Ask Muffie: 06.21.06

Muffie Benson-PerellaMuffie Benson-Perella (muffie AT dealbreaker.com) is an Associate in the Investment Banking Division of a "Bulge Bracket" bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column "Heard in the Suite" is a probing (and, ahem, fictional) weekly look into the secret lives and behind the velvet curtains of the investment banking world.

Dear Muffie:

There’s a lot of eye-candy on the trading floor of any Investment Bank. As a gay man I’ve always found the testosterone filled atmosphere generated by the fit guys on the spot FX trading desk particularly intoxicating. But which traders are gay, and perhaps up for finding somewhere private for a bit of fun at lunchtime? I find it very hard to tell in that situation, does Muffie have any tips to help me?

Gay Banker

I think the intern here botched your letter. He's such a lazy slob he works all the time and never goes out. I've corrected it below:

There’s a lot of eye-candy on the trading floor of any Investment Bank. As a gay man enthusiast I’ve always found the testosterone filled atmosphere generated by the fit intoxicated guys on the spot FX trading desk particularly intoxicating fitting. But which traders are gay, and perhaps up for finding somewhere private for a bit of fun at lunchtime? I find it very hard to tell in that situation, does Muffie have any tips to help me?

Looking for a Gay Banker

Dear Looking:

I don't know why you are wasting any time with Sales and Trading people. If there are gay men in that group they are so beaten into the closet already that all the qualities that make a gay financial professional a girl's best friend, like the inside gossip on the other gay professionals in the office, are totally repressed. To your question, there is no doubt that gay men are the best secret in the world of bulge-bracket finance. First of all, they know all the best clubs and, more importantly, the clubs that are about to be the best clubs- a very important bit of inside information in the volatile world of top-tier investment banking. Spending time with then is a must. Once it is clear they are gay, obnoxious male bankers out on the town avoid them (and therefore you) like the plague, but they rarely show their colors easily. This means one has to learn to recognize the signs, and they are subtle. No one sign will clue you in, you must view the whole of the picture. I have assembled this self-scoring table to help:

Shoes:
Gucci shoes with any sort of flair: 4 points.
Valintino shoes in anything but black: 2 points.
Other: 0 points.

Suit:
Bright or loud pinstripes (not in London): 3 points.
Other color (not blue or white): 1 point.
Writes "Colour" (not in London): 2 points.

Shirt:
Pink: (not in London): 3 points.
Pink: (at any Goldman Sachs office): 5 points.

Shops:
At Barneys New York: 3 points.
At Sachs: 0 points.
Has Barneys bags at/under desk: 5 points.

Drinks:
Anything with tonic: 3 points.
Anything with vodka: 0 points.
Anything colored: 4 points.
Anything colored with vodka: 5 points.

Eats:
Steak: 0 points.
Anything else: 3 points.

Sports:
Sails: 0 points.
Golf: 1 points.
Golf with designer golf pants: 2 points.
Firm softball team: 2 points.
Lacrosse: 3 points.
Played lacrosse at Duke: 4 points.
Rugby: 5 points.

Drives:
Hybrid (except Goldman): 0 points.
LeBaron convertible: 2 points.
Hybrid (Goldman, not including "limo service"): 5 points.
BMW: 5 points.
Mercedes: 5 points.
Porsche: 5 points.

Watches:
CNN: 0 points.
CNBC: 1 point.
NBC: 2 points.
Mad Money: 5 points.

Score:
40 points: Definitely Gay
0 points: Probably Gay

Next Time: The Investment Banking Girl's Guide to Landing a Gay Banker

--
Muffie Benson-Perella reserves the right to edit and reprint all submissions to her advantage. Forward all your critical finance and personal (but not personal finance, that's for the PCS group) questions to : muffie AT dealbreaker.com

Comments

1

Posted by Jeff , Jun 21, 2006 12:41PM

Muffie, how many points for suspenders, cufflinks, and/or bowties?

2

Posted by Andrew G. , Jun 21, 2006 2:36PM

How many points for a membership to John Allan's?

3

Posted by m , Jun 21, 2006 3:54PM

100 points for the guy who points out how great a girl's Choos / new Gucci nautical mules are. (and uses the word fabulous)

4

Posted by Bulging Bracket , Jun 21, 2006 3:57PM

Just where is this "Sachs" that one is to shop at eh Muffster? Someone has GS on the brain, and while their alumni do run a number of (very low-end) retail firms, I'm not as yet aware of them retailing anything but securities.

Nice to get nearly everyone to the "gay" end of the questionnaire thouh.

5

Posted by Muffie Benson-Perella , Jun 21, 2006 4:14PM

"Just where is this "Sachs" that one is to shop at eh Muffster? Someone has GS on the brain..."

That's absurd.

6

Posted by beanspants1 , Jun 21, 2006 7:57PM

I think she means Saks 5th Avenue.

or is sachs what the cool kidz call it?

i thinks saks is better, because ball saks are funny. but that's just me.

7

Posted by Muffie Benson-Perella , Jun 21, 2006 8:47PM

Look, if you haven't heard of Sachs Fifth Avenue then I don't know where you've been for the last several years.

Further, I know not everyone can see the vertical integration possibilities presented by a fine men's and woman's clothing and accessory retailer's alliance with the most prestigious investment bank in the world. But that's why, "Bulging Bracket," you're in equities in Dallas.

This feature is for readers in the prestigious investment banking world. Perhaps you might find something more interesting on USA Today's website at http://www.usatoday.com/

They have "up to date" coverage of the DOW, NASDECK and SAP 500 indexes right on the front page in easy to understand format with lots of color charts, so maybe that's a better bet?

8

Posted by eddy , Jun 21, 2006 9:28PM

So you're in the room talking deal with yr all-male deal team on one side of the table and the counterparty all-male team on the other. You suddenly feel a hand on yr thigh and in the same instant you find yourself priapically rigid.

Does this mean you're gay?

(On behalf of a friend, not me, OK).

9

Posted by j , Jun 22, 2006 10:06AM

yes it does

10

Posted by Muffie Benson-Perella , Jun 22, 2006 11:05AM

So you're in the room talking deal with yr all-male deal team on one side of the table and the counterparty all-male team on the other. You suddenly feel a hand on yr thigh and in the same instant you find yourself priapically rigid.

Does this mean you're gay?

(On behalf of a friend, not me, OK).

Was there a signet ring on the pinky of the hand on your thigh?

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