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.
Kinda tryhard in my opinion. The whole point of Wall Street is prestige and fostering that elitist culture.
What the fuck is a dress sandal?
Velcro Tevas or Birkenstocks
lol, this is amazing
I never understood Birkenstocks to be honest.
Bankers will be biz casual at a minimum. All this means is the brown suits can now wear even more hideous clothing to work.
Unless you are at a beach or bathhouse don't wear sandals in public. Please.
Sandals are for women only. I personally prefer being fully clothed and covering my protruding male parts.
Rainbows work year round in the south...beach or no beach....lighten up Francis
Business Insider is a shit website. The dress sandals thing is for women only. I'm sure any of you who have spent any amount of time around a woman can picture what a women's "dress sandal" looks like.
Maybe I've now spent too much time working in the south, but analysts showing up in Brooks Brothers polos and khakis in the summer doesn't sound too strange to me. Most everyone I know wears a button down and slacks to work and hangs a navy blazer behind their door just in case. Polos and golf shirts are more or less the default for summer Fridays.
I see this a lot as well. But could just be a south/ real estate thing....
I am reversing my earlier comments elsewhere on the site. We are now heading for severe market declines. This kind of shit always happens when the market is a little frothy.
The polo shirt at work will soon replace the symbol of the bear for market declines. "The S&P is down 30% this year, reminds me a little bit of the polo market we had from 2000-2002."
so I should replace my bookends of bulls & bears with bulls & guys in wrinkly khakis & polos?
As a side note, did you ever recognize the correlation of the BBs that still required suits and ties were the ones that blew up in 08/09? The ones that made it through were generally business casual.
What if you don't have any polos and only buy calvin kleins
Common. Policy's almost always are lagging indicator. If the policy is officially allowing business casual it is because much of the bank already is business casual. When I say the bank, I'm talking about all 235k of them. The loan processor and back off staff in Ohio. Technology people.
Not bankers! You think you are going to be high flying i-banker at JPM and slum it, forgettaboutit!
You've finally made it when you can wear whatever the fck you want even if it's a GS ideas lunch @ Marea. Suits are for suckers...
Interesting opinions.. very interesting
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Before you know it you can wear a swimsuit to work! You can even wear women attire if you associate as gender fluid flux!
Keep in mind the majority of JP Morgan's employees aren't in IB/are back office.
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