Can anyone confirm this? I heard that this will be the case going forward with 2019 SA program. No interns, including IB Summer Analysts, will be given a return offer if they require a sponsorship
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I assume you are referring to the United States? Then this would make sense, my friend who was working in NYC applied for a lateral position in investment banking but was told that they would not sponsor him.
Yes, this is for NY-USA
If you are an undergraduate or MBA student in the United States then you should check with UBS and see if different rules apply in that situation. Otherwise, you might be out of luck unfortunately. There are still many banks that sponsor but there has been more reluctance as of recent.
UBS sponsors at MBA level. Went through their process this fall and an international student in my class is headed there.
Great to hear. Did any banks at your program state outright that they will not sponsor? Have heard of Greenhill, Guggenheim, etc. not taking sponsors (at the Associate level). Assuming most BB's still do...
BMO flat out doesn’t sponsor.
Citi says that they sponsor, but the international students were cut pretty early.
Can confirm - Citi is one of the worst BBs when it comes to sponsorship.
Damn. This is really good info - don't want to derail the UBS thread, so I think it's worth it to start a new post just on MBA Associate sponsorship (i'll go ahead and do so)
.
source? just accepted undergrad summer offer at Citi NY as a Canadian. am i not eligible for return offer?
bump
They do on paper and a lot of international students made it deep in their process..at least at associate level.
They're cutting back on hiring internationals. At my MBA two internationals got a call from HR saying that they won't be able to sponsors an hour before on-campus superday, which is really fucked up.
damn
so even if you will be interning for summer 2019 there will be 0 chance to get a return offer if you are an international?? Then what's the point of doing that internship?
same position exaqtly
are u going to intern at UBS this summer?
I was in the process for scheduling a superday with UBS last cycle, and HR called me and said that I would be ineligible because I required visa sponsorship. So not sure how intl students got UBS internships for 2019?
In the same position as you. Only after I attended the assessment centre (equivalent of a US superday) they told me they couldn't sponsor an internship. LOL
messed up...damn...
Are there any other companies that are doing the same thing?
It's no secret that UBS has been struggling for several years now.
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