Wall Street's new casual fashion code: 'Heels and ties are dead' — but experts are divided

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Wall Street's new casual fashion code: 'Heels and ties are dead' — but experts are divided
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Senate Majority Leader Chuck Schumer has relaxed the dress code which is sparking debate throughout Congress and beyond.

Wall Street has taken a cue from the tech bros of Silicon Valley, waltzing into board rooms in casual attire, heels swapped for sneakers and blazers exchanged for fleece.

The progressive dress code is a stark contrast from buttoned-up corporate couture even six years ago, Luis Arteaga, a vice president at Barclays who was an intern for the company in 2017, told But the change has fostered more work for Cadmus, who sees clients struggle to choose daily outfits for the office.

Not to mention, ditching the lavish suits and costly high heels allows the workplace to be level — after all, “not everyone on Wall Street comes from money,” said Rosenfeld., is the issue of “respect and hierarchy,” especially in large firms where some workers are client-facing, while others are not.

It appears the vast majority of companies are playing catch-up with Facebook CEO Mark Zuckerberg, who was a casual workwear proponent long before it was cool.

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