I've gotta be honest, I kinda regret ranking the Mayo Clinic so low on my rank list for residencies (I did so because although I tend to like moderately cold weather, I could never stand the Rochester, MN winters). They wear suits all day everyday, and it would've at least given me an excuse for making a few more big suit purchases. It's nice when you're basically required to step up your game (although I imagine just because they're donning a suit there it doesn't mean they're doing it correctly).
But, since I'll be headed to a program that dresses about the same as any other program (slacks, button-up shirt, +/- tie, white coat), guess I'm out of luck.
Where do you guys fall on the "no tie if you don't have a jacket" issue? I'm usually a pretty big proponent of that, although I've never been quite sure what to make of it when you add the white coat. I'm obviously not gonna wear a blazer in clinic (let alone a suit), but residents at my future derm program do usually wear their white coats on a regular basis. I wore a tie all the time during 3rd year and during Derm rotations/aways 4th year, mostly because I figured it was "expected" of me, and not doing so might somehow come off "disrespectful." That said, I spent the rest of 4th year sans tie (and sans white coat), and as a TY intern this year I usually go slacks, oxford button-down, and white coat with no tie.
Anyway, for suits I have a DKNY and CK one that were fairly cheap (~$350-450 IIRC), and then got them tailored to perfection. I'm also pretty big into bodybuiling and my physique changes a bit from time to time depending on the amount of time I have to lift, so I didn't want to drop $2k on a suit that might not fit me a year from now. I do tend to put more money into buying nice shoes (well, nice for me....right now I tend to stick mostly with AEs, haven't made the jump to Alden or C&J or anything beyond). To me, a great pair of shoes with moderately inexpensive but well-tailored clothing is the best balance right now.
I've gotten some good mileage out of my two suits lately for friends' weddings. I don't really see me buying any more suits in the near future, since I'm currently in the market for a tuxedo for my wedding.