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The shoes of the successful investment banker

Shoes for investment bankers

Worse than brown

On no account must you wear brown shoes in the City of London. Brown may be anecdotally acceptable in Continental European financial centres, but it is never, ever ok on London Wall. Most people knew this already and if they didn’t, it was confirmed by last week’s UK government report on social mobility in finance (brown shoes are equated with a lack of ‘polish’ which is tantamount to being non-middle class).

But if you shouldn’t wear brown shoes, then what? And does the brown shoe shibboleth also apply on Wall Street?

The answer to the latter appears to be yes – it does. Observation of the shoes worn by top executives at top banks suggests none of them are all brown. They are all black. And they are all very similar indeed. They look like this, from the UK company Church’s, costing £425 ($566):

Perfect shoe

Wearers of shoes in the style above include Jamie Dimon and Lloyd Blankfein, as shown in the photos below.

Lloyd Blankfein shoe

Source: Steve Coll by Stewart Morris is licensed under CC BY 2.0.

Jamie Dimon shoes

Source: Fortune Global Forum 2013 by Fortune Live Media is licensed under CC BY 2.0.

They also include Andrea Orcel of UBS whose shoes are visible here and John Cryan of Deutsche whose shoes are visible here.  Basically, if you’re a man who wants to get ahead in investment banking, wear black lace-ups – like school, except many times more expensive.


Contact: SButcher@eFinancialCareers.com

Photo credit: Fashion Statement! by Tony Alter is licensed under CC BY 2.0.

 

Comments (1)

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  1. If you’re working in finance or bank in France, there is only one brand : Weston. Black leather, of course.

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