Warning for Non-EU Interns in London
Posting from a throwaway.
You may not be getting an offer in London. Today was the last day of my internship at a top 10 BB, and none of the non-EU interns got job offers due to the fact that there was a new law passed that makes it very hard to hire non-EU interns (I'm Chinese); there's a chance of getting our offers moved to other regional offices, but who knows if that will happen.
All the non-European immigrants in my internship had the same outcome. Apparently, however, some banks in London are giving offers to their non-European interns.
Best of luck to those of you in the same boat, but the situation looks very, very bleak.
What's the new law?
Apparently has to do with Tier 2 visas. That's all they told us...
Damn. I knew this was coming.
The law did not see support from any of the major players across industries though. It has something to do with cutting down on the number of students who move to the UK on the pretext of education and just start working once they are there and eventually convert their status. A lot of them join random universities due to the relative ease of entry into the UK as a student.
What a mess... So yeah, basically all of us with offers are now screwed, with no guarantee of anything next year. Joke.
What you're saying is not entirely true.
In my summer intern class at a BB as well, several non-Europeans got offers in London. However, from what I understood, the job has to be publicly advertised for 15 days before they can officially receive the offer.
Aren't students with Tier 4 Visas' exempt from that rule?
Helic, I also heard today about another bank giving offers to some internationals - I will amend the OP.
So what gives? Are some of the banks just not able to find ways to get around these new regulations? I'm having trouble understanding why some places were not willing or able to figure out ways for their interns to get offers, while others were.
My hunch is that some of these banks' legal/compliance departments are willing to take on the extra headache, while others just don't want to deal with it.
Anyone else affected by this?
Didn't the law affect only college students and not university students?
I have no idea, but whatever the law was, it apparently affected university students, as I and basically all the others I have spoken with are university students.
I am guessing this is related to this?
https://www.gov.uk/government/news/tier-4-visas-immigration-rules-chang…
http://www.theguardian.com/education/2015/jul/29/a-guide-to-the-governm…
More specifically: "... ban college students from being able to switch visas to Tiers 2 or 5 in the UK, and require them to apply from outside the UK (from November)"
Ye think this applies to swiss people like myself too? I mean we're not in the EU but c'mon, it's Switzerland!
That's what you get for sitting out on two World Wars.
Yeah...we're not big on war. Going to be complicated to intern in Switzerland as I'm studying in the UK, even though Switzerland is wa better for banking careers than anywhere in the UK. Hope it doesn't apply!
Hop suisse! But we're in EEA, I don't think it applies.
why exactly should you be granted a free pass even though your country decided to not be in the EU? Why do you have that privilege?
Everybody loves Switzerland? No? ... O:
Really sorry to hear this OP. Ridiculous law and a bit ashamed to be part of the European Union hearing this. I hope you will receive an offer to transfer to another office.
I wonder if the US will face a similar issue with the h1-b Visa cap.
I think this new law only applies to Tier2 & 5. Not for Uni students ;)
I have to disagree, as I personally knew a couple kids who just graduated from unis in the UK and are in the same boat as me. But maybe it is because they already graduated, literally a few weeks before this new law was put into place. Lots of unknowns, to be honest.
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