How Useful is a JPM VP Referral

Have heard that JPM is apparently an anti-networking firm. Not sure how true that is. But after speaking with a VP he sent me a referral to apply and I got that email saying I was referred. Obviously, I'm super thankful for this, but how useful is this? I would imagine that it should at least get me a first round interview (assuming there is an interview after the hirevue but before the superday), right? I'm just wondering what my expectations should be lol? This is for IB btw and I'll be doing my hirevue tonight most likely. 

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