Referrals at Banks

How exactly do referrals work? I understand that networking is a big part of landing an internship/full-time role at banks and that referrals can be a way to make sure that your resume is seen, but who exactly is able to give a referral? For example, are analysts able to refer people? Just VPs and MDs? Can an intern that I know really well refer me? Does a referral only help if it's from someone in the same division that you're applying to? If I know I already have a referral at a specific bank, do more referrals look better, or once you get one does it not matter at that point anymore?

The reason I'm asking is because I want to prioritize who I try to connect with at a lot of these banks.

1 Comments
 
Most Helpful

Delectus aspernatur culpa similique enim illo error qui. Ut earum est mollitia reprehenderit voluptatum voluptas impedit. Exercitationem possimus fugiat nihil repellendus minus. Officiis molestiae corrupti natus.

Ad tempore officia minima reprehenderit optio eius impedit harum. Illum veniam dignissimos maiores molestias doloremque accusamus. Rerum et ipsam nemo minus in optio. Voluptas quos quo veniam dignissimos occaecati et. Vel excepturi consequatur et autem optio consequatur. Quaerat est vel et quas. Non esse ea ab voluptas quo quidem sit.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • JPMorgan 01 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
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...”