What's going on with full-time TARP hiring of foreigners?

Just wondering if anyone at the TARP banks (Citi, BoA, etc) know whether non US citizens will be considered during full time hiring this year.

I know there were issues with the non- US citizen Summer Analysts hired into Citi this year, but I'm not completely clear. Does anyone know what exactly happened? Did they get their offers rescinded or what?

Thanks.

 

One of my Indian friends who is an international student got placed as a summer associate in Citi and has been working out of its NYC office. He has been working almost for a year as an intern in hope of the TARP cloud to fade away

Kev

Kev
 
Kevin Baer:
One of my Indian friends who is an international student got placed as a summer associate in Citi and has been working out of its NYC office. He has been working almost for a year as an intern in hope of the TARP cloud to fade away

Kev

He's most likely working under OPT. Yeah, the OPT only lasts for a year though, after which you have to apply for H1.

 

If internationals who major in econ and math (or even engineerng/comp sci, which most of them do), then why would banks even worry about sponsoring them for H1 visas? 29 months of OPT is more than enough for any 2 year analyst stint in IBD, and I don't see why the H1 should be an issue for banks wanting to hire foreigners (assuming they major in one of the STEM areas).

 

It's very hard to argue that you are actually doing something related to that. I believe if you work in I.T or risk management, you can make a case, but for risk management, you need to show proof of an actuarial sciences degree. It also depends on your school to a certain extent, since it's responsible for issuing the extension under a new I-20. The whole purpose of this extension was to boost jobs in sectors like engineering, medicine etc. which is why it may be difficult for the guys at USCIS to approve anything in a gray area. Nonetheless, I'm sure if you find a good immigration lawyer, you might be able to find ways in which you can prove a direct relationship between your degree and your work.

 

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