Rolex Inappropriate?

Do you guys think that a two tone gold and stainless steel Rolex watch is a bit too much for a first year Analyst to wear?

The office is on Park Avenue so I'm guessing that its fine but don't want to give off a bad signal to superiors. What do you guys think? Wait until my second year?

Comments (45)

Jun 12, 2011

I don't think anyone cares if you have a Patek Philippe Calatrava or a Casio G-Shock as long as you do your work properly and have a good attitude.

And seriously dude, couldn't you search? This question has been answered before many times.

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Jun 12, 2011

You know, you are what people would call a "Douche"

Jun 12, 2011

little off topic but did you know there's a Rolex watch that has a button that when pushed sends out an emergency beacon? Thought that was cool....

Nov 30, 2018

Breitling Emergency. Pretty neat timepice

Carl Van Loon
Van Loon & Associates

Jun 12, 2011

You're wrong ?

Breitling has that feature. Rolex doesn't.

    • 2
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Jun 12, 2011

I think the grandpa's gold and steel sea dweller with a loose bracelet looks badass (only if inherited tho)
I actually like the submariner versatility.

It rly depends
If you're a cheapo it won't look good.
If you're a Rockefeller, no one will care.

Jun 12, 2011

its fine.. as long as its not overly gaudy

I'm making it up as I go along.

Jun 12, 2011

I had a GMT Master II when I was a first year analyst, it was a graduation gift and nobody really cared or noticed.

Jun 12, 2011

who cares

Jun 12, 2011

rolex is fine as long as it doesnt scream "hey look at me!", which gold often tends to do....

I have an old vintage stainless steel band rolex circa 1968 that used to be my grandfathers that i regularly wear to work. This is what it looks like http://media.photobucket.com/image/recent/RolexEnt...

    • 1
Jul 26, 2018

link did not work, would love to see your watch

Cash and cash equivalents: $138,311
Financial instruments and other inventory positions owned: $448,166

Jun 12, 2011

Why don't you get something cool instead of a blingy rolex that normal people associate with noveau riche?

Consider:
A. Lange & Sohne
Vacheron Constantin
Ulysse Nardin
Breguet
IWC
Jaeger LeCoultre
Audemars Piguet

Sep 14, 2011
ugglan:

Why don't you get something cool instead of a blingy rolex that normal people associate with noveau riche?

Consider:
A. Lange & Sohne

I fucking love Lange watches...

Real luxury doesn't want or need brand recognition. The two most baller guys in VC I've met ($1B+ net worth) have Richard Mille and Jaeger LeCoultre watches. The average Joe on the street would have no clue.

Sep 17, 2011
venturecapitalista:
ugglan:

Why don't you get something cool instead of a blingy rolex that normal people associate with noveau riche?

Consider:
A. Lange & Sohne

I fucking love Lange watches...

Real luxury doesn't want or need brand recognition. The two most baller guys in VC I've met ($1B+ net worth) have Richard Mille and Jaeger LeCoultre watches. The average Joe on the street would have no clue.

Haha... except A Lange & Sohne are at least 5-digits. Bottom line is Analysts shouldn't really need to go out and get themselves ridiculous watches until they've been working for some time. And if they must, I would agree w/ both your points to get something a bit more subtle (that's respected by those who know watches) and not something that screams 'hey look at my Rolex! Now I'm just like every other guy that has one'. Nothing wrong with Rolexes, but it's just too common and therefore subject to the most counterfeits, and on the wrist of someone young, even if it's the real deal - people will wonder.

  • Anonymous Monkey
  •  Mar 4, 2016

Thank you, Tom Perkins.

Jul 26, 2018

Lange and Jaeger make some of the best watches/movements in the world. Those Saxonia and 1815 are truly some of the most gorgeous watches i have ever seen

Cash and cash equivalents: $138,311
Financial instruments and other inventory positions owned: $448,166

Jun 12, 2011

^^^^^lol yea like a 1st yr analyst can afford those brands. well maybe iwc, but not the others....

Jun 12, 2011

Ugglan, none of those brands even compete with Rolex, at least price-wise. By the way, it is "Sohne" or "Soehne", not "Sohne".

Jun 13, 2011

Only old people and douchey rappers wear Rolex nowadays. Even Bond switched from Rolex to Omega.

Jun 13, 2011

As long as you're working, and it's not super gaudy, no one cares. Though I wouldn't wear something like that on a daily basis to work, you can easily scratch it up on a drawer or something. That'd be a shame.

EDIT: Wait, are you planning on buying this watch, or you inherited it already? If the former, I advise against buying two tone... just looks weird on someone young. If you just need a watch for daily wear, get a beater watch first (something $300-400 or under).

Jun 13, 2011

I disagree. I would think a 1st Year Analyst who buys a Rolex with his own money is a tool, and I'm sure I wouldn't be the only one. I wear a sub $200 watch and have gotten compliments on it. At least wait for your first bonus dude.

Jun 13, 2011
Banker88:

I disagree. I would think a 1st Year Analyst who buys a Rolex with his own money is a tool, and I'm sure I wouldn't be the only one. I wear a sub $200 watch and have gotten compliments on it. At least wait for your first bonus dude.

Which watch may i ask?

Jun 15, 2011

does it matter whether or not you wear a watch? I've never worn a watch before - my hands always gotten an uncomfortable tingling feeling whenever its on - and I don't really have an intention of buying one. but then I've heard that people like to see people wearing some sort of watch, like it shows class or something. should I get a watch for style's sake or does it not really matter?

Aug 1, 2011

When I was an analyst, I purchased a pre-owned two tone date just for 4500. Instead of buying a crappy steel/leather strap jaeger la whatever the fuck, get a traditional classy timepiece. My Rolex datejust will never go out of style and is exceptionally well made.

furthermore, when it comes to watches, always buy pre-owned. The logic behind this is that a 10 year old gold watch has the same amount of gold as the same one new. So when or if you sell it, you will make more money on the spread

in simpler terms;
1995 rolex: 5000
sell now: 18000
my profit: 13000

2011 rolex(same watch): 26000
sell for: 18000
profit: -8000

Aug 2, 2011
The Pinstripe:

When I was an analyst, I purchased a pre-owned two tone date just for 4500. Instead of buying a crappy steel/leather strap jaeger la whatever the fuck, get a traditional classy timepiece. My Rolex datejust will never go out of style and is exceptionally well made.

furthermore, when it comes to watches, always buy pre-owned. The logic behind this is that a 10 year old gold watch has the same amount of gold as the same one new. So when or if you sell it, you will make more money on the spread

in simpler terms;
1995 rolex: 5000
sell now: 18000
my profit: 13000

2011 rolex(same watch): 26000
sell for: 18000
profit: -8000

Actually, two-tone is generally not very popular (and can sell at a steeper discount secondhand vs. something that's fully steel or completely gold), and typically difficult to pull off for someone younger. I would have gone with your so-called 'crappy steel or leather' - they are more classic and timeless. Most of the time two-tones only look good on women. But to each their own.

On two-tone watches: http://www.askmen.com/fashion/mens-watches_600/618...
And "jaeger la whatever the fuck" as you so eloquently put it (it's Jaeger LeCoultre by the way...) is a highly respected brand. Not the brand you would pick to belittle and compare when trying to talk up your Rolex. You should have chosen Bell & Ross or Baume & Mercier - watches that are known to be overpriced relative to what they have under the hood.

I will however agree that buying second hand is a viable option, assuming you know what you're looking for. But your example is far too simple because you're assuming the gold is the defining factor of the price. It's not - it's a lot of things, but a big part is whether the model is particularly popular (e.g., Rolex Subs) and whether it's rare (e.g., Rolex 5510 - look it up: it was only made for 1 year and comes in limited quantity, a man back in 1960s that bought the watch for under $100 ended up selling it for $60-70K on eBay, not knowing its rarity).

    • 1
Jul 26, 2018

This is one man who knows his watches, Jaeger movements are the best in the industry.

Cash and cash equivalents: $138,311
Financial instruments and other inventory positions owned: $448,166

Aug 2, 2011

Not that it matters, but I'd take a "jaeger la whatever the fuck" over a Rolex any time of the day.

People like Coldplay and voted for the Nazis, you can't trust people Jeremy

    • 1
Aug 2, 2011
Jorge:

Not that it matters, but I'd take a "jaeger la whatever the fuck" over a Rolex any time of the day.

Ditto. There's WAY too many Rolexes out there. JLCs are more limited and appreciated by those who actually know watches beyond just the mainstream names.

Aug 2, 2011

lol at caring what other people think. The only way you would bring attention is if you wear a patek, a lange, or something of that sort, and even then very few people would actually know what you're wearing.

Aug 3, 2011

You still can't go wrong with a timeless watch like a rolex. Why would you spend thousands of dollars on jewelry containing no precious metals? At that point, all you would be paying for is a brand or possibly a movement.

Aug 3, 2011
The Pinstripe:

You still can't go wrong with a timeless watch like a rolex. Why would you spend thousands of dollars on jewelry containing no precious metals? At that point, all you would be paying for is a brand or possibly a movement.

While Rolexes - because there's a wide following ranging from watch enthusiasts, nouveau riche and newbies - will always have a big enough market so you don't run much risk even if you get bored and want to sell the watch. Buying a Rolex can also be seen as following the herd. For this WSO board that's so focused on prestige - you can say that a Rolex is 'too obvious' of a choice - a dime a dozen.

And "timeless" can also really fall on the look and model, not just brand alone.

Well you are generally paying a watch for it's brand (it's history). And yes, you're paying for movement - this is huge point (it's like what's under the hood for a car) - and craftsmanship. Otherwise, some non-watchmaking jewelry brand can just outsource the movement and bling up the watch and hope to sell it for a ton. Funnily that's sort of like Cartier (which I associate more to jewelry than fine watchmakers, but to their credit, they are trying). Watches aren't seen as 'just jewelry' - they're seen as works of art because of the level of detail that goes into making mechanical movements.

Steel watches that are top of the line use very high quality steel that's very durable and helps watches stand the test of time. A good story on this is AP's Royal Oak. AP was on the verge of bankruptcy and they made a last ditch effort on their Royal Oak - a fully stainless steel watch that was priced even higher than their 18K gold watches. The model was an extremely unique offering at the time - and it paid off: http://www.timezone.com/library/extras/201012035459
So yes, adding gold to something like diamonds can increase the sticker price, but it's not the main determinant (the other things - brand, movement, complications, craftsmanship, prestige & history, rarity - are).

Personally... I haven't seen many gold watches I like. Easy to mess up... can look gaudy, and unless you're of a certain age, can come off incredibly toolish. But again, to each their own.

Best Response
Aug 3, 2011

you shouldn't wear a watch at work. it will slow down your excel shortcuts, and ultimately make you slower than other analysts. you'll find optimum efficiency with equally weighted wrists. maybe after next years bonus, when you can afford another rolex, you can wear one on each wrist.

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Nov 27, 2018

Back in my computer gaming days I did this novel thing called 'taking my watch off' when shit hit the fan

Aug 3, 2011

Contrary to popular belief, investment banking is not a fashion show. People don't give a shit what you wear as long as you look well-groomed and professional. If you want to wear a rolex, wear a rolex.

If you are in a less "formal" environment within banking, like a trading floor environment in a product group, I think it's a bit weirder to wear a rolex, but still no one will notice or care.

Aug 3, 2011

I love how different asset management is. The average analyst on my team pulls around $350k/year all-in (at least that's what the most junior analyst makes), and the PMs 7-figures, and I see nothing but rubber watches and very average Bostonian/Florsheim-esque shoes.

Aug 5, 2011

while it is a horrible waste of money, the overall impact to your reputation should only be minimally negative. sure, some may think you are a dou$he, but your work should speak for itself.

i personally think any analyst that buys a rolex is an idiot, but that's just my $0.02. at work all I really care about is working with good people and having work done correctly.

Nov 29, 2018

this is what happens when you fail to make it to the buyside.. very salty mate

What concert costs 45 cents? 50 Cent feat. Nickelback.

Aug 5, 2011

Brietling is the watch to have...either way I doubt they'll care what watch you are wearing.

Aug 6, 2011

Rolex Day Date 2 with the polished platinum dial in roman numerals and president bracelet... is a king's watch.

Sep 2, 2011

Please ignore the negative comments, I am in the interview process so far for an Analyst position and have talked to a lot of great people and feel good about it. I would recommend you wearing whatever you feel you should wear and DO NOT THINK ABOUT IT lol. I know quite a lot of kids through my life that wear rolex's, and honestly a rolex like the one you are describing is not overally gaudy, it is more classic and conservative. In my opinion the best low-key rolex to wear is a shiny silver colored one with pearl I believe on the face or something like that. A friend of mine with a PhD wears that and it looks quite nice. I wear a 2-toned tag heuer every day, I think it was the same watch obama used to wear, it was given to me as a gift many years ago, I think about 500-700 dollar range. I like the watch and even if it was a diamond studded watch I wouldn't be wearing it to see what other people think of it, I would wear it because I like the quality of the piece.

Work really hard and that's all that matters. Maybe at one point in your career people will look at those things you wear as more of a safety net, for them to feel like you are wealthy and a good person to work with. It sounds like you are a conservative guy, so I wouldn't worry about wearing the Rolex. Some people wear stuff just to see what others think, and I don't think you are one of those people.

Sep 10, 2011

rolex submariner
classy and timeless

Sep 29, 2011

Two-tone? Are you moving to Boca?

Jan 19, 2013
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Jul 25, 2018
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Nov 29, 2018
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What concert costs 45 cents? 50 Cent feat. Nickelback.