Plight of International Students with BBs

Question

Update: I ended up getting two BB SA offers in capital markets and accepted one of them. However, I am a poli sci major and apparently that doesn't work for the TN Visa. Is it likely for BBs to transfer analysts who have lost the H1B lottery abroad to a foreign office?

Binders · Accepted Answer

Yeah there's some BB's (MS correctly cited above) that have straight-up stopped taking international students. Partly because of the administrative headache, but I think mostly because the lottery Visa process results in the majority of the international students hires ending up having to leave in a year anyways.

Boutiques even less likely to offer sponsorship given size, and don't give as much optionality in terms of foreign offices for the people who can't get their visas.

Could look more into the middle market global firms like an HSBC/Nomura/Macquarie/etc.

TheNotoriousFIG · Answer

Managing expectations is going to key if you are international. I got sponsored by a tiny LMM boutique after being turned down by much larger firms (both IBD and otherwise). It's a tough climate for H1-Bs so if staying here is your goal then it might make sense to take an offer where sponsorship is guaranteed and then trying to lateral. Also keep in mind that its a lottery anyway, so priority should be to just get in at first.

My Name is Jeff · Answer

Somebody I can work with and have intelligent conversations, from time to time. I don't mind lewd jokes too, but I usually prefer to keep that to a minimum until I've been drunk with him. Also, he should be as down to earth as possible - me and my team in general really likes the Horatio Alger types, but other firms may see this as a negative. Basically someone who's refined in the office and in the day, but can be fun to hang out with in the night.

mtnmmnn · Answer

Can't you change your major to Econ? I know it's not very constructive to say, but you really should have researched that before dropping a Ferrari on tuition. a quick 30 sec google search would have told you that you need to be an Econ major (or BBA / B.Com) in order to get the TN Visa. It's really not complicated and hasn't changed since the program was put in place in the early 90s.

That being said, BBs tend to be pretty accommodating with transfers if you don't win the lottery. Know a few people who were in this situation.

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Plight of International Students with BBs

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Plight of International Students with BBs

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