IB Analyst Recommendation Letters

Some companies allow applicants to submit an optional recommendation letter in their IB summer analyst application. Does anyone know how much of a difference it makes to submit/not submit one (would it be an instant rejection if I didn't submit a recommendation and if I do need one, can it only be from a previous IB employer)?

Sorry if this has already been answered, I couldn't find it anywhere and am very new to the process. Thanks!!

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