What happens to the intl students who don't win the H1B lottery?

rx.'s picture
Rank: Senior Baboon | 203

As an international student entering BB IBD for full time, I'm curious what happens to those who don't win the H1B lottery. Are they given the option to move to the London or Asia office? If they do move to those offices, do they get a chance to return to the NYC office? How does this process all work?

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May 21, 2015

If you're in a LatAm group, you might get restaffed to Mexico, Santiago or Sao P for 1 year before coming back with the L Visa.

I heard they fired all the guys at JPM who didn't make it in the lottery... This year things are getting bad everywhere.

Think about making it legal soon :)

    • 2
May 22, 2015
gradmonkeybanana:

If you're in a LatAm group, you might get restaffed to Mexico, Santiago or Sao P for 1 year before coming back with the L Visa.

I heard they fired all the guys at JPM who didn't make it in the lottery... This year things are getting bad everywhere.

Think about making it legal soon :)

Which year was this? This year alone, 3 of my buddies at JPM are moving to London and Toronto/Calgary offices.

May 22, 2015

Was it because they didn't win the H1B lottery or was it out of personal choice (non-Visa related)?

May 22, 2015

Sadly, they didn't win the H-1B lottery.

May 22, 2015

A coworker mentioned it was in PB not IBD

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May 22, 2015
gradmonkeybanana:

I heard they fired all the guys at JPM who didn't make it in the lottery...

Nope. Not true.

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."

May 21, 2015

some friends were moved to london or HK if the lottery system did not work out.

whether you are given the option to move back or not will come down to opportunity / headcount; do not count on it being based on the fact that you had to originally move for Visa issues (if someone has had experience to the contrary it would be helpful to hear). Keep in mind, you can come back on a L1 (rather than a H1B) as an experienced hire

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May 21, 2015

what about transferring to Canada?

May 22, 2015
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