Breaking into IB as an international student studying in the US
I'm starting my studies as an undergraduate student in a semi-target school this fall. I'm an international student studying with an F-1 Visa. Is my nationality a big burden for banks? I've heard that sponsoring a H-1B Visa can be a lot of work for the employer and that for example MS doesn't recruit international undergraduates at all any more.
I would like to hear your experiences or/and knowledge about the matter. Is it possible to break in at all? If it is possible, is being an international student a disadvantage in the recruitment process?
Hi SP19, hope I can help. Do any of these links cover what you're looking for:
Hope that helps.
Hi - I’m a fellow international student on an F-1 Visa who will be returning full time into IB at a BB. While it is true that being an international will definitely put you at a disadvantage compared to American students, and many banks don’t even recruit internationals, it is definitely doable, as my situation shows. I know international students going into GS, MS, JPM, BAML, and Lazard, and I know for sure that WF and RBC do not recruit internationals. Surely we are few international students going into IB, but my firm saw no problem in sponsoring me for H1-B. If you prove yourself, make it through the recruitment process and secure a summer internship, and then prove yourself again to convert it into a FT offer, you’ll be fine. Let me know if you have any further questions!
Thanks a lot for your comment, it is very reassuring to hear that.
Also, yes, it is a disadvantage. I missed a couple weeks of my internship due to delays in work authorization processing, so even if you do get an offer, you will have to work harder than anyone else to somehow convert it into a FT offer.
Well concerning the situation, you better have great experience and financial knowledge both technical and fundamental analysis. Companies sponsor H1-B Visas but seriously, most of them honest go to tech or computer-science majors. It's a real gamble, so keep that in mind.
Trust me, you can do it. I’m an international at a non target and have got 4 offers from BB and EBs so far (think EVR/LAZ/MC). Be persistent, don’t care too much about the sponsorship because it’s something you can’t control. Just trust the process
Thank you very much, and congratulations on your offers!
Agree with above comments. Here's my two cents:
Great advice, thank you so much.
Agree with the foregoing comments - I broke into US IB from outside the US, my school was not well known and is not situated in an English speaking country. They were happy to sponsor too.
The thing I would stress it that all this sponsorship business is an HR issue and gets dealt with by that group - bankers have little if anything to do with that process. Hence - impress the guys you’ll want to work for, and let HR handle the logistics.
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