Women's Investment Banking Attire

I'm starting a summer internship in investment banking at an American bulge bracket bank soon, and have been having a hard time figuring out exactly what kind of things are appropriate to wear. I'm very slim and not very curvy at all -- most of my clothes now are fitted sleeveless dresses in dark colors, knee-length, from stores like Reiss and Theory. I've paired them with typical conservative blazers for interviews.

More recently I bought a "relaxed blazer" -- basically it doesn't have buttons, is kind of boxy, is a bit shorter than the average blazer and has ¾ sleeves instead of full-length sleeves. I uploaded an image. Is that sort of blazer work-appropriate?

Also, in general, how conservative should colors be for women? Is a color like cerulean blue too flashy for a dress? Will I be called a funeral director if I wear a black dress with a black blazer?

I'd really appreciate any thoughts anyone might have!

 

The screen capture is pretty low resolution. Is that the Reiss "Alexis" blazer? If so, it's completely fine.

Women's office attire has a bit more leeway than men's. While everyone would agree that men should not wear all black in banking or cerulean blue, women can easily get away with it if styled correctly. Part of it is the amount of accessories we can use and part of it is the fact that men don't care enough about women's fashion to comment on it. Women will let a lot of stuff slide if it's within the realm of "office appropriate" and we see that you are at least trying to look pulled-together.

 

Went shopping with a female friend of mine when we were starting our summers together. The general rule for anyone is don't let your clothes be a distraction and you can generally see what your colleagues are wearing as a good heuristic (but understand you haven't started the job yet).

I think that attire described above is appropriate. My female colleagues dress in a similar fashion as you have described above. I think each of them also has a tailored pants suit from Theory also.

 

My preference is navy blue. As TorontoMonkey1328 mentioned, Theory is a great (and my favorite) place to start. The tailoring is incredible, regardless of your style/size.

 

You're look is completely fine and black is a safe color for a business attire. Well, as long as its a dark color there is no problem. Just wear something that is comfortable for you and for your colleagues something that won't distract others.

 

Skirt suit with a blouse. If you found the air to be a little less formal than you thought, take the jacket off. Heels no higher than 4 inches, minimal jewelery (no pearls unless you are above 40).

Depending on your skin tone, choose between Navy, Grey/charcoal. A chic tote, and most importantly, a watch.

Good Luck

I may not be on the Jedi Council, but I sure am great with the Force. See my WSO blog posts
 
Best Response
Disincentivy:
Skirt suit with a blouse. If you found the air to be a little less formal than you thought, take the jacket off. Heels no higher than 4 inches, minimal jewelery (no pearls unless you are above 40).

Depending on your skin tone, choose between Navy, Grey/charcoal. A chic tote, and most importantly, a watch.

Good Luck

Totally disagree re: pearls. They are classic and tasteful at any age.

+1 for the skirt suit--should hit the knee and be in navy/charcoal.

The blouse should be modest (no cleavage, not too tight, not see through, no bra showing, etc.) and in a flattering but not loud color (like lavender, shades of blue, etc.). I personally would err on the side of more formal for an interview and opt for a collared blouse.

I would go with black leather heels (patent or not doesn't really matter) rather than nude for an interview. Make sure they are polished if they are not patent leather.

Hair should be out of your face, with flyaways tamed regardless of length. Make-up should be natural looking and enhance your features (the type of makeup that can fool some men into thinking you aren't wearing any and look great au naturale).

 

Dresses under blazers okay for on the job, but not an interview. Sweaters over skirts definitely not, unless you are applying to be a secretary.

Good brands -- Brooks Brothers sale as suggested above, but if you want to go super cheap, if you get a nicer suit/blazer and dress it up with pearls, basic Banana Republic shirts (like white -- thick enough so it doesn't show anything, or pale blue) can work.

 

If i was the one at the interview, I would expect you to be wearing a skirt suit with a blouse. I mean seriously what less can you expect when you are talking about a business interview. If you like you can go with the pants but it is not very easy to pull it off all the time.

In Time I wander
 

Theory for suits and blouses Cole Haan has a "Nike Air" line of pumps with the Nike air shocks as insole. no need for gel pads. you can run in these and come in heel heights of kitten (1/2 in) to vixen (4 1/2 in). priced reasonably too. Business casual: well pressed trousers, blouses, sweaters with a conservative neckline. If you have any doubts as to whether what you have on is appropriate, change it.

 

Nope. Cute is generally a bad thing for women on the Street. Suits need to be real, not cute. Generally speaking (though there are exceptions) contrasting trim, odd colors, or less suitlike fabrics are not a good idea. Stick to charcoal, navy, pinstripe, and grey. Blouses and shirts can be vaguely cute(ish), as long as they're very carefully chosen.

 

I'm the contrarian. I hardly ever buy a full suit anymore.

Comfort for loooooong workdays is extremely important so I generally buy separates from everywhere and mix everything up. I've worn grey dress pants and a Missoni twin set to many meetings and it's been fine!

For general staples, I'm usually safe with any Theory blouse and tailored pants. I'm often either too hot or too cold in the office so I've learned to always have a black cardigan or shawl on hand...

Italian labels such as Max Mara and Piazza Sempione work well for me because I'm slightly on the petite side with a small frame. I'm also a fan of Lida Baday, Akris and Tahari separates - both have very feminine blouses, tailored pants, jackets, etc.

On the business casual side - u can never make a mistake with black Theory flat front dress pants or a J. Crew khaki trouser paired with a Vince cashmere twinset or a fun Marni blouse. Fool proof.

If you're stylish and not trashy, you can get away with more "creativity"... e.g. we can wear jeans on Friday so today I have on a grey Stella McCartney blouse with bell sleeves paired with dark wash Levi's "Capital E" jeans and Henry Beguelin cowboy boots :-)

Honestly, I probably wear the same cowboy boots during the week with black pants, white dress shirt, wide black belt + a chunky necklace and no one has ever commented anything other than "where'd you get those boots?".

HINT: Prada's version of the "loafer" is a pump with kitten heel. Grab these in a wine or brown leather... pricey, but worth their weight in gold. The heel is low enough so you can run around in them and the color goes with anything - grey, navy, black, khaki etc. These shoes kick things up a notch. I can wear 'em with a $20 J. Crew white cotton crewneck, J. Crew pants, add a stylish scarf and voila!

If I walk down the street folks will assume I'm anything but a "Banker". Alleluia.

If you're starting to build your work wardrobe - err on the side of quality. Better to spend $$ on a few quality pieces as your foundation. Buy trendy things sparingly. If you can afford it, spend on the shoes and bag. If you can't afford it... befriend a Saks salesperson and watch those Saks shoe sales like a hawk!!! Everything goes 40-60%.

Hope this helps!

 

I buy a lot of my work clothes at Ann Taylor Loft and Banana Republic. However, I was just promoted into a much more client-interfacing role, for which Loft is a little too casual. Banana is great for classic suits, and reasonably priced. I live near AOL Time Warner center, so I've bought clothes at Esprit and Benneton as well.

I agree with previous posts that a really nice handbag is key. I can't manage to ever leave the house with less than 3 bags of stuff (purse, gym bag, lunch etc) but my Longchamps handbag goes with everything. Probably the most expensive single item I've purchased but worth every penny.

I think women have a lot more room to dress both "wall street" and business casual as well as express their own fashion identity. I mean, how many combinations of a shirt, tie, and jacket do guys really have to work with?

 

I agree, Amb. We have more room to express ourselves, but unfortunately that also translates into "more room to hang ourselves" because the lines aren't so much lines as general grey areas.

 

Thanks for all of your advice. I guess it depends on the firm and the group as well. I was really confused about how trendy a woman can be in banking. While shopping, I have seen a lot of shirts with ruffles or nice belts that look good around the waist of a button up shirt but I wasn't sure if it would be acceptable.

What are your thoughts on plain black dresses (sleeveless)? I will be interning and I am aware that there are a lot of social events after work so I am trying to find pieces that can go from work to evening. Thanks!

 

I realize this comment comes long after you've finished your internship, but it may be helpful for others searching for the same. As a general rule on colors, I would always start with more conservative ones like black, navy or dark gray. If you see other women in your department (other analysts or associates) wearing bolder colors, you can try out some more adventurous options. In my bank, a colorful dress along with a dark blazer is perfectly ok for a Friday, but not for a day in the middle of the week where you will be meeting with clients.

Regarding the question on all black outfits, you're freer to wear a completely dark suit than a man is. If you wear a black skirt and a blazer, it does not look weird on a woman as long as you pair it with a lighter blouse. If you're doing black dresses, try putting a gray jacket over instead of a black one.

Understand that dress codes can vary greatly from bank to bank, and that you should always opt for the more conservative outfits until you get a feel for your particular employer.

 

I've worn both, but I think skirt suits or a business dress is nice for interviews. Depends on your body type I think. If you think your legs are terrible, then play up your best feature.

********"Babies don't cost money, they MAKE money." - Jerri Blank********

********"Babies don't cost money, they MAKE money." - Jerri Blank********
 

In Toronto, I saw a lot of pantsuits. White blouses, or light shades (blue, pink). NYC I've noticed a lot more dresses, blouse / skirt combos.

Same advice as for guys who aren't sure: try your best, but take your cues from people who you meet at networking sessions / in your office. Don't want to stand out for the wrong reasons. Overall guidance: tasteful, professional, neat.

 

Agree with everyone that Theory, Reiss, Lafayette are the go-to brands. Look for brands out of London for reasonably priced, better-quality separates like silk blouses. These brands can get pricey, especially for a first year analyst. I would make sure you have 2 suits, charcoal grey and black, then the rest of your wardrobe you can scour the sales rack at Bloomingdale's or the Nordstrom's department that carries Theory and be safe. Those stores have great buyers that filter out the noise of online shopping. Outside of New York it's easier to get away with Ann Taylor, Banana, J. Crew (ABC). Wearing a watch makes you look prepared. Matching it to your earrings shows attention for detail. A nicer watch makes it look like you'll "fit in". Banking is an aspirational field, you want to look like you appreciate nice things, so you will work for them, without looking like someone who belongs in marketing or fashion. Clients also appreciate bankers in nice, but not over-the-top items. I'm not a huge pearls fan, but those are a safe choice. I think partially because they signify a sense of dignity and self-discipline. I disagree on the pants / skirts. Skirts can be distracting to male interviewers / colleagues. Remember also, if you have female interviewers you don't want to look too "hot". Women can be cruel to pretty, younger girls. I wouldn't discount a pretty girl, but cleavage or a tight skirt would make me wonder if she's actually there to work. Pants suits make you look polished and serious. That said, I usually wear dresses because I'm too tired to spend time in the morning picking matching an outfit. I also work in the middle market (guilty) and can get away with a firm branded fleece, button-down, and a skirt.

 

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