Comments (29)

Nov 16, 2010

I wouldn't spend $5000 for a SA internship.....

$1000-$1500 is plenty.

Nov 16, 2010

I believe M&I says no more than 3k.

Nov 16, 2010

If my parents offered to give me 5k to buy a wardrobe, then I'd spend it... on 3 nice suits (800-1k each), 2 pairs of shoes, some belts, shirts, etc... you'll get there easier than you think.

Don't buy a $670 pair of Church's and roll in wearing them on your first day, it could result in an awkward situation. Trust me on that one.

Nov 16, 2010

wha bout some 630 ferragamosssssss

Nov 16, 2010

I'd literally spent <300, bought some white shirts and a couple dress pants

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Nov 16, 2010

For interviews, $1200 is perfectly fine.

$160-$200x5-> 100% wool suit at Carson's, MW, or JCP, ideally navy or charcoal. Avoid pinstripes. JCP and Carson's typically publish coupons.

$50-> Nunn Bush leather shoes.

$20x5-> American Living business shirts.

$20x5-> Claiborne ties
$30x5-> Tailoring.
$20-> Belt to match the color of the shoes.

DONE

Feb 12, 2011
IlliniProgrammer:

For interviews, $1200 is perfectly fine.

$160-$200x5-> 100% wool suit at Carson's, MW, or JCP, ideally navy or charcoal. Avoid pinstripes. JCP and Carson's typically publish coupons.

$50-> Nunn Bush leather shoes.

$20x5-> American Living business shirts.

$20x5-> Claiborne ties
$30x5-> Tailoring.
$20-> Belt to match the color of the shoes.

DONE

Listen to this man. Your wardrobe revolves around your pay scale.

Nov 16, 2010

I recommend getting socks, belts, ties, and possibly some shirts at a discount store like Marshall's or TJ Maxx. This will allow you to spend more on a suit, which is the most important.

Nov 16, 2010
jonnyseed:

I recommend getting socks, belts, ties, and possibly some shirts at a discount store like Marshall's or TJ Maxx. This will allow you to spend more on a suit, which is the most important.

The MOST important thing is spending money on a good tailor after you've gotten your suit. Fit is much more important than the label in the jacket.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Nov 16, 2010
happypantsmcgee:

The MOST important thing is spending money on a good tailor after you've gotten your suit. Fit is much more important than the label in the jacket.

+1

For most college students, just ask a female friend with a lot of dresses or someone who's done this before on campus who they recommend. Not sure if you need anything more than dry cleaner tailoring, but wearing a suit that doesn't fit looks almost as bad as wearing your t-shirt backwards.

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Nov 16, 2010

Miss Ind answered this question already. You should go look at it.
And you do not need 3 suits ...
But you should invest in some nice shoes ...

Nov 17, 2010

I spent ~250 (minus suits). Seemed to work out fine.

    • 1
Jan 28, 2011

Recently got a $2000 RL black label suit for $800. RL has surprisingly good sales..

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.

Nov 16, 2010
ah:

Recently got a $2000 RL black label suit for $800. RL has surprisingly good sales..

Hmmm. I thought about buying a $250 RL black label suit but figured I looked better in a $300 Hart-Marx.

That's too spartan IMO. A lot of good designer stuff can be found at good discounts (ex. Giltman). If you up your price point slightly, you can get much better quality for an affordable price.

Why spend more than you have to on clothing if you are an analyst? Everyone knows you're poor. Besides, you don't want to have a panic attack when a pen explodes.

Five Stafford suits at JC Penney= $900.

DONE.

Jan 28, 2011

Are you guys serious? You don't need to spend $2000 on your wardrobe for the summer... you can get decent quality suits from Jos A Bank or Men's Wearhouse for ~$300 each, if you follow the deals like "Buy one suit get one free" and all that. If you have been interviewing, you probably already have a suit. Buying one or two more is probably a good idea, but you don't need to go out and get an $800 suit... just make sure it fits. A $300 suit that fits is better than a $2000 suit that doesn't fit.

Also, check the dress code... you may only need one jacket (for meetings, dinners, presentations, whatever), if the place is biz casual, and some offices of certain banks (even some BBs) are definitely biz casual. You can find good ties at Macy's for under $40, and even lower if you go to an outlet mall. Perry Ellis outlets usually have great ties for around $20. Macy's also has great dress shirts for under $40... check out the Kenneth Cole ones, for example - they're usually on sale this time of year. You can get quality shoes for under $70, too.

My point is that you don't need to go out and get high-end crap for your internship. Save that for when you're a VP. Save your money, kids, and spend smart.

Jan 28, 2011
Beef:

Are you guys serious? You don't need to spend $2000 on your wardrobe for the summer... you can get decent quality suits from Jos A Bank or Men's Wearhouse for ~$300 each, if you follow the deals like "Buy one suit get one free" and all that. If you have been interviewing, you probably already have a suit. Buying one or two more is probably a good idea, but you don't need to go out and get an $800 suit... just make sure it fits. A $300 suit that fits is better than a $2000 suit that doesn't fit.

Also, check the dress code... you may only need one jacket (for meetings, dinners, presentations, whatever), if the place is biz casual, and some offices of certain banks (even some BBs) are definitely biz casual. You can find good ties at Macy's for under $40, and even lower if you go to an outlet mall. Perry Ellis outlets usually have great ties for around $20. Macy's also has great dress shirts for under $40... check out the Kenneth Cole ones, for example - they're usually on sale this time of year. You can get quality shoes for under $70, too.

My point is that you don't need to go out and get high-end crap for your internship. Save that for when you're a VP. Save your money, kids, and spend smart.

That's too spartan IMO. A lot of good designer stuff can be found at good discounts (ex. Giltman). If you up your price point slightly, you can get much better quality for an affordable price.

Jan 28, 2011

If I were FT, and I had an SA who looked sharp without being flashy, I'd give him major props. Plus, quality shit will last you a lot longer, except when maybe your pen explodes, but that's not a very probable situation.

Nov 16, 2010

Well, are you FT? I'm FT, I've indirectly managed interns and given feedback on them, and I'll say that tthe business attire is more about respect for the culture than anything else. Especially if you are not meeting with clients all day.

Frankly, I care a lot more about the analyst's work product and how well he handles himself. Someone panicking because they spilled curry or ink or toner on their $800 suit easily cancels out any minor benefit from looking "sharp". Better to be sharp than look sharp. Besides, the difference between five $800 suits and five $200 suits can pay for a lot of pizzas and a lot of Yuengling.

Jan 28, 2011

Good point about the curry, although I'm doubtful I'd be eating curry on the trading floor........ haha

I wasn't planning on wearing an expensive suit to work either, it's rather an investment for occasions for now. Whatever's most comfortable and still professional probably works best

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.

Feb 2, 2011

I'd think $1000 is more than enough for one set.

"The greatest barrier to success is the fear of failure."

Nov 16, 2010

Consider the fact that:
You might not like ib as a career
Your firm may go bankrupt
You may not get a ft offer
You are more likely to gain some weight
....

Needless to say, when I was an intern i bought
2x suits (Charcoal and Medium-Light Grey, no stripes), No business casual where I interned. I'd stay away from stripes(striped shirt+stripet suit+striped tie= f****** optical illusion) and take look at birdseyes patterns instead..Avoid medium light gray too if you're not a fashion model or 90 years old.

3x shirts (Light Blue and Plain and Striped White)
Consider buying 6 or you will end up doing laundry every single day, skip the striped. I'd get 1 very nice white shirt with french cuffs and one with barrel cuffs (synergies, you know...).

6x ties (Some fancy (think Hermes, Ferragamo, Zegna) and the rest by )
My gf(now wife) gave me the ferragamo tie as a gift (bought it at a huge discount). I hate pastel color, but the tie has performed better than any other one I 've had, despite the fact that I overused it to shed it faster. I suggest everyone to hunt for discounted Ferragamo ties (around 50 bucks).
I'd still get one (1) Hermes tie just to know how it feels to own one and being worried about it all day long (and synergies..you know)
Zegna ties are nice but you can get equally boring ties for much less.

1x pair of shoes (black oxfords, 100$).
1x pair is enough, but 2x pairs will be fine too. I'd get some nice loafers.

UNDERWEAR
The fact that it is unlikely that you get laid does not provide a license to wear grandpa's underwear.

Shoes and a nice watch are important if you meet clients.
I used to despise rolex for being used by db's, but i've come to like the submariner.

Just spend on fancy things you are somewhat needed and you are likely to use a lot (1 or 2 shirt(s), 1x tie, shoes, belt), avoid bright/weird colors/patterns and poliester

Feb 12, 2011

Ok, so I kind of mentioned this in the "Hugo Boss" thread but what if you aren't buying your wardrobe? I have multiple suits/dress shirts/ties/dress shoes from family functions/other engagements and I have no need for additional wardrobe. However, value wise it much exceeds your 2000/3000/5000 dollar limits. Are the purpose of these "limits" so the kids who are spending their own money don't blow their loads or is it just not okay to have nice stuff? I've haven't been to Men's warehouse or a department store in years and would have preferred not to go backwards so to speak so do I really have to go buy cheap shit just to fit in at a summer analyst gig?

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."

Feb 13, 2011
Independent Gestion:

Ok, so I kind of mentioned this in the "Hugo Boss" thread but what if you aren't buying your wardrobe? I have multiple suits/dress shirts/ties/dress shoes from family functions/other engagements and I have no need for additional wardrobe. However, value wise it much exceeds your 2000/3000/5000 dollar limits. Are the purpose of these "limits" so the kids who are spending their own money don't blow their loads or is it just not okay to have nice stuff? I've haven't been to Men's warehouse or a department store in years and would have preferred not to go backwards so to speak so do I really have to go buy cheap shit just to fit in at a summer analyst gig?

That's what I asked myself. Apparently it's even worse when it comes to watches (wearing Rolex and above as an analyst is a faux pas apparently). Im just sad that i'll be staring at my watches on the winder instead of wearing them because the majority don't have watches like these yet.

"When in Rome, do as the Romans do", or something close to that haha

How would a random person know if I was wearing a Kenneth Cole or a Hermes shirt,anyways? The feel is very different and I must say the Hermes shirts feel much nicer.

Greed is Good.

Feb 12, 2011
konig:
Independent Gestion:

Ok, so I kind of mentioned this in the "Hugo Boss" thread but what if you aren't buying your wardrobe? I have multiple suits/dress shirts/ties/dress shoes from family functions/other engagements and I have no need for additional wardrobe. However, value wise it much exceeds your 2000/3000/5000 dollar limits. Are the purpose of these "limits" so the kids who are spending their own money don't blow their loads or is it just not okay to have nice stuff? I've haven't been to Men's warehouse or a department store in years and would have preferred not to go backwards so to speak so do I really have to go buy cheap shit just to fit in at a summer analyst gig?

That's what I asked myself. Apparently it's even worse when it comes to watches (wearing Rolex and above as an analyst is a faux pas apparently). Im just sad that i'll be staring at my watches on the winder instead of wearing them because the majority don't have watches like these yet.

"When in Rome, do as the Romans do", or something close to that haha

How would a random person know if I was wearing a Kenneth Cole or a Hermes shirt,anyways? The feel is very different and I must say the Hermes shirts feel much nicer.

Amen brother. Shirts are where I won't compromise. Nothing worse than a greasy rough feeling of cheap barrel-cuffed shirts with poofy backs. Although I'd say Hermes is unnecessary, Tom Ford/Prada/RL Purple label make great shirts for ~300 US.

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."

Nov 16, 2010

No. But I would stay subtle, subtle subtle. Don't wear anything that was obviously very expensive. This is almost one of those situations where instead of being afraid folks see the lapel "Made in China", you need to be careful about not showing "Armani".

Also, I just have to ask, if you have so much money to spend on clothes, why are you working in banking?

Feb 12, 2011
IlliniProgrammer:

No. But I would stay subtle, subtle subtle. Don't wear anything that was obviously very expensive. This is almost one of those situations where instead of being afraid folks see the lapel "Made in China", you need to be careful about not showing "Armani".

Also, I just have to ask, if you have so much money to spend on clothes, why are you working in banking?

I like finance. As long as I'm still in school my parents still pay for what I want. I guess I just always kind of assumed it didn't matter what you wore as long as you didn't look like John Gotti. I appreciate the advice.

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."

Feb 13, 2011

http://www.hodinkee.com/blog/2011/2/11/what-does-o...
One hell of a baller baby...10 months old and already has an AmEx Centurion card lol baller than most on this forum haha jks

Greed is Good.

Feb 12, 2011
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Nov 16, 2010
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