How much money do you spend on clothes on annual basis

I got into this finance stuff so I can be dripped out like the rappers I grew up listening to. However, I am wondering how many of you bankers spend 10k+ a year on a drip. If so, can y'all drop the brands and pieces you rock regular? Just a prospective monkey looking for a way to fuel his fashion hobbies.  


As an icebreaker which is better Gucci or Balencigas? Tbh I like balencigas.  Cant work on wall street to be dripped out.

 
Most Helpful

I buy fewer clothes for myself at this point than I do for my wife, she does the same for me. Always a nice little surprise - she's better at dressing me than I am at dressing her. If I had to guess the annual gross combined value we spend for clothes, it's probably around $2-3K. I'm a big fan of wearing clothes until they break, so save professional dress such as collared shirts, vests, q-zips, blazers, etc., I mostly buy higher-end loungewear which is what I live in. 

Lulu, Rhone, Vuori, Todd Synder, Pata, and Uniqlo probably represent 60-70% of my "daily" wear. The great thing about these brands is that you can wear many of their products in a business casual setting. Formal definitely less so, but they usually work. I've never been a designer fan - logos don't really entice me any more, and if I'm trying to "flex" a nice piece I prefer subtle things. For suits, I like Ralph Lauren or Indochino, nothing too expensive but not the entry-level grade. I will say that SuitSupply and Brooks Brothers still carry their weight - I wouldn't wear one to a client meeting, but I also don't feel the need to spend the price of a new car on a Dolce & Gabbana piece. Just a personal take

 

I share this sentiment largely. Not a personal fan of the “drip” attitude. Personally a very big fan of Ralph Lauren Custom Suits program they have at their flagship stores, their excellent value in my opinion. Indochino I always recommend for entry level.

If I do spend larger amounts of money on clothes it’s likely something from Johnston of Elgin, Loro Piana, or Pringle of Scotland. If I can find any of these second hand I’ll purchase it there, and looking second hand can be a fun thing to do. Big focus on quality and longevity of the clothes I buy over fast fashion “drip” coming out of large fashion houses these days.

 

I only spend real money on clothes for skiing, hiking, and biking. I would guess that's probably about $750 per year. I don't skimp on things that separate me from the elements. At this point I am pretty well-stocked, though. 

In terms of clothes for just wearing? I don't know, $100 annually?

Who gives a shit about this? The fuck is "drip"?

 

buysideandbitches101

Cant work on wall street to be dripped out.

Pretty sure you mean "out dripped." Being dripped out means you're dope.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Normally about $2K: 1-2 pairs of shoes, a few pullovers/sweaters, a couple polos which runs around $2K. A lot of Peter Millar, Lululemon, Allen Edmond, etc.

But I recently changed sizes which has forced me to replace at least 80% of my wardrobe in the last 2 years which has been a pain in my ass (and wallet). I'd ballpark $20K+ in the process.

Most people with a good collection of nice clothes aren't dropping 5 figures a year. They buy quality pieces over time that last and aren't buying "dripped out" tacky, overpriced designer garbage.

 

I recently did the math and my wardrobe is around $12k, but I’ve been wearing jeans and a flannel when I do go into the office. All pieces of those fits sans the vest were purchased 4+ years ago in college, but they fit great. I’d easily argue that’s a more professional look than khakis and a business casual shirt outfit where neither are tailored.

I have 5 suits and haven’t worn any in 2+ years. 3 blazers as I got rid of all the others that didn’t fit perfectly and they weren’t worth getting tailored. Around 20 dress shirts but several have been victims of blowouts. Upped my polo game with Peter Millar and Mizzen + Main. Restocked socks with Bombas.

My gym clothes are all the way back to high school for some. I could supply a football team with the amount of Nike training gear I own.

20+ pairs of shoes ranging from limited Nike runs (Kobe’s worth $2k now if I never worn them) to RM Williams boots.

 

Quasi perspiciatis soluta in aut aperiam omnis dolorem. Quae dolorem mollitia ut velit provident. Porro error expedita nemo ut reiciendis rem. Omnis temporibus omnis quam qui eum. Dolorum impedit rerum cum recusandae modi. Sit dignissimos qui et expedita et adipisci aut. Provident est eos est possimus qui illo quasi.

Consequatur ea nihil amet autem nostrum ad laboriosam. Aut modi odit aperiam cupiditate.

Cupiditate quo recusandae autem. Doloribus dolorem provident consectetur sint non. Ex atque nisi quaerat qui. Recusandae temporibus numquam nemo. Consequatur facere excepturi molestias nesciunt eum. Saepe eos ducimus sapiente expedita beatae veritatis et.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”