Wall Streeters drink. It’s just a fact.
They drink to entertain clients, they drink to entertain themselves (when they have time), and they drink because it’s tradition.
Wall Street lore has it that before Goldman Sachs went public, its London office had a cellar filled with cases of wine — one for each and every child born to a partner.
But that’s just lore.
What’s real is that there are rules to drinking like a Wall Streeter. Like any group, they have ideas about the way things should be done, and, more importantly, how they should be drank.
If you're with a bunch of traders, don't be surprised if they're all drinking something simple, like warm Jameson -- no rocks, no water. Very manly, of course.
This harkens to way-back-in-the-day when traders were back-office, blue-collar types. Don't be surprised if you catch a bunch of them going back to their roots.
Everyone knows you've probably been drinking, whether it's for work or entertaining clients. If you're really in bad shape, explain that. Sit the first round out and order a club soda with lime.
For the most part, Wall Streeters drink liquor and they don't like it messed with too much.
If that's not your thing, go for a splash of soda. Think Grey Goose and lime with a splash of soda, Johnnie Walker Black with a splash of soda ... you get the picture.
When someone asks you what you want to drink you should not stutter. Period.
Be decisive and know your brand. Don't just say gin -- there are lots of gins, and you should know which one you like.
If you don't know what you want, you're going to look like a newbie. No one likes newbies.
London's Wall Street is known as 'The City,' and in 'The City' they celebrate with champagne. Plan accordingly and drink a ton of water; champagne hangovers are like punishment directly from the hand of whatever God you may believe in.
They also drink Ports and Brandys more often than we do stateside. I can't explain it; I'm not British.
If you've done everything you can to learn how to hold your liquor -- you've gone to scotch classes, wine tastings, practiced at brunch ... and you still can't?
Do yourself a favour and don't. Bankers are expected to come to work the next day, regardless of the night before.
And if you did something stupid, people will be talking about it.
Better to avoid the situation all together.