Madison Avenue

Overview

Named after the New York City avenue that was once home to the world’s most powerful ad agencies, Madison Avenue is a catch-all term for the advertising industry. In other words, Madison Avenue is to advertising what Wall Street is to finance.

The phrase “Madison Avenue” was first used in reference to the advertising industry around 1923. By the late 1930s, roughly 37% of the American Association of Advertising Agencies' New York members had offices on the street, largely due to its proximity to their large corporate clients’ headquarters.

From three-martini lunches to office romances, the corporate culture on Madison Avenue was notorious for its debauchery—so much so that it inspired the popular TV drama “Mad Men.”

While many of the top advertising agencies (such as Ogilvy & Mather in 1989 and Young & Rubicam in 2013) have since moved their headquarters away from Madison Avenue for various reasons, the term is still used as a synonym for the ad industry today.

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