BBs that sponsor International Students. (Latest Updates)
Hey, guys, I'm a rising sophomore, and recruiting has already been tough as I've been getting auto dings because of my international student status.
But from personal experience and other sources, these are the firms currently sponsoring. Please add more as sources have been conflicting. thanks!
1. GS - Yes. Asked during their virtual events.
2. Bank of America: Yes. Senior at my school starting full time this year.
3. JPM: Only sure about SF, I think they stopped for NY as people got auto dinged for SA 2021.
4. Citi: Yes. Heard some international students are currently interning. not sure about the future tho
Pretty Sure Citi isn't sponsoring.
Citi is case by case.
I know internationals (Class of 2022) going to intern at Citi
More important than sponsorship is whether the bank is willing to relocate you if you do not receive your (H1B?) work visa
I've seen peers at CS, BARC, DB, JPM get relocated to the London office when their work visa lottery didn't work out. I've heard GS and BAML do so as well, although I don't know anyone personally.
On the other hand, Citi I've heard refuses to relocate you and just lets you go if you don't get the H1B - very ironic given they are arguably the most "international" bank among the BBs
This was from quite a number of years ago so things may have changed now, but would advise you look into this carefully
Know people at MS and UBS that have gotten relocated as well
Do you know about relocation for HL/EVR/PJT?
Citi will definitely put you up in a foreign office, have seen a number of people go through the process.
OP here. Thank you all for your inputs. Wish all international students good luck!
BAML does, I know of someone. MS, JP do was well
Can confirm JPMC no longer does- all intl kids being dinged. I had a VP reference but still got canned 10 hours after applying.
Hi, anyone has any updates regarding BBs/MMs/EBs sponsorship for H-1B1 or E-3 visas?
know that jefferies sponsors
They don't.
Very inaccurate posts here. Since the summer of 2019, only PJT sponsors from well-known banks. There are some cases of sponsoring at MS TMT in Menlo, GS TMT in SF, and Barclays in SF.
But in NY, only PJT and BofA are currently sponsoring for H1-Bs in IB. MS, JPM, and GS sponsor Quants, Tech, and algo traders.
JPM, GS, MS, EVR, Lazard all stopped sponsoring IB this winter. Citi stopped in 2019. There are couple other banks that take students on OPT, but do not sponsor, and offer relocation after.
Not quite. JPM, MS, Lazard don't sponsor (and also Barclays, UBS...etc). But I personally know internationals going to GS/EVR NYC next summer for IB, so I guess it's more on a case by case basis for these two. Mind you, these internationals go to a target, so maybe that helps
I have an international student working for me (I am an ED @ top BB). But they're not getting sponsored. We have interns in S&T and IB who are international students, but those are mostly sophomore diversity hires (from targets like HYPS working on CPT). Do not mistake interning with actually getting sponsored. H1-B sponsoring is a decision that happens within 12 months of their FT start.
There are people who use OPT in IB, and then fail to get the STEM OPT extension for IB approved (or H1-B entry), and are lucky to either move to econometrics/strats or London (or H1B lottery).
P.S. There were kids and MBAs this summer in IB who interned and didn't get a return due to being international. One was lucky to land a PM role at MSFT, but for others we offered interviews in Econometrics/Tech/Quant. There's also a London relocation program for my group. Sure some banks like EVR will take their chances with 3.9 students at top targets, but H1-B lottery wasn't kind to Finance this year.
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