I would appreciate everyone's input throughout this recruitment cycle, as I'm dying for clarity. Apparently, GS is on pause. A friend of mine said JPM stopped sponsoring for IB as well.
Based on the most helpful WSO content, here’s a breakdown of banks and their sponsorship policies for international students:
Banks That Definitely Sponsor:
Goldman Sachs (GS): Historically sponsors, but there are mixed reports about pauses in certain cycles.
Credit Suisse (CS): Known to sponsor.
Deutsche Bank (DB): Sponsors international students.
Mizuho: Sponsors without significant issues.
Nomura: Generally sponsors.
Banks That Sponsor with Conditions (Case-by-Case or Limited Quotas):
JPMorgan (JPM): Reports indicate they have stopped sponsoring in some locations (e.g., New York), but sponsorship may still occur in other offices like San Francisco.
Evercore (EVR): Sponsors but with a preference for top candidates.
PJT Partners (PJT): Sponsors selectively.
Jefferies: Sponsors but offer rates may be affected.
Morgan Stanley (MS): Limited sponsorship, often requires candidates to stand out significantly.
Citi: Sponsorship is mostly limited to New York groups.
Bank of America (BofA): Sponsors but with some limitations.
Moelis: Limited sponsorship opportunities.
William Blair (WB): Limited sponsorship.
RBC: Sponsors but primarily for H1B1/E-3 visas.
Banks That Rarely or Do Not Sponsor:
UBS: Generally does not sponsor.
Wells Fargo (WF): Does not sponsor.
Greenhill: Does not sponsor.
Guggenheim: Does not sponsor.
Rothschild: Does not sponsor.
Most Middle Market (MM) and Boutique Banks: Typically do not sponsor.
Key Notes:
Sponsorship policies can vary by office location (e.g., front office vs. middle/back office roles) and group.
Networking and being a top candidate can sometimes help secure sponsorship even at banks with limited policies.
Always confirm directly with HR or recruiters during the process, as policies can change frequently.
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Based on the most helpful WSO content, here’s a breakdown of banks and their sponsorship policies for international students:
Banks That Definitely Sponsor:
Banks That Sponsor with Conditions (Case-by-Case or Limited Quotas):
Banks That Rarely or Do Not Sponsor:
Key Notes:
Good luck with your recruitment cycle!
Sources: Banks sponsoring visas (undergrad), Banks Sponsoring International Students - 2023 SA, Banks Sponsoring International Students - 2023 SA, Banks sponsoring international students - 2022 SA, [FT Recruiting 2020] Updates on banks that still sponsor H1B for international undergrads?
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