How do international students go about interning at top firms without sponsorship?
I go to a target school and many international kids are interning at top firms even if most of them ask whether they need sponsorship and if so that's ultimate rejection.
I am an international too in the process of recruiting so was just wondering on how I should go about that?
International students are on F1 via SEVIS and qualify for CPT or OPT. It is a process developed by USCIS so these guests can develop practical skills during their studies. They remain on F1 during all internships as long as they fulfill the requirements set out in the agreements.
Internships are normally given to the most promising international students only as companies have limited spots and the odds of making it through OPT, H1b, GC are not ideal (for any student). While technically "a sponsorship", CPT and OPT are easier to obtain than H1b or GC. This is why international students shall be encouraged to not only study hard, but also pick the right school for their industry.
International students who DO NOT study in the US should be eligible for the J1 visa/exchange program through a qualifying sponsoring entity or agency (often teachers, coaches, au pairs, language courses, summer camp, ...).
Internships can be paid or unpaid. There are also fees associated with applying for these permits.
International student here — if you don’t absolutely hate STEM, pick an “easy” STEM major, keep a 3.8+, and learn the banking interview stuff on the side. Check the CIP code of your major and see if it qualifies as STEM. Especially at a target, this should not hinder your recruiting at all (vs. majoring in Finance/ Econ).
Having 3 years of OPT not only significantly increases your odds in the H1B lottery but also guarantees you’ll at least have the analyst skillset solidified, which in turn makes it easier for firms to transfer you to satellite offices (London) and bring you back to the U.S. under an L-1 visa (intercompany transfer).
As a plan to hedge your bets, grinding the GMAT and applying to a deferred MBA during your senior is also not a bad idea.
Also, firms are very likely to sponsor your H1B (personally know a couple that sponsor). Analyst PE programs (Warburg) are also willing to sponsor.
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