Hey there folks-just want to get some perspective on how the situation is looking for internationals at Top 20 US MBA programs.
- How is IB Associate recruiting looking?
- Any Banks that have stopped sponsoring or cut their target schools?
- Do internationals have the option to move elsewhere?( London, Singapore, HK etc)
- What % of internationals are able to secure internships and what% are able to convert?
Thanks.
I can't personally speak to all of them but I can give a personal anecdote to add to your data points.
Family friend of mine was in the states for college, landed a Goldman IBD offer in California. Did a 6 month Co-op there, received a FT offer but they requested he move to one of their London / Singapore / HK offices since he has citizenship there. Same FT offer, etc. He turned it down because of outside circumstances but it was a legit IBD FO offer in one of those offices.
Great-Thanks for sharing-really helpful. Mind sharing which MBA school was this at? I am hearing that even at strong finance schools such as NYU Stern , internationals are struggling to get an internship.
Have heard from current students that I've spoken with at Top-20 schools, that certain banks are coming on campus and claiming outright that they aren't taking internationals (Greenhill was the one specified). Larger shops such as JPM, etc. have no problem taking internationals since they have robust HR and Legal processes that handle these things.
Thanks for those insights-really appreciate it.
That may be the case, but they can't do anything about the fact that the H1 system is a lottery - there are far more applicants than spots. You get under a different visa class for doing a masters in the states, but I believe that's only good for a year.
Yeah, agree with you here - the H1 system is a toss-up. When I was making my inquiries I was asking from a Canadian perspective, which I've heard is looked at as less of an "international" per se, esp. now that NAFTA/USMCA is back in the mix
Do you know why the situation for international students has all of a sudden gotten worse with less banks willing to sponsor?
The H1 system has always been a lottery, so why the sudden change now?
Anything you read in the media is always along the lines of "Its all Trumps fault" blah blah blah. I've not actually seen anything tangible he's done to make it worse. If anything his proposals of raising the salary threshold will make it better for MBA's.
The situation is the exact same as when you asked this question two weeks ago.
At a top 15 now. Certain banks are not sponsoring (Greenhill, Guggenheim, BMO). Citi has been cutting internationals left and right from my class because of the visa issue, though officially they do sponsor.
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