Some firms have been cutting back on sponsoring international students/applicants for IB roles in the U.S. Wondering which firms still do sponsor for full time positions coming out of undergrad. (Heard UBS is not going to from 2021 on)
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How do you know UBS is not sponsoring?
https://www.wallstreetoasis.com/forums/ubs-no-longer-sponsors-or-offers…
Had a similar experience as some of the examples in the comments of this post.
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Does JPM sponsor for IBD?
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Ye, they do. I wonder if MS sponsors.
I know they did ~2 cycles ago, I was not a US citizen, but a euro citizen and they said they would sponsor. Went elsewhere so can’t confirm fully if they actually do or don’t.
MS does not really sponsor, they make some exceptions however and used to sponsor way more 2+ years ago
Yes, they do.
does Citi sponsor?
yes
They said "yes". They technically do, but it seemed to me that they did everything they could to not offer to international students
Citi?
Yep exactly. They say they will "consider international students" and you might get a few interviews but in recent years, they almost NEVER give internationals offers at the end. It makes sense though because sponsorship costs banks time/money/additional uncertainty.
JPM does the same thing.
International here. Always have to try 10x times harder to be picked...Some bank might say they sponsor on a limited basis but expect that it’s close to zero...
Even RBC does the same (at least for all the non-Canadian folks I've seen)
Really don't understand the purpose of this exercise on WSO. The list of banks that sponsors international students changes and shrinks every year. It also varies depending which school you attend (target vs. non-target) and what country you are from.
Sounds harsh but you really have to do the search yourself. Imagine missing out on an opportunity because you heard on this forum that the bank doesn't sponsor.
country doesn't really matter given that the h1b pool is just... well... one large fucking random pool. But target vs non-target status definitely does matter like you said and tbh I still think that plenty of banks are willing to sponsor if you have the chops and grind hard. I'm a senior so I got something locked in FT (Rx gig in NYC) but I know juniors who were intl and received US summer analyst offers from BAML, MS, Moelis, PWP and Evercore. If you're good and go to a target, it is still always possible to find a solid gig. Fuck Trump tho hopefully the events over the next few months help soften sponsorship policies.
Does Credit Suisse NY sponsors ?
I heard that they do last year. Not sure this year.
Based on incoming SA and FT 2020 in NY: Evercore, Moelis, Lazard, PWP, HL Rx, Citi, JPM, MS GCM, Nomura, DB, CS, CIBC, Mizuho, TD (I'm sure i missed a bunch)
Note sure if the same holds for SA 2021 but foreigners at my school are in the process for/received offers from Evercore, Citi, PWP, CS, and Nomura
School target or non target ?
Info from 2 cycles ago, but UBS and Barclays has auto-rejection for internationals. Jefferies doesn’t sponsor in all but name.
Not true for Barclays
^Same experience, Barclays was actually very receptive regarding sponsorship. However, UBS indeed has a auto-rejection for internationals sadly
I got an offer from Jefferies as an international student. Pretty sure they sponsor lol.
PM me if you need information on Houston IB
i recently went through the IB recruiting process as an international at a target school. From my experiences networking and speaking with other international students from both my college and other schools like Wharton/NYU stern where there's much better information flow, this is my list:
Places that definitely sponsor and don't discriminate against internationals: GS IBD, BAML IBD, Evercore, PJT, Moelis, Lazard, Greenhill, CS IBD
Places where international status makes it harder to get offers or doesn't sponsor outright (see below for exceptions): Citi, JPM, MS NY (note, Menlo Park Tech runs a separate process and has sponsored in the past), UBS, DB, Barclays, PWP, Jefferies
Note, at some banks like Citi, JPM and MS NY, the HR person will never tell you explicitly they don't sponsor (because it makes the firm look bad) but I have heard from multiple sources that international status is taken into account and you will be discriminated against. But remember, every year there are always exceptions because many Asian/European international students are very wealthy and connected and will still land jobs at these firms due to these connections (i.e. parents/family friends that are connected to the banks).
Straight up not accurate
Lol... firstly i cannot guarantee, as everyone else on this forum, that my list is 100% accurate but I think it's reasonably accurate. I literally just finished the recruiting process, and have international friends from H/S/W/NYU who have landed jobs all over the street and this is my conclusion from our joint experiences.
Saying it's "straight up not accurate" is not helpful.
false. source: am an international analyst at citi. we interviewed a ton of international kids this year for BCMA NYC.
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Greenhill definitely does not sponsor. Can confirm this via an international friend who got the offer and then received an email stating they would not sponsor until the final year of his OPT (i.e. only if he went A2A)
Anyone have any datapoints of which firms sponsor (or specifically don't sponsor) at the MBA level? Heading to a target this fall (Wharton/Booth/CBS) and seeing how to prioritize recruiting.
Have heard second-hand that Greenhill, Gugg and some of the Canadian banks (RBC, TD, etc.) don't sponsor and that Citi "says" they do, but are generally not receptive towards int'ls. Any info/experience would be a great help.
I go to one of those schools. Nominally, these banks were open to all international students:
BB: GS, MS, JPM, BAML, Citi, Barclays, CS, DB
EB: EVR, LAZ, MC, PJT, PWP, HL (Rx group only)
Of these, GS, MS, JPM, BAML, Barclays, CS, DB, EVR, LAZ, MC, PWP, HL made at least one offer to an international student.
Note that BB class sizes (typically 10-15 from my school) are significantly higher than boutiques (typically 3-5 from my school), so as an international, you maximize your odds focusing on BB.
Not a lot of MM shops recruit here (only Piper, Lincoln, Baird), none of them were open to internationals students.
TD probably does. One of my friends is going there as an international
Largely right, UBS is in the same bucket as Citi.
MS NY IBD says they do but they really don't, they used to be more open a couple of years ago
This is accurate, alongside with Citi. However, Citi is more upfront now with students compared with MS- (note that women applicants are treated differently). More specifically, for MS and Citi, it is case-by-case basis. They are willing to sponsor but it is very rare - the people you network with really need to back you up and given the amount of talent out there it is unlikely someone with put their reputation to bat for you unnecessarily. Thus you rarely see internationals at those banks
.
Just to add: banks categorize internationals too. LATAM, women, and are welcome as it adds to their diversity headcount ; other internationals are not. This is why you tend to see more female asian bankers around in BB. A perfect example is EVR: a good proportion of their internationals are women.
exactly. same for other BBs and EBs...International Asian Male vs Female ~ 1:9 based on LinkedIn and my school research report
^This. International males and females are basically different pools tbh
Any info about JPM or MS sponsoring for Canadian? I know they did a couple years ago but I have heard conflicting information about 2021?
In line with the latest news from DC - how are banks going to react regarding the immigration stop?
would be useful to collect information in this thread.
MS, EVE, Moelis, CS, Citi are definitely sponsoring this year - have heard of international students getting offers, from a target
do you know if middle market banks are sponsoring?
My international friends have got offers from these two. Other I'm not sure but they if you are good enough, they mostly do.
Some of these banks differ by location, group, and characteristics of the candidate - would be wary of making a blanket statement like this.
MS/UBS/Citi effectively don't sponsor anymore with a few exceptions. GS, JPM, Bofa do. Not sure about Barclays or CS.
I have seen and heard that Citi is sponsoring - when you mean effectively or exceptions, what do you mean?
Not OP but citi absolutely does not treat international students the same as domestic, that is all I will say. MS is similar.
Where can I find information about banks that sponsor for non-IBD? Is it harder for international students to get into non-IBD divisions (ER, PWM, MO / BO) ?
I am also interested! A friend of mine is international and isn't going for IBD. She's not sure what companies or divisions to apply for. Please, does anyone know?
Personal Experience: Ones that definetely do and will do: GS, CS, MS, JPM, BAML, Pretty Much all of the EBs, Jefferies, Cantor, DB, Ones that don't: UBS, Barclays, HSBC, Soc Gen, Most of the PE Funds, etc Ones that only sponsor the best: Citi, PWP, Raine, William Blair, Baird, Stifel, Houlihan, LionTree
Blair straight up told me they don't sponsor actually
Can't be true I know of someone who got sponsored so
Anyone know if Macquarie sponsors
Yeah they do. Best way to find out is google h1b data and go to the USCIS website. There put the firm's name and they will give a list out. It's pretty easy
Can we please compile some info for this? Also which MM & boutique sponsors? Any insight on Piper Sandler, Wells Fargo, Rothschild, Guggenheim etc.?
Pretty sure Wells does not sponsor.
none of those sponsor
Can confirm Wells Fargo does not sponsor
Mizuho sponsors
Rothschild and Guggenheim sponsors from my understanding. Piper Sandler and Wells Fargo does not, especially more given the current situation.
Straight up wrong. Roth and Gugg don't.
yeah im p sure none of the 4 banks named do sponsor lol
Know for a fact that Roths does, but might only be on an h1b transfer basis. MBA classmate works there now and he def needs a visa.
Most companies don't want to have to deal with the lottery but once you have the h1b, transferring isn't a big deal for them.
I know recruitment has really picked up in the East Coast for a lot of the banks, and as of now I am trying to strategize my timeline and which banks to network with to be efficient. Does anyone happen to know if the MM firms and smaller boutiques like Stifel, Harris Williams, Raymond James and etc happen to sponsor at all for IB positions or whether they have in the past? I would appreciate any inputs.
no they don't
Bump does anyone centerview partners sponsors?
List I've compiled after going through 2021 SA recruiting (for IBD only, not any other roles) and my personal experiences
GS, BofA, Credit Suisse, Deutsche, Jefferies, Evercore, PJT sponsor. Also I think some other EBs like MoCo, Centerview may sponsor. PWP does not for sure. No other major banks that I didn't list sponsor.
Nomura, BNP Paribas sponsor.
Citi also sponsors
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