Which firms reliably sponsor for IB SA28? (H-1B/STEM OPT)

Recruiting for summer IB 2028 SA roles and wondering if anyone has current insight on which firms reliably sponsor. For context, I have STEM OPT eligibility through F-1, which I think keeps JPM's door open despite their strict requirements.

Old sponsorship threads on here are mostly pre-2026, before all the uncertainty around H-1B and TN visas. Trying to figure out if that's actually impacting SA offers and SA-to-FT conversion.

From what I've found so far:

Heard these firms don't sponsor: Wells Fargo, HSBC, BNP Paribas, SocGen, MUFG, Guggenheim, Piper Sandler, Stifel, William Blair, Baird, Raymond James, KeyBanc, Scotiabank NYC, BMO NYC, TD Securities NYC, CIBC NYC, Lincoln International, Qatalyst, Allen & Co, Solomon Partners, Harris Williams, Truist

Would appreciate any insight on other firms that do or don't sponsor so I don't waste time networking somewhere that's a dead end. Also, if there are specific groups that sponsor would appreciate insight into that as well. For example, I think only RX at HL sponsors. 

Thanks in advance.

10 Comments
 

Based on the most helpful WSO content, here’s a breakdown of firms and their sponsorship tendencies for IB Summer Analyst roles, particularly for international candidates with STEM OPT or H-1B needs:

Firms That Generally Sponsor:

  1. Bulge Bracket Banks (BBs):

    • Goldman Sachs (GS)
    • Morgan Stanley (MS)
    • Bank of America (BofA): Known to be very international-friendly, often ranked highly for sponsorship.
    • JPMorgan (JPM): Requires 3-year STEM OPT eligibility but does sponsor.
  2. Elite Boutiques (EBs):

    • Evercore: Strong reputation for being open to international candidates.
    • Lazard
    • Moelis
    • PJT Partners
  3. Middle Market (MM) Firms with Decent Track Records:

    • Jefferies
    • Mizuho
    • Nomura

Firms That Reportedly Do Not Sponsor:

  • Wells Fargo
  • HSBC
  • BNP Paribas
  • Societe Generale (SocGen)
  • MUFG
  • Guggenheim
  • Piper Sandler
  • Stifel
  • William Blair
  • Baird
  • Raymond James
  • KeyBanc
  • Scotiabank NYC
  • BMO NYC
  • TD Securities NYC
  • CIBC NYC
  • Lincoln International
  • Qatalyst
  • Allen & Co
  • Solomon Partners
  • Harris Williams
  • Truist

Additional Notes:

  • Houlihan Lokey (HL): Sponsorship may be group-specific, with Restructuring (RX) being more likely to sponsor.
  • JPMorgan: While they sponsor, their strict requirement for 3-year STEM OPT eligibility could limit opportunities for some candidates.

Recommendations:

  • Focus your networking efforts on BBs and EBs with strong sponsorship reputations.
  • Be mindful of group-specific sponsorship tendencies (e.g., HL RX).
  • Avoid firms with a clear track record of not sponsoring to save time and effort.

If you’re targeting specific groups or have further questions, feel free to ask!

Sources: 2024 SA - Visa Sponsorship - US Investment Banking, 2024 SA - Visa Sponsorship - US Investment Banking, Banks Sponsoring International Students - 2023 SA, Banks Sponsoring International Students - 2023 SA

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

thank you really appreciate it. interesting that EVR isn't filing. do you know if they are waiting to file after 1-2 years as an analyst or they simply dont go through the hassle anymore and expect them to exit once their OPT runs out?

 
Most Helpful

Ignore title, incoming SA 27 here. 

BBs: JPM sponsors. GS probably does. Not too sure about MS and BofA. UBS stopped. Barclays and DB also probably stopped.

EBs: Could be wrong about EVR but I did not see any internationals in their SA 27 class on LinkedIn. Moelis sponsors. PWP does not.

Buyside: BX and Ares sponsor. KKR and GA do not.

Think Jefferies stopped sponsoring too

 

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