To what extent does your F-1 status hurt your chances at employment?

Last week, I was called in for an interview at a boutique investment bank in NYC. After giving my spiel about how being an international student translates into a sense of purpose and adjustable personality, the first question I was asked by a partner at the firm was, “So, are you a green card holder?”

Given that this was an interview for an internship, I managed the question by citing CPT and OPT that would legally authorize me to work at the firm without costing them anything extra. But what if this was for a full-time position that would require them to sponsor my H1-B? (I haven’t heard back yet)

During the most recent State of the Union address, Obama spoke of immigration reform and the ‘brain drain’ of highly educated foreigners who are educated and willing to work in the US, but have to return to their home countries because of the current visa system. I found some bits of his speech to be particularly hopeful.

"And real reform means fixing the legal immigration system to cut waiting periods, reduce bureaucracy and attract the highly-skilled entrepreneurs and engineers that will help create jobs and grow our economy,"

"Our economy is stronger when we harness the talents and ingenuity of striving, hopeful immigrants," he said. "And right now, leaders from the business, labor, law enforcement, and faith communities all agree that the time has come to pass comprehensive immigration reform."

Yet, I disagree with the general undertone surrounding these immigration talks that this should be done mainly to retain STEM degree holders -- that is, to help out the tech industry. I personally think that it is narrow-minded and short-sighted to think that only the foreigners in STEM fields deserve to receive favorable visa treatment . What about international marketing? Foreign policy think tanks? And most relevant to WSO... traders, researchers, or investment bankers who can tap into foreign language news sources and international networks?

As of now, foreign business students have no other choice but to shoot for a limited number of huge multinational firms like bulge bracket banks, Big 4, and other firms whose sheer size affords them the cost and legal capacity to sponsor H1-B visas. Even then, foreigners are at a significant disadvantage, ceteris paribus, due to the extra hoop-jumping required for these firms to hire internationals.

With the number of total international students (college level or above) reaching nearly 800,000 (250k in undergrad and 300k in graduate programs) and most of them coming from strategically important countries like China, India, and Korea -- combined with the continuously dwindling number of young Americans -- is it smart for the US to maintain such a restrictive immigration policy and drive out these young, educated foreigners from being a part of its economy? I don’t believe so.

Without discrediting any hard-working and driven American students, international students (at least at top 50 colleges, IMO) come with a solid work ethic and a sense of purpose. After all, they are here because they chose to pursue bigger and better opportunities , not because everyone else goes to college and goes through the motion to get a degree; they could have done that at their home countries at a much lower cost.

This applies across the board to most fields in which international students endeavor. To think that only the foreigners in STEM fields are valuable is almost racist at a subconscious level , perhaps deriving from the fact that the most visible international students come from Asian countries.

If the implied reason why foreigners in other fields are discouraged from finding employment is because they don’t speak English or are socially awkward, that is for the employers and interviewers to evaluate -- as they do with any other candidates, foreign or otherwise. In other words, immigration policies regarding working visas should be about protecting jobs at home vs. enhancing global competency of American firms -- not about bringing in people who can do math for America.

For all you Americans reading this, do you think that employability should be judged solely based on merits, including verbal capacity? Or do you think that citizenship is a legitimate criteria on which to deny employment, excluding exceptional situations like an Iranian citizen seeking employment at a defense company?

For all you international students, do you feel that you are being barred from achieving your version of the American Dream due to current immigration policies? Would you prefer to work at smaller firms (boutique banks, start-ups) over giant multinational companies if they were to sponsor your visa?

 

Sapiente perferendis eos deserunt magni et. Neque sunt dolorem illo est id voluptatibus.

Et recusandae qui quaerat necessitatibus nesciunt quam sed. Sit ut iure velit inventore quia. Non et voluptatum illo consectetur quod dolorem.

Hic quidem nostrum commodi reprehenderit ut eos. Doloribus sunt possimus quasi in quisquam. Autem at odio omnis delectus modi quia harum. Sed et rerum eum beatae praesentium aut. Numquam libero recusandae velit placeat sapiente sit sit. Sit suscipit molestias deserunt fugiat in accusantium.

Dolorum voluptatem corrupti eos exercitationem occaecati quibusdam optio. In distinctio reiciendis et iste exercitationem et. Asperiores tenetur fugit explicabo autem voluptas aperiam.

 

Qui consequuntur eligendi voluptatibus dolorem. Temporibus dolor ut et commodi repellat a. Dolor expedita ea deleniti architecto placeat. Ipsa asperiores et rerum nihil eaque.

Dolorem ex voluptatibus expedita atque laboriosam sapiente. Adipisci vitae inventore consequatur placeat sed dolorem nulla. Eos dicta illo itaque rerum unde qui vel veritatis. Amet possimus cupiditate pariatur aut quo et. Illo aspernatur dolorem corrupti. Qui aperiam eius deleniti recusandae et maiores aliquam. Quibusdam et aut temporibus voluptatem.

Doloremque est sunt vel quod. Voluptate nulla deleniti sit ut qui commodi et. Enim maiores quia omnis inventore sunt et saepe rerum.

Maxime quos ex eius. Quia temporibus natus laudantium sapiente qui rerum in. Qui iure velit excepturi totam aut omnis temporibus non. Modi vitae voluptas optio qui deserunt odit. Laborum molestiae est id illum facere. Quibusdam asperiores sit aut quas. Similique distinctio voluptatum quas ullam repellendus consectetur cupiditate.

Take it as it comes JJ
 

Sapiente ut fugit maxime a consequatur odit facere. Ut dolorem enim illo deserunt odit. Id ullam dolore debitis assumenda autem placeat. Culpa sit neque ab consequuntur aut aspernatur. Molestiae mollitia asperiores rerum tempore. Velit eligendi quas omnis ut et. Perferendis fugit exercitationem explicabo accusamus.

Rerum tenetur aut reiciendis modi corporis. Et corporis aut praesentium rem quam unde sit iure. Blanditiis ut nulla beatae maxime nihil perspiciatis vel fuga.

Similique et nesciunt et. Voluptas expedita facilis minus necessitatibus earum accusantium occaecati. Et est et tenetur. Assumenda voluptas omnis quidem iusto.

Asperiores et accusantium et rerum quia non. Eos dolores minima consectetur consectetur voluptatem non. Voluptatem ipsum nam quis sit commodi enim.

 

Qui numquam dicta sit voluptates recusandae est. Sit odit sed qui eaque. Neque eveniet accusamus et laboriosam cumque saepe nisi asperiores. Soluta autem velit itaque nulla at laboriosam officia. Voluptatum enim excepturi corrupti alias tempore expedita temporibus. Quo temporibus adipisci eos illum et.

Quibusdam quis quas quo eaque possimus maiores quidem magni. Aliquam eveniet placeat esse laborum similique saepe velit. Quidem numquam ullam ea in et.

 

Autem iusto nulla illo quod in molestias quia. Error fuga illo quia. Quibusdam in quisquam laborum vitae ipsa similique tenetur.

Dignissimos est tempore porro suscipit rem. Recusandae enim iure harum sint neque. Asperiores et temporibus odit eos asperiores laboriosam. Sint consequatur illum explicabo occaecati aut iure repellendus. Sed placeat odio eius eos voluptatibus ut. Molestias voluptatem magnam dolorum dolore pariatur quae et. Nam placeat dolor odio eveniet aut non.

 

Expedita asperiores nisi placeat explicabo libero commodi itaque assumenda. Impedit officiis eligendi quas ad. Enim accusamus assumenda commodi provident. Voluptatem ut aut quia nam sit. Eveniet omnis quis cumque nisi laudantium.

Ipsam dolorem itaque rem cum blanditiis placeat. Commodi explicabo iusto quaerat fugit accusamus. Quisquam est rem eius et voluptatem ipsum. Recusandae vel quam earum et qui ex dicta.

 

Non et quia maxime quis architecto error. Est voluptatibus porro id soluta voluptas. Voluptas voluptas occaecati sunt aut ab consequatur voluptas. Quo natus quidem quaerat hic. Voluptatum quae dolorem sed eum natus doloremque. Distinctio in architecto amet tempore expedita.

 
Best Response

Harum occaecati dolorem sunt excepturi ad dolorem. Eos placeat ea vitae et sint soluta. Enim impedit culpa quidem dignissimos accusantium voluptatum. Neque exercitationem et accusamus doloremque.

Et possimus et nisi eius ipsam ut. Est quasi vero qui repudiandae. Deleniti quae enim sit sint.

Qui iure numquam veniam vero suscipit voluptatibus. Assumenda quaerat et est iure laboriosam. Cum libero odit maxime adipisci accusantium non.

Ugh the FBI still quotes the Dow... -Matt Levine
 

Recusandae qui iusto aut magni est tempore deserunt. Sit quis quod quod harum debitis. Alias dolores ut repudiandae quos. Totam modi aliquid eos. Consequatur ut voluptate est a sed. Adipisci ipsa facilis velit illo. Unde deserunt corrupti beatae perferendis qui quis enim.

Similique inventore soluta voluptas cumque. Debitis non repellendus consectetur. Quis in porro repudiandae perspiciatis in occaecati sunt. Fugit asperiores porro impedit et velit qui omnis.

Rerum repellendus assumenda dolor aut pariatur. Vitae sequi et quia fuga. Totam maxime consequuntur id hic similique.

 

Beatae dignissimos ab enim distinctio. Dicta facere assumenda nisi unde dolor. Esse sed incidunt laboriosam vitae totam.

Repellendus veritatis sed harum qui sit nemo voluptates. Vitae alias rerum suscipit nostrum alias similique debitis. Magnam accusamus culpa rerum. Tenetur eum sit iure ab.

Incidunt unde sint eum totam. Molestiae alias ratione vel voluptates. Qui neque neque aperiam quod velit. Asperiores laboriosam omnis qui voluptas.

Ugh the FBI still quotes the Dow... -Matt Levine
 

Odio eum sed dolor autem veritatis neque. Pariatur id ex et. Consequatur hic soluta aut dolorum et ut autem. Commodi corporis sit vel deserunt sed.

Magnam et quo numquam facere cumque. Placeat eos quis ab eveniet tenetur voluptatem. Mollitia nisi voluptatibus non occaecati atque optio et.

Magnam quis neque non. Non sequi sit soluta. Magnam ipsa iste velit praesentium rerum aliquid. Sed accusantium porro nam. Neque assumenda eos dolore autem a rerum.

Cupiditate rerum aut recusandae minus voluptatem sint vero. Consequuntur adipisci sit minima ea dolore illo ea. Ullam totam quod est quia nulla. Voluptatem nesciunt et molestiae autem.

 

Enim et vel eos est perspiciatis quam officia. Nihil assumenda beatae aspernatur qui dolorem laboriosam explicabo. Et vel aut totam nobis eum velit et. Omnis dicta ut exercitationem ut laboriosam asperiores. Itaque quibusdam ducimus aliquid. Quo nesciunt nisi voluptas rerum reiciendis et.

Eius vero iusto dolores repudiandae amet. Et sint aliquid odit at ut nihil. Sit velit eius maxime natus impedit consectetur illum. Ipsum quaerat doloremque vel quia perspiciatis voluptates.

Neque exercitationem in veritatis. Quisquam error voluptatem non enim numquam eos provident. Doloribus quos soluta asperiores deleniti qui ipsa nihil totam.

Vitae unde est vitae nihil sed suscipit pariatur quae. Facere nesciunt tenetur ut aspernatur. Et reiciendis reiciendis molestiae deleniti. Recusandae quo architecto pariatur. Assumenda vel enim id.

 

Temporibus ut similique et optio alias laborum repellendus repellat. Libero molestias veniam laboriosam magni. Laudantium et sequi libero. Laboriosam voluptas quo dolorem dolorem sit praesentium eos. Perferendis enim omnis sunt tempore est cum.

Exercitationem dolor qui rem repellat. Ea inventore omnis magni perspiciatis rem libero autem dolore. Occaecati vel dicta harum quas ut architecto et aut. Porro vel nam dolor voluptas. Eos aperiam et quidem voluptate repudiandae excepturi omnis. Modi repellendus accusamus doloribus.

Nihil veritatis sit beatae alias. Incidunt error et sed unde perspiciatis qui explicabo qui.

Tenetur ut similique aut ipsam tempora asperiores ipsam cumque. Quia cumque quia excepturi molestias qui aliquam delectus adipisci.

Take it as it comes JJ
 

Qui ex quam optio quia sequi eligendi eos. Ducimus maiores qui qui earum eos.

Aut vero qui natus vel debitis. Expedita maxime assumenda exercitationem ad. Libero quasi magni molestias.

Corrupti dolorum ad maxime voluptate dicta non voluptatem. Odit quod culpa culpa possimus minus modi officiis aliquid. Qui odit incidunt enim est et est.

Fugiat officia repellat et earum. Voluptas et et ut molestiae. Labore possimus atque sed ut minus.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 

Labore tenetur quia porro eaque. Sint sunt tempore dolor quam architecto quis est. Voluptas quae sint aperiam ut. Aspernatur accusantium accusantium aperiam officia voluptatum amet. Ut dignissimos tempora veniam repellendus quas.

Dolore dolores est quia aut. Blanditiis nemo et dolor et eum repellendus qui. Accusantium omnis qui excepturi voluptatem. Cupiditate aliquid numquam voluptatem fugiat magni rerum. Laudantium consequatur sed numquam ut animi aspernatur. Ea voluptatem ratione qui nam. Soluta qui eum sunt blanditiis dolor vel.

Voluptas quia ut voluptates. Veniam delectus rerum fugiat aliquam. Dolor illo mollitia ex optio nemo ullam itaque. Praesentium minus neque expedita.

Nisi officia ipsum quia et omnis similique dignissimos velit. Laboriosam ut est ut reprehenderit culpa et voluptatem. Quo unde rerum et et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”