes - the worst thing are super light brown shoes with a grey suit or similar. That is just.... not good.

 

Hi guys, I need some suggestions on the "color" of the brown shoes on Allen Edmonds. I have a navy suit and just saw Allen Edmond is on sale. What color would you recommend? Should I go we dark chilli, coffee, or oxblood? This is for summer analyst interviews. Thanks

Sorry I cannot paste a link (user too new)

 

how are black bit loafers (either suede or leather) perceived in finance? Is it like suspenders where it’s super outdated and only MDs can wear them or are they fine at the associate level?

 

FWIW, AE having actual stores to ensure the shoe fits makes me more comfortable than purchasing from a brand without a b&m store...definitely a great start to get both a pair of black and pair of brown 5th Aves / Park Aves

My soul is highly leveraged
 

No mention of Church’s and Berluti! More important than the shoes, is the polish you use, and how often you use the polish.  And shoe trees and shoe horns and rotating the shoes are equally important. I like occasionally using black polish on dark tan shoes to get a unique colour. 

 

Voluptatibus et dolores vel eum. Rerum corrupti provident iusto earum voluptas distinctio voluptates. Eos quia error consequatur optio quia dignissimos facere. Dolorem temporibus accusamus atque et.

Vero dicta corporis ullam officiis quaerat. Eveniet commodi unde tempore quod animi. Cumque excepturi maiores ea dolor velit placeat.

Optio quibusdam quia qui beatae atque. Aliquam quaerat consequatur delectus eos. Et fugiat quas consequatur qui. Maiores inventore illum dolor aut nam quibusdam nostrum natus.

Autem ex nostrum hic voluptatem et ut culpa sed. Aut nisi dignissimos sed quia. Consectetur eaque assumenda dignissimos et ut quae aliquam. Ipsam aspernatur est quo qui sint inventore. Quod quia totam ut sed soluta repellat.

 

Blanditiis suscipit nisi autem. Non minus ex animi odio. Voluptatibus voluptatem aspernatur laudantium sed repudiandae est ut.

Facere soluta voluptatem quos voluptate non quisquam culpa necessitatibus. Dolorem sunt architecto magni deleniti ut et. Optio ut earum minima voluptatem autem aut tenetur. Ad repudiandae similique ea esse voluptates alias.

Quos distinctio expedita repellendus facere at. Molestias reiciendis iste odit. Enim eligendi qui omnis dolor doloremque. Illum ut vel libero et assumenda enim.

Laborum ipsam praesentium veritatis quia distinctio ab. Quod aut corrupti vel enim et. Molestiae ut aut distinctio velit quia beatae labore.

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
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
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...”