Is H1B sponsorship just not a thing anymore?

Not looking to move anytime soon, but always saw myself eventually ending up in the US given salaries are so much better there, 90% of jobs in my field seem to be located there, and it's just always seemed very livable to me. 

When I was job hunting last year I used to throw my hat in the ring for jobs advertised in the US; whenever the recruiter got back to me they'd say something along the lines of "They're not looking to sponsor, but there's a similar role in London etc you could apply for". 

From what I understand H1B applications vastly exceed the quota, so it's basically become a lottery that a lot of firms can't be bothered with. It's pretty much dominated by tech which simply depend on skilled international workers to grow. 

Interested to hear if anyone knows their firm's policies on this, or if they know any examples of international hires (who didn't do an MBA or something STEM accredited of course). I'm in a fairly niche area and in my head I hope with a few years of experience I'd be competitive, but maybe I'm naïve. 

 
Most Helpful

Firms use L1 visa to get people from London/other places to US if they already work for the same company. Otherwise, it’s extremely difficult to get hired directly because the application period for H1B is In March and it is until July 15 that you even get ur visa (if you get picked in the lottery that is). Hence, no firm directly hires on H1B because it’s too much of a hassle at best and impossible to time properly at worst.

If you already have OPT then it’s much better but that’s only if you studied in the US. Best scenario is to get hired through uni in US and if you have a stem opt. That gives you 4 tries for the H1B which means mathematically you are extremely likely to get it. There’s a ~25% chance in every lottery.

 

If you can snag a scholarship then it's worth it but agree that otherwise it's just not guaranteed that even after you spend the dollars that you'll get a job out of your degree. I only came here because I got a full ride otherwise the risk of being unable to pay a dollar-denominated loan down while earning in an inferior currency. If I don't get h1b then i might ask my company to give me a year to go study for another year to get 4 more tries at the H1B and then come back to the same group. I think its wise to either have no costs or have a guarantee of a job afterward. 

Agree that L1 is probably the best option for you.

 

Libero fuga earum iste enim ducimus omnis. Blanditiis in rem deserunt quae cupiditate deserunt similique. Dolor possimus et aut eum voluptas adipisci.

Temporibus aut omnis aut voluptatem aliquid quo. Error magnam consequatur et quia eos.

Quidem voluptate cumque maxime illo fugiat laboriosam. Eaque animi quo aperiam nihil eum dolor aut. Praesentium fugit fugiat totam voluptas sed qui qui. Qui laudantium corporis eius quidem ut itaque delectus. Nam voluptatem ipsum qui officia aut et et architecto.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”