2025 SA - Visa Sponsorship - US Investment Banking

I'm starting this discussion based on jackd2’s post for 2024 SA - Visa Sponsorship - United States. I wanted to create a thread where people who need visa sponsorship can share information on 2025 SA recruiting.
In this post, I am adding a list of companies that I know are willing or unwilling to take in international students for 2025 summer analyst position based on the thread for 2024 SA discussions and my personal knowledge. This is based on my present knowledge, if you feel I am wrong about a certain company, please comment and mention so. Likewise, there are a lot of companies that I am unsure of regarding visa sponsorship policies - discussing whether they sponsor or not in the comments would definitely help. Please keep updating this thread and make it as informative as possible for everyone's benefit!


Bulge Brackets:

Sponsor:

  • GS
  • BofA
  • UBS
  • DB
  • MS - technically sponsors but they are extremely stingy about it. You pretty much need to be diversity/ top candidate/have strong personal connection to stand a chance.
  • Citi - sponsorship varies across offices. Not all offices sponsor. The offices that do sponsor are also quite stingy and often only sponsor diversity candidates.

Unsure: 

  • JPM - TN only, no H1B or J-1 visa
  • Barclays - Selective sponsorship

Elite Boutiques:

Sponsor:

  • EVR
  • LAZ 
  • MOE
  • PJT
  • Greenhill
  • CVP - sponsorship varies across offices. Certain offices sponsor case by case and you will be held to a higher standard if you need sponsorship.

Don't Sponsor:


Middle Market and Other Banks:

Sponsor:

  • JEF
  • Rothschild
  • HL - sponsorship policies vary across offices and groups. HL RX sponsors but other groups do not.
  • Wiliam Blair
  • RBC - sponsorship also depends on office and group
  • Mizuho
  • Nomura
  • TD Cowen
  • Baird
  • Oppenheimer 
  • Raine
  • LionTree
  • AGC Partners
  • Ducera
  • Raymond James - generally does not sponsor but if they really like you and if you have someone pulling for you, you might have a shot

Don't Sponsor:


Unsure:

 

afaik blair, mizuho, nomura are pretty sponsorship friendly

 

MS west coast offices sponsored last cycle. Also Qatalyst sponsored but don’t know if the guy was a dual citizen.

 

Adding my experience from the WC:

  • GS SF/LA sponsor
  • MS Menlo / SF / LA (not sure if they're taking interns anymore) do sponsor but on a very limited basis
  • Barclays SF generally don't sponsor. When I spoke to HR, they basically said that "it's very rare" which presumably is corporate speak for no.
  • CS (now UBS LA/SF) did sponsor
  • MOE/EVR/JEFF sponsor. Moelis is particularly friendly to internationals/canadians on the WC
  • PJT SF/NY do sponsor, but not as much as other EBs
  • Rothschild LA sponsors
  • GHL SF sponsors
  • Lazard SF sponsors, a little stingy though
  • Deutsche SF sponsors
  • BofA SF + Palo Alto Tech both sponsor
  • Citi SF didn't sponsor last year
 

Hello, I heard from mentors that NY and Chi offices also sponsor a lot across different banks—is this correct?

Also, do banks prefer interntionals from a target in their local area? I’m currently going to a target in Chicago, and was wondering if Chicago offices have more preferrence, or do they just not care?

Thank you!!

 

IMHO you should apply to any office/group as long as they don't straight up say in application that they do not sponsor (guggenheim, ft partners). Recruiting is so competitive that there is basically no loss in going through the process if it's unclear. I have intl friends who got offers at places that you say do not sponsor (pwp, jpm)

 

AFAIK Gugg does not - was looking to lateral and had friends asked HR directly. 

It is pretty much necessary for international kids to extensively network so their resume doesn't get automatically filtered out. JPM automatically rejects all internationals. 

 

They sponsor laterals for sure.
Not sure for entry levels. I would say that it depends on who is pulling for you.

 

JPM takes both TN visa and OPT. Anything else is auto reject

 
Funniest

Just book a flight to Mexico and then cross the border my man, Democrats will give you sanctuary status henceforth your work authorization.

 

got sd with Macquarie last year. they said they would sponsored. did not actually get an offer.

 

Can confirm that JPM will sponsor TN. Auto reject for anyone in need of H1B or J-1 for internship. Also caveat that TN is only available for FT so not sure how applicable it is for people looking for 2025 SA

 

can confirm - applied to sa24 and got dinged like thte next morning

 
Most Helpful

As an international who had to go through this BS a couple years ago and somehow made it -- cheers to you guys for fighting the good fight, keep your head up. 

Someone above commented that you should just apply to any office / group. That's not the point -- it's about focusing your time and energy to the places that will actually take you. I've had several friends who literally received an offer only to be rescinded for being international. 

Gather good intel, apply wherever you have even the slightest chance, and network heavily with the places that are known to be friendly towards internationals. 

 

Are you sure that Baird sponsors? Don't think they've ever sponsored historically

 

It's 2023 lmao, and the TN is now way less accessible as compared with other international folks who have 3 year STEM OPT by going to school in the States so virtually no banks would favour Canadians unless you also happen to go to school in the US and have the OPT.

As a Canadian who went to US undergrad,TN is only being used as a back up just in case I do not get my H-1B in the lottery.

 

TN is only accessible for FT. No banks make the distinction at SA level.

 

^ it seems like these days banks would hire chinese / indian intl's w/ stem opt rather than canadians without opt

 

Is this fr? Jefferies used to be one of the most sponsorship friendly banks

 

MegafundMonkey:

Adding from my experience, Jefferies no longer sponsors and LionTree is case-by-case.


Just checked a few 2024 handshake posts from Jefferies. It seems like they still sponsor. They’ve historically been among the most friendly towards international. Most people don’t understand how visa related stuff work so I’d be cautious about getting such advice during networking calls. Just my two cents.

 

So who/when would you recommend asking re sponsorship eligibility? Recruiting for lateral positions post lay-off (searching for 4ish months) and things have been quite slow. 

 

Anyone know the process for Canadians? If you apply via TN, do you still put Economist? 2023+ update would be helpful

 

Yes, you would likely be an economist. The lawyers will basically re-structure the job description in the application package to make it more focused on the “economist” job overview from USCIS

 

Fix JPM - they sponsor Stem - OPT and then H1B upon full time for their US IBD Summer Analyst / FT Analyst programs.
 

Obviously the only caveat is the Stem OPT but if you are international without Stem OPT and have only one shot at a 14% H1B lottery then good luck. 

 

Lincoln International - No Sponsor, Stout - No Sponsor, Ardea - No Sponsor, MS - Case by case, Broadhaven - Sponsor, Citi - Sponsor, but NYC higher standard/diversity only, Piper - No Sponsor

 

Any insight into whether BBs/EBs take on SAs with a J-1 Visa (i.e. from an English-speaking country outside the US)?

Also curious about the same question for KKR/Apollo/Carlyle/TPG etc?

 

Updating on my recruiting process - after realizing that I get zero motion with networking and girls, my choice came down to either ropemaxxing or enlisting for South Korean Army which is mandatory for me. Good luck y’all and I’m excited to announce my offer at the ROK army Infantry division.

 

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