With the tightening of H1B visa policy in recent years, fewer and fewer investment banks are willing to sponsor H1B visas. However, major investment banks like Goldman Sachs, JPMorgan, Morgan Stanley, Citi and Bank of America still stand out in providing H1B visa sponsorship. Understanding the latest H1B visa sponsorship trends of top investment banks can help international students better plan their career path in the US.
Goldman Sachs remains No.1 investment bank for H1B visa sponsorship with over 1000 approvals in 2021
According to the latest H1B visa approval data, Goldman Sachs continued to rank 1st among major investment banks in H1B visa sponsorship in 2021, with over 1000 H1B visas approved. This indicates Goldman’s strong demand for global talents and its commitment to supporting international students’ career development in the US through visa sponsorship. Students targeting investment banking should research deeply into Goldman’s analyst programs and prepare thoroughly for its highly competitive application process.
JPMorgan Chase sponsored 550+ H1B visas in 2021, showing its openness to international talents
JPMorgan Chase has been actively hiring international students in recent years. In 2021, JPMorgan sponsored over 550 H1B visa applications, covering various business functions from investment banking, asset management, to risk management and more. JPMorgan’s strong visa sponsorship record demonstrates that the bank embraces diversity and global perspectives, which aligns with its brand image as a global bank.
Morgan Stanley relaxes H1B visa sponsorship policy to compete for talents
Previously known for not sponsoring H1B visas, Morgan Stanley now sponsors H1B visas for certain critical roles to attract and retain top talents globally. This shift in policy allows more international students to explore opportunities at Morgan Stanley, especially for highly technical roles like quantitative analysts and strateigsts.
Citi offers 150+ H1B visa sponsorships covering front office and technology functions
According to 2021 H1B visa approval records, Citi has sponsored over 150 visa applications covering investment banking, markets, risk management and technological functions. The visa sponsorship numbers may seem smaller compared to other peers, but it covers both client-facing and functional roles at Citi, enabling international students to explore diverse career paths.
Bank of America scales back H1B visa sponsorship due to cost control
Bank of America used to be one of the investment banks that actively hired and sponsored international students. However in recent years it has scaled back H1B visa sponsorship significantly due to cost control considerations. International students finding interest in Bank of America should proactively communicate with recruiters about visa sponsorship policy before applying.
In conclusion, top 5 investment banks that continue to sponsor H1B visas in large numbers include Goldman Sachs, JPMorgan, Morgan Stanley, Citi and Bank of America, despite policy changes over the years. Understanding their latest visa sponsorship trends can help international students navigate their career search in investment banking.