• Sharebar

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.

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Comments (24)

  • Ackerman's picture

    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.

  • themacroguy's picture

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

  • dyor's picture
  • goodmornin's picture

    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..)

  • macro's picture

    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.

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  • excel_monkey's picture

    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

  • macro's picture

    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 One of them was actually given an offer by JPMorgan, which was later rescinded when they found out that she was not a citizen.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?

  • feenans's picture

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

  • Mike_C's picture

    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
    Mike_C's picture

    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.

  • flashmind's picture

    Yea, does anyone know about Citi?

  • In reply to Mike_C
    feenans's picture

    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?

  • numm's picture

    Citi has always sponsored

  • chubbybunny's picture

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

  • Jose.Rey's picture

    Are there banks in other countries?

  • Kunal-handa's picture

    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

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