Canadians with US IB / PE Offers Revoked - TN Visas
Have heard multiple reports of Evercore, Greenhill, and other spots (for IB as well as on-cycle PE placements) considering revoking offers / potentially trying to move Canadians to non-US offices.Hard to separate what's confirmed from pure speculation - what have people heard?
They will place them in non-US office and bring them back as internal transfers (L1 visa) after 1 year so Green Card process is smooth. This way they can bypass the whole H1B crap.
That doesn’t make sense, they don’t need to go through H1B. They have TN visas
Yeah but you can’t apply for Green Card while being on TN visa. TN visa underlying intention is you won’t stay permanently in US. If you apply for green card while being on TN, they won’t renew your TN ever again.
Speculation, but I think they recieved threat/inquiry from government agencies on TN visa
Essentially the gov inquired as to the abnormal amount of economists and job functions that didn’t particularly align with criteria. They know what’s going on and gave a subtle, figure it the fuck out, or we’re gonna figure it out for you. It’s the reason for the pulling of offers.
how reliably do u know this is what happened?
How does this speculation even begin? It cant just be a random dude saying trust me bro - and if it was an email it would already have been leaked. Curious where the source of the rumours are from
Western Investment Club members on suicide watch rn
walked into ivey today - sht looked like a funeral
congrats on dodge & cox
what happened
Just got the call - can confirm. Full rescinding of offer
what firm is this / what’d they say ?
Look at the person’s comment history definitely trolling
evercore rescinding offers is essentially official, whether they are being relocated is still speculation, they are all currently in talks to work anything out
Can confirm that EVR (U.S. offices) has rescinded Summer 2026 offers for Canadians and cancelled Canadian recruiting for Summer 2027 into U.S. offices.
Given how strong the Western -> EVR pipeline has historically been, it’s hard to imagine other U.S. firms not rescinding across the board as well.
Unclear at this point whether affected candidates will be offered placement in other offices, especially given limited seat availability across other teams.
This will likely heavily increase competition for recruiting in Calgary and Toronto.
RBC M&A right now
Is this for Canadians from Canadian universities? Or does this apply to OPT as well for US universities as well?
Interesting
Bro def got beat out for EVR by an Ivey kid
Did the maple munchers steal your on cycle offer as well?
The only thing an Ivey kid is beating is his meat while watching anime
Is this only evercore? any updates on other EBs?
Just spoke to several buddies of mine who recruited in US. Today’s frenzy is all Evercore. But this is likely just the beginning and other firms may do the same. Evercore had some of the largest and most notable Canadian pipelines: notably Ivey but even schools like McGill (Houston office).
anyone know where GS stands?
heard from queens kids that GS is also following suit and informing students to prep for worst case i.e. no more gs offers
are we 100% sure about this? what about incoming summer interns?
One of the people who got rescinded.
Looks like EBs got targeted first - it makes sense, they are the low-hanging and obvious fruit, disproportionate amount of CADs on TN vs the small number of employees that they have.
BBs - either did not get hit because lower proportion (GS has 200k employees vs EVR @ 2200) or they are going to get hit next after a deeper dive. Either way, I don't think this bodes well - it just doesnt make sense for any BB to take a risk on a CAD candidate when there the administration is clearly targeting this industry and going after big/respected names in the industry, and no one knows what the madman is going to do next.
I think broader implications - anyone at a satellite office of a US firm in CAD, just keep your eyes out - this might be the start of something bigger. Obv speculating, but I wouldn't put anything out of reach atp.
Either way, stay safe, gents - keep your head up high. If you were able to land a spot in these top firms, you can do a whole lot in life. Now back to the grind.
kind of hard to believe 100%. “EB”s ? which ones? have only heard speculation, misinformation, and personally don’t know anyone who actually got shit rescinded despite being a student at ivey/queens
I got offer rescinded at EVR (but I was an experienced hire). Have heard anecdotes from few ppl at Greenhill. Heard that one of moelis teams stopped interviewing (he didn't know about the broader org)
Assuming this has to do with USCIS classification of “economist” for TN visas changing in July-2025 to not include bankers/PE folks…it is just now impacting SA27 students as the policy impact is now current
Any color here would be appreciated. Am at one of the banks that hires a few # of hard working Canadians and am curious what things look like going forward (esp those who hv signed PE gigs)
Any visibility on Moelis and PJT specifically?
Haven’t heard on PJT but Moelis looks bleak. Seems they cut the interview process midway for Canadians.
this is like blatantly false unless i’m really out of the loop but as someone who knows a good chunk of the moelis incomings, have not heard a single thing about offers being rescinded. interviews may be true idk but then again that may not be due to visa issues could just be the kids getting cut
Am i cooked w an impending Moe r1? Not in the big clubs so don’t rly have visibility on this bs
Any visibility on Moelis and Greenhill?
Anyone know how p72 will be affected? Got an offer but haven’t heard anything
I feel horrible for everyone who was just graduating with a top placement they worked so hard for just to have it rescinded. Wonder if this will last. Are the Queens and Ivey pipelines killed?
nobody has officially been rescinded…rn it’s a bunch of fear but who even knows how this started
Not sure what you’ve heard, but I’ve heard otherwise. Offers have been rescinded for EVR and other firms have had meetings with incoming analysts.
Has anyone heard if there’s been effects for Canadians who had offers to PE or HF shops?? Are they next?
Heard someone had their HIG on cycle offer for 2027 rescinded
If this is the case then we all have much bigger issues at hand. This would imply every Canadian working in finance on a TN is at risk of losing their job.
If this really is the govt cracking down on the TN rules, are FTs next? I haven’t even seen any news on this which is the crazy part.
CIBC SA27 R1 is going to be the hunger games
"Great to meet you. I'm looking at your resume, let's start by telling me why join our team over Evercore M&A?"
How does this affect D&C's legacy?
?
What is this new weird obsession with D&C among sophomores now lmao
does this mean London will be the next city of choice for Canadians?
If my FT offer gets pulled it might be time to hang myself, imagine the shit show full time recruiting would be.
Canadian metals and mining banking not looking that bad anymore eh?
Nah that’s still the worst seat you can have on bay
Why?
did a summer at a big 5/6 mining team, but hr from junior year summer told me us offer is in limbo, should i see if my old team is hiring as a back up?
Depends - did they give you a return at the end of the summer you did there?
bumping for any updates on goldman
Congrats on all of you geniuses who supported putting a clown in charge of the most powerful country in the world because he said funny shit and stuck it to the PoC.
Now you are acting surprised that the clown has turned the country into a circus and is burning it down while he is at it.
As much as I want to agree with you, did you really expect this charade of hundreds of A&A being hired as “Economists” to continue forever?
Everyone knew the music had to stop at some point… shame it had to happen this year.
This is targeted at all the Canadians who voted for Trump?
supported, not voted. believe it or not the internet is a powerful thing. joking around when he says insane shit or saying "wish we had him on this side of the border" when he spews hateful rhetoric all played into his ascent and popularity.
Now we are all paying the price for it
Yeah if anything people who voted for Trump would be happy at this news because there's more opportunity for them.
if anything this is a win for the trump voters what are you talking about
Your last prime minister froze bank accounts of the trucker protesters, a move China didn't even do to the Hong Kong protests. It's suspect seeing Canadians criticize other countries politics since you'd be arrested in your own country for hate speech for criticizing your own.
We're not your friend or your enemy. We're your boss. Now go send us some poutine and maple syrup and calm down.
Very forward-leaning of you to describe yourself as a 'boss' when you share the same level of responsibility as a 40-year old military vet's first white-collar job in banking. Try and focus on maintaining the diligence tracker / VDR and not pissing off senior analysts.
Signed,
Canadian on Wall street
Is Ashbridge hiring full-time? Thx
Greenhill reportedly rescinded offers? Can anyone confirm?
Hearing similar things too. Unsure of what’s going on there tbh.
heard this turned out not true, unless someone can confirm otherwise
Likewise heard this was false - still have not heard of a confirmed case of any offers being rescinded atp. There’s lot of fear mongering going on right now, so I will remain very skeptical.
heard kid from my school got offer rescinded. not close with him. If anyone who received an offer from Greenhill could comment, that would be great
Congrats on BCI
Insane ball knowledge
Congrats on Sagard
Heard from a reliable source that BDT, PJT, and Moelis are splitting on an office in Brookfield Place and sending all Canadians there
wtf is your source. I wouldn’t imagine even mds at these firms would know this 😭
Joking about how retarded "i heard this from xyz person" is in this thread, people are just saying shit at this point
First time your “source” is hearing this info too
Chinese wall = non-existent
the deal flow is going to consist of 3 M&M deals and 2 polar bear breeder mergers
source: im a canadian
Maple syrup manufacturing could be consolidated - roll up potential
what about for STEM OPT?
Good question
Fear not, ex-incoming EVR Bankers.
Left Lane Associates is hiring and deal flow is HOT.
What if someone is in math / stats and tries for the math TN ie less used etc?
Are they fucked too? Or is it just economist TN that’s cooked
Complete speculation but I would think they’re taking a look at people on TNs employed at banks. No clue though
Mathematician/ statistician should work. Esp for s&y
lets go
Lots of inaccurate and overdramatize information in this thread so here is what I know personally from incoming Canadians at Evr:
Dimon and Lehman MDs were senior management and/or proven revenue generators. That CFO of RBC was a certified 304 who slept her way to the top like most DEI Beckies
Typical Canadian hardo reponse at 4. I don't know why you guys think your value is so much high lol. I had a displeasure of working with you guys while interning at a peer boutique and it was beyond my mind how highly of you guys think of yourselves. Other intern and I literally heard one of you saying "I was the only analyst staffed on a deal when I was just 20" for god's sake. Dude we are just excel monkeys that no one would give a damn fuck and can be replaced by almost anyone in the world.
How is wondering if you have a job a hardo response?
Current Canadian at Evercore. Here is what is fact and what is largely speculation:
Here is what is fact:
What is unclear:
As someone who is not as affected by this change, here is my practical advice:
I am writing this because Evercore HR is (respectfully) not great at communicating changes to incoming employees, and that leads to rumors very fast. Hope this is helpful, and Godspeed!
Do you think more facts will come out over the next week?
Regarding Evercore? Likely no. The messaging from the firm is to sit back and wait until H1-B results come out.
Evercore has rescinded internship offers. Several people from Western have told me their offers were pulled, and they are now actively recruiting for 2026. However, it is already quite late, so some may add a fifth year and recruit for 2027 in Toronto. RIP to anyone recruiting in Toronto, competition is about to be insane.
can anyone confirm this?
Once again, spreading misinformation. For NY M&A, no Summer Internship or Full-Time offer has been pulled. If you really have heard otherwise, feel free to tell summers to message full-time analysts at Evercore from Western.
"Start telling the incoming interns...don't tell the full times yet, they'll freak out; just feed them some BS for now"
...
Freshman here at a Canadian target - my main question is: The US pipelines may be done, but is a viable pivot applying to other countries offices (e.g EVR London office)?
Yes but EVR London is NOT EVR US in terms of prestige/exits
apply as a transfer student to us colleges rn
How about for Ardea? They have a very large Canadian presence. Do you think they won’t be targeted since they are smaller in size and private?
Was wondering the same
Good luck competing against Jean-Paul (26 year old HEC grad with 18 month worth of internship across APO, GS and EVR) for a FT spot in London lil bros!
For those considering applying to London programs - This is not a joke. Someone in my AC for a summer at a BB had 2 MF PE summers and 2 EB off cycles. End result? I was told to come back next year with more experience, since they already had enough UK kids.
cry me a river - it's called competition
As someone who's recruited both places. Yes the OP comment is not an exaggeration. Recruiting in London is 10000000000x harder than NYC and it's not even a comparison. Some firms even have modelling tests (including even LBO) as part of the interview process for SA too
For anyone with a European citizenship (long shot I know but french Canadians exist) that's concerned about their work status, I will unironically legally marry you (man or woman) so you can work in the US. Italian citizenship preferred, but open to any in the Schengen.
This offer isn't a joke - leave a comment and I'll DM you lmao
Get a room you two
Jk
I can get my EU citizenship. Sounds like a good trade to me !
It takes a while, if you actual go get it my offer is still valid.
How's British sound?
Not since Brexit (not a joke either)
Any speculation on what this guy looks like?
Who cares what I or the other person looks like. I just want an EU citizenship and there's gotta be someone out there with that who wants a US citizenship.
Would you be open to a 25 year old indian guy? I have EU citizenship, but I want to consummate marriage it is important to me
If you're being serious, then yes I don't care about gender/race/age. I genuinely want an EU citizenship.
What country though? UK doesn't count cause its no longer in the EU.
Pajeet! How can you be so heartless to Pooja from Mumbai…
Agentis Capital is up next 🔥🔥🔥
I hate it here
DEI Beckies rule in Canada. They will steal your jobs, bonus, and cats.
Couple Ivey guys got their full-time return offers at evercore reneged today
All of you will work for Supreme Leader Kay Yoo
Can anyone speak to what this looks like for Canadians looking to work banking in the states for the foreseeable future? Presumably if evr was given the figure it out call, it’s not something they could just revert when the administration changes because it is technically a valid enforcement of the TN? I’m just wondering
Believe they turned off the taps during 1st Trump admin as well and then back on during Biden.
The downstream effects are Canadians being more reluctant to apply as their status is always in question. Though there will probably always be more willing to take the risk such that there’s still a competitive pipeline.
Interesting. I guess maybe it was more abrupt or widespread this time. Thanks
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