Which firms still sponsor for IB (U.S./NY)
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)
They said "yes". They technically do, but it seemed to me that they did everything they could to not offer to international students
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
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).
MS NY IBD says they do but they really don't, they used to be more open a couple of years ago
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.