When you buy suits be sure to get 2-3 pairs of pants, they wear out a lot quicker than the jackets.

Ask the 1st year full-timers obviously. Banks range a lot like gstackle noted - remember when Lehman existed, they were suit and tie every single day...

if you like it then you shoulda put a banana on it
 
Best Response

To answer the OPs question, again, it depends on the bank.

If business formal four days a week, I would buy four suits (one solid charcoal and one solid navy in all-season worsted, one solid medium grey flannel, one light grey in a tropical weight with a subtle pattern). Also, buy a navy blazer. I would budget about $2,000 total.

I would also buy about four odd trousers (dark grey, dark navy, khaki, and light grey, all solid). About $100 each. $400 total.

CT, TM Lewin, and BB are fine for dress shirts (tailored, fully fitted, and extra slim fit respectively) at around $40 each. Yo should probably buy ten shirts total (white and blue bases, mostly) so you only have to do laundry once every two weeks. That's $400 total.

You can stick to 4-5 ties for now (quality over quantity is important here). Personally, I favor solid or subtly patterned ties in heavier silks. I would look to spend about $50-$70 each (could do bespoke with Sam Hober at that range). So, about $300 total.

Get three shoes (one black balmoral captoe, one dark brown captoe with a light brouging and a medallion, and one pair of medium brown loafers). Highly recommend Meermin here. Link here: http://meermin.es/. That should run you about $700 total.

So, from your 10k signing bonus (about $6,900 after taxes), you're looking at about $3,800 in building your wardrobe.

Helpful links here:

http://asuitablewardrobe.dynend.com/2009/02/building-suit-wardrobe.html http://asuitablewardrobe.dynend.com/2009/08/wardrobe-building-year-two… http://www.styleforum.net/a/how-should-i-start-my-business-wardrobe

frgna:
When you buy suits be sure to get 2-3 pairs of pants, they wear out a lot quicker than the jackets.
I consistently hear people say this and it really confuses me. No first year analysts should be buying suit separates (where you can get multiple pairs of pants for each suit), as they are too cheap and generally ill-fitting. On the other end of the spectrum, no first year should be spending the $1,000+ required to get decent MTM suits, where you can have multiple trousers made. Decent OTR brands do not sell pants separately.
When one man, for whatever reason, has an opportunity to lead an extraordinary life, he has no right to keep it to himself.
 

Ut porro a beatae sed officia exercitationem. Doloremque similique voluptas debitis explicabo odit et necessitatibus et.

if you like it then you shoulda put a banana on it

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
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...”