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I know at least one executive --- as in, is on the website --- of an east coast Fortune 50 bank with sleeves and a bushy beard.

I've worked in sales before (in the investment bank), and was chewed out for the 3 months I tried to grow out a beard.

I have no trouble believing the rules for sales are not the same as the rules for IS/IT.

They're probably more stringent as it's directly customer facing.

I'm sure they exist but by far that's the exception and not the norm.