TN Visa Sponsorship (Class of '29)

Based on the most helpful WSO content, here are the key updates regarding TN visa sponsorship:

1. General Trends:

   • The TN visa process has become more challenging, with success rates dropping significantly. Previously, there was a 95% success rate for TN banking analyst applicants, but now it is reportedly below 50%.
   • Some banks have stopped filing TN visas altogether due to the increased risk of denial and the potential impact on candidates' records.

2. Employer-Side Changes:

   • Many finance firms, including some investment banks, are becoming more cautious about sponsoring TN visas. This has restricted opportunities for Canadian candidates in the U.S.

3. Banks Known to Sponsor TN Visas:

   • Goldman Sachs (GS): Generally good at managing the TN visa process, though there have been cases of denials.
   • Evercore: Known to sponsor TN visas.
   • Moelis: Sponsors TN visas.
   • Lazard: Sponsors TN visas.
   • Barclays (Regional): Sponsors TN visas.

4. Risks and Recommendations:

   • If a TN visa application is denied, it leaves a record that can complicate future attempts. As a result, some banks advise current TN holders not to travel outside the U.S. to avoid complications.
   • Many individuals on TN visas are attempting to convert to H1-B visas, but this is not an option for undergraduates who have not yet received their degrees. The H1-B process is also a lottery with strict deadlines.

If you're targeting TN visa sponsorship, focus your networking efforts on the banks listed above and stay updated on any policy changes.

Sources: MBA IB Associate - Sponsorship, Banks that sponsor TN visa (Canadians only), https://www.wallstreetoasis.com/forum/job-search/how-screwed-are-international-students-now?customgpt=1, TN Visa success/failures, TN Economist Category Visa Changes Dec 19, 2017 - Any TN Economists Working in Hedge Funds?