Want To Wear Polos To Work? JP Morgan Approves
This post is a bit late, but seeing as no one has commented on it yet, I'd like to discuss J.P Morgan's new business casual dress code with everyone.
To those who haven't heard yet, Jamie Dimon was well and truly impacted upon his visits to various Silicon Valley firms, and as such, decided to embrace the 'friendly' culture and vibe adopted by tech giants in an attempt to retain talent. As I mentioned in a previous post, CS is protecting Friday nights, and UBS is offering 2 hours of free time a week. JP Morgan now allows employees to rock up to work in a polo and dress sandals, but the guidelines fall just short of sweatpants, hoodies and yoga pants (which are deemed inappropriate).
With that being said, client-facing situations still require business formal wear most of the time. On a sidenote, PwC recently dropped its internal rule of forcing female employees to wear high heels, and has scrapped a dress code altogether.
In a break from tradition, the largest U.S. bank by assets is loosening its dress code to allow employees to wear business-casual attire on most occasions , according to an internal memo viewed by The Wall Street Journal. In the memo, J.P. Morgan said the change "reflects how the way we work is changing. More clients are dressing informally, and many parts of our company are already business casual." casual pants, capris, polo shirts and dress sandals are OK, according to the dress code. Jeans and "athletic shoes" aren't considered business casual unless communicated otherwise by the manager, but they are often allowed in certain sites.
What do you all think? Does ditching the $3,000 suit detract from the prestige of the industry, or do you not care provided the money is still there? Who knows, we might see MDs sporting Yeezys in ten years.