How Helpful is an Employee Referral?

Question

I understand having a referral is helpful towards receiving an interview. Does anyone have a statistic based on the percentage of applicants that have an employee referral and therefore receive an interview? Does a referral guarantee an interview? I know the higher the position of the employee, the more effective it is. I would like to know how much of a difference an employee referral makes towards your application?

HighlyClevered · Accepted Answer

Oh my. No.

TheBigBambino · Answer

There are four meaningful factors that immediately come into mind when thinking about the conversion from referral to interview:
1) How much the employee wants to actually put their neck on the line referring you (aka do they add you resume to the stack or do they really advocate for you and talk with the VP/Principle in charge of recruiting)
2) How much that employee is actually liked/respected by those in charge of hiring
3) Your resume and inherent biases of the hiring manager
4) Whether the team is actually focusing on hiring or not - may just be thinking about it but not yet fully engagin

CisSiberianOrchestra · Answer

With a BB sophomore internship on my resume I couldn't get past an auto resume screen for EBs and another BB. I got that from multiple employees vouching for me.

With solid employee referrals I got 4 of 4 first round interviews at banks I applied for for my junior year internships. Went on to a superday for 3 of 4 and received an offer at each superday.

Very anecdotal, but referrals can at least get your foot in the door.

euroquaker · Answer

123

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1	redever	99.2
2	BankonBanking	99.0
3	kanon	99.0
4	Secyh62	99.0
5	DrApeman	98.9
6	GameTheory	98.9
7	CompBanker	98.9
8	Betsy Massar	98.9
9	dosk17	98.9
10	Linda Abraham	98.8

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How Helpful is an Employee Referral?

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How Helpful is an Employee Referral?

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