TN Visa success/failures

The threads for TN Visa after the USCIS memo has gone quiet. Be interested to hear, even anecdotal evidence on success / failure of Canadian ibankers getting into the US for ibanking under the TN Visa.

Would be good to describe: experience level, type of bank (BB/EB/MM, etc); type of TN Visa, and Process (mail or port of entry)

Thanks in advance!

Comments (16)

Jun 7, 2019

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Jun 7, 2019

Based on what I know, basically everyone at a BB, EB or strong MM firm made it across the border last year without a problem. The only exception was some of the Goldman analysts, because the firm's lawyers had them apply in advance rather than at the border.

Jun 7, 2019

I'm not a fresh grad by any means, but I'm on a TN that expires next year. I called the career offices at Ivey / Queen's because I figure they probably see more cases than any individual law firm...like, there aren't that many people in general using the Economist TN. The person was actually very responsive despite me having no affiliation to the school. Basically matched what you said - lots of urban legends and a lot of nerves, but, at least for that school, they're not aware of ANY instances of people being turned away.

Jun 7, 2019

Knowing quite a few ppl on TN, I haven't heard of any issues since the memo came out. Some ppl had to have their paperwork tightened a bit, but otherwise no real change in the way CBA is awarding / renewing visas.

I think the big and real change has come on the employer side, I have heard SO many stories of companies (not necessarily large Investment Banks, but all finance firms) who decided they weren't willing to take the risk anymore so it does restrict the opportunities available to Canadians.

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Jun 7, 2019

I would love to hear more information around this.

Are employers altering job descriptions to make roles come off as more of an "economist" role as opposed to a "financial analyst" role when trying to hire Canadians?

Are Canadians finding they have difficulties in interviews when it comes up that they are Canadian and require a TN Visa? Or are firms pretty open to them?

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Jun 7, 2019
  1. I think this has always been the case. Not wholesale making stuff up, but maybe working in job duties consistent with the BLS description of an economist - there is a lot of genuine overlap. My understanding is also that Canadian schools will write letters of support for their students to explain why their BComm / HBA / whatever coursework fulfills an economist's qualifications.
  2. It's always been an uphill battle and it's definitely gotten worse. Employers don't want to deal with this uncertainty.
Jun 7, 2019

Hmmmm:

I would assume it would be hard to convince schools outside of Ivey/UofT to write anything. Additionally, regardless of what they write, a finance degree will be hard to rationalize, I assume. Thank goodness my degree required a great deal of econ coursework. Hopefully, that can be spun to mean something.......

Agreed - I have heard that IB recruiting, in particular, has been going downhill for Canadians for quite some time now.

Wonder if this holds true for MBB and other highly coveted post-MBA roles?

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Jun 9, 2019

Can't speak to altering job descriptions, but it's definitely become harder to get IB jobs in the US as a Canadian. I believe the only BBs that are still open to taking Canadians in their NY offices are GS and CS, and possibly MS. Elite boutiques its a different story, and I believe most have no problem with the TN.

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Jun 7, 2019

What really grinds my gears (imagine Peter Griffin voice):

M7 MBA programs seem to be screwing over both their international applicant pool & their own domestic applicants.

For the international cohort, they sell them on a great education, and the dream of being able to work in the US, post-graduation. This is extremely important for internationals as the only way an M7 MBA tuition is justifiable is if they are able to be hired in the US post-graduation, as compensation is considerably higher in the states. Yet it has become increasingly difficult for Canadians to be hired in the US through the TN Visa, never mind overseas internationals trying to win the H1B lottery.

For the domestic applicants, they are being passed over for those who won't even end up working in the states. They are literally advertising how much of the student base is international, yet, upon graduation they aren't even staying in the states to contribute to the economy. They take the education and leave (whether on purpose or not).

I am confused why Americans are fighting against an international brain drain problem that directly benefits them..... Aren't these the type of immigrants they DO want?

Americans seem to want immigrants, yet they don't want the immigrants to take the low paying jobs away from the struggling working class Americans OR the high paying-highly coveted jobs either. Makes no sense.

Rant over.

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Jun 7, 2019

Agree with your point. The recent USMCA ended up with no change to TN. However, during the negotiations, it is ironic that the U.S. wanted fewer professions and Canada wanted more even though Canada would likely lose more professionals due to brain drain.

Anyhow... when there is a will, there is a way...

Jun 7, 2019
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