Why do you guys always wear vests?

Ray Finkle's picture
Rank: Orangutan | 346

I have worked on several floors and been on many more..... No matter what the majority of you guys are rocking vests.... Usually with a company logo. Whats the deal? I am asking here in anonymity.

Mod Note: Check out this humorous post about Wall Street's love of vests.

how to wear a fleece vest Over Dress Shirt?

The fleece vest is has become a token item in the wardrobe of many Wall Street traders. You may think that the sweater vest is more suitable for casual wear. Perhaps in combination with your pastel polo from Brooks Brothers. However, we all know that anything less than six buttons is liable to get you fired. You also know that a regular sweater vest just makes you an Urkel. Right?

Color Choices for Fleece Sweater Vests

The full zip fleece sweater vest is a statement. All fashion is after all. Sweater vests with firm logos is equivalent to talking just loud enough so the normals can hear about your upcoming night of cash-fueled sin at Le Bain or 1 Oak. A good fleece is often neutral colored. It's usually paired with blue, white, or purple. Blue should be your first choice. Blue portrays confidence and wisdom. This will help ensure that you don't lose your mind during the next flash crash as you are surrounded by those cool tones. Next, keep in mind that The North Face is played out. Patagonia is the only viable option if you plan on showing your face in midtown.

What Does Wearing a Vest to Work Signal?

One word. Power. Jeff Bezos rocks the sleeveless vest and he's sitting at 105 billion in net worth. Did Bezos wear the vest when he was selling paperbacks with a receding hairline? NO. The vest demands respect. The full-zip vest is also extremely functional. It allows for a full range of motion when slamming your keyboard as your favorite cryptocurrency tanks. You can also use it to flex your bicep when you take a call. Always remember to flare your elbow all the way out. That way you can pretend elbowing the SEC guy behind you was an accident. Copenhagen long cut is recommended to improve all of these functions.

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Comments (28)

Dec 21, 2010

Do you work in a hotel?

Dec 21, 2010

Consuela change my pillow cases

Dec 21, 2010

The hell are you talking about?

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

Dec 21, 2010

I think he's referring to fleece vests, a la:

http://www.thenorthface.com/webapp/wcs/stores/serv...
I have never noticed a particularly unusual propensity towards their wear in finance, but I suppose the sort of people who wear fleece vests (white, athletic males from the Northeast who are less outdoorsy than they'd like to appear to be), are also the sort who gravitate towards finance, so I guess you'll see them worn more at firms that permit that sort of thing. Also, offices tend to be a bit on the chilly side, but wearing a full fleece gets too hot and gets in the way of typing, so its a happy medium.

On a more serious note, be sure to change the toilet paper before you leave.

Dec 21, 2010
drexelalum11:

On a more serious note, be sure to change the toilet paper before you leave.

C'mon dont be an ass to the lower level guys, you never know when your gonna get terminated and working as a waiter. Life takes messed up turns, hope your fortunate enough to avoid them.

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Best Response
Dec 21, 2010
kiwiserv:
drexelalum11:

On a more serious note, be sure to change the toilet paper before you leave.

C'mon dont be an ass to the lower level guys, you never know when your gonna get terminated and working as a waiter. Life takes messed up turns, hope your fortunate enough to avoid them.

At least I'll still be able to take a joke when I'm waiting tables.

    • 4
Dec 21, 2010

Mostly traders....

May 27, 2012
Ray Finkle:

Mostly traders....

I would like this one step further and suggest it's mostly Fixed Income/Credit traders and DCM

Dec 21, 2010

its def a trader thing

Dec 21, 2010

Laces out!!!!!

Regards

Dec 21, 2010

Did not see one of these so called 'vests' during my SA stint. Reminds me too much of the consultant in the LSO Feels good to be a banker video

Dec 21, 2010
derivstrading:

Did not see one of these so called 'vests' during my SA stint. Reminds me too much of the consultant in the LSO Feels good to be a banker video

Lol, same.

I win here, I win there...

May 25, 2012
derivstrading:

Did not see one of these so called 'vests' during my SA stint. Reminds me too much of the consultant in the LSO Feels good to be a banker video

Who wears vests in the summer??? thats why you didnt see it as a SA...

Eventus stultorum magister.

May 26, 2012

traders on my floor wear them -- sometimes they are gifts from brokers etc and it does get chilly on the floor so they just keep them on their chairs overnight and wear them when they want to. Guess it's better than putting on a sweater or a full jacket.

May 26, 2012

yeah during my SA most of the vests I saw were draped over the traders' chairs and were ICAP and whatnot

May 26, 2012

http://www.youtube.com/watch?v=mDLoT5sWOmE
first 10 seconds... that you?

May 26, 2012

these are almost always gifts from inter dealer brokers, they have ICAP GFI logos, etc
the floors are kept extra cool since the number of computers, human bodies

and on server floors (the banks are paying hundreds of thousands a day to cool)

May 27, 2012

Trading floors are cool for reasons mentioned above. The vests with corporate logos are also always free, either from the parent firm or a regular business partner.

May 27, 2012

Tons of people wear these vests on trading floors. I think its ridiculous and make fun of people where I work constantly about them. But the OP is right that they are very prevalent...get on the Metro North train in the morning going up to Greenwich and 50% of the train is wearing them.

There is no answer as to why people wear them...my only guess is that most people in this business are style-challenged.

May 28, 2012

They are usually free. People like free things.

May 28, 2012

Gets cold on the trading floor sometimes. Probably why they have em.

May 28, 2012

yeah it was a little chilly down there...but i work on the same floor sometimes (on the other side tho) and its not that cold over there.

May 28, 2012

Funny. I asked the same thing MONTHS ago :-)

http://www.ibankingoasis.com/node/1633

May 28, 2012

Some hedge funds (SAC comes to mind) pump cold air onto the trading floor to keep the traders alert while at the same time giving them fleeces to stay warm.

May 28, 2012
Comment
May 28, 2012