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University graduates to get a job as an investment banker in London could disappointed if they brown shoes to their job interview. A new report how the investment banking industry in the UK centuries-old, unwritten rules about how bankers should themselves. The study was by the British government's Social Mobility Commission. Researchers at how the industry selected people in job interviews. They that the industry was governed by "relatively opaque" codes of conduct. They wrote: "For men, the wearing of brown shoes with a business suit is generally unacceptable…within investment banking."

The survey that people from working class backgrounds had to their behaviour to in with bankers who were from middle and upper classes. One newly-appointed banker said: "I like my accent was a bit out of place, so I it." The study also said the industry discriminated against those who did not to elite universities. The Commission's chairman said: "Bright, working-class kids are systematically locked out of top jobs in investment banking because they did not a small handful of elite universities." He added: "It is shocking…that some investment bank managers still candidates on whether they brown shoes with a suit, rather than on their skills and potential."