Referrals in UK vs USA

As far as I am aware, the referral system is not only significantly more common in the US vs UK but also a lot more impactful/important to a successful application.

I was curious to know whether they can still be useful in Ldn BBs/EBs. I am not referring to a simple referral from a coffee chat (which is what previous threads have been in relation to) but rather from someone you know well at the Assoc level to join as an analyst. Does anyone have any colour on this from experience or witnessing it?

2 Comments
 
Most Helpful

Let's be clear here.

Most discussion on networking on this site pertains to recruiting for summer internships. Referrals/networking is not a big thing in this case. 

When you get to full time, doesn't matter what country you're in, networking matters. Many people get jobs through "I know X who told me Y was looking for Z role and threw my hat in the ring". Obviously you still need to be competent and whatever but "who you know" is ALWAYS relevant for FT recruiting. At BB/EB or otherwise.

And to be clear I'm not saying either that people who don't know someone on the inside won't get any looks or that getting a referral gets you fast tracked (it probably won't especially be someone as junior as Associate) but there's definitely a lot of rooms you don't get to be in if you don't happen to know someone who happened to know someone who happened to be looking for a certain candidate. 

 

Eos ut dolor reiciendis impedit nostrum. Quo eos modi veniam qui harum quaerat dolorem. Beatae voluptatem ullam impedit dolorem voluptas sed sint veritatis. Dolorem voluptatem voluptas eius maiores.

Modi omnis molestiae dicta sapiente et. Et quia eligendi est debitis molestiae.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”