How does a referral work?

Hi guys, hope everyone is doing well! Just was wondering for SA programs, how do referrals work? Do they explicitly tell you that they’ll push your resume or move on with you? Or, do they not explicitly tell you but still vouch for you where you can get an interview? Heard many mixed thoughts, please let me know!

8 Comments
 

So honestly you just have to cast a wide net and hopefully you get first rounds? Do they normally all hop on a call and go through resumes and if people like you they will vouch for you? But obviously the more senior, the more pull so it’s better to talk to vp, director, md right? Also, how many calls do you think you should do bare minimum to get atleast 5 first rounds?

 

Unfortunately the answer to all your questions is that it depends. My shop just has a sheet where ppl put their ratings for each chat and we just pull the top kids based on average ratings when interviews come out

 

Wow i see, I’ve heard that some banks do that. Do you have any tips to make someone stand out in a coffee chat? Heard it’s best to be personable and to ask good questions, but sometimes when the banker just doesn’t seem enthusiastic it feels like i’m interviewing them. I always feel like i have better calls with analysts since they’re closer to my age compared to associates/vp’s

 

This is my general go to normally which is to break the ice such as like how your weekend was or any plans for the weekend, then going straight into my tmay and then ask them to give a background and their path to the firm. After I just ask my questions that I had and that’s about it. But, you’re saying that for each question I ask, after I should provide some input like I really relate to that…. And so that brings me to my next question. Kind of like that?

Did you see any past kids do something very well or help stand out for their coffee chats compared to the rest? Anything would be appreciated!

 
Most Helpful

I mean when you talk to your friends you don’t just rapid fire questions to them each time they finish talking right. Like obviously you want the bankers to do most of the talking but give us some room to breathe. Also in terms of chats we have optimized everything. The only thing you get from us is a rating. Potentially you might get a warm intro so the n of your ratings is higher but no one below MD has the power to just say “must interview”. This is how it works for us everyone else is different 

 

Fugiat veritatis voluptatum illo cupiditate. Aut quia aut eaque itaque. Nemo beatae reiciendis est alias enim dolor repellat. Eos qui qui et atque consequatur. Assumenda labore ipsam provident vitae non. Inventore non adipisci quidem rem quo nobis.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”