3/5/10

I'm looking to start a 1-yr masters program this summer, and I'm thinking of starting to reach out to alums in IBD. I'm an international student, so I'll need H1B sponsorship. I understand that the banks that received TARP money have major hurdles towards hiring foreign students, but if the money is paid back, do the restrictions still apply?

I'd be interested to know which banks are still hiring H1B workers.

Comments (61)

3/5/10

All BBs should not have problem hiring intl' students.

I am an international master student, I interviewed with all BBs in US, I guess they would not be interested in me if they cannot sponsor H1B.

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3/5/10

Now that they paid back TARP this should no longer be an issue

3/5/10
3/9/10

I don't know about now, but back in 2008, the only banks that would hire foreign students were Citi and Barclays

Before TARP, banks were already cutting back with the H1B visa cut-backs. Merrill Lynch and JP Morgan would not even give you an interview if they knew you were foreign.

MM banks have never had problems hiring international (Laz/BX/HL/ etc..)

3/11/10

To the best of my knowledge, most banks currently hire H1B. Heres are the ones that don't

-Blackstone does not sponsor H1Bs for US positions (surprising given its scale)
-RBS
-Piper Jaffray
-Wells FArgo
-RBC
-BNY Mellon
-Raymond JAmes
-Sun Trust
-Union Bank Cali
-M&T
-Cap One
-BMO CM
-Lazard MM
-Stifel Nicolaus
-KeyBank
-PNC

PM me of you need more info

3/11/10

In general, Goldman Sachs and Credit Suisse are known to be very generous with sponsoring internationals. They will take the best talent regardless of where there are from. Despite what they say, other firms are much more stringent with H1Bs. This is both pre- and post- TARP.

3/11/10

macro while you are right that goldman and cs sponsor H1bs, there is no thing such as generosity....if you are good enough, they will hire you and work out your H1B, but the same thing applies to most other banks as well. I am sure JPM doesnt go into recruiting thinking we are only going to hire 30 of the best H1Bs ... once you get the offer, only then do all the big banks (i wont say BBs only) start working around your work status

3/11/10

Of course the term "generosity" is meant in comparison with the other banks. Although I know nothing of their internal policies, several of my international friends were told by most of the banks that their immigration status would be an issue, whereas GS and CS told them to not sweat it. One of them was actually given an offer by JPMorgan, which was later rescinded when they found out that she was not a citizen. Another was told during the interview process with several banks that it would be difficult for them to get an offer. Guess where they are working now?

3/12/10
In reply to abhijitnd1
9/14/10
abhijit:

Does Citi sponsors H1B?

bump

9/14/10

I know for a fact that Citi and Barcap will sponsor H1-Bs for the next analyst class (starting summer '11)
PM with questions.

2/10/11

i heard that new law will be announced in Feb 2011 on H1b hire in Citi? does anyone has any !dea on this?

In reply to feenans
2/10/11
feenans:

I know for a fact that Citi and Barcap will sponsor H1-Bs for the next analyst class (starting summer '11)
PM with questions.

Sorry that was by mistake, i am new to this site... as curiosity i pressed that shit icon without reading tool tip, apologies. it wasn't intentional.

2/10/11
In reply to Mike_C
2/10/11
Mike_C:
feenans:

I know for a fact that Citi and Barcap will sponsor H1-Bs for the next analyst class (starting summer '11)
PM with questions.

Sorry that was by mistake, i am new to this site... as curiosity i pressed that shit icon without reading tool tip, apologies. it wasn't intentional.

Better pay me back with a silver banana man!
Anyways what's happening with Citi in february? Where did you hear that?

2/11/11
3/3/11

I heard sponsorship will be back to the norm by 2013. Don't quote me on this, just a saying.

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3/3/11

Are there banks in other countries?

6/20/13

Hi Guys.

I am into banking sector from last 4 years and working as a Credit Analyst with State Bank of India. I am here in USA on H4 as my wife is working on H1b. Can anyone help me out as to how can i get my H4 converted to H1B. I am really looking forward for your help as currently i am totally lost as to how to proceed.
Thanks

8/20/14

Does UBS sponsor h1b? and is it only IBD or will wealth management positions such as financial advisor or client service associate sponsor as well?

I wish i could shove my dick so far up your dick that it creates a gaping vagina, because that's who you are.
Just tell them that you're a ginormous douche-canoe with a gaping vagina. They'll understand.

8/20/14

UBS does sponsor, only for IBD (advisory, ecm, dcm) though.

Nothing is true; everything is permitted.

In reply to Ackerman
9/4/14
In reply to Jbutts9
11/2/14

Citi and MS both have sponsorship man

6/7/15

Hi All
Just wanted to know what is the best way to approach for getting a H1-B sponsorship for a corporate banking/wealth management kind of a profile?
My wife is currently on H4 and has 4 years of experience in corporate banking & wealth management.
What are the banks that can be approached that have a sponsorship or are their any third parties that help in doing so?

Thanks in Advance !

In reply to Kunal-handa
2/29/16

Hii Kunal,
Can we talk ?
I am also from same background

In reply to excel_monkey
2/29/16
excel_monkey:

To the best of my knowledge, most banks currently hire H1B. Heres are the ones that don't-Blackstone does not sponsor H1Bs for US positions (surprising given its scale)-RBS-Piper Jaffray-Wells Fargo-RBC-BNY Mellon-Raymond James-Sun Trust-Union Bank Cali-M&T-Cap One-BMO CM-Lazard MM-Stifel Nicolaus-KeyBank-PNCPM me of you need more info

I disagree if by "Cap One" you mean "CapitalOne". They do have H1B's. Just go on visadoor.com and check employer names for accurate Dept. of Labor filings and proof of these banks listed and others sponsor or not.

In reply to Ackerman
  • Anonymous Monkey
  •  3/1/16

I know this was years ago but im interested to know if you ever did get sponsored for a h1b and if you had any prior work experience to masters. thank you

3/8/16
3/9/16

Does anyone happen to have an updated list by any chance?

3/9/16

Download the Dept. of Labor database, they publish it for each year, and import it into Excel or SQL, and then filter by industry codes for finance or whatever else you're looking for. That's the most accurate and latest way I'd suggest.

In reply to wallstreet246
3/13/16
In reply to excel_monkey
3/17/16
3/17/16

Well, if you stay on an H-1B and don't get an MBA, you can apply for a green card after 6 years I'm guessing, as long as the PE firm you're at is willing to sponsor you for it. If you go back for an MBA, I think the whole process starts again i.e. OPT->H-1B->Green Card.

3/17/16

how many non megacap PE firms are there who would even sponsor you?

3/17/16
In reply to asianmonkey
3/17/16
asianmonkey:

how many non megacap PE firms are there who would even sponsor you?

Once you obtain the H-1B, transferring it is not a problem from what I've heard, takes about 2-3 weeks. Most firms are wary of applying for the Visa, not so much transferring it. There are of course some firms that will be reluctant to sponsor you, but most shouldn't have a problem if your credentials are good.

3/17/16

OMG it takes 6 years + for them to get a green card?
No wonder my fellow Ladhi'r Iklam wanted to get married so bad.

3/17/16

You will have to go through the entire process again as if you were just out of undergrad. I am an F-1 student too, and I am getting my H1B Visa sponsored this April. I plan to work for 6 years: 2 or 3 IB, and 3 PE (hopefully) and apply for a green card. In my case, I got traumatized this past recruiting season by the fear of not getting a job and having to go back home, so I'll pass on being an F-1 again. At this point, I rather have the security of knowing that I am legally able to work until I get my papers in order. After that, I might consider getting an MBA, if necessary. You could take the chances with the MBA and get a job and apply again with H1B....with good credentials, more than likely you'll have no problems getting sponsored again.

3/17/16

Apparently, one can't apply for H1 without a graduation certificate (which most students don't get till May/June). So do most International analysts work using OPT for year 1 (unless slots are still available that late). Does anyone have any idea of how this affects taxes?

In reply to LTV
3/17/16
unqwertyfied:

Apparently, one can't apply for H1 without a graduation certificate (which most students don't get till May/June). So do most International analysts work using OPT for year 1 (unless slots are still available that late). Does anyone have any idea of how this affects taxes?

Yes, OPT for year 1. You don't pay federal taxes until you get your H-1B.

In reply to SAC
3/17/16

BBs do not accept OPT for year 1. You do have to pay federal taxes.

In reply to aptbc
3/17/16
agtms:

BBs do not accept OPT for year 1.

Are you sure about that? I was told that if no slots are available this year in May/June, they'll apply April 1 next year. Surely they're not going to defer my joining date by 1 year on that account.

3/17/16

im confused....if they dont have opt, how do these people work at BBs their first year?

In reply to excel_monkey
3/17/16
excel_monkey:

im confused....if they dont have opt, how do these people work at BBs their first year?

You have to work on an H1B.

In reply to LTV
3/17/16
unqwertyfied:

Apparently, one can't apply for H1 without a graduation certificate (which most students don't get till May/June). So do most International analysts work using OPT for year 1 (unless slots are still available that late). Does anyone have any idea of how this affects taxes?

This topic was discussed extensively last year given the fragile market and massive layoffs. Run a search.

3/17/16

majority of the BBs, the big 4 accounting firms, McK and big prop shops (Citadel, drw etc)
Bain did not sponsor in 2010, not sure about now.

3/17/16
3/17/16
3/17/16
3/17/16

thanks folks. Is now the time to apply if I'm sort of an experienced hire (two years work experience)? or should I wait till September when they start regular recruiting season?

3/17/16

Some small tech consulting firm/start ups

3/17/16
3/17/16

ar169:

I am not a citizen of the US and I really dont how to find out what firms sponsor H1bs and what dont?

Any ideas on how to find out?

A forum search would have sufficed.

Anw here's the link: http://www.wallstreetoasis.com/forums/list-of-us-companies-sponsoring-h1b-visa

Nothing is true; everything is permitted.

3/17/16

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3/17/16
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