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

chuckiex's picture
Rank: Monkey | 40

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 Did they get their offers rescinded or what?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.

Comments (14)

Jul 30, 2009

They were relocated to other countries. Citi and BOA can't recruit foreigners into their American offices yet, since they're still in TARP. I honestly don't think these banks will be able to recruit for another year or so.

Jul 30, 2009

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

Jul 30, 2009
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.

Jul 30, 2009

Does anyone know to what degree this formally applies to internships?

Jul 31, 2009

BoA never hired non-US ppl

Jul 31, 2009
7S:

BoA never hired non-US ppl

This is not true at all. I already met a Hongkong girl who works for BoA in Chicago office.

Aug 6, 2009
7S:

BoA never hired non-US ppl

The problem of this forum is that a lot of people who know nothing about a subject give a bold answer such as this one and therefore totally misguide other members.

BoA regularly hired non-US people...

Jul 31, 2009

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).

Jul 31, 2009

wouldn't S&T be somewhat related to the STEM majors? if not S&T as a whole, then atleast a few derivatives desks should more or less qualify one to get the STEM extension, should it not?

Jul 31, 2009

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.

Aug 5, 2009
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