New Wall Street drescode: What should we ware?



Goldman Sachs posted a Twitter poll on their employees about what they should wear for work after the investment bank had relieved their dressing requirements.

The winning choice? "Sneakers and Sweatshirts" with 38% activity. But "suit" stays steady in second position of 28%. "City uniform" was the weakest choice. A style of dress so stereotyped that it even has its own installation account.

The poll shows that even Wall Street's toughest companies on how to dress their employees are beginning to surrender to dogma. The 150-year-old company said in a message to its employees that "there is a move to a more flexible dress." Of course, the bank encourages all 36,000 employees to rationally choose their freer clothing style.

The tendency to loosen the job-labeling label began in the 1990s. Then the companies started to apply the so-called "casual Fridays". The style gained strong popularity after the tech giants from the West Coast, such as Amazon and Facebook. Goldman was one of the last, who had not yet adopted a more formal style of dress.

Wall Street companies must start adapting to the competition with technology giants for youngsters who prefer not a jeans suit - even in the most professional environment.

Goldman for the first time lightened the décor of its technological and digital division in 2017. The deployment of the new policy to the other departments is part of the firm's philosophy of constantly changing the working environment. The changes come three years after JPMorgan Chase adopted this approach.

Four years ago Barclays banned its staff from wearing jeans, flip flops and T-shirts at its headquarters in London. Goldman Sachs encourages employees to always think carefully about what to wear, even in free style. Something JP has long since introduced as a rule.

Source: CNBC

Photo: Pixabay

 Jr Trader Martin Nikolov

Read more:

If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy