Private Banking Analyst - Appropriate Attire?

Hi, I'll be starting to work as an Analyst at a PB after my graduation this summer and was looking for some suits to buy. Last summer, I bought two suits from Macy's, and they both kind of wore off after an internship (at a different bank) and they look very cheap (Spent only $100-$150 each). However, I would imagine that I wouldn't have many interactions going on with clients as an analyst so I'm thinking I should use them for at least a year or so.

Should I maybe buy two decent suits? Or should I just stick with the ones that I already have and buy one later if I feel like I need it? I'm worried about making a good first impression/wearing appropriate attire but also I don't have that much money as a student. Thank you.

 
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