How hard is it to get into IBD as an international?

Hey everyone! How hard is it to get into IBD as an international student? Is it extremely hard like some fields such as medicine, or is it more forgiving and accepting such as law? Are companies generally willing to sponsor visas for international students to work as analysts, etc.? What about internships during the school year, is the process of obtaining those any different? Thanks for your time and help.

(P.S. I'm sorry if this has been asked before but I tried searching and it was giving me thousands of posts about interns as opposed to internationals.)

Comments (41)

Aug 8, 2014

haha wait is it hard for internationals to get into medicine? because I feel like there are so many already i dont know how thats possible. there's already a lot of internationals in ib, i guess maybe because there's 6.5 billion internationals for limited postions

Aug 8, 2014

Yea, for only 10.6% of internationals got accepted to med schools across the entire US is 2013. Most med schools don't even allow out of state residents to apply, much less international students (only about 60 accept internationals). And most that do accept international only accept 1 or 2 per year if so much. But that's besides the point, this is IB, not med :) When you say there's already a lot of internationals in IB, do you think that maybe being an international is not that much of a disadvantage then?

Aug 8, 2014

It is extremely difficult to get into IB as an international - maybe you have a shot from a top target school, but probably not much of a chance otherwise. I'd say zero chance out of undergrad if you're not studying in the US

Aug 9, 2014

Thanks for the reply. I definitely would not be thinking of doing undergrad outside of the US. When you say top target, just how "top" are we speaking of? Are you speaking of HYPSW only?

Aug 9, 2014

Best guess, yeah basically. If you do other ivy league etc maybe you have a shot but someone else may be able to speak to that more - I'm not sure if that's true.

Why would they hire someone from a non-target or lower ranked target if they have to sponsor visas etc., when they could just as easily hire others equally qualified for the job without the hassle of Visa sponsorship? For them to hire you, you'd better be brilliant and they'd better love you - easier to accomplish from a top target.

Best guess is that you have essentially zero chance from a non-target, doable from a top target, and somewhere in between for schools in the middle.

Aug 9, 2014

sorry for hijacking the thread
i am an international student studying in a west coast target
how likely is it to land a job in my home place (one of the asia financial hubs)
are those interviews conducted in west coast offices instead of offices in my home country?
or are they conducted in ny office?
many thanks!

Array

Aug 9, 2014

bump........

Aug 9, 2014

the higher the better. To be safe, above 3.8. I've seen an article about it at M&I. Someone made it to BB. Also depends on your English skills...

Aug 9, 2014

If you have a valuable language skill that they are seeking, then that will help. Otherwise, not a very good chance for working at a US based office for IBD.

But some of the banks do global recruiting, so you could interview in the US but for a position in your home country or continent.. once you are in the door, ask for a transfer to a US office.

Good luck..

Aug 9, 2014

You cannot really quantify/qualify the perfect candidate. Some people have gotten BB jobs with GPAs less than 3, some rejected with 3.5+.

Just network hard and prepare to the best of your ability.

Typically, you will want some EC involvement (finance club), competitive GPA (3.5+), and some networking.

GL

The difference between successful people and others is largely a habit - a controlled habit of doing every task better, faster and more efficiently.

Aug 9, 2014

Thank you! But will it be harder as an international student rather than a domestic student?

Aug 9, 2014
anavoisp:

Thank you! But will it be harder as an international student rather than a domestic student?

Absolutely.

Aug 9, 2014

i think you have a pretty good chance. with a high distinction average, most places will at least take a look at you. pm me.

Aug 9, 2014

They have to sponsor your H-1B Visa

Aug 9, 2014

Is that the only way? Do they ever do so?

Aug 9, 2014

PM me

Aug 9, 2014

I've similar question. I'm currently thinking about getting my degree in Master in Finance from Hult University in San Francisco in hoping to plan s stepping stone to get a job in the states. If you can give me any advice that would more than appreciated. Thank you

Aug 9, 2014

You guys aren't serious, right?

Have you ever heard of CPT or OPT? I suggest you contact your college's international student office. They have to have material on these issues. If they don't, ask your career guidance office. Probably both of these offices have basic information about the immigration issues you might face.

As a rule of thumb, freshman programs are almost exclusively for US citizens and US residents (unless you are able to network your way into them). It gets a lot easier your second year and you should be able to work closely with alumni and take advantage of OCR. In your last summer, you "just" have to make sure that you are a little ahead of any US applicants, but your international background should help. Unless you fall into a stereotype or are a nerd. Just my $.02

Full disclosure: I am currently a junior at a LAC.

Aug 9, 2014
bmbgmjm:

Hi, I am considering different options of colleges. So far, Northwestern (with its Kellogg CPU) sounds the best for me academically, socially, and professionally.

So now, how likely is it for an international non-US citizen to get a finance job out of a target school like Northwestern? I was considering applying to MMSS and am definitely following the Kellogg CPU track.

These finance jobs may include consulting(MBBB or others) and BB.

Thank you!

Are you looking to get an H1b visa, or whatever the hell it is that international students need to work here?
You'll only find that with big companies, so if you do wind up applying and getting in, remember than if you can't break into a field in finance that you like, keep another corporate position at some big company in mind

I'm not concerned with the very poor
-Mitt Romney

Aug 9, 2014
Mitt Romney:
bmbgmjm:

Hi, I am considering different options of colleges. So far, Northwestern (with its Kellogg CPU) sounds the best for me academically, socially, and professionally.

So now, how likely is it for an international non-US citizen to get a finance job out of a target school like Northwestern? I was considering applying to MMSS and am definitely following the Kellogg CPU track.

These finance jobs may include consulting(MBBB or others) and BB.

Thank you!

Are you looking to get an H1b visa, or whatever the hell it is that international students need to work here?
You'll only find that with big companies, so if you do wind up applying and getting in, remember than if you can't break into a field in finance that you like, keep another corporate position at some big company in mind

What are "big companies?" Big companies like Deloitte as opposed to Booz? It will be awesome to start at the consulting department at Deloitte and go into MBA.

Aug 9, 2014

As mentioned by Mitt Romney, look only at biggest companies. They are the only ones sponsoring H1B visas. I wasted too much time looking at more local firms and in the end realized they don't sponsor visas for international students. Do your research.

Aug 9, 2014
Beny23:

As mentioned by Mitt Romney, look only at biggest companies. They are the only ones sponsoring H1B visas. I wasted too much time looking at more local firms and in the end realized they don't sponsor visas for international students. Do your research.

Big Companies such as Deloitte, E&Y, Accenture? BB companies are big. I know most financial companies sponsor H1B visas. The question is, will they choose me, a Northwestern undergrad graduate with a Kellogg certificate, over other American counterparts?

Aug 9, 2014

London (only place where you can apply your English skills - obv. NY you would have to go to top, top uni in states.) However, that being said as long as you have domestic language skills of that country Frankfurt, Paris or any other hub could work too.

Aug 9, 2014

If got the balls and can beat the competition, all major banks will sponsor visa for incoming analysts and associates classes. Smaller banks are less willing to do it for you. I am an international student as well so I went through the exactly same shit. It is not easy but it is do-able.

Aug 9, 2014
Comment
Aug 9, 2014