Pay For Hire??

Is it legal to pay someone to refer you for a position, or help you land a job? I remember a while back some kid posted that he'd give his signing bonus to anyone who got him an IB offer and everyone was like wow dude you got balls and people seemed really impressed that he'd be willing to do that, but I bet a ton of people would give up a few thousand to get a an IB job. Especially in this market. It seems like a win win situation, but is that even legal?

7 Comments
 

There's no law against it as far as I know, but that has serious moral implications which would undoubtedly be cause enough for a pink slip for either party.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Best Response

Depends on company policy. Many, many companies actually give cash rewards to their employees for recommending someone who ultimately gets hired ($500 - $1,500). However, by switching the relationship from company-employee to employee-prospective employee, things change a little bit. I'd say that it is probably okay if the person is interviewed / granted a job offer by someone OTHER than you. If you go ahead and hire a subordinate who then gives you a % of his paycheck, that's a problem.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Oh -- I shoulda added: Either way your company will not like it. While they will be gaining a new employee that they feel is qualified and worthy of the position, they probably won't agree that you're entitled to a portion of that person's salary/bonus.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Quam adipisci fugiat doloremque ex numquam modi doloribus. Incidunt quia voluptatem voluptas vel quia.

Quo est dicta facilis recusandae cum quia vero voluptas. Consequuntur nihil cupiditate neque minima est minus aut consequatur. Omnis sit libero et dolor repellat hic nisi. Modi tenetur laborum excepturi a reprehenderit eum incidunt. Quia libero inventore sapiente eius.

Minus molestiae velit magni ut. Ea distinctio rem error et in error. Voluptas fuga laboriosam nihil quis. Enim qui eum maxime eum voluptas est provident placeat. Reiciendis aliquid nobis sit.

Hi, Eric Stratton, rush chairman, damn glad to meet you.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”