Why do banks, consulting firms, and PE firms sponsor visas?

The roles are usually competitive enough that they could be filled fairly easily with an American citizen who is qualified enough. At the entry level (0-4 years out of school), what’s the incentive for them to deal with visa costs and headaches for non-specialized talent?

(To clarify so this doesn’t become some political debate, I am an immigrant US citizen at MBB and very pro-STEM immigration)

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Actually? First off, this is essentially a convo about asians as those are 90%+ of the visa hires. Quite simple, in the bank's view I'd imagine it's because (a) those dudes grind like fucking crazy, (b) they've been ridiculously filtered from a competition perspective (there are no Indian guys who got from New Delhi U, got an MBA at a target, broke into IB and got an FT offer by accident) and (c) unlike American citizens who (and by no fault of their own by the way, wasn't their choice to be born in the US) cannot appreciate what they have by virtue of the fact that they have never lived anywhere else, I used to room with a Pakistani kid who was a great guy but would be considered a hardo by most people, but I understood him after he told me how the alternative was so fucking brutal and shitty for him (going back to Pakistan) that he had no problem grinding here, essentially the "immigrant mindset" that American born people just don't have.

 
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