Current sponsorship situation by HF/AM after an MBA
Hi,
I'm an analyst in an HF in an emerging market and I'm considering to apply for an MBA. The plan is to try and get an HF/AM job after graduation. I prefer the HF path, but since I understand it's very competitive I'll try to get into an AM as well.
I heard some horror stories about the current visa situation, and that is what my question is about - how hard how hard is it to get a HF/AM to sponsor you after the recent policy changes by the current administration?
Thanks!
For U.S. forget about it
Can you elaborate?
Thanks
PS. H1Bs are tough these days, we had to relocate people to London because they could not get it
I think that you do get one year, but the the thing is that some funds will not take the risk of you not getting the H1B so they just won’t hire an international in the first place.
I guess that you work in a larger fund which can relocate to London or some other places, but I’m wondering how many of the funds are like yours.
I’m trying to understand if I have a decent shot to get into this industry in the US or because of the visa situation this market is effectively closed for me.
Thanks!
It's honestly really hard, and unless you're extremely drawn to the US for some other reason, I'd recommend not coming here. I've been in the US for about 11 yrs now and am still waiting on a green card that won't be here for another 10 yrs min unless there's a drastic immigration policy change for the better under Trump (which is likely impossible).
As far as H-1Bs go, my firm as well as many others have basically made it unfortunately impossible to get sponsored. If you were to come here for an MBA, you're banking on 2 things: (1) You get an HF/AM job out of school without prior US experience (this is hard enough) and (2) your firm is large enough and open to sponsor (you'll have to work at a larger HF/AM for this). That limits the universe quite a bit.
If I were an investment analyst in an emerging market, I'd just try to hop funds if you're not happy or go to grad school in a country like Canada where the resident visas/sponsorships are a lot easier to come by vs the US.
Thanks for the thoughtful reply.
I'm drawn to the US because I believe that is the place where I'll have the opportunity to work with and learn from the best industry participants.
Do you think that the level in Canada or the UK for that matter is equivalent to the one that you have in the US?
It's a fair point, and that's why I'm still here (but slowly losing patience and faith in the process). To be honest, there are are some excellent value oriented investment firms outside the US which would be great spots to work at. Follow the folks at Manual of Ideas and google around - and you should be able to find several solid shops.
I'll also make this a bit more specific to clear it up further- if you're Indian or Chinese, you're pretty much fucked. Even if you do get the H-1B, getting a green card will take several years to get beyond that. What I've seen some of my friends do is go to Canada/Australia etc. i.e. other countries where it is easier to get a permanent residency and THEN move to the US. That's actually a quicker route towards getting the green card and then simply coming here directly.It's sad but it's true.
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